diff --git a/src/main/kotlin/com/autonomousapps/internal/OutputPaths.kt b/src/main/kotlin/com/autonomousapps/internal/OutputPaths.kt
index abc3c7e78..2029ee718 100644
--- a/src/main/kotlin/com/autonomousapps/internal/OutputPaths.kt
+++ b/src/main/kotlin/com/autonomousapps/internal/OutputPaths.kt
@@ -4,17 +4,19 @@
 
 package com.autonomousapps.internal
 
+import com.autonomousapps.internal.OutputPaths.Companion.ROOT_DIR
 import org.gradle.api.Project
 
-internal const val ROOT_DIR = "reports/dependency-analysis"
-
 internal class OutputPaths(
   private val project: Project,
-  variantName: String
+  variantName: String,
 ) {
 
+  internal companion object {
+    const val ROOT_DIR = "reports/dependency-analysis"
+  }
+
   private fun file(path: String) = project.layout.buildDirectory.file(path)
-  private fun dir(path: String) = project.layout.buildDirectory.dir(path)
 
   private val variantDirectory = "$ROOT_DIR/$variantName"
   private val intermediatesDir = "${variantDirectory}/intermediates"
@@ -37,7 +39,7 @@ internal class OutputPaths(
   val declaredProcPath = file("${intermediatesDir}/procs-declared.json")
   val abiAnalysisPath = file("${intermediatesDir}/abi.json")
   val abiDumpPath = file("${variantDirectory}/abi-dump.txt")
-  val dependenciesDir = dir("${variantDirectory}/dependencies")
+  val dependencies = file("${variantDirectory}/dependencies.txt")
   val explodedSourcePath = file("${intermediatesDir}/exploded-source.json")
   val explodingBytecodePath = file("${intermediatesDir}/exploding-bytecode.json")
   val syntheticProjectPath = file("${intermediatesDir}/synthetic-project.json")
diff --git a/src/main/kotlin/com/autonomousapps/internal/analyzer/AndroidProjectAnalyzer.kt b/src/main/kotlin/com/autonomousapps/internal/analyzer/AndroidProjectAnalyzer.kt
index 8cc56ce2a..02ab9b7d0 100644
--- a/src/main/kotlin/com/autonomousapps/internal/analyzer/AndroidProjectAnalyzer.kt
+++ b/src/main/kotlin/com/autonomousapps/internal/analyzer/AndroidProjectAnalyzer.kt
@@ -220,6 +220,7 @@ internal class AndroidLibAnalyzer(
   ): TaskProvider<AndroidScoreTask> {
     return project.tasks.register<AndroidScoreTask>("computeAndroidScore$taskNameSuffix") {
       dependencies.set(synthesizeDependenciesTask.flatMap { it.outputDir })
+      dependenciesList.set(synthesizeDependenciesTask.flatMap { it.output })
       syntheticProject.set(synthesizeProjectViewTask.flatMap { it.output })
       output.set(outputPaths.androidScorePath)
     }
diff --git a/src/main/kotlin/com/autonomousapps/model/ProjectVariant.kt b/src/main/kotlin/com/autonomousapps/model/ProjectVariant.kt
index 2eda39bea..b7f6b8c75 100644
--- a/src/main/kotlin/com/autonomousapps/model/ProjectVariant.kt
+++ b/src/main/kotlin/com/autonomousapps/model/ProjectVariant.kt
@@ -9,6 +9,7 @@ import com.autonomousapps.internal.utils.fromJson
 import com.autonomousapps.model.CodeSource.Kind
 import com.autonomousapps.model.declaration.Variant
 import com.squareup.moshi.JsonClass
+import com.squareup.moshi.JsonEncodingException
 import org.gradle.api.file.Directory
 
 /** Represents a variant-specific view of the project under analysis. */
@@ -22,7 +23,7 @@ data class ProjectVariant(
   val sources: Set<Source>,
   val classpath: Set<Coordinates>,
   val annotationProcessors: Set<Coordinates>,
-  val testInstrumentationRunner: String?
+  val testInstrumentationRunner: String?,
 ) {
 
   val usedClassesBySrc: Set<String> by unsafeLazy {
@@ -93,9 +94,13 @@ data class ProjectVariant(
       .map {
         val file = dependenciesDir.file(it.toFileName())
         if (file.asFile.exists()) {
-          file.fromJson<Dependency>()
+          try {
+            file.fromJson<Dependency>()
+          } catch (e: JsonEncodingException) {
+            throw IllegalStateException("Couldn't deserialize '${file.asFile}'", e)
+          }
         } else {
-          error("No file ${it.toFileName()}")
+          error("No file '${it.toFileName()}'")
         }
       }
       .toSet()
diff --git a/src/main/kotlin/com/autonomousapps/services/InMemoryCache.kt b/src/main/kotlin/com/autonomousapps/services/InMemoryCache.kt
index 45d8a45ac..16fc52533 100644
--- a/src/main/kotlin/com/autonomousapps/services/InMemoryCache.kt
+++ b/src/main/kotlin/com/autonomousapps/services/InMemoryCache.kt
@@ -5,6 +5,7 @@
 package com.autonomousapps.services
 
 import com.autonomousapps.Flags.cacheSize
+import com.autonomousapps.internal.OutputPaths.Companion.ROOT_DIR
 import com.autonomousapps.model.InlineMemberCapability
 import com.autonomousapps.model.intermediates.AnnotationProcessorDependency
 import com.autonomousapps.model.intermediates.ExplodingJar
@@ -13,6 +14,7 @@ import com.autonomousapps.tasks.KotlinCapabilities
 import com.github.benmanes.caffeine.cache.Cache
 import com.github.benmanes.caffeine.cache.Caffeine
 import org.gradle.api.Project
+import org.gradle.api.file.DirectoryProperty
 import org.gradle.api.invocation.Gradle
 import org.gradle.api.provider.Property
 import org.gradle.api.provider.Provider
@@ -23,6 +25,7 @@ abstract class InMemoryCache : BuildService<InMemoryCache.Params> {
 
   interface Params : BuildServiceParameters {
     val cacheSize: Property<Long>
+    val dependenciesDir: DirectoryProperty
   }
 
   private val cacheSize = parameters.cacheSize.get()
@@ -53,7 +56,7 @@ abstract class InMemoryCache : BuildService<InMemoryCache.Params> {
     procs.asMap().putIfAbsent(procName, proc)
   }
 
-  companion object {
+  internal companion object {
     private const val SHARED_SERVICES_IN_MEMORY_CACHE = "inMemoryCache"
     private const val DEFAULT_CACHE_VALUE = -1L
 
@@ -92,6 +95,13 @@ abstract class InMemoryCache : BuildService<InMemoryCache.Params> {
       .sharedServices
       .registerIfAbsent(SHARED_SERVICES_IN_MEMORY_CACHE, InMemoryCache::class.java) {
         parameters.cacheSize.set(project.cacheSize(DEFAULT_CACHE_VALUE))
+        parameters.dependenciesDir.set(project.layout.buildDirectory.dir("${ROOT_DIR}/dependencies"))
+
+        // TODO I wonder how this works in the context of a composite build. Maybe I should create a new service just
+        //  for this, and _not_ share that service across builds?
+        if (project != project.rootProject) {
+          project.logger.warn("Creating global dependencies output directory in '${project.path}'")
+        }
       }
   }
 }
diff --git a/src/main/kotlin/com/autonomousapps/subplugin/ProjectPlugin.kt b/src/main/kotlin/com/autonomousapps/subplugin/ProjectPlugin.kt
index 253c7dafd..84e1c0f69 100644
--- a/src/main/kotlin/com/autonomousapps/subplugin/ProjectPlugin.kt
+++ b/src/main/kotlin/com/autonomousapps/subplugin/ProjectPlugin.kt
@@ -671,7 +671,9 @@ internal class ProjectPlugin(private val project: Project) {
 
     val synthesizeDependenciesTask =
       tasks.register<SynthesizeDependenciesTask>("synthesizeDependencies$taskNameSuffix") {
-        inMemoryCache.set(InMemoryCache.register(project))
+        val cache = InMemoryCache.register(project)
+
+        inMemoryCache.set(cache)
         projectPath.set(thisProjectPath)
         compileDependencies.set(graphViewTask.flatMap { it.outputNodes })
         physicalArtifacts.set(artifactsReport.flatMap { it.output })
@@ -686,7 +688,8 @@ internal class ProjectPlugin(private val project: Project) {
         findNativeLibsTask?.let { task -> nativeLibs.set(task.flatMap { it.output }) }
         findAndroidAssetsTask?.let { task -> androidAssets.set(task.flatMap { it.output }) }
 
-        outputDir.set(outputPaths.dependenciesDir)
+        outputDir.set(cache.flatMap { it.parameters.dependenciesDir })
+        output.set(outputPaths.dependencies)
       }
 
     /* ******************************
@@ -770,6 +773,7 @@ internal class ProjectPlugin(private val project: Project) {
       graph.set(graphViewTask.flatMap { it.output })
       declarations.set(findDeclarationsTask.flatMap { it.output })
       dependencies.set(synthesizeDependenciesTask.flatMap { it.outputDir })
+      dependenciesList.set(synthesizeDependenciesTask.flatMap { it.output })
       syntheticProject.set(synthesizeProjectViewTask.flatMap { it.output })
       kapt.set(isKaptApplied())
       output.set(outputPaths.dependencyTraceReportPath)
diff --git a/src/main/kotlin/com/autonomousapps/subplugin/RootPlugin.kt b/src/main/kotlin/com/autonomousapps/subplugin/RootPlugin.kt
index b9bc519dd..9c4a206b5 100644
--- a/src/main/kotlin/com/autonomousapps/subplugin/RootPlugin.kt
+++ b/src/main/kotlin/com/autonomousapps/subplugin/RootPlugin.kt
@@ -13,6 +13,7 @@ import com.autonomousapps.internal.advice.DslKind
 import com.autonomousapps.internal.artifacts.DagpArtifacts
 import com.autonomousapps.internal.artifacts.Resolver.Companion.interProjectResolver
 import com.autonomousapps.internal.utils.log
+import com.autonomousapps.services.InMemoryCache
 import com.autonomousapps.tasks.BuildHealthTask
 import com.autonomousapps.tasks.ComputeDuplicateDependenciesTask
 import com.autonomousapps.tasks.GenerateBuildHealthTask
@@ -23,9 +24,7 @@ import org.gradle.kotlin.dsl.register
 
 internal const val DEPENDENCY_ANALYSIS_PLUGIN = "com.autonomousapps.dependency-analysis"
 
-/**
- * This "plugin" is applied to the root project only.
- */
+/** This "plugin" is applied to the root project only. */
 internal class RootPlugin(private val project: Project) {
 
   init {
@@ -87,6 +86,9 @@ internal class RootPlugin(private val project: Project) {
   private fun Project.configureRootProject() {
     val paths = RootOutputPaths(this)
 
+    // Register this in the root project to centralize dependency synthesis files
+    InMemoryCache.register(this)
+
     val computeDuplicatesTask = tasks.register<ComputeDuplicateDependenciesTask>("computeDuplicateDependencies") {
       resolvedDependenciesReports.setFrom(resolvedDepsResolver.internal)
       output.set(paths.duplicateDependenciesPath)
diff --git a/src/main/kotlin/com/autonomousapps/tasks/AndroidScoreTask.kt b/src/main/kotlin/com/autonomousapps/tasks/AndroidScoreTask.kt
index a94bf85df..606452c67 100644
--- a/src/main/kotlin/com/autonomousapps/tasks/AndroidScoreTask.kt
+++ b/src/main/kotlin/com/autonomousapps/tasks/AndroidScoreTask.kt
@@ -31,10 +31,16 @@ abstract class AndroidScoreTask @Inject constructor(
   @get:InputFile
   abstract val syntheticProject: RegularFileProperty
 
-  @get:PathSensitive(PathSensitivity.NONE)
-  @get:InputDirectory
+  /**
+   * TODO: docs
+   */
+  @get:Internal
   abstract val dependencies: DirectoryProperty
 
+  @get:PathSensitive(PathSensitivity.NONE)
+  @get:InputFile
+  abstract val dependenciesList: RegularFileProperty
+
   @get:OutputFile
   abstract val output: RegularFileProperty
 
diff --git a/src/main/kotlin/com/autonomousapps/tasks/ComputeUsagesTask.kt b/src/main/kotlin/com/autonomousapps/tasks/ComputeUsagesTask.kt
index d65835bb0..334899f7f 100644
--- a/src/main/kotlin/com/autonomousapps/tasks/ComputeUsagesTask.kt
+++ b/src/main/kotlin/com/autonomousapps/tasks/ComputeUsagesTask.kt
@@ -40,10 +40,20 @@ abstract class ComputeUsagesTask @Inject constructor(
   @get:InputFile
   abstract val declarations: RegularFileProperty
 
-  @get:PathSensitive(PathSensitivity.NONE)
-  @get:InputDirectory
+  /**
+   * This contains all of the [Dependencies][Dependency] used by this project. It cannot be a task input because it is
+   * a globally shared directory that many tasks write to and read from. See also [dependenciesList].
+   */
+  @get:Internal
   abstract val dependencies: DirectoryProperty
 
+  /**
+   * Only for task snapshotting. A simplified representation of [dependencies].
+   */
+  @get:PathSensitive(PathSensitivity.NONE)
+  @get:InputFile
+  abstract val dependenciesList: RegularFileProperty
+
   @get:PathSensitive(PathSensitivity.NONE)
   @get:InputFile
   abstract val syntheticProject: RegularFileProperty
diff --git a/src/main/kotlin/com/autonomousapps/tasks/SynthesizeDependenciesTask.kt b/src/main/kotlin/com/autonomousapps/tasks/SynthesizeDependenciesTask.kt
index d06ccd509..c05410eb3 100644
--- a/src/main/kotlin/com/autonomousapps/tasks/SynthesizeDependenciesTask.kt
+++ b/src/main/kotlin/com/autonomousapps/tasks/SynthesizeDependenciesTask.kt
@@ -87,9 +87,14 @@ abstract class SynthesizeDependenciesTask @Inject constructor(
   @get:InputFile
   abstract val androidAssets: RegularFileProperty
 
+  // TODO: Maybe this should not be an OutputDirectory anymore, but just Internal? Since multiple tasks will write to it
   @get:OutputDirectory
   abstract val outputDir: DirectoryProperty
 
+  /** A simplified representation of [outputDir] for task snapshotting purposes only. */
+  @get:OutputFile
+  abstract val output: RegularFileProperty
+
   @TaskAction fun action() {
     workerExecutor.noIsolation().submit(SynthesizeDependenciesWorkAction::class.java) {
       inMemoryCache.set(this@SynthesizeDependenciesTask.inMemoryCache)
@@ -105,6 +110,7 @@ abstract class SynthesizeDependenciesTask @Inject constructor(
       nativeLibs.set(this@SynthesizeDependenciesTask.nativeLibs)
       androidAssets.set(this@SynthesizeDependenciesTask.androidAssets)
       outputDir.set(this@SynthesizeDependenciesTask.outputDir)
+      output.set(this@SynthesizeDependenciesTask.output)
     }
   }
 
@@ -125,6 +131,7 @@ abstract class SynthesizeDependenciesTask @Inject constructor(
     val androidAssets: RegularFileProperty
 
     val outputDir: DirectoryProperty
+    val output: RegularFileProperty
   }
 
   abstract class SynthesizeDependenciesWorkAction : WorkAction<SynthesizeDependenciesParameters> {
@@ -133,6 +140,7 @@ abstract class SynthesizeDependenciesTask @Inject constructor(
 
     override fun execute() {
       val outputDir = parameters.outputDir
+      val output = parameters.output.getAndDelete()
 
       val dependencies = parameters.compileDependencies.fromJson<CoordinatesContainer>().coordinates
       val physicalArtifacts = parameters.physicalArtifacts.fromJsonSet<PhysicalArtifact>()
@@ -192,7 +200,13 @@ abstract class SynthesizeDependenciesTask @Inject constructor(
         .map { it.build() }
         .forEach { dependency ->
           val coordinates = dependency.coordinates
-          outputDir.file(coordinates.toFileName()).get().asFile.bufferWriteJson(dependency)
+          val file = outputDir.file(coordinates.toFileName()).get().asFile
+          if (!file.exists()) {
+            file.bufferWriteJson(dependency)
+          }
+
+          // This is the task output for snapshotting purposes
+          output.appendText("${coordinates.gav()}\n")
         }
     }