For more information, please contact:
Investors and Shareholders
Alan Lindstrom
Cadence Design Systems, Inc.
408-944-7100
Email Contact
Media and Industry Analysts
Mark Plungy
Cadence Design Systems, Inc.
408-944-7039
Email Contact
|
Cadence Design Systems, Inc. | ||||||||||
|
Condensed Consolidated Balance Sheets | ||||||||||
|
April 4, 2015 and January 3, 2015 | ||||||||||
|
(In thousands) | ||||||||||
|
(Unaudited) | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
April 4, 2015 |
|
January 3, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
| |||
|
|
Cash and cash equivalents |
|
|
|
$ 887,736 |
|
$ 932,161 | |||
|
|
Short-term investments |
|
|
|
92,640 |
|
90,445 | |||
|
|
Receivables, net |
|
|
|
|
133,924 |
|
122,492 | ||
|
|
Inventories |
|
|
|
|
54,450 |
|
56,394 | ||
|
|
2015 notes hedges |
|
|
|
429,847 |
|
523,930 | |||
|
|
Prepaid expenses and other |
|
|
|
135,047 |
|
126,313 | |||
|
|
|
Total current assets |
|
|
|
1,733,644 |
|
1,851,735 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
Property, plant and equipment, net of accumulated |
|
|
|
| ||||||
|
|
depreciation of $560,774 and $552,551, respectively |
|
225,556 |
|
230,112 | |||||
|
Goodwill |
|
|
|
|
553,942 |
|
553,767 | |||
|
Acquired intangibles, net of accumulated amortization of |
|
|
| |||||||
|
|
$169,013 and $154,814, respectively |
|
|
344,450 |
|
360,932 | ||||
|
Long-term receivables |
|
|
|
3,619 |
|
3,644 | ||||
|
Other assets |
|
|
|
|
201,354 |
|
209,366 | |||
|
Total assets |
|
|
|
|
$ 3,062,565 |
|
$ 3,209,556 | |||
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
| |||
|
|
Convertible notes |
|
|
|
$ 293,667 |
|
$ 342,499 | |||
|
|
2015 notes embedded conversion derivative |
|
429,847 |
|
523,930 | |||||
|
|
Accounts payable and accrued liabilities |
|
|
178,474 |
|
225,375 | ||||
|
|
Current portion of deferred revenue |
|
|
324,448 |
|
301,287 | ||||
|
|
|
Total current liabilities |
|
|
|
1,226,436 |
|
1,393,091 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term liabilities: |
|
|
|
|
|
|
| |||
|
|
Long-term portion of deferred revenue |
|
|
48,418 |
|
54,726 | ||||
|
|
Long-term debt |
|
|
|
|
348,705 |
|
348,676 | ||
|
|
Other long-term liabilities |
|
|
|
75,816 |
|
79,489 | |||
|
|
|
Total long-term liabilities |
|
|
|
472,939 |
|
482,891 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity |
|
|
|
|
1,363,190 |
|
1,333,574 | |||
|
Total liabilities and stockholders' equity |
|
|
$ 3,062,565 |
|
$ 3,209,556 | |||||
