Cadence Design Systems Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Net Income	1,109	1,055	1,041	848.95	695.96
Depreciation & Amortization	233.84	196.94	145.74	135.43	142.31
Other Amortization	-	-	-	1.13	1.22
Loss (Gain) From Sale of Investments	-69.09	-49.59	-34.6	5.43	-0.58
Stock-Based Compensation	455.18	391.22	325.61	270.44	210.09
Provision & Write-off of Bad Debts	-	-	-	0.2	0.53
Other Operating Activities	73.21	-124.52	-29.94	-107.24	-54.36
Change in Accounts Receivable	-274.89	-180.29	-11.75	-138.47	2.01
Change in Inventory	-91.03	-82.77	-65.9	-23.07	-39.03
Change in Accounts Payable	184.9	33.68	5.42	113.95	67.36
Change in Unearned Revenue	69.41	66.48	-21.58	131.46	100.73
Change in Other Net Operating Assets	38.36	-46.07	-4.97	3.68	-25.28
Operating Cash Flow	1,729	1,261	1,349	1,242	1,101
Operating Cash Flow Growth	37.15%	-6.57%	8.64%	12.80%	21.66%
Capital Expenditures	-141.87	-142.54	-102.34	-123.22	-65.3
Cash Acquisitions	-429.54	-737.57	-198.35	-613.79	-226.2
Sale (Purchase) of Intangibles	11.5	-	-0.17	-1	-1.58
Investment in Securities	99.39	43	-111.4	-0.63	0.13
Investing Cash Flow	-460.52	-837.12	-412.25	-738.63	-292.95
Short-Term Debt Issued	-	-	50	585	-
Long-Term Debt Issued	-	3,197	-	300	-
Total Debt Issued	-	3,197	50	885	-
Short-Term Debt Repaid	-	-	-150	-485	-
Long-Term Debt Repaid	-	-1,350	-	-	-
Total Debt Repaid	-	-1,350	-150	-485	-
Net Debt Issued (Repaid)	-	1,847	-100	400	-
Issuance of Common Stock	145.9	204.24	132.96	105.33	87.77
Repurchase of Common Stock	-1,095	-787.76	-836.53	-1,162	-730.28
Other Financing Activities	-	-23.83	-	-0.43	-1.29
Financing Cash Flow	-948.98	1,239	-803.57	-657.05	-643.79
Foreign Exchange Rate Adjustments	38	-26.8	-7.53	-52.83	-3.7
Net Cash Flow	357.29	1,636	125.83	-206.62	160.51
Free Cash Flow	1,587	1,118	1,247	1,119	1,036
Free Cash Flow Growth	41.94%	-10.33%	11.46%	8.02%	27.84%
Free Cash Flow Margin	29.96%	24.09%	30.48%	31.41%	34.66%
Free Cash Flow Per Share	5.81	4.08	4.57	4.07	3.71
Cash Interest Paid	111.95	43.22	34.93	21.12	15.95
Cash Income Tax Paid	-	510	253.7	233.24	146.42
Levered Free Cash Flow	1,510	1,006	1,114	1,012	871.92
Unlevered Free Cash Flow	1,583	1,054	1,137	1,025	881.31
Change in Working Capital	-73.25	-208.98	-98.78	87.55	105.8

Source: S&P Global Market Intelligence. Standard template. Financial Sources.