Synopsys Posts Financial Results for Third Quarter Fiscal Year 2014

 

SYNOPSYS, INC.

Unaudited Consolidated Statements of Cash Flows (1)

(in thousands)






 Nine Months Ended July 31, 


2014


2013

CASH FLOWS FROM OPERATING ACTIVITIES:




Net income

$  196,669


$ 190,910

Adjustments to reconcile net income to net cash provided by operating




    activities:




Amortization and depreciation

140,750


141,756

Stock compensation

58,341


49,719

Allowance for doubtful accounts 

(750)


901

Gain on sale of investments

(6,538)


(101)

Deferred income taxes

7,459


7,272

Net changes in operating assets and liabilities, net of 




acquired assets and liabilities:




Accounts receivable

24,834


8,207

Prepaid and other current assets

982


(14,617)

Other long-term assets

(18,847)


(20,292)

Accounts payable and other liabilities

(28,270)


(48,188)

Income taxes

(18,950)


(475)

Deferred revenue

22,361


(9,722)

Net cash provided by operating activities

378,041


305,370





CASH FLOWS FROM INVESTING ACTIVITIES:




Proceeds from sales of long-term investments

7,313


222

Purchases of property and equipment

(58,085)


(47,624)

Proceeds from sales of property and equipment

-


2,000

Cash paid for acquisitions, net of cash acquired

(373,513)


-

Capitalization of software development costs

(2,812)


(2,681)

Other

(3,000)


-

Net cash used in investing activities

(430,097)


(48,083)





CASH FLOWS FROM FINANCING ACTIVITIES:




Proceeds from credit facility

200,000


-

Repayment of debt

(223,239)


(22,975)

Acquisition of non-controlling interest

-


(44,004)

Issuances of common stock

45,336


90,529

Purchases of treasury stock

(79,747)


(69,999)

Other

(5,008)


(5,781)

Net cash used in financing activities

(62,658)


(52,230)

Effect of exchange rate changes on cash and cash equivalents

(4,681)


(13,069)

Net change in cash and cash equivalents

(119,395)


191,988

Cash and cash equivalents, beginning of the year

1,022,441


700,382

Cash and cash equivalents, end of the period

$  903,046


$ 892,370









(1)  Synopsys' third quarter of fiscal 2014 and 2013 ended on August 2, 2014 and August 3, 2013, respectively. For presentation purposes, we refer to periods ended July 31.  


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



Review Article Be the first to review this article

ALDEC:

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Synopsys: Is 40 the new 20?
More Editorial  
Jobs
Senior Physical Design Engineer for Ambiq Micro at Austin, TX
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
Technical Support Engineer for EDA Careers at Freemont, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Senior DSP Architect / System Engineer for General Dynamics Mission Systems at Scottsdale, AZ
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Upcoming Events
DesignCon 2017 at Santa Clara Convention Center Santa Clara CA - Jan 31 - 2, 2017
Embedded Neural Network Summit at San Jose CA - Feb 1, 2017
International Solid-State Circuits Conference (ISSCC) at San Francisco CA - Feb 5 - 9, 2017
Pan Pacific Microelectronics Symposium at Sheraton Poipu Kauai Resort Kauai HI - Feb 6 - 9, 2017
CST: Webinars Begin on February 9
TrueCircuits: UltraPLL



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy