|
(1) |
Synopsys' fourth quarter ended on the Saturday nearest October 31. For presentation purposes, the Unaudited Consolidated Balance Sheets refer to a calendar month end. | |||||
|
SYNOPSYS, INC. | |||
|
Unaudited Consolidated Statements of Cash Flows (1) | |||
|
(in thousands) | |||
|
| |||
|
|
Twelve Months Ended October 31, | ||
|
|
2011 |
|
2010 |
|
CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
|
|
Net income |
$221,364 |
|
$237,063 |
|
Adjustments to reconcile net income to net cash provided by operating |
|
|
|
|
activities: |
|
|
|
|
Amortization and depreciation |
128,550 |
|
101,201 |
|
Stock compensation |
56,414 |
|
59,988 |
|
Allowance for doubtful accounts |
1,058 |
|
(899) |
|
Write-down of long-term investments |
999 |
|
468 |
|
Gain on sale of investments |
(936) |
|
(3,995) |
|
Deferred income taxes |
22,278 |
|
38,356 |
|
Net changes in operating assets and liabilities, net of |
|
|
|
|
acquired assets and liabilities: |
|
|
|
|
Accounts receivable |
(18,974) |
|
(16,202) |
|
Prepaid and other current assets |
(13,445) |
|
4,638 |
|
Other long-term assets |
(4,248) |
|
(5,923) |
|
Accounts payable and other liabilities |
(7,408) |
|
10,566 |
|
Income taxes |
(58,377) |
|
(94,052) |
|
Deferred revenue |
113,041 |
|
9,827 |
|
Net cash provided by operating activities |
440,316 |
|
341,036 |
|
|
|
|
|
|
CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
|
Proceeds from sales and maturities of short-term investments |
136,983 |
|
547,686 |
|
Purchases of short-term investments |
(127,385) |
|
(243,515) |
|
Proceeds from sales of long-term investments |
2,828 |
|
- |
|
Purchases of property and equipment |
(57,345) |
|
(39,223) |
|
Cash paid for acquisitions, net of cash acquired |
(41,015) |
|
(500,829) |
|
Capitalization of software development costs |
(2,885) |
|
(2,852) |
|
Net cash used in investing activities |
(88,819) |
|
(238,733) |
|
|
|
|
|
|
CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
|
Principal payments on capital leases |
(4,628) |
|
(3,692) |
|
Issuances of common stock |
162,180 |
|
145,329 |
|
Purchase of equity forward contract |
(33,335) |
|
- |
|
Purchases of treasury stock |
(401,836) |
|
(184,699) |
|
Net cash used in financing activities |
(277,619) |
|
(43,062) |
|
Effect of exchange rate changes on cash and cash equivalents |
5,792 |
|
14,553 |
|
Net change in cash and cash equivalents |
79,670 |
|
73,794 |
|
Cash and cash equivalents, beginning of the year |
775,407 |
|
701,613 |
|
Cash and cash equivalents, end of the year |
$855,077 |
|
$775,407 |
