Cadence Design Systems Inc., current enterprise value calculation

Current share price (P)	$241.27
No. shares of common stock outstanding	271,790,000
US$ in thousands
Common equity (market value)¹	65,574,773)
Add: Preferred stock, $0.01 par value; none issued or outstanding (per books)	—)
Total equity	65,574,773)
Add: Revolving credit facility (per books)	100,000)
Add: Long-term debt (per books)	648,078)
Total equity and debt	66,322,851)
Less: Cash and cash equivalents	882,325)
Enterprise value (EV)	65,440,526)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 241.27 × 271,790,000

Cadence Design Systems Inc., EV calculation

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 28, 2019	Dec 29, 2018
Share price^1, 2	$185.70	$135.21	$133.16	$71.39	$57.45
No. shares of common stock outstanding¹	272,940,000	277,336,000	278,974,000	280,168,000	280,385,000
US$ in thousands
Common equity (market value)³	50,684,958)	37,498,601)	37,148,178)	20,001,194)	16,108,118)
Add: Preferred stock, $0.01 par value; none issued or outstanding (book value)	—)	—)	—)	—)	—)
Total equity	50,684,958)	37,498,601)	37,148,178)	20,001,194)	16,108,118)
Add: Revolving credit facility (book value)	100,000)	—)	—)	—)	100,000)
Add: Long-term debt (book value)	648,078)	347,588)	346,793)	346,019)	345,291)
Total equity and debt	51,433,036)	37,846,189)	37,494,971)	20,347,213)	16,553,409)
Less: Cash and cash equivalents	882,325)	1,088,940)	928,432)	705,210)	533,298)
Enterprise value (EV)	50,550,711)	36,757,249)	36,566,539)	19,642,003)	16,020,111)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Cadence Design Systems Inc. Annual Report.

³ 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 185.70 × 272,940,000

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Cadence Design Systems Inc. EV increased from 2020 to 2021 and from 2021 to 2022.

Cadence Design Systems Inc. (NASDAQ:CDNS)

Enterprise Value (EV)