10-QPeriod: Q3 FY2010

CADENCE DESIGN SYSTEMS INC Quarterly Report for Q3 Ended Jul 3, 2010

Filed August 4, 2010For Securities:CDNS

Summary

Cadence Design Systems Inc. (CDNS) filed its 10-Q for the period ending July 3, 2010, providing investors with a crucial update on its financial health and operational performance during the second quarter of 2010. The filing reveals the company's financial position, including its assets, liabilities, and equity, as well as its performance through its statements of operations and cash flows. Investors can gain insights into the company's revenue generation, cost management, and overall profitability during the period. The Management's Discussion and Analysis (MD&A) section is particularly important as it offers management's perspective on the results of operations and the company's financial condition, helping to explain the numbers presented in the financial statements.

Financial Highlights

51 data points
Beta

Revenue

$227.06M

96.9% Gross Margin

Net Income

$48.61M

21.4% Net Margin

EPS (Diluted)

$0.18

Total Assets

$1.70B

Cash & Equivalents

$475.60M

Free Cash Flow

$40.13M

Financial Statements
Beta
Revenue$227.06M
Cost of Revenue$7.12M
Gross Profit$219.94M
Operating Expenses$221.84M
Operating Income$5.22M
Interest Expense$7.97M
Net Income$48.61M
EPS (Basic)$0.19
EPS (Diluted)$0.18
Shares Outstanding (Basic)262.16M
Shares Outstanding (Diluted)266.42M

Key Highlights

  • 1The report covers the financial performance for the three and six months ended July 3, 2010, compared to the same periods in 2009, offering a year-over-year view.
  • 2Key financial statements including Condensed Consolidated Balance Sheets, Statements of Operations, and Statements of Cash Flows are presented, allowing for a detailed analysis of the company's financial standing.
  • 3The Management's Discussion and Analysis (MD&A) section provides management's commentary on the financial results and conditions, crucial for understanding trends and significant events.
  • 4The filing includes quantitative and qualitative disclosures about market risk, informing investors about potential financial exposures.
  • 5Information on legal proceedings is disclosed, which could have material impacts on the company's financial future.
  • 6Risk factors are detailed, offering investors a view into potential challenges and uncertainties the company faces.

Frequently Asked Questions

The 10-Q report for the period ending July 3, 2010, would detail revenue, cost of revenue, operating expenses, and net income for both the quarter and year-to-date. Investors should look for year-over-year growth or decline in these key metrics, as discussed in the MD&A section, to understand the operational and economic performance.

The Condensed Consolidated Statements of Cash Flows will provide insights into the company's cash generation from operating, investing, and financing activities. Investors should review this to understand how the company is funding its operations, investments, and debt obligations, and assess its overall liquidity position.

Part II of the filing includes sections on Legal Proceedings and Risk Factors. Investors should carefully review these sections to understand any ongoing litigation that could impact the company's financials or operational stability, and to assess the significant business, economic, and regulatory risks that management has identified.

The Condensed Consolidated Balance Sheets as of July 3, 2010, and January 2, 2010, will provide a snapshot of the company's assets (what it owns) and liabilities (what it owes). Investors can analyze the changes in these accounts to understand the company's capital structure, debt levels, and overall financial health.