Cadence Reports First Quarter 2016 Financial Results

 

Cadence Design Systems, Inc.

As of April 25, 2016

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

(Unaudited)













Three Months Ending


Year Ending



July 2, 2016


December 31, 2016



Forecast


Forecast






Diluted net income per share on a GAAP basis

 $0.17 to $0.19 


 $0.71 to $0.81 







Amortization of acquired intangibles

0.05


0.21


Stock-based compensation expense

0.09


0.37


Restructuring and other charges

-


0.05


Acquisition and integration-related costs

-


0.02


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

-


(0.01)


Income tax effect of non-GAAP adjustments

(0.04)


(0.20)






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

 $0.27 to $0.29 


 $1.15 to $1.25 

 

Cadence Design Systems, Inc.

As of April 25, 2016

Impact of Non-GAAP Adjustments on Forward Looking Net Income

(Unaudited)













Three Months Ending


Year Ending



July 2, 2016


December 31, 2016

($ in millions)

Forecast


Forecast






Net income on a GAAP basis

 $49 to $55 


 $205 to $234 







Amortization of acquired intangibles

15


61


Stock-based compensation expense

25


109


Restructuring and other charges 

-


15


Acquisition and integration-related costs

1


4


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

-


(3)


Income tax effect of non-GAAP adjustments

(11)


(57)






Net income on a non-GAAP basis�nbsp;

 $79 to $85 


 $334 to $363 











�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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