Cadence Design Systems (CDNS) Financials

$260.56 +1.09 (+0.42%)

As of 04:00 PM Eastern

Annual Income Statements for Cadence Design Systems

This table shows Cadence Design Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	252	203	204	346	989	591	696	849	1,041	1,055
Consolidated Net Income / (Loss)	252	203	204	346	989	591	696	849	1,041	1,055
Net Income / (Loss) Continuing Operations	252	203	204	346	989	591	696	849	1,041	1,055
Total Pre-Tax Income	268	237	315	376	479	633	768	1,045	1,282	1,396
Total Operating Income	285	245	324	396	492	646	779	1,074	1,251	1,351
Total Gross Profit	1,464	1,560	1,706	1,879	2,070	2,377	2,681	3,190	3,655	3,994
Total Revenue	1,702	1,816	1,943	2,138	2,336	2,683	2,988	3,562	4,090	4,641
Operating Revenue	1,702	1,816	1,943	2,138	2,336	2,683	2,988	3,562	4,090	4,641
Total Cost of Revenue	238	256	237	259	266	305	307	372	435	648
Operating Cost of Revenue	238	256	237	259	266	305	307	372	435	648
Total Operating Expenses	1,178	1,315	1,382	1,483	1,578	1,732	1,902	2,116	2,404	2,643
Selling, General & Admin Expense	110	125	134	133	140	154	189	242	242	282
Marketing Expense	402	395	419	440	482	516	560	604	690	757
Research & Development Expense	638	735	804	885	936	1,034	1,134	1,252	1,442	1,549
Amortization Expense	24	18	15	14	12	18	20	18	18	30
Restructuring Charge	4.51	41	9.41	11	8.62	9.22	-1.05	0.06	11	24
Total Other Income / (Expense), net	-18	-7.75	-8.91	-20	-13	-13	-11	-28	31	45
Interest Expense	28	24	26	23	19	21	17	23	36	76
Other Income / (Expense), net	10	16	17	3.32	6.00	7.95	6.33	-5.39	67	121
Income Tax Expense	15	34	111	31	-510	42	72	196	241	340
Basic Earnings per Share	$0.88	$0.71	$0.75	$1.26	$3.62	$2.16	$2.54	$3.13	$3.86	$3.89
Weighted Average Basic Shares Outstanding	288.02M	284.50M	272.10M	273.73M	273.24M	273.73M	273.50M	271.20M	269.38M	271.21M
Diluted Earnings per Share	$0.81	$0.70	$0.73	$1.23	$3.53	$2.11	$2.50	$3.09	$3.82	$3.85
Weighted Average Diluted Shares Outstanding	312.30M	291.26M	280.22M	281.14M	280.52M	279.64M	278.86M	275.01M	272.75M	273.83M
Weighted Average Basic & Diluted Shares Outstanding	286.80M	286M	272.10M	270.10M	280.17M	278.97M	277.34M	272.94M	272.24M	274.11M

This table shows Cadence Design Systems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	186	240	242	221	254	324	248	230	238	340
Consolidated Net Income / (Loss)	186	240	242	221	254	324	248	230	238	340
Net Income / (Loss) Continuing Operations	186	240	242	221	254	324	248	230	238	340
Total Pre-Tax Income	252	211	321	298	300	362	310	316	333	437
Total Operating Income	261	211	322	299	293	337	250	294	350	457
Total Gross Profit	815	806	897	880	914	964	884	921	1,052	1,136
Total Revenue	903	900	1,022	977	1,023	1,069	1,009	1,061	1,215	1,356
Total Cost of Revenue	88	94	124	97	110	104	125	139	163	220
Operating Cost of Revenue	88	94	124	97	110	104	125	139	163	220
Total Operating Expenses	554	595	575	580	621	628	634	628	702	679
Selling, General & Admin Expense	74	68	54	55	59	76	69	63	72	79
Marketing Expense	153	172	167	167	176	180	181	187	190	200
Research & Development Expense	324	350	350	354	370	367	379	371	407	392
Amortization Expense	3.95	4.93	4.27	4.30	4.61	4.98	5.41	6.67	9.15	9.15
Restructuring Charge	0.01	0.01	0.00	0.00	12	-0.57	0.28	-0.03	25	-1.02
Total Other Income / (Expense), net	-8.48	-0.59	-0.98	-0.90	7.05	26	60	22	-17	-20
Interest Expense	5.46	9.08	9.26	8.88	9.06	8.99	8.69	13	24	30
Other Income / (Expense), net	-3.02	8.49	8.28	7.97	16	35	69	35	7.85	9.68
Income Tax Expense	66	-30	80	77	46	38	62	86	95	96
Basic Earnings per Share	$0.69	$0.89	$0.90	$0.82	$0.94	$1.20	$0.92	$0.85	$0.87	$1.25
Weighted Average Basic Shares Outstanding	271.13M	271.20M	269.50M	269.71M	269.23M	269.38M	269.61M	270.91M	272.24M	271.21M
Diluted Earnings per Share	$0.68	$0.88	$0.89	$0.81	$0.93	$1.19	$0.91	$0.84	$0.87	$1.23
Weighted Average Diluted Shares Outstanding	274.96M	275.01M	273.16M	273.00M	272.43M	272.75M	273.54M	273.52M	273.96M	273.83M
Weighted Average Basic & Diluted Shares Outstanding	274.32M	272.94M	272.68M	271.79M	272.06M	272.24M	272.13M	273.82M	274.26M	274.11M

This table details how cash moves in and out of Cadence Design Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-315	-151	223	-155	172	223	161	-207	126	1,636
Net Cash From Operating Activities	378	445	471	605	730	905	1,101	1,242	1,349	1,261
Net Cash From Continuing Operating Activities	378	445	471	605	730	905	1,101	1,242	1,349	1,261
Net Income / (Loss) Continuing Operations	252	203	204	346	989	591	696	849	1,041	1,055
Consolidated Net Income / (Loss)	252	203	204	346	989	591	696	849	1,041	1,055
Depreciation Expense	118	120	116	119	123	146	142	132	145	197
Amortization Expense	9.40	1.07	1.21	1.20	1.56	5.54	-10	4.48	1.71	1.55
Non-Cash Adjustments To Reconcile Net Income	91	108	124	173	187	205	210	276	296	344
Changes in Operating Assets and Liabilities, net	-93	13	26	-34	-570	-42	63	-20	-135	-338
Net Cash From Investing Activities	-45	1.36	-191	-174	-106	-292	-293	-739	-412	-837
Net Cash From Continuing Investing Activities	-45	1.36	-191	-174	-106	-292	-293	-739	-412	-837
Purchase of Property, Plant & Equipment	-45	-54	-58	-62	-75	-95	-65	-123	-102	-143
Acquisitions	0.00	-42	-143	0.00	-0.34	-198	-228	-615	-199	-738
Purchase of Investments	-97	-21	0.00	-116	-34	0.00	0.00	-1.00	-176	-4.98
Sale and/or Maturity of Investments	97	116	9.94	3.50	2.95	0.22	0.13	0.37	65	48
Net Cash From Financing Activities	-626	-593	-70	-568	-444	-415	-644	-657	-804	1,239
Net Cash From Continuing Financing Activities	-626	-593	-70	-568	-444	-415	-644	-657	-804	1,239
Repayment of Debt	-350	-66	-101	-385	-250	-350	-1.29	-485	-150	-1,374
Repurchase of Common Equity	-333	-960	-100	-250	-306	-380	-612	-1,050	-700	-550
Issuance of Debt	0.00	415	135	100	150	350	0.00	885	50	3,197
Issuance of Common Equity	75	55	49	41	53	75	88	105	133	204
Other Financing Activities, net	-18	-37	-53	-74	-91	-110	-118	-112	-136	-238
Effect of Exchange Rate Changes	-23	-4.99	13	-18	-8.09	26	-3.70	-53	-7.53	-27
Cash Interest Paid	20	21	24	23	18	20	16	21	35	43
Cash Income Taxes Paid	29	37	59	68	42	106	146	233	254	510

This table details how cash moves in and out of Cadence Design Systems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-3.49	-144	35	-43	88	46	4.27	47	1,727	-142
Net Cash From Operating Activities	317	264	267	414	396	272	253	156	410	441
Net Cash From Continuing Operating Activities	317	264	267	414	396	272	253	156	410	441
Net Income / (Loss) Continuing Operations	186	240	242	221	254	324	248	230	238	340
Consolidated Net Income / (Loss)	186	240	242	221	254	324	248	230	238	340
Depreciation Expense	30	34	34	36	36	39	40	48	55	55
Amortization Expense	-2.35	4.55	-1.08	-1.84	1.18	3.46	-0.60	-0.13	2.01	0.27
Non-Cash Adjustments To Reconcile Net Income	76	74	74	80	76	66	33	63	126	123
Changes in Operating Assets and Liabilities, net	27	-89	-82	79	28	-160	-66	-184	-11	-76
Net Cash From Investing Activities	-606	-64	-36	-94	-184	-99	-80	-678	-39	-40
Net Cash From Continuing Investing Activities	-606	-64	-36	-94	-184	-99	-80	-678	-39	-40
Purchase of Property, Plant & Equipment	-44	-37	-27	-20	-22	-34	-50	-29	-27	-37
Acquisitions	-561	-28	0.00	-55	-109	-35	-71	-649	-15	-2.25
Purchase of Investments	-	-	-9.06	-20	-116	-31	-2.10	-	-	-2.89
Sale and/or Maturity of Investments	-	0.37	0.10	1.40	63	0.60	43	0.49	1.79	2.32
Net Cash From Financing Activities	313	-357	-197	-354	-114	-138	-159	575	1,335	-511
Net Cash From Continuing Financing Activities	313	-357	-197	-354	-114	-138	-159	575	1,335	-511
Repayment of Debt	-300	-185	-120	-30	-	-	0.00	-0.94	-1,022	-351
Repurchase of Common Equity	-150	-300	-125	-325	-125	-125	-125	-125	-150	-150
Issuance of Common Equity	53	1.65	65	12	54	1.62	117	17	61	10
Other Financing Activities, net	-40	-8.77	-68	-11	-43	-14	-151	-16	-51	-20
Effect of Exchange Rate Changes	-29	14	0.26	-8.49	-9.66	10	-9.79	-6.16	21	-32
Cash Interest Paid	0.54	13	5.14	12	4.66	13	4.90	16	14	7.90
Cash Income Taxes Paid	69	85	20	42	43	149	24	174	99	214

This table presents Cadence Design Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,346	2,097	2,419	2,469	3,357	3,951	4,386	5,137	5,669	8,974
Total Current Assets	964	702	980	951	1,169	1,479	1,716	1,707	1,976	4,016
Cash & Equivalents	617	465	688	533	705	928	1,089	882	1,008	2,644
Accounts Receivable	165	157	190	297	305	338	338	487	489	680
Inventories, net	57	39	33	28	56	76	116	128	182	258
Prepaid Expenses	31	37	68	93	104	136	174	210	297	434
Plant, Property, & Equipment, net	229	239	251	253	276	311	306	371	403	458
Total Noncurrent Assets	1,153	1,156	1,187	1,265	1,912	2,161	2,365	3,059	3,290	4,500
Goodwill	552	573	666	662	662	782	928	1,374	1,536	2,379
Intangible Assets	296	259	279	225	172	211	233	355	337	595
Noncurrent Deferred & Refundable Income Taxes	-	-	-	155	732	732	764	854	880	982
Other Noncurrent Operating Assets	300	312	230	222	345	436	439	476	537	545
Total Liabilities & Shareholders' Equity	2,346	2,097	2,419	2,469	3,357	3,951	4,386	5,137	5,669	8,974
Total Liabilities	969	1,355	1,430	1,180	1,254	1,458	1,646	2,392	2,265	4,301
Total Current Liabilities	536	586	642	709	672	797	971	1,348	1,591	1,370
Short-Term Debt	0.00	50	85	100	0.00	-	0.00	100	349	0.00
Accounts Payable	238	239	221	257	317	350	417	557	577	633
Current Deferred Revenue	298	296	336	352	355	447	554	691	665	737
Total Noncurrent Liabilities	433	770	787	471	582	661	674	1,044	674	2,931
Long-Term Debt	343	643	644	345	346	347	348	648	300	2,476
Noncurrent Deferred Revenue	30	67	62	49	73	107	101	92	99	115
Other Noncurrent Operating Liabilities	60	59	81	77	163	207	226	305	276	339
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,376	742	989	1,288	2,103	2,493	2,741	2,745	3,404	4,674
Total Preferred & Common Equity	1,376	742	989	1,288	2,103	2,493	2,741	2,745	3,404	4,674
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,376	742	989	1,288	2,103	2,493	2,741	2,745	3,404	4,674
Common Stock	1,863	1,820	1,830	1,936	2,046	2,218	2,468	2,766	3,167	4,182
Retained Earnings	-74	137	341	773	1,762	2,350	3,046	3,895	4,936	5,992
Treasury Stock	-401	-1,190	-1,178	-1,396	-1,668	-2,058	-2,740	-3,824	-4,604	-5,310
Accumulated Other Comprehensive Income / (Loss)	-12	-25	-3.63	-25	-37	-17	-33	-92	-95	-190

This table presents Cadence Design Systems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	4,968	5,137	5,172	5,155	5,431	5,669	5,722	7,226	9,167	8,974
Total Current Assets	1,670	1,707	1,699	1,643	1,824	1,976	1,930	2,196	4,100	4,016
Cash & Equivalents	1,026	882	917	874	962	1,008	1,012	1,059	2,786	2,644
Accounts Receivable	391	487	488	441	427	489	390	565	561	680
Inventories, net	114	128	128	140	164	182	186	172	293	258
Prepaid Expenses	139	210	166	189	272	297	342	401	460	434
Plant, Property, & Equipment, net	348	371	373	370	380	403	433	449	449	458
Total Noncurrent Assets	2,949	3,059	3,100	3,142	3,227	3,290	3,359	4,580	4,618	4,500
Goodwill	1,348	1,374	1,378	1,429	1,500	1,536	1,575	2,418	2,493	2,379
Intangible Assets	354	355	342	341	348	337	335	664	662	595
Noncurrent Deferred & Refundable Income Taxes	783	854	865	872	875	880	887	893	890	982
Other Noncurrent Operating Assets	464	476	516	500	504	537	563	605	573	545
Total Liabilities & Shareholders' Equity	4,968	5,137	5,172	5,155	5,431	5,669	5,722	7,226	9,167	8,974
Total Liabilities	2,260	2,392	2,231	2,247	2,317	2,265	2,155	2,965	4,604	4,301
Total Current Liabilities	1,257	1,348	1,181	1,196	1,264	1,591	1,466	1,534	1,675	1,370
Short-Term Debt	150	100	30	0.00	0.00	349	350	350	350	0.00
Accounts Payable	455	557	430	510	598	577	457	505	627	633
Current Deferred Revenue	652	691	721	686	666	665	660	679	698	737
Total Noncurrent Liabilities	1,003	1,044	1,049	1,050	1,053	674	689	1,431	2,929	2,931
Long-Term Debt	648	648	648	649	649	300	300	999	2,475	2,476
Noncurrent Deferred Revenue	102	92	103	97	101	99	87	89	102	115
Other Noncurrent Operating Liabilities	253	305	299	305	304	276	302	343	351	339
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,708	2,745	2,941	2,908	3,114	3,404	3,568	4,261	4,563	4,674
Total Preferred & Common Equity	2,708	2,745	2,941	2,908	3,114	3,404	3,568	4,261	4,563	4,674
Preferred Stock	-	0.00	-	-	-	0.00	-	-	-	0.00
Total Common Equity	2,708	2,745	2,941	2,908	3,114	3,404	3,568	4,261	4,563	4,674
Common Stock	2,698	2,766	2,879	2,898	3,078	3,167	3,332	3,928	4,068	4,182
Retained Earnings	3,655	3,895	4,137	4,358	4,612	4,936	5,184	5,414	5,652	5,992
Treasury Stock	-3,522	-3,824	-3,988	-4,257	-4,463	-4,604	-4,840	-4,972	-5,142	-5,310
Accumulated Other Comprehensive Income / (Loss)	-122	-92	-87	-91	-113	-95	-108	-109	-14	-190

This table displays calculated financial ratios and metrics derived from Cadence Design Systems' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.66%	6.70%	6.99%	10.04%	9.27%	14.83%	11.38%	19.19%	14.83%	13.48%
EBITDA Growth	20.55%	-9.92%	19.91%	13.55%	19.77%	29.34%	14.00%	31.34%	21.60%	14.01%
EBIT Growth	37.55%	-11.86%	30.63%	17.26%	24.60%	31.28%	20.19%	36.02%	23.38%	11.66%
NOPAT Growth	48.42%	-22.11%	0.07%	73.43%	178.99%	-40.66%	17.09%	23.58%	16.54%	0.51%
Net Income Growth	58.85%	-19.54%	0.50%	69.41%	186.02%	-40.28%	17.83%	21.98%	22.64%	1.38%
EPS Growth	55.77%	-13.58%	4.29%	68.49%	186.99%	-40.23%	18.48%	23.60%	23.62%	0.79%
Operating Cash Flow Growth	19.41%	17.63%	5.81%	28.47%	20.64%	24.03%	21.66%	12.80%	8.64%	-6.57%
Free Cash Flow Firm Growth	869.34%	-4.63%	-41.68%	32.60%	143.29%	-7.89%	42.02%	-57.84%	123.46%	-175.47%
Invested Capital Growth	0.61%	-4.09%	6.57%	16.49%	45.26%	9.62%	4.60%	30.59%	16.63%	47.96%
Revenue Q/Q Growth	1.07%	1.56%	1.71%	3.29%	1.29%	6.36%	0.44%	3.69%	4.30%	6.60%
EBITDA Q/Q Growth	-0.22%	-6.38%	5.57%	6.14%	-0.85%	13.36%	-1.09%	3.06%	11.83%	6.95%
EBIT Q/Q Growth	1.96%	-8.99%	7.94%	7.91%	-0.66%	14.23%	0.93%	2.03%	12.98%	6.94%
NOPAT Q/Q Growth	3.68%	-17.07%	-19.85%	48.07%	130.52%	-45.75%	0.77%	7.98%	6.55%	5.55%
Net Income Q/Q Growth	6.47%	-17.10%	-20.59%	48.46%	131.22%	-45.14%	0.41%	8.13%	8.72%	1.57%
EPS Q/Q Growth	5.19%	-14.63%	-20.65%	50.00%	132.24%	-45.19%	0.81%	8.42%	8.83%	1.05%
Operating Cash Flow Q/Q Growth	-2.38%	19.96%	-12.95%	0.84%	3.90%	-2.56%	7.87%	4.00%	0.63%	15.51%
Free Cash Flow Firm Q/Q Growth	-0.52%	33.65%	-61.14%	17.07%	46.57%	-12.28%	18.52%	-10.97%	-8.06%	47.35%
Invested Capital Q/Q Growth	-1.36%	-11.06%	5.97%	14.05%	48.92%	7.04%	1.76%	5.28%	8.73%	-2.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	85.99%	85.88%	87.78%	87.90%	88.60%	88.61%	89.73%	89.57%	89.36%	86.05%
EBITDA Margin	24.88%	21.01%	23.54%	24.30%	26.63%	29.99%	30.70%	33.83%	35.82%	35.99%
Operating Margin	16.77%	13.49%	16.67%	18.53%	21.05%	24.06%	26.07%	30.15%	30.59%	29.10%
EBIT Margin	17.38%	14.36%	17.54%	18.69%	21.31%	24.36%	26.28%	29.99%	32.23%	31.71%
Profit (Net Income) Margin	14.83%	11.18%	10.50%	16.17%	42.33%	22.02%	23.29%	23.84%	25.46%	22.74%
Tax Burden Percent	94.33%	85.64%	64.78%	91.87%	206.48%	93.35%	90.57%	81.21%	81.22%	75.62%
Interest Burden Percent	90.43%	90.92%	92.47%	94.21%	96.22%	96.82%	97.84%	97.85%	97.25%	94.84%
Effective Tax Rate	5.67%	14.37%	35.22%	8.13%	-106.48%	6.65%	9.43%	18.79%	18.78%	24.38%
Return on Invested Capital (ROIC)	26.79%	21.24%	21.01%	32.63%	68.98%	32.97%	36.09%	37.83%	35.93%	27.05%
ROIC Less NNEP Spread (ROIC-NNEP)	31.60%	30.54%	16.68%	110.56%	80.83%	35.51%	37.54%	43.08%	25.83%	14.12%
Return on Net Nonoperating Assets (RNNOA)	-8.15%	-2.06%	2.57%	-2.27%	-10.66%	-7.27%	-9.49%	-6.88%	-2.07%	-0.92%
Return on Equity (ROE)	18.63%	19.18%	23.58%	30.36%	58.32%	25.70%	26.60%	30.95%	33.86%	26.13%
Cash Return on Invested Capital (CROIC)	26.18%	25.41%	14.65%	17.40%	32.07%	23.80%	31.59%	11.30%	20.58%	-11.63%
Operating Return on Assets (OROA)	10.65%	11.74%	15.09%	16.35%	17.09%	17.88%	18.84%	22.44%	24.39%	20.10%
Return on Assets (ROA)	9.09%	9.14%	9.04%	14.15%	33.95%	16.16%	16.70%	17.83%	19.27%	14.42%
Return on Common Equity (ROCE)	18.63%	19.18%	23.58%	30.36%	58.32%	25.70%	26.60%	30.95%	33.86%	26.13%
Return on Equity Simple (ROE_SIMPLE)	18.34%	27.38%	20.63%	26.84%	47.03%	23.69%	25.39%	30.93%	30.58%	22.58%
Net Operating Profit after Tax (NOPAT)	269	210	210	364	1,015	603	706	872	1,016	1,021
NOPAT Margin	15.82%	11.55%	10.80%	17.02%	43.46%	22.46%	23.61%	24.48%	24.85%	22.01%
Net Nonoperating Expense Percent (NNEP)	-4.81%	-9.30%	4.33%	-77.93%	-11.85%	-2.54%	-1.46%	-5.25%	10.11%	12.93%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	24.96%	25.07%	14.29%
Cost of Revenue to Revenue	14.01%	14.12%	12.22%	12.10%	11.40%	11.39%	10.27%	10.43%	10.64%	13.95%
SG&A Expenses to Revenue	6.46%	6.89%	6.91%	6.24%	5.98%	5.76%	6.33%	6.80%	5.93%	6.08%
R&D to Revenue	37.46%	40.49%	41.39%	41.38%	40.06%	38.53%	37.96%	35.14%	35.25%	33.38%
Operating Expenses to Revenue	69.22%	72.39%	71.11%	69.37%	67.55%	64.55%	63.65%	59.42%	58.77%	56.95%
Earnings before Interest and Taxes (EBIT)	296	261	341	400	498	653	785	1,068	1,318	1,472
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	423	381	457	519	622	805	917	1,205	1,465	1,670
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.50	9.75	11.94	9.49	9.38	15.26	18.84	16.05	21.77	17.63
Price to Tangible Book Value (P/TBV)	11.73	0.00	266.20	30.52	15.55	25.36	32.71	43.36	48.38	48.47
Price to Revenue (P/Rev)	3.64	3.98	6.08	5.72	8.44	14.18	17.28	12.37	18.12	17.75
Price to Earnings (P/E)	24.53	35.61	57.86	35.36	19.94	64.43	74.21	51.91	71.17	78.07
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.08%	2.81%	1.73%	2.83%	5.01%	1.55%	1.35%	1.93%	1.41%	1.28%
Enterprise Value to Invested Capital (EV/IC)	5.78	7.71	11.50	10.11	11.10	19.61	25.46	16.83	24.22	18.25
Enterprise Value to Revenue (EV/Rev)	3.42	4.11	6.10	5.68	8.29	13.97	17.03	12.33	18.03	17.72
Enterprise Value to EBITDA (EV/EBITDA)	13.75	19.55	25.90	23.37	31.12	46.57	55.49	36.46	50.33	49.23
Enterprise Value to EBIT (EV/EBIT)	19.68	28.59	34.78	30.39	38.90	57.34	64.81	41.12	55.95	55.87
Enterprise Value to NOPAT (EV/NOPAT)	21.63	35.55	56.46	33.35	19.07	62.19	72.14	50.38	72.57	80.51
Enterprise Value to Operating Cash Flow (EV/OCF)	15.40	16.76	25.17	20.07	26.54	41.41	46.24	35.37	54.66	65.24
Enterprise Value to Free Cash Flow (EV/FCFF)	22.13	29.71	80.96	62.55	41.01	86.16	82.41	168.70	126.73	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.25	0.93	0.74	0.35	0.16	0.14	0.13	0.27	0.19	0.53
Long-Term Debt to Equity	0.25	0.87	0.65	0.27	0.16	0.14	0.13	0.24	0.09	0.53
Financial Leverage	-0.26	-0.07	0.15	-0.02	-0.13	-0.20	-0.25	-0.16	-0.08	-0.07
Leverage Ratio	2.05	2.10	2.61	2.15	1.72	1.59	1.59	1.74	1.76	1.81
Compound Leverage Factor	1.85	1.91	2.41	2.02	1.65	1.54	1.56	1.70	1.71	1.72
Debt to Total Capital	19.97%	48.32%	42.44%	25.68%	14.13%	12.21%	11.26%	21.42%	16.01%	34.63%
Short-Term Debt to Total Capital	0.00%	3.48%	4.95%	5.77%	0.00%	0.00%	0.00%	2.86%	8.62%	0.00%
Long-Term Debt to Total Capital	19.97%	44.83%	37.49%	19.92%	14.13%	12.21%	11.26%	18.55%	7.40%	34.63%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	80.03%	51.68%	57.56%	74.32%	85.87%	87.79%	88.74%	78.58%	83.99%	65.37%
Debt to EBITDA	0.81	1.82	1.59	0.86	0.56	0.43	0.38	0.62	0.44	1.48
Net Debt to EBITDA	-0.87	0.59	0.09	-0.17	-0.58	-0.72	-0.81	-0.11	-0.25	-0.10
Long-Term Debt to EBITDA	0.81	1.69	1.41	0.66	0.56	0.43	0.38	0.54	0.20	1.48
Debt to NOPAT	1.28	3.31	3.48	1.22	0.34	0.58	0.49	0.86	0.64	2.42
Net Debt to NOPAT	-1.37	1.07	0.20	-0.24	-0.35	-0.97	-1.05	-0.15	-0.35	-0.16
Long-Term Debt to NOPAT	1.28	3.07	3.07	0.95	0.34	0.58	0.49	0.74	0.30	2.42
Altman Z-Score	5.15	4.64	6.59	8.17	11.53	17.93	21.28	13.58	22.42	13.84
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.80	1.20	1.53	1.34	1.74	1.86	1.77	1.27	1.24	2.93
Quick Ratio	1.63	1.07	1.37	1.17	1.50	1.59	1.47	1.02	0.94	2.43
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	263	251	146	194	472	435	618	260	582	-439
Operating Cash Flow to CapEx	844.05%	842.75%	813.01%	983.29%	977.95%	954.43%	1,686.05%	1,007.91%	1,318.37%	884.34%
Free Cash Flow to Firm to Interest Expense	9.30	10.60	5.70	8.39	25.08	20.96	36.38	11.35	16.08	-5.78
Operating Cash Flow to Interest Expense	13.36	18.80	18.34	26.14	38.75	43.61	64.84	54.15	37.29	16.59
Operating Cash Flow Less CapEx to Interest Expense	11.78	16.56	16.09	23.48	34.79	39.04	60.99	48.78	34.46	14.71
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.61	0.82	0.86	0.87	0.80	0.73	0.72	0.75	0.76	0.63
Accounts Receivable Turnover	11.85	11.28	11.18	8.77	7.77	8.34	8.84	8.64	8.38	7.94
Inventory Turnover	4.21	5.33	6.53	8.43	6.34	4.64	3.20	3.05	2.81	2.95
Fixed Asset Turnover	7.42	7.77	7.93	8.48	8.84	9.14	9.69	10.52	10.56	10.78
Accounts Payable Turnover	1.03	1.07	1.03	1.08	0.93	0.92	0.80	0.76	0.77	1.07
Days Sales Outstanding (DSO)	30.81	32.36	32.65	41.61	47.00	43.74	41.29	42.24	43.55	45.99
Days Inventory Outstanding (DIO)	86.60	68.47	55.88	43.29	57.53	78.71	113.94	119.69	129.91	123.84
Days Payable Outstanding (DPO)	354.66	339.77	354.10	336.88	392.90	398.37	456.08	478.54	475.59	340.83
Cash Conversion Cycle (CCC)	-237.25	-238.93	-265.57	-251.98	-288.37	-275.92	-300.85	-316.61	-302.14	-171.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,008	967	1,030	1,200	1,744	1,911	1,999	2,611	3,045	4,506
Invested Capital Turnover	1.69	1.84	1.95	1.92	1.59	1.47	1.53	1.55	1.45	1.23
Increase / (Decrease) in Invested Capital	6.08	-41	64	170	543	168	88	612	434	1,461
Enterprise Value (EV)	5,823	7,456	11,850	12,140	19,364	37,473	50,904	43,932	73,742	82,237
Market Capitalization	6,191	7,231	11,808	12,228	19,723	38,055	51,645	44,066	74,102	82,405
Book Value per Share	$4.63	$2.59	$3.50	$4.57	$7.49	$8.94	$9.89	$10.01	$12.51	$17.04
Tangible Book Value per Share	$1.77	($0.31)	$0.16	$1.42	$4.52	$5.38	$5.70	$3.70	$5.63	$6.20
Total Capital	1,719	1,435	1,719	1,734	2,449	2,840	3,088	3,493	4,053	7,150
Total Debt	343	693	729	445	346	347	348	748	649	2,476
Total Long-Term Debt	343	643	644	345	346	347	348	648	300	2,476
Net Debt	-368	225	41	-88	-359	-582	-741	-134	-359	-168
Capital Expenditures (CapEx)	45	53	58	62	75	95	65	123	102	143
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-283	-302	-265	-191	-208	-247	-344	-423	-274	1.94
Debt-free Net Working Capital (DFNWC)	428	166	423	342	497	682	745	459	735	2,646
Net Working Capital (NWC)	428	116	338	242	497	682	745	359	385	2,646
Net Nonoperating Expense (NNE)	17	6.64	5.77	18	26	12	9.65	23	-25	-34
Net Nonoperating Obligations (NNO)	-368	225	41	-88	-359	-582	-741	-134	-359	-168
Total Depreciation and Amortization (D&A)	128	121	117	120	124	151	132	137	147	198
Debt-free, Cash-free Net Working Capital to Revenue	-16.64%	-16.62%	-13.66%	-8.94%	-8.91%	-9.19%	-11.53%	-11.88%	-6.69%	0.04%
Debt-free Net Working Capital to Revenue	25.14%	9.17%	21.75%	16.00%	21.27%	25.41%	24.92%	12.89%	17.96%	57.01%
Net Working Capital to Revenue	25.14%	6.41%	17.37%	11.32%	21.27%	25.41%	24.92%	10.08%	9.42%	57.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.88	$0.71	$0.75	$1.26	$3.62	$0.00	$2.54	$3.13	$3.86	$3.89
Adjusted Weighted Average Basic Shares Outstanding	288.02M	284.50M	272.10M	273.73M	273.24M	0.00	273.50M	271.20M	269.38M	271.21M
Adjusted Diluted Earnings per Share	$0.81	$0.70	$0.73	$1.23	$3.53	$0.00	$2.50	$3.09	$3.82	$3.85
Adjusted Weighted Average Diluted Shares Outstanding	312.30M	291.26M	280.22M	281.14M	280.52M	0.00	278.86M	275.01M	272.75M	273.83M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	305.36M	278.77M	282.87M	280.39M	280.17M	0.00	277.34M	272.94M	272.24M	274.11M
Normalized Net Operating Profit after Tax (NOPAT)	273	245	216	374	350	611	705	872	1,025	1,039
Normalized NOPAT Margin	16.07%	13.48%	11.11%	17.50%	14.99%	22.78%	23.58%	24.48%	25.07%	22.39%
Pre Tax Income Margin	15.72%	13.06%	16.21%	17.60%	20.50%	23.58%	25.72%	29.35%	31.34%	30.07%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.45	11.02	13.28	17.27	26.44	31.50	46.26	46.58	36.43	19.37
NOPAT to Interest Expense	9.51	8.86	8.18	15.73	53.93	29.04	41.56	38.02	28.08	13.44
EBIT Less CapEx to Interest Expense	8.87	8.79	11.02	14.61	22.48	26.93	42.41	41.21	33.60	17.49
NOPAT Less CapEx to Interest Expense	7.93	6.63	5.92	13.07	49.97	24.47	37.71	32.65	25.26	11.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	132.00%	472.85%	49.01%	72.32%	30.96%	64.35%	87.98%	123.69%	67.25%	52.11%

This table displays calculated financial ratios and metrics derived from Cadence Design Systems' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	20.20%	16.41%	13.30%	13.88%	13.36%	18.75%	-1.23%	8.61%	18.81%	26.89%
EBITDA Growth	23.86%	16.08%	4.00%	9.85%	21.22%	60.04%	-1.75%	10.14%	19.75%	26.27%
EBIT Growth	33.62%	10.74%	5.32%	10.97%	19.90%	68.96%	-3.63%	6.94%	15.82%	25.74%
NOPAT Growth	6.22%	35.39%	0.15%	14.36%	28.97%	24.88%	-17.68%	-3.67%	0.66%	18.24%
Net Income Growth	5.67%	36.14%	2.75%	18.30%	36.51%	34.74%	2.41%	3.80%	-6.37%	5.04%
EPS Growth	7.94%	37.50%	4.71%	19.12%	36.76%	35.23%	2.25%	3.70%	-6.45%	3.36%
Operating Cash Flow Growth	7.03%	22.13%	-20.56%	27.49%	24.85%	3.21%	-5.30%	-62.31%	3.56%	62.21%
Free Cash Flow Firm Growth	-14,721.72%	-511.12%	-217.11%	-293.84%	77.52%	64.03%	37.79%	-219.52%	-2,040.65%	-728.94%
Invested Capital Growth	26.21%	30.59%	36.94%	38.04%	12.94%	16.63%	18.59%	69.60%	64.33%	47.96%
Revenue Q/Q Growth	5.25%	-0.30%	13.54%	-4.42%	4.76%	4.45%	-5.57%	5.11%	14.60%	11.56%
EBITDA Q/Q Growth	-8.04%	-9.73%	41.07%	-6.20%	1.48%	19.18%	-13.39%	5.15%	10.32%	25.68%
EBIT Q/Q Growth	-6.93%	-14.79%	50.61%	-7.09%	0.56%	20.08%	-14.10%	3.10%	8.91%	30.36%
NOPAT Q/Q Growth	-0.71%	25.19%	0.61%	-8.55%	11.97%	21.22%	-33.68%	7.01%	17.01%	42.39%
Net Income Q/Q Growth	-0.33%	29.03%	0.59%	-8.55%	15.01%	27.36%	-23.54%	-7.32%	3.74%	42.88%
EPS Q/Q Growth	0.00%	29.41%	1.14%	-8.99%	14.81%	27.96%	-23.53%	-7.69%	3.57%	41.38%
Operating Cash Flow Q/Q Growth	-2.29%	-16.86%	1.43%	54.74%	-4.32%	-31.28%	-6.93%	-38.41%	162.88%	7.65%
Free Cash Flow Firm Q/Q Growth	-220.77%	-14.88%	-31.31%	-6.40%	86.00%	-83.82%	-127.11%	-446.51%	6.17%	28.82%
Invested Capital Q/Q Growth	27.59%	5.28%	3.50%	-0.71%	4.38%	8.73%	5.23%	42.01%	1.14%	-2.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	90.29%	89.61%	87.82%	90.08%	89.29%	90.26%	87.59%	86.87%	86.59%	83.78%
EBITDA Margin	31.67%	28.68%	35.63%	34.97%	33.87%	38.65%	35.45%	35.46%	34.14%	38.46%
Operating Margin	28.89%	23.46%	31.56%	30.65%	28.63%	31.49%	24.77%	27.71%	28.80%	33.69%
EBIT Margin	28.56%	24.40%	32.37%	31.47%	30.20%	34.72%	31.59%	30.98%	29.45%	34.41%
Profit (Net Income) Margin	20.64%	26.71%	23.67%	22.64%	24.86%	30.31%	24.54%	21.64%	19.59%	25.09%
Tax Burden Percent	73.85%	114.19%	75.21%	74.10%	84.79%	89.46%	79.87%	72.70%	71.42%	77.91%
Interest Burden Percent	97.88%	95.86%	97.20%	97.11%	97.07%	97.58%	97.27%	96.07%	93.16%	93.59%
Effective Tax Rate	26.15%	-14.19%	24.79%	25.90%	15.21%	10.54%	20.13%	27.30%	28.58%	22.09%
Return on Invested Capital (ROIC)	32.98%	41.39%	37.39%	37.31%	36.05%	40.74%	27.31%	23.18%	24.19%	32.27%
ROIC Less NNEP Spread (ROIC-NNEP)	34.38%	41.55%	37.53%	37.46%	33.84%	31.48%	11.36%	72.52%	32.87%	38.25%
Return on Net Nonoperating Assets (RNNOA)	-5.76%	-6.63%	-6.75%	-6.14%	-3.15%	-2.53%	-1.05%	0.65%	-1.17%	-2.50%
Return on Equity (ROE)	27.22%	34.76%	30.63%	31.17%	32.90%	38.22%	26.26%	23.83%	23.02%	29.78%
Cash Return on Invested Capital (CROIC)	13.16%	11.30%	6.11%	6.88%	23.97%	20.58%	15.88%	-25.05%	-22.53%	-11.63%
Operating Return on Assets (OROA)	21.37%	18.25%	24.92%	25.13%	22.78%	26.28%	23.64%	20.83%	17.56%	21.81%
Return on Assets (ROA)	15.44%	19.98%	18.22%	18.09%	18.75%	22.94%	18.37%	14.55%	11.69%	15.90%
Return on Common Equity (ROCE)	27.22%	34.76%	30.63%	31.17%	32.90%	38.22%	26.26%	23.83%	23.02%	29.78%
Return on Equity Simple (ROE_SIMPLE)	28.99%	0.00%	29.09%	30.59%	30.75%	0.00%	29.35%	24.77%	22.77%	0.00%
Net Operating Profit after Tax (NOPAT)	193	241	243	222	248	301	200	214	250	356
NOPAT Margin	21.34%	26.79%	23.74%	22.71%	24.27%	28.17%	19.78%	20.14%	20.57%	26.25%
Net Nonoperating Expense Percent (NNEP)	-1.40%	-0.15%	-0.14%	-0.15%	2.21%	9.26%	15.95%	-49.34%	-8.67%	-5.98%
Return On Investment Capital (ROIC_SIMPLE)	-	6.90%	-	-	-	7.43%	-	-	-	4.98%
Cost of Revenue to Revenue	9.71%	10.39%	12.18%	9.92%	10.71%	9.74%	12.41%	13.13%	13.41%	16.22%
SG&A Expenses to Revenue	8.16%	7.56%	5.24%	5.59%	5.72%	7.09%	6.81%	5.98%	5.89%	5.79%
R&D to Revenue	35.86%	38.94%	34.29%	36.29%	36.13%	34.38%	37.55%	34.95%	33.51%	28.91%
Operating Expenses to Revenue	61.40%	66.15%	56.26%	59.43%	60.66%	58.76%	62.82%	59.16%	57.79%	50.08%
Earnings before Interest and Taxes (EBIT)	258	220	331	307	309	371	319	329	358	467
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	286	258	364	341	347	413	358	376	415	522
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	16.53	16.05	19.50	21.99	20.45	21.77	23.74	19.66	16.26	17.63
Price to Tangible Book Value (P/TBV)	44.50	43.36	46.94	56.15	50.31	48.38	51.08	71.03	52.73	48.47
Price to Revenue (P/Rev)	13.03	12.37	15.58	16.83	16.24	18.12	20.77	20.12	17.05	17.75
Price to Earnings (P/E)	57.01	51.91	67.03	71.88	66.50	71.17	80.89	79.35	71.42	78.07
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.75%	1.93%	1.49%	1.39%	1.50%	1.41%	1.24%	1.26%	1.40%	1.28%
Enterprise Value to Invested Capital (EV/IC)	17.96	16.83	21.13	23.75	22.63	24.22	26.31	18.47	16.13	18.25
Enterprise Value to Revenue (EV/Rev)	12.96	12.33	15.51	16.77	16.16	18.03	20.68	20.19	17.05	17.72
Enterprise Value to EBITDA (EV/EBITDA)	38.09	36.46	46.85	51.00	48.37	50.33	57.81	56.27	47.54	49.23
Enterprise Value to EBIT (EV/EBIT)	42.53	41.12	52.63	57.13	54.31	55.95	64.56	63.31	53.95	55.87
Enterprise Value to NOPAT (EV/NOPAT)	55.14	50.38	65.50	70.91	66.44	72.57	86.81	87.40	76.73	80.51
Enterprise Value to Operating Cash Flow (EV/OCF)	37.29	35.37	48.69	50.50	47.26	54.66	63.16	78.02	68.04	65.24
Enterprise Value to Free Cash Flow (EV/FCFF)	152.24	168.70	399.74	400.22	100.12	126.73	179.76	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.29	0.27	0.23	0.22	0.21	0.19	0.18	0.32	0.62	0.53
Long-Term Debt to Equity	0.24	0.24	0.22	0.22	0.21	0.09	0.08	0.23	0.54	0.53
Financial Leverage	-0.17	-0.16	-0.18	-0.16	-0.09	-0.08	-0.09	0.01	-0.04	-0.07
Leverage Ratio	1.72	1.74	1.68	1.72	1.79	1.76	1.67	1.73	1.90	1.81
Compound Leverage Factor	1.68	1.66	1.63	1.67	1.73	1.71	1.63	1.66	1.77	1.70
Debt to Total Capital	22.76%	21.42%	18.74%	18.23%	17.24%	16.01%	15.40%	24.04%	38.24%	34.63%
Short-Term Debt to Total Capital	4.28%	2.86%	0.83%	0.00%	0.00%	8.62%	8.29%	6.23%	4.74%	0.00%
Long-Term Debt to Total Capital	18.48%	18.55%	17.91%	18.23%	17.24%	7.40%	7.11%	17.81%	33.50%	34.63%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	77.24%	78.58%	81.26%	81.77%	82.76%	83.99%	84.60%	75.96%	61.76%	65.37%
Debt to EBITDA	0.68	0.62	0.56	0.52	0.50	0.44	0.45	0.90	1.81	1.48
Net Debt to EBITDA	-0.20	-0.11	-0.20	-0.18	-0.24	-0.25	-0.25	0.19	0.03	-0.10
Long-Term Debt to EBITDA	0.55	0.54	0.53	0.52	0.50	0.20	0.21	0.67	1.58	1.48
Debt to NOPAT	0.99	0.86	0.78	0.72	0.68	0.64	0.67	1.40	2.92	2.42
Net Debt to NOPAT	-0.28	-0.15	-0.27	-0.25	-0.33	-0.35	-0.37	0.30	0.04	-0.16
Long-Term Debt to NOPAT	0.80	0.74	0.74	0.72	0.68	0.30	0.31	1.04	2.56	2.42
Altman Z-Score	13.88	13.03	17.59	19.30	18.71	21.87	25.85	18.83	11.46	13.47
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.33	1.27	1.44	1.37	1.44	1.24	1.32	1.43	2.45	2.93
Quick Ratio	1.13	1.02	1.19	1.10	1.10	0.94	0.96	1.06	2.00	2.43
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-322	-370	-486	-518	-72	-133	-303	-1,654	-1,552	-1,105
Operating Cash Flow to CapEx	719.18%	714.07%	1,000.79%	2,075.49%	1,801.33%	807.32%	510.54%	534.15%	1,544.82%	1,186.39%
Free Cash Flow to Firm to Interest Expense	-59.03	-40.79	-52.53	-58.31	-8.00	-14.82	-34.82	-128.16	-63.35	-36.93
Operating Cash Flow to Interest Expense	58.05	29.03	28.88	46.61	43.70	30.27	29.13	12.09	16.74	14.76
Operating Cash Flow Less CapEx to Interest Expense	49.98	24.96	25.99	44.37	41.28	26.52	23.43	9.82	15.65	13.51
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.75	0.75	0.77	0.80	0.75	0.76	0.75	0.67	0.60	0.63
Accounts Receivable Turnover	9.56	8.64	8.66	9.13	9.59	8.38	9.29	8.28	8.82	7.94
Inventory Turnover	3.22	3.05	3.35	3.27	3.05	2.81	2.78	3.07	2.33	2.95
Fixed Asset Turnover	10.54	10.52	10.77	11.07	10.77	10.56	10.12	10.15	10.51	10.78
Accounts Payable Turnover	0.85	0.76	1.01	0.85	0.81	0.77	0.98	0.94	0.87	1.07
Days Sales Outstanding (DSO)	38.17	42.24	42.14	39.98	38.06	43.55	39.30	44.11	41.39	45.99
Days Inventory Outstanding (DIO)	113.27	119.69	108.96	111.53	119.53	129.91	131.23	118.73	156.89	123.84
Days Payable Outstanding (DPO)	429.50	478.54	362.33	429.54	452.76	475.59	371.37	387.53	420.67	340.83
Cash Conversion Cycle (CCC)	-278.07	-316.61	-211.23	-278.02	-295.18	-302.14	-200.84	-224.70	-222.39	-171.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,480	2,611	2,702	2,683	2,801	3,045	3,204	4,551	4,602	4,506
Invested Capital Turnover	1.55	1.55	1.57	1.64	1.49	1.45	1.38	1.15	1.18	1.23
Increase / (Decrease) in Invested Capital	515	612	729	739	321	434	502	1,868	1,802	1,461
Enterprise Value (EV)	44,530	43,932	57,103	63,724	63,367	73,742	84,324	84,039	74,253	82,237
Market Capitalization	44,759	44,066	57,342	63,950	63,680	74,102	84,687	83,749	74,213	82,405
Book Value per Share	$9.89	$10.01	$10.77	$10.67	$11.46	$12.51	$13.23	$15.66	$16.67	$17.04
Tangible Book Value per Share	$3.67	$3.70	$4.48	$4.18	$4.66	$5.63	$6.15	$4.33	$5.14	$6.20
Total Capital	3,506	3,493	3,619	3,557	3,763	4,053	4,217	5,610	7,389	7,150
Total Debt	798	748	678	649	649	649	649	1,349	2,825	2,476
Total Long-Term Debt	648	648	648	649	649	300	300	999	2,475	2,476
Net Debt	-228	-134	-239	-225	-313	-359	-363	290	39	-168
Capital Expenditures (CapEx)	44	37	27	20	22	34	50	29	27	37
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-463	-423	-370	-427	-402	-274	-199	-47	-11	1.94
Debt-free Net Working Capital (DFNWC)	563	459	547	447	560	735	814	1,012	2,775	2,646
Net Working Capital (NWC)	413	359	517	447	560	385	464	663	2,425	2,646
Net Nonoperating Expense (NNE)	6.26	0.68	0.73	0.67	-5.97	-23	-48	-16	12	16
Net Nonoperating Obligations (NNO)	-228	-134	-239	-225	-313	-359	-363	290	39	-168
Total Depreciation and Amortization (D&A)	28	38	33	34	38	42	39	48	57	55
Debt-free, Cash-free Net Working Capital to Revenue	-13.47%	-11.88%	-10.04%	-11.24%	-10.24%	-6.69%	-4.87%	-1.12%	-0.26%	0.04%
Debt-free Net Working Capital to Revenue	16.40%	12.89%	14.86%	11.75%	14.29%	17.96%	19.96%	24.33%	63.73%	57.01%
Net Working Capital to Revenue	12.04%	10.08%	14.05%	11.75%	14.29%	9.42%	11.38%	15.92%	55.70%	57.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.69	$0.89	$0.90	$0.82	$0.94	$1.20	$0.92	$0.85	$0.87	$1.25
Adjusted Weighted Average Basic Shares Outstanding	271.13M	271.20M	269.50M	269.71M	269.23M	269.38M	269.61M	270.91M	272.24M	271.21M
Adjusted Diluted Earnings per Share	$0.68	$0.88	$0.89	$0.81	$0.93	$1.19	$0.91	$0.84	$0.87	$1.23
Adjusted Weighted Average Diluted Shares Outstanding	274.96M	275.01M	273.16M	273.00M	272.43M	272.75M	273.54M	273.52M	273.96M	273.83M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	274.32M	272.94M	272.68M	271.79M	272.06M	272.24M	272.13M	273.82M	274.26M	274.11M
Normalized Net Operating Profit after Tax (NOPAT)	193	148	243	222	258	301	200	214	268	355
Normalized NOPAT Margin	21.34%	16.42%	23.74%	22.71%	25.23%	28.12%	19.81%	20.14%	22.01%	26.19%
Pre Tax Income Margin	27.95%	23.39%	31.47%	30.56%	29.32%	33.88%	30.72%	29.76%	27.43%	32.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	47.18	24.18	35.72	34.62	34.11	41.28	36.67	25.46	14.61	15.60
NOPAT to Interest Expense	35.25	26.54	26.19	24.98	27.41	33.49	22.97	16.56	10.21	11.90
EBIT Less CapEx to Interest Expense	39.11	20.12	32.83	32.37	31.68	37.53	30.96	23.20	13.53	14.36
NOPAT Less CapEx to Interest Expense	27.18	22.48	23.31	22.74	24.99	29.74	17.26	14.29	9.12	10.66
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	109.54%	123.69%	108.14%	101.18%	91.39%	67.25%	66.87%	47.38%	50.52%	52.11%

Frequently Asked Questions About Cadence Design Systems' Financials

When does Cadence Design Systems's financial year end?

According to the most recent income statement we have on file, Cadence Design Systems' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Cadence Design Systems' net income changed over the last 9 years?

Cadence Design Systems' net income appears to be on an upward trend, with a most recent value of $1.06 billion in 2024, rising from $252.42 million in 2015. The previous period was $1.04 billion in 2023.

What is Cadence Design Systems's operating income?

Cadence Design Systems's total operating income in 2024 was $1.35 billion, based on the following breakdown:

Total Gross Profit: $3.99 billion
Total Operating Expenses: $2.64 billion

How has Cadence Design Systems revenue changed over the last 9 years?

Over the last 9 years, Cadence Design Systems' total revenue changed from $1.70 billion in 2015 to $4.64 billion in 2024, a change of 172.7%.

How much debt does Cadence Design Systems have?

Cadence Design Systems' total liabilities were at $4.30 billion at the end of 2024, a 89.9% increase from 2023, and a 343.7% increase since 2015.

How much cash does Cadence Design Systems have?

In the past 9 years, Cadence Design Systems' cash and equivalents has ranged from $465.23 million in 2016 to $2.64 billion in 2024, and is currently $2.64 billion as of their latest financial filing in 2024.

How has Cadence Design Systems' book value per share changed over the last 9 years?

Over the last 9 years, Cadence Design Systems' book value per share changed from 4.63 in 2015 to 17.04 in 2024, a change of 268.4%.

Remove Ads

Related Companies

This page (NASDAQ:CDNS) was last updated on 4/14/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Cadence Design Systems (CDNS) Financials

Frequently Asked Questions About Cadence Design Systems' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Cadence Design Systems (CDNS) Financials

Annual Income Statements for Cadence Design Systems

Quarterly Income Statements for Cadence Design Systems

Annual Cash Flow Statements for Cadence Design Systems

Quarterly Cash Flow Statements for Cadence Design Systems

Annual Balance Sheets for Cadence Design Systems

Quarterly Balance Sheets for Cadence Design Systems

Annual Metrics and Ratios for Cadence Design Systems

Quarterly Metrics and Ratios for Cadence Design Systems

Frequently Asked Questions About Cadence Design Systems' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools