(1) Synopsys' third quarter of fiscal year 2020 and 2019 ended on August 1, 2020 and August 3, 2019, respectively. For presentation purposes, we refer to the closest calendar month end.

SYNOPSYS, INC.

Unaudited Consolidated Balance Sheets ⁽¹⁾

(in thousands, except par value amounts)

July 31, 2020

October 31, 2019

ASSETS:

Current assets:

  Cash and cash equivalents

$                    1,049,922

$                       728,597

  Accounts receivable, net

638,489

553,895

  Inventories, net

159,813

141,518

  Income taxes receivable and prepaid taxes

20,960

24,855

  Prepaid and other current assets

316,831

290,052

          Total current assets

2,186,015

1,738,917

Property and equipment, net

484,529

429,532

Operating lease right-of-use assets, net

472,244

-

Goodwill

3,356,407

3,171,179

Intangible assets, net

275,338

279,374

Long-term prepaid taxes

8,279

15,503

Deferred income taxes

463,894

390,129

Other long-term assets

416,544

380,526

           Total assets

$                    7,663,250

$                    6,405,160

LIABILITIES AND STOCKHOLDERS' EQUITY:

Current liabilities:

  Accounts payable and accrued liabilities

$                       549,906

$                       506,459

  Operating lease liabilities, current

71,861

-

  Accrued income taxes

20,653

15,904

  Deferred revenue

1,389,609

1,212,476

  Short-term debt

24,248

17,614

           Total current liabilities

2,056,277

1,752,453

Operating lease liabilities, non-current

470,215

-

Long-term accrued income taxes

27,011

29,911

Long-term deferred revenue

111,915

90,102

Long-term debt

107,104

120,093

Other long-term liabilities

289,411

323,725

           Total liabilities

3,061,933

2,316,284

Stockholders' equity:

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

-

-

  Common stock, $0.01 par value: 400,000 shares authorized; 151,758 and 150,331 shares outstanding, respectively

1,519

1,503

  Capital in excess of par value

1,623,586

1,635,455

  Retained earnings

3,597,944

3,164,144

  Treasury stock, at cost: 5,503 and 6,930 shares, respectively

(554,304)

(625,642)

  Accumulated other comprehensive income (loss) 

(72,820)

(92,447)

           Total Synopsys stockholders' equity

4,595,925

4,083,013

Non-controlling interest

5,392

5,863

           Total stockholders' equity

4,601,317

4,088,876

           Total liabilities and stockholders' equity

$                    7,663,250

$                    6,405,160