For the year ending 2025-12-31, CDNS had $357,287K increase in cash & cash equivalents over the period. $1,586,910K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | 5,296,759 | 4,641,264 | - | - |
| Salary, benefits and other employee-related costs | 2,132,023 | 1,936,542 | - | - |
| Stock based compensation | 455,175 | 391,219 | - | - |
| Manufacturing costs | 376,610 | 330,903 | - | - |
| Facilities and other infrastructure costs | 192,719 | 174,102 | - | - |
| Depreciation and amortization | 227,828 | 196,935 | - | - |
| Professional services | 169,290 | 153,439 | - | - |
| Loss related to contingent liability | 128,545 | - | - | - |
| Restructuring | 29,194 | 23,765 | - | - |
| Other segments items | 48,375 | 25,025 | - | - |
| Interest income | 101,584 | 62,484 | - | - |
| Interest expense | 116,541 | 75,999 | - | - |
| Provision for income taxes | 413,155 | 340,335 | - | - |
| Net income | 1,108,888 | 1,055,484 | 1,041,144 | 848,952 |
| Depreciation and amortization | 227,828 | 196,935 | 145,292 | 132,088 |
| Amortization of debt discount and fees | - | 3,473 | 1,262 | 1,134 |
| Stock-based compensation | 455,175 | 391,219 | 325,611 | 270,439 |
| Gain on divestitures and investments, net | 69,089 | 49,593 | 34,602 | -5,425 |
| Deferred income taxes | 66,048 | -128,737 | -36,512 | -107,606 |
| Provisions for losses on receivables | - | 2,078 | 3,325 | 204 |
| Rou asset amortization and change in operating lease liabilities | 6,016 | -1,920 | 451 | 3,342 |
| Other non-cash items | -7,166 | -587 | -1,983 | -371 |
| Receivables | 274,894 | 180,287 | 11,748 | 138,471 |
| Inventories | 91,029 | 82,771 | 65,895 | 23,073 |
| Prepaid expenses and other | -43,382 | 81,529 | -39,015 | 38,927 |
| Other assets | 18,569 | -11,866 | 45,784 | 933 |
| Accounts payable and accrued liabilities | 184,897 | 33,676 | 5,415 | 113,945 |
| Deferred revenue | 69,411 | 66,478 | -21,583 | 131,462 |
| Other long-term liabilities | 13,551 | 23,592 | 1,802 | 43,542 |
| Net cash provided by operating activities | 1,728,781 | 1,260,551 | 1,349,176 | 1,241,894 |
| Purchases of investments | 40,895 | 4,982 | 176,170 | 1,000 |
| Proceeds from the sale and maturity of investments | 140,281 | 47,980 | 64,775 | 366 |
| Proceeds from the sale of ip and other assets | 11,500 | - | - | - |
| Purchases of property, plant and equipment | 141,871 | 142,542 | 102,337 | 123,215 |
| Purchases of intangible assets | 0 | 0 | 166 | 1,000 |
| Cash paid in business combinations, net of cash acquired | 429,538 | 737,574 | 198,351 | 613,785 |
| Net cash used for investing activities | -460,523 | -837,118 | -412,249 | -738,634 |
| Proceeds from revolving credit facility | 0 | 0 | 50,000 | 585,000 |
| Payments on revolving credit facility | 0 | 0 | 150,000 | 485,000 |
| Proceeds from the issuance of debt | 0 | 3,196,595 | 0 | 300,000 |
| Payments of debt | 0 | 1,350,000 | - | - |
| Payments of debt issuance costs | 0 | 23,828 | 0 | 425 |
| Proceeds from issuance of common stock | 145,901 | 204,237 | 132,957 | 105,331 |
| Stock received for payment of employee taxes on vesting of restricted stock | 169,842 | 237,737 | 136,396 | 111,864 |
| Payments for repurchases of common stock | 925,034 | 550,026 | 700,134 | 1,050,091 |
| Net cash provided by (used for) financing activities | -948,975 | 1,239,241 | -803,573 | -657,049 |
| Effect of exchange rate changes on cash and cash equivalents | 38,004 | -26,796 | -7,527 | -52,826 |
| Increase in cash and cash equivalents | 357,287 | 1,635,878 | 125,827 | -206,615 |
CADENCE DESIGN SYSTEMS INC (CDNS)
CADENCE DESIGN SYSTEMS INC (CDNS)