Synopsys (SNPS) FY2022 results: revenue $4.6 billion, up 9.8% on the year
Synopsys Inc. (SNPS) reported revenue of $4.6 billion for fiscal 2022, the year ended 31 October 2022, up 9.8% on the year before. Net income was $985 million, up 30.0%, and diluted earnings per share $6.29. The figures are the company's own, from the 10-K it filed with the SEC on 12 December 2022.
Revenue
$4.6 billion
+9.8% on the year
FY2015FY2022
Operating margin
24.9%
17.5% a year earlier
FY2015FY2022
Net income
$985 million
+30.0% on the year
FY2015FY2022
Diluted EPS
$6.29
+30.8% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,739
1,493
991
+16.5%
Capital expenditure
137
93.8
155
+45.7%
Free cash flow
1,602
1,399
837
+14.5%
Free cash flow margin
34.7%
33.3%
22.7%
Cash from investing
-573
-549
-360
Cash from financing
-1,116
-749
-141
Depreciation and amortisation
228
204
210
+12.1%
Share-based compensation
459
345
249
+32.9%
Buybacks
1,100
753
242
+46.1%
Diluted shares, weighted
156m
157m
156m
-0.5%
Shares outstanding at period end
152m
153m
153m
-0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
5,516
5,295
4,907
+4.2%
Non-controlling interest
4.8
3.8
5.0
+26.1%
Redeemable equity
38.7
0.0
n/a
Debt
20.8
100
128
-79.2%
Operating lease liabilities
581
487
462
+19.4%
Other liabilities
3,257
2,866
2,527
+13.6%
Total liabilities and equity
9,418
8,752
8,030
+7.6%
Fixed assets
483
472
484
+2.3%
Goodwill
3,121
3,576
3,365
-12.7%
Intangible assets
386
279
254
+38.4%
Investments
148
148
0.0
-0.0%
Cash and equivalents
1,418
1,433
1,236
-1.1%
Receivables
796
569
781
+40.0%
Inventory
212
229
192
-7.5%
Other assets
2,854
2,047
1,718
+39.4%
Total assets
9,418
8,752
8,030
+7.6%
10-K for the year ended 31 October 2022, filed 12 December 2022: the filing.