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

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

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

Revenue

2,069,784,000 US dollars

Cost of revenue (calculated)

264,467,000 US dollars

Gross profit (calculated)

1,805,317,000 US dollars

Operating expenses (calculated)

1,261,485,000 US dollars

Income from operations

543,832,000 US dollars

Other income (expense), net (calculated)

81,921,000 US dollars

Income before provision for income taxes

625,753,000 US dollars

Provision for income taxes

148,590,000 US dollars

Net income

477,163,000 US dollars

Product and maintenance revenue

1,873,842,000 US dollars

Service revenue

195,942,000 US dollars

Product and maintenance cost of revenue

169,758,000 US dollars

Service cost of revenue

94,709,000 US dollars

Marketing and sales

367,314,000 US dollars

Restructuring

247,000 US dollars

Research and development

749,698,000 US dollars

General and administrative

132,152,000 US dollars

Amortization of acquired intangibles

12,074,000 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.