Cadence Design Systems, Inc. (CDNS) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,089933710537693468
Cash and cash equivalents1,089928705533688465
Short-term investments 45443
Receivables338338305297190157
Inventory, net of allowances, customer advances and progress billings1167656283339
Inventory1167656283339
Prepaid expense174     
Other undisclosed current assets 13199896437
Total current assets:1,7161,4791,169951980702
Noncurrent Assets
Operating lease, right-of-use asset130133100
Property, plant and equipment306311276253251239
Long-term investments and receivables  1391241213
Long-term investments  136118  
Accounts and financing receivable, after allowance for credit loss  361213
Intangible assets, net (including goodwill)1,162993834888945832
Goodwill928782662662666573
Intangible assets, net (excluding goodwill)233211172225279259
Deferred costs  3428  
Deferred income tax assets764732 
Other noncurrent assets18217110798230312
Other undisclosed noncurrent assets128132697128  
Total noncurrent assets:2,6712,4722,1881,5181,4391,395
TOTAL ASSETS:4,3863,9513,3572,4692,4192,097
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:417350317257221239
Accounts payable   554
Accrued liabilities99131117594842
Employee-related liabilities254219200192164175
Taxes payable    418
Other undisclosed accounts payable and accrued liabilities64     
Deferred revenue554447355
Debt   1008550
Deferred revenue and credits336296
Other undisclosed current liabilities   352  
Total current liabilities:971797672709642586
Noncurrent Liabilities
Long-term debt and lease obligation348347346345644643
Long-term debt, excluding current maturities348347346345644643
Liabilities, other than long-term debt32731423677143126
Deferred revenue and credits6267
Deferred revenue10110773
Other liabilities226207163778159
Other undisclosed noncurrent liabilities   49  
Total noncurrent liabilities:674661582471787770
Total liabilities:1,6461,4581,2541,1801,4301,355
Stockholders' equity
Stockholders' equity attributable to parent, including:2,7412,4932,1031,288989742
Treasury stock, value(2,740)(2,058)(1,668)(1,396)(1,178)(1,190)
Accumulated other comprehensive loss(33)(17)(37)(25)(4)(25)
Retained earnings3,0462,3501,762773341137
Other undisclosed stockholders' equity attributable to parent2,4682,2182,0461,9361,8301,820
Total stockholders' equity:2,7412,4932,1031,288989742
TOTAL LIABILITIES AND EQUITY:4,3863,9513,3572,4692,4192,097

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues2,9882,6832,3362,1381,9431,816
Revenue, net1,9431,816
Cost of revenue(306)(301)(263)(254)(237)(256)
Cost of goods and services sold(48)(46)(41) (81)(73)
Gross profit:2,6822,3812,0731,8841,7061,560
Operating expenses(1,903)(1,736)(1,581)(1,488)(1,382)(1,315)
Operating income:779646492396324245
Nonoperating income
(Other Nonoperating income)
68631716
Interest and debt expense(17)(21)(19)(23)(26)(24)
Income from continuing operations before income taxes:768633479376315237
Income tax expense (benefit)(72)(42)510(31)(111)(34)
Net income available to common stockholders, diluted:696591989346204203

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:696591989346204203
Other comprehensive income (loss)(16)20(12)(19)22(13)
Comprehensive income, net of tax, attributable to parent:680610977327226190

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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