Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Synopsys Inc., consolidated income statement

US$ in thousands

12 months ended:	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Time-based products	3,224,299)	3,383,632)	2,993,786)	2,633,763)	2,365,199)	2,197,965)
Upfront products	1,802,222)	1,429,330)	1,226,728)	861,063)	735,572)	619,791)
Products revenue	5,026,521)	4,812,962)	4,220,514)	3,494,826)	3,100,771)	2,817,756)
Maintenance and service	1,100,915)	1,029,657)	861,028)	709,367)	584,510)	542,938)
Revenue	6,127,436)	5,842,619)	5,081,542)	4,204,193)	3,685,281)	3,360,694)
Products	(770,238)	(763,494)	(653,783)	(542,114)	(487,307)	(459,127)
Maintenance and service	(367,055)	(383,835)	(342,978)	(271,202)	(254,931)	(234,196)
Amortization of intangible assets	(107,996)	(74,864)	(66,936)	(48,461)	(52,452)	(59,623)
Cost of revenue	(1,245,289)	(1,222,193)	(1,063,697)	(861,777)	(794,690)	(752,946)
Gross margin	4,882,147)	4,620,426)	4,017,845)	3,342,416)	2,890,591)	2,607,748)
Research and development	(2,082,360)	(1,946,813)	(1,680,379)	(1,504,823)	(1,279,022)	(1,136,932)
Sales and marketing	(859,342)	(889,016)	(779,777)	(712,491)	(632,010)	(632,890)
General and administrative	(568,496)	(410,311)	(353,840)	(322,988)	(284,530)	(229,218)
Amortization of acquired intangible assets	(16,238)	(28,025)	(29,754)	(33,919)	(38,829)	(41,291)
Restructuring charges	—)	(77,002)	(12,057)	(33,405)	(36,059)	(47,186)
Operating expenses	(3,526,436)	(3,351,167)	(2,855,807)	(2,607,626)	(2,270,450)	(2,087,517)
Operating income	1,355,711)	1,269,259)	1,162,038)	734,790)	620,141)	520,231)
Interest income	67,017)	36,674)	8,545)	2,442)	3,561)	6,859)
Interest expense	(35,161)	(1,178)	(1,698)	(3,365)	(5,140)	(11,659)
Gains (losses) on assets related to deferred compensation plan	85,446)	20,488)	(68,778)	71,603)	21,469)	27,759)
Gain on sale of strategic investments	55,077)	—)	—)	—)	—)	—)
Foreign currency exchange gains (losses)	6,294)	(1,529)	4,694)	5,292)	5,544)	3,588)
Other, net	(20,526)	(21,932)	10,713)	(5,248)	(7,416)	(1,272)
Other income (expense), net	158,147)	32,523)	(46,524)	70,724)	18,018)	25,275)
Income before income taxes	1,513,858)	1,301,782)	1,115,514)	805,514)	638,159)	545,506)
(Provision) benefit for income taxes	(99,718)	(83,657)	(137,078)	(49,155)	25,288)	(13,139)
Net income from continuing operations	1,414,140)	1,218,125)	978,436)	756,359)	663,447)	532,367)
Income from discontinued operations, net of income taxes	821,670)	—)	—)	—)	—)	—)
Net income	2,235,810)	1,218,125)	978,436)	756,359)	663,447)	532,367)
Net loss attributed to non-controlling interest and redeemable non-controlling interest	27,570)	11,763)	6,158)	1,157)	900)	—)
Net income attributed to Synopsys	2,263,380)	1,229,888)	984,594)	757,516)	664,347)	532,367)

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).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Synopsys Inc. revenue increased from 2022 to 2023 and from 2023 to 2024.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Synopsys Inc. operating income increased from 2022 to 2023 and from 2023 to 2024.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Synopsys Inc. income before income taxes increased from 2022 to 2023 and from 2023 to 2024.
Net income attributed to Synopsys	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Synopsys Inc. net income attributed to Synopsys increased from 2022 to 2023 and from 2023 to 2024.

Synopsys Inc. (NASDAQ:SNPS)

Income Statement