Mentor Graphics Reports Fiscal Second Quarter Results
|
MENTOR GRAPHICS CORPORATION
|
|
UNAUDITED CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS AND SUPPLEMENTAL INFORMATION
|
|
(In thousands, except days sales outstanding)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31,
|
|
Six Months Ended July 31,
|
|
|
|
|
|
2011
|
|
2010
|
|
2011
|
|
2010
|
|
Operating activities
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
4,334
|
|
|
$
|
(14,247
|
)
|
|
$
|
1,981
|
|
|
$
|
(37,272
|
)
|
|
Depreciation and amortization (1)
|
|
|
13,779
|
|
|
|
15,187
|
|
|
|
36,190
|
|
|
|
29,577
|
|
|
Other adjustments to reconcile:
|
|
|
|
|
|
|
|
|
|
Operating cash
|
|
|
5,761
|
|
|
|
9,086
|
|
|
|
12,916
|
|
|
|
13,801
|
|
|
Changes in working capital
|
|
|
10,242
|
|
|
|
(22,879
|
)
|
|
|
(26,233
|
)
|
|
|
8,689
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities
|
|
|
34,116
|
|
|
|
(12,853
|
)
|
|
|
24,854
|
|
|
|
14,795
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investing activities
|
|
|
|
|
|
|
|
|
|
Net cash used in investing activities
|
|
|
(10,279
|
)
|
|
|
(11,991
|
)
|
|
|
(18,660
|
)
|
|
|
(29,386
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing activities
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities
|
|
|
(17,662
|
)
|
|
|
13,876
|
|
|
|
(17,409
|
)
|
|
|
4,321
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash and cash equivalents
|
|
|
813
|
|
|
|
555
|
|
|
|
1,571
|
|
|
|
246
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in cash and cash equivalents
|
|
|
6,988
|
|
|
|
(10,413
|
)
|
|
|
(9,644
|
)
|
|
|
(10,024
|
)
|
|
Cash and cash equivalents at beginning of period
|
|
|
116,481
|
|
|
|
99,729
|
|
|
|
133,113
|
|
|
|
99,340
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period
|
|
$
|
123,469
|
|
|
$
|
89,316
|
|
|
$
|
123,469
|
|
|
$
|
89,316
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
Depreciation and amortization includes a write-off of note issuance
costs in the amount of $8,010 for the six months ended July 31, 2011
and $132 for the six months ended July 31, 2010.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other data:
|
|
|
|
|
|
|
|
|
|
Capital expenditures
|
|
$
|
10,279
|
|
|
$
|
10,880
|
|
|
$
|
16,624
|
|
|
$
|
18,488
|
|
|
Days sales outstanding
|
|
|
116
|
|
|
|
130
|
|
|
|
|
|
|
