Cadence Design Systems Inc financial data

Symbol
CDNS on Nasdaq
Industry
Services-Prepackaged Software
Location
2655 Seely Avenue Bldg 5, San Jose, California
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
Q1 2024 - Apr 24, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 134 % -4.16%
Quick Ratio 12.2 % +23.2%
Return On Equity 32.2 % +3.8%
Return On Assets 19.1 % +9.36%
Operating Margin 28.9 % -1.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 272 M shares -0.2%
Common Stock, Shares, Outstanding 272 M shares -0.36%
Entity Public Float 63.7 B USD +55.5%
Weighted Average Number of Shares Outstanding, Basic 270 M shares +0.04%
Weighted Average Number of Shares Outstanding, Diluted 274 M shares +0.14%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 4.08 B USD +10.7%
Research and Development Expense 379 M USD +8.18%
Selling and Marketing Expense 704 M USD +11.7%
General and Administrative Expense 258 M USD +4.42%
Costs and Expenses 2.9 B USD +11.3%
Operating Income (Loss) 1.18 B USD +9.42%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1.27 B USD +20.2%
Income Tax Expense (Benefit) 223 M USD +10.9%
Net Income (Loss) Attributable to Parent 1.05 B USD +22.4%
Earnings Per Share, Basic 3.88 USD/shares +22.4%
Earnings Per Share, Diluted 3.84 USD/shares +22.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.01 B USD +10.4%
Inventory, Net 186 M USD +45.6%
Assets, Current 1.93 B USD +13.6%
Deferred Income Tax Assets, Net 887 M USD +2.52%
Property, Plant and Equipment, Net 433 M USD +16.1%
Operating Lease, Right-of-Use Asset 151 M USD -11.5%
Intangible Assets, Net (Excluding Goodwill) 335 M USD -2.08%
Goodwill 1.58 B USD +14.3%
Other Assets, Noncurrent 248 M USD +33.5%
Assets 5.72 B USD +10.6%
Employee-related Liabilities, Current 294 M USD -0.17%
Contract with Customer, Liability, Current 660 M USD -8.54%
Liabilities, Current 1.47 B USD +24.1%
Contract with Customer, Liability, Noncurrent 87 M USD -15.1%
Operating Lease, Liability, Noncurrent 115 M USD -17.2%
Other Liabilities, Noncurrent 302 M USD +1.15%
Common Stocks, Including Additional Paid in Capital 3.33 B USD +15.7%
Accumulated Other Comprehensive Income (Loss), Net of Tax -108 M USD -23.4%
Retained Earnings (Accumulated Deficit) 5.18 B USD +25.3%
Stockholders' Equity Attributable to Parent 3.57 B USD +21.3%
Liabilities and Equity 5.72 B USD +10.6%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 253 M USD -5.3%
Net Cash Provided by (Used in) Financing Activities -159 M USD +19.2%
Net Cash Provided by (Used in) Investing Activities -79.8 M USD -124%
Common Stock, Shares Authorized 600 M shares 0%
Common Stock, Shares, Issued 272 M 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 4.27 M USD -87.7%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.01 B USD +10.4%
Interest Paid, Excluding Capitalized Interest, Operating Activities 4.9 M USD -4.65%
Deferred Tax Assets, Valuation Allowance 79.2 M USD +13%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure
Deferred Tax Assets, Gross 1.15 B USD +5.42%
Operating Lease, Liability 157 M USD -10.8%
Depreciation 78.4 M USD +13.5%
Payments to Acquire Property, Plant, and Equipment 49.6 M USD +85.6%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 1.03 B USD +25.8%
Lessee, Operating Lease, Liability, to be Paid 177 M USD -11.5%
Property, Plant and Equipment, Gross 1.24 B USD +7.98%
Operating Lease, Liability, Current 41.6 M USD +13.3%
Lessee, Operating Lease, Liability, to be Paid, Year Two 36.4 M USD -8.17%
Lessee, Operating Lease, Liability, to be Paid, Year One 45.3 M USD +9.92%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure 0%
Deferred Income Tax Expense (Benefit) -1.52 M USD +86.9%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 20.4 M USD -16%
Lessee, Operating Lease, Liability, to be Paid, Year Three 27.1 M USD -13.4%
Deferred Tax Assets, Operating Loss Carryforwards 9.6 M USD -13.4%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) -87.9 M USD -11%
Current Income Tax Expense (Benefit) 277 M USD -8.79%
Preferred Stock, Shares Authorized 400 K shares 0%
Unrecognized Tax Benefits 94.3 M USD -25.2%
Lessee, Operating Lease, Liability, to be Paid, Year Four 16.8 M USD -23.1%
Operating Lease, Payments 46.1 M USD +34.2%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 15.9 M USD +119%
Current Federal Tax Expense (Benefit) 156 M USD -26.3%
Amortization of Intangible Assets 19.3 M USD +8.6%
Depreciation, Depletion and Amortization 39.6 M USD +15%
Deferred Tax Assets, Net of Valuation Allowance 1.07 B USD +4.91%
Deferred State and Local Income Tax Expense (Benefit) 25.4 M USD
Interest Expense 35.6 M USD +26.8%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%