Mentor Graphics Reports Fiscal Second 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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July 31,
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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 and cash equivalents
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$
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146,361
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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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99,097
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133,494
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Term receivables, short-term
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242,359
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221,430
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Prepaid expenses and other
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41,248
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43,972
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Deferred income taxes
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15,386
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17,803
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Total current assets
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544,451
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567,435
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Property, plant, and equipment, net
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155,081
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148,019
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Term receivables, long-term
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217,338
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220,355
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Goodwill and intangible assets, net
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548,723
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555,671
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Other assets
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64,067
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59,195
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Total assets
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$
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1,529,660
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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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9,235
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$
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14,617
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Current portion of notes payable
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1,369
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1,349
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Accounts payable
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14,492
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17,261
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Income taxes payable
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7,389
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2,538
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Accrued payroll and related liabilities
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50,796
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112,349
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Accrued and other liabilities
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35,437
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34,284
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Deferred revenue
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202,136
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191,540
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Total current liabilities
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320,854
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373,938
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Long-term notes payable
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215,837
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213,224
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Deferred revenue, long-term
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10,849
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14,883
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Other long-term liabilities
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58,063
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73,290
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Total liabilities
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605,603
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675,335
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Noncontrolling interest with redemption feature
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8,226
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9,266
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Stockholders' equity:
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Common stock
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785,755
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775,362
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Retained earnings
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108,123
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62,032
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Accumulated other comprehensive income
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21,953
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28,680
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Total stockholders' equity
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915,831
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866,074
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Total liabilities and stockholders' equity
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$
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1,529,660
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$
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1,550,675
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