Synopsys (SNPS) FY2016 results: revenue $2.4 billion, up 8.0% on the year
Synopsys Inc. (SNPS) reported revenue of $2.4 billion for fiscal 2016, the year ended 31 October 2016, up 8.0% on the year before. Net income was $267 million, up 18.1%, and diluted earnings per share $1.73. The figures are the company's own, from the 10-K it filed with the SEC on 12 December 2016.
Revenue
$2.4 billion
+8.0% on the year
FY2009FY2016
Operating margin
13.1%
11.9% a year earlier
FY2009FY2016
Net income
$267 million
+18.1% on the year
FY2009FY2016
Diluted EPS
$1.73
+21.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,423
2,242
2,057
+8.0%
Cost of revenue
543
519
457
+4.6%
Gross profit
1,880
1,723
1,601
+9.1%
Gross margin
77.6%
76.9%
77.8%
Research and development
857
776
719
+10.4%
Operating income
317
266
249
+19.1%
Operating margin
13.1%
11.9%
12.1%
Interest expense
3.8
2.8
1.9
+34.0%
Pre-tax income
330
282
272
+17.0%
Income tax
62.7
55.7
13.0
+12.7%
Effective tax rate
19.0%
19.8%
4.8%
Net income
267
226
259
+18.1%
Net margin
11.0%
10.1%
12.6%
Diluted EPS
$1.73
$1.43
$1.64
+21.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
587
495
551
+18.5%
Capital expenditure
66.9
87.0
103
-23.1%
Free cash flow
520
408
448
+27.3%
Free cash flow margin
21.5%
18.2%
21.8%
Cash from investing
n/a
n/a
-497
Cash from financing
n/a
n/a
-73.7
Depreciation and amortisation
207
212
193
-2.3%
Share-based compensation
97.6
86.4
79.4
+12.9%
Buybacks
400
260
120
+53.8%
Diluted shares, weighted
155m
158m
158m
-2.1%
Shares outstanding at period end
151m
155m
156m
-2.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
3,195
3,134
3,056
+2.0%
Non-controlling interest
0.0
n/a
n/a
Debt
205
205
75.0
0.0%
Other liabilities
1,840
1,707
1,644
+7.8%
Total liabilities and equity
5,240
5,046
4,775
+3.9%
Fixed assets
257
263
249
-2.3%
Goodwill
2,518
2,471
2,256
+1.9%
Intangible assets
267
364
365
-26.7%
Investments
141
129
0.0
+9.3%
Cash and equivalents
977
836
986
+16.8%
Receivables
439
386
327
+13.8%
Other assets
642
597
593
+7.6%
Total assets
5,240
5,046
4,775
+3.9%
10-K for the year ended 31 October 2016, filed 12 December 2016: the filing.