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
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 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Cash and cash equivalents 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 1,189,186 946,285 705,210 655,216 633,415 538,898
Receivables, net 560,973 564,851 389,865 489,224 426,505 440,915 488,237 486,710 391,181 391,738 361,789 337,596 327,191 389,986 388,666 338,487 300,413 312,758 284,093 304,546 274,914 237,609 264,767
Inventories 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 55,802 66,745 49,299 37,480
Prepaid expenses and other 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 93,915 108,554 103,785 53,074 58,918 76,802
Current assets 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 1,169,343 1,049,949 979,241 917,947
Property, plant and equipment, net 448,652 449,422 433,016 403,213 379,776 370,193 372,956 371,451 348,238 316,741 310,690 305,911 303,313 301,979 305,089 311,125 288,163 282,738 281,207 275,855 259,453 257,882 253,392
Goodwill 2,493,467 2,417,747 1,575,107 1,535,845 1,500,442 1,428,772 1,377,625 1,374,268 1,348,494 924,460 923,719 928,358 925,949 929,525 912,603 782,087 780,842 778,857 778,992 661,856 661,678 662,713 662,871
Acquired intangibles, net 662,343 664,038 334,644 336,843 347,617 340,742 341,738 354,617 353,912 215,781 219,110 233,265 247,628 264,789 264,671 210,590 227,753 242,543 258,617 172,375 185,037 197,840 212,298
Deferred taxes 889,939 892,963 886,576 880,001 874,805 872,151 864,750 853,691 783,315 802,886 787,111 763,770 766,036 729,790 729,296 732,290 722,656 704,882 699,194 732,367
Other assets 572,707 605,183 562,855 537,372 504,272 500,216 516,006 476,277 463,645 443,786 419,540 439,226 427,936 439,398 437,571 436,106 384,256 350,694 350,456 345,429 506,081 514,649 499,803
Long-term assets 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 2,187,882 1,612,249 1,633,084 1,628,364
Total assets 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 3,357,225 2,662,198 2,612,325 2,546,311

Based on: 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), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Cadence Design Systems Inc. current assets increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Cadence Design Systems Inc. property, plant and equipment, net increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Cadence Design Systems Inc. long-term assets increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Cadence Design Systems Inc. total assets increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Cadence Design Systems Inc. cash and cash equivalents increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Receivables, net The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. Cadence Design Systems Inc. receivables, net increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Cadence Design Systems Inc. inventories decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.