Company: SNPS
Filing Date: 2025-02-26
Form Type: 10-Q
Source: 0000883241-25-000014
Chunk: 36

Company: SYNOPSYS INC
Filing Date: 2025-02-26
Form: 10-Q
Item: Item 1
Chunk 36
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 Common stock issued, net of shares withheld for employee taxes557 5 (318,516)181,310 (137,201)(137,201)Stock-based compensation179,338 179,338 1,314 180,652 Adjustments to redeemable non-controlling interest(2,261)(2,261)(2,261)Recognition of non-controlling interest upon issuance of subsidiary stock1,498 1,498 (2,030)(532)Balance at January 31, 2024152,536 $1,525 $1,183,473 $7,188,550 $(1,539,340)$(163,224)$6,670,984 $4,590 $6,675,574 

See the accompanying Notes to Condensed Consolidated Financial Statements (unaudited).

4

SYNOPSYS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited, in thousands)

 Three Months Ended  January 31, 20252024Cash flows from operating activities:Net income$297,411 $446,207 Adjustments to reconcile net income to net cash used in operating activities:Amortization and depreciation47,934 62,888 Reduction of operating lease right-of-use assets25,473 24,376 Amortization of capitalized costs to obtain revenue contracts12,466 18,726 Stock-based compensation186,463 180,652 Allowance for credit losses9,919 6,059 Gain on sale of strategic investments— (55,077)Amortization of bridge financing costs10,468 1,000 Deferred income taxes(139,075)(101,332)Other186 (786)Net changes in operating assets and liabilities, net of effects from acquisitions and dispositions:Accounts receivable30,948 (119,571)Inventories(55,852)(60,883)Prepaid and other current assets(103,567)(96,916)Other long-term assets(43,494)(72,096)Accounts payable and accrued liabilities(313,651)(266,704)Operating lease liabilities(23,102)(23,569)Income taxes86,992 (117,798)Deferred revenue(96,974)87,034 Net cash used in operating activities(67,455)(87,790)Cash flows from investing activities