Income Statement
Quarterly Data

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.

Cadence Design Systems Inc., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	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
Product and maintenance	1,100,380)	960,457)	913,385)	981,987)	965,840)	922,790)	963,742)	845,880)	845,788)	802,285)	846,244)	719,849)	706,160)	687,884)	699,054)	723,233)	630,329)	601,356)	581,699)	564,964)	548,105)	548,028)	543,518)
Services	115,119)	100,224)	95,718)	86,636)	57,254)	53,789)	57,948)	53,997)	56,766)	55,236)	55,522)	53,187)	44,735)	40,401)	36,974)	36,676)	36,278)	37,062)	36,258)	34,591)	31,498)	32,391)	33,224)
Revenue	1,215,499)	1,060,681)	1,009,103)	1,068,623)	1,023,094)	976,579)	1,021,690)	899,877)	902,554)	857,521)	901,766)	773,036)	750,895)	728,285)	736,028)	759,909)	666,607)	638,418)	617,957)	599,555)	579,603)	580,419)	576,742)
Cost of product and maintenance	(109,593)	(94,363)	(75,395)	(71,491)	(85,813)	(74,218)	(100,238)	(69,702)	(62,351)	(68,717)	(72,795)	(47,714)	(54,185)	(55,842)	(64,906)	(55,111)	(64,800)	(55,669)	(55,446)	(53,521)	(41,715)	(43,388)	(50,522)
Cost of services	(53,451)	(44,907)	(49,802)	(32,639)	(23,768)	(22,640)	(24,234)	(23,813)	(25,249)	(23,948)	(25,048)	(21,979)	(22,402)	(20,917)	(19,061)	(18,425)	(17,484)	(19,546)	(19,017)	(19,807)	(19,260)	(18,081)	(20,063)
Cost of revenue	(163,044)	(139,270)	(125,197)	(104,130)	(109,581)	(96,858)	(124,472)	(93,515)	(87,600)	(92,665)	(97,843)	(69,693)	(76,587)	(76,759)	(83,967)	(73,536)	(82,284)	(75,215)	(74,463)	(73,328)	(60,975)	(61,469)	(70,585)
Gross margin	1,052,455)	921,411)	883,906)	964,493)	913,513)	879,721)	897,218)	806,362)	814,954)	764,856)	803,923)	703,343)	674,308)	651,526)	652,061)	686,373)	584,323)	563,203)	543,494)	526,227)	518,628)	518,950)	506,157)
Marketing and sales	(189,763)	(186,725)	(180,589)	(180,368)	(176,215)	(167,070)	(166,666)	(171,817)	(152,925)	(139,296)	(140,186)	(148,068)	(143,401)	(135,967)	(132,826)	(146,502)	(123,738)	(120,476)	(125,744)	(127,267)	(121,368)	(116,208)	(116,830)
Research and development	(407,369)	(370,740)	(378,958)	(367,443)	(369,642)	(354,416)	(350,295)	(350,423)	(323,629)	(286,597)	(290,895)	(288,953)	(289,105)	(285,227)	(270,992)	(290,309)	(250,934)	(250,821)	(241,668)	(235,372)	(240,542)	(231,814)	(228,210)
General and administrative	(71,581)	(63,436)	(68,716)	(75,742)	(58,556)	(54,605)	(53,527)	(68,065)	(73,688)	(51,426)	(48,937)	(65,743)	(42,990)	(40,333)	(39,952)	(49,264)	(35,928)	(35,641)	(33,592)	(42,093)	(33,204)	(34,407)	(30,102)
Amortization of acquired intangibles	(9,148)	(6,667)	(5,407)	(4,981)	(4,612)	(4,302)	(4,267)	(4,927)	(3,946)	(4,633)	(4,964)	(4,979)	(5,000)	(5,030)	(4,631)	(4,775)	(4,438)	(4,590)	(4,206)	(2,787)	(2,874)	(3,159)	(3,308)
Restructuring	(24,538)	33)	(280)	569)	(11,582)	—)	—)	(13)	(14)	(16)	(12)	80)	222)	469)	277)	(10,544)	(13)	275)	1,067)	(9,809)	186)	313)	689)
Income from operations	350,056)	293,876)	249,956)	336,528)	292,906)	299,328)	322,463)	211,117)	260,752)	282,888)	318,929)	195,680)	194,034)	185,438)	203,937)	184,979)	169,272)	151,950)	139,351)	108,899)	120,826)	133,675)	128,396)
Interest expense	(24,495)	(12,905)	(8,692)	(8,989)	(9,059)	(8,877)	(9,260)	(9,082)	(5,463)	(4,281)	(4,108)	(4,251)	(4,196)	(4,316)	(4,217)	(4,873)	(5,325)	(5,914)	(4,637)	(4,222)	(4,240)	(4,976)	(5,391)
Other income (expense), net	7,853)	34,739)	68,779)	34,523)	16,106)	7,973)	8,284)	8,490)	(3,017)	(5,962)	(4,900)	2,625)	(1,143)	2,143)	2,701)	6,083)	1,766)	4,630)	(4,534)	748)	122)	(110)	5,241)
Income before (provision) benefit for income taxes	333,414)	315,710)	310,043)	362,062)	299,953)	298,424)	321,487)	210,525)	252,272)	272,645)	309,921)	194,054)	188,695)	183,265)	202,421)	186,189)	165,713)	150,666)	130,180)	105,425)	116,708)	128,589)	128,246)
(Provision) benefit for income taxes	(95,303)	(86,190)	(62,400)	(38,163)	(45,632)	(77,304)	(79,683)	29,867)	(65,967)	(85,725)	(74,586)	(17,475)	(12,388)	(27,365)	(15,252)	(12,451)	(4,083)	(19,378)	(6,192)	554,250)	(15,194)	(21,354)	(7,691)
Net income	238,111)	229,520)	247,643)	323,899)	254,321)	221,120)	241,804)	240,392)	186,305)	186,920)	235,335)	176,579)	176,307)	155,900)	187,169)	173,738)	161,630)	131,288)	123,988)	659,675)	101,514)	107,235)	120,555)

Download chart

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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 decreased from Q1 2024 to Q2 2024 but then slightly increased from Q2 2024 to Q3 2024.

Cadence Design Systems Inc. (NASDAQ:CDNS)

Income StatementQuarterly Data

Income Statement
Quarterly Data