Mentor Graphics Reports Fiscal Third Quarter Results
|
MENTOR GRAPHICS CORPORATION
|
|
UNAUDITED CONSOLIDATED
STATEMENTS OF CASH FLOWS AND SUPPLEMENTAL INFORMATION
|
|
(In thousands, except days sales outstanding)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
|
|
|
|
|
|
October 31, 2008
|
|
October 31, 2007
|
|
October 31, 2008
|
|
October 31, 2007
|
|
Operating activities
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
$
|
(78,244
|
)
|
|
$
|
(8,796
|
)
|
|
$
|
(120,339
|
)
|
|
$
|
(6,123
|
)
|
|
Depreciation and amortization (1)
|
|
|
15,532
|
|
|
|
12,702
|
|
|
|
42,509
|
|
|
|
36,153
|
|
|
Other adjustments to reconcile:
|
|
|
|
|
|
|
|
|
|
Operating cash
|
|
|
20,413
|
|
|
|
3,528
|
|
|
|
48,633
|
|
|
|
13,934
|
|
|
Changes in working capital
|
|
|
4,231
|
|
|
|
7,242
|
|
|
|
34,266
|
|
|
|
(23,805
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities
|
|
|
(38,068
|
)
|
|
|
14,676
|
|
|
|
5,069
|
|
|
|
20,159
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investing activities
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities
|
|
|
(4,471
|
)
|
|
|
10,097
|
|
|
|
(82,014
|
)
|
|
|
(38,306
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing activities
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities
|
|
|
33,211
|
|
|
|
(8,146
|
)
|
|
|
40,126
|
|
|
|
4,903
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash and cash equivalents
|
|
|
(3,752
|
)
|
|
|
569
|
|
|
|
(3,514
|
)
|
|
|
1,372
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in cash and cash equivalents
|
|
|
(13,080
|
)
|
|
|
17,196
|
|
|
|
(40,333
|
)
|
|
|
(11,872
|
)
|
|
Cash and cash equivalents at beginning of period
|
|
|
90,673
|
|
|
|
66,164
|
|
|
|
117,926
|
|
|
|
95,232
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period
|
|
$
|
77,593
|
|
|
$
|
83,360
|
|
|
$
|
77,593
|
|
|
$
|
83,360
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
|
Depreciation and amortization includes a write-off of note issuance
costs in the amount of $119 for the three months ending October 31,
2007 and $181 for the nine months ending October 31, 2007.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other data:
|
|
|
|
|
|
|
|
|
|
Capital expenditures
|
|
$
|
14,077
|
|
|
$
|
9,154
|
|
|
$
|
33,850
|
|
|
$
|
29,308
|
|
|
Days sales outstanding
|
|
|
119
|
|
|
|
131
|
|
|
|
-
|
|
|
|
-
|
|
|
