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RECEIVABLES, NET | 6 Months Ended
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Jun. 30, 2025
Receivables [Abstract] |
RECEIVABLES, NET | RECEIVABLES, NET Cadence’s current and long-term receivables balances as of June 30, 2025 and December 31, 2024 were as follows:
| As of
| June 30, 2025 |  | December 31, 2024
| (In thousands)
Accounts receivable | $ | 359,103 |  |  | $ | 393,017 |
Unbilled accounts receivable | 315,586 |  |  | 293,251 |
Long-term receivables | 51,464 |  |  | 24,179 |
Total receivables | 726,153 |  |  | 710,447 |
Less allowance for doubtful accounts | (4,523) |  |  | (5,808) |
Total receivables, net | $ | 721,630 |  |  | $ | 704,639 |
Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of June 30, 2025, one customer accounted for approximately 10% 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 + Details
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