Mentor Graphics Reports Fiscal Third Quarter Results

MENTOR GRAPHICS CORPORATION
UNAUDITED CONSOLIDATED BALANCE SHEETS
(In thousands)


	October 31,			January 31,
		2009		2009^a

Assets
Current assets:
Cash, cash equivalents, and short-term investments	$	84,658		$	95,639
Trade accounts receivable, net		76,988			133,719
Term receivables, short-term		164,871			139,133
Prepaid expenses and other		32,559			39,146
Deferred income taxes		8,755			10,163

Total current assets		367,831			417,800
Property, plant, and equipment, net		95,921			100,991
Term receivables, long-term		146,167			146,682
Goodwill and intangible assets, net		485,116			480,956
Other assets		38,988			39,641

Total assets	$	1,134,023		$	1,186,070

Liabilities and Stockholders' Equity
Current liabilities:
Short-term borrowings	$	7,529		$	36,998
Current portion of notes payable		32,272			-
Accounts payable		7,559			10,197
Income taxes payable		18,644			5,340
Accrued payroll and related liabilities		70,554			65,687
Accrued liabilities		38,517			46,034
Deferred revenue		131,975			155,098

Total current liabilities		307,050			319,354
Long-term notes payable		154,119			188,170
Deferred revenue, long-term		10,443			16,890
Other long-term liabilities		67,905			75,211
Total liabilities		539,517			599,625

Stockholders' equity:
Common stock		647,834			602,064
Retained earnings		(88,109	)		(26,853	)
Accumulated other comprehensive income		34,781			11,234
Total stockholders' equity		594,506			586,445

Total liabilities and stockholders' equity	$	1,134,023		$	1,186,070

^a The consolidated balance sheet as of January 31, 2009 has been adjusted for the retrospective adoption of the FASB's convertible debt accounting guidance.

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