Mentor Graphics Reports Fiscal Fourth Quarter Results and Announces 11% Dividend Increase
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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 January 31,
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Twelve Months Ended January 31,
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2014
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2013
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2014
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2013
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Operating activities
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Net income
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$
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105,107
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$
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61,483
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$
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153,558
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$
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138,634
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Depreciation and amortization
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13,047
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13,350
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52,454
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53,551
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Other adjustments to reconcile:
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Operating cash
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12,365
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6,042
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35,471
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20,352
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Changes in working capital
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(44,843
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5,540
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(91,781
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(73,250
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Net cash provided by operating activities
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85,676
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86,415
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149,702
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139,287
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Investing activities
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Net cash used in investing activities
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(23,893
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(23,262
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(56,375
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(60,782
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Financing activities
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Net cash provided by (used in) financing activities
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13,128
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2,079
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(21,007
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1,943
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Effect of exchange rate changes on cash and cash equivalents
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(1,496
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(1,179
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(2,781
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(3,164
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Net change in cash and cash equivalents
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73,415
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64,053
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69,539
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77,284
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Cash and cash equivalents at beginning of period
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219,907
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159,730
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223,783
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146,499
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Cash and cash equivalents at end of period (a)
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$
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293,322
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$
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223,783
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$
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293,322
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$
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223,783
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Other data:
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Capital expenditures
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$
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9,395
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$
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9,555
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$
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30,761
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$
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45,130
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Days sales outstanding
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102
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112
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(a) The condensed consolidated balance sheet at January 31, 2014
includes $3,990 of short-term investments in the "Cash, cash
equivalents, and short-term investments" line item. $3,990 should be
deducted from that line item to reconcile to the amount of "Cash and
cash equivalents at end of period" presented in this statement for
the three and twelve months ended January 31, 2014.
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