Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Synopsys Inc., consolidated balance sheet: assets

US$ in thousands

	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Cash and cash equivalents	2,888,030)	3,896,532)	1,438,913)	1,417,608)	1,432,840)	1,235,653)
Short-term investments	72,929)	153,869)	151,639)	147,913)	147,949)	—)
Cash, cash equivalents and short-term investments	2,960,959)	4,050,401)	1,590,552)	1,565,521)	1,580,789)	1,235,653)
Accounts receivable, net	1,505,427)	934,470)	946,967)	796,091)	568,501)	780,709)
Inventories	365,190)	361,849)	325,590)	211,927)	229,023)	192,333)
Prepaid and other current assets	1,180,526)	1,122,946)	567,515)	439,130)	430,028)	340,522)
Current assets	6,012,102)	6,469,666)	3,430,624)	3,012,669)	2,808,341)	2,549,217)
Property and equipment, net	696,693)	563,006)	557,261)	483,300)	472,398)	483,818)
Operating lease right-of-use assets, net	702,008)	565,917)	568,829)	559,090)	493,251)	465,818)
Goodwill	26,899,215)	3,448,850)	4,070,336)	3,842,234)	3,575,785)	3,365,114)
Intangible assets, net	12,679,591)	195,164)	374,194)	386,446)	279,132)	254,322)
Deferred income taxes	112,159)	1,247,258)	860,914)	670,653)	612,655)	497,546)
Other long-term assets	1,122,693)	583,700)	470,973)	463,695)	510,698)	414,227)
Long-term assets	42,212,359)	6,603,895)	6,902,507)	6,405,418)	5,943,919)	5,480,845)
Total assets	48,224,461)	13,073,561)	10,333,131)	9,418,087)	8,752,260)	8,030,062)

Based on: 10-K (reporting date: 2025-10-31), 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).

The company’s total assets experienced substantial growth over the analyzed period, increasing from US$8,030,062 thousand in 2020 to US$48,224,461 thousand in 2025. This growth was not consistent year-over-year, with particularly significant increases observed between 2023 and 2025. A detailed examination of asset components reveals varying trends.

Liquidity and Current Assets: Current assets demonstrated a general upward trend from 2020 to 2024, rising from US$2,549,217 thousand to US$6,469,666 thousand. However, current assets decreased in 2025 to US$6,012,102 thousand. Within current assets, cash, cash equivalents, and short-term investments increased significantly in 2024, reaching US$4,050,401 thousand, before decreasing in 2025. Accounts receivable, net, also showed an increasing trend, more than doubling between 2023 and 2025. Inventories and prepaid and other current assets also exhibited consistent growth throughout the period.
Long-Term Assets: Long-term assets also increased overall, moving from US$5,480,845 thousand in 2020 to US$42,212,359 thousand in 2025. The most substantial changes were observed in goodwill and intangible assets. Goodwill increased steadily from 2020 to 2024, but experienced an extraordinary surge in 2025, reaching US$26,899,215 thousand. Intangible assets followed a similar pattern, with a dramatic increase in 2025 to US$12,679,591 thousand. Property and equipment, net, and operating lease right-of-use assets, net, showed more moderate, consistent growth. Deferred income taxes increased significantly between 2020 and 2024, but decreased substantially in 2025. Other long-term assets also showed growth, though less pronounced than goodwill and intangible assets.

The significant increases in goodwill and intangible assets in 2025 warrant further investigation, as they represent a substantial portion of the company’s total asset base. The decrease in current assets in 2025, despite the continued growth in accounts receivable, inventories, and prepaid assets, suggests a potential shift in asset allocation or utilization. The overall trend indicates a company that is expanding its asset base, with a notable emphasis on intangible assets and goodwill in recent years.

Synopsys Inc. (NASDAQ:SNPS)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items