Cadence Historical Income Statement
CDNS Stock | USD 284.04 1.15 0.40% |
Historical analysis of Cadence Design income statement accounts such as Interest Expense of 38 M, Selling General Administrative of 152.6 M or Total Revenue of 4.3 B can show how well Cadence Design Systems performed in making a profits. Evaluating Cadence Design income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Cadence Design's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Cadence Design Systems latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cadence Design Systems is a good buy for the upcoming year.
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About Cadence Income Statement Analysis
Cadence Design Systems Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Cadence Design shareholders. The income statement also shows Cadence investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Cadence Design Income Statement Chart
Cadence Design Systems Income Statement is one of the three primary financial statements used for reporting Cadence's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cadence Design Systems revenue and expense. Cadence Design Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Cadence Design's Total Operating Expenses is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 1.3 B in 2024, whereas Selling General Administrative is likely to drop slightly above 152.6 M in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Cadence Design Systems generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Cadence Design Systems minus its cost of goods sold. It is profit before Cadence Design operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Cadence Design Systems. It is also known as Cadence Design overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Cadence Design Systems income statement and represents the costs associated with goods and services Cadence Design provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Cadence Design's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cadence Design Systems current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cadence Design Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Cadence Design's Total Operating Expenses is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 1.3 B in 2024, whereas Selling General Administrative is likely to drop slightly above 152.6 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.7B | 3.2B | 3.6B | 3.8B | Total Revenue | 3.0B | 3.6B | 4.1B | 4.3B |
Cadence Design income statement Correlations
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Cadence Design Account Relationship Matchups
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Cadence Design income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 138.0M | 167.3M | 136.0M | 130.1M | 140.4M | 118.9M | |
Interest Expense | 18.8M | 20.7M | 17.0M | 22.9M | 36.2M | 38.0M | |
Selling General Administrative | 139.8M | 154.4M | 189.0M | 242.1M | 242.4M | 152.6M | |
Total Revenue | 2.3B | 2.7B | 3.0B | 3.6B | 4.1B | 4.3B | |
Gross Profit | 2.1B | 2.4B | 2.7B | 3.2B | 3.6B | 3.8B | |
Other Operating Expenses | 1.8B | 2.0B | 2.2B | 2.5B | 2.8B | 3.0B | |
Operating Income | 491.8M | 645.6M | 779.1M | 1.1B | 1.3B | 1.3B | |
Ebit | 491.8M | 645.6M | 779.1M | 1.1B | 1.3B | 1.3B | |
Ebitda | 629.8M | 812.8M | 915.1M | 1.2B | 1.4B | 1.5B | |
Cost Of Revenue | 266.4M | 305.5M | 307.0M | 371.6M | 453.2M | 475.9M | |
Total Operating Expenses | 1.6B | 1.7B | 1.9B | 2.1B | 2.4B | 2.5B | |
Income Before Tax | 479.0M | 632.7M | 768.4M | 1.0B | 1.3B | 1.3B | |
Total Other Income Expense Net | (12.8M) | (12.8M) | (10.7M) | (28.3M) | 7.6M | 8.0M | |
Net Income | 989.0M | 590.6M | 696.0M | 849.0M | 1.0B | 1.1B | |
Income Tax Expense | (510.0M) | 42.1M | 72.5M | 196.4M | 240.8M | 252.8M | |
Research Development | 935.9M | 1.0B | 1.1B | 1.3B | 1.4B | 1.5B | |
Net Income Applicable To Common Shares | 989.0M | 590.6M | 696.0M | 849.0M | 976.3M | 1.0B | |
Selling And Marketing Expenses | 481.7M | 516.5M | 560.3M | 604.2M | 690.3M | 463.2M | |
Net Income From Continuing Ops | 989.0M | 590.6M | 696.0M | 849.0M | 957.6M | 1.0B | |
Non Recurring | (8.6M) | 9.2M | (1.0M) | 55K | 49.5K | 47.0K | |
Non Operating Income Net Other | 6.0M | 7.9M | 6.3M | (5.4M) | (4.9M) | (4.6M) | |
Tax Provision | (510.0M) | 42.1M | 72.5M | 196.4M | 172.8M | 181.4M | |
Interest Income | 9.5M | 3.8M | 2.6M | 10.1M | 27.4M | 28.8M | |
Net Interest Income | (9.3M) | (16.9M) | (14.3M) | (12.8M) | (8.9M) | (9.3M) | |
Reconciled Depreciation | 123.4M | 150.1M | 130.7M | 135.4M | 142.2M | 144.0M |
Cadence Design Investors Sentiment
The influence of Cadence Design's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cadence. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cadence Design's public news can be used to forecast risks associated with an investment in Cadence. The trend in average sentiment can be used to explain how an investor holding Cadence can time the market purely based on public headlines and social activities around Cadence Design Systems. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cadence Design's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cadence Design's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cadence Design's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cadence Design.
Cadence Design Implied Volatility | 30.32 |
Cadence Design's implied volatility exposes the market's sentiment of Cadence Design Systems stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cadence Design's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cadence Design stock will not fluctuate a lot when Cadence Design's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cadence Design in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cadence Design's short interest history, or implied volatility extrapolated from Cadence Design options trading.
Pair Trading with Cadence Design
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cadence Design position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cadence Design will appreciate offsetting losses from the drop in the long position's value.Moving against Cadence Stock
0.77 | DTRK | DATATRAK International | PairCorr |
The ability to find closely correlated positions to Cadence Design could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cadence Design when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cadence Design - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cadence Design Systems to buy it.
The correlation of Cadence Design is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cadence Design moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cadence Design Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cadence Design can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cadence Design Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Cadence Stock analysis
When running Cadence Design's price analysis, check to measure Cadence Design's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cadence Design is operating at the current time. Most of Cadence Design's value examination focuses on studying past and present price action to predict the probability of Cadence Design's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cadence Design's price. Additionally, you may evaluate how the addition of Cadence Design to your portfolios can decrease your overall portfolio volatility.
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Is Cadence Design's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cadence Design. If investors know Cadence will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cadence Design listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.022 | Earnings Share 3.83 | Revenue Per Share 15.135 | Quarterly Revenue Growth (0.01) | Return On Assets 0.1386 |
The market value of Cadence Design Systems is measured differently than its book value, which is the value of Cadence that is recorded on the company's balance sheet. Investors also form their own opinion of Cadence Design's value that differs from its market value or its book value, called intrinsic value, which is Cadence Design's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cadence Design's market value can be influenced by many factors that don't directly affect Cadence Design's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cadence Design's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cadence Design is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cadence Design's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.