Mentor Graphics Reports Fiscal Second Quarter Results
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MENTOR GRAPHICS CORPORATION
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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
AND SUPPLEMENTAL INFORMATION
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(In thousands, except days sales outstanding)
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Three Months Ended July 31,
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Six Months Ended July 31,
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2012
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2011
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2012
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2011
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Operating activities
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Net income
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$
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17,555
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$
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4,334
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$
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45,085
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$
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1,981
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Depreciation and amortization (1)
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13,199
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13,779
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27,012
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36,190
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Other adjustments to reconcile:
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Operating cash
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3,493
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5,761
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10,193
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12,916
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Changes in working capital
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(6,005
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10,242
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(47,903
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(26,233
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)
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Net cash provided by operating activities
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28,242
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34,116
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34,387
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24,854
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Investing activities
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Net cash used in investing activities
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(11,929
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)
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(10,279
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(23,986
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)
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(18,660
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)
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Financing activities
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Net cash used in financing activities
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(3,838
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)
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(17,662
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(8,072
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(17,409
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Effect of exchange rate changes on cash and cash equivalents
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(925
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813
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(2,467
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1,571
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Net change in cash and cash equivalents
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11,550
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6,988
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(138
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(9,644
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Cash and cash equivalents at beginning of period
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134,811
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116,481
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146,499
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133,113
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Cash and cash equivalents at end of period
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$
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146,361
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$
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123,469
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$
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146,361
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$
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123,469
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(1
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Depreciation and amortization includes a write-off of note issuance
costs in the amount of $8,010 for the six months ended July 31, 2011.
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Other data:
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Capital expenditures
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$
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10,579
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$
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10,279
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$
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22,183
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$
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16,624
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Days sales outstanding
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128
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116
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