Selected Financial Data
since 2005
Income Statement
Cadence Design Systems Inc., selected items from income statement, long-term trends
US$ in thousands
| 12 months ended: | Revenue | Income (loss) from operations | Net income (loss) |
|---|---|---|---|
| Dec 31, 2024 | 4,641,264) | 1,350,763) | 1,055,484) |
| Dec 31, 2023 | 4,089,986) | 1,251,225) | 1,041,144) |
| Dec 31, 2022 | 3,561,718) | 1,073,686) | 848,952) |
| Dec 31, 2021 | 2,988,244) | 779,089) | 695,955) |
| Dec 31, 2020 | 2,682,891) | 645,552) | 590,644) |
| Dec 28, 2019 | 2,336,319) | 491,796) | 988,979) |
| Dec 29, 2018 | 2,138,022) | 396,209) | 345,777) |
| Dec 30, 2017 | 1,943,032) | 323,955) | 204,101) |
| Dec 31, 2016 | 1,816,083) | 244,901) | 203,086) |
| Dec 31, 2015 | 1,702,091) | 285,430) | 252,417) |
| Dec 31, 2014 | 1,580,932) | 206,644) | 158,898) |
| Dec 28, 2013 | 1,460,116) | 189,007) | 164,243) |
| Dec 29, 2012 | 1,326,424) | 211,672) | 439,948) |
| Dec 31, 2011 | 1,149,835) | 120,377) | 72,229) |
| Dec 31, 2010 | 935,954) | (28,966) | 126,538) |
| Dec 31, 2009 | 852,632) | (123,591) | (149,871) |
| Dec 31, 2008 | 1,038,614) | (1,573,268) | (1,854,038) |
| Dec 29, 2007 | 1,615,013) | 317,915) | 296,252) |
| Dec 30, 2006 | 1,483,895) | 224,592) | 142,592) |
| Dec 31, 2005 | 1,329,192) | 118,832) | 49,343) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
The financial data reveals significant fluctuations and growth patterns over the examined period. Revenue displays a steady increase overall, starting at approximately $1.33 billion and growing to nearly $4.64 billion by the end of the period. This steady upward trend indicates strong sales growth and market expansion, albeit with a noticeable dip during the years 2008 and 2009, coinciding with global economic challenges.
Income (loss) from operations shows considerable volatility. Early years demonstrate positive operating income, increasing from about $119 million to a peak of approximately $318 million in 2007. However, there is a sharp downturn with significant losses in 2008, reaching an operating loss of over $1.5 billion, followed by smaller losses in 2009 and 2010. After 2010, operating income resumes a positive trend, gradually increasing to reach around $1.35 billion by the end of the period. This trend indicates recovery from operational challenges and expansion into more profitable operations.
Net income exhibits a similar volatility pattern. It starts at approximately $49 million, rises steadily to about $296 million in 2007, then plunges into a substantial net loss exceeding $1.8 billion in 2008. Following this, net income recovers, with fluctuating positive values and notable growth from 2012 onwards. The net income rises robustly, reaching over $1 billion by the latter years. This recovery and growth reflect successful management of expenses and improved profitability despite earlier setbacks.
- Summary of Trends
- Revenue has overall increased significantly, demonstrating strong growth despite economic downturns.
- Operating income experienced severe disruption during the 2008 financial crisis but recovered steadily afterward, ultimately achieving substantial profitability.
- Net income followed a similar pattern to operating income, showing sharp losses during the crisis but a strong rebound and expansion in subsequent years.
- The period from 2012 onward marks a phase of consistent profitability and operational efficiency improvements, aligning with increased revenue levels.
Balance Sheet: Assets
Cadence Design Systems Inc., selected items from assets, long-term trends
US$ in thousands
| Current assets | Total assets | |
|---|---|---|
| Dec 31, 2024 | 4,016,079) | 8,974,482) |
| Dec 31, 2023 | 1,976,217) | 5,669,491) |
| Dec 31, 2022 | 1,706,767) | 5,137,071) |
| Dec 31, 2021 | 1,715,769) | 4,386,299) |
| Dec 31, 2020 | 1,478,587) | 3,950,785) |
| Dec 28, 2019 | 1,169,343) | 3,357,225) |
| Dec 29, 2018 | 951,092) | 2,468,654) |
| Dec 30, 2017 | 979,988) | 2,418,714) |
| Dec 31, 2016 | 702,034) | 2,096,908) |
| Dec 31, 2015 | 964,761) | 2,351,015) |
| Dec 31, 2014 | 1,851,735) | 3,209,556) |
| Dec 28, 2013 | 1,221,091) | 2,428,601) |
| Dec 29, 2012 | 1,391,235) | 2,287,003) |
| Dec 31, 2011 | 1,063,983) | 1,761,269) |
| Dec 31, 2010 | 879,406) | 1,732,116) |
| Dec 31, 2009 | 850,747) | 1,410,587) |
| Dec 31, 2008 | 954,548) | 1,678,714) |
| Dec 29, 2007 | 1,529,563) | 3,871,150) |
| Dec 30, 2006 | 1,312,005) | 3,442,822) |
| Dec 31, 2005 | 1,276,302) | 3,401,312) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
The analysis of the financial data reveals several notable trends in the asset composition and growth over the observed periods.
- Current Assets
- The value of current assets exhibits considerable fluctuations throughout the years. Initially, there was an increase from approximately 1.28 billion USD in 2005 to about 1.52 billion USD in 2007, indicating growth in liquid and short-term assets. However, from 2007 to 2009, current assets declined sharply, reaching a low of approximately 851 million USD in 2009. This decline may reflect a strategic reduction in short-term holdings or external economic pressures during that period.
- Following 2009, current assets generally increased again with some volatility. By 2014, there was a peak of roughly 1.85 billion USD, followed by a dip in 2015 and 2016. Starting from 2017, the trend turns upward and is sustained, leading to a substantial rise to nearly 4.02 billion USD by 2024. This upward trend could indicate enhanced liquidity or improved asset management strategies progressively adopted by the company.
- Total Assets
- Total assets also show variability but indicate an overall positive trajectory with total assets increasing from around 3.4 billion USD in 2005 to almost 9 billion USD in 2024. There is a marked decrease in total assets from 2007 to 2009, aligning with the trend seen in current assets and suggesting broader asset revaluation or divestiture during this period.
- From 2009 onwards, total assets steadily increase, with some intermediate fluctuations in 2014 through 2016. Post-2016, the expansion accelerates, confirmed by the rise to 8.97 billion USD by 2024, indicating substantial asset base growth. Such growth might be attributable to acquisitions, capital investments, or organic growth in long-term assets.
In conclusion, the data indicates that the company experienced a period of contraction in both current and total assets between 2007 and 2009, likely due to economic headwinds or internal restructuring. From 2010 onwards, asset levels recovered and grew significantly, particularly in recent years, suggesting improved financial strength and potential expansion initiatives. The greater relative increase in current assets in the latest years may also indicate improved liquidity or shifts in asset allocation strategy.
Balance Sheet: Liabilities and Stockholders’ Equity
Cadence Design Systems Inc., selected items from liabilities and stockholders’ equity, long-term trends
US$ in thousands
| Current liabilities | Total liabilities | Total debt | Stockholders’ equity | |
|---|---|---|---|---|
| Dec 31, 2024 | 1,370,105) | 4,300,904) | 2,476,183) | 4,673,578) |
| Dec 31, 2023 | 1,590,867) | 2,265,220) | 649,056) | 3,404,271) |
| Dec 31, 2022 | 1,347,696) | 2,391,958) | 748,078) | 2,745,113) |
| Dec 31, 2021 | 971,225) | 1,645,624) | 347,588) | 2,740,675) |
| Dec 31, 2020 | 796,808) | 1,457,767) | 346,793) | 2,493,018) |
| Dec 28, 2019 | 672,391) | 1,254,331) | 346,019) | 2,102,894) |
| Dec 29, 2018 | 708,982) | 1,180,253) | 445,291) | 1,288,401) |
| Dec 30, 2017 | 642,398) | 1,429,512) | 729,369) | 989,202) |
| Dec 31, 2016 | 585,562) | 1,355,138) | 693,493) | 741,770) |
| Dec 31, 2015 | 536,307) | 974,900) | 348,788) | 1,376,115) |
| Dec 31, 2014 | 1,393,091) | 1,875,982) | 691,175) | 1,333,574) |
| Dec 28, 2013 | 1,148,210) | 1,272,496) | 324,826) | 1,156,105) |
| Dec 29, 2012 | 1,217,270) | 1,371,832) | 447,011) | 915,171) |
| Dec 31, 2011 | 1,015,366) | 1,350,139) | 425,981) | 411,130) |
| Dec 31, 2010 | 697,548) | 1,455,462) | 549,662) | 276,654) |
| Dec 31, 2009 | 397,898) | 1,302,214) | 436,012) | 108,373) |
| Dec 31, 2008 | 564,210) | 1,576,746) | 500,178) | 101,968) |
| Dec 29, 2007 | 785,487) | 1,791,084) | 730,385) | 2,080,066) |
| Dec 30, 2006 | 548,065) | 1,743,531) | 758,385) | 1,699,291) |
| Dec 31, 2005 | 605,851) | 1,556,608) | 580,000) | 1,844,704) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
The financial data reveals multiple trends and shifts in key balance sheet components over the years observed.
- Current Liabilities
- Current liabilities exhibited significant fluctuations throughout the period. Starting at approximately $606 million in 2005, there was a notable increase reaching over $1.2 billion in 2012, followed by a decline to about $536 million in 2015. Subsequently, current liabilities rose sharply again, peaking near $1.59 billion in 2023 before decreasing slightly to $1.37 billion in 2024. This volatility may indicate periods of changing short-term obligations or working capital management strategies.
- Total Liabilities
- Total liabilities first increased from around $1.56 billion in 2005 to a peak of nearly $1.88 billion in 2014. After a temporary decline to under $1.18 billion in 2018, there was a pronounced surge in liabilities reaching over $4.3 billion in 2024. This sharp increase suggests either substantial new borrowing or increased obligations during the most recent years, significantly impacting the company's leverage position.
- Total Debt
- Total debt showed a general fluctuation with an initial increase from $580 million in 2005 to a peak above $750 million in 2006, then a decline down to about $324 million in 2013. The debt level maintained a relatively moderate range between 2013 and 2019 but experienced a considerable escalation to approximately $2.48 billion in 2024. Such a rise could be indicative of strategic financing decisions, possibly to support growth or acquisitions.
- Stockholders’ Equity
- Stockholders' equity exhibited a very dynamic profile. It initially decreased significantly from about $1.84 billion in 2005 to just over $100 million by the end of 2008. Thereafter, equity steadily increased, surpassing $2.7 billion in 2022 and extrapolating to approximately $4.67 billion by 2024. This growth trajectory may reflect successful retention of earnings, capital injections, or revaluation gains that bolster the company’s net worth.
- Overall Insights
- The company’s balance sheet has undergone substantial transformation, marked by pronounced volatility in liabilities and a pronounced rebound and growth in equity from 2009 onward. The distinct spike in total liabilities and debt by 2024 contrasts with the rising equity, suggesting a more leveraged capital structure but potentially supported by increased asset base or retained earnings. These patterns indicate evolving financing strategies over the years, with a recent emphasis on debt funding paired with equity growth, likely reflecting changing operational or strategic financial priorities.
Cash Flow Statement
Cadence Design Systems Inc., selected items from cash flow statement, long-term trends
US$ in thousands
| 12 months ended: | Net cash provided by operating activities | Net cash (used for) provided by investing activities | Net cash provided by (used for) financing activities |
|---|---|---|---|
| Dec 31, 2024 | 1,260,551) | (837,118) | 1,239,241) |
| Dec 31, 2023 | 1,349,176) | (412,249) | (803,573) |
| Dec 31, 2022 | 1,241,894) | (738,634) | (657,049) |
| Dec 31, 2021 | 1,100,958) | (292,954) | (643,792) |
| Dec 31, 2020 | 904,922) | (292,158) | (415,289) |
| Dec 28, 2019 | 729,600) | (105,708) | (443,886) |
| Dec 29, 2018 | 604,751) | (173,845) | (567,939) |
| Dec 30, 2017 | 470,740) | (191,209) | (70,147) |
| Dec 31, 2016 | 444,879) | 1,357) | (592,697) |
| Dec 31, 2015 | 378,200) | (44,504) | (626,310) |
| Dec 31, 2014 | 316,722) | (198,015) | 288,965) |
| Dec 28, 2013 | 367,605) | (426,895) | (116,291) |
| Dec 29, 2012 | 315,994) | (201,240) | 15,833) |
| Dec 31, 2011 | 240,342) | (56,497) | (144,804) |
| Dec 31, 2010 | 199,143) | (285,112) | 59,938) |
| Dec 31, 2009 | 25,637) | (50,509) | 20,967) |
| Dec 31, 2008 | 70,286) | (126,885) | (443,419) |
| Dec 29, 2007 | 402,438) | (108,443) | (170,066) |
| Dec 30, 2006 | 421,216) | (111,762) | (233,927) |
| Dec 31, 2005 | 426,283) | (222,697) | 205,349) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
The analysis of the cash flow components over the presented periods reveals notable trends and fluctuations in the company's operational, investing, and financing activities.
- Net Cash Provided by Operating Activities
- This metric shows an overall upward trend from 2005 through 2024, despite some fluctuations. Initial values were in the low hundreds of thousands (thousands of US dollars), with a notable dip observed in 2008 and 2009, where cash flows were significantly lower compared to previous years. From 2010 onward, the figures generally increased, demonstrating strengthening operating cash inflows. The peak appears around 2022 to 2024, with cash provided exceeding one million thousand US dollars (over one billion), indicating strong operational cash generation in these recent years.
- Net Cash Used for Investing Activities
- Investing cash flows have consistently been negative throughout most of the reported periods, reflecting ongoing capital expenditures or investments by the company. The outflows show variability, with particularly large negative values observed in years such as 2012, 2013, 2020, and 2024. The trend suggests sustained investments or asset acquisitions, with some years displaying significantly higher cash outflows arguably for growth or expansion purposes. An exception occurs around 2016 where the cash flow from investing activities is marginally positive, indicating possible divestitures or asset sales.
- Net Cash Provided by (Used for) Financing Activities
- This category exhibits considerable volatility. Early years show alternating positive and negative values, but beginning from 2011, larger negative values dominate, indicating net repayments or reductions in financing activities like debt repayment or share buyback. There are exceptions, notably in 2014 and 2024, where positive financing cash flows suggest significant inflows possibly from debt issuance or equity financing. The marked use of cash for financing from 2011 through 2023 contrasts with the strong positive figure in 2024, which may indicate a strategic shift in capital structure management.
Overall, the data indicates a company with improving operating cash generation capability, consistently investing in its business over the years, and managing financing activities with an evident shift between years of net repayments and periods of cash inflows from financing sources. The fluctuations in financing cash flows alongside steady operational growth and continued investment emphasize a dynamic approach to capital management aligned with strategic business developments.
Per Share Data
Cadence Design Systems Inc., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Dec 31, 2024 | 3.89 | 3.85 | 0.00 |
| Dec 31, 2023 | 3.86 | 3.82 | 0.00 |
| Dec 31, 2022 | 3.13 | 3.09 | 0.00 |
| Dec 31, 2021 | 2.54 | 2.50 | 0.00 |
| Dec 31, 2020 | 2.16 | 2.11 | 0.00 |
| Dec 28, 2019 | 3.62 | 3.53 | 0.00 |
| Dec 29, 2018 | 1.26 | 1.23 | 0.00 |
| Dec 30, 2017 | 0.75 | 0.73 | 0.00 |
| Dec 31, 2016 | 0.71 | 0.70 | 0.00 |
| Dec 31, 2015 | 0.88 | 0.81 | 0.00 |
| Dec 31, 2014 | 0.56 | 0.52 | 0.00 |
| Dec 28, 2013 | 0.59 | 0.56 | 0.00 |
| Dec 29, 2012 | 1.63 | 1.57 | 0.00 |
| Dec 31, 2011 | 0.27 | 0.27 | 0.00 |
| Dec 31, 2010 | 0.49 | 0.48 | 0.00 |
| Dec 31, 2009 | -0.58 | -0.58 | 0.00 |
| Dec 31, 2008 | -7.29 | -7.29 | 0.00 |
| Dec 29, 2007 | 1.09 | 1.01 | 0.00 |
| Dec 30, 2006 | 0.51 | 0.46 | 0.00 |
| Dec 31, 2005 | 0.18 | 0.16 | 0.00 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
1, 2, 3 Data adjusted for splits and stock dividends.
The financial data reveals notable fluctuations in earnings per share (EPS) over the analyzed period. Both basic and diluted EPS exhibit similar trends, reflecting consistent reporting standards and share dilution effects.
- Basic Earnings Per Share (EPS)
- The basic EPS started at a modest level in 2005 with $0.18, increasing significantly to $1.09 by 2007. A sharp decline occurred in 2008, resulting in a substantial negative EPS of -$7.29, indicating a considerable loss during that year. The subsequent years showed recovery with a brief negative EPS in 2009 at -$0.58. From 2010 onwards, the EPS stabilized with smaller fluctuations, and from 2012 forward there was a generally upward trajectory. Particularly from 2018 to 2024, EPS rose impressively from $1.26 to $3.89, showing strong profitability growth.
- Diluted Earnings Per Share
- The diluted EPS mirrored the trend of the basic EPS closely, starting at $0.16 in 2005, increasing to $1.01 by 2007, followed by the same severe loss in 2008 (-$7.29) and a slight negative dip in 2009 (-$0.58). Post-2009, the diluted EPS followed a similar recovery and growth pattern, increasing notably from 2018's $1.23 to $3.85 in 2024. The tight alignment with basic EPS suggests minimal dilution impact on earnings per share.
- Dividend Per Share
- There is no reported dividend data across the entire timeframe, indicating either the absence of dividend payments or missing information in the dataset.
In summary, the earnings per share of the company experienced substantial volatility early in the period analyzed, especially marked by a significant loss in 2008 likely reflecting adverse market or company-specific events. Since then, earnings have progressively strengthened, with consistent growth observed from around 2012 and especially accelerating from 2018 onwards. The absence of dividend data precludes analysis of shareholder return through dividends. Overall, the EPS trend suggests improving profitability and resilience in recent years.