Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Cadence Design Systems Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

		Jun 30, 2025		Mar 31, 2025		Dec 31, 2024		Sep 30, 2024		Jun 30, 2024		Mar 31, 2024		Dec 31, 2023		Sep 30, 2023		Jun 30, 2023		Mar 31, 2023		Dec 31, 2022		Oct 1, 2022		Jul 2, 2022		Apr 2, 2022		Dec 31, 2021		Oct 2, 2021		Jul 3, 2021		Apr 3, 2021		Dec 31, 2020		Sep 26, 2020		Jun 27, 2020		Mar 28, 2020
	Cash and cash equivalents
	Receivables, net
	Inventories
	Prepaid expenses and other
	Current assets
	Property, plant and equipment, net
	Goodwill
	Acquired intangibles, net
	Deferred taxes
	Other assets
	Long-term assets
	Total assets

The analysis of the quarterly financial data reveals several noteworthy trends and patterns in key asset categories over the observed periods.

Cash and Cash Equivalents: Cash levels exhibit volatility with an initial increase through 2020, peaking at approximately $1.31 billion in September 2020. Subsequently, there was a decrease into early 2022 followed by a recovery that showed a marked increase in the last two quarters of 2024, reaching over $2.7 billion. This indicates an accumulation of cash resources toward the end of the period.
Receivables, Net: Receivables generally trend upwards, increasing from about $284 million in early 2020 to peaks exceeding $680 million by mid-2025. This rising trend suggests growing sales or extended credit terms. However, there are fluctuations such as declines around mid-2023, indicating some variability in collection patterns or sales dynamics.
Inventories: Inventories exhibit an overall increasing trend, starting at approximately $61 million in early 2020 and rising substantially to over $293 million by late 2024, before decreasing slightly thereafter. The increase may reflect higher production or stockpiling in response to demand or supply chain considerations. The substantial jump in inventories in 2024 is notable.
Prepaid Expenses and Other Current Assets: Prepaid expenses and other current assets present a generally upward trend throughout the period, more than quadrupling from roughly $108 million in early 2020 to over $500 million by mid-2025. This steady growth could be associated with increased advance payments or other current asset accumulation strategies.
Current Assets: Total current assets have shown a moderate upward trend with fluctuations, growing from approximately $1.4 billion in early 2020 to over $4 billion by mid-2025. The sharp increase toward the end of the period reflects substantial growth in cash, receivables, and other current assets.
Property, Plant and Equipment, Net: Net property, plant, and equipment steadily increased from $281 million in early 2020 to nearly $482 million by mid-2025. This indicates ongoing capital investments or asset acquisitions, supporting operational capacity growth.
Goodwill: Goodwill remained relatively stable around $780 million during 2020, then increased sharply from early 2022, peaking at nearly $2.6 billion by mid-2025. This signifies significant acquisitions or business combinations contributing to intangible asset growth.
Acquired Intangibles, Net: Acquired intangibles showed a declining trend from early 2020 to early 2022, but experienced a substantial increase afterwards, nearly tripling between 2022 and 2024, then showing slight declines by mid-2025. This pattern aligns with the increase in goodwill, reflecting sizable strategic acquisitions with considerable intangible assets.
Deferred Taxes: Deferred tax assets/liabilities remained relatively stable, maintaining a range between roughly $690 million and $980 million. Some growth is visible toward the end of the period, consistent with expanding asset base and transactions affecting tax positions.
Other Assets: Other assets generally increased from $350 million in early 2020 to over $600 million later in the period, with minor fluctuations, indicating incremental asset accumulation outside the main categories.
Long-term Assets: Long-term assets rose from $2.37 billion in early 2020 to a peak exceeding $5.2 billion by mid-2025, reflecting substantial increases primarily driven by goodwill, acquired intangibles, and property, plant, and equipment expansions.
Total Assets: Total assets increased consistently from approximately $3.77 billion in early 2020 to surpass $9.5 billion by mid-2025. The growth trend accelerates notably from 2023 onward, indicating expanding asset base driven by both current and long-term asset growth, supported by acquisitions and capital expenditures.

Overall, the financial profile presents a company in expansion with significant increases in both current and long-term assets, notably through acquisitions reflected in goodwill and intangible assets, alongside steady investment in physical assets. The considerable growth in cash and receivables suggests enhanced liquidity and business activity. The trends highlight strategic asset accumulation and growth initiatives sustaining the company's expanding operational footprint over time.

Assets: Selected Items

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Current Assets: Selected Items