Autodesk, Inc. | |||||||
Condensed Consolidated Statements of Cash Flows | |||||||
(In millions) | |||||||
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| Fiscal Year Ended January 31, | ||||||
| 2020 |
| 2019 | ||||
| (Unaudited) | ||||||
Operating activities: |
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Net income (loss) | $ | 214.5 |
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| $ | (80.8) |
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Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
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Depreciation, amortization and accretion | 127.3 |
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| 95.2 |
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Stock-based compensation expense | 362.4 |
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| 249.5 |
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Deferred income taxes | 10.3 |
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| (6.8) |
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Restructuring and other exit costs, net | 0.5 |
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| 31.7 |
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Other operating activities | (11.9) |
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| 2.2 |
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Changes in operating assets and liabilities, net of acquisitions: |
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Accounts receivable | (178.5) |
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| (25.4) |
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Prepaid expenses and other current assets | 58.5 |
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| 7.5 |
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Accounts payable and accrued liabilities | (90.8) |
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| (58.5) |
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Deferred revenue | 916.7 |
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| 197.0 |
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Accrued income taxes | 6.1 |
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| (34.5) |
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Net cash provided by operating activities | 1,415.1 |
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| 377.1 |
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Investing activities: |
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Purchases of marketable securities | (19.9) |
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| (138.2) |
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Sales of marketable securities | 22.4 |
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| 319.6 |
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Maturities of marketable securities | 5.0 |
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| 211.4 |
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Capital expenditures | (53.2) |
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| (67.0) |
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Acquisitions, net of cash acquired | — |
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| (1,040.2) |
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Other investing activities | (11.6) |
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| 4.0 |
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Net cash used in investing activities | (57.3) |
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| (710.4) |
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Financing activities: |
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Proceeds from issuance of common stock, net of issuance costs | 93.7 |
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| 90.9 |
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Taxes paid related to net share settlement of equity awards | (112.5) |
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| (143.4) |
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Repurchase and retirement of common stock | (442.5) |
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| (293.5) |
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Proceeds from debt, net of discount | 498.9 |
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| 500.0 |
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Repayment of debt | (500.0) |
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| — |
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Other financing activities | (4.4) |
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| (2.1) |
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Net cash (used in) provided by financing activities | (466.8) |
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| 151.9 |
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Effect of exchange rate changes on cash and cash equivalents | (2.3) |
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| (10.6) |
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Net increase (decrease) in cash and cash equivalents | 888.7 |
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| (192.0) |
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Cash and cash equivalents at beginning of the period | 886.0 |
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| 1,078.0 |
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Cash and cash equivalents at end of the period | $ | 1,774.7 |
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| $ | 886.0 |
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