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Xilinx Inc. Message Board

  • canucanoe1 canucanoe1 Aug 11, 2001 8:38 PM Flag


    At the end of this XLNX 10Q paragraph is a mention of deferred income from a distributor. Does a distributor not pay until it ships to its customer? If not, how does this deferred income occur?

    As of June 30, 2001, we had cash, cash equivalents and short-term investments of $307.8 million and working capital of $760.1 million. Cash used by operations of $8.1 million for the first three months of fiscal 2002 was $129.5 million lower compared to the $121.4 million generated during the first three months of fiscal 2001. Decreases in cash generated by operations resulted primarily from lower net income, decreases in accounts payable, income taxes payable, and deferred income on shipments to distributors which were partially offset by decreases in accounts receivable, inventories, and deferred income taxes.

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