Stock Analysis on Net
Stock Analysis on Net

Synopsys Inc. (NASDAQ:SNPS)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Synopsys Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Oct 31, 2024 Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019
Payroll and related benefits
Accrued income taxes
Other accrued liabilities
Accounts payable
Accounts payable and accrued liabilities
Current operating lease liabilities
Current deferred revenue
Short-term debt
Current liabilities
Long-term operating lease liabilities
Long-term deferred revenue
Long-term debt
Deferred compensation plan liabilities
Other
Other long-term liabilities
Long-term liabilities
Total liabilities
Redeemable non-controlling interest
Preferred stock, $0.01 par value; none outstanding
Common stock, $0.01 par value
Capital in excess of par value
Retained earnings
Treasury stock, at cost
Accumulated other comprehensive loss
Total Synopsys stockholders’ equity
Non-controlling interest
Total stockholders’ equity
Total liabilities, redeemable non-controlling interest and stockholders’ equity

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).

Payroll and Related Benefits
There is a consistent downward trend in payroll and related benefits as a percentage of total liabilities, redeemable non-controlling interest, and stockholders’ equity, declining steadily from 6.51% in 2019 to 4.78% in 2024. This suggests improving cost efficiency or changes in compensation structure over the period.
Accrued Income Taxes
Accrued income taxes were not reported until 2022, where they reached 0.37%, spiked to 2.19% in 2023, and subsequently decreased to 1.13% in 2024. This indicates some volatility in the timing or amount of income tax obligations during the most recent years.
Other Accrued Liabilities
Other accrued liabilities fluctuated modestly, increasing from 1.33% in 2019 to 1.88% in 2022 before decreasing to 1.41% in 2024, revealing a moderate variation in accrued expenses outside payroll and income taxes.
Accounts Payable
Accounts payable remained relatively low and stable until 2021, but increased significantly in 2023 and 2024 to 1.51% and 1.59%, respectively, indicating a rise in short-term creditor obligations in the most recent years.
Accounts Payable and Accrued Liabilities
The combined metric showed a rise from approximately 8.16% in 2019 to a peak of 10.88% in 2023, before declining to 8.9% in 2024, indicating some fluctuation in short-term liabilities management.
Current Operating Lease Liabilities
Current operating lease liabilities were absent in 2019, appeared at 0.91% in 2020, and subsequently declined to 0.73% by 2024, reflecting a reduction in current lease obligations over recent years.
Current Deferred Revenue
This item shows fluctuations, declining from 18.93% in 2019 to 10.65% in 2024, with noticeable variation in interim years; the peak was 20.29% in 2022. The sharp drop in 2024 points to reduced upfront payments or accelerated recognition of revenue.
Short-term Debt
Short-term debt was negligible but increased slightly to 0.86% in 2021, and then was not reported thereafter, suggesting a possible paydown or reclassification of short-term obligations after 2021.
Current Liabilities
Current liabilities as a whole remained relatively stable around 27% to 29% through 2019-2023 but decreased notably to 20.27% in 2024, indicating a substantial reduction in short-term obligations.
Long-term Operating Lease Liabilities
Long-term operating lease liabilities increased from 5.76% in 2020 to a high of 6.17% in 2022, before declining to 4.39% by 2024, reflecting a reduction in long-term lease commitments over time.
Long-term Deferred Revenue
This category shows a slight upward trend from 1.31% in 2020 to 2.61% in 2024, suggesting an increase in long-term deferred revenue balances.
Long-term Debt
Long-term debt showed a consistent and significant decline from 1.87% in 2019 down to 0.12% in 2024, indicating declining leverage or debt repayment over time.
Deferred Compensation Plan Liabilities
Deferred compensation plan liabilities decreased from 3.9% in 2019 to 2.91% in 2023, remaining stable thereafter, showing a moderate reduction in this liability.
Other and Other Long-term Liabilities
Other liabilities and other long-term liabilities showed minor fluctuations but generally trended downward, with other long-term liabilities declining from 5.52% in 2019 to 3.59% in 2024.
Long-term Liabilities
Overall long-term liabilities increased from 8.8% in 2019 to 12.18% in 2020, but then gradually declined to 10.71% in 2024, indicating some initial growth followed by a reduction in long-term obligations.
Total Liabilities
Total liabilities rose steadily from 36.16% in 2019 to a peak of 40.97% in 2022, then declined significantly to 30.98% in 2024, reflecting a recent deleveraging trend.
Redeemable Non-controlling Interest
This element appeared in 2021 at 0.41%, declining to 0.23% in 2024, implying a small and diminishing interest held by non-controlling parties.
Common Stock and Capital in Excess of Par Value
Common stock remained essentially constant and minimal throughout the period. However, capital in excess of par value decreased sharply from 25.53% in 2019 to 9.26% in 2024, indicating possible share repurchases or other equity account adjustments.
Retained Earnings
Retained earnings increased steadily from 49.4% in 2019 to 68.72% in 2024, signaling strong cumulative profits or retention of earnings within the company.
Treasury Stock
Treasury stock grew in magnitude from -9.77% in 2019 to -16.22% in 2023 before improving to -7.85% in 2024. Despite fluctuations, this reflects substantial buyback activity and partial reissuance or adjustment in 2024.
Accumulated Other Comprehensive Loss
This loss decreased from -1.44% in 2019 to -1.38% in 2024 after reaching a low of -2.49% in 2022, indicating some volatility in comprehensive income components.
Total Stockholders’ Equity
Total stockholders’ equity declined from 63.84% in 2019 to 58.62% in 2022 but recovered strongly to 68.79% in 2024. The recovery is driven primarily by increases in retained earnings and reduction in treasury stock magnitude.