Mentor Graphics Reports Fiscal Second 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 July 31,
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Six Months Ended July 31,
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2016
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2015
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2016
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2015
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Operating activities
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Net income (loss)
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$
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3,437
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$
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30,610
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$
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(9,999
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)
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$
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20,107
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Depreciation and amortization
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15,040
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15,119
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29,834
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30,160
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Other adjustments to reconcile:
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Operating cash
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16,281
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13,231
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24,191
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21,367
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Changes in working capital
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49,918
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(10,099
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)
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85,480
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23,178
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Net cash provided by operating activities
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84,676
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48,861
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129,506
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94,812
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Investing activities
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Net cash used in investing activities
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(20,374
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)
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(10,240
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)
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(30,576
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)
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(22,168
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)
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Financing activities
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Net cash (used in) provided by financing activities
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(14,828
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)
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8,191
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(170,808
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)
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(6,587
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)
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Effect of exchange rate changes on cash and cash equivalents
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(3
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(1,138
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)
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2,848
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(891
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Net change in cash and cash equivalents
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49,471
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45,674
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(69,030
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)
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65,166
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Cash and cash equivalents at beginning of period
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216,325
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249,773
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334,826
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230,281
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Cash and cash equivalents at end of period
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$
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265,796
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$
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295,447
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$
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265,796
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$
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295,447
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Other data:
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Capital expenditures, net
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$
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15,415
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$
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10,240
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$
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25,617
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$
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14,968
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Days sales outstanding
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136
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142
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