ABCDEFGHIJKLMNOPQRSTUVWXYZAAABACADAE
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Candence Design Systems (CDNS)Market Price as 00/00/0000: $
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Fisacal Year (End of Oct 31) (in million)200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
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Product and Maintenance 830.49 806.79 663.51 729.78 851.50 982.67 1,103.97 516.60 400.77 471.60 1,033.14 1,212.43 1,357.93 1,479.15 1,578.94 1,683.77 1,813.99 1,997.89 2,204.62 2,536.62 2,812.95 3,340.20 3,834.36 4,213.51
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Services263.35149.81131.15137.05126.17134.90125.84133.50106.56100.89116.69114.00102.18101.78123.15132.31129.05140.14131.70146.27175.30221.52255.63427.8
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Maintenance336.59331.35324.82330.65351.53366.33385.21388.51345.30363.47
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Revenue1430.431287.941119.481197.481329.191483.901615.011038.61852.63935.951149.841326.421460.121580.931702.091816.081943.032138.022336.322682.892988.243561.724089.994641.260.000.000.000.000.00
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Revenue growth-9.96%-13.08%6.97%11.00%11.64%8.84%-35.69%-17.91%9.77%22.85%15.36%10.08%8.27%7.66%6.70%6.99%10.04%9.27%14.83%11.38%19.19%14.83%13.48%-100.00%#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Contracted backlog1400.001600.001800.001900.002000.001800.001600.001700.001700.001700.001900.002100.002300.002500.002700.002900.003600.003900.004400.005800.006000.00n/a
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Cost of product and maintenance118.4698.2967.0482.0179.7266.7760.0750.3032.1131.42113.66118.52132.25156.33155.66183.29156.68173.01189.15231.03222.65273.57331.76436.60
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Cost of services192.65114.6993.1590.9991.8996.5093.36103.3490.5482.9781.5072.6167.9667.3782.7973.2080.7185.7477.2174.4784.3698.06103.28210.90
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cost of maintenance65.3065.0956.4653.0559.7963.8361.0855.8446.5942.05
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Cost of revenue376.41278.07216.65226.05231.41227.10214.51209.48169.24156.44195.16191.12200.20223.71238.45256.49237.39258.75266.36305.50307.01371.62435.04647.500.000.000.000.000.00
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Gross1054.031009.88902.84971.431097.781256.801400.51829.13683.39779.51954.681135.301259.921357.231463.641559.591705.641879.282069.962377.392681.243190.103654.953993.760.000.000.000.000.00
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Gross margin73.69%78.41%80.65%81.12%82.59%84.70%86.72%79.83%80.15%83.29%83.03%85.59%86.29%85.85%85.99%85.88%87.78%87.90%88.60%88.61%89.73%89.57%89.36%86.05%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Marketing and sales393.61402.15326.58325.94366.16405.58407.15358.41286.83305.56323.80342.28378.16399.69402.43395.19419.16439.67481.67516.46560.26604.22690.32757.48
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Research and development297.33326.41340.12351.25390.74460.06494.03457.91354.70376.41400.75454.09534.02603.01637.57735.34804.22884.82935.941033.731134.281251.541441.801549.09
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General and administrative119.35115.7782.5785.41129.55143.32169.00152.03122.6586.3992.86112.08121.31113.62109.98125.11134.18133.41139.81154.43189.02242.12242.43282.28
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Amortization of intangible assets70.7953.7562.5755.7047.7623.1419.4222.7311.4214.1616.5415.0819.4224.0223.7218.1014.7214.0912.1318.0119.6418.4718.1630.38
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Restructuring 61.62134.3066.8413.5435.33-0.80-9.6946.4531.3810.150.360.1118.0010.254.5140.969.4111.098.629.22-1.050.0611.0123.77
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Impairment of goodwill25.831317.20
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Impairment of intangible and tangible assets47.07
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Write-off21.7034.007.509.009.400.902.680.60
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Deferred compensation17.9144.0141.1226.43
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Litigation charge-194.56-261.09-14.5015.80
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Operating expense813.58849.30912.80867.28978.951032.201082.592402.40806.98808.48834.30923.631070.911150.581178.211314.691381.691483.071578.171731.841902.152116.412403.722643.000.000.000.000.000.00
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% to Revenue56.88%65.94%81.54%72.43%73.65%69.56%67.03%231.31%94.65%86.38%72.56%69.63%73.34%72.78%69.22%72.39%71.11%69.37%67.55%64.55%63.65%59.42%58.77%56.95%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Operating income240.44160.58-9.96104.15118.83224.59317.92-1573.27-123.59-28.97120.38211.67189.01206.64285.43244.90323.96396.21491.80645.55779.091073.691251.231350.760.000.000.000.000.00
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Operating margin-83.19%12.47%-0.89%8.70%8.94%15.14%19.68%-151.48%-14.50%-3.09%10.47%15.96%12.94%13.07%16.77%13.49%16.67%18.53%21.05%24.06%26.07%30.15%30.59%29.10%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Interest expense-2.63-2.80-5.00-6.20-5.45-12.35-28.26-27.40-28.87-36.34-43.03-34.74-37.58-34.12-28.31-23.67-25.66-23.14-18.83-20.75-16.98-22.93-36.19-76.00
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Other income (expense)4.33-13.76-15.60-11.5115.1070.4058.53-16.84-1.042.5418.0711.347.578.4810.4815.9216.763.326.007.956.33-5.3966.89121.06
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Extinguishment of debt-40.77
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Other income1.70-16.56-20.60-17.719.6517.2930.27-44.25-29.91-33.80-24.95-23.40-30.01-25.64-17.83-7.75-8.91-19.82-12.83-12.80-10.65-28.3230.7045.060.000.000.000.000.00
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Income before tax242.14144.02-30.5786.44128.48241.88348.19-1617.51-153.51-62.7795.43188.27159.00181.00267.60237.15315.05376.39478.97632.75768.441045.361281.931395.820.000.000.000.000.00
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Income tax100.8683.68-13.0011.9679.1499.7061.40239.20-3.63-189.3123.20-251.68-5.2522.1015.1834.07110.9530.61-510.0142.1072.48196.41240.78340.3
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Net income141.2860.34-17.5774.4749.34142.17286.79-1856.72-149.87126.5472.23439.95164.24158.90252.42203.09204.10345.78988.98590.64695.96848.951041.141055.480.000.000.000.000.00
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Net margin9.88%4.68%-1.57%6.22%3.71%9.58%17.76%-178.77%-17.58%13.52%6.28%33.17%11.25%10.05%14.83%11.18%10.50%16.17%42.33%22.02%23.29%23.84%25.46%22.74%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Earning per share (diluted)0.550.23-0.070.240.160.460.97-7.30-0.580.480.271.570.560.520.810.700.731.233.532.112.503.093.823.85#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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EPS Growth-58.86%129.19%-469.92%-35.56%189.91%113.23%-852.47%92.04%181.86%-43.96%487.72%-64.43%-7.11%56.04%-13.73%4.46%68.86%186.66%-40.09%18.16%23.69%23.66%0.98%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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EPS Growth (5 year average)-3.66%-226.98%156.43%-219.01%-215.24%-10.13%10.07%-159.78%-197.72%11.17%21.19%-14.21%17.14%46.75%21.18%29.05%33.49%25.42%1.80%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Common stock (Diluted)257.66267.50266.79305.77314.38312.46295.59254.32257.78265.87270.82280.67294.56306.78312.30291.26280.22281.14280.52279.64278.86275.01272.75273.83
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Price at yearend21.7711.7917.9813.8116.9217.9117.013.665.888.2610.4013.5114.0218.8320.8125.2241.8243.4869.36136.43186.35160.64272.37300.46
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P/E39.7052.27-273.0856.70107.8039.3617.53-0.50-10.1117.3638.998.6225.1436.3525.7536.1757.4235.3519.6764.5974.6752.0471.3577.95#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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(never assume price will back to previous high)
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Total Assets1730.032426.622817.902989.843401.313442.823871.751679.851410.591732.121761.282287.002428.603209.562351.022096.912418.712468.653256.883817.434256.174966.695518.698828.29
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Cash and equivalents+short term investment
274.79395.61418.42593.01894.59934.341062.92568.26569.12557.41601.60726.36536.26932.16616.69465.23688.09533.30705.21928.431088.94882.331008.152644.03
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Other financial assets (current)24.0915.193.842.1812.723.04100.7096.7990.4594.503.064.46
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Account receivables258.40313.97348.68384.11282.07238.44326.21298.67200.63191.89136.7797.82107.62122.49164.85157.17190.43297.08304.55338.49337.60486.71489.22680.46
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Debt0.0052.00420.00420.00580.00758.39730.39416.57436.01679.87641.09447.01324.83691.18348.79693.49729.37445.29346.02346.79347.59748.08649.062476.18
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Equity1121.351644.031572.281699.971844.701699.292080.07186.71108.37276.65411.13915.171156.111333.571376.12741.77989.201288.412102.892350.333046.292745.113404.274673.58
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Total Liabilities608.68782.591245.621289.871556.611743.531791.681493.141302.211455.461350.151371.831272.501875.98974.901355.141429.511180.241254.331343.851538.502252.622149.864192.01
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Invested Capital1121.351696.031992.282119.972424.702457.682810.45603.29544.39956.531052.221362.181480.932024.751724.901435.261718.571733.702448.912697.133393.883493.194053.337149.760.000.000.000.000.00
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Goodwill311.00664.03992.801267.581310.211267.581310.210.000.00158.89192.13233.27456.91553.77551.77572.76666.01662.27661.86782.09928.361374.271535.852378.67
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% to Assets18.0%27.4%35.2%42.4%38.5%36.8%33.8%0.0%0.0%9.2%10.9%10.2%18.8%17.3%23.5%27.3%27.5%26.8%20.3%20.5%21.8%27.7%27.8%26.9%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Goodwill Impairment25.800.000.000.000.000.000.001317.200.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
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Goodwill acquired of the year156.20306.92208.6644.35221.6717.3945.700.000.00156.1032.2539.68227.96102.030.0023.5890.220.000.00120.56154.36456.32160.08889.59
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Cash flow from operation 1 477.02404.46226.70306.11285.17430.12522.39-20.6146.40207.73218.51357.03350.47393.48457.70426.47543.52526.71723.29920.341018.371154.351447.951730.84
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CapEx154.31125.1673.7358.1538.0367.3235.3097.2937.4433.8831.4235.9744.9339.8144.8152.7957.9061.5074.6194.8165.30123.22102.34142.54
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Purchase of intangible assets1.758.7533.514.162.608.412.002.390.000.000.000.000.000.001.581.000.170.00
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Business combination-6.9134.68182.25115.12297.1365.7880.7320.9314.90258.8244.0566.43392.83167.120.0041.63143.250.000.34197.56226.20613.79198.35737.57
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Equity investment20.496.8239.7622.7714.183.803.214.392.303.000.610.25
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Total of CapEx + Acquisition + investment 2169.64175.41329.25200.20351.94145.31121.23125.0054.64295.7176.08102.65437.75206.9344.8194.42201.1561.5074.94292.38293.08738.00300.85880.120.000.000.000.000.00
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Free Cash Flow307.38229.05-102.55105.91-66.78284.81401.16-145.60-8.24-87.97142.43254.38-87.29186.55412.89332.05342.37465.21648.35627.96725.29416.351147.10850.720.000.000.000.000.00
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Free Cash Flow/Cash flow from operation64.44%56.63%-45.24%34.60%-23.42%66.22%76.79%706.51%-17.76%-42.35%65.18%71.25%-24.91%47.41%90.21%77.86%62.99%88.32%89.64%68.23%71.22%36.07%79.22%49.15%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Free Cash Flow/Cash flow from operation 5yrs avg
27.83%27.26%35.16%38.05%36.83%37.45%30.97%19.16%18.07%26.72%51.15%55.34%54.64%74.07%82.19%76.93%75.27%66.39%67.72%60.07%58.66%55.71%62.85%49.15%#DIV/0!
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Free cash flow per share1.190.86-0.380.35-0.210.911.36-0.57-0.03-0.330.530.91-0.300.611.321.141.221.652.312.252.601.514.213.11#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Price to Free cash flow per share ratio18.2513.77-46.7839.87-79.6619.6512.53-6.39-183.95-24.9619.7714.91-47.3130.9715.7422.1234.2326.2830.0160.7571.65106.1164.7696.71#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Free Cash Flow to Market Cap5.48%7.26%-2.14%2.51%-1.26%5.09%7.98%-15.64%-0.54%-4.01%5.06%6.71%-2.11%3.23%6.35%4.52%2.92%3.81%3.33%1.65%1.40%0.94%1.54%1.03%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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stock repurchase299.04181.80213.3894.11101.07494.09399.49273.950.0031.000.000.000.00100.12333.19960.29100.03250.06306.15380.06612.281050.09700.13550.03
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% to Cash flow from operation63%45%94%31%35%115%76%-1329%0%15%0%0%0%25%73%225%18%47%42%41%60%91%48%32%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Stock compensationnanana31.4139.90103.99101.4281.2754.7143.4643.5947.5666.2983.7992.34109.22130.02167.72181.55197.27210.09270.44325.61391.22
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% to Cash flow from operation#VALUE!#VALUE!#VALUE!10.26%13.99%24.18%19.41%-394.36%117.89%20.92%19.95%13.32%18.91%21.30%20.18%25.61%23.92%31.84%25.10%21.43%20.63%23.43%22.49%22.60%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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option/restric shares granted14.8317.1816.3214.0211.368.744.359.299.367.307.477.786.357.157.158.476.734.704.622.712.304.140.261.785
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price per granted share from repurchase $ 20.16 $ 10.58 $ 13.08 $ 6.71 $ 8.90 $ 56.56 $ 91.77 $ 29.48 $ - $ 4.25 $ - $ - $ - $ 14.00 $ 46.57 $ 113.38 $ 14.86 $ 53.17 $ 66.22 $ 140.04 $ 266.21 $ 253.89 $ 2,672.27 $ 308.14 #DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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percentage above market price yearend-7.39%-10.23%-27.27%-51.40%-47.42%215.79%439.53%705.44%-100.00%-48.59%-100.00%-100.00%-100.00%-25.66%123.80%349.55%-64.46%22.29%-4.52%2.64%42.85%58.05%881.12%2.56%#DIV/0!#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Cash wasted if granted shares purchased from market
-23.85-20.71-80.00-99.51-91.15337.63325.45239.94-55.01-29.30-77.68-105.08-89.00-34.56184.31746.68-181.3845.57-14.509.79183.67385.68628.7713.700.000.000.000.000.00
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Accumulated cash wasted for shareholders-23.85-44.56-124.56-224.07-315.2222.41347.85587.79532.78503.48425.80320.72231.72197.17381.481128.16946.78992.35977.85987.641171.311557.002185.772199.482199.482199.482199.482199.482199.48
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CEO Pay13.5100.3206.2823.2285.3375.4075.1915.0115.9297.6117.9657.55619.1479.60521.73632.21617.34219.293
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% to Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.84%0.03%0.74%0.34%0.46%0.41%0.36%0.32%0.35%0.42%0.41%0.35%0.82%0.36%0.73%0.90%0.42%0.42%#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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% to OP Income0.00%0.00%0.00%0.00%0.00%0.00%4.25%-0.02%-5.08%-11.15%4.43%2.55%2.75%2.42%2.08%3.11%2.46%1.91%3.89%1.49%2.79%3.00%1.39%1.43%#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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% to Net0.00%0.00%0.00%0.00%0.00%0.00%4.71%-0.02%-4.19%2.55%7.39%1.23%3.16%3.15%2.35%3.75%3.90%2.19%1.94%1.63%3.12%3.79%1.67%1.83%#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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Executive Pay25.43210.28011.5298.92310.68112.48311.54211.65612.88422.6621.58119.11041.92226.61044.71373.39238.50638.898
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% to Revenue0.00%0.00%0.00%0.00%0.00%0.00%1.57%0.99%1.35%0.95%0.93%0.94%0.79%0.74%0.76%1.25%1.11%0.89%1.79%0.99%1.50%2.06%0.94%0.84%#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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% to OP Income0.00%0.00%0.00%0.00%0.00%0.00%8.00%-0.65%-9.33%-30.81%8.87%5.90%6.11%5.64%4.51%9.25%6.66%4.82%8.52%4.12%5.74%6.84%3.08%2.88%#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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% to Net0.00%0.00%0.00%0.00%0.00%0.00%8.87%-0.55%-7.69%7.05%14.79%2.84%7.03%7.34%5.10%11.16%10.57%5.53%4.24%4.51%6.42%8.64%3.70%3.69%#DIV/0!#DIV/0!#DIV/0!#DIV/0!
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