Cadence Reports Third Quarter 2014 Financial Results

 

Cadence Design Systems, Inc.

Condensed Consolidated Income Statements

For the Three and Nine Months Ended September 27, 2014 and September 28, 2013

(In thousands, except per share amounts)

(Unaudited)

































Three Months Ended


Nine Months Ended







September 27,
2014


September 28,
2013


September 27,
2014


September 28,
2013














Revenue:











Product and maintenance


$        374,110


$        341,601


$     1,085,928


$     1,007,855


Services



26,386


25,046


71,906


75,539
















Total revenue



400,496


366,647


1,157,834


1,083,394














Costs and expenses:











Cost of product and maintenance

36,954


32,546


116,858


90,488


Cost of services



17,125


17,190


48,733


50,682


Marketing and sales


100,387


98,094


297,321


283,773


Research and development


148,744


138,078


447,882


398,557


General and administrative


25,894


27,582


86,680


91,833


Amortization of acquired intangibles

6,316


5,141


17,105


14,259


Restructuring and other charges 

11,027


86


11,397


2,594
















Total costs and expenses


346,447


318,717


1,025,976


932,186

















Income from operations

54,049


47,930


131,858


151,208















Interest expense



(7,523)


(9,583)


(22,160)


(28,373)


Other income (expense), net


(417)


2,535


4,600


6,728

















Income before provision for income taxes

46,109


40,882


114,298


129,563















Provision for income taxes


8,574


2,382


20,430


3,025

















Net income 


$          37,535


$          38,500


$          93,868


$        126,538



























Net income per share - basic


$               0.13


$               0.14


$               0.33


$               0.46














Net income per share - diluted


$               0.12


$               0.13


$               0.31


$               0.43














Weighted average common shares outstanding - basic

284,462


278,977


283,141


277,034














Weighted average common shares outstanding - diluted

309,995


296,958


305,595


294,531


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11  Next Page »



Review Article Be the first to review this article
Featured Video
Jobs
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
ASIC FPGA Verification Engineer for General Dynamics Mission Systems at Bloomington, MN
Technical Support Engineer for EDA Careers at Freemont, CA
Senior DSP Architect / System Engineer for General Dynamics Mission Systems at Scottsdale, AZ
Principal Engineer FPGA Design for Intevac at Santa Clara, CA
Upcoming Events
FPGA 2017 at 350 Calle Pincipal, Marriott Hotel Monterey CA - Feb 22 - 24, 2017
DVCon 2017 Conference at DoubleTree Hotel San Jose CA - Feb 27 - 2, 2017
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017
TrueCircuits: UltraPLL



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy