For more information, please contact:
Investors and Shareholders
Alan Lindstrom
Cadence Design Systems, Inc.
408-944-7100
Email Contact
Media and Industry Analysts
Anna del Rosario
Cadence Design Systems, Inc.
408-914-6884
Email Contact
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Cadence Design Systems, Inc. | ||||||
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Condensed Consolidated Balance Sheets | ||||||
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June 28, 2014 and December 28, 2013 | ||||||
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(In thousands) | ||||||
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(Unaudited) | ||||||
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June 28, 2014 |
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December 28, 2013 |
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Current assets: |
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| ||
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Cash and cash equivalents |
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$ 557,416 |
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$ 536,260 | |
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Short-term investments |
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97,910 |
|
96,788 | |
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Receivables, net |
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101,924 |
|
107,624 | |
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Inventories |
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58,311 |
|
50,220 | |
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2015 notes hedges |
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455,844 |
|
306,817 | |
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Prepaid expenses and other |
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143,314 |
|
123,382 | |
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|
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Total current assets |
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1,414,719 |
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1,221,091 |
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|
|
|
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Property, plant and equipment, net of accumulated
|
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239,314 |
|
238,715 | ||
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Goodwill |
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559,957 |
|
456,905 | ||
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Acquired intangibles, net of accumulated amortization of
|
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395,430 |
|
311,693 | ||
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Long-term receivables |
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5,611 |
|
3,672 | ||
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Other assets |
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170,802 |
|
196,525 | ||
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Total assets |
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$ 2,785,833 |
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$ 2,428,601 | ||
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Current liabilities: |
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Revolving credit facility |
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$ 100,000 |
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$ - | |
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Convertible notes |
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333,333 |
|
324,826 | |
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2015 notes embedded conversion derivative |
|
455,844 |
|
306,817 | |
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Accounts payable and accrued liabilities |
|
216,959 |
|
216,594 | |
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Current portion of deferred revenue |
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301,911 |
|
299,973 | |
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|
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Total current liabilities |
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1,408,047 |
|
1,148,210 |
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|
|
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Long-term liabilities: |
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|
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| ||
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Long-term portion of deferred revenue |
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46,800 |
|
52,850 | |
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Other long-term liabilities |
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70,502 |
|
71,436 | |
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Total long-term liabilities |
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117,302 |
|
124,286 |
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|
|
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|
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Stockholders' equity |
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1,260,484 |
|
1,156,105 | ||
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Total liabilities and stockholders' equity |
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$ 2,785,833 |
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$ 2,428,601 | ||
