Common-Size Balance Sheet: Assets
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- Common-Size Income Statement
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Book Value (P/BV) since 2005
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Synopsys Inc., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2024-10-31), 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31).
- Cash and cash equivalents
- The proportion of cash and cash equivalents relative to total assets showed a general upward trend, increasing from 11.38% in 2019 to 29.8% in 2024. This indicates a significant rise in liquid assets over the period, particularly a notable jump between 2023 and 2024.
- Short-term investments
- Short-term investments as a percentage of total assets appeared from 2021 onwards, starting at 1.69% and then gradually declining to 1.18% in 2024, indicating a slight reduction in these assets in recent years.
- Cash, cash equivalents and short-term investments
- When combined, these highly liquid assets increased from 11.38% in 2019 to 30.98% in 2024, reflecting a growing emphasis on liquidity and possibly a more conservative asset management approach.
- Accounts receivable, net
- This asset category fluctuated over the years, peaking at 9.72% in 2020, dipping to 6.5% in 2021, and then stabilizing around 7-9% in subsequent years, ending at 7.15% in 2024. This indicates some variability in credit extended to customers or collections efficiency.
- Inventories
- Inventories remained relatively stable, ranging from 2.21% to 3.15%, with a slight increase noted in 2023 to 3.15%, followed by a small reduction in 2024 to 2.77%. The variation is modest, suggesting consistent inventory management.
- Prepaid and other current assets
- Prepaid and other current assets showed a gradual increase from 4.92% in 2019 to 8.59% in 2024, indicating a growing portion of current assets tied up in prepaid expenses or similar items.
- Current assets
- The total current assets as a proportion of total assets increased from 27.15% in 2019 to a significant 49.49% in 2024, mainly driven by the growth in cash, equivalents, and prepaid assets. This suggests a substantial shift toward higher liquidity and short-term resource ownership.
- Property and equipment, net
- A gradual decline is observed in property and equipment, net as a percentage of total assets, decreasing from 6.71% in 2019 to 4.31% in 2024. This trend reflects a lower capital investment in fixed assets or depreciation outpacing additions.
- Operating lease right-of-use assets, net
- This asset category was introduced in 2020, peaking at 5.94% in 2022 before declining to 4.33% in 2024. The initial rise followed by a reduction may relate to changes in lease arrangements or accounting adjustments.
- Goodwill
- Goodwill as a percentage of total assets showed a marked decline, decreasing steadily from 49.51% in 2019 to 26.38% in 2024. This significant reduction suggests the company either impaired goodwill, disposed of acquisitions, or grew other asset categories more rapidly.
- Intangible assets, net
- Intangible assets remained relatively stable at around 3-4% between 2019 and 2023 but saw a notable decrease to 1.49% in 2024, indicating possible amortization or write-downs impacting this asset class.
- Deferred income taxes
- Deferred income taxes as a percentage of total assets showed a steady increase from 6.09% in 2019 to 9.54% in 2024, suggesting growing tax timing differences potentially related to temporary differences or utilization of tax credits.
- Deferred compensation plan assets
- This category remained relatively stable, fluctuating modestly around 3% of total assets, reflecting consistent management of deferred compensation arrangements.
- Capitalized commission, net
- Capitalized commissions appeared from 2021 onwards, declining from 1.05% to 0.56% by 2024, indicating a decreasing portion of assets allocated to deferred commission costs.
- Other and other long-term assets
- Other assets and other long-term assets collectively showed minor decreases, with 'Other' declining from 2.28% to below 1% and 'Other long-term assets' reducing from 6.18% in 2019 to 4.46% in 2024. This points to a gradual reduction in miscellaneous asset categories.
- Long-term assets
- The overall proportion of long-term assets decreased significantly from 72.85% in 2019 to 50.51% in 2024, indicating a strategic shift towards more current or liquid assets. This trend corresponds with the increased allocation to current assets during the same period.
- Total assets
- The total assets percentage consistently sums to 100% for each period, serving as the baseline for all relative asset classifications.