Synopsys (SNPS) FY2021 results: revenue $4.2 billion, up 14.1% on the year
Synopsys Inc. (SNPS) reported revenue of $4.2 billion for fiscal 2021, the year ended 31 October 2021, up 14.1% on the year before. Net income was $758 million, up 14.0%, and diluted earnings per share $4.81. The figures are the company's own, from the 10-K it filed with the SEC on 13 December 2021.
Revenue
$4.2 billion
+14.1% on the year
FY2014FY2021
Operating margin
17.5%
16.8% a year earlier
FY2014FY2021
Net income
$758 million
+14.0% on the year
FY2014FY2021
Diluted EPS
$4.81
+12.6% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,493
991
801
+50.6%
Capital expenditure
93.8
155
198
-39.4%
Free cash flow
1,399
837
602
+67.2%
Free cash flow margin
33.3%
22.7%
17.9%
Cash from investing
-549
-360
-236
Cash from financing
-749
-141
-562
Depreciation and amortisation
204
210
202
-3.0%
Share-based compensation
345
249
155
+38.9%
Buybacks
753
242
329
+211.1%
Diluted shares, weighted
157m
156m
154m
+1.0%
Shares outstanding at period end
153m
153m
150m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
5,295
4,907
4,083
+7.9%
Non-controlling interest
3.8
5.0
5.9
-23.3%
Redeemable equity
0.0
n/a
n/a
Debt
100
128
138
-21.8%
Operating lease liabilities
487
462
0.0
+5.3%
Other liabilities
2,866
2,527
2,179
+13.4%
Total liabilities and equity
8,752
8,030
6,405
+9.0%
Fixed assets
472
484
430
-2.4%
Goodwill
3,576
3,365
3,171
+6.3%
Intangible assets
279
254
279
+9.8%
Investments
148
0.0
n/a
Cash and equivalents
1,433
1,236
729
+16.0%
Receivables
569
781
554
-27.2%
Inventory
229
192
142
+19.1%
Other assets
2,047
1,718
1,101
+19.1%
Total assets
8,752
8,030
6,405
+9.0%
10-K for the year ended 31 October 2021, filed 13 December 2021: the filing.