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

The main purpose of this 8-K filing is to announce and provide Synopsys Inc.'s financial results for the third fiscal quarter ended July 29, 2017, through an attached press release. It informs investors about the company's performance during the quarter.

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) results. Synopsys uses them to provide a clearer view of its core operational performance by excluding non-cash expenses like amortization of acquired intangibles, stock-based compensation, and one-time costs such as acquisition-related expenses and restructuring charges. The company believes these measures offer supplemental insights into business trends.

What specific items are excluded from Synopsys' non-GAAP financial measures?

Synopsys excludes several items from its non-GAAP measures, including: amortization of acquired intangible assets, the impact of stock compensation, acquisition-related costs, restructuring charges, effects of certain legal matters, and the income tax effect of non-GAAP pre-tax adjustments. They also utilize a normalized annual non-GAAP tax rate of 19%.

Does the information in this filing affect Synopsys' legal liabilities?

No, the information furnished in this Current Report, including the attached press release, is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933. This means the information is for disclosure and not for liability purposes under those specific regulations.

SNPS 8-K: Earnings & Results

Summary

This 8-K filing by Synopsys Inc. (SNPS) announces their financial results for the third fiscal quarter ended July 29, 2017. The primary purpose of the filing is to provide investors with the company's performance, including key financial metrics presented in a press release furnished as an exhibit. Synopsys utilizes non-GAAP financial measures alongside GAAP results to offer a more insightful view of its core operational performance, excluding items such as amortization of acquired intangibles, stock-based compensation, acquisition-related costs, and restructuring charges. The company emphasizes that these non-GAAP measures are provided to supplement, not replace, GAAP reporting, and are intended to help investors and management better understand underlying business trends and make informed decisions. The press release, incorporated by reference, details these results, offering a clearer picture of Synopsys' operational efficiency and strategic financial management.

Key Highlights

1Synopsys announced its financial results for the third fiscal quarter ended July 29, 2017, via an 8-K filing.
2The filing includes a press release (Exhibit 99.1) that contains the detailed financial results.
3The company provides both GAAP and non-GAAP financial measures.
4Non-GAAP measures are used to present core operational performance, excluding specific items like amortization of intangibles, stock compensation, and acquisition costs.
5Management believes these non-GAAP measures offer valuable insights into core operations and aid in strategic decision-making.
6A normalized annual non-GAAP tax rate of 19% is being utilized for consistency.
7The filing is informational and the furnished information is not deemed 'filed' under Section 18 of the Exchange Act.

SYNOPSYS INC 8-K Report, Financial Results (Aug 16, 2017)

Summary

Key Highlights

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