Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Synopsys Inc., consolidated income statement

US$ in thousands

12 months ended:	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Time-based products	3,383,632)	2,993,786)	2,633,763)	2,365,199)	2,197,965)	2,303,317)
Upfront products	1,429,330)	1,226,728)	861,063)	735,572)	619,791)	357,698)
Products revenue	4,812,962)	4,220,514)	3,494,826)	3,100,771)	2,817,756)	2,661,015)
Maintenance and service	1,029,657)	861,028)	709,367)	584,510)	542,938)	460,043)
Revenue	5,842,619)	5,081,542)	4,204,193)	3,685,281)	3,360,694)	3,121,058)
Products	(763,494)	(653,783)	(542,114)	(487,307)	(459,127)	(448,430)
Maintenance and service	(383,835)	(342,978)	(271,202)	(254,931)	(234,196)	(203,434)
Amortization of intangible assets	(74,864)	(66,936)	(48,461)	(52,452)	(59,623)	(84,034)
Cost of revenue	(1,222,193)	(1,063,697)	(861,777)	(794,690)	(752,946)	(735,898)
Gross margin	4,620,426)	4,017,845)	3,342,416)	2,890,591)	2,607,748)	2,385,160)
Research and development	(1,946,813)	(1,680,379)	(1,504,823)	(1,279,022)	(1,136,932)	(1,084,822)
Sales and marketing	(889,016)	(779,777)	(712,491)	(632,010)	(632,890)	(622,978)
General and administrative	(410,311)	(353,840)	(322,988)	(284,530)	(229,218)	(262,560)
Amortization of intangible assets	(28,025)	(29,754)	(33,919)	(38,829)	(41,291)	(41,630)
Restructuring charges	(77,002)	(12,057)	(33,405)	(36,059)	(47,186)	(12,945)
Operating expenses	(3,351,167)	(2,855,807)	(2,607,626)	(2,270,450)	(2,087,517)	(2,024,935)
Operating income	1,269,259)	1,162,038)	734,790)	620,141)	520,231)	360,225)
Interest income	36,674)	8,545)	2,442)	3,561)	6,859)	5,323)
Interest expense	(1,178)	(1,698)	(3,365)	(5,140)	(11,659)	(15,607)
Gains (losses) on assets related to deferred compensation plan	20,488)	(68,778)	71,603)	21,469)	27,759)	4,636)
Foreign currency exchange gains (losses)	(1,529)	4,694)	5,292)	5,544)	3,588)	3,557)
Other, net	(21,932)	10,713)	(5,248)	(7,416)	(1,272)	5,409)
Other income (expense), net	32,523)	(46,524)	70,724)	18,018)	25,275)	3,318)
Income before income taxes	1,301,782)	1,115,514)	805,514)	638,159)	545,506)	363,543)
(Provision) benefit for income taxes	(83,657)	(137,078)	(49,155)	25,288)	(13,139)	68,975)
Net income	1,218,125)	978,436)	756,359)	663,447)	532,367)	432,518)
Net loss attributed to non-controlling interest and redeemable non-controlling interest	11,763)	6,158)	1,157)	900)	—)	—)
Net income attributed to Synopsys	1,229,888)	984,594)	757,516)	664,347)	532,367)	432,518)

Based on: 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), 10-K (reporting date: 2018-10-31).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Synopsys Inc. revenue increased from 2021 to 2022 and from 2022 to 2023.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Synopsys Inc. operating income increased from 2021 to 2022 and from 2022 to 2023.
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 increased from 2021 to 2022 and from 2022 to 2023.
Net income 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 attributed to Synopsys increased from 2021 to 2022 and from 2022 to 2023.

Synopsys Inc. (NASDAQ:SNPS)

Income Statement