Cadence Reports Second Quarter 2016 Financial Results

 

Cadence Design Systems, Inc. 

Condensed Consolidated Statements of Cash Flows

For the Six Months Ended July 2, 2016 and July 4, 2015

(In thousands)

(Unaudited)







Six Months Ended


July 2, 


July 4,


2016


2015





Cash and cash equivalents at beginning of period

$                616,686


$                932,161

Cash flows from operating activities:




   Net income

99,897


94,419

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




      Depreciation and amortization

62,759


58,963

      Amortization of debt discount and fees

527


8,971

      Stock-based compensation

49,988


43,564

      Gain on investments, net

(3,265)


(1,590)

      Deferred income taxes

10,252


7,097

      Other non-cash items

750


1,142

      Changes in operating assets and liabilities, net of effect of acquired businesses:




         Receivables

(3,532)


(8,078)

         Inventories

(10,296)


(6,243)

         Prepaid expenses and other

(8,690)


(8,036)

         Other assets

(8,709)


1,117

         Accounts payable and accrued liabilities

(14,012)


(20,653)

         Deferred revenue

(7,412)


5,827

         Other long-term liabilities

(4,700)


(8,058)

            Net cash provided by operating activities

163,557


168,442





Cash flows from investing activities:




  Purchases of available-for-sale securities

(20,525)


(59,516)

  Proceeds from the sale of available-for-sale securities

55,168


37,586

  Proceeds from the maturity of available-for-sale securities

26,115


15,600

  Proceeds from the sale of long-term investments

2,583


2,293

  Purchases of property, plant and equipment

(28,287)


(24,067)

  Cash paid in business combinations and asset acquisitions, net of cash acquired

(41,627)


-

           Net cash used for investing activities

(6,573)


(28,104)





Cash flows from financing activities:




  Proceeds from term loan

300,000


-

  Proceeds from revolving credit facility

50,000


-

  Payment of convertible notes

-


(349,999)

  Payment of convertible notes embedded conversion derivative liability

-


(530,643)

  Proceeds from convertible notes hedges

-


530,643

  Payment of debt issuance costs

(622)


-

  Excess tax benefits from stock-based compensation

-


10,097

  Proceeds from issuance of common stock 

36,296


38,167

  Stock received for payment of employee taxes on vesting of restricted stock

(17,490)


(15,814)

  Payments for repurchases of common stock

(480,100)


(93,076)

           Net cash used for financing activities

(111,916)


(410,625)





Effect of exchange rate changes on cash and cash equivalents

7,819


(14,023)





Increase (decrease) in cash and cash equivalents 

52,887


(284,310)





Cash and cash equivalents at end of period

$                669,573


$                647,851


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Qualcomm’s Lu Dai: Energetic leadership for Accellera
More Editorial  
Jobs
SOC Logic Design Engineer for Global Foundaries at Santa Clara, CA
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Sr. Staff Design SSD ASIC Engineer for Toshiba America Electronic Components. Inc. at San Jose, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Principal Engineer FPGA Design for Intevac at Santa Clara, CA
Upcoming Events
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017
10th Anniversary of Cyber-Physical Systems Week at Pittsburgh, PA, USA PA - Apr 18 - 21, 2017



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