What is the main purpose of this 8-K/A filing?

This filing is an amendment to a previous 8-K and its main purpose is to provide the financial statements of Avant! Corporation, a company acquired by Synopsys Inc., as well as pro forma financial information of the combined entities. This is to comply with disclosure requirements following the acquisition.

What financial information is included for Avant! Corporation?

The filing includes historical financial statements for Avant! Corporation, covering periods including December 31, 2001, and the years 1999-2001, as well as unaudited financial data for the three months ended March 31, 2002.

What does 'pro forma' financial information mean in this context?

The pro forma financial information presents the combined financial statements of Synopsys and Avant! as if the acquisition had occurred at an earlier specified date. This helps investors understand the potential financial performance and position of the combined company.

Are there any significant legal or financial risks disclosed in this filing?

While this specific amendment focuses on financial statements related to the acquisition, Avant!'s historical financials (included in the exhibits) detail significant litigation matters, particularly the Avant!/Cadence litigation and related criminal actions, which resulted in substantial fines and restitution payments for Avant!. Investors should review the detailed financial statements for a full understanding of these historical risks.

SNPS 8-K SEC Disclosure

Summary

This filing is an amendment to a previous Form 8-K filed by Synopsys Inc. (SNPS) on June 6, 2002. The amendment, filed on July 29, 2002, primarily concerns the inclusion of financial statements related to the acquisition of Avant! Corporation. Specifically, it provides historical financial statements for Avant! Corporation and pro forma financial information combining Synopsys and Avant!. For investors, the key takeaway is the provision of detailed financial data for Avant!, which was acquired by Synopsys. This includes audited financial statements for Avant! for the years ended December 31, 2001, 2000, and 1999, as well as unaudited financials for the three months ended March 31, 2002. Additionally, pro forma condensed combined financial statements offer a view of the combined entity's financial position as of April 30, 2002, and its performance for the year ended October 31, 2001, and the six months ended April 30, 2002. This data is crucial for understanding the financial impact of the Avant! acquisition on Synopsys.

Key Highlights

1This is an Amendment (8-K/A) to a previous 8-K filing, filed on July 29, 2002.
2The amendment provides historical financial statements for Avant! Corporation as of December 31, 2001, and for the three years ended December 31, 2001, as well as for the period ending March 31, 2002.
3It also includes historical financial statements for Forefront Venture Partners, L.P. for the years ended December 31, 2001, 2000, and 1999.
4Unaudited pro forma condensed combined financial statements for Synopsys and Avant! are provided as of April 30, 2002, for the year ended October 31, 2001, and for the six months ended April 30, 2002.
5The filing includes consents from independent accountants for PricewaterhouseCoopers LLP, KPMG, LLP, and BDO Seidman, LLP, related to the audited financial statements of Avant! and Forefront Venture Partners.
6The primary purpose of the amendment is to provide the necessary financial disclosures related to the acquisition of Avant! Corporation by Synopsys, Inc.

SYNOPSYS INC 8-K/A Report (Jul 30, 2002)

Summary

Key Highlights

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