2023 Q4 Form 10-K Financial Statement

#000088324123000019 Filed on December 12, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $1.599B $5.843B
YoY Change 24.51% 14.98%
Cost Of Revenue $332.3M $1.222B
YoY Change 17.55% 14.9%
Gross Profit $1.267B $4.620B
YoY Change 26.48% 15.0%
Gross Profit Margin 79.22% 79.08%
Selling, General & Admin $320.6M $1.299B
YoY Change 1.51% 14.62%
% of Gross Profit 25.31% 28.12%
Research & Development $488.5M $1.947B
YoY Change 5.82% 15.86%
% of Gross Profit 38.56% 42.13%
Depreciation & Amortization $67.12M $247.1M
YoY Change 14.35% 8.19%
% of Gross Profit 5.3% 5.35%
Operating Expenses $837.6M $3.351B
YoY Change 6.82% 17.84%
Operating Profit $429.1M $1.269B
YoY Change 97.42% 8.11%
Interest Expense $7.658M $1.178M
YoY Change 68.23% -30.62%
% of Operating Profit 1.78% 0.09%
Other Income/Expense, Net -$4.131M $32.52M
YoY Change -21.22% -169.91%
Pretax Income $409.7M $1.302B
YoY Change 93.13% 16.7%
Income Tax $63.20M $83.66M
% Of Pretax Income 15.43% 6.43%
Net Earnings $349.2M $1.230B
YoY Change 127.49% 24.91%
Net Earnings / Revenue 21.84% 21.05%
Basic Earnings Per Share $8.08
Diluted Earnings Per Share $2.25 $7.92
COMMON SHARES
Basic Shares Outstanding 152.0M shares 152.1M shares
Diluted Shares Outstanding 155.2M shares

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.591B $1.591B
YoY Change 1.6% 1.6%
Cash & Equivalents $1.439B $1.439B
Short-Term Investments $151.6M $151.6M
Other Short-Term Assets $178.5M $178.5M
YoY Change -59.36% -59.36%
Inventory $325.6M $325.6M
Prepaid Expenses
Receivables $947.0M $1.336B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.431B $3.431B
YoY Change 13.87% 13.87%
LONG-TERM ASSETS
Property, Plant & Equipment $557.3M $1.126B
YoY Change -46.54% 8.03%
Goodwill $4.070B
YoY Change 5.94%
Intangibles $374.2M
YoY Change -3.17%
Long-Term Investments
YoY Change
Other Assets $471.0M $1.332B
YoY Change -58.48% 17.41%
Total Long-Term Assets $6.903B $6.903B
YoY Change 7.76% 7.76%
TOTAL ASSETS
Total Short-Term Assets $3.431B $3.431B
Total Long-Term Assets $6.903B $6.903B
Total Assets $10.33B $10.33B
YoY Change 9.72% 9.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $155.9M $1.280B
YoY Change -80.74% 58.1%
Accrued Expenses $826.8M $826.8M
YoY Change 1423.38% 1423.38%
Deferred Revenue $1.776B
YoY Change -7.06%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.985B $2.985B
YoY Change 7.6% 7.6%
LONG-TERM LIABILITIES
Long-Term Debt $18.08M $18.08M
YoY Change -13.19% -13.19%
Other Long-Term Liabilities $386.1M $1.145B
YoY Change -63.69% 7.68%
Total Long-Term Liabilities $404.2M $1.163B
YoY Change -62.72% 7.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.985B $2.985B
Total Long-Term Liabilities $404.2M $1.163B
Total Liabilities $4.149B $4.186B
YoY Change 6.32% 7.26%
SHAREHOLDERS EQUITY
Retained Earnings $6.742B
YoY Change 21.82%
Common Stock $1.521M
YoY Change -0.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.147B $6.147B
YoY Change
Total Liabilities & Shareholders Equity $10.33B $10.33B
YoY Change 9.72% 9.72%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $349.2M $1.230B
YoY Change 127.49% 24.91%
Depreciation, Depletion And Amortization $67.12M $247.1M
YoY Change 14.35% 8.19%
Cash From Operating Activities $326.1M $1.703B
YoY Change -17.14% -2.05%
INVESTING ACTIVITIES
Capital Expenditures $299.5M $189.6M
YoY Change -844.52% -133.77%
Acquisitions
YoY Change
Other Investing Activities -$1.087M $0.00
YoY Change 1.97% -100.0%
Cash From Investing Activities -$300.5M -$482.1M
YoY Change 627.69% -15.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.161B
YoY Change -234.65%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -254.3M -$1.197B
YoY Change -12.64% 7.22%
NET CHANGE
Cash From Operating Activities 326.1M $1.703B
Cash From Investing Activities -300.5M -$482.1M
Cash From Financing Activities -254.3M -$1.197B
Net Change In Cash -228.7M $21.32M
YoY Change -474.05% -57.33%
FREE CASH FLOW
Cash From Operating Activities $326.1M $1.703B
Capital Expenditures $299.5M $189.6M
Free Cash Flow $26.56M $1.514B
YoY Change -93.88% -34.2%

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CY2023 us-gaap Nature Of Operations
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Description of Business<div style="margin-bottom:8pt;margin-top:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Synopsys, Inc. (Synopsys, we, our or us) provides products and services used across the entire Silicon to Software spectrum to bring Smart Everything to life. From engineers creating advanced semiconductors to product teams developing advanced electronic systems to software developers seeking to ensure the security and quality of their code, our customers trust that our technologies will enable them to meet new requirements for energy efficiency, reliability, mobility, security and more. </span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are a global leader in supplying the electronic design automation (EDA) software that engineers use to design and test integrated circuits (ICs), also known as chips or silicon. We provide software and hardware used to validate the electronic systems that incorporate chips and the software that runs on them, including cloud-based digital design flow to boost chip-design development productivity. We also provide technical services and support to help our customers develop advanced chips and electronic systems. These products and services are part of our Design Automation segment.</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We also offer a broad and comprehensive portfolio of semiconductor intellectual property (IP) products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves. These products and services are part of our Design IP segment.</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are also a leading provider of software tools and services that improve the security, quality and compliance of software in a wide variety of industries, including electronics, financial services, automotive, medicine, energy and industrials. These tools and services are part of our Software Integrity segment.</span></div>
CY2023 us-gaap Fiscal Period
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<span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our fiscal year generally ends on the Saturday nearest to October 31 and consists of 52 weeks, with the exception that approximately every five years, we have a 53-week year. When a 53-week year occurs, we include the additional week in the first quarter to realign fiscal quarters with calendar quarters. Fiscal 2023, 2022 and 2021 were 52-week years ending on October 28, 2023, October 29, 2022, and October 30, 2021, respectively. For presentation purposes, the consolidated financial statements and accompanying notes refer to the closest calendar month end. Fiscal 2024 will be a 53-week year.</span>
CY2023 us-gaap Use Of Estimates
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<div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To prepare financial statements in conformity with U.S. generally accepted accounting principles, management must make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from these estimates and could have a material impact on our operating results and financial position.</span></div>
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2023 snps Cash And Cash Equivalents Maximum Maturity Period
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DebtSecuritiesAndOtherInvestmentsMinimumShortTermMaturityPeriod
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CY2023 snps Debt Securities And Other Investments Maximum Maturity Period
DebtSecuritiesAndOtherInvestmentsMaximumMaturityPeriod
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FinancingReceivableAllowanceForCreditLossesWriteOffs
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FinancingReceivableAllowanceForCreditLosses
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FinancingReceivableAllowanceForCreditLosses
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FinancingReceivableAllowanceForCreditLosses
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ContractWithCustomerLiability
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ContractWithCustomerLiabilityRevenueRecognized
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CY2023 us-gaap Concentration Risk Credit Risk
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<div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash equivalents, short-term investments, foreign currency contracts, and trade accounts receivable. We maintain cash equivalents primarily in highly rated taxable and tax-exempt money market funds located in the U.S. and in various overseas locations. Our short-term investments include a variety of financial instruments, such as corporate debt and municipal securities, U.S. Treasury and Government agency securities. By policy, we limit the amount of credit exposure with any one issue, issuer and type of instrument.</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We sell our products worldwide primarily to customers in the global electronics market. We perform on-going credit evaluations of our customers’ financial condition and do not require collateral. We establish reserves for potential credit losses and such losses have been within management’s expectations and have not been material in any year presented.</span></div>
CY2023 us-gaap Depreciation
Depreciation
145100000 usd
CY2022 us-gaap Depreciation
Depreciation
107700000 usd
CY2021 us-gaap Depreciation
Depreciation
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<div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Warranties and Indemnities</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Warranties.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> We generally warrant our products to be free from defects in media and to substantially conform to material specifications for a period of 90 days for our software products and for up to six months for our hardware products. </span></div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Indemnities. </span>In addition to such warranties, in certain cases, we provide our customers with limited indemnification with respect to claims that their use of our software products infringes on patents, copyrights, trademarks or trade secrets.
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CY2023Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
194300000 usd
CY2023 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2992000 shares
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
3609000 shares
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2780000 shares
CY2023 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
387.92
CY2022 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
314.51
CY2021 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
270.84
CY2023 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1160724000 usd
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1135000000 usd
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
753081000 usd
CY2023 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
2670000 shares
CY2022 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
2922000 shares
CY2021 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
3224000 shares
CY2021Q4 snps Accelerated Share Repurchases Settlement Of Equity Forward
AcceleratedShareRepurchasesSettlementOfEquityForward
107701 shares
CY2021Q4 snps Stock Repurchase Program Prepayment During Period Derivative Settlement
StockRepurchaseProgramPrepaymentDuringPeriodDerivativeSettlement
35000000 usd
CY2023 snps Threshold For Granted Rights For Fair Value Of Employees Stock Purchases Under Employee Stock Purchase Plan
ThresholdForGrantedRightsForFairValueOfEmployeesStockPurchasesUnderEmployeeStockPurchasePlan
0.85
CY2023 snps Sharebased Compensation Employee Stock Purchase Plan Offering Period
SharebasedCompensationEmployeeStockPurchasePlanOfferingPeriod
P2Y
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AnnualIncreaseInSharesUnderEspp
2000000 shares
CY2023 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
600000 shares
CY2022 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
700000 shares
CY2021 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
1000000 shares
CY2023 snps Employee Stock Purchase Plan Espp Weighted Average Purchase Priceof Shares Purchased
EmployeeStockPurchasePlanESPPWeightedAveragePurchasePriceofSharesPurchased
266.82
CY2022 snps Employee Stock Purchase Plan Espp Weighted Average Purchase Priceof Shares Purchased
EmployeeStockPurchasePlanESPPWeightedAveragePurchasePriceofSharesPurchased
195.48
CY2021 snps Employee Stock Purchase Plan Espp Weighted Average Purchase Priceof Shares Purchased
EmployeeStockPurchasePlanESPPWeightedAveragePurchasePriceofSharesPurchased
134.26
CY2023Q4 snps Share Of Common Stock Reserved For Future Issuance Under Espp
ShareOfCommonStockReservedForFutureIssuanceUnderEspp
13500000 shares
CY2023Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
457.00
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
241385000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
273524000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
254587000 usd
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
109.83
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
563292000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
459029000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
345272000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
90915000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
74271000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
53483000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
472377000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
384758000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
291789000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
1200000000 usd
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
CY2023 snps Deferred Percentage Of Annual Cash Base Compensation
DeferredPercentageOfAnnualCashBaseCompensation
0.50
CY2023 snps Deferred Percentage Of Variable Cash Compensation
DeferredPercentageOfVariableCashCompensation
1
CY2023Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
300731000 usd
CY2022Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
279096000 usd
CY2023Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
300731000 usd
CY2022Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
279096000 usd
CY2023 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
20488000 usd
CY2022 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
-68778000 usd
CY2021 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
71603000 usd
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OtherOperatingIncomeExpenseNet
20488000 usd
CY2022 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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CY2021 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
71603000 usd
CY2023 snps Net Increase Decrease To Net Income
NetIncreaseDecreaseToNetIncome
0 usd
CY2022 snps Net Increase Decrease To Net Income
NetIncreaseDecreaseToNetIncome
0 usd
CY2021 snps Net Increase Decrease To Net Income
NetIncreaseDecreaseToNetIncome
0 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
1229888000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
984594000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
757516000 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.44
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.96
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.92
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.29
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.81
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
475000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
281000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
408000 shares
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1142132000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1036279000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
640531000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
159650000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
79235000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
164983000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1301782000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1115514000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
805514000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
244523000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
105493000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
85950000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
22193000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
23201000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
11898000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
27986000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
45297000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
79890000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
294702000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
173991000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
177738000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-192762000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1842000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1519000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1796000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-16441000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
3654000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-21849000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-211045000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-36913000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
83657000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
137078000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
49155000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
273374000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
234257000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
168745000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
617000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2514000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2023 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
65878000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
61582000 usd
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
45503000 usd
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-12454000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
25930000 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
7988000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Fdii Amount
EffectiveIncomeTaxRateReconciliationFdiiAmount
82436000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Fdii Amount
EffectiveIncomeTaxRateReconciliationFdiiAmount
38924000 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Fdii Amount
EffectiveIncomeTaxRateReconciliationFdiiAmount
31214000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
-23752000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
0 usd
CY2021 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
-7134000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-43153000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-52625000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-62620000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
29631000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
19794000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
15232000 usd
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
7708000 usd
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
12742000 usd
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
6080000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
83657000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
137078000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
49155000 usd
CY2023Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
37641000 usd
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
41941000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
67782000 usd
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DeferredTaxAssetsCapitalizedCosts
94564000 usd
CY2022Q4 snps Deferred Tax Assets Capitalized Costs
DeferredTaxAssetsCapitalizedCosts
119791000 usd
CY2023Q4 snps Deferred Tax Assets Capitalized Research And Development Costs
DeferredTaxAssetsCapitalizedResearchAndDevelopmentCosts
592536000 usd
CY2022Q4 snps Deferred Tax Assets Capitalized Research And Development Costs
DeferredTaxAssetsCapitalizedResearchAndDevelopmentCosts
231733000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
65039000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
60537000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
62779000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
59754000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
41972000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
27153000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
182999000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
316650000 usd
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DeferredTaxAssetsLeasingArrangements
118679000 usd
CY2022Q4 snps Deferred Tax Assets Leasing Arrangements
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27636000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
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0 usd
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DeferredTaxAssetsOther
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
16887000 usd
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DeferredTaxAssetsGross
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CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1061803000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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229259000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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DeferredTaxAssetsNet
1064410000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
863590000 usd
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116465000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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102796000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
96598000 usd
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0 usd
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DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals
5998000 usd
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DeferredTaxLiabilitiesUndistributedForeignEarnings
8900000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
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CY2023Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
18006000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
0 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
237439000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
206392000 usd
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657198000 usd
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74400000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
81183000 usd
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82360000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
211000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
435000 usd
CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
25678000 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
9791000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
8223000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
6794000 usd
CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1104000 usd
CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
249000 usd
CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2601000 usd
CY2023 snps Unrecognized Tax Benefits Acquisitions
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165000 usd
CY2022 snps Unrecognized Tax Benefits Acquisitions
UnrecognizedTaxBenefitsAcquisitions
14121000 usd
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CY2022 snps Unrecognized Tax Benefits Period Increase Decrease Due To Foreign Currency Translation
UnrecognizedTaxBenefitsPeriodIncreaseDecreaseDueToForeignCurrencyTranslation
9031000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
74359000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
81183000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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74400000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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81200000 usd
CY2023 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
-10600000 usd
CY2022 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
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CY2021 us-gaap Income Tax Examination Penalties And Interest Expense
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InterestExpense
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ForeignCurrencyTransactionGainLossBeforeTax
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CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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ForeignCurrencyTransactionGainLossBeforeTax
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OtherNonoperatingIncomeExpense
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OtherNonoperatingIncomeExpense
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NonoperatingIncomeExpense
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NonoperatingIncomeExpense
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CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
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OperatingIncomeLoss
1269259000 usd
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CY2023Q4 us-gaap Property Plant And Equipment Net
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PropertyPlantAndEquipmentNet
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CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023 dei Auditor Name
AuditorName
KPMG LLP
CY2023 dei Auditor Location
AuditorLocation
Santa Clara, CA
CY2023 dei Auditor Firm
AuditorFirmId
185

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