Cadence Reports Third Quarter 2017 Financial Results

Cadence expects that its corporate representatives will meet privately during the quarter with investors, the media, investment analysts and others. At these meetings, Cadence may reiterate the business outlook published in this press release. At the same time, Cadence will keep this press release, including the business outlook, publicly available on its website.

Prior to the start of the Quiet Period (described below), the public may continue to rely on the business outlook contained herein as still being Cadence's current expectations on matters covered unless Cadence publishes a notice stating otherwise.

Beginning December 15, 2017, Cadence will observe a Quiet Period during which the business outlook as provided in this press release and the most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q no longer constitute the company's current expectations. During the Quiet Period, the business outlook in these documents should be considered historical, speaking as of prior to the Quiet Period only and not subject to any update by the company. During the Quiet Period, Cadence's representatives will not comment on Cadence's business outlook, financial results or expectations. The Quiet Period will extend until Cadence's fourth quarter 2017 earnings release is published, which is currently scheduled for January 31, 2018.

For more information, please contact:

Cadence Investor Relations
Alan Lindstrom
408-428-5020
alind@cadence.com

Cadence Newsroom
408-944-7039
newsroom@cadence.com

Cadence Design Systems, Inc.
Condensed Consolidated Balance Sheets
September 30, 2017 and December 31, 2016
(In thousands)
(Unaudited)

			September 30, 2017	December 31, 2016

Current assets:
	Cash and cash equivalents		$ 678,284	$ 465,232
	Short-term investments		4,135	3,057
	Receivables, net		170,312	157,171
	Inventories		36,000	39,475
	Prepaid expenses and other		42,374	37,099
		Total current assets	931,105	702,034

Property, plant and equipment, net of accumulated
	depreciation of $648,298 and $612,961, respectively		244,620	238,607
Goodwill			574,912	572,764
Acquired intangibles, net of accumulated amortization of
	$283,632 and $267,723, respectively		216,177	258,814
Long-term receivables			11,590	12,949
Other assets			326,823	311,740
Total assets			$ 2,305,227	$ 2,096,908

Current liabilities:
	Revolving credit facility		$ -	$ 50,000
	Accounts payable and accrued liabilities		199,672	239,496
	Current portion of deferred revenue		320,462	296,066
		Total current liabilities	520,134	585,562

Long-term liabilities:
	Long-term portion of deferred revenue		57,865	66,769
	Long-term debt		644,146	643,493
	Other long-term liabilities		72,342	59,314
		Total long-term liabilities	774,353	769,576

Stockholders' equity			1,010,740	741,770
Total liabilities and stockholders' equity			$ 2,305,227	$ 2,096,908

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