CADENCE DESIGN SYSTEMS INCCDNS

Market cap

$91.6B

P/E ratio

	Jan 1, 2011	Dec 31, 2011	Dec 29, 2012	Dec 28, 2013	Jan 3, 2015	Jan 2, 2016	Dec 31, 2016	Dec 30, 2017	Dec 29, 2018	Dec 28, 2019	Jan 2, 2021	Jan 1, 2022	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Net income	127	72	440	164	159	252	203	204	346	989	591	696	849	1,041	1,055
Depreciation and amortization	-	-	89	98	116	118	120	116	119	123	146	142	132	145	197
Amortization of debt discount and fees	25	29	24	25	21	9	1	1	1	1	1	1	1	1	3
Stock-based compensation	43	44	48	66	84	92	109	130	168	182	197	210	270	326	391
(Gain) loss on investments, net	8	16	6	5	5	2	5	14	1	-4	-5	1	-5	35	50
Deferred income taxes	-64	-8	-240	-2	12	-13	-5	80	-12	-577	-26	-43	-108	-37	-129
Provisions for losses on receivables	-17	-7	0	-0	-	-	-	-	5	1	2	1	0	3	2
ROU asset amortization and change in operating lease liabilities	-	-	-	-	-	-	-	-	-	1	4	-12	3	0	-2
Other non-cash items	-	-3	-3	-4	-7	-1	-4	-5	-1	-0	-1	-0	-0	-2	-1
Receivables	-	-	-46	4	18	45	3	28	87	5	26	-2	138	12	180
Inventories	27	7	-5	15	12	1	-5	-5	-1	33	26	39	23	66	83
Prepaid expenses and other	22	-20	12	-30	3	1	7	26	20	11	31	34	39	-39	82
Other assets	45	2	5	3	42	2	7	22	16	8	72	7	1	46	-12
Accounts payable and accrued liabilities	60	-47	18	42	4	15	3	-26	2	34	18	67	114	5	34
Deferred revenue	63	-13	-70	3	-12	-27	31	34	101	27	110	101	131	-22	66
Other long-term liabilities	-	-	-22	-37	6	-19	-3	13	-2	2	10	16	44	2	24
Net cash provided by operating activities	199	240	316	368	317	378	445	471	605	730	905	1,101	1,242	1,349	1,261
Purchases of investments	-	-	-	-	-	-	-	-	116	34	-	-	1	176	5
Proceeds from the sale and maturity of investments	10	10	0	6	1	5	3	9	3	3	0	0	0	65	48
Purchases of property, plant and equipment	35	31	36	45	40	45	54	58	62	75	95	65	123	102	143
Purchases of intangible assets	-	-	-	-	-	-	-	-	-	-	-	2	1	0	-
Cash paid in business combinations, net of cash acquired	256	-	-	-	-	-	42	143	-	0	198	226	614	198	738
Net cash used for investing activities	-285	-56	-201	-427	-198	-45	1	-191	-174	-106	-292	-293	-739	-412	-837
Proceeds from Lines of Credit	-	-	-	100	100	-	115	135	100	150	350	-	585	50	-
Payments on revolving credit facility	-	-	-	100	100	-	65	100	85	250	350	-	485	150	-
Proceeds from the issuance of debt	-	-	-	-	349	-	300	-	-	-	-	-	300	-	3,197
Payments of debt	-	-	-	-	-	-	-	-	300	-	-	-	-	-	1,350
Payments of debt issuance costs	11	-	1	-	7	-	1	1	-	-	-	1	0	-	24
Proceeds from issuance of common stock	14	20	33	43	66	75	55	49	41	53	75	88	105	133	204
Stock received for payment of employee taxes on vesting of restricted stock	-	-	-	-	-	-	-	-	-	-	110	118	112	136	238
Payments for repurchases of common stock	40	-	-	-	100	333	960	100	250	306	380	612	1,050	700	550
Net cash provided by (used for) financing activities	60	-145	16	-116	289	-626	-593	-70	-568	-444	-415	-644	-657	-804	1,239
Effect of exchange rate changes on cash and cash equivalents	-	-	-	-	-	-	-	-	-	-	-	-	-53	-8	-27
Increase (decrease) in cash and cash equivalents	-	-	-	-	-	-	-	-	-	-	223	161	-207	126	1,636
Cash paid for interest	-	-	-	-	-	-	-	-	-	18	20	16	21	35	43
Income Taxes Paid, Net	-	-	-	-3	26	29	37	59	68	42	106	146	233	254	510