Mentor Graphics Reports Fiscal Third Quarter Results
|
|
|
MENTOR GRAPHICS CORPORATION
|
|
UNAUDITED CONDENSED CONSOLIDATED BALANCE
SHEETS
|
|
(In thousands)
|
|
|
|
|
|
|
|
|
|
|
|
October 31,
|
|
January 31,
|
|
|
|
|
|
2015
|
|
|
|
2015
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
279,001
|
|
|
$
|
230,281
|
|
|
Trade accounts receivable, net
|
|
|
113,243
|
|
|
|
208,996
|
|
|
Term receivables, short-term
|
|
|
334,517
|
|
|
|
337,626
|
|
|
Prepaid expenses and other
|
|
|
66,761
|
|
|
|
65,853
|
|
|
Deferred income taxes
|
|
|
24,345
|
|
|
|
23,490
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
817,867
|
|
|
|
866,246
|
|
|
Property, plant, and equipment, net
|
|
|
172,724
|
|
|
|
170,737
|
|
|
Term receivables, long-term
|
|
|
283,756
|
|
|
|
301,862
|
|
|
Goodwill and intangible assets, net
|
|
|
648,568
|
|
|
|
645,506
|
|
|
Other assets
|
|
|
68,221
|
|
|
|
64,671
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$
|
1,991,136
|
|
|
$
|
2,049,022
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
Short-term borrowings
|
|
$
|
1,386
|
|
|
$
|
7,228
|
|
|
Notes payable, current portion
|
|
|
235,300
|
|
|
|
-
|
|
|
Accounts payable
|
|
|
9,744
|
|
|
|
12,687
|
|
|
Income taxes payable
|
|
|
6,041
|
|
|
|
5,994
|
|
|
Accrued payroll and related liabilities
|
|
|
69,615
|
|
|
|
108,553
|
|
|
Accrued and other liabilities
|
|
|
40,455
|
|
|
|
47,728
|
|
|
Deferred revenue
|
|
|
212,021
|
|
|
|
259,340
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
574,562
|
|
|
|
441,530
|
|
|
Long-term notes payable
|
|
|
5,188
|
|
|
|
230,400
|
|
|
Deferred revenue, long-term
|
|
|
18,149
|
|
|
|
21,251
|
|
|
Other long-term liabilities
|
|
|
69,518
|
|
|
|
69,615
|
|
|
Total liabilities
|
|
|
667,417
|
|
|
|
762,796
|
|
|
|
|
|
|
|
|
|
Convertible notes
|
|
|
17,700
|
|
|
|
-
|
|
|
Noncontrolling interest with redemption feature
|
|
|
-
|
|
|
|
13,372
|
|
|
|
|
|
|
|
|
|
Stockholders' equity:
|
|
|
|
|
|
Common stock
|
|
|
854,665
|
|
|
|
832,612
|
|
|
Retained earnings
|
|
|
468,902
|
|
|
|
451,901
|
|
|
Accumulated other comprehensive loss
|
|
|
(17,825
|
)
|
|
|
(11,887
|
)
|
|
Noncontrolling interest
|
|
|
277
|
|
|
|
228
|
|
|
Total stockholders' equity
|
|
|
1,306,019
|
|
|
|
1,272,854
|
|
|
|
|
|
|
|
|
|
Total liabilities and stockholders' equity
|
|
$
|
1,991,136
|
|
|
$
|
2,049,022
|
|
|
|
|
|
|
|
|
|
