Cadence Design Systems, Inc.
Income Statement
| Line Item | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Oct 2022 | Jul 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $1.07B | $1.02B | $976.6M | $1.02B | $899.9M | $902.6M | $857.5M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $379.0M | — | $369.6M | $354.4M | $350.3M | — | $323.6M | $286.6M |
| SG&A Expense | $68.7M | $75.7M | $58.6M | $54.6M | $53.5M | $68.1M | $73.7M | $51.4M |
| Operating Income | $250.0M | $336.5M | $292.9M | $299.3M | $322.5M | $211.1M | $260.8M | $282.9M |
| Operating Margin | 24.8% | 31.5% | 28.6% | 30.7% | 31.6% | 23.5% | 28.9% | 33.0% |
| Interest Expense | $8.7M | $9.0M | $9.1M | $8.9M | $9.3M | $9.1M | $5.5M | $4.3M |
| Pretax Income | $310.0M | $362.1M | $300.0M | $298.4M | $321.5M | $210.5M | $252.3M | $272.6M |
| Income Tax Expense | $62.4M | $38.2M | $45.6M | $77.3M | $79.7M | $-29.9M | $66.0M | $85.7M |
| Net Income | $247.6M | $323.9M | $254.3M | $221.1M | $241.8M | $240.4M | $186.3M | $186.9M |
| Net Margin | 24.5% | 30.3% | 24.9% | 22.6% | 23.7% | 26.7% | 20.6% | 21.8% |
| EPS (Basic) | $0.92 | $1.20 | $0.94 | $0.82 | $0.90 | $0.89 | $0.69 | $0.69 |
| EPS (Diluted) | $0.91 | $1.19 | $0.93 | $0.81 | $0.89 | $0.88 | $0.68 | $0.68 |
| Shares Outstanding (Basic) | 269.6M | 269.4M | 269.2M | 269.7M | 269.5M | 271.2M | 271.1M | 271.5M |
| Shares Outstanding (Diluted) | 273.5M | 272.7M | 272.4M | 273.0M | 273.2M | 275.0M | 275.0M | 275.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |