Increase (decrease) in amount of unrecognized tax benefits
Cadence Design Systems Increase (decrease) in amount of unrecognized tax benefits remained flat by 0.0% to -$2.27M in Q4 2024 compared to the prior quarter. Year-over-year, this metric declined by 146.1%, from $4.92M to -$2.27M. Over 3 years (FY 2021 to FY 2024), Increase (decrease) in amount of unrecognized tax benefits shows a downward trend with a 81.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests higher tax uncertainty or aggressive tax planning, while a decrease suggests resolution of past uncertainties.
Detailed definition
This represents the net change in the total reserve for uncertain tax positions during the reporting period. It reflects...
Peer comparison
Standard disclosure under ASC 740 regarding uncertain tax positions.
other_unrecognized_tax_benefits_period_increase_decreaseHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | |
|---|---|---|---|---|
| Value | -$1.51M | -$2.35M | $19.66M | -$9.06M |
| YoY Change | — | -55.8% | +935.2% | -146.1% |
Increase (decrease) in amount of unrecognized tax benefits at Other Companies
Frequently Asked Questions
- What is Cadence Design Systems's increase (decrease) in amount of unrecognized tax benefits?
- Cadence Design Systems (CDNS) reported increase (decrease) in amount of unrecognized tax benefits of -$2.27M in Q4 2024.
- How has Cadence Design Systems's increase (decrease) in amount of unrecognized tax benefits changed year-over-year?
- Cadence Design Systems's increase (decrease) in amount of unrecognized tax benefits decreased by 146.1% year-over-year, from $4.92M to -$2.27M.
- What is the long-term trend for Cadence Design Systems's increase (decrease) in amount of unrecognized tax benefits?
- Over 3 years (2021 to 2024), Cadence Design Systems's increase (decrease) in amount of unrecognized tax benefits has grown at a 81.7% compound annual growth rate (CAGR), from -$1.51M to -$9.06M.
- What does increase (decrease) in amount of unrecognized tax benefits mean?
- The net change in the company's reserve for uncertain tax positions.