SYNOPSYS, INC.

Unaudited Condensed Consolidated Balance Sheets ⁽¹⁾

(in thousands, except par value amounts)

July 31, 2023

October 31, 2022

ASSETS:

Current assets:

  Cash and cash equivalents

$          1,686,144

$          1,417,608

  Short-term investments

148,443

147,913

          Total cash, cash equivalents and short-term investments

1,834,587

1,565,521

  Accounts receivable, net

666,577

796,091

  Inventories

282,791

211,927

  Prepaid and other current assets

484,357

439,130

          Total current assets

3,268,312

3,012,669

Property and equipment, net

535,973

483,300

Operating lease right-of-use assets, net

574,727

559,090

Goodwill

3,887,860

3,842,234

Intangible assets, net

336,723

386,446

Deferred income taxes

813,810

670,653

Other long-term assets

505,826

463,695

           Total assets

$          9,923,231

$          9,418,087

LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND
STOCKHOLDERS' EQUITY:

Current liabilities:

  Accounts payable and accrued liabilities

$             905,464

$             809,403

  Operating lease liabilities

80,192

54,274

  Deferred revenue

1,744,326

1,910,822

           Total current liabilities

2,729,982

2,774,499

Long-term operating lease liabilities

590,827

581,273

Long-term deferred revenue

194,860

154,472

Long-term debt

18,165

20,824

Other long-term liabilities

389,516

327,829

           Total liabilities

3,923,350

3,858,897

Redeemable non-controlling interest

35,877

38,664

Stockholders' equity:

  Preferred stock, $0.01 par value: 2,000 shares authorized; none outstanding

—

—

  Common stock, $0.01 par value: 400,000 shares authorized; 152,125 and 152,375
shares outstanding, respectively

1,521

1,524

  Capital in excess of par value

1,257,382

1,487,126

  Retained earnings

6,389,825

5,534,307

  Treasury stock, at cost: 5,136 and 4,886 shares, respectively

(1,542,889)

(1,272,955)

  Accumulated other comprehensive income (loss)

(147,284)

(234,277)

           Total Synopsys stockholders' equity

5,958,555

5,515,725

Non-controlling interest

5,449

4,801

           Total stockholders' equity

5,964,004

5,520,526

           Total liabilities, redeemable non-controlling interest and stockholders' equity

$          9,923,231

$          9,418,087

(1) Synopsys' third quarter of fiscal year 2023 ended July 29, 2023 and its fiscal year 2022 ended on October 29, 2022, respectively.
For presentation purposes, we refer to the closest calendar month end.