CADENCE DESIGN SYSTEMS, INC. (CDNS) FY2024 Q2 P&L / Income Statement

CADENCE DESIGN SYSTEMS, INC. (CDNS) FY2024 Q2 P&L / Income Statement

Income statement for 2024-04-01 through 2024-06-30. View: Product and service. Revenue and costs use their disclosed categories.

Revenue

1,060,681,000 US dollars

Cost of revenue (calculated)

139,270,000 US dollars

Gross profit (calculated)

921,411,000 US dollars

Operating expenses (calculated)

627,535,000 US dollars

Income from operations

293,876,000 US dollars

Other income (expense), net (calculated)

21,834,000 US dollars

Income before provision for income taxes

315,710,000 US dollars

Provision for income taxes

86,190,000 US dollars

Net income

229,520,000 US dollars

Product and maintenance revenue

960,457,000 US dollars

Service revenue

100,224,000 US dollars

Product and maintenance cost of revenue

94,363,000 US dollars

Service cost of revenue

44,907,000 US dollars

Marketing and sales

186,725,000 US dollars

Restructuring

negative 33,000 US dollars

Research and development

370,740,000 US dollars

General and administrative

63,436,000 US dollars

Amortization of acquired intangibles

6,667,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.