Cadence Design Systems, Inc.

Condensed Consolidated Balance Sheets

January 2, 2016 and January 3, 2015

(In thousands)

(Unaudited)

January 2, 2016

January 3, 2015

Current assets:

Cash and cash equivalents

$             616,686

$             932,161

Short-term investments

94,498

90,445

Receivables, net

164,848

122,492

Inventories

56,762

56,394

2015 notes hedges

-

523,930

Prepaid expenses and other

31,967

126,313

Total current assets

964,761

1,851,735

Property, plant and equipment, net of accumulated

depreciation of $581,345 and $552,551, respectively

228,599

230,112

Goodwill

551,772

553,767

Acquired intangibles, net of accumulated amortization of 

$216,589 and $154,814, respectively

296,482

360,932

Long-term receivables

4,498

3,644

Other assets

304,903

209,366

Total assets

$          3,209,556

Current liabilities:

Convertible notes

$                       -

$             342,499

2015 notes embedded conversion derivative

-

523,930

Accounts payable and accrued liabilities

238,022

225,375

Current portion of deferred revenue

298,285

301,287

Total current liabilities

1,393,091

Long-term liabilities:

Long-term portion of deferred revenue

30,209

54,726

Long-term debt

348,788

348,676

Other long-term liabilities

59,596

79,489

Total long-term liabilities

438,593

482,891

Stockholders' equity

1,376,115

1,333,574

Total liabilities and stockholders' equity

$          2,351,015

$          3,209,556