Synopsys Posts Financial Results for Third Quarter Fiscal Year 2023

 

Total Adjusted Segment Operating Income Reconciliation (1)(2)(3)

(in millions)







Three Months Ended
July 31, 2023

Three Months Ended
July 31, 2022

Nine Months Ended
July 31, 2023

Nine Months Ended
July 31, 2022


GAAP total operating income – as reported

$                           295.5

$                           233.9

$                       838.7

$                       944.7

Other expenses managed at consolidated level





-Amortization of intangible assets (4)

25.1

26.5

74.9

70.2

-Stock compensation (4)

144.5

127.6

421.9

333.4

-Non-qualified deferred compensation plan

21.8

(1.1)

44.8

(50.0)

-Acquisition-related items

4.5

5.2

9.8

11.3

-Restructuring charges

33.4

78.4

12.1

Total adjusted segment operating income

$                           524.8

$                           392.1

$                     1,468.6

$                     1,321.7






(1) Synopsys manages the business on a long-term, annual basis, and considers quarterly fluctuations of revenue and profitability as normal elements of our
business. Amounts may not foot due to rounding.

(2) Synopsys' third quarter of fiscal year 2023 and 2022 ended on July 29, 2023 and July 30, 2022, respectively. For presentation purposes, we refer to the
closest calendar month end.

(3) These segments results are consistent with the information required by ASC 280, Segment Reporting. Synopsys' chief operating decision maker (CODM) is
our Chief Executive Officer. The CODM does not allocate certain operating expenses managed at a consolidated level to our reportable segments and, as a
result, the reported operating income and operating margin do not include these unallocated expenses as shown in the table above.

(4) The adjustment includes non-GAAP expenses attributable to non-controlling interest and redeemable non-controlling interest.

INVESTOR CONTACT:
Trey Campbell
Synopsys, Inc.
650-584-4289
Email Contact 

EDITORIAL CONTACT:
Cara Walker
Synopsys, Inc.
650-584-5000
Email Contact 

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/synopsys-posts-financial-results-for-third-quarter-fiscal-year-2023-301902862.html

SOURCE Synopsys, Inc.

Contact:
Company Name: Synopsys, Inc.
Financial data for Synopsys, Inc.



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