Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

Cadence Design Systems, Inc.

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Assets	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Cash and Cash Equivalents	2,753.2	2,822.8	2,777.7	2,644	2,786	1,059
Cash and Cash Equivalents
Short-Term Investments	—	—	—	—	—	—
Short-Term Investments
Total Cash and Cash Equivalents	2,753.2	2,822.8	2,777.7	2,644	2,786	1,059
Accounts Receivable	755.3	670.2	580.9	680.5	561	564.9
Receivables, Net
Total Trade Receivables	755.3	670.2	580.9	680.5	561	564.9
Inventories	286.2	226.2	225.6	257.7	293.4	171.5
Inventories
Other Current Assets	492.3	503.5	413.9	433.9	459.6	401.1
2015 Notes Hedges
Prepaid Expenses and Other
Total Current Assets	4,287	4,222.5	3,998.1	4,016.1	4,099.9	2,196.4
Total Current Assets
Net Property, Plant & Equipment	494.7	482.1	466.3	458.2	448.7	449.4
Property, Plant and Equipment, Net
Net Intangible Assets	672.5	619	584.2	594.7	662.3	664
Acquired Intangibles, Net
Goodwill	2,644.9	2,599.8	2,419.7	2,378.7	2,493.5	2,417.7
Goodwill
Other Long-Term Assets	1,500.1	1,585.3	1,545.1	1,526.8	1,462.6	1,498.1
Long-Term Receivables
Deferred Taxes
Other Assets
Total Assets	9,599.3	9,508.7	9,013.5	8,974.5	9,167	7,225.7
Total Assets

Liabilities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Accounts Payable	631.3	766.6	570.2	632.7	627.2	505.4
Accounts Payable and Accrued Liabilities
Short-Term Debt	—	—	—	—	—	—
Convertible Notes
Revolving Credit Facility
Current Portion of Long-Term Debt	—	—	—	—	350	349.7
Current Portion of Long-Term Debt
Unearned Revenue	775.3	729.9	730.6	737.4	697.8	678.6
Current Portion of Deferred Revenue
Other Current Liabilities	—	—	—	—	—	—
2015 Notes Embedded Conversion Derivative
Total Current Liabilities	1,406.6	1,496.6	1,300.8	1,370.1	1,675	1,533.7
Total Current Liabilities
Long-Term Debt	2,479.1	2,478.1	2,477.2	2,476.2	2,475.2	998.9
Long-Term Debt
Other Long-Term Liabilities	514.6	527.5	459.3	454.6	453.5	432.2
Long-Term Portion of Deferred Revenue
Other Long-Term Liabilities
Total Long-Term Liabilities	2,993.7	3,005.6	2,936.5	2,930.8	2,928.7	1,431.1
Total Long-Term Liabilities
Total Liabilities	4,400.3	4,502.2	4,237.2	4,300.9	4,603.7	2,964.8

Equity	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Treasury Stock	-6,126.1	-5,888.8	-5,693.2	-5,309.6	-5,142	-4,972
Treasury Stock, at Cost
Additional Paid-in Capital	4,605.2	4,445.9	4,327.2	4,181.7	4,067.6	3,928.5
Common Stock and Capital in Excess of Par Value
Accumulated Other Comprehensive Income	7.3	24	-123.2	-190.4	-13.9	-109.2
Accumulated Other Comprehensive Income
Retained Earnings	6,712.6	6,425.5	6,265.4	5,991.9	5,651.7	5,413.5
Retained Earnings
Total Common Shareholders' Equity	5,199	5,006.5	4,776.3	4,673.6	4,563.3	4,260.9
Total Shareholders' Equity	5,199	5,006.5	4,776.3	4,673.6	4,563.3	4,260.9
Total Stockholders' Equity
Total Liabilities and Shareholders' Equity	9,599.3	9,508.7	9,013.5	8,974.5	9,167	7,225.7
Total Liabilities and Stockholders' Equity