Stock Analysis on Net
Stock Analysis on Net

Cadence Design Systems Inc. (NASDAQ:CDNS)

$24.99

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Cadence Design Systems Inc., consolidated income statement

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 28, 2019
Product and maintenance
Services
Revenue
Cost of product and maintenance
Cost of services
Cost of revenue
Gross margin
Marketing and sales
Research and development
General and administrative
Amortization of acquired intangibles
Restructuring
Income from operations
Interest expense
Interest income
Gains (losses) on investments
Gains (losses) on securities in NQDC trust
Gains (losses) on foreign exchange
Other expense, net
Other income (expense), net
Income before (provision) benefit for income taxes
(Provision) benefit for income taxes
Net income

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).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Cadence Design Systems Inc. revenue increased from 2021 to 2022 and from 2022 to 2023.
Income from operations The net result for the period of deducting operating expenses from operating revenues. Cadence Design Systems Inc. income from operations increased from 2021 to 2022 and from 2022 to 2023.
Income before (provision) benefit for income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Cadence Design Systems Inc. income before (provision) benefit for income taxes increased from 2021 to 2022 and from 2022 to 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Cadence Design Systems Inc. net income increased from 2021 to 2022 and from 2022 to 2023.