Synopsys Posts Financial Results for First Quarter Fiscal Year 2014

 


SYNOPSYS, INC.

Unaudited Consolidated Statements of Cash Flows (1)

(in thousands)






 Three Months Ended January 31, 


2014


2013

CASH FLOWS FROM OPERATING ACTIVITIES:




Net income

$               67,696


$               69,922

Adjustments to reconcile net income to net cash provided by operating




    activities:




Amortization and depreciation

43,714


47,064

Stock compensation

18,118


17,700

Allowance for doubtful accounts 

(400)


2,083

Gain on sale of investments

(6,529)


-

Deferred income taxes

5,891


(4,900)

Net changes in operating assets and liabilities, net of 




acquired assets and liabilities:




Accounts receivable

7,910


20,341

Prepaid and other current assets

(13,635)


(23,329)

Other long-term assets

(6,695)


(10,484)

Accounts payable and other liabilities

(134,902)


(152,207)

Income taxes

(10,068)


(1,597)

Deferred revenue

(44,992)


(56,031)

Net cash used in operating activities

(73,892)


(91,438)





CASH FLOWS FROM INVESTING ACTIVITIES:




Proceeds from sales of long-term investments

6,791


-

Purchases of property and equipment

(14,353)


(13,980)

Cash paid for acquisitions, net of cash acquired

(900)


-

Capitalization of software development costs

(902)


(825)

Net cash used in investing activities

(9,364)


(14,805)





CASH FLOWS FROM FINANCING ACTIVITIES:




Principal payments on capital leases

(111)


(409)

Acquisition of non-controlling interest

-


(44,004)

Repayment of acquired debt

(7,748)


(7,619)

Issuances of common stock

21,581


15,615

Purchases of treasury stock

(54,747)


-

Net cash (used in) provided by financing activities

(41,025)


(36,417)

Effect of exchange rate changes on cash and cash equivalents

(5,107)


(7,357)

Net change in cash and cash equivalents

(129,388)


(150,017)

Cash and cash equivalents, beginning of the year

1,022,441


700,382

Cash and cash equivalents, end of the period

$             893,053


$             550,365









(1)  Synopsys' first quarter of fiscal 2014 and 2013 ended on February 1, 2014 and February 2, 2013, respectively. For presentation purposes, we refer to periods ended January 31.  


« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise