Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Common-Size Income Statement
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Book Value (P/BV) since 2005
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Synopsys Inc., consolidated statement of comprehensive income
US$ in thousands
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).
The financial data exhibit a sustained upward trend in net income over the six-year period, with figures rising from approximately US$532 million in 2019 to over US$2.2 billion in 2024. This indicates a strong growth trajectory in profitability.
Other comprehensive income components show notable volatility. The change in foreign currency translation adjustment experienced significant fluctuations, including a sharp decline in 2022 followed by a recovery in 2024. Unrealized gains and losses on available-for-sale securities were relatively minor in magnitude and became more volatile after 2021, with small negative values turning modestly positive by 2024.
Deferred gains and losses after tax demonstrated significant variability, particularly a marked negative swing in 2022, rebounding positively in subsequent years. Similarly, the reclassification adjustment on deferred gains or losses presented considerable swings, alternating between positive and negative values across the years, particularly notable declines in 2021 and 2024.
Cash flow hedges showed a pronounced negative impact in 2022 but improved substantially in 2023 and stabilized thereafter at moderate positive levels. Aggregating these items under other comprehensive income reveals substantial volatility, particularly a major negative impact in 2022 followed by recovery, yet it remained markedly more volatile than net income.
Comprehensive income aligns closely with net income trends but exhibits less consistent growth due to the fluctuations in other comprehensive income components. Despite this, comprehensive income still increased from approximately US$553 million in 2019 to over US$2.25 billion in 2024, reflecting the overall profitability gains.
Net loss attributed to non-controlling interest and redeemable non-controlling interest increased steadily from 2020 to 2024, indicating growing minority interest impacts on consolidated net income figures.
Overall, the company has shown robust growth in core earnings, offset partially by significant volatility in other comprehensive income items, particularly related to foreign currency translation adjustments, deferred gains/losses, and cash flow hedges. These fluctuations should be monitored as they affect the comprehensive income and thus the total equity performance over time.
- Net Income Trend
- Consistent and strong increase year-over-year, culminating in a more than fourfold increase from 2019 to 2024.
- Foreign Currency Translation Adjustment
- Highly volatile, with significant negative impact in 2022 that partially reversed by 2024.
- Unrealized Gains/Losses on Securities
- Minor fluctuations with a shift to slight positive values after 2021.
- Deferred Gains/Losses
- Marked by large negative deviation in 2022, followed by positive recoveries.
- Reclassification Adjustment on Deferred Gains/Losses
- Alternating positive and negative swings suggest irregular timing or recognition patterns.
- Cash Flow Hedges
- Significant negative impact in 2022 but improvement and stabilization thereafter.
- Other Comprehensive Income
- Exhibits substantial volatility primarily driven by foreign currency and derivatives adjustments.
- Comprehensive Income
- Generally follows net income trends but moderated by fluctuations in other comprehensive income components.
- Net Loss to Non-Controlling Interests
- Shows a steady increase, indicating growing presence or impact of minority interest holders.