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

The primary purpose of this 8-K filing is to officially report Synopsys's financial results for its third fiscal quarter ended July 30, 2016, by furnishing a press release containing these results.

What are the key differences between Synopsys's GAAP and non-GAAP financial measures?

Synopsys's non-GAAP measures exclude items such as the amortization of acquired intangible assets, the impact of stock compensation, acquisition-related costs, and certain other infrequent or non-recurring items. Management uses these non-GAAP measures to analyze operational performance and liquidity, believing they provide a better understanding of the core business operations.

What is the non-GAAP tax rate Synopsys is using and why?

For fiscal year 2016, Synopsys is using a normalized annual non-GAAP tax rate of 19%. This rate is applied to provide better consistency across interim reporting periods by excluding the effects of non-recurring and period-specific tax items, and to align the tax rate more closely with their expected geographic earnings mix. This rate is subject to an annual re-evaluation.

Are the non-GAAP financial results legally considered filed with the SEC under Section 18 of the Exchange Act?

No, the information in this Current Report, including the attached press release, is furnished and shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. It also will not be incorporated by reference into other SEC filings unless expressly stated.

SNPS 8-K: Earnings & Results

Summary

Synopsys, Inc. (SNPS) filed an 8-K on August 17, 2016, to report its financial results for the third fiscal quarter ended July 30, 2016. The report primarily serves to furnish a press release announcing these results, which includes both GAAP and non-GAAP financial measures. Investors should note that the company utilizes non-GAAP measures for operational analysis, excluding items such as amortization of acquired intangibles, stock compensation, acquisition-related costs, and certain other significant items. Management believes these non-GAAP measures provide valuable insights into operational performance and liquidity. The press release itself, incorporated by reference, contains the detailed financial figures. The filing emphasizes that these non-GAAP measures are not in accordance with GAAP and should be viewed in conjunction with the comparable GAAP measures. Synopsys's approach to reporting includes a normalized annual non-GAAP tax rate of 19% for fiscal 2016, adjusted to provide consistency and better reflect its expected geographic earnings mix. This rate will be re-evaluated annually.

Key Highlights

1Synopsys reported its third fiscal quarter 2016 financial results on August 17, 2016, via an 8-K filing.
2The filing includes a press release detailing the company's financial performance for the quarter ended July 30, 2016.
3Synopsys provides both GAAP and non-GAAP financial measures, with a detailed explanation of the exclusions for non-GAAP reporting.
4Key exclusions in non-GAAP measures include amortization of acquired intangibles, stock compensation, and acquisition-related costs.
5The company utilizes a normalized annual non-GAAP tax rate of 19% for fiscal year 2016.
6The non-GAAP tax rate aims to provide consistency and better reflect the geographic earnings mix, subject to annual review.

SYNOPSYS INC 8-K Report, Financial Results (Aug 17, 2016)

Summary

Key Highlights

Frequently Asked Questions