0R15 7785.0 -1.5056% 0R1E 7720.0 0.0% 0M69 None None% 0R2V 171.25 -1.7217% 0QYR 1361.5 -1.0897% 0QYP 394.5 -0.5044% 0LCV 137.1211 0.3815% 0RUK None None% 0RYA 1752.0 0.0% 0RIH 164.95 -1.4047% 0RIH 165.6 0.3941% 0R1O 178.0 9747.8562% 0R1O None None% 0QFP None None% 0M2Z 298.95 0.302% 0VSO None None% 0R1I None None% 0QZI 436.0 0.6928% 0QZ0 220.0 0.0% 0NZF None None%

Cadence Design Systems Inc

Technology US CDNS

274.55USD
-1.08(0.39%)

Last update at 2024-05-01T20:07:00Z

Day Range

273.24280.82
LowHigh

52 Week Range

154.88279.33
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 1045.36M 768.43M 632.75M 478.97M 376.39M
Minority interest - - - - -
Net income 848.95M 695.96M 590.64M 988.98M 345.78M
Selling general administrative 242.12M 189.02M 154.43M 139.81M 133.41M
Selling and marketing expenses 604.22M 560.26M 516.46M 481.67M 439.67M
Gross profit 3190.09M 2681.24M 2377.39M 2069.96M 1879.28M
Reconciled depreciation 135.43M 130.70M 150.14M 123.35M 118.72M
Ebit 1073.69M 779.09M 645.55M 491.80M 410.62M
Ebitda 1203.78M 915.07M 812.85M 629.77M 529.34M
Depreciation and amortization 130.10M 135.98M 167.30M 137.97M 118.72M
Non operating income net other -5.38900M 6.33M 7.95M 6.00M 3.32M
Operating income 1073.69M 779.09M 645.55M 491.80M 396.21M
Other operating expenses 2487.98M 2210.20M 2028.12M 1835.90M 1730.72M
Interest expense 22.93M 16.98M 20.75M 18.83M 23.14M
Tax provision 196.41M 72.48M 42.10M -510.01100M 30.61M
Interest income 10.10M 2.63M 3.82M 9.51M 8.07M
Net interest income -12.83500M -14.34600M -16.93200M -9.32000M -15.06900M
Extraordinary items - - - - 1.41M
Non recurring 0.06M -1.04800M 9.21M -8.62100M 11.09M
Other items - - - - -
Income tax expense 196.41M 72.48M 42.10M -510.01100M 30.61M
Total revenue 3561.72M 2988.24M 2682.89M 2336.32M 2138.02M
Total operating expenses 2116.35M 1903.20M 1722.63M 1569.55M 1471.98M
Cost of revenue 371.62M 307.01M 305.50M 266.36M 258.75M
Total other income expense net -28.32300M -10.65400M -12.80400M -12.82800M -7.76900M
Discontinued operations - - - - -
Net income from continuing ops 848.95M 695.96M 590.64M 988.98M 345.78M
Net income applicable to common shares 848.95M 695.96M 590.64M 988.98M 345.78M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 5137.07M 4386.30M 3950.78M 3357.22M 2468.65M
Intangible assets 354.62M 233.26M 210.59M 172.38M 225.46M
Earning assets - - - - -
Other current assets 209.73M 173.51M 135.71M 103.78M 92.55M
Total liab 2391.96M 1645.62M 1457.77M 1254.33M 1180.25M
Total stockholder equity 2745.11M 2740.68M 2493.02M 2102.89M 1288.40M
Deferred long term liab 91.52M 101.15M 107.06M 73.40M 48.72M
Other current liab 557.16M 417.28M 349.95M 316.91M 251.04M
Common stock 2765.67M 2467.70M 2217.94M 2046.24M 1936.12M
Capital stock 2765.67M 2467.70M 2217.94M 2046.24M 1936.12M
Retained earnings 3895.24M 3046.29M 2350.33M 1761.69M 772.71M
Other liab 256.85M 326.81M 200.25M 151.14M 125.98M
Good will 1374.27M 928.36M 782.09M 661.86M 662.27M
Other assets 1039.59M 1203.00M 902.82M 839.24M 258.47M
Cash 882.33M 1088.94M 928.43M 705.21M 533.30M
Cash and equivalents - - - - -
Total current liabilities 1347.70M 971.23M 796.81M 672.39M 708.98M
Current deferred revenue 690.54M 553.94M 446.86M 355.48M 352.46M
Net debt -134.24700M -741.35200M -581.63900M -359.19100M -88.00700M
Short term debt 100.00M - - - 100.00M
Short long term debt 100.00M - - - 100.00M
Short long term debt total 748.08M 347.59M 346.79M 346.02M 445.29M
Other stockholder equity -3824.16300M -2740.00300M -2057.82900M -1668.10500M -1395.65200M
Property plant equipment 371.45M 305.91M 311.12M 275.86M 252.63M
Total current assets 1706.77M 1715.77M 1478.59M 1169.34M 951.09M
Long term investments 120.00M 127.50M 132.23M 138.21M 118.73M
Net tangible assets 1016.23M 1579.05M 1500.34M 2102.89M 1288.40M
Short term investments - - - 4.60M 3.89M
Net receivables 486.71M 337.60M 338.49M 304.55M 297.08M
Long term debt 648.08M 347.59M 346.79M 346.02M 345.29M
Inventory 128.00M 115.72M 75.96M 55.80M 28.16M
Accounts payable 557.16M 417.28M 349.95M 316.91M 5.48M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -91.63700M -33.31100M -17.42500M -36.92600M -24.78000M
Additional paid in capital - - - - -
Common stock total equity 2765.67M 2467.70M 2217.94M 2046.24M 1936.12M
Preferred stock total equity - - - - -
Retained earnings total equity 3895.24M 3046.29M 2350.33M 1761.69M 772.71M
Treasury stock -3824.16300M -2740.00300M -2057.82900M -1668.10500M -1395.65200M
Accumulated amortization - - - - -
Non currrent assets other 356.28M 311.73M 303.88M 207.22M 103.58M
Deferred long term asset charges - - - - -
Non current assets total 3430.30M 2670.53M 2472.20M 2187.88M 1517.56M
Capital lease obligations 139.34M 107.12M 113.92M 84.78M -
Long term debt total 648.08M 347.59M 346.79M 346.02M 345.29M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -738.63400M 0.13M 0.22M -30.76500M -112.34200M
Change to liabilities 288.95M 168.09M 138.97M 63.09M 100.07M
Total cashflows from investing activities -738.63400M -292.95400M -292.15800M -105.70800M -173.84500M
Net borrowings 399.57M -1.28500M 400.00M -100.00000M -288.86700M
Total cash from financing activities -657.04900M -643.79200M -415.28900M -443.88600M -567.93900M
Change to operating activities 3.68M -25.27600M -92.36500M -17.36100M -37.87700M
Net income 848.95M 695.96M 590.64M 988.98M 345.78M
Change in cash -206.61500M 160.51M 223.22M 171.91M -154.78900M
Begin period cash flow 1088.94M 928.43M 705.21M 533.30M 688.09M
End period cash flow 882.33M 1088.94M 928.43M 705.21M 533.30M
Total cash from operating activities 1241.89M 1100.96M 904.92M 729.60M 604.75M
Issuance of capital stock 105.33M 87.77M 74.80M 52.84M 40.91M
Depreciation 135.43M 130.70M 150.14M 123.35M 118.72M
Other cashflows from investing activities -614.78500M -227.78400M -197.56200M -0.33800M -112.34200M
Dividends paid - - -460.02800M -240.58000M 169.92M
Change to inventory -23.07300M -39.02700M -25.68500M -33.02400M 0.75M
Change to account receivables -138.47100M 2.01M 1.63M 0.63M 5.10M
Sale purchase of stock -1161.95500M -730.27900M -490.09200M -396.72800M -319.98000M
Other cashflows from financing activities 884.58M -1.28500M 810.03M 390.58M 269.92M
Change to netincome 168.83M 167.28M 178.51M -390.04100M 161.02M
Capital expenditures 124.22M 66.88M 94.81M 74.61M 61.50M
Change receivables -138.47100M 2.01M -25.93400M -4.71800M -87.08300M
Cash flows other operating -36.51800M -53.08100M -98.29000M -18.48000M -35.69900M
Exchange rate changes - -3.70400M 25.75M -8.09400M -17.75600M
Cash and cash equivalents changes -153.78900M 160.51M 223.22M 171.91M -154.78900M
Change in working capital 87.55M 105.80M -15.41700M 6.31M -21.95900M
Stock based compensation 270.44M 210.09M 197.27M 181.55M 167.72M
Other non cash items 7.13M 1.59M 8.41M 6.15M 6.17M
Free cash flow 1117.68M 1034.08M 810.11M 655.00M 543.25M

Fundamentals

  • Previous Close 275.63
  • Market Cap75040.15M
  • Volume2061064
  • P/E Ratio78.81
  • Dividend Yield0.43%
  • EBITDA1288.40M
  • Revenue TTM3921.24M
  • Revenue Per Share TTM14.55
  • Gross Profit TTM 3190.09M
  • Diluted EPS TTM3.50

Peer Comparison

Sector: Technology Industry: Software - Application

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
CDNS
Cadence Design Systems Inc
-1.08 0.39% 274.55 78.81 45.87 18.79 23.67 18.71 56.06
CRM
Salesforce.com Inc
-0.25 0.09% 268.69 100.89 27.47 7.42 4.34 7.44 26.81
SAPGF
SAP SE
-0.107 0.06% 182.00 76.28 22.88 5.61 3.84 5.59 26.18
SAP
SAP SE ADR
-1.14 0.63% 180.07 75.80 22.37 5.62 3.75 5.51 25.79
INTU
Intuit Inc
-10.42 1.67% 615.20 67.36 37.59 11.69 10.14 11.97 41.27

Reports Covered

Stock Research & News

Profile

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 Innovus implementation system, a physical implementation system. 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 with 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.

Cadence Design Systems Inc

Building 5, San Jose, CA, United States, 95134

Key Executives

Name Title Year Born
Mr. Lip-Bu Tan Exec. Chair of the Board 1959
Dr. Anirudh Devgan Ph.D. CEO, Pres & Director 1970
Mr. John M. Wall Sr. VP & CFO 1971
Mr. Thomas P. Beckley Sr. VP and GM of Custom IC & PCB Group 1958
Mr. Aneel Zaman Sr. VP & Chief Revenue Officer 1969
Dr. Chin-Chi Teng Ph.D. Sr. VP and GM of the Digital & Signoff Group 1966
Mr. Ariel Sella Co-Founder NA
Mr. James Haddad Corp. VP of Corp. Fin. & Treasurer NA
Mr. Richard Gu VP of Investor Relations NA
Ms. Karna Nisewaner Corp. VP, Gen. Counsel & Sec. NA

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