SYNOPSYS, INC.

Unaudited Condensed Consolidated Balance Sheets ⁽¹⁾

(in thousands, except par value amounts)

July 31, 2024

October 31, 2023

ASSETS:

Current assets:

  Cash and cash equivalents

$           1,839,815

$           1,433,966

  Short-term investments

154,431

151,639

          Total cash, cash equivalents and short-term investments

1,994,246

1,585,605

  Accounts receivable, net

805,198

856,660

  Inventories

386,009

325,590

  Prepaid and other current assets

914,598

548,115

  Current assets held for sale

1,027,702

114,654

          Total current assets

5,127,753

3,430,624

Property and equipment, net

571,408

549,837

Operating lease right-of-use assets, net

556,593

559,923

Goodwill

3,444,349

3,346,065

Intangible assets, net

266,092

239,577

Deferred income taxes

1,102,716

853,526

Other long-term assets

579,773

444,820

Long-term assets held for sale

—

908,759

           Total assets

$         11,648,684

$         10,333,131

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

Current liabilities:

  Accounts payable and accrued liabilities

$              756,983

$           1,059,914

  Operating lease liabilities

89,869

79,832

  Deferred revenue

1,356,804

1,559,461

  Current liabilities held for sale

331,294

286,244

           Total current liabilities

2,534,950

2,985,451

Long-term operating lease liabilities

568,407

579,686

Long-term deferred revenue

319,080

150,827

Long-term debt

15,599

18,078

Other long-term liabilities

465,233

381,531

Long-term liabilities held for sale

—

33,257

           Total liabilities

3,903,269

4,148,830

Redeemable non-controlling interest

31,043

31,043

Stockholders' equity:

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

—

—

  Common stock, $0.01 par value: 400,000 shares authorized; 153,613 and
152,053 shares outstanding, respectively

1,536

1,521

  Capital in excess of par value

1,192,363

1,276,152

  Retained earnings

7,884,044

6,741,699

  Treasury stock, at cost: 3,648 and 5,207 shares, respectively

(1,188,435)

(1,675,650)

  Accumulated other comprehensive income (loss)

(180,112)

(196,414)

           Total Synopsys stockholders' equity

7,709,396

6,147,308

Non-controlling interest

4,976

5,950

           Total stockholders' equity

7,714,372

6,153,258

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

$         11,648,684

$         10,333,131

(1) Synopsys' third quarter of fiscal year 2024 ended on August 3, 2024 and its fiscal year 2023 ended on October 28, 2023,
respectively. For presentation purposes, we refer to the closest calendar month end. The first quarter of fiscal year 2024
included one extra week.