Mentor Graphics Reports Fiscal Fourth 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 January 31,
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Twelve Months Ended January 31,
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2016
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2015
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2016
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2015
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Operating activities
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Net income
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$
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60,180
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$
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113,874
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$
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94,176
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$
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145,177
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Depreciation and amortization
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15,497
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14,782
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61,422
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58,046
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Other adjustments to reconcile:
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Operating cash
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15,621
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17,991
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43,597
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46,540
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Changes in working capital
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17,452
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(65,517
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29,401
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(111,555
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Net cash provided by operating activities
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108,750
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81,130
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228,596
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138,208
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Investing activities
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Net cash used in investing activities
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(14,999
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(32,490
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(52,968
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(128,838
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Financing activities
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Net cash (used in) provided by financing activities
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(37,757
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11,133
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(69,907
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(69,054
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Effect of exchange rate changes on cash and cash equivalents
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(169
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(2,100
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(1,176
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(3,357
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Net change in cash and cash equivalents
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55,825
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57,673
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104,545
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(63,041
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Cash and cash equivalents at beginning of period
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279,001
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172,608
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230,281
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293,322
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Cash and cash equivalents at end of period
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$
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334,826
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$
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230,281
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$
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334,826
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$
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230,281
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Other data:
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Capital expenditures, net
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$
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14,999
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$
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26,494
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$
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41,268
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$
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48,366
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Days sales outstanding
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132
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112
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