Synopsys (SNPS) FY2012 results: revenue $1.8 billion, up 14.4% on the year
Synopsys Inc. (SNPS) reported revenue of $1.8 billion for fiscal 2012, the year ended 31 October 2012, up 14.4% on the year before. Net income was $182 million, down 17.8%, and diluted earnings per share $1.21. The figures are the company's own, from the 10-K it filed with the SEC on 20 December 2012.
Revenue
$1.8 billion
+14.4% on the year
FY2008FY2012
Operating margin
10.8%
13.9% a year earlier
FY2008FY2012
Net income
$182 million
-17.8% on the year
FY2008FY2012
Diluted EPS
$1.21
-17.7% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,756
1,536
1,381
+14.4%
Cost of revenue
393
340
281
+15.3%
Gross profit
1,363
1,195
1,100
+14.1%
Gross margin
77.6%
77.8%
79.6%
Research and development
582
492
449
+18.2%
Operating income
190
213
184
-10.7%
Operating margin
10.8%
13.9%
13.3%
Interest expense
2.0
0.1
0.3
+1,871.3%
Pre-tax income
201
219
199
-8.2%
Income tax
18.7
-2.3
-38.4
Effective tax rate
9.3%
-1.0%
-19.3%
Net income
182
221
237
-17.8%
Net margin
10.4%
14.4%
17.2%
Diluted EPS
$1.21
$1.47
$1.56
-17.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
486
440
341
+10.4%
Capital expenditure
54.2
57.3
39.2
-5.5%
Free cash flow
432
383
302
+12.8%
Free cash flow margin
24.6%
24.9%
21.9%
Cash from investing
-879
-88.8
-239
Cash from financing
243
-278
-43.1
Depreciation and amortisation
157
129
101
+22.0%
Share-based compensation
71.4
56.4
60.0
+26.6%
Buybacks
40.0
402
185
-90.0%
Diluted shares, weighted
150m
150m
152m
-0.1%
Shares outstanding at period end
151m
143m
148m
+5.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
2,502
2,101
2,100
+19.1%
Non-controlling interest
42.3
n/a
n/a
Debt
135
0.0
0.0
Other liabilities
1,469
1,266
1,186
+16.0%
Total liabilities and equity
4,148
3,367
3,287
+23.2%
Fixed assets
191
160
149
+19.9%
Goodwill
1,977
1,289
1,266
+53.3%
Intangible assets
466
196
250
+137.9%
Investments
n/a
149
163
Cash and equivalents
700
855
775
-18.1%
Receivables
293
203
181
+44.1%
Other assets
520
515
503
+0.9%
Total assets
4,148
3,367
3,287
+23.2%
10-K for the year ended 31 October 2012, filed 20 December 2012: the filing.