10-Q Filing

CADENCE DESIGN SYSTEMS INC CIK: 813672 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000813672-23-000041`
Period End Date	20230630
Filing Date	20230724
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	cdns-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 68 Cash Flow Statement 78 Stockholders Equity 44 Comprehensive Income 24

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$873.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$882.33M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$440.92M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$486.71M	USD	Point-in-time
Inventories	`InventoryNet`	$128.00M	USD	Point-in-time
Inventories	`InventoryNet`	$139.58M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$209.73M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$188.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.64B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.71B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$370.19M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$371.45M	USD	Point-in-time
Goodwill	`Goodwill`	$1.43B	USD	Point-in-time
Goodwill	`Goodwill`	$1.37B	USD	Point-in-time
Acquired intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$340.74M	USD	Point-in-time
Acquired intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$354.62M	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxAssetsNet`	$872.15M	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxAssetsNet`	$853.69M	USD	Point-in-time
Other assets	`OtherAssets`	$476.28M	USD	Point-in-time
Other assets	`OtherAssets`	$500.22M	USD	Point-in-time
Total assets	`Assets`	$5.14B	USD	Point-in-time
Total assets	`Assets`	$5.16B	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	-	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$100.00M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$510.01M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$557.16M	USD	Point-in-time
Current portion of deferred revenue	`ContractWithCustomerLiabilityCurrent`	$686.29M	USD	Point-in-time
Current portion of deferred revenue	`ContractWithCustomerLiabilityCurrent`	$690.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.20B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.35B	USD	Point-in-time
Long-term portion of deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$91.52M	USD	Point-in-time
Long-term portion of deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$96.65M	USD	Point-in-time
Long-term debt	`UnsecuredLongTermDebt`	$648.08M	USD	Point-in-time
Long-term debt	`UnsecuredLongTermDebt`	$648.55M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$304.66M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$305.17M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.04B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.05B	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`	$2.77B	USD	Point-in-time
Common stock and capital in excess of par value	`CommonStocksIncludingAdditionalPaidInCapital`	$2.90B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$4.26B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$3.82B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.36B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.90B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-90.51M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-91.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.76B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.91B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.94B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.74B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.63B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.75B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.16B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.14B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.00B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$857.52M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.76B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$976.58M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$167.07M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$333.74M	USD	2 Qtrs
Marketing and sales	`SellingAndMarketingExpense`	$279.48M	USD	2 Qtrs
Marketing and sales	`SellingAndMarketingExpense`	$139.30M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$354.42M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$577.49M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$286.60M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$704.71M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$54.60M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$51.43M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$108.13M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$100.36M	USD	2 Qtrs
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$8.57M	USD	2 Qtrs
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$9.60M	USD	2 Qtrs
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$4.63M	USD	1 Quarter
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$4.30M	USD	1 Quarter
Restructuring	`RestructuringCharges`	$16.00K	USD	1 Quarter
Restructuring	`RestructuringCharges`	-	USD	2 Qtrs
Restructuring	`RestructuringCharges`	$28.00K	USD	2 Qtrs
Restructuring	`RestructuringCharges`	-	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$677.25M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$1.38B	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$1.16B	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$574.63M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$621.79M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$601.82M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$282.89M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$299.33M	USD	1 Quarter
Interest expense	`InterestExpense`	$18.14M	USD	2 Qtrs
Interest expense	`InterestExpense`	$8.88M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.39M	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.28M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$16.26M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-10.86M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-5.96M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$7.97M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$272.64M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$582.57M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$298.42M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$619.91M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$160.31M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$156.99M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$85.72M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$77.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$422.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$462.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$221.12M	USD	1 Quarter
Net income	`NetIncomeLoss`	$186.92M	USD	1 Quarter
Net income per share - basic (usd per share)	`EarningsPerShareBasic`	$1.55	USD	2 Qtrs
Net income per share - basic (usd per share)	`EarningsPerShareBasic`	$0.69	USD	1 Quarter
Net income per share - basic (usd per share)	`EarningsPerShareBasic`	$1.72	USD	2 Qtrs
Net income per share - basic (usd per share)	`EarningsPerShareBasic`	$0.82	USD	1 Quarter
Net Income per share - diluted (usd per share)	`EarningsPerShareDiluted`	$1.53	USD	2 Qtrs
Net Income per share - diluted (usd per share)	`EarningsPerShareDiluted`	$0.81	USD	1 Quarter
Net Income per share - diluted (usd per share)	`EarningsPerShareDiluted`	$1.70	USD	2 Qtrs
Net Income per share - diluted (usd per share)	`EarningsPerShareDiluted`	$0.68	USD	1 Quarter
Weighted average common shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	272.03M	shares	2 Qtrs
Weighted average common shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	269.61M	shares	2 Qtrs
Weighted average common shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	271.52M	shares	1 Quarter
Weighted average common shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	269.71M	shares	1 Quarter
Weighted average common shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	273.00M	shares	1 Quarter
Weighted average common shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	275.17M	shares	1 Quarter
Weighted average common shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	276.10M	shares	2 Qtrs
Weighted average common shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	273.08M	shares	2 Qtrs

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.03B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$873.92M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$882.33M	USD	Point-in-time
Net income	`NetIncomeLoss`	$422.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$462.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$221.12M	USD	1 Quarter
Net income	`NetIncomeLoss`	$186.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$67.69M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$70.43M	USD	2 Qtrs
Amortization of debt discount and fees	`AmortizationOfFinancingCostsAndDiscounts`	$539.00K	USD	2 Qtrs
Amortization of debt discount and fees	`AmortizationOfFinancingCostsAndDiscounts`	$626.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$64.27M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$150.90M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$76.61M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$123.74M	USD	2 Qtrs
Loss on investments, net	`GainLossOnInvestments`	$-3.12M	USD	2 Qtrs
Loss on investments, net	`GainLossOnInvestments`	$-554.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-41.60M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-20.17M	USD	2 Qtrs
Provisions for losses on receivables	`ProvisionForDoubtfulAccounts`	$720.00K	USD	2 Qtrs
Provisions for losses on receivables	`ProvisionForDoubtfulAccounts`	$133.00K	USD	2 Qtrs
ROU asset amortization and change in operating lease liabilities	`ROUassetamortizationandchangeinoperatingleaseliabilities`	$-3.54M	USD	2 Qtrs
ROU asset amortization and change in operating lease liabilities	`ROUassetamortizationandchangeinoperatingleaseliabilities`	$1.74M	USD	2 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$-88.00K	USD	2 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$-1.83M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$64.04M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-41.21M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-367.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$16.98M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-50.79M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-40.57M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$31.84M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-14.48M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.47M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-37.05M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$80.46M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.27M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-5.87M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$9.50M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$681.17M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$661.15M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$29.21M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$1.00M	USD	2 Qtrs
Proceeds from the sale and maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$1.50M	USD	2 Qtrs
Proceeds from the sale and maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	-	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$46.66M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$42.20M	USD	2 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$750.00K	USD	2 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Cash paid in business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$55.38M	USD	2 Qtrs
Cash paid in business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$25.00M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-68.95M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-129.74M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$50.00M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$150.00M	USD	2 Qtrs
Payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.22M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$77.50M	USD	2 Qtrs
Stock received for payment of employee taxes on vesting of restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$78.99M	USD	2 Qtrs
Stock received for payment of employee taxes on vesting of restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$63.54M	USD	2 Qtrs
Payments for repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$450.12M	USD	2 Qtrs
Payments for repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$600.05M	USD	2 Qtrs
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-613.37M	USD	2 Qtrs
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-551.61M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-8.22M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-38.22M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.40M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-59.40M	USD	2 Qtrs
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.03B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$873.92M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$882.33M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$7.97M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$17.57M	USD	2 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$61.89M	USD	2 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$79.28M	USD	2 Qtrs

Stockholders Equity 44 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$2.76B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.91B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.94B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.74B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.63B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.75B	USD	Point-in-time
Net income	`NetIncomeLoss`	$422.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$462.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$221.12M	USD	1 Quarter
Net income	`NetIncomeLoss`	$186.92M	USD	1 Quarter
Other comprehensive loss, net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-33.46M	USD	1 Quarter
Other comprehensive loss, net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-3.12M	USD	1 Quarter
Other comprehensive loss, net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$1.13M	USD	2 Qtrs
Other comprehensive loss, net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-48.07M	USD	2 Qtrs
Purchase of treasury stock, shares	`TreasuryStockSharesAcquired`	3.70M	shares	2 Qtrs
Purchase of treasury stock, shares	`TreasuryStockSharesAcquired`	2.14M	shares	1 Quarter
Purchase of treasury stock, shares	`TreasuryStockSharesAcquired`	1.85M	shares	2 Qtrs
Purchase of treasury stock, shares	`TreasuryStockSharesAcquired`	1.18M	shares	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$390.12M	USD	2 Qtrs
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$570.05M	USD	2 Qtrs
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$265.11M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$320.03M	USD	1 Quarter
Equity forward contract	`CdnsAdjustmentsToAdditionalPaidInCapitalForwardContractUnderAcceleratedShareRepurchaseAgreements`	$-30.00M	USD	2 Qtrs
Equity forward contract	`CdnsAdjustmentsToAdditionalPaidInCapitalForwardContractUnderAcceleratedShareRepurchaseAgreements`	$-60.00M	USD	1 Quarter
Equity forward contract	`CdnsAdjustmentsToAdditionalPaidInCapitalForwardContractUnderAcceleratedShareRepurchaseAgreements`	$-60.00M	USD	2 Qtrs
Equity forward contract	`CdnsAdjustmentsToAdditionalPaidInCapitalForwardContractUnderAcceleratedShareRepurchaseAgreements`	$-30.00M	USD	1 Quarter
Issuance of common stock and reissuance of treasury stock under equity incentive plans, net of forfeitures	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$4.55M	USD	1 Quarter
Issuance of common stock and reissuance of treasury stock under equity incentive plans, net of forfeitures	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$50.22M	USD	2 Qtrs
Issuance of common stock and reissuance of treasury stock under equity incentive plans, net of forfeitures	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$77.50M	USD	2 Qtrs
Issuance of common stock and reissuance of treasury stock under equity incentive plans, net of forfeitures	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$9.36M	USD	1 Quarter
Stock received for payment of employee taxes on vesting of restricted stock	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.20M	USD	1 Quarter
Stock received for payment of employee taxes on vesting of restricted stock	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$78.99M	USD	2 Qtrs
Stock received for payment of employee taxes on vesting of restricted stock	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$63.54M	USD	2 Qtrs
Stock received for payment of employee taxes on vesting of restricted stock	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$11.28M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$64.27M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$123.74M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$76.61M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$150.90M	USD	2 Qtrs
Ending balance	`StockholdersEquity`	$2.76B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.91B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.94B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.74B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.63B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.75B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$422.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$462.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$221.12M	USD	1 Quarter
Net income	`NetIncomeLoss`	$186.92M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-35.22M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.81M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$1.15M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-50.00M	USD	2 Qtrs
Changes in defined benefit plan liabilities	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.93M	USD	2 Qtrs
Changes in defined benefit plan liabilities	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-405.00K	USD	2 Qtrs
Changes in defined benefit plan liabilities	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.76M	USD	1 Quarter
Changes in defined benefit plan liabilities	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-142.00K	USD	1 Quarter
Unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-424.00K	USD	2 Qtrs
Unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-454.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax effects	`OtherComprehensiveIncomeLossNetOfTax`	$-33.46M	USD	1 Quarter
Total other comprehensive income (loss), net of tax effects	`OtherComprehensiveIncomeLossNetOfTax`	$-3.12M	USD	1 Quarter
Total other comprehensive income (loss), net of tax effects	`OtherComprehensiveIncomeLossNetOfTax`	$1.13M	USD	2 Qtrs
Total other comprehensive income (loss), net of tax effects	`OtherComprehensiveIncomeLossNetOfTax`	$-48.07M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$218.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$153.46M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$464.05M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$374.19M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.