Stock Analysis on Net

Cadence Design Systems Inc. (NASDAQ:CDNS)

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

Microsoft Excel
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 2,777,674 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 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 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 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 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 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 2,419,717 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 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 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 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 5,015,399 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 9,013,486 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

Based on: 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), 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).


Cash and Cash Equivalents
The cash and cash equivalents exhibit a fluctuating yet generally rising trend. Starting from approximately $946 million in March 2020, there was an initial increase, peaking near $1.3 billion in September 2020, followed by a dip through 2021. Notably, from mid-2023 onwards, there is a dramatic surge, reaching over $2.7 billion by September 2024, indicating a substantial increase in liquidity.
Receivables, Net
Receivables show cyclical variations with periods of increase and decline. Beginning around $284 million in March 2020, values rose to nearly $488 million by March 2023, then experienced some volatility with a decrease to $389 million in June 2024, followed by a subsequent rise to $681 million by September 2024. The overall movement suggests variability in credit sales or collections.
Inventories
Inventory levels increased steadily over the observed periods. Starting from roughly $60.6 million in early 2020, inventories more than tripled to approximately $293 million by September 2024 before slightly declining towards the end of 2024 and early 2025. This rising trend may reflect increased production or stockpiling in anticipation of demand.
Prepaid Expenses and Other Current Assets
This category displays growth over time with noticeable upward momentum. Prepaid expenses and other current assets increased from about $108.6 million in March 2020 to over $459 million by September 2024, indicating potentially higher advance payments or operational activities.
Current Assets
Current assets mirror the movements of individual components, showing an increasing trend overall. From approximately $1.4 billion in March 2020, current assets rose with some fluctuations to nearly $4.1 billion in September 2024 before slightly declining toward early 2025. This substantial growth reflects enhanced short-term asset holdings.
Property, Plant, and Equipment, Net
Net property, plant, and equipment demonstrate a gradual and steady increase. Values rose from about $281 million in early 2020 to approximately $466 million by March 2025. This steady upward pattern suggests ongoing capital investments or asset acquisitions.
Goodwill
Goodwill shows notable increments particularly from late 2021 onward. Holding fairly steady around $779 million in early 2020, goodwill surged significantly to over $2.4 billion by March 2025, indicating acquisitions or recognition of intangible assets at a much higher level.
Acquired Intangibles, Net
Acquired intangibles exhibit some volatility but generally increase over time. Starting around $259 million in March 2020, values decreased somewhat during 2020-2021 before rising sharply to nearly $664 million by June 2024. A small decline followed toward early 2025. The upward trend suggests increased valuation or additions of intangible assets.
Deferred Taxes
Deferred taxes have steadily increased through the periods analyzed. Beginning at approximately $699 million in March 2020, these liabilities rose consistently to close to $986 million by March 2025. The gradual rise indicates accumulating tax obligations or timing differences.
Other Assets
Other assets increase moderately, moving from about $350 million in early 2020 to roughly $559 million by March 2025. There are minor fluctuations but the overall trend denotes a progressive expansion of miscellaneous asset types.
Long-term Assets
Long-term assets demonstrate a general increase, with a notable acceleration from 2022 onward. Growing from approximately $2.37 billion in March 2020 to beyond $5 billion by mid-2024, the figure stabilizes near this level into early 2025. This trend reflects considerable long-term investments and asset accrual.
Total Assets
Total assets display growth with periods of fluctuation. Starting near $3.77 billion in March 2020, total assets steadily increased to over $7.2 billion by June 2024 before slightly retracting to approximately $9 billion by early 2025. This substantial increase in asset base indicates overall expansion and asset accumulation over time.

Assets: Selected Items


Current Assets: Selected Items