01—Abstract
Summary
Summary of the 10-K/A filed July 13, 2015. Cited figures are marked; the original filing is the authoritative source.
This 10-K/A filing from Cadence Design Systems Inc. (CDNS) for the period ending January 2, 2015, is an amendment to their original report, filed on July 12, 2015.
The primary focus of this filing is the presentation of detailed financial statements and exhibits. Investors should note that this amendment primarily serves to provide the comprehensive financial picture for the fiscal year, including balance sheets, income statements, statements of comprehensive income, stockholders' equity, and cash flows for the three years ended January 3, 2015. The company's independent registered public accounting firm has provided their report on these financial statements, lending an element of assurance to the reported figures.
While this amendment does not introduce new operational or strategic insights beyond what was likely in the original 10-K, it is crucial for understanding the company's financial health, performance trends, and cash management. Investors can analyze revenue growth, profitability, asset base, debt levels, and cash generation from this filing to make informed investment decisions. The absence of financial statement schedules indicates that all necessary information is contained within the main financial statements and their accompanying notes.
02—Key points
Key Highlights
- Amendment to the original 10-K filing for the fiscal year ending January 2, 2015, filed on July 12, 2015.
- Includes the Report of Independent Registered Public Accounting Firm, providing assurance on the financial statements.
- Presents Consolidated Balance Sheets as of January 3, 2015, and December 28, 2013.
- Provides Consolidated Income Statements for the three fiscal years ended January 3, 2015.
- Details Consolidated Statements of Comprehensive Income, Stockholders' Equity, and Cash Flows for the three fiscal years ended January 3, 2015.
- Notes to Consolidated Financial Statements are included, offering crucial context and detail for the reported figures.
- Confirms that all financial statement schedules are omitted as they are not applicable or are incorporated within the main statements and notes.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2015filed July 13, 2015Financial Statements
| Revenue | $1.58B |
| Operating Expenses | $1.37B |
| Operating Income | $206.64M |
| Interest Expense | $34.12M |
| Net Income | $158.90M |
| EPS (Basic) | $0.56 |
| EPS (Diluted) | $0.52 |
| Shares Outstanding (Basic) | 283.35M |
| Shares Outstanding (Diluted) | 306.77M |
05—Questions
Frequently Asked Questions
What is the primary purpose of this 10-K/A filing?
This filing is an amendment (10-K/A) to Cadence Design Systems Inc.'s original 10-K annual report. Its main purpose is to present the complete set of audited financial statements and related exhibits for the fiscal year ending January 2, 2015.
What key financial statements are provided in this filing?
The filing includes Consolidated Balance Sheets, Consolidated Income Statements, Consolidated Statements of Comprehensive Income, Consolidated Statements of Stockholders' Equity, and Consolidated Statements of Cash Flows, all covering the three fiscal years ended January 3, 2015.
Are there any new operational details or business updates in this amendment?
This filing primarily focuses on the financial statements and exhibits. Significant new operational details or strategic business updates are typically found in the original 10-K filing, not usually in an amendment unless correcting or clarifying prior information.
Why are financial statement schedules omitted?
Financial statement schedules are omitted because they are either not applicable to Cadence Design Systems Inc., not required by SEC regulations, or the necessary information is already presented within the consolidated financial statements or the notes to those statements.
06—Continue