Company: SNPS
Filing Date: 2025-03-03
Form Type: 424B5
Source: 0001140361-25-006661
Chunk: 30

Company: SYNOPSYS INC
Filing Date: 2025-03-03
Form: 424B5
Chunk 30
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 income (expense), net, interest expense, stock-based compensation expense, fair value changes of deferred compensation plan obligations, acquisition/divestiture related items, and amortization and depreciation. See the unaudited pro forma condensed combined financial information filed as Exhibit 99.2 to our Form 8-K filed on February 27, 2025 and incorporated by reference herein. The following table presents a reconciliation of pro forma net income from continuing operations attributed to Synopsys to pro forma Adjusted EBITDA for the period indicated:

| ($ in millions, except ratio)(1)                             |     |   Pro Forma 
  Year Ended 
 October 31, 
        2024 |
|:-------------------------------------------------------------|:----|------------:|
| Net income from continuing operations attributed to Synopsys |     |      $713.0 |
| Provision (benefit) for income taxes                         |     |      -238.1 |
| Interest and other income (expense), net                     |     |      -733.2 |
| Interest expense                                             |     |       818.7 |
| Stock-based compensation expense                             |     |       971.3 |
| Deferred compensation plan obligation fair value changes     |     |        85.4 |
| Acquisition/divestiture related items                        |     |       312.9 |
| Amortization and depreciation                                |     |     1,671.1 |
| Adjusted EBITDA                                              |     |    $3,601.1 |
| Long-term debt(2)                                            |     |   $13,668.9 |
| Ratio of long-term debt to Pro Forma Adjusted EBITDA         |     |        3.8x |

| (1) | Amounts may not total due to rounding. |

| (2) | Pro forma long-term debt calculated as of January 31, 2025. |

Adjusted EBITDA is a non-GAAP financial measure of Ansys’ performance and is defined herein as net income adjusted for interest income, income tax provision, other (expense) income, net, interest expense, acquisition accounting for deferred revenue, stock-based compensation expense, excess payroll taxes related to

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stock-based awards, expenses related to business combinations and depreciation and amortization. The following table presents a reconciliation of net income, the most directly comparable financial measure calculated and presented in accordance with GAAP, to Adjusted EBITDA for each of the periods indicated: