CADENCE DESIGN SYSTEMS, INC. CDNS Income Statement

Cadence design systems, inc. (CDNS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues [Abstract]
Product
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	163,966	157,938	141,819	133,545	118,221	117,066	102,766	96,932	101,840
Maintenance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	99,389	95,855	96,478	89,705	95,768	84,740	93,252	92,521	80,281
Revenue from Contract with Customer, Excluding Assessed Tax
617,957	599,555	579,603	580,419	576,742	569,850	532,468	518,391	517,313	501,722	485,398	479,001	476,911	468,980	446,220	453,021	447,862	441,079	433,763	415,883	411,366	423,098	400,496	378,788	378,550	376,722	366,647	362,481	354,266	345,585	338,533	326,476	315,830	308,006	292,457	283,270	266,102	249,018	237,934	227,064	221,938	216,122	209,929
Costs and Expenses:
Cost of product
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,185	20,074	14,194	8,249	10,757	7,123	5,292	6,405	9,752
Cost of maintenance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,223	10,716	10,898	10,215	9,960	10,481	11,398	11,105	11,857
Marketing and sales
125,744	127,267	121,368	116,208	116,830	112,613	108,608	109,300	109,148	107,654	104,263	103,897	103,347	98,091	96,793	101,110	99,200	103,552	101,950	96,662	100,268	102,367	100,387	98,611	98,323	94,384	98,094	95,277	90,402	95,604	82,461	80,418	83,795	88,506	79,914	77,006	78,372	83,218	76,065	71,513	74,762	68,282	71,431
Research and development
241,668	235,372	240,542	231,814	228,210	218,271	223,231	219,129	224,185	203,468	206,568	195,901	198,286	181,516	191,547	182,371	179,906	161,970	154,627	157,974	162,996	155,124	148,744	152,672	146,466	135,465	138,078	136,395	124,084	118,382	115,078	112,031	108,594	97,024	103,154	99,268	101,299	97,828	97,275	91,880	89,430	88,049	90,653
General and administrative
33,592	42,093	33,204	34,407	30,102	31,985	33,247	34,875	33,299	33,289	36,302	32,774	31,816	29,977	30,441	36,388	28,300	26,789	28,084	27,467	27,642	26,939	25,894	32,042	28,744	29,481	27,582	34,441	29,810	27,712	26,350	30,244	27,770	24,143	24,041	25,377	19,302	21,421	25,081	17,058	22,834	28,732	34,240
Amortization of acquired intangibles
4,206	2,787	2,874	3,159	3,308	3,468	3,470	3,518	3,630	3,571	3,453	3,836	3,856	3,889	3,889	4,537	5,780	5,679	5,687	6,119	6,231	6,912	6,316	5,579	5,210	5,157	5,141	5,327	3,791	3,772	3,876	3,643	3,786	3,786	3,786	4,505	4,459	4,459	4,459	2,551	2,691	2,726	2,828
Restructuring Charges
-1,067	9,809	-186	-313	-689	13,699	-172	-447	-1,991	12,178	-55	-929	-1,788	26,342	101	-74	14,586	347	303	-498	4,359	-1,145	11,027	-26	396	15,405	86	2,656	-148	64	57	43	-51	83	-433	751	-41	13,225	-1,682	-317	-1,074	-175	18,528
Total costs and expenses
478,606	490,656	458,777	446,744	448,346	456,160	428,838	425,335	431,480	420,444	405,013	396,311	397,309	415,863	379,378	386,115	389,826	359,239	355,862	339,479	362,081	348,312	346,447	343,291	336,238	338,923	318,717	317,339	296,130	289,324	279,092	275,856	270,480	262,307	260,280	258,313	248,558	274,800	241,017	221,845	227,258	226,263	263,707
Income from operations
139,351	108,899	120,826	133,675	128,396	113,690	103,630	93,056	85,833	81,278	80,385	82,690	79,602	53,117	66,842	66,906	58,036	81,840	77,901	76,404	49,285	74,786	54,049	35,497	42,312	37,799	47,930	45,142	58,136	56,261	59,441	50,620	45,350	45,699	32,177	24,957	17,544	-25,782	-3,083	5,219	-5,320	-10,141	-53,778
Interest expense
4,637	4,222	4,240	4,976	5,391	4,318	5,177	6,669	6,975	6,712	6,225	6,248	6,479	6,364	6,053	5,896	5,357	4,200	4,177	8,180	11,754	11,961	7,523	7,369	7,268	9,208	9,583	9,528	9,262	8,902	8,737	8,566	8,537	10,441	10,830	10,768	10,986	10,464	10,476	7,972	7,431	7,278	7,266
Other income (expense), net
-4,534	748	122	-110	5,241	-735	1,106	3,638	-689	2,385	12,387	924	1,059	5,481	2,836	2,842	4,763	2,510	1,839	1,347	4,781	3,879	-417	1,635	3,382	842	2,535	2,018	2,175	5,369	-131	3,669	2,434	-2,033	7,244	8,394	4,469	2,574	-2,907	-3,100	5,974	2,917	-2,533
Income before provision for income taxes
130,180	105,425	116,708	128,589	128,246	108,637	99,559	90,025	78,169	76,951	86,547	77,366	74,182	52,234	63,625	63,852	57,442	80,150	75,563	69,571	42,312	66,704	46,109	29,763	38,426	29,433	40,882	37,632	51,049	52,728	50,573	45,723	39,247	33,225	28,591	22,583	11,027	-33,672	-16,466	-5,853	-6,777	-14,502	-63,577
Provision for income taxes
6,192	-554,250	15,194	21,354	7,691	10,212	241	14,876	5,284	91,393	5,390	8,239	5,923	13,757	-1,087	14,517	6,880	-224	-2,061	11,411	6,053	1,674	8,574	6,500	5,356	-8,272	2,382	28,203	-27,560	-261,146	-8,011	9,337	8,143	22,333	485	-4,325	4,704	3,365	-143,219	-54,460	5,008	-455	10,780
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	-14,047	-74,357
Net income per share – basic
0.45	2.42	0.37	0.39	0.44	0.36	0.36	0.27	0.27	-0.05	0.30	0.25	0.25	0.14	0.23	0.17	0.17	0.28	0.27	0.20	0.13	0.23	0.13	0.08	0.12	0.13	0.14	0.03	0.29	1.16	0.22	0.13	0.12	0.04	0.11	0.10	0.02	-0.15	0.49	0.19	-0.04	-0.05	-0.29
Net income per share – diluted
0.44	2.36	0.36	0.38	0.43	0.35	0.35	0.27	0.26	-0.06	0.29	0.25	0.25	0.13	0.23	0.17	0.17	0.25	0.25	0.19	0.12	0.21	0.12	0.08	0.11	0.13	0.13	0.03	0.27	1.12	0.21	0.13	0.11	0.05	0.10	0.10	0.02	-0.14	0.48	0.18	-0.04	-0.05	-0.29
Weighted average common shares outstanding – basic
273,476	273,402	273,329	273,159	273,066	273,863	273,716	273,564	273,773	273,172	273,156	271,887	270,173	272,580	280,622	288,191	296,615	297,434	284,818	285,297	284,523	283,975	284,462	283,344	281,615	280,125	278,977	277,146	274,936	272,887	271,350	269,739	267,940	266,121	264,723	263,191	261,533	259,782	258,606	262,163	262,597	259,193	256,883
Weighted average common shares outstanding – diluted
279,265	279,725	280,666	281,054	280,615	280,505	281,646	280,774	281,651	282,222	281,400	279,526	277,736	278,916	287,473	295,201	303,434	310,510	313,186	313,665	311,847	310,316	309,995	305,755	301,034	294,704	296,958	294,443	292,151	286,289	283,328	275,318	277,733	273,060	270,741	270,885	268,578	271,162	263,302	266,423	262,597	259,193	256,883
Product and maintenance [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
581,699	564,964	548,105	548,028	543,518	534,418	494,990	487,870	480,609	467,504	451,229	443,847	451,407	436,694	415,370	419,963	411,744	413,489	396,867	384,951	383,637	393,223	374,110	354,468	357,350	350,079	341,601	337,983	328,271	318,513	310,118	297,510	286,288	-	-	-	-	-	-	-	-	-	-
Cost of sales
55,446	53,521	41,715	43,388	50,522	54,748	36,406	40,127	41,730	39,305	34,825	38,829	43,717	57,410	38,740	42,960	44,181	40,679	41,206	31,715	42,059	39,475	36,954	37,707	42,197	41,757	32,546	28,095	29,847	24,437	34,461	32,406	27,212	-	-	-	-	-	-	-	-	-	-
Service [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
36,258	34,591	31,498	32,391	33,224	35,432	37,478	30,521	36,704	34,218	34,169	35,154	25,504	32,286	30,850	33,058	36,118	27,590	36,896	30,932	27,729	29,875	26,386	24,320	21,200	26,643	25,046	24,498	25,995	27,072	28,415	28,966	29,542	30,308	29,102	29,477	27,805	25,768	23,945	25,258	25,920	26,669	27,808
Cost of sales
19,017	19,807	19,260	18,081	20,063	21,376	24,048	18,833	21,479	20,979	19,657	22,003	18,075	18,638	17,867	18,823	17,873	20,223	24,005	20,040	18,526	18,640	17,125	16,706	14,902	17,274	17,190	15,148	18,344	19,353	16,809	17,071	19,374	20,397	20,410	20,616	20,075	20,385	19,102	21,556	21,925	21,139	24,418