Cadence design systems, inc. (CDNS)
CashFlow / TTM
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

992,412

988,979

427,729

425,533

393,447

345,777

232,910

214,749

208,727

204,101

257,020

240,575

220,783

203,086

244,983

257,895

266,720

252,417

237,073

196,984

162,087

158,898

131,573

132,538

118,704

164,243

440,412

460,496

487,453

439,948

136,966

106,488

97,010

72,229

24,300

122,947

144,646

126,538

0

0

0

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

126,370

122,789

121,118

120,636

119,072

118,721

117,922

116,502

116,019

115,524

116,467

115,133

117,251

119,588

119,885

121,961

119,963

118,165

119,344

120,988

119,050

115,634

109,923

104,940

102,643

98,308

94,727

92,458

88,960

89,217

89,885

89,101

90,680

91,648

92,474

93,285

89,777

88,335

0

0

0

Amortization of debt discount and fees

1,008

1,001

993

1,107

1,151

1,196

1,241

1,164

1,153

1,211

1,197

1,175

1,164

1,069

1,009

958

3,712

9,402

14,851

19,686

21,592

20,529

21,145

22,573

23,985

25,384

25,135

24,609

24,060

23,513

24,678

26,208

27,737

29,266

29,089

28,638

27,092

25,352

0

0

0

Stock-based compensation

185,776

181,547

177,383

175,368

172,067

167,715

161,136

150,962

140,488

130,023

123,239

117,147

112,021

109,217

104,646

98,765

95,112

92,341

90,655

89,415

86,789

83,792

79,616

75,305

71,339

66,285

60,763

54,596

49,846

47,561

46,284

45,776

45,756

43,588

42,232

42,351

42,445

43,460

0

0

0

Loss from equity method investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

(Gain) loss on investments, net

-9,951

-4,090

-825

932

4,382

2,732

-2,146

8,912

9,222

9,454

13,157

3,543

3,336

4,725

4,760

3,799

3,471

2,124

2,939

1,169

2,326

4,707

4,478

7,962

7,956

5,311

8,133

4,628

5,377

6,320

-1,261

6,230

13,239

15,737

20,071

12,725

4,840

5,984

0

0

0

Non-cash restructuring and other charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,016

4,006

4,026

4,086

0

0

0

Impairment of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

491

0

0

0

Deferred income taxes

-567,868

-576,738

-19,393

-21,499

-18,005

-11,676

76,501

76,785

79,307

79,934

-13,314

-10,308

-4,502

-4,869

-6,204

-9,993

-13,389

-13,148

-4,772

14,797

12,097

12,478

23,022

6,825

-8,816

-2,366

-232,742

-245,296

-231,952

-240,424

-17,177

-2,541

-7,653

-7,811

1,685

264

-62,420

-64,191

0

0

0

Recoveries on receivables

738

632

-46

3,701

4,253

5,102

5,914

3,638

3,289

2,623

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,399

-6,596

-10,355

-10,005

-19,702

-17,098

0

0

0

ROU asset amortization and change in operating lease liabilities

-73

562

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash items

-489

-428

-2,930

-2,900

-2,899

-2,607

3,236

1,637

876

-653

-5,921

-5,434

-5,177

-4,027

-2,584

-254

74

-646

-564

-4,302

-5,439

-6,854

-7,970

-7,193

-7,283

-3,932

-2,135

-399

-1,777

-3,530

-3,325

-4,482

-3,694

-3,436

-6,715

-6,681

-2,342

-1,039

0

0

0

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

13,924

4,718

32,059

20,601

40,414

87,083

49,964

39,980

19,545

31,032

16,019

-6,267

37,700

3,607

31,759

40,186

20,664

44,732

26,167

31,339

30,267

17,925

7,659

6,992

27,369

3,609

-23,546

-37,836

-9,110

-45,630

0

0

0

-

-

-

-

-71,375

0

0

0

Current and long-term receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Inventories

27,666

33,024

41,574

26,869

11,971

-752

-1,297

-4,431

-1,139

-5,034

-23,555

-17,765

-14,648

-4,934

15,598

5,173

6,516

1,120

-2,227

5,685

653

11,708

20,385

24,188

22,988

14,594

11,696

-2,074

-4,420

-5,245

-9,883

-666

2,958

6,820

20,290

22,592

24,497

26,528

0

0

0

Prepaid expenses and other

31,613

11,031

-17,063

-139

12,396

19,622

19,148

10,942

13,624

25,793

-605

-230

548

6,903

1,064

2,034

1,508

1,380

14,944

-3,065

2,752

2,501

-3,433

9,750

-21,714

-30,368

-12,954

-13,676

7,980

12,426

-1,882

-18,498

-19,964

-20,053

-21,154

6,645

26,330

22,392

0

0

0

Other assets

20,914

8,011

12,908

17,086

18,072

14,606

10,426

12,934

15,069

26,751

17,213

6,647

6,628

6,566

5,680

11,384

8,780

1,558

3,640

39,791

41,711

42,181

-5,880

-41,471

3,521

2,530

48,452

50,007

177

4,902

9,039

3,868

4,459

2,220

-6,926

-8,686

-4,728

-8,604

0

0

0

Accounts payable and accrued liabilities

-9,663

33,915

39,270

-21,285

7,248

1,553

-26,578

-15,824

-26,784

-25,987

8,113

-5,328

-947

2,655

-3,110

21,962

17,518

15,321

-8,675

-3,247

-11,218

3,856

7,827

18,154

23,050

41,727

37,514

32,240

26,102

17,523

23,168

-2,994

-45,851

-46,950

-14,859

5,605

38,675

60,281

0

0

0

Deferred revenue

118,863

27,498

16,358

48,736

36,391

100,696

96,739

86,548

59,143

33,614

55,810

56,887

34,357

30,742

-28,635

-40,258

-13,121

-27,019

6,164

17,707

10,460

-11,860

-19,251

3,125

13,646

2,506

-36,906

-66,575

-46,995

-69,662

-71,883

-66,833

-68,330

-13,408

37,547

56,628

74,325

62,531

0

0

0

Other long-term liabilities

-1,981

1,681

214

1,260

-111

-3,649

13,269

14,533

11,812

17,040

7,156

1,720

2,993

-3,154

-4,947

-15,653

-20,799

-19,011

-22,325

2,488

6,725

5,563

-34,797

-48,895

8,653

-36,738

-14,940

-13,841

-68,626

-22,439

-2,594

-2,403

-4,002

-5,607

-42,656

-171,346

-161,074

-162,461

0

0

0

Net cash provided by operating activities

761,905

729,600

702,188

673,612

632,518

604,751

599,723

579,083

535,957

470,740

540,746

535,892

454,118

444,879

370,868

373,315

414,703

378,200

387,416

388,201

335,312

316,722

303,819

314,337

320,367

367,605

344,317

338,037

330,621

315,994

282,255

242,752

244,686

240,342

235,219

229,220

208,805

199,143

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

20,525

35,756

57,540

83,895

96,531

107,073

106,191

110,321

124,165

126,094

125,487

134,425

111,702

103,906

135,776

145,436

121,154

0

0

0

-

-

-

-

-

-

-

-

Proceeds from the sale of marketable investments

-

-

-

-

-

-

-

-

-

833

622

640

54,726

55,619

65,561

78,531

41,398

60,949

66,278

68,369

73,349

85,384

88,519

85,365

95,222

77,621

71,416

65,059

33,323

18,338

0

0

0

-

-

-

0

-

-

-

-

Proceeds from the maturity of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

57,762

58,128

41,831

39,966

31,316

39,760

38,413

43,057

46,612

40,602

46,789

43,911

38,706

33,156

19,866

12,850

4,150

0

0

0

-

-

-

-

-

-

-

-

Purchases of non-marketable investments

53

33,717

149,556

149,556

149,503

115,839

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of non-marketable investments

0

2,952

6,449

6,449

6,449

3,497

0

0

0

-

-

-

-

2,917

2,973

4,860

5,789

4,570

5,595

3,378

2,449

1,085

34

132

132

6,234

6,230

6,132

6,132

74

5,011

7,050

7,158

9,791

4,824

2,928

3,989

10,276

0

0

0

Purchases of property, plant and equipment

81,509

74,605

67,269

60,960

63,650

61,503

59,986

61,518

56,186

57,901

50,936

52,913

56,439

53,712

53,167

49,028

49,404

44,808

45,945

46,162

41,078

39,810

36,937

38,905

44,612

44,929

45,984

41,436

34,334

35,966

39,650

38,378

34,441

31,421

23,545

27,329

30,064

34,782

0

0

0

Purchases of software licenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Cash paid in business combinations, net of cash acquired

194,158

338

0

0

0

-

-

-

-

-

-

-

-

41,627

41,627

41,627

3,853

0

-127

3,436

139,699

167,121

167,248

164,371

419,490

392,825

392,825

457,530

66,148

66,432

66,432

22,228

42,555

44,052

0

0

0

-

-

-

-

Investment in venture capital partnerships and equity investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250

250

250

250

608

0

0

0

-

-

-

-

Net cash used for investing activities

-275,720

-105,708

-210,714

-204,405

-206,704

-173,845

-202,273

-195,015

-189,601

-191,209

-35,911

-19,369

532

1,357

-3,406

-22,973

-49,999

-44,504

-41,258

-45,629

-172,243

-198,015

-201,124

-196,477

-459,262

-426,895

-431,913

-543,685

-193,613

-201,240

-194,928

-102,548

-61,792

-56,497

-53,476

-41,924

-287,843

-285,112

0

0

0

Cash flows from financing activities:
Proceeds from revolving credit facility

450,000

150,000

250,000

250,000

150,000

100,000

85,000

85,000

85,000

135,000

115,000

115,000

115,000

115,000

50,000

50,000

50,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment on revolving credit facility

150,000

250,000

250,000

250,000

145,000

85,000

85,000

85,000

90,000

100,000

165,000

165,000

115,000

65,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

300,000

300,000

300,000

300,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

349,999

349,999

350,000

53,863

1

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of convertible notes embedded conversion derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

530,643

530,643

530,644

77,140

1

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from convertible notes hedges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

530,643

530,643

530,644

77,140

1

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on receivable financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,526

6,157

6,157

3,250

5,776

-5,920

-5,920

-3,013

-5,842

-2,829

-4,650

-4,650

-3,540

0

0

0

Payment of debt issuance costs

-

-

-

-

-

-

-

-

-

793

793

793

873

622

622

622

542

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of acquisition-related contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,835

1,835

1,930

1,930

677

677

582

582

39

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,591

18,737

15,038

12,238

7,583

5,326

4,376

5,585

9,034

9,765

9,286

8,495

6,061

8,442

8,657

8,231

5,549

3,063

-8,550

-9,328

-9,458

0

0

0

Proceeds from issuance of common stock

56,296

52,842

51,845

48,107

47,427

40,908

41,736

44,654

49,589

48,965

50,566

49,111

53,955

55,440

65,783

73,067

74,529

74,938

70,644

67,598

67,145

65,913

56,683

48,912

44,233

42,657

44,623

49,851

41,727

32,687

31,475

22,475

23,578

19,714

17,368

15,826

14,496

13,643

0

0

0

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

95,286

90,580

85,318

85,494

76,228

69,921

62,650

61,467

61,206

57,161

55,824

45,555

44,471

37,226

37,388

35,327

34,762

33,651

32,874

28,249

27,860

24,727

63,249

44,190

39,896

20,140

9,724

13,867

13,126

15,728

-17,756

-16,733

-17,544

-14,225

-12,991

-12,215

-9,715

-8,940

0

0

0

Payments for repurchases of common stock

325,056

306,148

331,154

306,154

281,160

250,059

200,048

200,050

150,038

100,025

290,106

480,189

720,289

960,289

840,250

720,213

536,392

333,189

250,677

168,161

124,397

100,117

62,575

25,032

12,517

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in book overdraft

-

-

-

-

-

-3,867

0

0

0

3,867

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used for) financing activities

-64,046

-443,886

-364,627

-643,541

-604,961

-567,939

-520,962

-216,863

-166,655

-70,147

-346,157

-527,426

-711,678

-592,697

-463,826

-327,601

-434,195

-626,310

-201,698

-221,625

215,412

288,965

-221,612

-138,987

-131,614

-116,291

75,134

134,199

21,636

15,833

-133,798

-141,560

-138,787

-144,804

-685

-15,504

59,036

59,938

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-14,752

-8,094

-16,216

-11,791

-28,923

-17,756

-10,187

-3,663

23,139

13,471

-4,727

-2,672

-9,244

-4,993

4,606

-1,019

-7,845

-22,861

-28,852

-30,512

-23,506

-11,771

-1,003

1,310

-6,882

-14,516

-16,234

-12,976

-8,179

-5,832

-531

-2,303

3,372

5,152

6,008

17,922

12,907

14,325

0

0

0

Increase in cash and cash equivalents

407,387

171,912

110,631

-186,125

-208,070

-154,789

-133,699

163,542

202,840

222,855

153,951

-13,575

-266,272

-151,454

-91,758

21,722

-77,336

-315,475

115,608

90,435

354,975

395,901

-119,920

-19,817

-277,391

-190,097

-28,696

-84,425

150,465

124,755

-47,002

-3,659

47,479

44,193

187,066

189,714

-7,095

-11,706

0

0

0

Supplemental cash flow information:
Cash paid for interest

16,652

17,842

17,710

19,905

21,626

23,018

25,332

25,213

24,657

24,160

23,974

23,713

23,134

21,024

19,022

17,335

19,902

19,918

16,984

17,138

9,976

9,963

11,004

10,966

12,358

12,429

12,215

11,971

11,537

11,354

0

0

0

-

-

-

-

-

-

-

-

Cash paid for taxes, net

44,323

41,946

63,621

67,941

68,907

68,040

48,909

49,643

55,330

59,072

49,512

50,329

41,791

36,823

32,896

26,851

23,425

29,494

28,973

32,595

31,928

26,453

13,045

549

2,330

-3,084

11,437

15,434

13,917

18,637

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

240

232

237

214

20

0

0

0

-

-

-

-

-

-

-

-

Receivables related to sales of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-