Cadence Design Systems, Inc.

Condensed Consolidated Balance Sheets

June 28, 2014 and December 28, 2013

(In thousands)

(Unaudited)

June 28, 2014

December 28, 2013

Current assets:

Cash and cash equivalents

$         557,416

$                   536,260

Short-term investments

97,910

96,788

Receivables, net

101,924

107,624

Inventories

58,311

50,220

2015 notes hedges

455,844

306,817

Prepaid expenses and other

143,314

123,382

Total current assets

1,414,719

1,221,091

Property, plant and equipment, net of accumulated 
     depreciation of $584,613 and $568,494, respectively

239,314

238,715

Goodwill

559,957

456,905

Acquired intangibles, net of accumulated amortization of 
     $121,797 and $139,820, respectively

395,430

311,693

Long-term receivables

5,611

3,672

Other assets

170,802

196,525

Total assets

$                2,428,601

Current liabilities:

Revolving credit facility

$         100,000

$                               -

Convertible notes

333,333

324,826

2015 notes embedded conversion derivative

455,844

306,817

Accounts payable and accrued liabilities

216,959

216,594

Current portion of deferred revenue

301,911

299,973

Total current liabilities

1,148,210

Long-term liabilities:

Long-term portion of deferred revenue

46,800

52,850

Other long-term liabilities

70,502

71,436

Total long-term liabilities

117,302

124,286

Stockholders' equity

1,260,484

1,156,105

Total liabilities and stockholders' equity

$      2,785,833

$                2,428,601