Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Cadence Design Systems Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 28, 2019
Revolving credit facility	—)	100,000)	—)	—)	—)
Current portion of long-term debt	349,285)	—)	—)	—)	—)
Trade accounts payable	91,194)	47,113)	—)	—)	—)
Payroll and payroll-related accruals	294,108)	294,620)	254,090)	219,289)	200,163)
Customer deposits	18,790)	54,568)	64,117)	27,888)	—)
Other accrued operating liabilities	172,466)	160,857)	99,076)	102,774)	116,745)
Accounts payable and accrued liabilities	576,558)	557,158)	417,283)	349,951)	316,908)
Current portion of deferred revenue	665,024)	690,538)	553,942)	446,857)	355,483)
Current liabilities	1,590,867)	1,347,696)	971,225)	796,808)	672,391)
Long-term portion of deferred revenue	98,931)	91,524)	101,148)	107,064)	73,400)
Long-term debt, excluding current portion	299,771)	648,078)	347,588)	346,793)	346,019)
Long-term operating lease liabilities	115,358)	139,337)	107,121)	113,916)	84,782)
Other accrued liabilities	160,293)	165,323)	118,542)	93,186)	77,739)
Other long-term liabilities	275,651)	304,660)	225,663)	207,102)	162,521)
Long-term liabilities	674,353)	1,044,262)	674,399)	660,959)	581,940)
Total liabilities	2,265,220)	2,391,958)	1,645,624)	1,457,767)	1,254,331)
Preferred stock, $0.01 par value; none issued or outstanding	—)	—)	—)	—)	—)
Common stock, $0.01 par value	3,166,964)	2,765,673)	2,467,701)	2,217,939)	2,046,237)
Treasury stock, at cost	(4,604,323)	(3,824,163)	(2,740,003)	(2,057,829)	(1,668,105)
Retained earnings	4,936,384)	3,895,240)	3,046,288)	2,350,333)	1,761,688)
Accumulated other comprehensive loss	(94,754)	(91,637)	(33,311)	(17,425)	(36,926)
Stockholders’ equity	3,404,271)	2,745,113)	2,740,675)	2,493,018)	2,102,894)
Total liabilities and stockholders’ equity	5,669,491)	5,137,071)	4,386,299)	3,950,785)	3,357,225)

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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Cadence Design Systems Inc. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Cadence Design Systems Inc. long-term liabilities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Cadence Design Systems Inc. total liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Cadence Design Systems Inc. stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.

Cadence Design Systems Inc. (NASDAQ:CDNS)

Balance Sheet: Liabilities and Stockholders’ Equity