Synopsys Posts Financial Results for Second Quarter Fiscal Year 2015

  

SYNOPSYS, INC.

Unaudited Consolidated Statements of Cash Flows (1)

(in thousands)






 Six Months Ended April 30, 


2015


2014

CASH FLOWS FROM OPERATING ACTIVITIES:




Net income

$ 120,785


$  131,013

Adjustments to reconcile net income to net cash provided by operating activities:




Amortization and depreciation

102,051


91,585

Stock compensation

40,864


36,941

Allowance for doubtful accounts 

600


(250)

(Gain) loss on sale of investments

(17)


(6,529)

Deferred income taxes

27,636


9,266

Net changes in operating assets and liabilities, net of acquired assets and liabilities:




Accounts receivable

(16,491)


(59,577)

Prepaid and other current assets

(34,584)


(4,557)

Other long-term assets

(13,359)


(13,756)

Accounts payable and accrued liabilities

(62,142)


(83,135)

Income taxes

(27,077)


(15,021)

Deferred revenue

(70,530)


(48,069)

Net cash provided by operating activities

67,736


37,911





CASH FLOWS FROM INVESTING ACTIVITIES:




Proceeds from sales and maturities of short-term investments

17,721


-

Purchases of short-term investments

(154,744)


-

Proceeds from sales of long-term investments

-


7,304

Purchases of property and equipment

(43,979)


(29,901)

Cash paid for acquisitions and intangible assets, net of cash acquired

(2,303)


(367,965)

Capitalization of software development costs

(1,865)


(1,875)

Other

900


-

Net cash used in investing activities

(184,270)


(392,437)





CASH FLOWS FROM FINANCING ACTIVITIES:




Proceeds from credit facility

250,000


200,000

Repayment of debt

(105,424)


(15,497)

Issuances of common stock

54,006


53,326

Purchase of equity forward contract

(36,000)


-

Purchases of treasury stock

(144,000)


(79,747)

Other

(116)


(706)

Net cash provided by financing activities

18,466


157,376

Effect of exchange rate changes on cash and cash equivalents

(18,849)


(3,658)

Net change in cash and cash equivalents

(116,917)


(200,808)

Cash and cash equivalents, beginning of the year

985,762


1,022,441

Cash and cash equivalents, end of the period

$ 868,845


$  821,633


(1)  Synopsys' second quarter for fiscal year 2015 and 2014 ended on May 2, 2015 and May 3, 2014, respectively. For presentation purposes, we refer to the closest calendar month end.



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



Review Article Be the first to review this article
Aldec

ClioSoft at DAC

Featured Video
Jobs
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Upcoming Events
DAC 2018 at Moscone Center West San Francisco CA - Jun 24 - 28, 2018
Symposium on Counterfeit Parts and Materials 2018 at College Park Marriott Hotel & Conference Center MD - Jun 26 - 28, 2018
Concar Expo 2018 at Convention Hall II Sonnenallee 225 Berlin Germany - Jun 27 - 28, 2018
Nanotech 2019 at Tokyo Big Sight East Halls 4-6 & Conference Tower Tokyo Japan - Jun 30 - 1, 2018
DownStream: Solutions for Post Processing PCB Designs
Altair
TrueCircuits: IoTPLL



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — 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 PolicyAdvertise