Cadence Design Systems Inc
NASDAQ: CDNS · TECHNOLOGY · SOFTWARE - APPLICATION
Updated 2026-06-12
Cadence Design Systems Inc (CDNS) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $421.22M | $402.44M | $70.29M | $25.64M | $199.14M | $240.34M | $315.99M | $367.61M | $316.72M | $378.20M | $444.88M | $470.74M | $604.75M | $729.60M | $904.92M | $1.10B | $1.24B | $1.35B | $1.26B | $1.73B |
| Capital expenditures | $76.05M | $83.80M | $99.68M | $42.08M | $37.49M | $31.42M | $35.97M | $44.93M | $39.81M | $44.81M | $53.71M | $57.90M | $61.50M | $74.61M | $94.81M | $66.88M | $124.22M | $102.50M | $142.54M | $141.87M |
| Depreciation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based comp | $148.88M | $186.65M | $81.27M | $54.71M | $43.46M | $43.59M | $47.56M | $66.28M | $83.79M | $92.34M | $109.22M | $130.02M | $167.72M | $181.55M | $197.27M | $210.09M | $270.44M | $325.61M | $391.22M | $455.18M |
| Free cash flow | $345.17M | $318.64M | $-29.39M | $-16.45M | $161.66M | $208.92M | $280.03M | $322.68M | $276.91M | $333.39M | $391.17M | $412.84M | $543.25M | $655.00M | $810.11M | $1.03B | $1.12B | $1.25B | $1.12B | $1.59B |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | $231.00M | — | $387.76M | $0.00 | $0.00 | $100.00M | $448.65M | $0.00 | $415.00M | $138.87M | $169.92M | $240.58M | $460.03M | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | $-11.71M | $44.19M | $124.75M | $-190.10M | $395.90M | $-315.48M | $-151.45M | $222.85M | $-154.79M | $171.91M | $223.22M | $160.51M | $-153.79M | — | — | — |
Frequently asked questions
What is Cadence Design Systems Inc's revenue?
Cadence Design Systems Inc's trailing twelve-month revenue is $5.53B, and consensus projects about $13.20B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is CDNS?
In its most recent fiscal year, CDNS ran a gross margin of 86.36%, an operating margin of 31.15%, and a net margin of 20.94%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does CDNS generate?
CDNS produced $1.59B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is CDNS's balance sheet healthy?
CDNS holds $3.00B in cash and equivalents against $2.48B in long-term debt, on $5.47B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.