|
Cadence Design Systems, Inc. | ||||||||||
|
Supplemental Reconciliation of Certain GAAP to Non-GAAP Measures | ||||||||||
|
For the Year Ended December 29, 2012 | ||||||||||
|
(In thousands) | ||||||||||
|
(Unaudited) | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
|
|
|
|
|
|
|
|
|
|
December 29, 2012 |
|
|
|
|
|
|
|
|
|
GAAP |
|
Adjustments |
|
Non-GAAP |
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue: |
|
|
|
|
|
|
| |||
|
|
Product and maintenance |
|
$ 1,212,429 |
|
$ - |
|
$ 1,212,429 | |||
|
|
Services |
|
|
113,995 |
|
- |
|
113,995 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
|
1,326,424 |
|
- |
|
1,326,424 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
| |||
|
|
Cost of product and maintenance |
|
118,516 |
|
(14,905) |
(M) |
103,611 | |||
|
|
Cost of services |
|
|
72,607 |
|
(1,957) |
(M) |
70,650 | ||
|
|
Marketing and sales |
|
|
342,278 |
|
(11,247) |
(M) |
331,031 | ||
|
|
Research and development |
|
454,085 |
|
(29,860) |
(M) |
424,225 | |||
|
|
General and administrative |
|
112,076 |
|
(16,910) |
(M) |
95,166 | |||
|
|
Amortization of acquired intangibles |
|
15,077 |
|
(15,077) |
(M) |
- | |||
|
|
Restructuring and other charges |
|
113 |
|
(113) |
|
- | |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total costs and expenses |
|
1,114,752 |
|
(90,069) |
|
1,024,683 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from operations |
|
211,672 |
|
90,069 |
|
301,741 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
|
(34,742) |
|
20,846 |
(N) |
(13,896) | ||
|
|
Other income, net |
|
|
11,341 |
|
(6,296) |
(O) |
5,045 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before provision (benefit) for income taxes |
188,271 |
|
104,619 |
|
292,890 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provision (benefit) for income taxes |
|
(251,677) |
|
327,828 |
(P) |
76,151 | |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
|
$ 439,948 |
|
$ (223,209) |
|
$ 216,739 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes: |
|
|
|
|
|
|
|
| ||
|
(M) For the year ended December 29, 2012 adjustments to GAAP are as follows for the line items specified: | ||||||||||
|
|
| |||||||||
|
|
| |||||||||
|
|
Amortization of acquired intangibles |
Stock-based compensation expense |
Non-qualified deferred compensation expenses |
Integration and acquisition- related costs |
Shareholder litigation costs |
Total adjustments | |
|
Cost of product and maintenance |
$ 13,541 |
$ 1,317 |
$ 47 |
$ - |
$ - |
$ 14,905 | |
|
Cost of services |
- |
1,889 |
68 |
- |
- |
1,957 | |
|
Marketing and sales |
- |
10,193 |
492 |
562 |
- |
11,247 | |
|
Research and development |
- |
21,516 |
2,144 |
6,200 |
- |
29,860 | |
|
General and administrative |
- |
12,646 |
1,702 |
2,516 |
46 |
16,910 | |
|
Amortization of acquired intangibles |
15,077 |
- |
- |
- |
- |
15,077 | |
|
Total |
$ 28,618 |
$ 47,561 |
$ 4,453 |
$ 9,278 |
$ 46 |
$ 89,956 | |
|
| ||||||||||||||
|
(N) Amortization of debt discount related to convertible notes | ||||||||||||||
|
(O) Other income or expense related to investments and non-qualified deferred compensation plan assets | ||||||||||||||
|
(P) Income tax effect of non-GAAP adjustments | ||||||||||||||
