Mentor Graphics Reports Fiscal First Quarter Results
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MENTOR GRAPHICS CORPORATION
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UNAUDITED CONSOLIDATED
STATEMENTS OF CASH FLOWS AND SUPPLEMENTAL INFORMATION
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(In thousands, except Day sales outstanding)
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Three Months Ended April 30,
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2009
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2008
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Operating activities
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Net lossa
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$
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(12,956
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)
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$
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(25,496
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)
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Depreciation and amortization a(1)
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16,063
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14,584
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Other adjustments to reconcile:
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Operating cash a
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10,220
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6,527
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Changes in working capital a
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(14,297
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)
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49,344
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Net cash (used in) provided by operating activities
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(970
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)
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44,959
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Investing activities
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Net cash used in investing activities
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(4,723
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)
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(35,676
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)
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Financing activities
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Net cash used in financing activities
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(8,794
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)
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(3,812
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)
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Effect of exchange rate changes on cash and cash equivalents
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(378
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)
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442
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Net change in cash and cash equivalents
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(14,865
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)
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5,913
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Cash and cash equivalents at beginning of period
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93,642
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117,926
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Cash and cash equivalents at end of period
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$
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78,777
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$
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123,839
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a
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Adjusted for the retrospective adoption of FSP APB 14-1 and
reclassification of the French research and development credit.
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(1)
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Depreciation and amortization includes a write-off of note issuance
costs in the amount of $16 for the three months ended April 30, 2009.
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Other data:
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Capital expenditures
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$
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4,570
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$
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8,974
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Days sales outstanding
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117
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132
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