Mentor Graphics Reports Fiscal Third 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 October 31,
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Nine Months Ended October 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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$
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13,889
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$
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20,559
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$
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33,996
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$
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31,303
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Depreciation and amortization
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15,765
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15,015
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45,925
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43,264
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Other adjustments to reconcile:
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Operating cash
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6,609
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10,729
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27,976
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28,549
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Changes in working capital
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(11,224
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(27,787
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11,949
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(46,038
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Net cash provided by operating activities
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25,039
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18,516
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119,846
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57,078
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Investing activities
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Net cash used in investing activities
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(15,801
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(11,257
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(37,969
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(96,348
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Financing activities
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Net cash used in financing activities
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(25,568
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(7,451
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(32,150
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(80,187
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Effect of exchange rate changes on cash and cash equivalents
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(116
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(1,561
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(1,007
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(1,257
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Net change in cash and cash equivalents
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(16,446
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(1,753
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48,720
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(120,714
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Cash and cash equivalents at beginning of period
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295,447
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174,361
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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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279,001
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$
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172,608
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$
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279,001
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$
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172,608
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Other data:
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Capital expenditures, net
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$
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11,301
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$
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8,557
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$
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26,269
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$
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21,872
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Days sales outstanding
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139
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129
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