Synopsys (SNPS) FY2018 results: revenue $3.1 billion, up 14.5% on the year
Synopsys Inc. (SNPS) reported revenue of $3.1 billion for fiscal 2018, the year ended 31 October 2018, up 14.5% on the year before. Net income was $433 million, up 216.7%, and diluted earnings per share $2.82. The figures are the company's own, from the 10-K it filed with the SEC on 17 December 2018.
Revenue
$3.1 billion
+14.5% on the year
FY2011FY2018
Operating margin
11.5%
12.8% a year earlier
FY2011FY2018
Net income
$433 million
+216.7% on the year
FY2011FY2018
Diluted EPS
$2.82
+220.5% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
3,121
2,725
2,423
+14.5%
Cost of revenue
736
654
543
+12.5%
Gross profit
2,385
2,071
1,880
+15.2%
Gross margin
76.4%
76.0%
77.6%
Research and development
1,085
909
857
+19.4%
Operating income
360
348
317
+3.6%
Operating margin
11.5%
12.8%
13.1%
Interest expense
15.6
7.3
3.8
+113.7%
Pre-tax income
364
383
330
-5.1%
Income tax
-69.0
247
62.7
Effective tax rate
-19.0%
64.4%
19.0%
Net income
433
137
267
+216.7%
Net margin
13.9%
5.0%
11.0%
Diluted EPS
$2.82
$0.88
$1.73
+220.5%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
424
632
587
-32.9%
Capital expenditure
99.0
70.3
66.9
+40.7%
Free cash flow
325
562
520
-42.1%
Free cash flow margin
10.4%
20.6%
21.5%
Cash from investing
-744
-189
n/a
Cash from financing
5.1
-373
n/a
Depreciation and amortisation
209
189
207
+10.4%
Share-based compensation
140
108
97.6
+29.3%
Buybacks
400
380
400
+5.3%
Diluted shares, weighted
153m
155m
155m
-1.0%
Shares outstanding at period end
149m
150m
151m
-0.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
3,479
3,276
3,195
+6.2%
Non-controlling interest
5.9
4.1
0.0
+42.9%
Debt
469
144
205
+225.9%
Other liabilities
2,192
1,973
1,840
+11.1%
Total liabilities and equity
6,146
5,396
5,240
+13.9%
Fixed assets
309
266
257
+16.3%
Goodwill
3,143
2,707
2,518
+16.1%
Intangible assets
360
254
267
+42.0%
Investments
n/a
0.0
141
Cash and equivalents
723
1,048
977
-31.0%
Receivables
554
451
439
+22.8%
Inventory
122
61.9
n/a
+97.8%
Other assets
933
608
642
+53.4%
Total assets
6,146
5,396
5,240
+13.9%
10-K for the year ended 31 October 2018, filed 17 December 2018: the filing.