Stock Analysis on Net
Stock Analysis on Net

Synopsys Inc. (NASDAQ:SNPS)

$24.99

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.

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

US$ in thousands

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 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.