CDNS - Cadence Design Systems, Inc.
NASDAQ
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Technology
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Software—Application
San Jose,
United States
Type: Equity
CDNS price evolution
CDNS
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1008.15 | $961.98 | $873.92 | $916.96 |
| Short term investments | ||||
| Net receivables | $489.22 | $426.5 | $440.92 | $488.24 |
| Inventory | $181.66 | $163.69 | $139.58 | $127.57 |
| Total current assets | $1976.22 | $1824.46 | $1643.05 | $1698.54 |
| Long term investments | ||||
| Property, plant & equipment | $403.21 | $379.78 | $370.19 | $372.96 |
| Goodwill & intangible assets | $1872.69 | $1848.06 | $1769.51 | $1719.36 |
| Total noncurrent assets | $3693.27 | $3606.91 | $3512.07 | $3473.07 |
| Total investments | ||||
| Total assets | $5669.49 | $5431.38 | $5155.12 | $5171.62 |
| Current liabilities | ||||
| Accounts payable | $576.56 | $598.26 | $510.01 | $430.13 |
| Deferred revenue | $763.96 | $766.51 | $782.95 | $823.76 |
| Short long term debt | $349.29 | $30 | ||
| Total current liabilities | $1590.87 | $1264.17 | $1196.3 | $1181.38 |
| Long term debt | $299.77 | $648.8 | $648.55 | $648.3 |
| Total noncurrent liabilities | $674.35 | $1053.31 | $1050.37 | $1049.36 |
| Total debt | $649.06 | $648.8 | $648.55 | $678.3 |
| Total liabilities | $2265.22 | $2317.48 | $2246.67 | $2230.74 |
| Shareholders' equity | ||||
| Retained earnings | $4936.38 | $4612.48 | $4358.16 | $4137.04 |
| Other shareholder equity | -$94.75 | -$113.06 | -$90.51 | -$87.39 |
| Total shareholder equity | $3404.27 | $3113.89 | $2908.45 | $2940.88 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1008.15 | $882.33 | $1088.94 | $928.43 |
| Short term investments | $4.45 | |||
| Net receivables | $489.22 | $509.48 | $337.6 | $338.49 |
| Inventory | $181.66 | $128 | $115.72 | $75.96 |
| Total current assets | $1976.22 | $1706.77 | $1715.77 | $1478.59 |
| Long term investments | $132.23 | |||
| Property, plant & equipment | $403.21 | $541.83 | $305.91 | $311.13 |
| Goodwill & intangible assets | $1872.69 | $1728.88 | $1161.62 | $992.68 |
| Total noncurrent assets | $3693.27 | $3430.3 | $2670.53 | $2472.2 |
| Total investments | ||||
| Total assets | $5669.49 | $5137.07 | $4386.3 | $3950.78 |
| Current liabilities | ||||
| Accounts payable | $576.56 | $557.16 | $417.28 | $349.95 |
| Deferred revenue | $763.96 | $782.06 | $655.09 | $553.92 |
| Short long term debt | $349.29 | $100 | ||
| Total current liabilities | $1590.87 | $1347.7 | $971.23 | $796.81 |
| Long term debt | $299.77 | $648.08 | $347.59 | $346.79 |
| Total noncurrent liabilities | $674.35 | $1044.26 | $674.4 | $660.96 |
| Total debt | $649.06 | $748.08 | $347.59 | $346.79 |
| Total liabilities | $2265.22 | $2391.96 | $1645.62 | $1457.77 |
| Shareholders' equity | ||||
| Retained earnings | $4936.38 | $3895.24 | $3046.29 | $2350.33 |
| Other shareholder equity | -$94.75 | -$91.64 | -$33.31 | -$17.43 |
| Total shareholder equity | $3404.27 | $2745.11 | $2740.68 | $2493.02 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $1068.62 | $1023.09 | $976.58 | $1021.69 |
| Cost of revenue | $104.13 | $109.58 | $96.86 | $124.47 |
| Gross Profit | $964.49 | $913.51 | $879.72 | $897.22 |
| Operating activities | ||||
| Research & development | $367.44 | $369.64 | $354.42 | $350.3 |
| Selling, general & administrative | $256.11 | $234.77 | $221.68 | $220.19 |
| Total operating expenses | $627.97 | $620.61 | $580.39 | $574.75 |
| Operating income | $336.53 | $292.91 | $299.33 | $322.46 |
| Income from continuing operations | ||||
| EBIT | $371.05 | $309.01 | $307.3 | $330.75 |
| Income tax expense | $38.16 | $45.63 | $77.3 | $79.68 |
| Interest expense | $8.99 | $9.06 | $8.88 | $9.26 |
| Net income | ||||
| Net income | $323.9 | $254.32 | $221.12 | $241.8 |
| Income (for common shares) | $323.9 | $254.32 | $221.12 | $241.8 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $4089.99 | $3561.72 | $2988.24 | $2682.89 |
| Cost of revenue | $435.04 | $371.62 | $307.01 | $305.5 |
| Gross Profit | $3654.95 | $3190.09 | $2681.24 | $2377.39 |
| Operating activities | ||||
| Research & development | $1441.8 | $1251.54 | $1134.28 | $1033.73 |
| Selling, general & administrative | $932.75 | $846.34 | $749.28 | $670.88 |
| Total operating expenses | $2403.72 | $2116.41 | $1902.15 | $1731.84 |
| Operating income | $1251.22 | $1073.69 | $779.09 | $645.55 |
| Income from continuing operations | ||||
| EBIT | $1318.11 | $1068.3 | $785.41 | $653.5 |
| Income tax expense | $240.78 | $196.41 | $72.48 | $42.1 |
| Interest expense | $36.19 | $22.93 | $16.98 | $20.75 |
| Net income | ||||
| Net income | $1041.14 | $848.95 | $695.96 | $590.64 |
| Income (for common shares) | $1041.14 | $848.95 | $695.96 | $590.64 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | $323.9 | $254.32 | $221.12 | $241.8 |
| Operating activities | ||||
| Depreciation | $41.64 | $37.21 | $33.88 | $33.01 |
| Business acquisitions & disposals | -$34.39 | -$108.58 | -$55.38 | |
| Stock-based compensation | $86.68 | $88.03 | $76.61 | $74.29 |
| Total cash flows from operations | $272.09 | $395.91 | $413.77 | $267.4 |
| Investing activities | ||||
| Capital expenditures | -$33.7 | -$21.98 | -$19.94 | -$26.72 |
| Investments | -$30.42 | -$53.27 | -$18.75 | -$8.95 |
| Total cash flows from investing | -$98.68 | -$183.83 | -$94.07 | -$35.67 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$123.39 | -$71.17 | -$312.98 | -$59.64 |
| Net borrowings | -$30 | -$70 | ||
| Total cash flows from financing | -$137.6 | -$114.36 | -$354.25 | -$197.35 |
| Effect of exchange rate | $10.36 | -$9.66 | -$8.49 | $0.26 |
| Change in cash and equivalents | $46.17 | $88.06 | -$43.04 | $34.64 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $1041.14 | $848.95 | $695.96 | $590.64 |
| Operating activities | ||||
| Depreciation | $145.74 | $135.43 | $130.7 | $150.14 |
| Business acquisitions & disposals | -$198.35 | -$613.78 | -$226.2 | -$197.56 |
| Stock-based compensation | $325.61 | $270.44 | $210.09 | $197.27 |
| Total cash flows from operations | $1349.18 | $1241.89 | $1100.96 | $904.92 |
| Investing activities | ||||
| Capital expenditures | -$102.34 | -$123.22 | -$65.3 | -$94.81 |
| Investments | -$111.39 | -$0.63 | $0.13 | $0.22 |
| Total cash flows from investing | -$412.25 | -$738.63 | -$292.95 | -$292.16 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$567.18 | -$944.76 | -$524.52 | -$305.26 |
| Net borrowings | -$100 | $399.57 | -$1.28 | |
| Total cash flows from financing | -$803.57 | -$657.05 | -$643.79 | -$415.29 |
| Effect of exchange rate | -$7.53 | -$52.83 | -$3.7 | $25.75 |
| Change in cash and equivalents | $125.83 | -$206.62 | $160.51 | $223.22 |
News
Fundamentals
| Market cap | $75.28B |
|---|---|
| Enterprise value | $74.93B |
| Shares outstanding | 271.71M |
| Revenue | $4.09B |
|---|---|
| EBITDA | $1.46B |
| EBIT | $1.32B |
| Net Income | $1.04B |
| Revenue Q/Q | 18.75% |
| Revenue Y/Y | N/A |
| P/E ratio | 72.31 |
|---|---|
| EV/Sales | 18.32 |
| EV/EBITDA | 51.18 |
| EV/EBIT | 56.84 |
| P/S ratio | 18.41 |
| P/B ratio | 21.52 |
| Book/Share | 12.88 |
| Cash/Share | 3.71 |
| EPS | $3.83 |
|---|---|
| ROA | 19.44% |
| ROE | 33.67% |
| Debt/Equity | 0.67 |
|---|---|
| Net debt/EBITDA | 0.86 |
| Current ratio | 1.24 |
| Quick ratio | 1.13 |