Cadence Design Systems, Inc. (CDNS)

Cadence Design Systems Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021
Revenue	4,875	4,641	4,090	3,562	2,988	2,683
Revenue Growth (YoY)	19.55%	13.48%	14.83%	19.19%	11.38%	14.83%
Cost of Revenue	689.44	647.5	435.04	371.62	307.01	305.5
Gross Profit	4,185	3,994	3,655	3,190	2,681	2,377
Selling, General & Admin	1,042	1,025	920.65	836.24	746.68	668.49
Research & Development	1,609	1,549	1,442	1,252	1,134	1,034
Operating Expenses	2,685	2,605	2,381	2,106	1,901	1,720
Operating Income	1,500	1,389	1,274	1,084	780.64	657.17
Interest Expense	-96.43	-76	-36.19	-22.93	-16.98	-20.75
Interest & Investment Income	79.19	62.48	29.64	10.1	2.63	3.82
Currency Exchange Gain (Loss)	0.18	-0.97	-5.49	-0.46	-2.79	4.43
Other Non Operating Income (Expenses)	-1.2	-1.2	-2.71	-0.86	5.9	4.65
EBT Excluding Unusual Items	1,482	1,373	1,260	1,070	769.41	649.32
Merger & Restructuring Charges	-37.98	-38.37	-23.11	-10.16	-1.55	-11.62
Gain (Loss) on Sale of Investments	-14.11	60.74	45.45	-14.17	0.58	-4.95
Gain (Loss) on Sale of Assets	11.5	-	-	-	-	-
Pretax Income	1,441	1,396	1,282	1,045	768.44	632.75
Income Tax Expense	360.05	340.34	240.78	196.41	72.48	42.1
Net Income	1,081	1,055	1,041	848.95	695.96	590.64
Net Income to Common	1,081	1,055	1,041	848.95	695.96	590.64
Net Income Growth	3.29%	1.38%	22.64%	21.98%	17.83%	-40.28%
Shares Outstanding (Basic)	272	271	269	271	274	274
Shares Outstanding (Diluted)	274	274	273	275	279	280
Shares Change (YoY)	0.37%	0.40%	-0.82%	-1.38%	-0.28%	-0.31%
EPS (Basic)	3.98	3.89	3.86	3.13	2.54	2.16
EPS (Diluted)	3.94	3.85	3.82	3.09	2.50	2.11
EPS Growth	2.60%	0.78%	23.63%	23.60%	18.48%	-40.23%
Free Cash Flow	1,378	1,118	1,247	1,119	1,036	810.11
Free Cash Flow Per Share	5.03	4.08	4.57	4.07	3.71	2.90
Gross Margin	85.86%	86.05%	89.36%	89.57%	89.73%	88.61%
Operating Margin	30.78%	29.93%	31.16%	30.43%	26.12%	24.50%
Profit Margin	22.18%	22.74%	25.46%	23.84%	23.29%	22.02%
Free Cash Flow Margin	28.28%	24.09%	30.48%	31.41%	34.66%	30.20%
EBITDA	1,711	1,586	1,420	1,216	922.95	802.82
EBITDA Margin	35.09%	34.17%	34.71%	34.14%	30.89%	29.92%
D&A For EBITDA	210.3	196.94	145.29	132.09	142.31	145.65
EBIT	1,500	1,389	1,274	1,084	780.64	657.17
EBIT Margin	30.78%	29.93%	31.16%	30.43%	26.12%	24.50%
Effective Tax Rate	24.98%	24.38%	18.78%	18.79%	9.43%	6.65%
Revenue as Reported	4,875	4,641	4,090	3,562	2,988	2,683

Updated Feb 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q