Autodesk, Inc. | |||||||
Condensed Consolidated Statements of Cash Flows | |||||||
(In millions) | |||||||
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Six Months Ended July 31, | ||||||
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2018 |
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2017 | ||||
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(Unaudited) | ||||||
Operating activities: |
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Net loss |
$ |
(121.8) |
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|
$ |
(273.6) |
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Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |
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Depreciation, amortization and accretion |
46.3 |
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|
56.8 |
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Stock-based compensation expense |
111.3 |
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|
134.4 |
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Deferred income taxes |
(0.3) |
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|
8.6 |
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Restructuring and other exit costs, net |
36.6 |
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|
0.2 |
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Other operating activities |
(1.3) |
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7.7 |
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Changes in operating assets and liabilities, net of acquisitions: |
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Accounts receivable |
204.2 |
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|
185.5 |
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Prepaid expenses and other current assets |
7.9 |
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(2.4) |
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Accounts payable and accrued liabilities |
(201.3) |
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(98.6) |
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Deferred revenue |
(66.7) |
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(9.9) |
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Accrued income taxes |
11.5 |
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(36.0) |
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Net cash provided by (used in) operating activities |
26.4 |
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(27.3) |
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Investing activities: |
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Purchases of marketable securities |
(110.1) |
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|
(299.7) |
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Sales of marketable securities |
27.0 |
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|
110.8 |
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Maturities of marketable securities |
119.6 |
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420.3 |
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Capital expenditures |
(36.7) |
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(26.4) |
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Acquisitions, net of cash acquired |
(34.1) |
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|
— |
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Other investing activities |
(6.0) |
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|
(4.3) |
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Net cash (used in) provided by investing activities |
(40.3) |
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|
200.7 |
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Financing activities: |
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Proceeds from issuance of common stock, net of issuance costs |
50.4 |
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|
55.9 |
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Taxes paid related to net share settlement of equity awards |
(53.0) |
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(49.8) |
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Repurchase and retirement of common stock |
(154.7) |
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(315.2) |
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Proceeds from debt, net of discount |
— |
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|
496.9 |
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Repayment of debt |
— |
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(400.0) |
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Other financing activities |
— |
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(5.8) |
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Net cash used in financing activities |
(157.3) |
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|
(218.0) |
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Effect of exchange rate changes on cash and cash equivalents |
(11.4) |
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|
5.6 |
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Net decrease in cash and cash equivalents |
(182.6) |
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|
(39.0) |
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Cash and cash equivalents at beginning of the period |
1,078.0 |
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|
1,213.1 |
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Cash and cash equivalents at end of the period |
$ |
895.4 |
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$ |
1,174.1 |
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