← CADENCE DESIGN SYSTEMS INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net income | $252.4m | $204.1m | $345.8m | $989.0m | — | $590.6m | $696.0m | $1.0b | $1.1b | $1.1b | |
| Net Income (Loss) Attributable to Parent | $203.1m | $204.1m | $345.8m | $989.0m | $590.6m | $590.6m | $849.0m | $1.0b | $1.1b | $1.1b | |
| Depreciation, Depletion and Amortization | $119.6m | $115.5m | $118.7m | $122.8m | $145.7m | $145.7m | $132.1m | $145.3m | $196.9m | $227.8m | |
| Amortization of Debt Issuance Costs and Discounts | $1.1m | $1.2m | $1.2m | $1.0m | $1.1m | $0 | $1.1m | $1.3m | $3.5m | $0 | |
| Amortization of Intangible Assets | $18.1m | $14.7m | $14.1m | $12.1m | $18.0m | — | $18.5m | $18.2m | $30.4m | $39.9m | |
| Depreciation | $52.7m | $52.9m | $60.4m | $63.3m | $67.6m | $145.7m | $69.1m | $78.4m | $96.9m | $111.4m | |
| Deferred Income Tax Expense (Benefit) | ($4.9m) | $79.9m | ($11.7m) | ($576.7m) | ($26.1m) | — | ($107.6m) | ($36.5m) | ($128.7m) | $66.0m | |
| Share-based Payment Arrangement, Noncash Expense | $109.2m | $130.0m | $167.7m | $181.5m | $197.3m | — | $270.4m | $325.6m | $391.2m | $455.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | $110.0m | — | $111.9m | $136.4m | $237.7m | $169.8m | |
| Gain (Loss) on Disposition of Assets | $923k | $0 | $0 | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | — | — | — | — | $11.5m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $923k | $0 | $0 | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | ($6.9m) | ($4.6m) | — | ($3.6m) | $2.7m | — | — | |
| Income Tax Expense (Benefit) | $34.1m | $110.9m | $30.6m | ($510.0m) | $42.1m | — | $196.4m | $240.8m | $340.3m | $413.2m | |
| Other Nonoperating Income (Expense) | $15.9m | $16.8m | $3.3m | $6.0m | $7.9m | — | ($5.4m) | $66.9m | $121.1m | $146.5m | |
| Changes in operating assets and liabilities: | |||||||||||
| Noncash investing and financing activities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($4.9m) | ($5.0m) | ($752k) | $33.0m | $25.7m | — | $23.1m | $65.9m | $82.8m | $91.0m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | $2.6m | $5.1m | $632k | $1.6m | — | $204k | $3.3m | $2.1m | $829k | |
| Proceeds from Stock Options Exercised | — | $22.3m | $11.7m | $14.6m | $26.5m | — | $16.0m | $30.9m | $88.9m | $27.1m | |
| Purchases of property and equipment, accrued but unpaid | $53.7m | $57.9m | $61.5m | $74.6m | $94.8m | $94.8m | $123.2m | $102.3m | $142.5m | $141.9m | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | — | — | — | — | — | — | $57.6m | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | — | — | $49.7m | $57.8m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | — | — | — | $20.4m | $66.2m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | — | — | $29.3m | ($8.4m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | $6.9m | ($2.9m) | ($5.6m) | ($4.1m) | $4.4m | — | ($459k) | ($5.5m) | ($965k) | ($36.1m) | |
| Gain (Loss) on Investments | $4.7m | $13.9m | $1.3m | ($4.1m) | ($5.0m) | — | ($5.4m) | $34.6m | $49.6m | $69.1m | |
| General and Administrative Expense | $125.1m | $134.2m | $133.4m | $139.8m | $154.4m | — | $242.1m | $242.4m | $282.3m | $313.4m | |
| Goodwill | $572.8m | $666.0m | $662.3m | $661.9m | $782.1m | — | $1.4b | $1.5b | $2.4b | $2.7b | |
| Investment Income, Interest | $2.9m | $3.9m | $8.1m | $9.5m | $3.8m | — | $10.1m | $29.6m | $62.5m | $101.6m | |
| Realized Investment Gains (Losses) | $2.7m | $8.9m | $3.3m | ($4.8m) | ($4.8m) | — | ($4.0m) | — | — | — | |
| Net cash provided by operating activities | $378.2m | $470.7m | $604.8m | $729.6m | — | $904.9m | $1.1b | $1.3b | $1.3b | $1.7b | |
| Net Cash Provided by (Used in) Operating Activities | $444.9m | $470.7m | $604.8m | $729.6m | $904.9m | $904.9m | $1.2b | $1.3b | $1.3b | $1.7b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $53.7m | $57.9m | $61.5m | $74.6m | $94.8m | $94.8m | $123.2m | $102.3m | $142.5m | $141.9m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $41.6m | $143.2m | $0 | $338k | $197.6m | — | $613.8m | $198.4m | $737.6m | $429.5m | |
| Payments to Acquire Investments | — | — | $115.8m | $33.7m | $0 | — | $1.0m | $176.2m | $5.0m | $40.9m | |
| Net Cash Provided by (Used in) Investing Activities | $1.4m | ($191.2m) | ($173.8m) | ($105.7m) | ($292.2m) | ($292.2m) | ($738.6m) | ($412.2m) | ($837.1m) | ($460.5m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $57.8m | $0 | $0 | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | $55.4m | $49.0m | $40.9m | $52.8m | $74.8m | $74.8m | $105.3m | $133.0m | $204.2m | $145.9m | |
| Payments for Repurchase of Common Stock | $960.3m | $100.0m | $250.1m | $306.1m | $380.1m | $380.1m | $1.1b | $700.1m | $550.0m | $925.0m | |
| Net Cash Provided by (Used in) Financing Activities | ($592.7m) | ($70.1m) | ($567.9m) | ($443.9m) | ($415.3m) | ($415.3m) | ($657.0m) | ($803.6m) | $1.2b | ($949.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($22.9m) | $13.5m | ($17.8m) | ($8.1m) | — | $25.7m | ($52.8m) | ($7.5m) | ($26.8m) | $38.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($22.9m) | $13.5m | ($17.8m) | ($8.1m) | $223.2m | $25.7m | ($206.6m) | $125.8m | $1.6b | $357.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $882.3m | $1.0b | $2.6b | $3.0b | |
| Cash, Cash Equivalents, and Short-term Investments | $468.3m | $692.5m | — | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $19.9m | $24.2m | $23.0m | $17.8m | $19.8m | $19.8m | $21.1m | $34.9m | $43.2m | $112.0m | |
| Income Taxes Paid, Net | $36.8m | $59.1m | $68.0m | $41.9m | $105.9m | — | $233.2m | $253.7m | $510.0m | $247.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.