Stock Analysis on Net
Stock Analysis on Net

Cadence Design Systems Inc. (NASDAQ:CDNS)

Common-Size Income Statement
Quarterly Data

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

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3 months ended: Dec 31, 2024 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
Product and maintenance 91.39 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
Services 8.61 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
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%
Cost of product and maintenance -11.60 -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
Cost of services -4.63 -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
Cost of revenue -16.22% -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%
Gross margin 83.78% 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%
Marketing and sales -14.78 -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
Research and development -28.91 -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
General and administrative -5.79 -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
Amortization of acquired intangibles -0.68 -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
Restructuring 0.08 -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
Income from operations 33.69% 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%
Interest expense -2.21 -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
Other income (expense), net 0.71 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
Income before provision for income taxes 32.20% 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%
Provision for income taxes -7.11 -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
Net income 25.09% 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%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).

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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 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 decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 exceeding Q2 2024 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 decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 exceeding Q2 2024 level.