Stock Analysis on Net
Stock Analysis on Net

Synopsys Inc. (NASDAQ:SNPS)

Common-Size Income Statement
Quarterly Data

Synopsys Inc., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018
Time-based products 54.84 54.42 62.05 57.94 57.47 62.93 60.45 56.58 55.70 59.71 62.96 63.34 65.06 59.15 63.48 68.51 66.69 64.43 63.02 66.76 67.49 76.16 73.11 71.67 74.20
Upfront products 27.16 28.09 20.03 24.77 24.73 19.72 21.53 26.31 28.99 23.80 19.23 20.42 17.97 23.81 21.88 15.07 18.06 19.78 20.82 17.15 15.91 8.37 12.77 12.87 11.91
Products revenue 81.99% 82.51% 82.09% 82.71% 82.20% 82.65% 81.98% 82.90% 84.69% 83.51% 82.19% 83.75% 83.03% 82.96% 85.36% 83.58% 84.75% 84.21% 83.84% 83.91% 83.40% 84.53% 85.88% 84.54% 86.11%
Maintenance and service 18.01 17.49 17.91 17.29 17.80 17.35 18.02 17.10 15.31 16.49 17.81 16.25 16.97 17.04 14.64 16.42 15.25 15.79 16.16 16.09 16.60 15.47 14.12 15.46 13.89
Revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Products -11.74 -13.36 -12.83 -13.24 -12.81 -13.52 -13.15 -11.78 -13.02 -13.23 -12.07 -13.15 -13.12 -13.93 -12.29 -12.56 -14.12 -13.27 -13.31 -13.87 -14.21 -14.26 -14.81 -13.93 -14.48
Maintenance and service -6.98 -6.18 -6.61 -6.84 -6.71 -6.95 -7.03 -6.85 -6.16 -5.99 -6.21 -6.62 -7.09 -6.83 -6.31 -7.22 -7.42 -6.59 -6.98 -7.15 -7.17 -6.64 -6.39 -6.45 -6.60
Amortization of acquired intangible assets -1.24 -1.25 -1.24 -1.28 -1.37 -1.54 -1.55 -1.13 -1.05 -1.15 -1.12 -1.11 -1.22 -1.14 -1.42 -1.61 -1.58 -1.61 -1.59 -1.78 -2.13 -3.07 -2.58 -2.63 -2.47
Cost of revenue -19.96% -20.78% -20.67% -21.37% -20.89% -22.01% -21.73% -19.76% -20.23% -20.37% -19.40% -20.89% -21.44% -21.90% -20.02% -21.39% -23.12% -21.47% -21.88% -22.80% -23.51% -23.97% -23.78% -23.01% -23.54%
Gross margin 80.04% 79.22% 79.33% 78.63% 79.11% 77.99% 78.27% 80.24% 79.77% 79.63% 80.60% 79.11% 78.56% 78.10% 79.98% 78.61% 76.88% 78.53% 78.12% 77.20% 76.49% 76.03% 76.22% 76.99% 76.46%
Research and development -33.47 -30.55 -34.12 -34.81 -34.18 -35.94 -35.65 -30.48 -30.23 -35.91 -35.11 -35.37 -36.84 -33.11 -33.46 -35.13 -37.67 -34.13 -33.39 -34.71 -33.07 -36.58 -35.58 -32.46 -34.36
Sales and marketing -15.97 -14.32 -15.27 -15.92 -15.48 -16.23 -15.97 -14.98 -14.21 -17.15 -16.22 -16.87 -17.58 -17.21 -16.23 -16.97 -18.32 -18.94 -18.42 -18.97 -19.01 -21.04 -20.26 -18.95 -19.56
General and administrative -8.39 -7.01 -7.38 -6.53 -7.15 -8.36 -7.33 -5.78 -6.38 -7.72 -7.93 -7.10 -7.99 -7.78 -7.63 -7.25 -8.24 -7.45 -7.90 -6.74 -5.13 -7.93 -10.82 -7.57 -7.33
Amortization of acquired intangible assets -0.40 -0.50 -0.45 -0.47 -0.49 -0.52 -0.57 -0.54 -0.71 -0.75 -0.81 -0.81 -0.86 -0.91 -1.03 -1.19 -1.12 -1.18 -1.19 -1.23 -1.31 -1.35 -1.37 -1.38 -1.24
Restructuring charges 0.00 0.09 -2.24 -0.30 -3.00 0.00 0.00 -0.02 -0.92 -1.58 -1.43 0.00 0.00 0.04 0.21 -3.44 -1.05 -1.58 -2.27 -1.73 0.00 -1.39 0.00 -0.28 0.04
Operating expenses -58.24% -52.30% -59.46% -58.04% -60.31% -61.06% -59.52% -51.81% -52.45% -63.12% -61.50% -60.15% -63.28% -58.98% -58.14% -63.99% -66.40% -63.29% -63.16% -63.39% -58.52% -68.29% -68.02% -60.64% -62.46%
Operating income 21.81% 26.92% 19.87% 20.60% 18.80% 16.93% 18.75% 28.43% 27.32% 16.51% 19.10% 18.96% 15.29% 19.13% 21.84% 14.62% 10.49% 15.24% 14.96% 13.81% 17.97% 7.74% 8.20% 16.35% 14.00%
Interest and other income (expense), net 6.40 -1.30 1.74 0.30 1.71 -0.41 0.19 -1.87 -1.56 0.76 1.08 2.12 2.96 -0.45 2.72 -1.83 1.45 0.22 0.62 2.20 -0.04 -1.17 1.02 -0.99 1.61
Income before income taxes 28.20% 25.62% 21.60% 20.90% 20.51% 16.52% 18.94% 26.56% 25.76% 17.27% 20.18% 21.09% 18.25% 18.68% 24.57% 12.79% 11.93% 15.47% 15.58% 16.01% 17.92% 6.57% 9.22% 15.36% 15.61%
(Provision) benefit for income taxes -1.15 -3.95 0.79 -1.55 -0.78 -4.72 -1.34 -3.59 -1.09 0.18 -1.41 -2.07 -1.55 0.49 1.67 -0.03 0.54 3.42 -3.87 -1.88 0.79 25.42 0.96 -2.17 -16.09
Net income (loss) 27.06% 21.67% 22.39% 19.35% 19.73% 11.80% 17.60% 22.97% 24.67% 17.45% 18.77% 19.02% 16.70% 19.17% 26.23% 12.76% 12.47% 18.88% 11.72% 14.14% 18.71% 31.99% 10.18% 13.19% -0.48%
Net loss attributed to non-controlling interest and redeemable non-controlling interest 0.18 0.17 0.21 0.21 0.21 0.15 0.24 0.07 0.03 0.03 0.02 0.03 0.03 0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net income (loss) attributed to Synopsys 27.23% 21.84% 22.61% 19.57% 19.95% 11.95% 17.84% 23.04% 24.69% 17.48% 18.79% 19.04% 16.73% 19.26% 26.23% 12.76% 12.47% 18.88% 11.72% 14.14% 18.71% 31.99% 10.18% 13.19% -0.48%

Based on: 10-Q (reporting date: 2024-01-31), 10-K (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-K (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Synopsys Inc. operating income as a percentage of revenue increased from Q3 2023 to Q4 2023 but then slightly decreased from Q4 2023 to Q1 2024 not reaching Q3 2023 level.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Synopsys Inc. income before income taxes as a percentage of revenue increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Net income (loss) attributed to Synopsys The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Synopsys Inc. net income (loss) attributed to Synopsys as a percentage of revenue decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 level.