Synopsys Inc., adjustment to net income attributed to Synopsys

US$ in thousands

12 months ended:	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Net income attributed to Synopsys (as reported)	2,263,380)	1,229,888)	984,594)	757,516)	664,347)	532,367)
Add: Change in unrealized gains (losses) on available-for-sale securities, net of tax	1,460)	1,513)	(2,353)	(246)	—)	—)
Net income attributed to Synopsys (adjusted)	2,264,840)	1,231,401)	982,241)	757,270)	664,347)	532,367)

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Synopsys Inc., adjusted profitability ratios

	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Net Profit Margin
Reported net profit margin	36.94%	21.05%	19.38%	18.02%	18.03%	15.84%
Adjusted net profit margin	36.96%	21.08%	19.33%	18.01%	18.03%	15.84%
Return on Equity (ROE)
Reported ROE	25.17%	20.01%	17.85%	14.31%	13.54%	13.04%
Adjusted ROE	25.19%	20.03%	17.81%	14.30%	13.54%	13.04%
Return on Assets (ROA)
Reported ROA	17.31%	11.90%	10.45%	8.66%	8.27%	8.31%
Adjusted ROA	17.32%	11.92%	10.43%	8.65%	8.27%	8.31%

Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	Synopsys Inc. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	Synopsys Inc. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by total assets.	Synopsys Inc. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.

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	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
As Reported
Selected Financial Data (US$ in thousands)
Net income attributed to Synopsys	2,263,380)	1,229,888)	984,594)	757,516)	664,347)	532,367)
Revenue	6,127,436)	5,842,619)	5,081,542)	4,204,193)	3,685,281)	3,360,694)
Profitability Ratio
Net profit margin¹	36.94%	21.05%	19.38%	18.02%	18.03%	15.84%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income attributed to Synopsys	2,264,840)	1,231,401)	982,241)	757,270)	664,347)	532,367)
Revenue	6,127,436)	5,842,619)	5,081,542)	4,204,193)	3,685,281)	3,360,694)
Profitability Ratio
Adjusted net profit margin²	36.96%	21.08%	19.33%	18.01%	18.03%	15.84%

2024 Calculations

¹ Net profit margin = 100 × Net income attributed to Synopsys ÷ Revenue
= 100 × 2,263,380 ÷ 6,127,436 = 36.94%

² Adjusted net profit margin = 100 × Adjusted net income attributed to Synopsys ÷ Revenue
= 100 × 2,264,840 ÷ 6,127,436 = 36.96%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	Synopsys Inc. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
As Reported
Selected Financial Data (US$ in thousands)
Net income attributed to Synopsys	2,263,380)	1,229,888)	984,594)	757,516)	664,347)	532,367)
Total Synopsys stockholders’ equity	8,990,702)	6,147,308)	5,515,725)	5,295,137)	4,907,404)	4,083,013)
Profitability Ratio
ROE¹	25.17%	20.01%	17.85%	14.31%	13.54%	13.04%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income attributed to Synopsys	2,264,840)	1,231,401)	982,241)	757,270)	664,347)	532,367)
Total Synopsys stockholders’ equity	8,990,702)	6,147,308)	5,515,725)	5,295,137)	4,907,404)	4,083,013)
Profitability Ratio
Adjusted ROE²	25.19%	20.03%	17.81%	14.30%	13.54%	13.04%

2024 Calculations

¹ ROE = 100 × Net income attributed to Synopsys ÷ Total Synopsys stockholders’ equity
= 100 × 2,263,380 ÷ 8,990,702 = 25.17%

² Adjusted ROE = 100 × Adjusted net income attributed to Synopsys ÷ Total Synopsys stockholders’ equity
= 100 × 2,264,840 ÷ 8,990,702 = 25.19%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	Synopsys Inc. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.

	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
As Reported
Selected Financial Data (US$ in thousands)
Net income attributed to Synopsys	2,263,380)	1,229,888)	984,594)	757,516)	664,347)	532,367)
Total assets	13,073,561)	10,333,131)	9,418,087)	8,752,260)	8,030,062)	6,405,160)
Profitability Ratio
ROA¹	17.31%	11.90%	10.45%	8.66%	8.27%	8.31%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income attributed to Synopsys	2,264,840)	1,231,401)	982,241)	757,270)	664,347)	532,367)
Total assets	13,073,561)	10,333,131)	9,418,087)	8,752,260)	8,030,062)	6,405,160)
Profitability Ratio
Adjusted ROA²	17.32%	11.92%	10.43%	8.65%	8.27%	8.31%

2024 Calculations

¹ ROA = 100 × Net income attributed to Synopsys ÷ Total assets
= 100 × 2,263,380 ÷ 13,073,561 = 17.31%

² Adjusted ROA = 100 × Adjusted net income attributed to Synopsys ÷ Total assets
= 100 × 2,264,840 ÷ 13,073,561 = 17.32%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by total assets.	Synopsys Inc. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.

Synopsys Inc. (NASDAQ:SNPS)

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