Tax
Tax Reconciliation: Tax Credits
Cadence Design Systems Tax Reconciliation: Tax Credits remained flat by 0.0% to $33.84M in Q4 2024 compared to the prior quarter. Year-over-year, this metric grew by 3.8%, from $32.60M to $33.84M. Over 3 years (FY 2021 to FY 2024), Tax Reconciliation: Tax Credits shows an upward trend with a 14.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementIncome Statement
SectionTax
CategoryEfficiency
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ4 2024Feb 19, 2026
How to read this metric
Higher values indicate effective utilization of government tax incentives, which improves net income and cash flow.
Detailed definition
The total value of tax credits applied to reduce the company's income tax liability. These credits are direct reductions...
Peer comparison
Standard metric for companies utilizing investment or operational tax credits to optimize their tax profile.
Metric ID:
tmo_tax_reconciliation_tax_creditsHistorical Data
4 years
| FY'21 | FY'22 | FY'23 | FY'24 | |
|---|---|---|---|---|
| Value | $90.05M | $105.37M | $130.38M | $135.34M |
| YoY Change | — | +17.0% | +23.7% | +3.8% |
Range$90.05M – $135.34M
CAGR+14.5%
Avg YoY Growth+14.9%
Median YoY Growth+17.0%
Current Streak3+ years growth
Tax Reconciliation: Tax Credits at Other Companies
Frequently Asked Questions
- What is Cadence Design Systems's tax reconciliation: tax credits?
- Cadence Design Systems (CDNS) reported tax reconciliation: tax credits of $33.84M in Q4 2024.
- How has Cadence Design Systems's tax reconciliation: tax credits changed year-over-year?
- Cadence Design Systems's tax reconciliation: tax credits increased by 3.8% year-over-year, from $32.60M to $33.84M.
- What is the long-term trend for Cadence Design Systems's tax reconciliation: tax credits?
- Over 3 years (2021 to 2024), Cadence Design Systems's tax reconciliation: tax credits has grown at a 14.5% compound annual growth rate (CAGR), from $90.05M to $135.34M.
- What does tax reconciliation: tax credits mean?
- Tax credits that lower the total income tax expense.