Cadence Design Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1994
Revenue	4,090	3,562	2,988	2,683	2,336	Upgrade
Revenue Growth (YoY)	14.83%	19.19%	11.38%	14.83%	9.27%	Upgrade
Cost of Revenue	435.04	371.62	307.01	305.5	266.36	Upgrade
Gross Profit	3,655	3,190	2,681	2,377	2,070	Upgrade
Selling, General & Admin	932.75	846.34	749.28	670.89	621.48	Upgrade
Research & Development	1,442	1,252	1,134	1,034	935.94	Upgrade
Other Operating Expenses	29.18	18.53	18.59	27.22	20.75	Upgrade
Operating Expenses	2,404	2,116	1,902	1,732	1,578	Upgrade
Operating Income	1,251	1,074	779.09	645.55	491.8	Upgrade
Interest Expense / Income	36.19	22.93	16.98	20.75	18.83	Upgrade
Other Expense / Income	-66.89	5.39	-6.33	-7.95	-6	Upgrade
Pretax Income	1,282	1,045	768.44	632.75	478.97	Upgrade
Income Tax	240.78	196.41	72.48	42.1	-510.01	Upgrade
Net Income	1,041	848.95	695.96	590.64	988.98	Upgrade
Net Income Growth	22.64%	21.98%	17.83%	-40.28%	186.02%	Upgrade
Shares Outstanding (Basic)	269	271	274	274	273	Upgrade
Shares Outstanding (Diluted)	273	275	279	280	281	Upgrade
Shares Change	-0.82%	-1.38%	-0.28%	-0.31%	-0.22%	Upgrade
EPS (Basic)	3.86	3.13	2.54	2.16	3.62	Upgrade
EPS (Diluted)	3.82	3.09	2.50	2.11	3.53	Upgrade
EPS Growth	23.62%	23.60%	18.48%	-40.23%	186.99%	Upgrade
Free Cash Flow	1,247	1,119	1,036	810.11	655	Upgrade
Free Cash Flow Per Share	4.63	4.13	3.79	2.96	2.40	Upgrade
Gross Margin	89.36%	89.57%	89.73%	88.61%	88.60%	Upgrade
Operating Margin	30.59%	30.15%	26.07%	24.06%	21.05%	Upgrade
Profit Margin	25.46%	23.84%	23.29%	22.02%	42.33%	Upgrade
Free Cash Flow Margin	30.49%	31.41%	34.66%	30.20%	28.04%	Upgrade
Effective Tax Rate	18.78%	18.79%	9.43%	6.65%	-106.48%	Upgrade
EBITDA	1,464	1,204	916.12	803.63	621.15	Upgrade
EBITDA Margin	35.79%	33.80%	30.66%	29.95%	26.59%	Upgrade
Depreciation & Amortization	145.74	135.43	130.7	150.14	123.35	Upgrade
EBIT	1,318	1,068	785.42	653.5	497.8	Upgrade
EBIT Margin	32.23%	29.99%	26.28%	24.36%	21.31%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).