SNPS » Topics » Net Working Capital

This excerpt taken from the SNPS 10-Q filed Jun 10, 2009.
Net Working CapitalWorking capital is composed of current assets less current liabilities, as shown on our unaudited condensed consolidated balance sheets. As of April 30, 2009, our net working capital was $568.9 million, compared to $413.3 million as of October 31, 2008. The increase in net working capital of $155.6 million was primarily due to increases in accounts receivable of $41.8 million and other current assets of $7.7 million, along with a decrease in (1) current income taxes accrual of $5.2 million, (2) accounts payable and accrued liabilities of $113.6 million, and (3) deferred revenue of $64.1 million.  These increases were partially offset by a decrease in deferred taxes of $2.3 million and our use of $74.5 million in cash, cash equivalents and short-term investments as described above.

 

This excerpt taken from the SNPS 10-Q filed Mar 9, 2009.
Net Working CapitalWorking capital is composed of current assets less current liabilities, as shown on our unaudited condensed consolidated balance sheets. As of January 31, 2009, our net working capital was $482.0 million, compared to $413.3 million as of October 31, 2008. The increase in net working capital of $68.7 million was primarily due to increases in (1) accounts receivable of $2.7 million, (2) deferred taxes of $2.9 million, and (3) other current assets of $2.4 million, along with a decrease in (1) current income taxes accrual of $5.1 million, (2) accounts payable and accrued liabilities of $107.2 million, and (3) deferred revenue of $57.4 million.  These increases were partially offset by our use of $109.0 million in cash, cash equivalents and short-term investments as described above.

 

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This excerpt taken from the SNPS 10-Q filed Sep 9, 2008.

Net Working Capital.

 

Working capital is comprised of current assets less current liabilities, as shown on our unaudited condensed consolidated balance sheets. As of July 31, 2008, our net working capital was $408.1 million, compared to $296.5 million as of October 31, 2007. The increase of $111.6 million was primarily due to (1) an increase in accounts receivable of $19.7 million, (2) an increase in income taxes receivable of $8.7 million, (3) increase in prepaid and other expenses of $7.3 million, (4) a reclassification from income taxes payable of $197.3 million to long-term income tax payable upon adoption of FIN 48, (5) an additional decrease in income taxes payable of $8.4 million, and (6) a decrease of $5.5 million in accounts payable and accrued liabilities. This increase was partially offset by (1) a decrease in cash, cash equivalents and short-term investments of $107.4 million, (2) a decrease in current deferred income tax asset of $1.7 million, and (3) an increase in deferred revenue of $26.2 million.

 

This excerpt taken from the SNPS 10-Q filed Jun 10, 2008.
Net Working Capital.  Working capital is comprised of current assets less current liabilities, as shown on our unaudited condensed consolidated balance sheets. As of April 30, 2008, our net working capital was $507.8 million, compared to $296.5 million as of October 31, 2007. The increase of $211.3 million was primarily due to (1) an increase in accounts receivable of $48.1 million; (2) a reclassification from income taxes payable of $197.3 million to long-term income tax payable upon adoption of FIN 48; (3) a decrease of $69.5 million in accounts payable and accrued liabilities, and (4) a decrease in deferred revenue of $55.2 million. This increase was partially offset by a decrease in cash, cash equivalents and short-term investments of $166.9 million.

 

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This excerpt taken from the SNPS 10-Q filed Mar 12, 2008.
Net Working CapitalWorking capital is comprised of current assets less current liabilities, as shown on our unaudited condensed consolidated balance sheets. As of January 31, 2008, our net working capital was $510.9 million, compared to $296.5 million as of October 31, 2007. The increase of $214.4 million was primarily due to a decrease in (1) current income taxes accrual of $191.0 million, (2) accounts payable and accrued liabilities of $81.1 million, and (3) deferred revenue of $48.4 million.  This decrease was partially offset by the use of $124.1 million in cash, cash equivalents and short-term investments.  The large decrease in current income tax accrual was the result of the reclassification of short-term accrued taxes to long-term accrued taxes upon adoption of FIN 48 in the first quarter of fiscal 2008.  See Note 12 of Notes to Unaudited Condensed Consolidated Financial Statements.

 

This excerpt taken from the SNPS 10-Q filed Sep 13, 2007.

Net Working Capital

Working capital is comprised of current assets less current liabilities, as shown on our unaudited condensed consolidated balance sheets. As of July 31, 2007, our net working capital was $217.5 million, compared to $23.4 million as of October 31, 2006. The increase of $194.1 million was primarily due to (1) an increase of $105.1 million in cash and cash equivalents including proceeds from sale of land and the Magma litigation settlement, (2) an increase in short-term investments of $116.4 million, (3) an increase in accounts receivable of $82.2 million, (4) an increase in income taxes receivable and deferred taxes of $1.2 million, (5) an increase in prepaid and other of $7.0 million, (6) a decrease in income taxes payable of $3.2 million, and (7) a decrease of $2.1 million in accounts payable and other liabilities. This increase was partially offset by an increase in deferred revenue of $123.2 million.

This excerpt taken from the SNPS 10-Q filed Jun 6, 2007.

Net Working Capital

Working capital is comprised of current assets less current liabilities, as shown on our unaudited condensed consolidated balance sheets. As of April 30, 2007, our net working capital was $223.7 million, compared to $23.4 million as of October 31, 2006. The increase of $200.3 million was primarily due to (1) an increase of $130.3 million in cash and cash equivalents including proceeds from sale of land and the Magma litigation settlement; (2) an increase in short-term investments of $64.5 million; (3) an increase in accounts receivable of $44.3 million; (4) a decrease in income taxes payable of $7.0 million; and (5) a decrease of $61.0 million in accounts payable and other liabilities. This increase was partially offset by (1) a decrease of current deferred tax assets of $0.1 million; (2) a decrease in income taxes receivable of $1.0 million; (3) a decrease in prepaid and other current assets; and (4) an increase in deferred revenue of $94.4 million.

This excerpt taken from the SNPS 10-Q filed Mar 9, 2007.

Net Working Capital

 

Working capital is comprised of current assets less current liabilities, as shown on our consolidated balance sheet. As of January 31, 2007, our working capital was $149.0 million, compared to $23.4 million as of October 31, 2006. The increase in net working capital of $125.6 million was primarily due to (1) an increase of $46.4 million in cash and cash equivalents; (2) an increase in short-term investments of $60.6 million; (3) an increase in accounts receivable of $18.5 million; (4) an increase in prepaid and other assets of $6.0 million; (5) a decrease in income taxes payable of $7.4 million; and (6) a decrease of $66.1 million in accounts payable and other liabilities. This increase was partially offset by (1) a decrease of current deferred tax assets of $1.0 million; (2) a decrease in income taxes receivable of $1.1 million; and (3) an increase in deferred revenue of $77.3 million.

 

This excerpt taken from the SNPS 10-K filed Jan 11, 2007.

Net Working Capital

Working capital is comprised of current assets less current liabilities, as shown on our balance sheet. As of October 31, 2006, our working capital was $23.4 million, compared to $130.6 million as of October 31, 2005. The decrease in net working capital of $107.2 million was primarily due to (1) a decrease of $73.7 million in cash and cash equivalents; (2) a decrease of current deferred tax assets of $83.2 million, primarily due to a tax accounting method change; (3) a decrease in income taxes receivable of $5.8 million; (4) an increase in income taxes payable of $21.5 million; (5) an increase in deferred revenue of $29.9 million; and (6) a net increase of $2.8 million in accounts payable and other liabilities which included a reclassification of debt of $7.5 million from long term to short term debt. This decrease was partially offset by (1) an increase in short-term investments of $59.9 million; (2) an increase in prepaid and other assets of $27.4 million, which includes land of $23.4 million reclassified from property plant and equipment to asset held for sale within prepaid expense and other assets on our Consolidated Balance Sheet; and (3) an increase in accounts receivable of $22.4 million.

This excerpt taken from the SNPS 10-Q filed Sep 6, 2006.

Net Working Capital

Working capital is comprised of current assets less current liabilities, as shown on our balance sheet.  As of July 31, 2006, our working capital was a deficit of $(6.6) million, as compared with $130.8 million as of October 31, 2005. The decrease in net working capital of $137.4 million was primarily due to the decrease in (i) cash and cash equivalents of $134.7 million; (ii) reclassification of a deferred tax asset of $105.7 million from current to non-current; (iii) income taxes receivable of $2.1 million; and (iv) increase in deferred revenue of $12.9 million. This decrease was partially offset by (i) increase in short-term investments of $59.5 million; (ii) increase in prepaid and other assets of $6.2 million; (iii) increase in accounts receivable of $10.7 million; (iv) a decrease in accrued income taxes of $5.7 million; and (v) decrease in accounts payable and other liabilities of $36.1 million.

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