Cadence Reports Second Quarter 2015 Financial Results

 

Cadence Design Systems, Inc.

As of July 27, 2015

Impact of Non-GAAP Adjustments on Forward Looking Diluted Net Income Per Share

(Unaudited)













Three Months Ending


Year Ending



October 3, 2015


January 2, 2016



Forecast


Forecast






Diluted net income per share on a GAAP basis

 $0.17 to $0.19 


 $0.63 to $0.69 







Amortization of acquired intangibles

0.05


0.21


Stock-based compensation expense

0.08


0.30


Non-qualified deferred compensation expenses

-


-


Restructuring and other charges

-


0.01


Acquisition and integration-related costs

-


0.02


Amortization of debt discount on convertible notes

-


0.02


Other income or expense related to investments and non-qualified deferred compensation plan assets*

-


-


Income tax effect of non-GAAP adjustments

(0.05)


(0.19)






Diluted net income per share on a non-GAAP basis�nbsp;

 $0.25 to $0.27 


 $1.00 to $1.06 



�nbsp;The non-GAAP measures presented in the table above should not be considered a substitute for financial results and measures determined or calculated in accordance with GAAP. 



 * Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense. 

 

Cadence Design Systems, Inc.

As of July 27, 2015

Impact of Non-GAAP Adjustments on Forward Looking Net Income 

(Unaudited)













Three Months Ending


Year Ending



October 3, 2015


January 2, 2016

($ in millions)

Forecast


Forecast






Net income on a GAAP basis

 $52 to $58 


 $195 to $214 







Amortization of acquired intangibles

16


64


Stock-based compensation expense

24


93


Non-qualified deferred compensation expenses

-


1


Restructuring and other charges 

-


4


Acquisition and integration-related costs

1


8


Amortization of debt discount on convertible notes

-


7


Other income or expense related to investments and non-qualified  deferred compensation plan assets*

-


(2)


Income tax effect of non-GAAP adjustments

(15)


(59)






Net income on a non-GAAP basis�nbsp;

 $78 to $84 


 $311 to $330 



�nbsp;The non-GAAP measures presented in the table above should not be considered a substitute for financial results and  measures determined or calculated in accordance with GAAP. 



 * Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of  investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense. 


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