Mentor Graphics Reports Fiscal First Quarter Results
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MENTOR GRAPHICS CORPORATION
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UNAUDITED CONDENSED CONSOLIDATED BALANCE
SHEETS
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(In thousands)
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April 30,
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January 31,
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2012
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2012
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Assets
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Current assets:
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Cash, cash equivalents, and short-term investments
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$
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134,811
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$
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146,499
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Restricted cash
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-
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4,237
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Trade accounts receivable, net
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117,981
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133,494
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Term receivables, short-term
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236,938
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221,430
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Prepaid expenses and other
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45,210
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43,972
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Deferred income taxes
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13,590
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17,803
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Total current assets
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548,530
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567,435
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Property, plant, and equipment, net
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152,026
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148,019
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Term receivables, long-term
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212,665
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220,355
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Goodwill and intangible assets, net
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552,262
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555,671
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Other assets
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63,670
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59,195
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Total assets
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$
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1,529,153
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$
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1,550,675
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Liabilities and Stockholders' Equity
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Current liabilities:
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Short-term borrowings
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$
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8,339
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$
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14,617
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Current portion of notes payable
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1,357
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1,349
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Accounts payable
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16,746
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17,261
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Income taxes payable
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2,365
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2,538
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Accrued payroll and related liabilities
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57,751
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112,349
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Accrued and other liabilities
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30,000
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34,284
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Deferred revenue
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207,974
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191,540
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Total current liabilities
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324,532
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373,938
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Long-term notes payable
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214,519
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213,224
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Deferred revenue, long-term
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12,649
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14,883
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Other long-term liabilities
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66,065
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73,290
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Total liabilities
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617,765
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675,335
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Noncontrolling interest with redemption feature
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9,291
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9,266
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Stockholders' equity:
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Common stock
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784,211
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775,362
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Retained earnings
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89,516
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62,032
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Accumulated other comprehensive income
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28,370
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28,680
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Total stockholders' equity
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902,097
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866,074
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Total liabilities and stockholders' equity
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$
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1,529,153
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$
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1,550,675
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