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.
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Cadence Design Systems Inc., consolidated balance sheet: assets (quarterly data)
US$ in thousands
Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 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).
The company’s total assets exhibited a generally increasing trend over the observed period, though with notable fluctuations. From April 2021 to December 2021, total assets increased from approximately US$3.999 billion to US$4.386 billion. This growth continued into early 2022, peaking at around US$4.395 billion in April 2022, before experiencing a decline to US$4.361 billion by July 2022. A significant surge in total assets occurred between October 2022 and September 2025, culminating in US$10.153 billion. This substantial increase appears to be driven primarily by changes in long-term assets, particularly goodwill and acquired intangibles.
- Cash and Cash Equivalents
- Cash and cash equivalents demonstrated volatility. Initially increasing from US$742.981 million in April 2021 to a peak of US$1.135 billion in April 2022, it then decreased to US$882.325 million by December 2022. A dramatic increase occurred in the first half of 2024, reaching US$2.786 billion in September 2024, before settling at US$3.001 billion in December 2025. This suggests significant cash flow events or strategic financial decisions during those periods.
- Receivables, Net
- Net receivables generally trended upward throughout the period. Starting at US$388.666 million in April 2021, they increased to US$489.224 million by December 2022. This upward trajectory continued, reaching US$944.939 million in December 2025. This increase could indicate growing sales or changes in credit policies.
- Inventories
- Inventory levels showed a moderate increase from US$76.592 million in April 2021 to US$181.661 million in December 2022. This growth continued into 2023, peaking at US$163.693 million in September 2023, before increasing to US$303.545 million in December 2025. The increase in inventory may be related to increased production or anticipated demand.
- Prepaid Expenses and Other
- Prepaid expenses and other current assets exhibited fluctuations. Beginning at US$141.490 million in April 2021, they decreased to US$100.428 million by October 2021, then increased to US$209.727 million by December 2022. A further increase was observed, reaching US$419.872 million in December 2025. This suggests potential changes in the timing of expense recognition or other operational factors.
- Property, Plant and Equipment, Net
- Net property, plant, and equipment remained relatively stable between April 2021 and December 2022, fluctuating between US$301.979 million and US$371.451 million. A gradual increase was observed from October 2022, reaching US$517.004 million in December 2025, indicating potential investments in fixed assets.
- Goodwill
- Goodwill experienced a significant increase, particularly between October 2022 and December 2025. Starting at US$925.949 million in October 2021, it rose to US$1.374 billion by December 2022, and then to US$2.749 billion by December 2025. This substantial increase likely reflects acquisitions or changes in the valuation of existing goodwill.
- Acquired Intangibles, Net
- Acquired intangibles, net, followed a similar pattern to goodwill, with a notable increase between October 2022 and December 2025. From US$354.617 million in December 2022, the value rose to US$718.223 million in December 2025, suggesting increased investment in or valuation of intangible assets.
- Deferred Taxes
- Deferred taxes remained relatively stable between April 2021 and December 2022, fluctuating between US$729.296 million and US$853.691 million. A slight increase was observed, reaching US$917.733 million in December 2025. This suggests consistent tax planning and reporting practices.
- Other Assets
- Other assets showed moderate fluctuations throughout the period, ranging from US$427.936 million to US$607.544 million. The value increased to US$581.372 million in December 2025.
The most significant changes observed were in cash and cash equivalents, goodwill, and acquired intangibles. The substantial increases in these areas, particularly in the latter half of the observed period, warrant further investigation to understand the underlying drivers and their potential impact on the company’s financial position.