Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in thousands

	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Payroll and related benefits	624,823)	583,854)	559,886)	581,687)	492,626)	417,157)
Accrued income taxes	147,115)	226,762)	35,290)	—)	—)	—)
Other accrued liabilities	184,321)	157,254)	176,647)	132,091)	128,773)	85,391)
Accounts payable	207,333)	155,891)	37,580)	27,413)	30,003)	19,815)
Accounts payable and accrued liabilities	1,163,592)	1,123,761)	809,403)	741,191)	651,402)	522,363)
Current operating lease liabilities	94,791)	85,690)	54,274)	79,678)	73,173)	—)
Current deferred revenue	1,391,737)	1,776,000)	1,910,822)	1,517,623)	1,388,263)	1,212,476)
Short-term debt	—)	—)	—)	74,992)	27,084)	17,614)
Current liabilities	2,650,120)	2,985,451)	2,774,499)	2,413,484)	2,139,922)	1,752,453)
Long-term operating lease liabilities	574,065)	584,035)	581,273)	487,003)	462,411)	—)
Long-term deferred revenue	340,831)	175,128)	154,472)	136,303)	104,850)	90,102)
Long-term debt	15,601)	18,078)	20,824)	25,094)	100,823)	120,093)
Deferred compensation plan liabilities	386,757)	300,731)	279,096)	343,820)	269,737)	249,822)
Other	82,981)	85,407)	48,733)	47,613)	39,952)	103,814)
Other long-term liabilities	469,738)	386,138)	327,829)	391,433)	309,689)	353,636)
Long-term liabilities	1,400,235)	1,163,379)	1,084,398)	1,039,833)	977,773)	563,831)
Total liabilities	4,050,355)	4,148,830)	3,858,897)	3,453,317)	3,117,695)	2,316,284)
Redeemable non-controlling interest	30,000)	31,043)	38,664)	—)	—)	—)
Preferred stock, $0.01 par value; none outstanding	—)	—)	—)	—)	—)	—)
Common stock, $0.01 par value	1,541)	1,521)	1,524)	1,531)	1,528)	1,503)
Capital in excess of par value	1,211,206)	1,276,152)	1,487,126)	1,576,363)	1,653,166)	1,635,455)
Retained earnings	8,984,105)	6,741,699)	5,534,307)	4,549,713)	3,795,397)	3,164,144)
Treasury stock, at cost	(1,025,770)	(1,675,650)	(1,272,955)	(782,866)	(488,613)	(625,642)
Accumulated other comprehensive loss	(180,380)	(196,414)	(234,277)	(49,604)	(54,074)	(92,447)
Total Synopsys stockholders’ equity	8,990,702)	6,147,308)	5,515,725)	5,295,137)	4,907,404)	4,083,013)
Non-controlling interest	2,504)	5,950)	4,801)	3,806)	4,963)	5,863)
Total stockholders’ equity	8,993,206)	6,153,258)	5,520,526)	5,298,943)	4,912,367)	4,088,876)
Total liabilities, redeemable non-controlling interest and stockholders’ equity	13,073,561)	10,333,131)	9,418,087)	8,752,260)	8,030,062)	6,405,160)

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 upward trend in payroll and related benefits from 2019 to 2024, increasing from approximately $417 million to $625 million. This indicates growing personnel costs over the period.
Accrued income taxes: This item appears starting in 2022 with $35.3 million, spikes to $226.8 million in 2023, and then decreases to $147.1 million in 2024. The fluctuation suggests variability in tax liabilities or timing differences in tax recognition.
Other accrued liabilities: Other accrued liabilities increased steadily from $85.4 million in 2019 to $184.3 million in 2024, signaling rising short-term obligations besides taxes and payroll.
Accounts payable: Accounts payable doubled from $19.8 million in 2019 to $37.6 million in 2022, then surged sharply to $207.3 million in 2024, indicating increased supplier or vendor credit extension or delayed payments.
Accounts payable and accrued liabilities: This combined measure shows a consistent increase from $522.4 million in 2019 to $1.16 billion in 2024, reflecting an overall growth in short-term operational liabilities.
Current operating lease liabilities: Starting at $73.2 million in 2020, current operating lease liabilities vary, peaking near $94.8 million in 2024, indicating ongoing lease obligations with some volatility year-over-year.
Current deferred revenue: Current deferred revenue rose from $1.21 billion in 2019 to a peak of $1.91 billion in 2022, before declining to $1.39 billion in 2024, suggesting shifts in customer prepayments or service delivery schedules.
Short-term debt: Short-term debt increased significantly between 2019 and 2021, from $17.6 million to $75 million, then is reported as zero or missing in subsequent years, indicating repayment or reclassification.
Current liabilities: Current liabilities show a general upward trend from $1.75 billion in 2019 to $2.99 billion in 2023, with a decline to $2.65 billion in 2024, reflecting changes in operational short-term obligations.
Long-term operating lease liabilities: These liabilities increased from $462.4 million in 2020 to $584 million in 2022, then slightly declined to $574.1 million by 2024, indicating steady long-term lease commitments.
Long-term deferred revenue: Long-term deferred revenue increased steadily over the period, starting at $90.1 million in 2019 and reaching $340.8 million in 2024, showing growth in deferred income extending beyond one year.
Long-term debt: There is a consistent decrease in long-term debt from $120.1 million in 2019 to $15.6 million in 2024, reflecting deleveraging or repayment of bank loans or bonds.
Deferred compensation plan liabilities: These liabilities generally increase over the period from $249.8 million in 2019 to $386.8 million in 2024, with a dip in 2022, indicating rising obligations related to deferred employee compensation.
Other long-term liabilities: Other long-term liabilities fluctuate but show a rising trend from $353.6 million in 2019 to $469.7 million in 2024, suggesting additional long-term commitments or contingencies increasing over time.
Long-term liabilities: Long-term liabilities grew from $563.8 million in 2019 to $1.40 billion in 2024, indicating an overall increase in long-term obligations, notably driven by deferred revenue and deferred compensation plans.
Total liabilities: Total liabilities rose from $2.32 billion in 2019 to $4.15 billion in 2023, with a slight decrease to $4.05 billion in 2024, marking steady growth in both current and long-term liabilities over the observed years.
Redeemable non-controlling interest: Reported only since 2022, this item declines gradually from $38.7 million to $30 million in 2024, indicating a decreasing minority interest subject to redemption.
Common stock: Common stock shares remain relatively stable, holding around $1.5 million over the years, indicating no significant issuance or repurchase affecting par value.
Capital in excess of par value: This capital component decreased steadily from $1.64 billion in 2019 to $1.21 billion in 2024, reflecting possible share repurchases or amortization affecting equity.
Retained earnings: A strong upward trajectory is observed in retained earnings, rising from $3.16 billion in 2019 to $8.98 billion in 2024, indicating sustained profitability and earnings retention.
Treasury stock, at cost: Treasury stock balances demonstrate increased repurchases up to 2023, peaking at $1.68 billion cost, but then decrease noticeably to $1.03 billion in 2024, suggesting partial resell or retirement of held shares.
Accumulated other comprehensive loss: This loss fluctuates noticeably, increasing in magnitude to $234 million loss in 2022, then improving slightly to $180 million loss in 2024, indicating volatility in unrealized gains/losses on certain comprehensive income components.
Total stockholders’ equity: Stockholders’ equity grows from approximately $4.09 billion in 2019 to $8.99 billion in 2024, primarily driven by increasing retained earnings despite declines in capital in excess of par and accumulated other comprehensive loss.
Non-controlling interest: A small and fluctuating non-controlling interest is reported, declining from about $5,863 thousand in 2019 to $2,504 thousand in 2024, denoting reduced minority ownership stakes.
Total liabilities, redeemable non-controlling interest and stockholders’ equity: The total of liabilities, redeemable non-controlling interest, and stockholders’ equity increased steadily from $6.41 billion in 2019 to $13.07 billion in 2024, more than doubling over the six-year span and reflecting overall company growth in assets and financing.

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Synopsys Inc. (NASDAQ:SNPS)

Balance Sheet: Liabilities and Stockholders’ Equity