Income Statement
Quarterly Data
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.
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- Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Total Asset Turnover since 2005
- Analysis of Revenues
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Synopsys Inc., consolidated income statement (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-K (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 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).
- Revenue Trends
- Total revenue steadily increased from early 2019 through 2024, rising from approximately $820 million to a peak near $1.74 billion by the end of the period. Both products and maintenance/service revenues contributed to this growth, with product revenues showing some volatility but a general upward trajectory, particularly from 2020 onward. Maintenance and service revenue also exhibited a steady upward trend with some fluctuations.
- Product Revenue and Upfront Products
- Product revenue demonstrated growth from around $684 million in early 2019 to approximately $1.41 billion by 2024. Time-based products consistently contributed the majority of product revenue and showed a general increase, although certain quarters experienced slight declines. Upfront products displayed more volatility with sizeable fluctuations but generally increased over time, peaking in several quarters around 2021 and 2024.
- Cost of Revenue and Gross Margin
- Cost of revenue rose significantly alongside revenue, moving from about $193 million in early 2019 to well above $380 million in some quarters of 2024. Despite this growth in costs, gross margin improved steadily, increasing from approximately $627 million in early 2019 to around $1.36 billion by 2024. This suggests effective management of costs relative to revenue growth, resulting in enhanced profitability.
- Operating Expenses
- Operating expenses grew over the period in line with revenue increases, rising from roughly $480 million in early 2019 to more than $1.19 billion by 2024. Among operating expense categories, research and development consistently represented the largest expense and increased significantly, reaching over $625 million by late 2024. Sales and marketing expenses remained relatively stable proportionally but showed a gradual escalation. General and administrative costs increased substantially, notably spiking toward the end of the period.
- Operating Income
- Operating income fluctuated throughout the period, achieving highs above $430 million in late 2021 and varying in other quarters, but generally trended upward. Despite some quarters with notable declines, operating income remained robust relative to earlier years, reflecting strong operational performance amidst rising expenses.
- Net Income and Taxes
- Net income from continuing operations showed substantial growth from about $153 million in early 2019 to peaks exceeding $440 million intermittently in 2023, followed by variability in 2024. Provision for income taxes fluctuated significantly, impacting net income volatility in some periods. The net income attributed to the company followed the overall upward trend, with a marked spike in early 2024 linked partly to discontinued operations.
- Discontinued Operations and Other Income/Expense
- Discontinued operations data appeared sporadically, with a significant abnormal gain reported in early 2024, considerably influencing net income in that quarter. Other income (expense) also showed volatility, with some large positive and negative swings, indicating fluctuations in non-operating income components affecting overall profitability.
- Amortization and Restructuring
- Amortization of acquired intangible assets remained a consistent cost but fluctuated over time, generally stable in magnitude relative to revenue. Restructuring charges were irregular with some significant charges in earlier years and diminishing towards the end, suggesting periodic operational adjustments.
- Summary Insight
- The overall financial data presents a company experiencing strong growth in revenue and profitability over the multi-year period, supported by increasing product and maintenance revenues. Cost control measures and investment in research and development indicate a focus on innovation and sustained growth. Temporary fluctuations in expenses and income are evident but balanced by solid gross margins and operating income. Exceptional items related to discontinued operations and other income introduce volatility in net income during specific periods, warranting attention for future consistency.