An asset that has a significant value but has no physical presence and provides a business long-term financial value is called an "intangible asset." Identifiable intangible assets are those that the company can market separately, that can be separated from other assets, and that can be identified. Examples of distinguishable intangible assets include intellectual property, including patents, trademarks, and copyrights, as well as non-cash government grants, such as airport landing rights or broadcasting licenses. A trademark is a sign that can be used to separate the products or services of one company from those of other companies. Intellectual property rights offer protection for trademarks. Intangible assets are capitalized at fair value as of the date of acquisition rather than cost when acquired separately.
The gross value of intangible assets at Synopsys grew 9.48% from $914.45 million in FY2020 to $1,001.10 million in FY2021. The company's intangible assets had a net value of $279.13 million in FY2021. Based on the company's valuation of the fair value of identified intangible assets, Developed Technology, Capitalized Software, and Trademarks amounted for $911.90 million, $46.10 million, and $43.10 million, respectively. Intangible asset amortization costs for the company in FY2021 were $86.45 million.
The Company made multiple acquisitions during the 2021 fiscal year for a total of $298.9 million in consideration, net of cash acquired. The preliminary acquisition allocations total $204.5 million in goodwill and $158.8 million in identified intangible assets, of which $45.7 million can be attributed to the Software Integrity reporting segment and $109.3 million to Semiconductor & System Design.
The company’s Software Integrity revenue grew in FY2021, primarily as a result of increased investments by their customers in new, complex designs for their hardware and software products across a wide range of industries, sales climbed mainly as a result of their business's continuous organic expansion in most product categories and regions. For the fiscal year that concluded in 2021, the company reported total revenue of $4,204.2 million, which included revenue from software and IP license sales.
Synopsys Inc (Synopsys) is a provider of electronic design automation (EDA) software and associated services. The company’s product portfolio comprises IC design solutions and a verification continuum platform, which offers virtual prototyping, and static and formal verification solutions. Synopsys provides a wide range of solutions, including system simulation and modeling, 3D images processing, optical solutions, photonic solutions, system-level solutions, manufacturing solutions, and professional services. Synopsys serves aerospace and defense, automotive, financial services, HPC, data center, Internet of Things, medical, manufacturing, memory, mobile/5G, optical, photonic, and public sectors. The company has business operations across the Americas, Europe, the Middle East, and Asia-Pacific.
United States of America
United States of America
United States of America
United States of America
United States of America
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Japan
Japan
United States of America
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