8-KEarnings & ResultsExhibits & Filings

SYNOPSYS INC 8-K Report, Financial Results (Aug 19, 2015)

Filed August 19, 2015For Securities:SNPS

Summary

This 8-K filing from Synopsys, Inc. (SNPS) on August 19, 2015, primarily serves to furnish the press release announcing the company's financial results for its third fiscal quarter ended August 1, 2015. The filing highlights that Synopsys is reporting both GAAP and non-GAAP financial measures, with a detailed explanation of the adjustments made for non-GAAP reporting. These adjustments include excluding amortization of acquired intangible assets, stock compensation expenses, acquisition-related costs, other significant items like restructuring charges, and certain income tax effects. Investors should note that the press release, while incorporated by reference, is not deemed "filed" for certain SEC liability purposes. The company emphasizes that its management uses these non-GAAP measures to evaluate operational performance and make strategic decisions, believing they offer valuable insights into operational trends and liquidity when viewed alongside GAAP measures. The core focus of the filing is to provide investors with detailed financial performance information for the quarter and transparency into the company's non-GAAP reporting methodology.

Key Highlights

  • 1Synopsys, Inc. reported its third fiscal quarter financial results ended August 1, 2015, via a press release furnished with this 8-K.
  • 2The filing details Synopsys' use of both GAAP and non-GAAP financial measures.
  • 3Key non-GAAP adjustments include amortization of acquired intangibles, stock compensation, acquisition-related costs, restructuring charges, and certain tax effects.
  • 4Management uses non-GAAP measures to assess operational performance, liquidity, and strategic investment decisions.
  • 5The company believes non-GAAP measures offer valuable supplemental information when viewed with GAAP results.
  • 6The press release is incorporated by reference but not considered 'filed' for certain legal liabilities.
  • 7The information provided is intended to enhance investor understanding of the company's financial health and management's perspective on performance.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report Synopsys, Inc.'s financial results for its third fiscal quarter ended August 1, 2015, by furnishing a press release that contains these results.

Synopsys provides non-GAAP financial measures because management believes they offer meaningful supplemental information about operational performance and liquidity, aid in understanding how to invest in R&D and infrastructure, and facilitate comparisons to historical results, targets, and competitors. These measures exclude items that management considers non-operational or non-cash, such as amortization of acquired intangibles and stock compensation.

Synopsys typically excludes amortization of acquired intangible assets, the impact of stock compensation expenses, acquisition-related costs (including severance and exit costs), other significant infrequent items like restructuring charges and certain legal/tax matters, and the income tax effect of non-GAAP adjustments or unusual tax items.

No, the information in the furnished press release, including the financial results, is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934 or subject to the liabilities of Sections 11 and 12(a)(2) of the Securities Act of 1933, unless expressly incorporated by reference into a registration statement.