Cadence Design Systems, Inc. (CDNS) financial statements (2021 and earlier)

Company profile

Business Address 2655 SEELY AVENUE BLDG 5
SAN JOSE, CA 95134
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9337105376934687111,023
Cash and cash equivalents928705533688465617932
Short-term investments454439490
Receivables338305297190157165122
Inventory, net of allowances, customer advances and progress billings76562833395756
Inventory76562833395756
Prepaid expense     3232
Derivative instruments and hedges, assets      524
Other undisclosed current assets13199896437 94
Total current assets:1,4791,1699519807029651,852
Noncurrent Assets
Operating lease, right-of-use asset133100
Property, plant and equipment311276253251239229230
Long-term investments and receivables 1391241213410
Long-term investments 136118   6
Accounts and financing receivable, after allowance for credit loss 36121344
Intangible assets, net (including goodwill)993834888945832848915
Goodwill782662662666573552554
Intangible assets, net (excluding goodwill)211172225279259296361
Deferred costs 3428   27
Deferred income tax assets732 
Other noncurrent assets17110798230312305209
Other undisclosed noncurrent assets132697128   (33)
Total noncurrent assets:2,4722,1881,5181,4391,3951,3861,358
TOTAL ASSETS:3,9513,3572,4692,4192,0972,3513,210
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities350317257221239238225
Accounts payable  5542512
Accrued liabilities1311175948424653
Employee-related liabilities219200192164175156152
Taxes payable   418119
Deferred revenue447355
Debt  1008550 342
Derivative instruments and hedges, liabilities      524
Deferred revenue and credits336296298301
Other undisclosed current liabilities  352    
Total current liabilities:7976727096425865361,393
Noncurrent Liabilities
Long-term debt and lease obligation347346345644643349349
Long-term debt, excluding current maturities347346345644643349349
Liabilities, other than long-term debt3142367714312690153
Deferred revenue and credits62673055
Accounts payable and accrued liabilities      19
Deferred revenue10773
Other liabilities2071637781596079
Other undisclosed noncurrent liabilities  49   (19)
Total noncurrent liabilities:661582471787770439483
Total liabilities:1,4581,2541,1801,4301,3559751,876
Stockholders' equity
Stockholders' equity attributable to parent, including:2,4932,1031,2889897421,3761,334
Treasury stock, value(2,058)(1,668)(1,396)(1,178)(1,190)(401)(204)
Accumulated other comprehensive income (loss)(17)(37)(25)(4)(25)(12)12
Retained earnings (accumulated deficit)2,3501,762773341137(74)(326)
Other undisclosed stockholders' equity attributable to parent2,2182,0461,9361,8301,8201,8631,851
Total stockholders' equity:2,4932,1031,2889897421,3761,334
TOTAL LIABILITIES AND EQUITY:3,9513,3572,4692,4192,0972,3513,210

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,6832,3362,1381,9431,8161,7021,583
Revenue, net1,9431,8161,7021,581
Cost of revenue(301)(263)(254)(237)(256)(238)(220)
Cost of goods and services sold(46)(41) (81)(73)(83)(67)
Gross profit:2,3812,0731,8841,7061,5601,4641,363
Operating expenses(1,736)(1,581)(1,488)(1,382)(1,315)(1,178)(1,154)
Other undisclosed operating loss      (3)
Operating income:646492396324245285207
Nonoperating income86317161017
Investment income, nonoperating      7
Other nonoperating income8631716108
Interest and debt expense(21)(19)(23)(26)(24)(28)(34)
Income from continuing operations before equity method investments, income taxes:633479376315237268189
Other undisclosed loss from continuing operations before income taxes      (8)
Income from continuing operations before income taxes:633479376315237268181
Income tax expense (benefit)(42)510(31)(111)(34)(15)(22)
Net income available to common stockholders, diluted:591989346204203252159

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:591989346204203252159
Other comprehensive income (loss)20(12)(19)22(13)(25)(12)
Comprehensive income, net of tax, attributable to parent:610977327226190228147

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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