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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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
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$
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41,762
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$
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13,889
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$
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31,763
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$
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33,996
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Depreciation and amortization
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15,635
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15,765
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45,469
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45,925
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Other adjustments to reconcile:
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Operating cash
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15,336
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6,609
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39,527
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27,976
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Changes in working capital
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(58,533
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(8,799
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)
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26,947
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14,379
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Net cash provided by operating activities
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14,200
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27,464
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143,706
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122,276
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Investing activities
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Net cash used in investing activities
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(24,768
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(15,801
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(55,344
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(37,969
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Financing activities
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Net cash provided by (used in) financing activities
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7,491
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(27,993
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(163,317
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(34,580
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Effect of exchange rate changes on cash and cash equivalents
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43
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(116
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2,891
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(1,007
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Net change in cash and cash equivalents
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(3,034
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(16,446
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(72,064
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48,720
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Cash and cash equivalents at beginning of period
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265,796
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295,447
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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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262,762
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$
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279,001
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$
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262,762
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$
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279,001
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Other data:
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Capital expenditures, net
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$
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17,968
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$
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11,301
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$
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43,585
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$
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26,269
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Days sales outstanding
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120
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139
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