Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Cadence Design Systems Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	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
Cash and cash equivalents	2,753,246)	2,822,762)	2,777,674)	2,644,030)	2,786,040)	1,058,955)	1,012,418)	1,008,152)	961,982)	873,925)	916,963)	882,325)	1,026,051)	1,029,544)	1,134,752)	1,088,940)	1,013,819)	847,160)	742,981)	928,432)	1,306,564)	1,189,186)	946,285)
Receivables, net	755,265)	670,166)	580,887)	680,460)	560,973)	564,851)	389,865)	489,224)	426,505)	440,915)	488,237)	486,710)	391,181)	391,738)	361,789)	337,596)	327,191)	389,986)	388,666)	338,487)	300,413)	312,758)	284,093)
Inventories	286,193)	226,162)	225,621)	257,711)	293,350)	171,508)	185,784)	181,661)	163,693)	139,576)	127,566)	128,005)	114,283)	106,372)	110,213)	115,721)	101,575)	90,479)	76,592)	75,956)	47,979)	43,924)	60,575)
Prepaid expenses and other	492,336)	503,453)	413,905)	433,878)	459,560)	401,074)	341,865)	297,180)	272,283)	188,634)	165,778)	209,727)	138,968)	129,966)	128,143)	173,512)	100,428)	129,442)	141,490)	135,712)	81,526)	93,915)	108,554)
Current assets	4,287,040)	4,222,543)	3,998,087)	4,016,079)	4,099,923)	2,196,388)	1,929,932)	1,976,217)	1,824,463)	1,643,050)	1,698,544)	1,706,767)	1,670,483)	1,657,620)	1,734,897)	1,715,769)	1,543,013)	1,457,067)	1,349,729)	1,478,587)	1,736,482)	1,639,783)	1,399,507)
Property, plant and equipment, net	494,701)	482,131)	466,322)	458,200)	448,652)	449,422)	433,016)	403,213)	379,776)	370,193)	372,956)	371,451)	348,238)	316,741)	310,690)	305,911)	303,313)	301,979)	305,089)	311,125)	288,163)	282,738)	281,207)
Goodwill	2,644,910)	2,599,798)	2,419,717)	2,378,671)	2,493,467)	2,417,747)	1,575,107)	1,535,845)	1,500,442)	1,428,772)	1,377,625)	1,374,268)	1,348,494)	924,460)	923,719)	928,358)	925,949)	929,525)	912,603)	782,087)	780,842)	778,857)	778,992)
Acquired intangibles, net	672,508)	618,952)	584,228)	594,734)	662,343)	664,038)	334,644)	336,843)	347,617)	340,742)	341,738)	354,617)	353,912)	215,781)	219,110)	233,265)	247,628)	264,789)	264,671)	210,590)	227,753)	242,543)	258,617)
Deferred taxes	892,568)	980,223)	986,191)	982,057)	889,939)	892,963)	886,576)	880,001)	874,805)	872,151)	864,750)	853,691)	783,315)	802,886)	787,111)	763,770)	766,036)	729,790)	729,296)	732,290)	722,656)	704,882)	699,194)
Other assets	607,544)	605,051)	558,941)	544,741)	572,707)	605,183)	562,855)	537,372)	504,272)	500,216)	516,006)	476,277)	463,645)	443,786)	419,540)	439,226)	427,936)	439,398)	437,571)	436,106)	384,256)	350,694)	350,456)
Long-term assets	5,312,231)	5,286,155)	5,015,399)	4,958,403)	5,067,108)	5,029,353)	3,792,198)	3,693,274)	3,606,912)	3,512,074)	3,473,075)	3,430,304)	3,297,604)	2,703,654)	2,660,170)	2,670,530)	2,670,862)	2,665,481)	2,649,230)	2,472,198)	2,403,670)	2,359,714)	2,368,466)
Total assets	9,599,271)	9,508,698)	9,013,486)	8,974,482)	9,167,031)	7,225,741)	5,722,130)	5,669,491)	5,431,375)	5,155,124)	5,171,619)	5,137,071)	4,968,087)	4,361,274)	4,395,067)	4,386,299)	4,213,875)	4,122,548)	3,998,959)	3,950,785)	4,140,152)	3,999,497)	3,767,973)

The analysis of the quarterly financial data reveals several key trends and observations regarding the company's asset structure and changes over the reported periods.

Cash and Cash Equivalents: Cash reserves exhibited moderate fluctuations over the periods, peaking significantly in late 2024 with over US$2.7 billion, which represents a sharp increase compared to earlier quarters. This surge indicates improved liquidity or potential proceeds from financing activities. Prior to this peak, cash levels mostly ranged around US$0.9 billion to US$1.1 billion, suggesting stable but less abundant liquidity.
Receivables, Net: Accounts receivable balances showed generally increasing trends, with notable growth from under US$0.3 billion in early 2020 to over US$0.75 billion in late 2025. This could reflect expanded sales activities or extended credit terms, requiring monitoring for collection efficiency.
Inventories: Inventory levels have increased significantly from approximately US$60 million to peaks exceeding US$290 million. The rise is particularly pronounced in 2024, possibly indicating buildup for anticipated demand or supply chain adjustments.
Prepaid Expenses and Other Current Assets: Prepaid expenses and similar assets consistently increased, nearly tripling from about US$108 million in early 2020 to over US$490 million by mid-2025. This upward trend suggests growing advance payments or accrued assets possibly linked to operational expansion or strategic investments.
Current Assets: Total current assets showed a stable upward trajectory with substantial growth after 2023, reaching over US$4.2 billion by mid-2025. This reflects the combined impact of increasing cash, receivables, inventories, and other current assets, indicating enhanced short-term asset capacity.
Property, Plant and Equipment (PP&E), Net: The net value of PP&E steadily rose from approximately US$280 million to nearly US$495 million by late 2025. This growth points to continuous investments in fixed assets, suggesting capacity expansion or modernization efforts.
Goodwill: Goodwill increased markedly over the periods, with a substantial jump in 2022 surpassing US$1.3 billion and continuing to rise to around US$2.6 billion by mid-2025. This indicates significant acquisitions or business combinations that the company has engaged in, reflecting strategic growth through mergers.
Acquired Intangibles, Net: Acquired intangible assets also showed notable increases, especially from 2022 onward, with values rising to over US$670 million. This pattern corroborates the acquisition activity inferred from goodwill trends, involving the recognition of intangible assets such as intellectual property or customer relationships.
Deferred Taxes: Deferred tax liabilities remained relatively stable, hovering near US$0.7 to US$0.9 billion, with a slight peak in early 2025. The relative stability suggests consistent tax positioning and timing differences over the quarters.
Other Assets and Long-Term Assets: Other assets and total long-term assets both displayed gradual upward trends, with other assets increasing from US$350 million to over US$600 million, and long-term assets nearing US$5.3 billion by mid-2025. These consistent increases suggest sustained investment in non-current asset categories.
Total Assets: Total assets grew steadily from under US$3.8 billion to nearly US$9.6 billion by mid-2025, more than doubling over the period. This growth is driven primarily by increases in goodwill, intangibles, cash, and other current and long-term assets, reflecting overall business expansion and acquisition activity.

In summary, the company demonstrates significant growth in both current and non-current assets driven by organic growth and acquisition-driven expansions. The material increases in goodwill and intangible assets affirm an active acquisition strategy. Enhanced liquidity and increased inventories position the company to support ongoing operations and potentially capitalize on market opportunities. Maintaining effective management of receivables and inventories will be important to sustain financial health amid this growth.

Assets: Selected Items

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Current Assets: Selected Items

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Cadence Design Systems Inc. (NASDAQ:CDNS)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data