Cadence Design Systems Files 2024 10-K
Ticker: CDNS · Form: 10-K · Filed: 2025-02-21T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, software
TL;DR
Cadence Design Systems filed its 2024 10-K, detailing FY24 financials. Check product & maintenance revenue for trends.
AI Summary
Cadence Design Systems Inc. filed its 2024 10-K on February 21, 2025, reporting its fiscal year ended December 31, 2024. The filing details the company's financial performance and business operations. Key financial data and segment information, such as Product and Maintenance revenue, are presented for the fiscal years 2024, 2023, and 2022.
Why It Matters
This 10-K filing provides investors and analysts with a comprehensive overview of Cadence Design Systems' financial health and strategic direction for the fiscal year 2024, enabling informed investment decisions.
Risk Assessment
Risk Level: low — This is a standard annual report filing with no immediate red flags or unusual disclosures.
Key Numbers
- 2024 — Fiscal Year (Reporting period for the 10-K)
- 2023 — Fiscal Year (Comparative period)
- 2022 — Fiscal Year (Comparative period)
Key Players & Entities
- CADENCE DESIGN SYSTEMS INC (company) — Filer
- 2024-12-31 (date) — Fiscal Year End
- 2025-02-21 (date) — Filing Date
- 4089431234 (phone_number) — Business Phone
- ECAD INC /DE/ (company) — Former Company Name
FAQ
What was Cadence Design Systems' total revenue for the fiscal year ended December 31, 2024?
The provided text does not contain specific total revenue figures for the fiscal year ended December 31, 2024. It indicates the reporting period and comparative years.
What is the company's primary business segment as indicated in the filing?
The filing indicates 'Product and maintenance' as a key segment (cdns:ProductandmaintenanceMember).
When was Cadence Design Systems incorporated?
The company was incorporated in Delaware (DE).
What is the Standard Industrial Classification (SIC) code for Cadence Design Systems?
The SIC code is 7372, which corresponds to SERVICES-PREPACKAGED SOFTWARE.
What is the filing date of this 10-K report?
This 10-K report was filed on February 21, 2025.
From the Filing
0000813672-25-000024.txt : 20250221 0000813672-25-000024.hdr.sgml : 20250221 20250220174449 ACCESSION NUMBER: 0000813672-25-000024 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 140 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250221 DATE AS OF CHANGE: 20250220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CADENCE DESIGN SYSTEMS INC CENTRAL INDEX KEY: 0000813672 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 770148231 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15867 FILM NUMBER: 25647560 BUSINESS ADDRESS: STREET 1: 2655 SEELY AVENUE BLDG 5 CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 4089431234 MAIL ADDRESS: STREET 1: 2655 SEELY AVENUE CITY: SAN JOSE STATE: CA ZIP: 95134 FORMER COMPANY: FORMER CONFORMED NAME: ECAD INC /DE/ DATE OF NAME CHANGE: 19880609 10-K 1 cdns-20241231.htm 10-K cdns-20241231 0000813672 false 2024 FY 459 http://fasb.org/us-gaap/2024#UsefulLifeShorterOfTermOfLeaseOrAssetUtilityMember http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure cdns:acquisition cdns:segment 0000813672 2024-01-01 2024-12-31 0000813672 2024-06-30 0000813672 2025-01-31 0000813672 2024-10-01 2024-12-31 0000813672 cdns:ItaBrennanMember 2024-10-01 2024-12-31 0000813672 cdns:ItaBrennanMember 2024-12-31 0000813672 2024-12-31 0000813672 2023-12-31 0000813672 cdns:ProductandmaintenanceMember 2024-01-01 2024-12-31 0000813672 cdns:ProductandmaintenanceMember 2023-01-01 2023-12-31 0000813672 cdns:ProductandmaintenanceMember 2022-01-02 2022-12-31 0000813672 us-gaap:TechnologyServiceMember 2024-01-01 2024-12-31 0000813672 us-gaap:TechnologyServiceMember 2023-01-01 2023-12-31 0000813672 us-gaap:TechnologyServiceMember 2022-01-02 2022-12-31 0000813672 2023-01-01 2023-12-31 0000813672 2022-01-02 2022-12-31 0000813672 us-gaap:CommonStockMember 2022-01-01 0000813672 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2022-01-01 0000813672 us-gaap:TreasuryStockCommonMember 2022-01-01 0000813672 us-gaap:RetainedEarningsMember 2022-01-01 0000813672 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 0000813672 2022-01-01 0000813672 us-gaap:RetainedEarningsMember 2022-01-02 2022-12-31 0000813672 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-02 2022-12-31 0000813672 us-gaap:CommonStockMember 2022-01-02 2022-12-31 0000813672 us-gaap:TreasuryStockCommonMember 2022-01-02 2022-12-31 0000813672 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2022-01-02 2022-12-31 0000813672 us-gaap:CommonStockMember 2022-12-31 0000813672 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2022-12-31 0000813672 us-gaap:TreasuryStockCommonMember 2022-12-31 0000813672 us-gaap:RetainedEarningsMember 2022-12-31 0000813672 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000813672 2022-12-31 0000813672 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0000813672 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0000813672 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0000813672 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-12-31 0000813672 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0000813672 us-gaap:CommonStockMember 2023-12-31 0000813672 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-12-31 0000813672 us-gaap:TreasuryStockCommonMember 2023-12-31 0000813672 us-gaap:RetainedEarningsMember 2023-12-31 0000813672 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000813672 us-gaap:RetainedEarningsMember 2024-01-01 2024-12-31 00008