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

The main purpose of this 8-K filing is to publicly disclose Synopsys Inc.'s financial results for its first fiscal quarter ended February 2, 2013, through an attached press release.

What are non-GAAP financial measures, and why does Synopsys use them?

Non-GAAP financial measures are financial metrics that exclude certain items from GAAP (Generally Accepted Accounting Principles) calculations. Synopsys uses them to provide a more meaningful view of its operational performance, liquidity, and ability to invest. They exclude items like amortization of acquired intangibles and stock compensation, which are considered non-cash or not reflective of core operations.

What specific items does Synopsys exclude when calculating its non-GAAP results?

Synopsys typically excludes amortization of acquired intangible assets, the impact of stock compensation expenses, acquisition-related costs (including integration and restructuring expenses), and certain other significant or infrequent items such as facility restructuring charges and tax settlements.

Are the non-GAAP measures presented in this filing considered a substitute for GAAP measures?

No, Synopsys states that its non-GAAP measures are not a substitute for GAAP measures. They are intended to supplement and be viewed in conjunction with GAAP financial measures to provide investors with a more comprehensive understanding of the company's financial condition and results of operations.

SNPS 8-K: Earnings & Results

Summary

This 8-K filing from Synopsys Inc., dated February 20, 2013, reports the financial results for its first fiscal quarter ended February 2, 2013. The filing primarily incorporates by reference a press release announcing these results, which includes both GAAP and non-GAAP financial metrics. Investors should note Synopsys' detailed explanation of its use of non-GAAP financial measures. These measures, which exclude items such as amortization of acquired intangibles, stock compensation, acquisition-related costs, and certain other significant or infrequent items, are presented to provide supplemental insights into operational performance and underlying business trends. Management utilizes these non-GAAP figures to assess core profitability, make operational decisions, and facilitate comparisons with historical results and competitors.

Key Highlights

1Synopsys Inc. reported its financial results for the first fiscal quarter ended February 2, 2013, via a press release attached to this 8-K filing.
2The filing emphasizes the company's use of non-GAAP financial measures to provide a clearer view of operational performance.
3Key non-GAAP adjustments include the exclusion of amortization of acquired intangible assets and stock compensation expenses.
4Acquisition-related costs, such as restructuring and integration expenses, are also excluded from non-GAAP calculations.
5Synopsys believes these non-GAAP measures offer valuable insights into its ongoing operations, liquidity, and investment capacity.
6The company uses non-GAAP metrics for internal budgeting, resource allocation, and performance comparisons.
7The press release, incorporated by reference, contains the specific financial details of the quarter's results.

SYNOPSYS INC 8-K Report, Financial Results (Feb 20, 2013)

Summary

Key Highlights

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