Common-Size Income Statement
Quarterly Data

Cadence Design Systems Inc., common-size consolidated income statement (quarterly data)

3 months ended:	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Oct 1, 2022	Jul 2, 2022	Apr 2, 2022	Dec 31, 2021	Oct 2, 2021	Jul 3, 2021	Apr 3, 2021	Dec 31, 2020	Sep 26, 2020	Jun 27, 2020	Mar 28, 2020	Dec 28, 2019	Sep 28, 2019	Jun 29, 2019	Mar 30, 2019
Product and maintenance	90.53%	90.55%	90.51%	91.89%	94.40%	94.49%	94.33%	94.00%	93.71%	93.56%	93.84%	93.12%	94.04%	94.45%	94.98%	95.17%	94.56%	94.19%	94.13%	94.23%	94.57%	94.42%	94.24%
Services	9.47%	9.45%	9.49%	8.11%	5.60%	5.51%	5.67%	6.00%	6.29%	6.44%	6.16%	6.88%	5.96%	5.55%	5.02%	4.83%	5.44%	5.81%	5.87%	5.77%	5.43%	5.58%	5.76%
Revenue	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Cost of product and maintenance	-9.02%	-8.90%	-7.47%	-6.69%	-8.39%	-7.60%	-9.81%	-7.75%	-6.91%	-8.01%	-8.07%	-6.17%	-7.22%	-7.67%	-8.82%	-7.25%	-9.72%	-8.72%	-8.97%	-8.93%	-7.20%	-7.48%	-8.76%
Cost of services	-4.40%	-4.23%	-4.94%	-3.05%	-2.32%	-2.32%	-2.37%	-2.65%	-2.80%	-2.79%	-2.78%	-2.84%	-2.98%	-2.87%	-2.59%	-2.42%	-2.62%	-3.06%	-3.08%	-3.30%	-3.32%	-3.12%	-3.48%
Cost of revenue	-13.41%	-13.13%	-12.41%	-9.74%	-10.71%	-9.92%	-12.18%	-10.39%	-9.71%	-10.81%	-10.85%	-9.02%	-10.20%	-10.54%	-11.41%	-9.68%	-12.34%	-11.78%	-12.05%	-12.23%	-10.52%	-10.59%	-12.24%
Gross margin	86.59%	86.87%	87.59%	90.26%	89.29%	90.08%	87.82%	89.61%	90.29%	89.19%	89.15%	90.98%	89.80%	89.46%	88.59%	90.32%	87.66%	88.22%	87.95%	87.77%	89.48%	89.41%	87.76%
Marketing and sales	-15.61%	-17.60%	-17.90%	-16.88%	-17.22%	-17.11%	-16.31%	-19.09%	-16.94%	-16.24%	-15.55%	-19.15%	-19.10%	-18.67%	-18.05%	-19.28%	-18.56%	-18.87%	-20.35%	-21.23%	-20.94%	-20.02%	-20.26%
Research and development	-33.51%	-34.95%	-37.55%	-34.38%	-36.13%	-36.29%	-34.29%	-38.94%	-35.86%	-33.42%	-32.26%	-37.38%	-38.50%	-39.16%	-36.82%	-38.20%	-37.64%	-39.29%	-39.11%	-39.26%	-41.50%	-39.94%	-39.57%
General and administrative	-5.89%	-5.98%	-6.81%	-7.09%	-5.72%	-5.59%	-5.24%	-7.56%	-8.16%	-6.00%	-5.43%	-8.50%	-5.73%	-5.54%	-5.43%	-6.48%	-5.39%	-5.58%	-5.44%	-7.02%	-5.73%	-5.93%	-5.22%
Amortization of acquired intangibles	-0.75%	-0.63%	-0.54%	-0.47%	-0.45%	-0.44%	-0.42%	-0.55%	-0.44%	-0.54%	-0.55%	-0.64%	-0.67%	-0.69%	-0.63%	-0.63%	-0.67%	-0.72%	-0.68%	-0.46%	-0.50%	-0.54%	-0.57%
Restructuring	-2.02%	0.00%	-0.03%	0.05%	-1.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.03%	0.06%	0.04%	-1.39%	0.00%	0.04%	0.17%	-1.64%	0.03%	0.05%	0.12%
Income from operations	28.80%	27.71%	24.77%	31.49%	28.63%	30.65%	31.56%	23.46%	28.89%	32.99%	35.37%	25.31%	25.84%	25.46%	27.71%	24.34%	25.39%	23.80%	22.55%	18.16%	20.85%	23.03%	22.26%
Interest expense	-2.02%	-1.22%	-0.86%	-0.84%	-0.89%	-0.91%	-0.91%	-1.01%	-0.61%	-0.50%	-0.46%	-0.55%	-0.56%	-0.59%	-0.57%	-0.64%	-0.80%	-0.93%	-0.75%	-0.70%	-0.73%	-0.86%	-0.93%
Other income (expense), net	0.65%	3.28%	6.82%	3.23%	1.57%	0.82%	0.81%	0.94%	-0.33%	-0.70%	-0.54%	0.34%	-0.15%	0.29%	0.37%	0.80%	0.26%	0.73%	-0.73%	0.12%	0.02%	-0.02%	0.91%
Income before (provision) benefit for income taxes	27.43%	29.76%	30.72%	33.88%	29.32%	30.56%	31.47%	23.39%	27.95%	31.79%	34.37%	25.10%	25.13%	25.16%	27.50%	24.50%	24.86%	23.60%	21.07%	17.58%	20.14%	22.15%	22.24%
(Provision) benefit for income taxes	-7.84%	-8.13%	-6.18%	-3.57%	-4.46%	-7.92%	-7.80%	3.32%	-7.31%	-10.00%	-8.27%	-2.26%	-1.65%	-3.76%	-2.07%	-1.64%	-0.61%	-3.04%	-1.00%	92.44%	-2.62%	-3.68%	-1.33%
Net income	19.59%	21.64%	24.54%	30.31%	24.86%	22.64%	23.67%	26.71%	20.64%	21.80%	26.10%	22.84%	23.48%	21.41%	25.43%	22.86%	24.25%	20.56%	20.06%	110.03%	17.51%	18.48%	20.90%

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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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Income before (provision) benefit 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) benefit for income taxes as a percentage of revenue decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Cadence Design Systems Inc. (NASDAQ:CDNS)

Common-Size Income Statement Quarterly Data

Common-Size Income Statement
Quarterly Data