Autodesk, Inc. |
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Condensed Consolidated Statements of Cash Flows |
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(In millions) |
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| Fiscal Year Ended January 31, | ||||||
| 2021 |
| 2020 | ||||
| (Unaudited) | ||||||
Operating activities: |
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Net income | $ | 1,208.2 |
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| $ | 214.5 |
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Adjustments to reconcile net income to net cash provided by operating activities: |
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Depreciation, amortization and accretion | 123.8 |
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| 127.3 |
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Stock-based compensation expense | 398.4 |
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| 362.4 |
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Deferred income taxes | (778.6) |
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| 10.3 |
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Restructuring and other exit costs, net | — |
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| 0.5 |
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Other | 38.8 |
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| (11.9) |
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Changes in operating assets and liabilities, net of business combinations: |
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Accounts receivable | 12.6 |
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| (178.5) |
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Prepaid expenses and other current assets | (56.4) |
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| 58.5 |
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Accounts payable and accrued liabilities | 129.6 |
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| (90.8) |
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Deferred revenue | 344.4 |
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| 916.7 |
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Accrued income taxes | 16.4 |
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| 6.1 |
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Net cash provided by operating activities | 1,437.2 |
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| 1,415.1 |
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Investing activities: |
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Purchases of marketable securities | (21.0) |
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| (19.9) |
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Sales of marketable securities | — |
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| 22.4 |
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Maturities of marketable securities | 17.0 |
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| 5.0 |
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Capital expenditures | (91.1) |
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| (53.2) |
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Purchases of developed technologies | (4.8) |
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| — |
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Business combinations, net of cash acquired | (246.2) |
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| — |
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Other investing activities | (57.8) |
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| (11.6) |
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Net cash used in investing activities | (403.9) |
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| (57.3) |
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Financing activities: |
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Proceeds from issuance of common stock, net of issuance costs | 114.1 |
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| 93.7 |
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Taxes paid related to net share settlement of equity awards | (156.7) |
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| (112.5) |
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Repurchase and retirement of common stock | (551.7) |
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| (442.5) |
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Proceeds from debt, net of discount | — |
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| 498.9 |
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Repayment of debt | (450.0) |
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| (500.0) |
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Other financing activities | (2.5) |
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| (4.4) |
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Net cash used in financing activities | (1,046.8) |
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| (466.8) |
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Effect of exchange rate changes on cash and cash equivalents | 11.0 |
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| (2.3) |
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Net (decrease) increase in cash and cash equivalents | (2.5) |
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| 888.7 |
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Cash and cash equivalents at beginning of the period | 1,774.7 |
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| 886.0 |
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Cash and cash equivalents at end of the period | $ | 1,772.2 |
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| $ | 1,774.7 |
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