Stock Analysis on Net
Stock Analysis on Net

Cadence Design Systems Inc. (NASDAQ:CDNS)

Common-Size Income Statement

Cadence Design Systems Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Product and maintenance 90.78 93.75 93.78 94.13 94.55
Services 9.22 6.25 6.22 5.87 5.45
Revenue 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of product and maintenance -9.41 -8.11 -7.68 -7.45 -8.61
Cost of services -4.54 -2.53 -2.75 -2.82 -2.78
Cost of revenue -13.95% -10.64% -10.43% -10.27% -11.39%
Gross margin 86.05% 89.36% 89.57% 89.73% 88.61%
Marketing and sales -16.32 -16.88 -16.96 -18.75 -19.25
Research and development -33.38 -35.25 -35.14 -37.96 -38.53
General and administrative -6.08 -5.93 -6.80 -6.33 -5.76
Amortization of acquired intangibles -0.65 -0.44 -0.52 -0.66 -0.67
Restructuring -0.51 -0.27 0.00 0.04 -0.34
Income from operations 29.10% 30.59% 30.15% 26.07% 24.06%
Interest expense -1.64 -0.88 -0.64 -0.57 -0.77
Interest income 1.35 0.72 0.28 0.09 0.14
Gains (losses) on investments 1.07 0.85 -0.15 0.02 -0.18
Gains (losses) on securities in NQDC trust 0.24 0.27 -0.25 0.21 0.18
Gains (losses) on foreign exchange -0.02 -0.13 -0.01 -0.09 0.17
Other expense, net -0.03 -0.07 -0.02 -0.01 -0.01
Other income (expense), net 2.61% 1.64% -0.15% 0.21% 0.30%
Income before provision for income taxes 30.07% 31.34% 29.35% 25.72% 23.58%
Provision for income taxes -7.33 -5.89 -5.51 -2.43 -1.57
Net income 22.74% 25.46% 23.84% 23.29% 22.02%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Income statement item Description The company
Income from operations The net result for the period of deducting operating expenses from operating revenues. Cadence Design Systems Inc. income from operations as a percentage of revenue increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Income before provision for income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Cadence Design Systems Inc. income before provision for income taxes as a percentage of revenue increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Cadence Design Systems Inc. net income as a percentage of revenue increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.