Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Cadence Design Systems Inc., adjusted current assets

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 28, 2019
As Reported
Current assets	1,976,217)	1,706,767)	1,715,769)	1,478,587)	1,169,343)
Adjustments
Add: Allowance for doubtful accounts	4,553)	2,290)	3,692)	2,867)	869)
After Adjustment
Adjusted current assets	1,980,770)	1,709,057)	1,719,461)	1,481,454)	1,170,212)

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).

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Cadence Design Systems Inc., adjusted total assets

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 28, 2019
As Reported
Total assets	5,669,491)	5,137,071)	4,386,299)	3,950,785)	3,357,225)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Allowance for doubtful accounts	4,553)	2,290)	3,692)	2,867)	869)
Less: Deferred tax assets²	880,001)	853,691)	763,770)	732,290)	732,367)
After Adjustment
Adjusted total assets	4,794,043)	4,285,670)	3,626,221)	3,221,362)	2,625,727)

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).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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Cadence Design Systems Inc., adjusted current liabilities

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 28, 2019
As Reported
Current liabilities	1,590,867)	1,347,696)	971,225)	796,808)	672,391)
Adjustments
Less: Current portion of deferred revenue	665,024)	690,538)	553,942)	446,857)	355,483)
After Adjustment
Adjusted current liabilities	925,843)	657,158)	417,283)	349,951)	316,908)

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).

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Cadence Design Systems Inc., adjusted total liabilities

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 28, 2019
As Reported
Total liabilities	2,265,220)	2,391,958)	1,645,624)	1,457,767)	1,254,331)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax liabilities²	8,817)	14,759)	9,132)	4,934)	1,188)
Less: Deferred revenue	763,955)	782,062)	655,090)	553,921)	428,883)
Less: Restructuring plans balance	2,603)	—)	43)	8,693)	9,638)
After Adjustment
Adjusted total liabilities	1,489,845)	1,595,137)	981,359)	890,219)	814,622)

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).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Cadence Design Systems Inc., adjusted stockholders’ equity

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 28, 2019
As Reported
Stockholders’ equity	3,404,271)	2,745,113)	2,740,675)	2,493,018)	2,102,894)
Adjustments
Less: Net deferred tax assets (liabilities)¹	871,184)	838,932)	754,638)	727,356)	731,179)
Add: Allowance for doubtful accounts	4,553)	2,290)	3,692)	2,867)	869)
Add: Deferred revenue	763,955)	782,062)	655,090)	553,921)	428,883)
Add: Restructuring plans balance	2,603)	—)	43)	8,693)	9,638)
After Adjustment
Adjusted stockholders’ equity	3,304,198)	2,690,533)	2,644,862)	2,331,143)	1,811,105)

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).

¹ Net deferred tax assets (liabilities). See details »

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Cadence Design Systems Inc., adjusted capitalization table

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 28, 2019
As Reported
Revolving credit facility	—)	100,000)	—)	—)	—)
Current portion of long-term debt	349,285)	—)	—)	—)	—)
Long-term debt, excluding current portion	299,771)	648,078)	347,588)	346,793)	346,019)
Total reported debt	649,056)	748,078)	347,588)	346,793)	346,019)
Stockholders’ equity	3,404,271)	2,745,113)	2,740,675)	2,493,018)	2,102,894)
Total reported capital	4,053,327)	3,493,191)	3,088,263)	2,839,811)	2,448,913)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Current operating lease liabilities (recorded in Accounts payable and accrued liabilities)²	41,619)	36,737)	25,271)	33,920)	25,558)
Add: Long-term operating lease liabilities³	115,358)	139,337)	107,121)	113,916)	84,782)
Adjusted total debt	806,033)	924,152)	479,980)	494,629)	456,359)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	871,184)	838,932)	754,638)	727,356)	731,179)
Add: Allowance for doubtful accounts	4,553)	2,290)	3,692)	2,867)	869)
Add: Deferred revenue	763,955)	782,062)	655,090)	553,921)	428,883)
Add: Restructuring plans balance	2,603)	—)	43)	8,693)	9,638)
Adjusted stockholders’ equity	3,304,198)	2,690,533)	2,644,862)	2,331,143)	1,811,105)
After Adjustment
Adjusted total capital	4,110,231)	3,614,685)	3,124,842)	2,825,772)	2,267,464)

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).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities (recorded in Accounts payable and accrued liabilities). See details »

³ Long-term operating lease liabilities. See details »

⁴ Net deferred tax assets (liabilities). See details »

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Cadence Design Systems Inc., adjusted revenue

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 28, 2019
As Reported
Revenue	4,089,986)	3,561,718)	2,988,244)	2,682,891)	2,336,319)
Adjustment
Add: Increase (decrease) in deferred revenue	(18,107)	126,972)	101,169)	125,038)	27,709)
After Adjustment
Adjusted revenue	4,071,879)	3,688,690)	3,089,413)	2,807,929)	2,364,028)

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).

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Cadence Design Systems Inc., adjusted net income

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 28, 2019
As Reported
Net income	1,041,144)	848,952)	695,955)	590,644)	988,979)
Adjustments
Add: Deferred income tax expense (benefit)¹	(36,512)	(107,606)	(43,178)	(26,117)	(576,738)
Add: Increase (decrease) in allowance for doubtful accounts	2,263)	(1,402)	825)	1,998)	(3,067)
Add: Increase (decrease) in deferred revenue	(18,107)	126,972)	101,169)	125,038)	27,709)
Add: Increase (decrease) in restructuring plans balance	2,603)	(43)	(8,650)	(945)	(2,386)
Add: Other comprehensive income (loss), net of tax effects	(3,117)	(58,326)	(15,886)	19,501)	(12,146)
After Adjustment
Adjusted net income	988,274)	808,547)	730,235)	710,119)	422,351)

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).

¹ Deferred income tax expense (benefit). See details »

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Cadence Design Systems Inc. (NASDAQ:CDNS)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income