Synopsys (SNPS) FY2023 results: revenue $5.3 billion, up 15.2% on the year
Synopsys Inc. (SNPS) reported revenue of $5.3 billion for fiscal 2023, the year ended 31 October 2023, up 15.2% on the year before. Net income was $1.2 billion, up 24.9%, and diluted earnings per share $7.92. The figures are the company's own, from the 10-K it filed with the SEC on 12 December 2023.
Revenue
$5.3 billion
+15.2% on the year
FY2016FY2023
Operating margin
23.9%
24.9% a year earlier
FY2016FY2023
Net income
$1.2 billion
+24.9% on the year
FY2016FY2023
Diluted EPS
$7.92
+25.9% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,703
1,739
1,493
-2.0%
Capital expenditure
190
137
93.8
+38.8%
Free cash flow
1,514
1,602
1,399
-5.5%
Free cash flow margin
28.5%
34.7%
33.3%
Cash from investing
-482
-573
-549
Cash from financing
-1,197
-1,116
-749
Depreciation and amortisation
247
228
204
+8.2%
Share-based compensation
563
459
345
+22.7%
Buybacks
1,161
1,100
753
+5.5%
Diluted shares, weighted
155m
156m
157m
-0.8%
Shares outstanding at period end
152m
152m
153m
-0.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,147
5,516
5,295
+11.5%
Non-controlling interest
6.0
4.8
3.8
+23.9%
Redeemable equity
31.0
38.7
0.0
-19.7%
Debt
18.1
20.8
100
-13.2%
Operating lease liabilities
580
581
487
-0.3%
Other liabilities
3,551
3,257
2,866
+9.0%
Total liabilities and equity
10,333
9,418
8,752
+9.7%
Fixed assets
550
483
472
+13.8%
Goodwill
3,346
3,121
3,576
+7.2%
Intangible assets
240
386
279
-38.0%
Investments
152
148
148
+2.5%
Cash and equivalents
1,434
1,418
1,433
+1.2%
Receivables
857
796
569
+7.6%
Inventory
326
212
229
+53.6%
Other assets
3,430
2,854
2,047
+20.2%
Total assets
10,333
9,418
8,752
+9.7%
10-K for the year ended 31 October 2023, filed 12 December 2023: the filing.