Company: SNPS
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0000883241-25-000017
Chunk: 97

Company: SYNOPSYS INC
Filing Date: 2025-05-28
Form: 10-Q
Item: Item 1
Chunk 97
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, and our investments in or acquisitions of businesses, applications or technologies.

The following sections discuss changes in our condensed consolidated statements of cash flows and other commitments of our liquidity and capital resources during the six months ended April 30, 2025.

Cash Flows

Our condensed consolidated statements of cash flows include cash flows related to the Software Integrity business. Significant non-cash items and capital expenditures of discontinued operations related to our Software Integrity business are presented separately in Note 3. Discontinued Operations of the Notes to Condensed Consolidated Financial Statements in this Quarterly Report.

 Six Months Ended  April 30,  20252024$ Change (dollars in millions)Cash provided by operating activities$207.9 $388.8 $(180.9)Cash provided by (used in) investing activities54.0 (166.2)220.2 Cash provided by (used in) financing activities9,954.6 (154.6)10,109.2 

Cash Provided by Operating Activities

We expect cash from our operating activities to fluctuate as a result of a number of factors, including the timing of our billings and collections, our operating results, and the timing and amount of tax and other liability payments. Cash provided by our operations is dependent primarily upon the payment terms of our license agreements. We generally receive cash from upfront arrangements much sooner than from time-based products revenue, in which the license fee is typically paid either quarterly or annually over the term of the license.

The decrease in cash provided by operating activities for the six months ended April 30, 2025 compared to the same period in fiscal 2024 was primarily due to the unrealized loss from settlement of the interest rate treasury lock of $121.6 million in the second quarter of fiscal 2025, lower accounts receivable collections and lower net income of $92.8 million. 

Cash Provided by (Used in) Investing Activities

Net cash provided by investing activities was $54.0 million for the six months ended April 30, 2025 compared to net cash used in investing activities of $166.2 million for the same period in fiscal 2024. The increase in cash provided by investing activities was primarily driven by lower cash paid for acquisitions of $139.6 million, proceeds from the sale of an office building of $74.3 million in the second quarter of fiscal year 2025, proceeds of $70.1 million from the first two deferred consideration