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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7105376934687111,023633
Cash and cash equivalents705533688465617932536
Short-term investments5443949097
Receivables305297190157165122108
Inventory, net of allowances, customer advances and progress billings56283339575650
Inventory56283339575650
Prepaid expense    323232
Derivative instruments and hedges, assets     524307
Other undisclosed current assets99896437 9492
Total current assets:1,1699519807029651,8521,221
Noncurrent Assets
Operating lease, right-of-use asset100
Property, plant and equipment276253251239229230239
Long-term investments and receivables139124121341010
Long-term investments136118   67
Accounts and financing receivable, after allowance for credit loss361213444
Intangible assets, net (including goodwill)834888945832848915769
Goodwill662662666573552554457
Intangible assets, net (excluding goodwill)172225279259296361312
Deferred costs3428   27 
Other noncurrent assets10798230312305209197
Other undisclosed noncurrent assets697128   (33)(7)
Total noncurrent assets:2,1881,5181,4391,3951,3861,3581,208
TOTAL ASSETS:3,3572,4692,4192,0972,3513,2102,429
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:317257221239238225217
Accounts payable 554251225
Accrued liabilities1175948424653 
Employee-related liabilities200192164175156152145
Taxes payable  41811911
Other undisclosed accounts payable and accrued liabilities      36
Deferred revenue355
Debt 1008550 342325
Derivative instruments and hedges, liabilities     524307
Deferred revenue and credits336296298301300
Other undisclosed current liabilities 352     
Total current liabilities:6727096425865361,3931,148
Noncurrent Liabilities
Long-term debt and lease obligation346345644643349349 
Long-term debt, excluding current maturities346345644643349349 
Liabilities, other than long-term debt2367714312690153136
Deferred revenue and credits6267305553
Accounts payable and accrued liabilities     19 
Accrued income taxes11
Deferred revenue73
Other liabilities163778159607971
Other undisclosed noncurrent liabilities 49   (19)(11)
Total noncurrent liabilities:582471787770439483124
Total liabilities:1,2541,1801,4301,3559751,8761,272
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1031,2889897421,3761,3341,156
Treasury stock, value(1,668)(1,396)(1,178)(1,190)(401)(204)(140)
Accumulated other comprehensive income (loss)(37)(25)(4)(25)(12)1224
Retained earnings (accumulated deficit)1,762773341137(74)(326)(485)
Other undisclosed stockholders' equity attributable to parent2,0461,9361,8301,8201,8631,8511,757
Total stockholders' equity:2,1031,2889897421,3761,3341,156
TOTAL LIABILITIES AND EQUITY:3,3572,4692,4192,0972,3513,2102,429

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,3362,1381,9431,8161,7021,5831,460
Revenue, net1,9431,8161,7021,5811,460
Cost of revenue(263)(254)(237)(256)(238)(220)(192)
Cost of goods and services sold(41) (81)(73)(83)(67)(68)
Gross profit:2,0731,8841,7061,5601,4641,3631,269
Operating expenses(1,581)(1,488)(1,382)(1,315)(1,178)(1,154)(1,080)
Other undisclosed operating loss     (3) 
Operating income:492396324245285207189
Nonoperating income631716101710
Investment income, nonoperating     72
Other nonoperating income6317161088
Interest and debt expense(19)(23)(26)(24)(28)(34)(38)
Income from continuing operations before equity method investments, income taxes:479376315237268189161
Other undisclosed loss from continuing operations before income taxes     (8)(2)
Income from continuing operations before income taxes:479376315237268181159
Income tax expense (benefit)510(31)(111)(34)(15)(22)5
Net income available to common stockholders, diluted:989346204203252159164

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:989346204203252159164
Other comprehensive income (loss)(12)(19)22(13)(25)(12)(20)
Comprehensive income, net of tax, attributable to parent:977327226190228147145

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: