Stock Analysis on Net
Stock Analysis on Net

Cadence Design Systems Inc. (NASDAQ:CDNS)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Cadence Design Systems Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 28, 2019
Revolving credit facility 0.00 1.95 0.00 0.00 0.00
Current portion of long-term debt 6.16 0.00 0.00 0.00 0.00
Trade accounts payable 1.61 0.92 0.00 0.00 0.00
Payroll and payroll-related accruals 5.19 5.74 5.79 5.55 5.96
Customer deposits 0.33 1.06 1.46 0.71 0.00
Other accrued operating liabilities 3.04 3.13 2.26 2.60 3.48
Accounts payable and accrued liabilities 10.17% 10.85% 9.51% 8.86% 9.44%
Current portion of deferred revenue 11.73 13.44 12.63 11.31 10.59
Current liabilities 28.06% 26.23% 22.14% 20.17% 20.03%
Long-term portion of deferred revenue 1.74 1.78 2.31 2.71 2.19
Long-term debt, excluding current portion 5.29 12.62 7.92 8.78 10.31
Long-term operating lease liabilities 2.03 2.71 2.44 2.88 2.53
Other accrued liabilities 2.83 3.22 2.70 2.36 2.32
Other long-term liabilities 4.86% 5.93% 5.14% 5.24% 4.84%
Long-term liabilities 11.89% 20.33% 15.38% 16.73% 17.33%
Total liabilities 39.95% 46.56% 37.52% 36.90% 37.36%
Preferred stock, $0.01 par value; none issued or outstanding 0.00 0.00 0.00 0.00 0.00
Common stock, $0.01 par value 55.86 53.84 56.26 56.14 60.95
Treasury stock, at cost -81.21 -74.44 -62.47 -52.09 -49.69
Retained earnings 87.07 75.83 69.45 59.49 52.47
Accumulated other comprehensive loss -1.67 -1.78 -0.76 -0.44 -1.10
Stockholders’ equity 60.05% 53.44% 62.48% 63.10% 62.64%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 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), 10-K (reporting date: 2019-12-28).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Cadence Design Systems Inc. current liabilities as a percentage of total liabilities and stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Cadence Design Systems Inc. long-term liabilities as a percentage of total liabilities and stockholders’ equity increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Cadence Design Systems Inc. total liabilities as a percentage of total liabilities and stockholders’ equity increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Cadence Design Systems Inc. stockholders’ equity as a percentage of total liabilities and stockholders’ equity decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.