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.

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

US$ in thousands

	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	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
Cash and cash equivalents	1,440,443)	1,406,668)	3,001,317)	2,753,246)	2,822,762)	2,777,674)	2,644,030)	2,786,040)	1,058,955)	1,012,418)	1,008,152)	961,982)	873,925)	916,963)	882,325)	1,026,051)	1,029,544)	1,134,752)	1,088,940)	1,013,819)	847,160)	742,981)
Receivables, net	1,065,023)	1,033,814)	944,939)	755,265)	670,166)	580,887)	680,460)	560,973)	564,851)	389,865)	489,224)	426,505)	440,915)	488,237)	486,710)	391,181)	391,738)	361,789)	337,596)	327,191)	389,986)	388,666)
Inventories	390,378)	317,951)	303,545)	286,193)	226,162)	225,621)	257,711)	293,350)	171,508)	185,784)	181,661)	163,693)	139,576)	127,566)	128,005)	114,283)	106,372)	110,213)	115,721)	101,575)	90,479)	76,592)
Prepaid expenses and other	326,049)	421,967)	419,872)	492,336)	503,453)	413,905)	433,878)	459,560)	401,074)	341,865)	297,180)	272,283)	188,634)	165,778)	209,727)	138,968)	129,966)	128,143)	173,512)	100,428)	129,442)	141,490)
Current assets	3,221,893)	3,180,400)	4,669,673)	4,287,040)	4,222,543)	3,998,087)	4,016,079)	4,099,923)	2,196,388)	1,929,932)	1,976,217)	1,824,463)	1,643,050)	1,698,544)	1,706,767)	1,670,483)	1,657,620)	1,734,897)	1,715,769)	1,543,013)	1,457,067)	1,349,729)
Property, plant and equipment, net	560,161)	536,903)	517,004)	494,701)	482,131)	466,322)	458,200)	448,652)	449,422)	433,016)	403,213)	379,776)	370,193)	372,956)	371,451)	348,238)	316,741)	310,690)	305,911)	303,313)	301,979)	305,089)
Goodwill	4,914,788)	4,929,581)	2,749,143)	2,644,910)	2,599,798)	2,419,717)	2,378,671)	2,493,467)	2,417,747)	1,575,107)	1,535,845)	1,500,442)	1,428,772)	1,377,625)	1,374,268)	1,348,494)	924,460)	923,719)	928,358)	925,949)	929,525)	912,603)
Acquired intangibles, net	1,874,455)	1,933,262)	718,223)	672,508)	618,952)	584,228)	594,734)	662,343)	664,038)	334,644)	336,843)	347,617)	340,742)	341,738)	354,617)	353,912)	215,781)	219,110)	233,265)	247,628)	264,789)	264,671)
Deferred taxes	832,566)	843,209)	917,733)	892,568)	980,223)	986,191)	982,057)	889,939)	892,963)	886,576)	880,001)	874,805)	872,151)	864,750)	853,691)	783,315)	802,886)	787,111)	763,770)	766,036)	729,790)	729,296)
Other assets	676,462)	674,999)	581,372)	607,544)	605,051)	558,941)	544,741)	572,707)	605,183)	562,855)	537,372)	504,272)	500,216)	516,006)	476,277)	463,645)	443,786)	419,540)	439,226)	427,936)	439,398)	437,571)
Long-term assets	8,858,432)	8,917,954)	5,483,475)	5,312,231)	5,286,155)	5,015,399)	4,958,403)	5,067,108)	5,029,353)	3,792,198)	3,693,274)	3,606,912)	3,512,074)	3,473,075)	3,430,304)	3,297,604)	2,703,654)	2,660,170)	2,670,530)	2,670,862)	2,665,481)	2,649,230)
Total assets	12,080,325)	12,098,354)	10,153,148)	9,599,271)	9,508,698)	9,013,486)	8,974,482)	9,167,031)	7,225,741)	5,722,130)	5,669,491)	5,431,375)	5,155,124)	5,171,619)	5,137,071)	4,968,087)	4,361,274)	4,395,067)	4,386,299)	4,213,875)	4,122,548)	3,998,959)

The balance sheet reflects a period of aggressive expansion, with total assets growing from approximately 3.99 billion USD in April 2021 to 12.08 billion USD by June 2026. This growth is characterized by two distinct phases: a steady organic increase in the first three years, followed by substantial jumps in asset valuation driven by strategic acquisitions and liquidity shifts.

Total Asset Trajectory and Composition: Total assets expanded by approximately 202% over the analyzed period. While current assets grew significantly, the most profound growth occurred within long-term assets, which rose from 2.65 billion USD in April 2021 to 8.86 billion USD in June 2026. The balance sheet shifted from a more balanced distribution between current and long-term assets toward a heavy concentration in long-term intangible assets.
Acquisition Activity and Intangibles: A strong correlation is observed between the growth of total assets and the surge in goodwill and acquired intangibles. Goodwill increased from 912.6 million USD in April 2021 to 4.91 billion USD by June 2026, with a particularly sharp increase occurring between December 2025 and March 2026. Similarly, acquired intangibles rose from 264.7 million USD to 1.87 billion USD. These patterns indicate a strategy of inorganic growth through significant corporate acquisitions.
Liquidity and Cash Management: Cash and cash equivalents exhibited significant volatility. A notable spike occurred in September 2024, where reserves jumped from 1.05 billion USD to 2.78 billion USD, remaining elevated through December 2025. This surge was followed by a sharp reduction to 1.44 billion USD by June 2026, suggesting the deployment of cash reserves to fund the large-scale acquisitions reflected in the goodwill account.
Working Capital and Operating Assets: Operating assets showed a consistent upward trend. Net receivables grew from 388.7 million USD to 1.06 billion USD, and inventories increased from 76.6 million USD to 390.4 million USD. This growth suggests a scaling of business operations and an increase in the volume of customer engagements and product delivery.
Fixed and Other Assets: Property, plant, and equipment (PP&E) demonstrated modest and linear growth, moving from 305.1 million USD in April 2021 to 560.2 million USD in June 2026. Deferred taxes remained relatively stable, fluctuating between 729 million USD and 986 million USD, indicating that the expansion of the asset base was primarily driven by intangibles rather than physical infrastructure or significant tax-related shifts.

Cadence Design Systems Inc. (NASDAQ:CDNS)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Cadence Design Systems Inc. (NASDAQ:CDNS)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data