Company: SNPS
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0000883241-25-000024
Chunk: 201

Company: SYNOPSYS INC
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 8
Chunk 201
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The increase in amortization of acquired intangible assets for the three and nine months ended July 31, 2025 compared to the same periods in fiscal 2024 was primarily due to amortization expense related to intangible assets acquired from the Ansys Merger. See Note 6. Goodwill and Intangible Assets of the Notes to Condensed Consolidated Financial Statements for a schedule of future amortization amounts.

Interest Expense

July 31,20252024$ Change% Change(dollars in millions)Three months ended(146.5)$(11.7)$(134.8)1,152 %Percentage of total revenue(8)%(1)%Nine months ended$(252.0)$(20.5)$(231.5)1,129 %Percentage of total revenue(5)%— %

The increase in interest expense for the three and nine months ended July 31, 2025 as compared to the same periods in fiscal 2024 was primarily due to interest on the Senior Notes issued in the second quarter of fiscal 2025 and the borrowing under the Term Loan Agreement in the third quarter of fiscal 2025 in connection with the Ansys Merger. See Note 10. Senior Notes, Bridge Commitment Letter, Term Loan and Revolving Credit Facilities of the Notes to Condensed Consolidated Financial Statements for further detail on our debt obligations.

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Other Income (Expense), Net

 July 31,   20252024$ Change% Change (dollars in millions)Three months endedInterest income$131.4 $15.7 $115.7 737 %Gains (losses) on assets related to deferred compensation plan 43.4 25.8 17.6 68 %Foreign currency exchange gains (losses)1.2 0.3 0.9 300 %Gain (loss) on sale of strategic investments(1.2)— (1.2)(100)%Other, net(4.3)1.7 (6.0)(353)%Total$170.5 $43.5 $127.0 292 %Nine months endedInterest income$257.0 $40.5 $216.5 535 %Gains (losses) on assets related to deferred compensation plan42.9 76.3 (33.4