Mentor Graphics Reports Fiscal First 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 April 30,
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2012
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2011
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Operating activities
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Net income (loss)
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$
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27,530
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$
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(2,353
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)
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Depreciation and amortization (1)
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13,813
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22,411
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Other adjustments to reconcile:
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Operating cash
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6,700
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7,155
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Changes in working capital
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(41,898
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)
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(36,475
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)
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Net cash provided by (used in) operating activities
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6,145
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(9,262
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)
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Investing activities
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Net cash used in investing activities
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(12,057
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)
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(8,381
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)
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Financing activities
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Net cash provided by (used in) financing activities
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(4,234
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)
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253
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Effect of exchange rate changes on cash and cash equivalents
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(1,542
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)
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758
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Net change in cash and cash equivalents
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(11,688
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)
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(16,632
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Cash and cash equivalents at beginning of period
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146,499
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133,113
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Cash and cash equivalents at end of period
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$
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134,811
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$
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116,481
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(1) Depreciation and amortization includes a write-off of
note issuance costs in the amount of $8,010 for the three months
ended April 30, 2011.
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Other data:
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Capital expenditures
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$
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(11,604
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)
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$
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(6,345
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Days sales outstanding
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129
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126
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