Cadence Design Systems, Inc.

Condensed Consolidated Balance Sheets

April 4, 2015 and January 3, 2015

(In thousands)

(Unaudited)

April 4,

2015

January 3,

2015

Current assets:

Cash and cash equivalents

$        887,736

$             932,161

Short-term investments

92,640

90,445

Receivables, net

133,924

122,492

Inventories

54,450

56,394

2015 notes hedges

429,847

523,930

Prepaid expenses and other

135,047

126,313

Total current assets

1,733,644

1,851,735

Property, plant and equipment, net of accumulated

depreciation of $560,774 and $552,551, respectively

225,556

230,112

Goodwill

553,942

553,767

Acquired intangibles, net of accumulated amortization of 

$169,013 and $154,814, respectively

344,450

360,932

Long-term receivables

3,619

3,644

Other assets

201,354

209,366

Total assets

$          3,209,556

Current liabilities:

Convertible notes

$        293,667

$             342,499

2015 notes embedded conversion derivative

429,847

523,930

Accounts payable and accrued liabilities

178,474

225,375

Current portion of deferred revenue

324,448

301,287

Total current liabilities

1,393,091

Long-term liabilities:

Long-term portion of deferred revenue

48,418

54,726

Long-term debt

348,705

348,676

Other long-term liabilities

75,816

79,489

Total long-term liabilities

472,939

482,891

Stockholders' equity

1,363,190

1,333,574

Total liabilities and stockholders' equity

$     3,062,565

$          3,209,556