Cadence Design Systems, Inc. (CDNS) Income Statement Analysis

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Complete financial analysis of Cadence Design Systems, Inc. (CDNS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Cadence Design Systems, Inc., a leading company in the Software – Application industry within the Technology sector.

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Cadence Design Systems, Inc. (CDNS)

Industry: Software - Application

Sector: Technology

Website: https://www.cadence.com

About Cadence Design Systems, Inc.

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986
Revenue	4.09B	3.56B	2.99B	2.68B	2.34B	2.14B	1.94B	1.82B	1.70B	1.58B	1.46B	1.33B	1.15B	935.95M	852.63M	1.04B	1.62B	1.48B	1.33B	1.20B	1.12B	1.29B	1.43B	1.28B	1.09B	1.22B	915.89M	741.46M	548.42M	429.07M	368.60M	434.50M	392.30M	231.40M	142.80M	67.10M	23.90M	16.60M
Cost of Revenue	435.04M	371.62M	307.01M	305.50M	266.36M	258.75M	237.39M	256.49M	238.45M	223.71M	200.20M	191.12M	195.16M	156.44M	169.24M	209.48M	214.51M	227.10M	228.78M	226.05M	216.65M	250.05M	354.86M	368.86M	324.84M	280.68M	183.10M	153.47M	116.53M	94.61M	45.40M	69.20M	61.40M	97.40M	47.20M	23.20M	8.90M	6.50M
Gross Profit	3.65B	3.19B	2.68B	2.38B	2.07B	1.88B	1.71B	1.56B	1.46B	1.36B	1.26B	1.14B	954.68M	779.51M	683.39M	829.13M	1.40B	1.26B	1.10B	971.43M	902.84M	1.04B	1.08B	910.69M	768.46M	935.40M	732.80M	587.99M	431.89M	334.47M	323.20M	365.30M	330.90M	134.00M	95.60M	43.90M	15.00M	10.10M
Gross Profit Ratio	89.36%	89.57%	89.73%	88.61%	88.60%	87.90%	87.78%	85.88%	85.99%	85.85%	86.29%	85.59%	83.03%	83.29%	80.15%	79.83%	86.72%	84.70%	82.79%	81.12%	80.65%	80.66%	75.19%	71.17%	70.29%	76.92%	80.01%	79.30%	78.75%	77.95%	87.68%	84.07%	84.35%	57.91%	66.95%	65.42%	62.76%	60.84%
Research & Development	1.44B	1.25B	1.13B	1.03B	935.94M	884.82M	804.22M	735.34M	637.57M	603.01M	534.02M	454.09M	400.75M	376.41M	354.70M	457.91M	494.03M	460.06M	370.14M	351.25M	340.12M	326.41M	297.33M	263.95M	219.18M	179.39M	140.38M	115.30M	88.57M	72.57M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	242.43M	242.12M	189.02M	154.43M	139.81M	133.41M	134.18M	125.11M	109.98M	113.62M	121.31M	112.08M	92.86M	86.39M	122.65M	152.03M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	690.32M	604.22M	560.26M	516.46M	481.67M	439.67M	419.16M	395.19M	402.43M	399.69M	378.16M	342.28M	323.80M	305.56M	286.83M	358.41M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	920.65M	846.34M	749.28M	670.89M	621.48M	573.08M	553.34M	520.30M	512.41M	513.31M	499.47M	454.35M	416.66M	391.95M	409.48M	510.44M	576.15M	548.90M	518.94M	409.35M	409.15M	515.37M	508.21M	484.62M	440.94M	369.78M	314.36M	280.88M	225.46M	203.14M	281.50M	262.00M	304.80M	61.40M	40.30M	17.10M	7.70M	6.20M
Other Expenses	41.28M	18.47M	19.64M	18.01M	12.13M	3.32M	16.76M	15.92M	10.48M	8.48M	7.57M	11.34M	16.54M	14.16M	11.42M	22.73M	19.42M	23.14M	47.76M	87.11M	96.70M	-107.81M	110.24M	98.71M	121.09M	281.04M	44.05M	100.54M	0.00	0.00	44.00M	37.60M	40.00M	20.10M	14.60M	6.90M	2.80M	1.60M
Operating Expenses	2.40B	2.12B	1.90B	1.72B	1.57B	1.47B	1.37B	1.27B	1.17B	1.14B	1.05B	923.52M	833.94M	782.53M	775.60M	1.04B	1.09B	1.03B	936.85M	847.71M	845.96M	733.97M	915.78M	847.28M	781.21M	830.21M	498.79M	496.73M	314.03M	275.71M	325.50M	299.60M	344.80M	81.50M	54.90M	24.00M	10.50M	7.80M
Cost & Expenses	2.84B	2.49B	2.21B	2.03B	1.84B	1.73B	1.61B	1.53B	1.41B	1.36B	1.25B	1.11B	1.03B	938.97M	944.85M	1.25B	1.30B	1.26B	1.17B	1.07B	1.06B	984.02M	1.27B	1.22B	1.11B	1.11B	681.89M	650.20M	430.56M	370.32M	370.90M	368.80M	406.20M	178.90M	102.10M	47.20M	19.40M	14.30M
Interest Income	29.64M	10.10M	2.63M	3.82M	9.51M	8.07M	3.88M	2.92M	2.67M	1.83M	1.71M	1.47M	1.30M	1.20M	2.60M	20.40M	48.10M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	36.19M	22.93M	16.98M	20.75M	18.83M	23.14M	25.66M	23.67M	28.31M	34.12M	37.58M	34.74M	43.03M	36.34M	28.87M	11.61M	12.37M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	145.74M	132.09M	142.31M	145.65M	122.79M	118.72M	115.52M	119.59M	118.17M	115.63M	98.31M	89.22M	91.65M	88.34M	93.14M	128.72M	130.65M	147.12M	184.72M	210.61M	232.73M	242.54M	230.43M	206.81M	163.90M	102.41M	56.64M	51.74M	46.02M	44.26M	44.00M	37.60M	40.00M	20.10M	14.60M	6.90M	2.80M	1.60M
EBITDA	1.42B	1.20B	927.72M	799.15M	620.59M	526.02M	448.89M	406.54M	408.81M	332.53M	305.31M	312.23M	230.10M	61.91M	-31.49M	-1.46B	507.09M	401.34M	377.92M	365.41M	289.60M	542.79M	532.50M	270.23M	210.40M	462.20M	337.40M	252.00M	163.88M	103.01M	41.70M	103.30M	26.10M	72.60M	55.30M	26.80M	7.30M	3.90M
EBITDA Ratio	34.71%	33.80%	30.62%	30.30%	26.96%	24.76%	23.96%	23.20%	24.59%	21.57%	21.43%	23.55%	18.47%	9.12%	0.11%	-7.79%	26.07%	25.63%	28.43%	30.51%	32.61%	36.56%	21.52%	21.29%	19.12%	38.13%	33.75%	32.95%	26.74%	26.31%	10.69%	22.97%	5.33%	29.39%	37.04%	40.39%	28.45%	22.29%
Operating Income	1.25B	1.07B	779.09M	645.55M	491.80M	396.21M	323.96M	244.90M	285.43M	206.64M	189.01M	211.67M	120.38M	-13.17M	-123.59M	-1.57B	317.92M	224.59M	118.83M	101.17M	-9.96M	174.76M	240.45M	63.42M	-12.75M	105.19M	234.01M	91.26M	117.86M	58.75M	-2.30M	65.70M	-13.90M	52.50M	40.70M	19.90M	4.50M	2.30M
Operating Income Ratio	30.59%	30.15%	26.07%	24.06%	21.05%	18.53%	16.67%	13.49%	16.77%	13.07%	12.94%	15.96%	10.47%	-1.41%	-14.50%	-151.48%	19.68%	15.14%	8.94%	8.45%	-0.89%	13.51%	16.81%	4.96%	-1.17%	8.65%	25.55%	12.31%	21.49%	13.69%	-0.62%	15.12%	-3.54%	22.69%	28.50%	29.66%	18.83%	13.86%
Total Other Income/Expenses	30.70M	-28.32M	-10.65M	-12.80M	-12.83M	-19.82M	-8.91M	-7.75M	-17.83M	-25.64M	-30.01M	-23.40M	-25.31M	-33.80M	-29.91M	-28.46M	53.16M	17.29M	-35.08M	-14.74M	-20.60M	-30.74M	1.70M	4.58M	-57.90M	-253.10M	-37.79M	-100.30M	17.24M	-9.89M	2.30M	2.70M	2.40M	3.80M	1.70M	-900.00K	300.00K	0.00
Income Before Tax	1.28B	1.05B	768.44M	632.75M	478.97M	376.39M	315.05M	237.15M	267.60M	181.00M	159.00M	188.27M	95.43M	-46.97M	-153.51M	-1.60B	364.07M	241.88M	128.48M	86.44M	-30.57M	157.97M	242.15M	68.00M	-11.38M	112.67M	234.01M	90.48M	135.10M	48.86M	0.00	68.40M	-11.50M	56.30M	42.40M	19.00M	4.80M	2.30M
Income Before Tax Ratio	31.34%	29.35%	25.72%	23.58%	20.50%	17.60%	16.21%	13.06%	15.72%	11.45%	10.89%	14.19%	8.30%	-5.02%	-18.00%	-154.22%	22.54%	16.30%	9.67%	7.22%	-2.73%	12.22%	16.93%	5.31%	-1.04%	9.26%	25.55%	12.20%	24.63%	11.39%	0.00%	15.74%	-2.93%	24.33%	29.69%	28.32%	20.08%	13.86%
Income Tax Expense	240.78M	196.41M	72.48M	42.10M	-510.01M	30.61M	110.95M	34.07M	15.18M	22.10M	-5.25M	-251.68M	23.20M	-189.31M	-3.63M	252.31M	67.82M	99.70M	79.14M	11.96M	-13.00M	86.02M	100.86M	18.02M	2.70M	80.69M	77.89M	61.44M	37.83M	12.22M	10.50M	13.00M	10.20M	18.30M	14.60M	5.90M	1.60M	800.00K
Net Income	1.04B	848.95M	695.96M	590.64M	988.98M	345.78M	204.10M	203.09M	252.42M	158.90M	164.24M	439.95M	72.23M	142.34M	-149.87M	-1.85B	296.25M	142.59M	49.34M	74.47M	-17.57M	71.95M	141.29M	49.98M	-14.08M	31.98M	169.47M	29.04M	97.27M	36.65M	-12.80M	55.40M	-21.70M	38.00M	27.80M	13.10M	3.20M	1.50M
Net Income Ratio	25.46%	23.84%	23.29%	22.02%	42.33%	16.17%	10.50%	11.18%	14.83%	10.05%	11.25%	33.17%	6.28%	15.21%	-17.58%	-178.51%	18.34%	9.61%	3.71%	6.22%	-1.57%	5.56%	9.88%	3.91%	-1.29%	2.63%	18.50%	3.92%	17.74%	8.54%	-3.47%	12.75%	-5.53%	16.42%	19.47%	19.52%	13.39%	9.04%
EPS	3.86	3.13	2.54	2.16	3.62	1.26	0.75	0.71	0.88	0.56	0.59	1.63	0.27	0.55	-0.58	-7.29	1.09	0.51	0.18	0.27	-0.07	0.23	0.57	0.20	-0.06	0.11	0.75	0.19	1.57	0.19	-0.07	0.27	-0.12	0.27	0.21	0.13	0.07	0.04
EPS Diluted	3.82	3.09	2.50	2.11	3.53	1.23	0.73	0.70	0.81	0.52	0.56	1.57	0.27	0.54	-0.58	-7.29	1.01	0.46	0.16	0.25	-0.07	0.23	0.55	0.19	-0.06	0.10	0.71	0.16	1.57	0.19	-0.07	0.27	-0.12	0.27	0.21	0.13	0.07	0.04
Weighted Avg Shares Out	269.38M	271.20M	273.50M	273.73M	273.24M	273.73M	272.10M	284.50M	288.02M	283.35M	277.80M	270.48M	263.89M	260.79M	257.78M	254.32M	271.46M	279.35M	278.52M	271.33M	266.79M	259.87M	246.86M	244.57M	235.00M	234.61M	220.13M	180.53M	61.97M	196.33M	182.86M	202.96M	176.92M	140.74M	132.38M	100.77M	45.71M	26.69M
Weighted Avg Shares Out (Dil)	272.75M	275.01M	278.86M	279.64M	280.52M	281.14M	280.22M	291.26M	312.30M	306.78M	294.56M	280.67M	270.82M	265.87M	257.78M	254.32M	295.59M	312.46M	314.38M	305.77M	266.79M	267.50M	256.89M	262.70M	235.00M	257.86M	232.54M	214.38M	61.97M	197.61M	182.86M	202.96M	176.92M	140.74M	132.38M	100.77M	45.71M	26.69M

CDNS & ASTS Partner to Boost Space-Based Cellular Broadband Network

December 4, 2024zacks.com

Cadence's advanced tools, flows and IP portfolio are leveraged by ASTS for its AST5000 ASIC chip, which forms the basis of AST SpaceMobile's BlueBird program.

Cadence's Anirudh Devgan to Present at Nasdaq Investor Conference

December 2, 2024businesswire.com

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan to Present at Nasdaq Investor Conference.

Cadence (CDNS) Up 9% Since Last Earnings Report: Can It Continue?

November 27, 2024zacks.com

Cadence (CDNS) reported earnings 30 days ago. What's next for the stock?

Cadence Design Systems, Inc. (CDNS) is Attracting Investor Attention: Here is What You Should Know

November 25, 2024zacks.com

Cadence (CDNS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Can CDNS Stock Sustain its Rally After Gaining 12% in a Month?

November 15, 2024zacks.com

Robust end-market demand and opportunities presented by the rapid proliferation of AI are positives for Cadence but the external risks warrant caution.

Top 3 R&D-Driven Stocks Showing Strong Profit and Momentum

November 14, 2024marketbeat.com

When thinking about innovative companies that are trying fervently to stay ahead of the competition, research and development (R&D) spending is a key indicator of this ethos. Often quoted as a percentage of revenue, R&D spending is a driving force...

Cadence Design Systems, Inc. (CDNS) Is a Trending Stock: Facts to Know Before Betting on It

November 12, 2024zacks.com

Cadence (CDNS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Cadence Design initiated with a Buy at Loop Capital

November 11, 2024https://thefly.com

Loop Capital initiated coverage of Cadence Design with a Buy rating and $360 price target. Semiconductor design companies represent " miners for chip-design gold" as some succeed while others fail to strike chip-design gold, the analyst tells investors in a...