Cadence Design Systems Inc financial data

Symbol
CDNS on Nasdaq
Industry
Services-Prepackaged Software
Location
2655 Seely Avenue Bldg 5, San Jose, CA
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Jul 24, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 135 % +0.41%
Quick Ratio 12 % +17.4%
Return On Equity 29.4 % -6.54%
Return On Assets 17.6 % +0.8%
Operating Margin 28.2 % -2.02%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 274M shares +0.75%
Common Stock, Shares, Outstanding 272M shares -0.36%
Entity Public Float 63.7B USD +55.5%
Weighted Average Number of Shares Outstanding, Basic 271M shares +0.44%
Weighted Average Number of Shares Outstanding, Diluted 274M shares +0.19%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 4.16B USD +9.49%
Research and Development Expense 371M USD +4.61%
Selling and Marketing Expense 724M USD +9.94%
General and Administrative Expense 266M USD +6.63%
Costs and Expenses 2.99B USD +10.4%
Operating Income (Loss) 1.17B USD +7.28%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1.29B USD +18.9%
Income Tax Expense (Benefit) 232M USD +20.4%
Net Income (Loss) Attributable to Parent 1.06B USD +18.6%
Earnings Per Share, Basic 3.91 USD/shares +18.5%
Earnings Per Share, Diluted 3.87 USD/shares +18.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.06B USD +21.2%
Inventory, Net 172M USD +22.9%
Assets, Current 2.2B USD +33.7%
Deferred Income Tax Assets, Net 893M USD +2.39%
Property, Plant and Equipment, Net 449M USD +21.4%
Operating Lease, Right-of-Use Asset 151M USD -11.5%
Intangible Assets, Net (Excluding Goodwill) 664M USD +94.9%
Goodwill 2.42B USD +69.2%
Other Assets, Noncurrent 248M USD +33.5%
Assets 7.23B USD +40.2%
Employee-related Liabilities, Current 294M USD -0.17%
Contract with Customer, Liability, Current 679M USD -1.12%
Liabilities, Current 1.53B USD +28.2%
Contract with Customer, Liability, Noncurrent 88.8M USD -8.1%
Operating Lease, Liability, Noncurrent 115M USD -17.2%
Other Liabilities, Noncurrent 343M USD +12.5%
Common Stocks, Including Additional Paid in Capital 3.93B USD +35.6%
Accumulated Other Comprehensive Income (Loss), Net of Tax -109M USD -20.6%
Retained Earnings (Accumulated Deficit) 5.41B USD +24.2%
Stockholders' Equity Attributable to Parent 4.26B USD +46.5%
Liabilities and Equity 7.23B USD +40.2%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 253M USD -5.3%
Net Cash Provided by (Used in) Financing Activities -159M USD +19.2%
Net Cash Provided by (Used in) Investing Activities -79.8M USD -124%
Common Stock, Shares Authorized 600M shares 0%
Common Stock, Shares, Issued 272M shares -0.36%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 4.27M USD -87.7%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.06B USD +21.2%
Interest Paid, Excluding Capitalized Interest, Operating Activities 4.9M USD -4.65%
Deferred Tax Assets, Valuation Allowance 79.2M USD +13%
Deferred Tax Assets, Gross 1.15B USD +5.42%
Operating Lease, Liability 157M USD -10.8%
Payments to Acquire Property, Plant, and Equipment 49.6M USD +85.6%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 1.04B USD +17.7%
Lessee, Operating Lease, Liability, to be Paid 177M USD -11.5%
Property, Plant and Equipment, Gross 1.24B USD +7.98%
Operating Lease, Liability, Current 41.6M USD +13.3%
Lessee, Operating Lease, Liability, to be Paid, Year Two 36.4M USD -8.17%
Lessee, Operating Lease, Liability, to be Paid, Year One 45.3M USD +9.92%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure 0%
Deferred Income Tax Expense (Benefit) -1.52M USD +86.9%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 20.4M USD -16%
Lessee, Operating Lease, Liability, to be Paid, Year Three 27.1M USD -13.4%
Deferred Tax Assets, Operating Loss Carryforwards 9.6M USD -13.4%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 400K shares 0%
Unrecognized Tax Benefits 94.3M USD -25.2%
Lessee, Operating Lease, Liability, to be Paid, Year Four 16.8M USD -23.1%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 21.7M USD +24.2%
Depreciation, Depletion and Amortization 39.6M USD +15%
Deferred Tax Assets, Net of Valuation Allowance 1.07B USD +4.91%
Interest Expense 39.6M USD +21.3%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%