Cadence design systems, inc. (CDNS)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

123,988

659,675

101,514

107,235

120,555

98,425

99,318

75,149

72,885

-14,442

81,157

69,127

68,259

38,477

64,712

49,335

50,562

80,374

77,624

58,160

36,259

65,030

37,535

23,263

33,070

37,705

38,500

9,429

78,609

313,874

58,584

36,386

31,104

10,892

28,106

26,908

6,323

-37,037

126,753

48,607

-11,785

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

33,321

31,389

30,203

31,457

29,740

29,718

29,721

29,893

29,389

28,919

28,301

29,410

28,894

29,862

26,967

31,528

31,231

30,159

29,043

29,530

29,433

31,338

30,687

27,592

26,017

25,627

25,704

25,295

21,682

22,046

23,435

21,797

21,939

22,714

22,651

23,376

22,907

23,540

23,462

19,868

21,465

Amortization of debt discount and fees

254

254

250

250

247

246

364

294

292

291

287

283

350

277

265

272

255

217

214

3,026

5,945

5,666

5,049

4,932

4,882

6,282

6,477

6,344

6,281

6,033

5,951

5,795

5,734

7,198

7,481

7,324

7,263

7,021

7,030

5,778

5,523

Stock-based compensation

46,482

46,758

48,279

44,257

42,253

42,594

46,264

40,956

37,901

36,015

36,090

30,482

27,436

29,231

29,998

25,356

24,632

24,660

24,117

21,703

21,861

22,974

22,877

19,077

18,864

18,798

18,566

15,111

13,810

13,276

12,399

10,361

11,525

11,999

11,891

10,341

9,357

10,643

12,010

10,435

10,372

Loss from equity method investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-32

-46

-27

(Gain) loss on investments, net

-3,215

-1,435

-2,396

-2,905

2,646

1,830

-639

545

996

-3,048

10,419

855

1,228

655

805

648

2,617

690

-156

320

1,270

1,505

-1,926

1,477

3,651

1,276

1,558

1,471

1,006

4,098

-1,947

2,220

1,949

-3,483

5,544

9,229

4,447

851

-1,802

1,344

5,591

Non-cash restructuring and other charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66

71

65

3,814

56

91

125

Impairment of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

64

263

164

Deferred income taxes

3,904

-565,800

-2,779

-3,193

-4,966

-8,455

-4,885

301

1,363

79,722

-4,601

2,823

1,990

-13,526

-1,595

8,629

1,623

-14,861

-5,384

5,233

1,864

-6,485

14,185

2,533

2,245

4,059

-2,012

-13,108

8,695

-226,317

-14,566

236

223

-3,070

70

-4,876

65

6,426

-1,351

-67,560

-1,706

Recoveries on receivables

-77

990

28

-203

-183

312

3,775

349

666

1,124

1,499

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-711

-688

-5,197

-3,759

-361

-10,385

-2,593

ROU asset amortization and change in operating lease liabilities

706

-3,723

1,781

1,163

1,341

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash items

-183

-231

-37

-38

-122

-2,733

-7

-37

170

3,110

-1,606

-798

-1,359

-2,158

-1,119

-541

-209

-715

1,211

-213

-929

-633

-2,527

-1,350

-2,344

-1,749

-1,750

-1,440

1,007

48

-14

-2,818

-746

253

-1,171

-2,030

-488

-3,026

-1,137

2,309

815

Changes in operating assets and liabilities, net of effect of acquired businesses:
Receivables

-26,475

31,271

37,323

-28,195

-35,681

58,612

25,865

-8,382

10,988

21,493

15,881

-28,817

22,475

6,480

-6,405

15,150

-11,618

34,632

2,022

-4,372

12,450

16,067

7,194

-5,444

108

5,801

6,527

14,933

-23,652

-21,354

-7,763

43,659

-60,172

-

-

-

-

-115,797

19,038

1,395

23,989

Current and long-term receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-37,642

-

-27,339

-12,710

-57,769

Inventories

5,260

-10,757

18,092

15,071

10,618

-2,207

3,387

173

-2,105

-2,752

253

3,465

-6,000

-21,273

6,043

6,582

3,714

-741

-4,382

7,925

-1,682

-4,088

3,530

2,893

9,373

4,589

7,333

1,693

979

1,691

-6,437

-653

154

-2,947

2,780

2,971

4,016

10,523

5,082

4,876

6,047

Prepaid expenses and other

4,964

49,734

-5,648

-17,437

-15,618

21,640

11,276

-4,902

-8,392

21,166

3,070

-2,220

3,777

-5,232

3,445

-1,442

10,132

-11,071

4,415

-1,968

10,004

2,493

-13,594

3,849

9,753

-3,441

-411

-27,615

1,099

13,973

-1,133

-5,959

5,545

-335

-17,749

-7,425

5,456

-1,436

10,050

12,260

1,518

Other assets

8,344

11,565

-1,007

2,012

-4,559

16,462

3,171

2,998

-8,025

12,282

5,679

5,133

3,657

2,744

-4,887

5,114

3,595

1,858

817

2,510

-3,627

3,940

36,968

4,430

-3,157

-44,121

1,377

49,422

-4,148

1,801

2,932

-408

577

5,938

-2,239

183

-1,662

-3,208

-3,999

4,141

-5,538

Accounts payable and accrued liabilities

-84,839

37,916

30,669

6,591

-41,261

43,271

-29,886

35,124

-46,956

15,140

-19,132

24,164

-46,159

49,240

-32,573

28,545

-42,557

43,475

-7,501

24,101

-44,754

19,479

-2,073

16,130

-29,680

23,450

8,254

21,026

-11,003

19,237

2,980

14,888

-19,582

24,882

-23,182

-27,969

-20,681

56,973

-2,718

5,101

925

Deferred revenue

86,914

34,466

-26,675

24,158

-4,451

23,326

5,703

11,813

59,854

19,369

-4,488

-15,592

34,325

41,565

-3,411

-38,122

30,710

-17,812

-15,034

-10,985

16,812

15,371

-3,491

-18,232

-5,508

7,980

18,885

-7,711

-16,648

-31,432

-10,784

11,869

-39,315

-33,653

-5,734

10,372

15,607

17,302

13,347

28,069

3,813

Other long-term liabilities

-4,239

-2,482

1,587

3,153

-577

-3,949

2,633

1,782

-4,115

12,969

3,897

-939

1,113

3,085

-1,539

334

-5,034

1,292

-12,245

-4,812

-3,246

-2,022

12,568

-575

-4,408

-42,382

-1,530

56,973

-49,799

-20,584

-431

2,188

-3,612

-739

-240

589

-5,217

-37,788

-128,930

10,861

-6,604

Net cash provided by operating activities

217,719

159,296

138,530

246,360

185,414

131,884

109,954

205,266

157,647

126,856

89,314

162,140

92,430

196,862

84,460

80,366

83,191

122,851

86,907

121,754

46,688

132,067

87,692

68,865

28,098

119,164

98,210

74,895

75,336

95,876

91,930

67,479

60,709

62,137

52,427

69,413

56,365

57,014

46,428

48,998

46,703

Cash flows from investing activities:
Purchases of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

20,525

15,231

21,784

26,355

33,161

25,773

20,902

30,485

47,005

27,702

20,295

39,423

24,282

19,906

52,165

49,083

0

-

-

-

-

-

-

-

-

Proceeds from the sale of marketable investments

-

-

-

-

-

-

-

-

-

412

232

82

107

201

250

54,168

1,000

10,143

13,220

17,035

20,551

15,472

15,311

22,015

32,586

18,607

12,157

31,872

14,985

12,402

5,800

136

0

-

-

-

1,497

-

-

-

-

Proceeds from the maturity of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

5,400

26,247

7,115

19,000

5,766

9,950

5,250

10,350

14,210

8,603

9,894

13,905

8,200

14,790

7,016

8,700

2,650

1,500

0

0

-

-

-

-

-

-

-

-

Purchases of non-marketable investments

0

0

0

53

33,664

115,839

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of non-marketable investments

0

0

0

0

2,952

3,497

0

0

0

-

-

-

-

4

330

0

2,583

60

2,217

929

1,364

1,085

0

0

0

34

98

0

6,102

30

0

0

44

4,967

2,039

108

2,677

0

143

1,169

8,964

Purchases of property, plant and equipment

22,179

27,078

16,965

15,287

15,275

19,742

10,656

17,977

13,128

18,225

12,188

12,645

14,843

11,260

14,165

16,171

12,116

10,715

10,026

16,547

7,520

11,852

10,243

11,463

6,252

8,979

12,211

17,170

6,569

10,034

7,663

10,068

8,201

13,718

6,391

6,131

5,181

5,842

10,175

8,866

9,899

Purchases of software licenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

189

2,030

487

Cash paid in business combinations, net of cash acquired

193,820

0

0

338

0

-

-

-

-

-

-

-

-

0

0

37,774

3,853

0

0

0

0

-127

3,563

136,263

27,422

0

686

391,382

757

0

65,391

0

1,041

0

21,187

20,327

2,538

-

-

-

-

Investment in venture capital partnerships and equity investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

250

0

0

0

608

-

-

-

-

Net cash used for investing activities

-215,999

-27,078

-16,965

-15,678

-45,987

-132,084

-10,656

-17,977

-13,128

-160,512

-3,398

-12,563

-14,736

-5,214

13,144

7,338

-13,911

-9,977

-6,423

-19,688

-8,416

-6,731

-10,794

-146,302

-34,188

-9,840

-6,147

-409,087

-1,821

-14,858

-117,919

-59,015

-9,448

-8,546

-25,539

-18,259

-4,153

-5,525

-13,987

-264,178

-1,422

Cash flows from financing activities:
Proceeds from revolving credit facility

350,000

0

0

100,000

50,000

100,000

0

0

0

85,000

0

0

50,000

65,000

0

0

50,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment on revolving credit facility

0

0

0

150,000

100,000

0

0

45,000

40,000

0

0

50,000

50,000

65,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

300,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

296,137

53,862

0

1

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of convertible notes embedded conversion derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

453,504

77,139

0

1

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from convertible notes hedges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

453,504

77,139

0

1

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on receivable financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,052

0

0

-2,526

8,683

0

-2,907

0

-3,013

0

0

-2,829

0

-1,821

0

-1,719

Payment of debt issuance costs

-

-

-

-

-

-

-

-

-

0

0

0

793

0

0

80

542

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of acquisition-related contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,835

0

95

0

582

0

0

0

39

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,349

6,843

3,615

6,482

1,797

3,144

815

1,827

-460

2,194

2,024

5,276

271

1,715

1,233

2,842

2,652

1,930

807

160

166

-9,683

29

30

Proceeds from issuance of common stock

33,312

3,715

16,272

2,997

29,858

2,718

12,534

2,317

23,339

3,546

15,452

7,252

22,715

5,147

13,997

12,096

24,200

15,490

21,281

13,558

24,609

11,196

18,235

13,105

23,377

1,966

10,464

8,426

21,801

3,932

15,692

302

12,761

2,720

6,692

1,405

8,897

374

5,150

75

8,044

Stock received for payment of employee taxes on vesting of restricted stock

37,528

15,564

29,318

12,876

32,822

10,302

29,494

3,610

26,515

3,031

28,311

3,349

22,470

1,694

18,042

2,265

15,225

1,856

15,981

1,700

14,114

1,079

11,356

1,311

10,981

39,601

-7,703

-2,983

-8,775

29,185

-3,560

-3,724

-6,173

-4,299

-2,537

-4,535

-2,854

-3,065

-1,761

-2,035

-2,079

Payments for repurchases of common stock

100,022

75,017

75,011

75,006

81,114

100,023

50,011

50,012

50,013

50,012

50,013

0

0

240,093

240,096

240,100

240,000

120,054

120,059

56,279

36,797

37,542

37,543

12,515

12,517

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in book overdraft

-

-

-

-

-

0

0

0

-3,867

3,867

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used for) financing activities

245,762

-86,866

-88,057

-134,885

-134,078

-7,607

-366,971

-96,305

-97,056

39,370

-62,872

-46,097

-548

-236,640

-244,141

-230,349

118,433

-107,769

-107,916

-336,943

-73,682

316,843

-127,843

100,094

-129

-193,734

-45,218

107,467

15,194

-2,309

13,847

-5,096

9,391

-151,940

6,085

-2,323

3,374

-7,821

-8,734

72,217

4,276

Effect of exchange rate changes on cash and cash equivalents

-6,407

4,642

-11,707

-1,280

251

-3,480

-7,282

-18,412

11,418

4,089

-758

8,390

1,750

-14,109

1,297

1,818

6,001

-4,510

-4,328

-5,008

-9,015

-10,501

-5,988

1,998

2,720

267

-3,675

-6,194

-4,914

-1,451

-417

-1,397

-2,567

3,850

-2,189

4,278

-787

4,706

9,725

-737

631

Increase in cash and cash equivalents

241,075

49,994

21,801

94,517

5,600

-11,287

-274,955

72,572

58,881

9,803

22,286

111,870

78,896

-59,101

-145,240

-140,827

193,714

595

-31,760

-239,885

-44,425

431,678

-56,933

24,655

-3,499

-84,143

43,170

-232,919

83,795

77,258

-12,559

1,971

58,085

-94,499

30,784

53,109

54,799

48,374

33,432

-143,700

50,188

Supplemental cash flow information:
Cash paid for interest

134

7,790

0

8,728

1,324

7,658

2,195

10,449

2,716

9,972

2,076

9,893

2,219

9,786

1,815

9,314

109

7,784

128

11,881

125

4,850

282

4,719

112

5,891

244

6,111

183

5,677

0

5,677

0

-

-

-

-

-

-

-

-

Cash paid for taxes, net

9,269

16,507

7,731

10,816

6,892

38,182

12,051

11,782

6,025

19,051

12,785

17,469

9,767

9,491

13,602

8,931

4,799

5,564

7,557

5,505

10,868

5,043

11,179

4,838

5,393

-8,365

-1,317

6,619

-21

6,156

2,680

5,102

4,699

-

-

-

-

-

-

-

-

Non-cash investing and financing activities:
Available-for-sale securities received from customer

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

0

23

209

0

5

0

15

-

-

-

-

-

-

-

-

Receivables related to sales of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

122

-

-

-

-

-

-

-

-