10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000813672-21-000016 |
| Period End Date | 20210331 |
| Filing Date | 20210426 |
| Fiscal Year | 2021 |
| Fiscal Period | Q1 |
| XBRL Instance | cdns-20210403_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$705.21M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$742.98M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$928.43M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$946.28M | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$388.67M | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$338.49M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$76.59M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$75.96M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$135.71M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$141.49M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.35B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.48B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$311.12M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$305.09M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$912.60M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$782.09M | USD | Point-in-time |
| Acquired intangibles, net |
IntangibleAssetsNetExcludingGoodwill
|
$264.67M | USD | Point-in-time |
| Acquired intangibles, net |
IntangibleAssetsNetExcludingGoodwill
|
$210.59M | USD | Point-in-time |
| Deferred taxes |
DeferredIncomeTaxAssetsNet
|
$732.29M | USD | Point-in-time |
| Deferred taxes |
DeferredIncomeTaxAssetsNet
|
$729.30M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$436.11M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$437.57M | USD | Point-in-time |
| Total assets |
Assets
|
$4.00B | USD | Point-in-time |
| Total assets |
Assets
|
$3.95B | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$349.95M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$271.24M | USD | Point-in-time |
| Current portion of deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$521.10M | USD | Point-in-time |
| Current portion of deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$446.86M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$796.81M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$792.34M | USD | Point-in-time |
| Long-term portion of deferred revenue |
ContractWithCustomerLiabilityNoncurrent
|
$107.06M | USD | Point-in-time |
| Long-term portion of deferred revenue |
ContractWithCustomerLiabilityNoncurrent
|
$92.57M | USD | Point-in-time |
| Long-term debt |
UnsecuredLongTermDebt
|
$346.79M | USD | Point-in-time |
| Long-term debt |
UnsecuredLongTermDebt
|
$346.99M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$207.10M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$224.62M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$660.96M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$664.19M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock and capital in excess of par value |
CommonStocksIncludingAdditionalPaidInCapital
|
$2.22B | USD | Point-in-time |
| Common stock and capital in excess of par value |
CommonStocksIncludingAdditionalPaidInCapital
|
$2.31B | USD | Point-in-time |
| Treasury stock, at cost |
TreasuryStockValue
|
$2.28B | USD | Point-in-time |
| Treasury stock, at cost |
TreasuryStockValue
|
$2.06B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$2.35B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$2.54B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-27.04M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-17.43M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$2.49B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$2.54B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$2.10B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$2.16B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$4.00B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$3.95B | USD | Point-in-time |
Income Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$617.96M | USD | 1 Quarter |
| Revenues |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$736.03M | USD | 1 Quarter |
| Marketing and sales |
SellingAndMarketingExpense
|
$132.83M | USD | 1 Quarter |
| Marketing and sales |
SellingAndMarketingExpense
|
$125.74M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$270.99M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$241.67M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$33.59M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$39.95M | USD | 1 Quarter |
| Amortization of acquired intangibles |
AmortizationOfIntangibleAssets
|
$4.21M | USD | 1 Quarter |
| Amortization of acquired intangibles |
AmortizationOfIntangibleAssets
|
$4.63M | USD | 1 Quarter |
| Restructuring and other credits |
RestructuringCharges
|
$-277.00K | USD | 1 Quarter |
| Restructuring and other credits |
RestructuringCharges
|
$-1.07M | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$478.61M | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$532.09M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$139.35M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$203.94M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$4.64M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$4.22M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$2.70M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-4.53M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$202.42M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$130.18M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$6.19M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$15.25M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$123.99M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$187.17M | USD | 1 Quarter |
| Net income per share - basic (usd per share) |
EarningsPerShareBasic
|
$0.68 | USD | 1 Quarter |
| Net income per share - basic (usd per share) |
EarningsPerShareBasic
|
$0.45 | USD | 1 Quarter |
| Net Income per share - diluted (usd per share) |
EarningsPerShareDiluted
|
$0.67 | USD | 1 Quarter |
| Net Income per share - diluted (usd per share) |
EarningsPerShareDiluted
|
$0.44 | USD | 1 Quarter |
| Weighted average common shares outstanding - basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
273.48M | shares | 1 Quarter |
| Weighted average common shares outstanding - basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
274.02M | shares | 1 Quarter |
| Weighted average common shares outstanding - diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
280.14M | shares | 1 Quarter |
| Weighted average common shares outstanding - diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
279.26M | shares | 1 Quarter |
Cash Flow Statement
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$123.99M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$187.17M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$33.32M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$36.22M | USD | 1 Quarter |
| Amortization of debt discount and fees |
AmortizationOfFinancingCostsAndDiscounts
|
$254.00K | USD | 1 Quarter |
| Amortization of debt discount and fees |
AmortizationOfFinancingCostsAndDiscounts
|
$264.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$46.48M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$52.60M | USD | 1 Quarter |
| (Gain) loss on investments, net |
GainLossOnInvestments
|
$-3.21M | USD | 1 Quarter |
| (Gain) loss on investments, net |
GainLossOnInvestments
|
$1.43M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$2.71M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$3.90M | USD | 1 Quarter |
| Provisions for losses (recoveries) on receivables |
ProvisionForDoubtfulAccounts
|
$77.00K | USD | 1 Quarter |
| Provisions for losses (recoveries) on receivables |
ProvisionForDoubtfulAccounts
|
$-77.00K | USD | 1 Quarter |
| ROU asset amortization and change in operating lease liabilities |
ROUassetamortizationandchangeinoperatingleaseliabilities
|
$-2.14M | USD | 1 Quarter |
| ROU asset amortization and change in operating lease liabilities |
ROUassetamortizationandchangeinoperatingleaseliabilities
|
$706.00K | USD | 1 Quarter |
| Other non-cash items |
OtherNoncashIncomeExpense
|
$-183.00K | USD | 1 Quarter |
| Other non-cash items |
OtherNoncashIncomeExpense
|
$-302.00K | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$45.93M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$-26.48M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$669.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$5.26M | USD | 1 Quarter |
| Prepaid expenses and other |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$4.96M | USD | 1 Quarter |
| Prepaid expenses and other |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$3.01M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$8.34M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-6.26M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-80.77M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-84.84M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$59.17M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$86.91M | USD | 1 Quarter |
| Other long-term liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$-2.37M | USD | 1 Quarter |
| Other long-term liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$-4.24M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$208.44M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$217.72M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$22.18M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$16.97M | USD | 1 Quarter |
| Cash paid in business combinations, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$189.26M | USD | 1 Quarter |
| Cash paid in business combinations, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$193.82M | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-216.00M | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-206.23M | USD | 1 Quarter |
| Proceeds from revolving credit facility |
ProceedsFromLinesOfCredit
|
- | USD | 1 Quarter |
| Proceeds from revolving credit facility |
ProceedsFromLinesOfCredit
|
$350.00M | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$46.38M | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$33.31M | USD | 1 Quarter |
| Stock received for payment of employee taxes on vesting of restricted stock |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$37.53M | USD | 1 Quarter |
| Stock received for payment of employee taxes on vesting of restricted stock |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$56.38M | USD | 1 Quarter |
| Payments for repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$172.27M | USD | 1 Quarter |
| Payments for repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$100.02M | USD | 1 Quarter |
| Net cash provided by (used for) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$245.76M | USD | 1 Quarter |
| Net cash provided by (used for) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-182.27M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-6.41M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-5.39M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-185.45M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$241.07M | USD | 1 Quarter |
| Cash and Cash Equivalents, at Carrying Value |
CashAndCashEquivalentsAtCarryingValue
|
$705.21M | USD | Point-in-time |
| Cash and Cash Equivalents, at Carrying Value |
CashAndCashEquivalentsAtCarryingValue
|
$742.98M | USD | Point-in-time |
| Cash and Cash Equivalents, at Carrying Value |
CashAndCashEquivalentsAtCarryingValue
|
$928.43M | USD | Point-in-time |
| Cash and Cash Equivalents, at Carrying Value |
CashAndCashEquivalentsAtCarryingValue
|
$946.28M | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
$131.00K | USD | 1 Quarter |
| Cash paid for interest |
InterestPaidNet
|
$134.00K | USD | 1 Quarter |
| Cash paid for taxes, net |
IncomeTaxesPaidNet
|
$9.27M | USD | 1 Quarter |
| Cash paid for taxes, net |
IncomeTaxesPaidNet
|
$10.13M | USD | 1 Quarter |
Stockholders Equity
22 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquity
|
$2.49B | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$2.54B | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$2.10B | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$2.16B | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$123.99M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$187.17M | USD | 1 Quarter |
| Other comprehensive loss, net of taxes |
OtherComprehensiveIncomeLossNetOfTax
|
$-9.61M | USD | 1 Quarter |
| Other comprehensive loss, net of taxes |
OtherComprehensiveIncomeLossNetOfTax
|
$-9.65M | USD | 1 Quarter |
| Purchase of treasury stock, shares |
TreasuryStockSharesAcquired
|
1.32M | shares | 1 Quarter |
| Purchase of treasury stock, shares |
TreasuryStockSharesAcquired
|
1.49M | shares | 1 Quarter |
| Purchase of treasury stock |
TreasuryStockValueAcquiredCostMethod
|
$100.02M | USD | 1 Quarter |
| Purchase of treasury stock |
TreasuryStockValueAcquiredCostMethod
|
$172.27M | USD | 1 Quarter |
| Issuance of common stock and reissuance of treasury stock under equity incentive plans, net of forfeitures |
StockIssuedDuringPeriodValueTreasuryStockReissued
|
$33.83M | USD | 1 Quarter |
| Issuance of common stock and reissuance of treasury stock under equity incentive plans, net of forfeitures |
StockIssuedDuringPeriodValueTreasuryStockReissued
|
$47.91M | USD | 1 Quarter |
| Stock received for payment of employee taxes on vesting of restricted stock |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$37.53M | USD | 1 Quarter |
| Stock received for payment of employee taxes on vesting of restricted stock |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$56.38M | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$46.48M | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$52.60M | USD | 1 Quarter |
| Ending balance |
StockholdersEquity
|
$2.49B | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$2.54B | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$2.10B | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$2.16B | USD | Point-in-time |
Comprehensive Income
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$123.99M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$187.17M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-9.62M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-9.92M | USD | 1 Quarter |
| Changes in defined benefit plan liabilities |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-311.00K | USD | 1 Quarter |
| Changes in defined benefit plan liabilities |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$31.00K | USD | 1 Quarter |
| Total other comprehensive loss, net of tax effects |
OtherComprehensiveIncomeLossNetOfTax
|
$-9.61M | USD | 1 Quarter |
| Total other comprehensive loss, net of tax effects |
OtherComprehensiveIncomeLossNetOfTax
|
$-9.65M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$177.56M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$114.34M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.