Mentor Graphics Reports Fiscal Second Quarter Results and Announces Quarterly Dividend
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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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2015 |
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2014 |
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2015 |
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2014 |
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Operating activities |
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| Net income |
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$ |
30,610 |
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$ |
13,769 |
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$ |
20,107 |
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$ |
10,744 |
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| Depreciation and amortization |
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15,119 |
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14,512 |
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30,160 |
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28,249 |
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| Other adjustments to reconcile: |
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| Operating cash |
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13,231 |
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11,298 |
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21,367 |
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17,820 |
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| Changes in working capital |
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(10,104 |
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9,944 |
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23,173 |
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(18,251 |
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| Net cash provided by operating activities |
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48,856 |
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49,523 |
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94,807 |
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38,562 |
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Investing activities |
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| Net cash used in investing activities |
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(10,240 |
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(37,511 |
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(22,168 |
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(85,091 |
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Financing activities |
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| Net cash provided by (used in) financing activities |
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8,196 |
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(13,443 |
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(6,582 |
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(72,736 |
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| Effect of exchange rate changes on cash and cash equivalents |
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(1,138 |
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(33 |
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(891 |
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304 |
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| Net change in cash and cash equivalents |
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45,674 |
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(1,464 |
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65,166 |
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(118,961 |
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| Cash and cash equivalents at beginning of period |
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249,773 |
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175,825 |
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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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$ |
295,447 |
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$ |
174,361 |
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$ |
295,447 |
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$ |
174,361 |
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Other data: |
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| Capital expenditures, net |
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$ |
10,240 |
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$ |
7,145 |
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$ |
14,968 |
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$ |
13,315 |
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| Days sales outstanding |
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142 |
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147 |
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