Item 6. Selected Financial Data

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Item 6. Selected Financial Data



	Fiscal Year Ended October 31,(1)
	2020			2019			2018			2017		2016
	(in thousands, except per share data)
Revenue	$	3,685,281		$	3,360,694		$	3,121,058		$	2,724,880	$	2,422,532
Income before provisions for income taxes	638,159			545,506			363,543			383,098		329,548
Provision (benefit) for income taxes(2)	(25,288		)	13,139			(68,975		)	246,535		62,722
Net income	663,447			532,367			432,518			136,563		266,826
Net income (loss) attributed to non-controlling interest	(900		)	—			—			—		—
Net income attributed to Synopsys	664,347			532,367			432,518			136,563		266,826
Net income per share:
Basic	4.40			3.55			2.90			0.91		1.76
Diluted	4.27			3.45			2.82			0.88		1.73
Working capital (deficit)	409,295			(13,536		)	(558,618		)	68,484		1,992
Total assets	8,030,062			6,405,160			6,145,974			5,396,414		5,240,365
Long-term debt	100,823			120,093			125,535			134,063		—
Stockholders’ equity	4,912,367			4,088,876			3,485,015			3,279,724		3,195,146


(1)	Our fiscal year 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 2018 was a 53-week year and ended on November 3, 2018. Fiscal 2020, 2019, 2017, and 2016 were 52-week years ending on October 31, 2020, November 2, 2019, October 28, 2017 and October 29, 2016, respectively.

(1)

Our fiscal year 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 2018 was a 53-week year and ended on November 3, 2018. Fiscal 2020, 2019, 2017, and 2016 were 52-week years ending on October 31, 2020, November 2, 2019, October 28, 2017 and October 29, 2016, respectively.


(2)	Includes $13.2 million, $10.9 million, $14.7 million, $7.1 million, and $16.5 million in net tax benefits from tax settlements received in fiscal 2020, 2019, 2018, 2017, and 2016, respectively. Fiscal 2018 additionally includes a $57.8 million net benefit from tax reform and tax restructuring. Fiscal 2017 additionally includes a $166.2 million expense from our repatriation of foreign earnings. See Note 13 of Notes to Consolidated Financial Statements.

(2)

Includes $13.2 million, $10.9 million, $14.7 million, $7.1 million, and $16.5 million in net tax benefits from tax settlements received in fiscal 2020, 2019, 2018, 2017, and 2016, respectively. Fiscal 2018 additionally includes a $57.8 million net benefit from tax reform and tax restructuring. Fiscal 2017 additionally includes a $166.2 million expense from our repatriation of foreign earnings. See Note 13 of Notes to Consolidated Financial Statements.

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