SYNOPSYS, INC. SNPS Cash Flow

Synopsys, inc. (SNPS)

CashFlow / Quarterly

Apr'20	Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10
Net Income (Loss) Attributable to Parent
109,920	104,061	160,714	99,929	118,210	153,514	254,328	79,409	102,472	-3,691	-120,082	116,751	53,306	86,588	72,697	64,718	69,376	60,035	49,762	55,387	55,596	65,189	62,455	65,656	63,317	67,696	56,890	52,297	68,691	69,922	29,081	75,656	20,971	56,694	39,942	52,082	81,114	48,226	25,401	39,327	39,549	132,786
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization and depreciation
52,846	52,232	49,543	49,292	51,011	51,830	58,962	53,416	52,909	43,920	45,330	47,068	47,580	49,464	49,218	50,588	50,790	56,436	57,286	52,484	51,522	50,529	52,076	49,165	47,871	43,714	45,648	47,602	47,090	47,064	41,764	40,214	42,897	31,965	31,591	31,961	33,322	31,676	29,429	21,554	24,566	25,652
Reduction of operating lease right-of-use assets
16,312	23,201	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of capitalized costs to obtain revenue contracts
14,500	13,800	-	17,800	15,600	12,800	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
56,435	51,883	40,175	39,452	36,914	38,460	37,492	37,252	32,965	32,323	28,597	28,301	25,562	25,834	25,540	25,571	23,459	23,013	22,937	22,599	20,283	20,581	21,099	21,400	18,823	18,118	17,792	16,490	15,529	17,700	17,336	17,225	20,605	16,248	14,984	13,516	12,667	15,247	14,774	14,514	13,466	17,234
Allowance for doubtful accounts
5,121	4,861	2,719	5,000	2,450	1,500	0	1	2,999	368	860	610	450	229	300	200	200	250	200	500	300	300	-500	-500	150	-400	-799	0	-1,182	2,083	2,781	521	-45	497	148	187	173	550	-48	-109	-385	-357
(Gain) loss on sale of property and investments
-	-	-	-	-	-	-	-	-	-	-	0	0	1	0	0	0	-3	0	0	0	12	0	0	0	6,529	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	112
Write-down of long-term investments
-	-	-	-	-	-	-	-	-	-	0	0	0	1,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	91	908	-	-	-	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-19,987	-17,694	-72,956	13,822	-17,271	-6,215	-215,819	-33,369	-7,294	46,172	134,012	-14,299	-9,650	12,989	-16,784	12,731	-6,029	-3,955	12,749	-3,502	27,794	-158	-24,559	-1,807	3,375	5,891	-7,948	-953	13,125	-4,900	2,297	520	-4,500	14,533	27,169	-3,952	-4,310	3,371	69,653	7,252	13,127	-51,676
Net changes in operating assets and liabilities, net of acquired assets and liabilities:
Accounts receivable
-161,831	246,364	97,945	-65,892	-232,527	209,049	54,090	-63,762	70,646	34,811	40,117	38,685	41,094	-122,192	120,801	16,087	-63,254	-30,365	73,509	-33,467	57,348	-40,857	89,852	-84,411	67,487	-7,910	-29,383	31,080	-18,946	-20,341	67,796	-25,917	414	11,102	25,754	-35,684	39,518	-10,614	-2,979	-1,445	5,790	14,836
Inventories
18,794	5,302	-20,188	-10,927	34,531	15,827	18,069	7,443	25,186	15,811	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid and other current assets
14,586	-8,697	11,555	19,677	8,520	10,027	2,886	3,324	-8,062	14,504	-2,688	345	-11,602	24,893	-17,372	-267	-4,617	27,825	-12,730	1,252	-8,276	42,860	-854	-5,539	-9,078	13,635	-2,554	-12,885	4,173	23,329	-9,083	-9,558	-5,530	8,972	5,885	-1,288	-5,938	14,786	-12,135	358	215	6,924
Other long-term assets
11,690	27,732	10,551	23,073	41,868	49,403	-5,744	9,924	-3,873	25,601	6,773	9,395	10,090	13,931	-4,348	8,774	8,352	-9,008	118	2,782	5,762	7,597	4,423	5,091	7,061	6,695	7,176	3,768	6,040	10,484	3,085	-982	4,671	3,457	-3,433	-3,977	6,738	4,920	3,453	-1,527	2,869	1,128
Accounts payable and accrued liabilities
53,825	-132,814	25,920	115,292	58,607	-219,099	105,534	75,272	8,101	-139,864	101,502	59,470	105,975	-129,316	60,726	66,256	37,224	-145,229	53,080	36,630	63,178	-125,320	68,915	54,865	51,767	-134,902	47,053	49,381	54,638	-152,207	58,450	32,901	45,165	-93,556	9,877	52,035	13,956	-83,276	31,836	47,402	4,825	-73,497
Operating lease liabilities
11,453	20,979	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
-3,769	5,039	26,740	25,096	9,926	-41,985	-68,827	9,563	-26,560	-18,017	38,834	-7,733	2,765	-14,201	10,412	-6,803	8,663	-5,174	-28,245	6,444	-13,053	-14,024	9,855	-3,929	-4,953	-10,068	-1,831	2,099	-977	-1,597	-10,743	-23,934	-3,275	-5,161	-19,379	1,892	-24,061	-16,829	-62,607	-61,090	1,325	28,320
Deferred revenue
-10,609	196,969	71,737	-28,986	-66,523	149,489	28,549	24,551	-18,229	70,458	18,048	98,111	-63,431	-69,372	76,709	63,047	-20,755	-32,097	45,632	75,037	4,298	-74,828	77,453	70,430	-3,077	-44,992	10,536	118,125	-71,816	-56,031	23,764	115,969	4,860	-37,007	-2,993	122,544	23,904	-30,414	-22,326	77,388	-996	-44,239
Net cash provided by operating activities
379,919	9,820	221,249	370,463	352,820	-144,019	130,918	289,166	63,369	-59,054	182,771	279,854	122,975	46,882	147,662	251,709	222,434	-35,170	152,417	275,007	155,079	-87,343	172,912	340,130	111,803	-73,892	191,335	263,078	133,730	-91,438	102,932	295,680	126,774	-39,318	73,026	310,435	96,488	-39,633	96,892	207,916	81,645	-45,417
Proceeds from sales and maturities of short-term investments
-	-	-	-	-	-	0	0	0	12,449	165,104	36,017	57,228	37,284	45,272	35,508	35,081	40,489	61,018	30,434	9,709	8,012	0	0	0	0	-	-	-	-	0	0	132,093	34,039	32,970	40,365	44,599	19,049	195,562	163,474	131,288	57,362
Purchases of short-term investments
-	-	-	-	-	-	-	-	-	-	17,612	43,304	58,844	35,338	42,496	47,137	44,146	34,933	53,500	30,658	26,317	128,427	0	0	0	0	-	-	-	-	0	0	0	18,179	34,774	43,176	25,478	23,957	33,951	77,816	73,110	58,638
Proceeds from sales of long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,624	161	0	0	0	0	461	9	513	6,791	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of long-term investments
262	2,500	3,245	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
26,058	54,605	75,771	53,396	39,955	29,007	28,507	21,857	20,296	28,316	20,101	19,032	13,017	18,178	18,660	19,349	13,563	15,337	19,257	23,729	24,372	19,607	45,190	28,184	15,548	14,353	17,835	18,198	15,446	13,980	21,473	13,133	8,569	11,016	14,509	22,236	10,383	10,217	11,630	13,800	5,756	8,037
Cash paid for acquisitions and intangible assets, net of cash acquired
75,790	75,388	36,605	0	0	0	5,956	3,150	35,193	608,344	71,578	0	0	187,624	0	13,956	27,159	18,941	213,270	124,580	2,303	0	21,110	5,548	367,065	900	-	-	-	-	385,671	19,890	558,905	5,623	35,633	1,862	779	2,741	363,148	6,809	127,745	3,127
Other
-	-	-	-	-	-	-	-	-	-	0	0	0	-2,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalization of software development costs
1,065	1,065	2,014	754	754	737	236	954	953	807	96	1,064	1,033	1,033	1,172	986	1,053	920	884	933	956	909	826	937	973	902	928	894	962	825	994	769	804	735	616	757	799	713	736	706	690	720
Net cash used in investing activities
-103,175	-133,558	-117,635	-51,965	-36,533	-29,744	-37,615	-26,112	-54,780	-625,018	55,717	-26,544	-15,666	-202,789	-17,056	-46,922	-49,216	-29,481	-225,893	-149,466	-43,339	-140,931	-67,153	-37,660	-383,073	-9,364	-17,996	-19,092	-14,186	-14,805	-408,138	-33,286	-436,185	-1,514	-49,734	-27,666	7,160	-18,579	-213,903	64,343	-76,013	-13,160
Principal payments on capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	409	1,075	3,289	807	1,081	36	3,282	655	655	83	2,263	602	744
Acquisition of non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	44,004	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from credit facilities
80,000	196,490	0	4,137	3,680	185,080	5,635	165,000	0	450,000	50,000	20,000	100,000	150,000	0	125,000	30,000	30,000	50,000	160,000	0	250,000	0	0	200,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of debt
174,687	3,750	3,751	153,750	253,750	112,812	157,813	67,813	47,812	21,875	341,875	1,875	1,875	35,000	72,500	97,500	7,500	7,500	57,501	167,500	82,701	22,723	7,729	207,742	7,749	7,748	7,737	7,738	7,618	7,619	-	-	-	-	-	-	-	-	-	-	-	-
Issuances of common stock
83,379	14,982	49,010	24,002	76,994	6,358	51,107	13,747	46,489	12,486	47,619	16,464	55,049	7,205	55,399	27,120	41,278	1,486	53,350	2,408	43,464	10,542	58,394	-7,990	31,745	21,581	41,385	15,336	59,578	15,615	47,340	17,376	70,074	41,106	42,354	10,983	56,379	52,464	58,088	14,031	65,077	8,133
Payments for taxes related to net share settlement of equity awards
2,863	14,242	4,834	39,136	2,580	10,593	3,136	30,753	1,636	10,247	1,354	27,318	1,171	6,887	844	19,737	770	5,211	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of equity forward contract
0	20,000	-20,000	0	20,000	0	-33,000	33,000	-20,000	20,000	20,000	-20,000	0	20,000	-25,000	5,000	-20,000	40,000	20,000	-36,000	0	36,000	-	-	0	0	-	-	-	-	-	-	-	20,000	-	-	-	-	-	-	-	-
Purchases of treasury stock
100,000	80,000	120,000	100,000	80,000	29,185	33,000	132,000	55,000	180,000	80,000	120,000	100,000	80,000	100,000	120,000	20,000	160,000	80,000	36,000	0	144,000	40,000	0	25,000	54,747	-	-	-	-	0	0	20,000	20,000	66,851	100,000	169,988	64,997	59,442	75,000	25,000	25,257
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
0	0	0	0	0	-762	0	1,759	0	0	-1,620	0	-1,041	559	-8,371	3,263	480	-1,030	3,567	0	-102	-14	-49	-4,302	-595	-111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities
-114,171	93,480	-59,575	-264,747	-275,656	38,086	-104,207	-83,060	-37,959	230,364	-347,230	-92,729	50,962	15,877	-101,316	-86,854	63,488	-182,255	-75,444	-5,092	-39,339	57,805	-11,031	-220,034	198,401	-41,025	-45,755	-31,270	15,457	-36,417	38,765	-93,413	298,111	25	-57,868	-92,299	-114,264	-13,188	-1,437	-63,232	39,475	-17,868
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-6,437	2,013	-2,193	1,882	-1,789	4,882	-7,260	-9,599	-5,782	11,555	29	3,080	5,345	-8,881	1,013	438	8,254	-6,296	-1,315	-2,871	-380	-18,469	-12,012	-1,023	1,449	-5,107	2,487	-1,364	-4,348	-7,357	3,056	-1,808	-3,445	-2,931	-233	5,384	4,036	-3,395	10,414	4,983	-2,166	1,322
Net change in cash, cash equivalents and restricted cash
156,136	-28,245	41,846	55,633	38,842	-130,795	-18,164	170,395	-35,152	-442,153	-108,713	163,661	163,616	-148,911	30,303	118,371	244,960	-253,202	-150,235	117,578	72,021	-188,938	82,716	81,413	-71,420	-129,388	130,071	211,352	130,653	-150,017	-263,385	167,173	-14,745	-43,738	-34,809	195,854	-6,580	-74,795	-108,034	214,010	42,941	-75,123