$11.1 B

CDNS Mkt cap, 15-Oct-2018

$1 B

Cadence Design Systems Revenue Q2, 2018
Cadence Design Systems Gross profit (Q2, 2018)995.4 M
Cadence Design Systems Gross profit margin (Q2, 2018), %96.1%
Cadence Design Systems Net income (Q2, 2018)148 M
Cadence Design Systems EBIT (Q2, 2018)178.9 M
Cadence Design Systems Cash, 30-Jun-2018819.5 M
Cadence Design Systems EV11 B

Cadence Design Systems Revenue Breakdown

Embed Graph

Cadence Design Systems revenue breakdown by geographic segment: 8.6% from Japan, 19.9% from Europe, Middle East and Africa, 27.1% from Asia and 44.5% from Americas

Cadence Design Systems Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.5b1.6b1.7b1.8b1.9b

Revenue growth, %

8%8%7%7%

Cost of goods sold

237.4m

Gross profit

1.7b

Gross profit Margin, %

88%

Sales and marketing expense

419.2m

R&D expense

735.3m804.2m

General and administrative expense

125.1m131.2m

Operating expense total

860.4m1.4b

Depreciation and amortization

14.7m

EBIT

189.0m206.6m285.4m244.9m324.0m

EBIT margin, %

13%13%17%13%17%

Interest expense

37.6m34.1m28.3m23.7m25.7m

Pre tax profit

159.0m181.0m267.6m237.2m315.0m

Income tax expense

(5.2m)22.1m15.2m34.1m110.9m

Net Income

164.2m158.9m252.4m203.1m204.1m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

517.3m1.0b

Cost of goods sold

21.5m40.3m

Gross profit

495.8m995.4m

Gross profit Margin, %

96%96%

R&D expense

224.2m443.3m

General and administrative expense

33.3m68.2m

Operating expense total

431.5m856.8m

EBIT

85.8m178.9m

EBIT margin, %

17%17%

Interest expense

7.0m13.6m

Pre tax profit

78.2m168.2m

Income tax expense

5.3m20.2m

Net Income

38.5m33.1m23.3m37.5m77.6m36.3m58.2m64.7m50.6m49.3m68.3m69.1m81.2m72.9m148.0m

Cadence Design Systems Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

536.3m932.2m616.7m465.2m688.1m

Accounts Receivable

48.0k190.4m

Inventories

50.2m56.4m56.8m39.5m33.2m

Current Assets

1.2b1.9b964.8m702.0m980.0m

PP&E

238.7m230.1m228.6m238.6m251.3m

Goodwill

456.9m553.8m551.8m572.8m666.0m

Total Assets

2.4b3.2b2.4b2.1b2.4b

Accounts Payable

239.5m221.1m

Short-term debt

85.0m

Current Liabilities

1.1b1.4b536.3m585.6m642.4m

Long-term debt

348.7m348.8m643.5m705.9m

Non-Current Liabilities

124.3m482.9m438.6m769.6m787.1m

Total Debt

348.7m348.8m643.5m790.9m

Total Liabilities

1.3b1.9b974.9m1.4b

Common Stock

1.8b

Retained Earnings

(485.3m)(326.4m)(74.0m)136.9m341.0m

Total Equity

1.2b1.3b1.4b741.8m989.2m

Debt to Equity Ratio

0.9 x

Debt to Assets Ratio

0.3 x

Financial Leverage

2.1 x2.4 x1.7 x2.8 x2.4 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

620.4m532.8m557.4m500.5m616.1m887.7m647.9m524.3m810.4m669.6m544.1m656.0m678.3m747.0m819.5m

Inventories

45.9m55.6m58.3m61.1m57.7m54.5m62.2m64.5m56.6m61.9m30.7m31.9m36.0m30.1m28.6m

Current Assets

1.3b1.3b1.4b1.4b1.0b1.7b1.1b792.3m1.2b962.2m800.0m883.5m931.1m1.1b1.1b

Goodwill

456.3m479.0m560.0m557.3m552.4m553.9m553.8m573.9m551.9m573.7m574.5m575.0m574.9m665.6m663.3m

Total Assets

2.6b2.5b2.8b2.7b2.3b3.1b2.4b2.2b2.5b2.4b2.2b2.3b2.3b2.5b2.5b

Accounts Payable

193.4m189.2m217.0m205.6m194.4m178.5m202.8m192.9m195.2m224.7m194.0m222.2m199.7m210.8m243.2m

Short-term debt

299.8m299.9m

Current Liabilities

1.3b1.2b1.4b1.3b509.6m1.2b527.4m531.3m567.9m564.5m575.8m544.7m520.1m866.2m870.1m

Long-term debt

348.8m348.7m348.7m643.3m642.9m643.1m643.7m643.9m644.1m344.8m344.9m

Non-Current Liabilities

163.5m117.3m117.3m125.2m436.9m472.9m456.1m736.0m737.1m738.0m774.8m771.2m774.4m478.1m469.8m

Total Debt

348.8m348.7m348.7m643.3m642.9m643.1m643.7m643.9m644.1m644.6m644.8m

Retained Earnings

(523.0m)(452.2m)(429.0m)(391.4m)(154.4m)(290.1m)(232.0m)98.4m(15.6m)33.7m205.2m274.3m355.4m499.8m575.0m

Total Equity

1.4b1.4b926.8m1.2b1.1b840.6m951.8m1.0b1.1b1.2b

Debt to Equity Ratio

0.3 x0.2 x0.7 x0.5 x0.6 x0.8 x0.7 x0.6 x0.6 x0.5 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x

Financial Leverage

1.7 x1.7 x2.4 x2.1 x2.2 x2.6 x2.4 x2.3 x2.2 x2.1 x

Cadence Design Systems Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

164.2m158.9m252.4m203.1m204.1m

Depreciation and Amortization

98.3m115.6m118.2m119.6m115.5m

Accounts Receivable

(28.4m)

Inventories

(15.0m)(12.0m)(1.1m)4.9m5.0m

Accounts Payable

Cash From Operating Activities

367.6m316.7m378.2m444.9m470.7m

Purchases of PP&E

(44.9m)(39.8m)(44.8m)(53.7m)(57.9m)

Cash From Investing Activities

(426.9m)(198.0m)(44.5m)1.4m(191.2m)

Short-term Borrowings

(100.0m)

Cash From Financing Activities

(116.3m)289.0m(626.3m)(592.7m)(70.1m)

Net Change in Cash

222.9m

Interest Paid

12.4m10.0m19.9m21.0m24.2m

Income Taxes Paid

36.8m59.1m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

38.5m33.1m23.3m37.5m77.6m36.3m58.2m64.7m50.6m49.3m68.3m72.9mwdxefcqufszuzezftuxetqsqxt148.0m

Depreciation and Amortization

29.4m59.3m

Accounts Receivable

(11.0m)(2.6m)

Inventories

58.3m61.1m57.7m54.5m62.2m64.5m56.6m61.9m30.7m2.1m1.9m

Accounts Payable

(47.0m)(11.8m)

Cash From Operating Activities

157.6m362.9m

Purchases of PP&E

(13.1m)(31.1m)

Cash From Investing Activities

(13.1m)(31.1m)

Cash From Financing Activities

(97.1m)(193.4m)

Interest Paid

2.7m13.2m

Cadence Design Systems Ratios

USDY, 2018

EV/EBIT

61.3 x

EV/CFO

30.2 x

Debt/Equity

0.5 x

Debt/Assets

0.3 x

Financial Leverage

2.1 x
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Cadence Design Systems Operating Metrics

FY, 2015FY, 2016

Bookings

$1.90 m$2.30 m
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