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Cadence Design Systems, Inc. (CDNS) logo
CDNS
Cadence Design Systems, Inc. (CDNS)
340.39 $
-7.1600 (%-2.06)
Overview
Technicals
Financial Statements
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CDNS: Cadence Design Systems, Inc. Financials

Cadence Design Systems, Inc. Income Statement

Total revenue
Net income
Gross margin TTM
86.36%
Operating margin TTM
31.15%
Net profit margin TTM
20.94%
Return on investment TTM
20.26%
Period end31/12/202531/12/202431/12/202331/12/2022
Total revenue5,296,759,0004,641,264,0004,089,986,0003,561,718,000
Operating income1,649,781,0001,350,763,0001,251,225,0001,073,686,000
Net income1,108,888,0001,055,484,0001,041,144,000848,952,000

All line items

Line item31/12/202531/12/202431/12/202331/12/2022
Total revenue5,296,759,0004,641,264,0004,089,986,0003,561,718,000
Cost of revenue722,249,000647,502,000435,041,000371,623,000
Gross profit4,574,510,0003,993,762,0003,654,945,0003,190,095,000
Research and development expenses1,768,772,0001,549,093,0001,441,796,0001,251,544,000
General and administrative expenses313,387,000273,961,000242,430,000242,116,000
Selling and marketing expenses802,633,000757,483,000690,319,000604,224,000
Selling, general and administrative expenses1,116,020,0001,031,444,000932,749,000846,340,000
Other expenses39,937,00054,140,00029,175,00018,525,000
Operating expenses2,924,729,0002,642,999,0002,403,720,0002,116,409,000
Cost and expenses3,646,978,0003,290,501,0002,838,761,0002,488,032,000
Net interest income-14,957,000-13,515,000-6,548,000-12,835,000
Interest income101,584,00062,484,00029,637,00010,099,000
Interest expense116,541,00075,999,00036,185,00022,934,000
Depreciation and amortization233,844,000195,015,000145,743,000135,430,000
EBITDA1,872,428,0001,666,833,0001,463,854,0001,203,727,000
EBIT1,638,584,0001,471,818,0001,318,111,0001,068,297,000
Non-operating income (excl. interest)11,197,000-121,055,000-66,886,0005,389,000
Operating income1,649,781,0001,350,763,0001,251,225,0001,073,686,000
Total other income/expenses (net)-127,738,00045,056,00030,701,000-28,323,000
Income before tax1,522,043,0001,395,819,0001,281,926,0001,045,363,000
Income tax expense413,155,000340,335,000240,782,000196,411,000
Net income from continuing operations1,108,888,0001,055,484,0001,041,144,000848,952,000
Net income from discontinued operations0000
Other adjustments to net income0000
Net income1,108,888,0001,055,484,0001,041,144,000848,952,000
Net income deductions0000
Bottom line net income1,108,888,0001,055,484,0001,041,144,000848,952,000
EPS4443
Diluted EPS4443
Weighted average shares outstanding271,333,000271,212,000269,381,000271,198,000
Weighted average diluted shares outstanding273,312,000273,833,000272,748,000275,011,000

Cadence Design Systems, Inc. Balance Sheet

Total assets
Total liabilities & equity
Liquidity ratio MRQ
—
Current ratio MRQ
—
Long-term debt / assets MRQ
2,480,150,000%
Total debt / assets MRQ
—
Period end31/12/202531/12/202431/12/202331/12/2022
Total assets10,153,148,0008,974,482,0005,669,491,0005,137,071,000
Total liabilities4,678,967,0004,300,904,0002,265,220,0002,391,958,000
Total equity5,474,181,0004,673,578,0003,404,271,0002,745,113,000

All line items

Line item31/12/202531/12/202431/12/202331/12/2022
Cash and cash equivalents3,001,317,0002,644,030,0001,008,152,000882,325,000
Short-term investments0140,625,000130,359,0004,490,000
Cash and short-term investments3,001,317,0002,784,655,0001,138,511,000886,815,000
Net receivables944,939,000680,460,000506,778,000486,710,000
Accounts receivable944,939,000387,209,000489,224,000312,376,000
Other receivables0293,251,00017,554,000174,334,000
Inventory303,545,000257,711,000181,661,000128,005,000
Prepaid expenses0293,253,00024,905,00069,498,000
Other current assets419,872,0000124,362,000135,739,000
Total current assets4,669,673,0004,016,079,0001,976,217,0001,706,767,000
Property, plant and equipment (net)517,004,000604,390,000554,010,000541,830,000
Goodwill2,749,143,0002,378,671,0001,535,845,0001,374,268,000
Intangible assets718,223,000594,734,000336,843,000354,617,000
Goodwill and intangible assets3,467,366,0002,973,405,0001,872,688,0001,728,885,000
Long-term investments0124,086,000138,321,000119,997,000
Tax assets917,733,000982,057,000880,001,000853,691,000
Other non-current assets581,371,999274,465,000248,254,000185,901,000
Total non-current assets5,483,474,9994,958,403,0003,693,274,0003,430,304,000
Other assets0000
Total assets10,153,148,0008,974,482,0005,669,491,0005,137,071,000
Total payables856,856,0005,555,00091,194,00047,113,000
Accounts payable856,856,0005,555,00091,194,00047,113,000
Other payables0000
Accrued expenses0627,137,000485,364,000455,477,000
Short-term debt00349,285,000100,000,000
Capital lease obligations (current)0000
Tax payables0000
Deferred revenue778,435,000737,413,000665,024,000745,106,000
Other current liabilities0000
Total current liabilities1,635,291,0001,370,105,0001,590,867,0001,347,696,000
Long-term debt2,480,150,0002,476,183,000299,771,000648,078,000
Capital lease obligations (non-current)0108,893,000115,358,000139,337,000
Deferred revenue (non-current)155,997,000115,168,00098,931,00091,524,000
Deferred tax liabilities (non-current)0000
Other non-current liabilities407,528,999230,555,000160,293,000165,323,000
Total non-current liabilities3,043,675,9992,930,799,000674,353,0001,044,262,000
Other liabilities0000
Capital lease obligations0108,893,000115,358,000139,337,000
Total liabilities4,678,967,0004,300,904,0002,265,220,0002,391,958,000
Treasury stock-6,344,213,000-5,309,579,000-4,604,323,000-3,824,163,000
Preferred stock0000
Common stock4,719,443,0004,181,737,0003,166,964,0002,765,673,000
Retained earnings7,100,756,0005,991,868,0004,936,384,0003,895,240,000
Additional paid-in capital0000
Accumulated other comprehensive income/loss-1,805,000-190,448,000-94,754,000-91,637,000
Other stockholders' equity0000
Total stockholders' equity5,474,181,0004,673,578,0003,404,271,0002,745,113,000
Total equity5,474,181,0004,673,578,0003,404,271,0002,745,113,000
Minority interest0000
Total liabilities and total equity10,153,148,0008,974,482,0005,669,491,0005,137,071,000
Total investments0264,711,000268,680,000124,487,000
Total debt2,480,150,0002,585,076,000764,414,000887,415,000
Net debt-521,167,000-58,954,000-243,738,0005,090,000

Cadence Design Systems, Inc. Cash Flow Statement

Cash from operations
Cash from investing
Cash flow / share TTM
—
Revenue / share TTM
—
Operating cash flow TTM
—
Period end31/12/202531/12/202431/12/202331/12/2022
Cash from operations1,728,781,0001,260,551,0001,349,176,0001,241,894,000
Cash from investing-460,523,000-837,118,000-412,249,000-738,634,000
Cash from financing-948,975,0001,239,241,000-803,573,000-657,049,000
Net change in cash357,287,0001,635,878,000125,827,000-206,615,000

All line items

Line item31/12/202531/12/202431/12/202331/12/2022
Net income1,108,888,0001,055,484,0001,041,144,000848,952,000
Depreciation and amortization233,844,000195,015,000140,370,000135,430,000
Deferred income tax66,048,000-128,737,000-36,512,000-107,606,000
Stock-based compensation455,175,000391,219,000325,611,000270,439,000
Change in working capital-73,251,000-208,975,000-98,778,00087,545,000
Accounts receivable-274,894,000-180,287,000-11,748,000-138,471,000
Inventory-91,029,000-82,771,000-65,895,000-23,073,000
Accounts payable184,897,00005,415,000113,945,000
Other working capital107,775,00054,083,000-26,550,000135,144,000
Other non-cash items-61,923,000-43,455,000-22,659,0007,134,000
Net cash from operating activities1,728,781,0001,260,551,0001,349,176,0001,241,894,000
Investments in property, plant and equipment-141,871,000-142,542,000-102,337,000-124,215,000
Acquisitions (net)-429,538,000-737,574,000-198,351,000-613,785,000
Purchases of investments-40,895,000-4,982,000-176,170,000-1,000,000
Sales/maturities of investments140,281,00047,980,00064,775,000366,000
Other investing activities11,500,0000-166,0000
Net cash from investing activities-460,523,000-837,118,000-412,249,000-738,634,000
Net debt issuance01,846,595,000-100,000,000300,000,000
Long-term net debt issuance01,846,595,000-100,000,000300,000,000
Short-term net debt issuance0000
Net stock issuance-779,133,000-583,526,000-567,177,000-1,161,955,000
Net common stock issuance-779,133,000-583,526,000-567,177,000-1,056,624,000
Common stock issuance145,901,000204,237,000132,957,000105,331,000
Common stock repurchased-925,034,000-787,763,000-700,134,000-1,161,955,000
Net preferred stock issuance000-105,331,000
Net dividends paid0000
Common dividends paid0000
Preferred dividends paid0000
Other financing activities-169,842,000-23,828,000-136,396,000204,906,000
Net cash from financing activities-948,975,0001,239,241,000-803,573,000-657,049,000
Effect of FX changes on cash38,004,000-26,796,000-7,527,000-52,826,000
Net change in cash357,287,0001,635,878,000125,827,000-206,615,000
Cash at end of period3,001,317,0002,644,030,0001,008,152,000882,325,000
Cash at beginning of period2,644,030,0001,008,152,000882,325,0001,088,940,000
Operating cash flow1,728,781,0001,260,551,0001,349,176,0001,241,894,000
Capital expenditure-141,871,000-142,542,000-102,503,000-124,215,000
Free cash flow1,586,910,0001,118,009,0001,246,673,0001,117,679,000
Income taxes paid0509,979,000253,700,000233,235,000
Interest paid111,951,00043,219,00034,934,00021,122,000