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RECEIVABLES, NET

3 Months Ended

Mar. 31, 2025

Receivables [Abstract]

RECEIVABLES, NET

RECEIVABLES, NET

Cadence’s current and long-term receivables balances as of March 31, 2025 and December 31, 2024 were as follows:

			As of
			March 31, 2025						December 31, 2024
			(In thousands)
Accounts receivable			$	314,976					$	393,017
Unbilled accounts receivable			270,298						293,251
Long-term receivables			24,186						24,179
Total receivables			609,460						710,447
Less allowance for doubtful accounts			(4,387)						(5,808)
Total receivables, net			$	605,073					$	704,639

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of March 31, 2025, no single customer accounted for 10% or more of Cadence’s total receivables. As of December 31, 2024, one customer accounted for approximately 11% of Cadence’s total receivables.

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- Definition

The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/310-10/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

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- References

No definition available.

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