Selected Financial Data
since 2005
Income Statement
Synopsys Inc., selected items from income statement, long-term trends
US$ in thousands
| 12 months ended: | Revenue | Operating income (loss) | Net income (loss) attributed to Synopsys |
|---|---|---|---|
| Oct 31, 2024 | 6,127,436) | 1,355,711) | 2,263,380) |
| Oct 31, 2023 | 5,842,619) | 1,269,259) | 1,229,888) |
| Oct 31, 2022 | 5,081,542) | 1,162,038) | 984,594) |
| Oct 31, 2021 | 4,204,193) | 734,790) | 757,516) |
| Oct 31, 2020 | 3,685,281) | 620,141) | 664,347) |
| Oct 31, 2019 | 3,360,694) | 520,231) | 532,367) |
| Oct 31, 2018 | 3,121,058) | 360,225) | 432,518) |
| Oct 31, 2017 | 2,724,880) | 347,563) | 136,563) |
| Oct 31, 2016 | 2,422,532) | 317,395) | 266,826) |
| Oct 31, 2015 | 2,242,211) | 266,466) | 225,934) |
| Oct 31, 2014 | 2,057,472) | 248,717) | 259,124) |
| Oct 31, 2013 | 1,962,214) | 246,493) | 247,800) |
| Oct 31, 2012 | 1,756,017) | 190,024) | 182,402) |
| Oct 31, 2011 | 1,535,643) | 212,843) | 221,364) |
| Oct 31, 2010 | 1,380,661) | 184,110) | 237,063) |
| Oct 31, 2009 | 1,360,045) | 208,251) | 167,681) |
| Oct 31, 2008 | 1,336,951) | 219,112) | 189,978) |
| Oct 31, 2007 | 1,212,469) | 118,044) | 130,491) |
| Oct 31, 2006 | 1,095,560) | 29,432) | 24,742) |
| Oct 31, 2005 | 991,931) | (52,984) | (15,478) |
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), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
- Revenue Trends
- The revenue of the company has exhibited a consistent upward trajectory from 2005 through 2024. Commencing at approximately $992 million in 2005, it increased steadily each year, reaching around $6.13 billion by 2024. This indicates sustained growth averaging a strong compound annual growth rate over the 20-year period. Notable accelerations in growth are seen particularly after 2016, suggesting enhanced sales performance or expansion initiatives in recent years.
- Operating Income Performance
- Operating income started with a loss of about $53 million in 2005, quickly turning positive in 2006 at $29 million, and then showing a generally increasing trend with some fluctuations. From 2007 onward, operating income grew substantially, reaching over $1.35 billion by 2024. The company achieved considerable profitability improvements, particularly post-2016, where operating income more than tripled from approximately $348 million in 2017 to $1.36 billion in 2024. This reflects enhanced operational efficiency or better control over operating expenses relative to revenue growth.
- Net Income Attributed to the Company
- Net income attributable to the company overall mirrors the positive patterns observed in operating income, with a loss of roughly $15 million in 2005 turning into profits in subsequent years. The net income exhibited variability, for instance a peak of around $237 million in 2010, a dip in 2017 with $137 million, followed by strong recovery. Significant growth is evident from 2017 onwards, culminating in a net income of approximately $2.26 billion by 2024. This growth pattern indicates improved bottom-line performance potentially driven by revenue increases, operational gains, and possibly other factors like tax benefits or non-operating gains.
- Overall Financial Health and Growth Insights
- Across the reported period, the company has demonstrated a solid and persistent expansion in revenue and profitability. The transition from operating losses to substantial profits highlights operational turnaround and scalability. The synchronized growth of operating income and net income suggests effective cost management and strong operating leverage. The sharp increase in profitability metrics, especially after 2016, may reflect strategic developments such as market expansion, product innovation, or enhanced competitive positioning. This financial progression indicates a robust business model with improving margins and increased capacity to generate shareholder value.
Balance Sheet: Assets
Synopsys Inc., selected items from assets, long-term trends
US$ in thousands
| Current assets | Total assets | |
|---|---|---|
| Oct 31, 2024 | 6,469,666) | 13,073,561) |
| Oct 31, 2023 | 3,430,624) | 10,333,131) |
| Oct 31, 2022 | 3,012,669) | 9,418,087) |
| Oct 31, 2021 | 2,808,341) | 8,752,260) |
| Oct 31, 2020 | 2,549,217) | 8,030,062) |
| Oct 31, 2019 | 1,738,917) | 6,405,160) |
| Oct 31, 2018 | 1,543,797) | 6,145,974) |
| Oct 31, 2017 | 1,682,593) | 5,396,414) |
| Oct 31, 2016 | 1,716,938) | 5,240,365) |
| Oct 31, 2015 | 1,563,801) | 5,045,739) |
| Oct 31, 2014 | 1,504,735) | 4,775,499) |
| Oct 31, 2013 | 1,447,977) | 4,358,935) |
| Oct 31, 2012 | 1,140,656) | 4,147,656) |
| Oct 31, 2011 | 1,338,055) | 3,367,334) |
| Oct 31, 2010 | 1,247,755) | 3,286,541) |
| Oct 31, 2009 | 1,463,800) | 2,938,854) |
| Oct 31, 2008 | 1,322,290) | 2,742,478) |
| Oct 31, 2007 | 1,327,539) | 2,617,337) |
| Oct 31, 2006 | 894,490) | 2,157,822) |
| Oct 31, 2005 | 947,479) | 2,141,476) |
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), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
The analysis of the financial data over the period reveals several significant trends in the asset structure. Both current assets and total assets show a general upward trajectory, indicating growth in the company's asset base.
- Current Assets
- Current assets exhibit fluctuations in the initial years but maintain an overall increasing trend. Starting from approximately 947 million US dollars in 2005, current assets reached around 1.46 billion by 2009. A slight decline was observed in 2012, but the figure gradually increased thereafter. Notably, a substantial surge occurred between 2023 and 2024, where current assets nearly doubled from 3.43 billion to 6.47 billion US dollars, signifying a strong improvement in short-term asset holdings.
- Total Assets
- Total assets consistently increased year-over-year throughout the two decades, beginning at roughly 2.14 billion US dollars in 2005 and expanding to over 13 billion by 2024. There are evident phases of accelerated growth, particularly post-2015, with the most considerable increase seen between 2023 and 2024. This growth underscores the expansion in the company's overall asset base, reflecting possible investments, acquisitions, or retained earnings increasing total company resources.
- Comparative Insights
- The ratio of current assets to total assets appears to remain stable but experiences notable enhancement in the last recorded year, which may suggest improved liquidity or a strategic shift toward more liquid asset composition. This change should be further explored to understand its impact on operational efficiency and financial stability.
Overall, the data indicates a company that has been growing its asset base steadily over the years with a marked acceleration in recent periods, positioning itself with considerable resources available in both short-term and total assets categories.
Balance Sheet: Liabilities and Stockholders’ Equity
Synopsys Inc., selected items from liabilities and stockholders’ equity, long-term trends
US$ in thousands
| Current liabilities | Total liabilities | Total debt | Total Synopsys stockholders’ equity | |
|---|---|---|---|---|
| Oct 31, 2024 | 2,650,120) | 4,050,355) | 15,601) | 8,990,702) |
| Oct 31, 2023 | 2,985,451) | 4,148,830) | 18,078) | 6,147,308) |
| Oct 31, 2022 | 2,774,499) | 3,858,897) | 20,824) | 5,515,725) |
| Oct 31, 2021 | 2,413,484) | 3,453,317) | 100,086) | 5,295,137) |
| Oct 31, 2020 | 2,139,922) | 3,117,695) | 127,907) | 4,907,404) |
| Oct 31, 2019 | 1,752,453) | 2,316,284) | 137,707) | 4,083,013) |
| Oct 31, 2018 | 2,102,415) | 2,660,959) | 469,304) | 3,479,152) |
| Oct 31, 2017 | 1,614,109) | 2,116,690) | 143,987) | 3,275,620) |
| Oct 31, 2016 | 1,714,946) | 2,045,219) | 205,000) | 3,195,146) |
| Oct 31, 2015 | 1,578,353) | 1,911,750) | 205,000) | 3,133,989) |
| Oct 31, 2014 | 1,386,759) | 1,719,329) | 75,000) | 3,056,170) |
| Oct 31, 2013 | 1,222,919) | 1,570,658) | 105,000) | 2,788,277) |
| Oct 31, 2012 | 1,252,639) | 1,603,685) | 135,000) | 2,501,686) |
| Oct 31, 2011 | 1,008,810) | 1,266,034) | —) | 2,101,300) |
| Oct 31, 2010 | 921,768) | 1,186,359) | —) | 2,100,182) |
| Oct 31, 2009 | 814,593) | 1,094,688) | —) | 1,844,166) |
| Oct 31, 2008 | 908,983) | 1,214,107) | —) | 1,528,371) |
| Oct 31, 2007 | 1,031,076) | 1,180,944) | —) | 1,436,393) |
| Oct 31, 2006 | 871,096) | 994,655) | —) | 1,163,167) |
| Oct 31, 2005 | 816,680) | —) | —) | 1,218,936) |
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), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
The analysis of the financial data over the reported periods reveals several notable trends and insights regarding the company's liabilities, debt, and stockholders’ equity.
- Current Liabilities
- Current liabilities generally increased over the years, starting from approximately 817 million US dollars in 2005 and peaking at around 2.77 billion US dollars in 2022. There was a gradual rise with occasional fluctuations, notably a decline from 2.98 billion in 2023 to 2.65 billion in 2024, indicating possible efforts to reduce short-term obligations recently.
- Total Liabilities
- Total liabilities data begins in 2006 with about 995 million US dollars. A consistent upward trend is observed, with total liabilities reaching approximately 4.15 billion US dollars by 2023, followed by a slight decrease to 4.05 billion in 2024. This steady increase suggests an expansion in the company's total obligations, matching growth in operational scale or financing activities.
- Total Debt
- Total debt values are available from 2012 onward, initially at 135 million US dollars. There is notable volatility, with some significant increases and decreases, reaching a high near 469 million US dollars in 2017 and then generally declining to around 16 million US dollars by 2024. This pattern indicates active debt management, possibly including repayments or refinancing activities, reducing reliance on borrowed funds over recent years.
- Total Stockholders’ Equity
- Stockholders' equity exhibits a steady and robust growth trend. Starting near 1.22 billion US dollars in 2005, equity increased continually, surpassing 9 billion US dollars by 2024. This consistent expansion highlights increasing net asset value, reflecting profitability retention, equity financing, or asset appreciation over time.
Overall, the financials indicate the company has been increasing both its liabilities and equity substantially over the examined period. The controlled decrease in total debt alongside rising equity suggests strengthening financial stability and reduced leverage risk in recent years. The notable growth in current liabilities and total liabilities correlates with corporate expansion but appears balanced by equity increases, mitigating potential financial distress.
Cash Flow Statement
Synopsys Inc., selected items from cash flow statement, long-term trends
US$ in thousands
| 12 months ended: | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash provided by (used in) financing activities |
|---|---|---|---|
| Oct 31, 2024 | 1,407,029) | 1,223,013) | (181,297) |
| Oct 31, 2023 | 1,703,274) | (482,101) | (1,196,871) |
| Oct 31, 2022 | 1,738,900) | (572,623) | (1,116,300) |
| Oct 31, 2021 | 1,492,622) | (549,030) | (748,748) |
| Oct 31, 2020 | 991,313) | (360,418) | (140,606) |
| Oct 31, 2019 | 800,513) | (235,877) | (561,892) |
| Oct 31, 2018 | 424,232) | (743,525) | 5,138) |
| Oct 31, 2017 | 634,565) | (189,282) | (373,120) |
| Oct 31, 2016 | 586,635) | (142,675) | (306,937) |
| Oct 31, 2015 | 495,160) | (559,629) | (62,070) |
| Oct 31, 2014 | 550,953) | (497,250) | (73,689) |
| Oct 31, 2013 | 496,705) | (66,079) | (97,985) |
| Oct 31, 2012 | 486,068) | (879,123) | 243,488) |
| Oct 31, 2011 | 440,316) | (88,819) | (277,619) |
| Oct 31, 2010 | 341,036) | (238,733) | (43,062) |
| Oct 31, 2009 | 239,159) | (191,902) | 69,452) |
| Oct 31, 2008 | 331,088) | (201,086) | (143,842) |
| Oct 31, 2007 | 433,478) | (245,569) | 56,864) |
| Oct 31, 2006 | 205,890) | (153,777) | (130,426) |
| Oct 31, 2005 | 269,190) | (171,475) | (39,771) |
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), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
The analysis of the annual cash flow data reveals significant fluctuations across operating, investing, and financing activities over the considered period.
- Operating Activities
-
The net cash provided by operating activities demonstrates an overall upward trend from 2005 through 2024, with some volatility along the timeline. Starting at $269.2 million in 2005, the cash inflow peaks notably at $1.492 billion in 2021, followed by a slight decline but remaining robust at approximately $1.407 billion in 2024. This upward trajectory indicates improving operational efficiency and stronger cash generation capabilities over time.
- Investing Activities
-
Net cash used in investing activities consistently reflects negative values for the majority of the years, indicating ongoing capital expenditure or investments. The cash outflow intensified significantly in 2012 with a $879.1 million outflow and again in 2018 with a $743.5 million outflow. However, a notable reversal occurs in 2024, where investing activities generate a positive net cash inflow of about $1.223 billion, suggesting substantial divestitures, returns on investment, or a reduction in capital spending in that period.
- Financing Activities
-
Cash flows from financing activities display pronounced volatility, fluctuating between inflows and outflows without a clear trend. After initial outflows in the mid-2000s, there is a positive peak of $243.5 million in 2012, followed by primarily negative cash flows in subsequent years. The largest outflows occur in the early 2020s, with figures exceeding $1 billion in 2022 and 2023, potentially reflecting debt repayments, share repurchases, or dividend payments. The reduction in outflow in 2024 to approximately $181 million suggests a moderation in financing cash movements.
Overall, the data suggest strengthening operating cash generation capacity, sustained investment activity with an unusual positive reversal in the latest year, and fluctuating but predominantly negative financing cash flows in recent years. The interplay among these cash flow components indicates a maturing financial profile with an emphasis on operational growth and dynamic capital structure management.
Per Share Data
Synopsys Inc., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Oct 31, 2024 | 14.78 | 14.51 | 0.00 |
| Oct 31, 2023 | 8.08 | 7.92 | 0.00 |
| Oct 31, 2022 | 6.44 | 6.29 | 0.00 |
| Oct 31, 2021 | 4.96 | 4.81 | 0.00 |
| Oct 31, 2020 | 4.40 | 4.27 | 0.00 |
| Oct 31, 2019 | 3.55 | 3.45 | 0.00 |
| Oct 31, 2018 | 2.90 | 2.82 | 0.00 |
| Oct 31, 2017 | 0.91 | 0.88 | 0.00 |
| Oct 31, 2016 | 1.76 | 1.73 | 0.00 |
| Oct 31, 2015 | 1.46 | 1.43 | 0.00 |
| Oct 31, 2014 | 1.67 | 1.64 | 0.00 |
| Oct 31, 2013 | 1.62 | 1.58 | 0.00 |
| Oct 31, 2012 | 1.24 | 1.21 | 0.00 |
| Oct 31, 2011 | 1.51 | 1.47 | 0.00 |
| Oct 31, 2010 | 1.60 | 1.56 | 0.00 |
| Oct 31, 2009 | 1.17 | 1.15 | 0.00 |
| Oct 31, 2008 | 1.33 | 1.29 | 0.00 |
| Oct 31, 2007 | 0.91 | 0.87 | 0.00 |
| Oct 31, 2006 | 0.17 | 0.17 | 0.00 |
| Oct 31, 2005 | -0.11 | -0.11 | 0.00 |
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), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
1, 2, 3 Data adjusted for splits and stock dividends.
- Basic Earnings Per Share (EPS)
- The basic earnings per share exhibited a fluctuating but overall increasing trend from 2005 to 2024. The figure started negative at -0.11 in 2005, then quickly turned positive in 2006 and generally rose through 2008, reaching 1.33. After a slight dip and volatility from 2009 to 2012, EPS resumed an upward trajectory from 2013 onwards. Notably, after a drop to 0.91 in 2017, the EPS surged substantially from 2.9 in 2018 to an impressive 14.78 in 2024. This reflects significant improvements in profitability and operational performance over the long term.
- Diluted Earnings Per Share (EPS)
- The diluted earnings per share paralleled the basic EPS trend closely, starting at -0.11 in 2005 and turning positive in 2006. It grew steadily with minor fluctuations until 2008, followed by some periods of plateau and slight decrease until around 2012. Post-2013, diluted EPS showed a solid rising tendency with a considerable jump from 2.82 in 2018 to 14.51 in 2024. The close alignment with basic EPS suggests stable share dilution effects over time.
- Dividend Per Share
- No dividend payments were reported throughout the entire period from 2005 to 2024, as the data contains no values in this category. This indicates the company has either chosen to retain earnings for reinvestment or other purposes rather than distributing dividends to shareholders.