Common stock, shares authorized (in shares)

[Table of](#i090043fcb1da400aaac214abf3d3ee98_7) [Contents](#i090043fcb1da400aaac214abf3d3ee98_7)CADENCE DESIGN SYSTEMS, INC. CONSOLIDATED BALANCE SHEETSJanuary 1, 2022 and January 2, 2021(In thousands, except par value) 

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of |
|  | January 1,2022 |  | January 2,2021 |
| ASSETS |
| Current assets: |  |  |  |
| Cash and cash equivalents | $ | 1,088,940  |  |  | $ | 928,432  |  |
| Receivables, net | 337,596  |  |  | 338,487  |  |
| Inventories | 115,721  |  |  | 75,956  |  |
| Prepaid expenses and other | 173,512  |  |  | 135,712  |  |
| Total current assets | 1,715,769  |  |  | 1,478,587  |  |
| Property, plant and equipment, net  | 305,911  |  |  | 311,125  |  |
| Goodwill | 928,358  |  |  | 782,087  |  |
| Acquired intangibles, net  | 233,265  |  |  | 210,590  |  |
| Deferred taxes | 763,770  |  |  | 732,290  |  |
| Other assets | 439,226  |  |  | 436,106  |  |
| Total assets | $ | 4,386,299  |  |  | $ | 3,950,785  |  |
| LIABILITIES AND STOCKHOLDERS’ EQUITY |
| Current liabilities: |  |  |  |
|  |  |  |  |
| Accounts payable and accrued liabilities | $ | 417,283  |  |  | $ | 349,951  |  |
| Current portion of deferred revenue | 553,942  |  |  | 446,857  |  |
| Total current liabilities | 971,225  |  |  | 796,808  |  |
| Long-term liabilities: |  |  |  |
| Long-term portion of deferred revenue | 101,148  |  |  | 107,064  |  |
| Long-term debt | 347,588  |  |  | 346,793  |  |
| Other long-term liabilities | 225,663  |  |  | 207,102  |  |
| Total long-term liabilities | 674,399  |  |  | 660,959  |  |
| Commitments and contingencies (Notes 8, 12 and 18) |  |  |  |
| Stockholders’ equity: |  |  |  |
| Preferred stock – $0.01 par value; authorized 400 shares, none issued or outstanding | —  |  |  | —  |  |
| Common stock – $0.01 par value; authorized 600,000 shares; issued and outstanding shares: 276,796 and 278,941, respectively | 2,467,701  |  |  | 2,217,939  |  |
| Treasury stock, at cost; 52,363 shares and 50,219 shares, respectively | (2,740,003) |  |  | (2,057,829) |  |
| Retained earnings | 3,046,288  |  |  | 2,350,333  |  |
| Accumulated other comprehensive loss | (33,311) |  |  | (17,425) |  |
| Total stockholders’ equity | 2,740,675  |  |  | 2,493,018  |  |
| Total liabilities and stockholders’ equity | $ | 4,386,299  |  |  | $ | 3,950,785  |  |

  
  
  
See notes to consolidated financial statements.49
