Autodesk, Inc.

Condensed Consolidated Statements of Cash Flows

(In millions)

Fiscal Year Ended January 31,

2022

2021

(Unaudited)

Operating activities:

Net income

$         497.0

$         1,208.2

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation, amortization and accretion

148.1

123.8

Stock-based compensation expense

555.4

398.4

Deferred income taxes

(7.8)

(778.6)

Lease-related asset impairments

103.7

—

Other

17.6

38.8

Changes in operating assets and liabilities, net of business combinations:

Accounts receivable

(66.2)

12.6

Prepaid expenses and other assets

(133.5)

(56.4)

Accounts payable and accrued liabilities

9.9

129.6

Deferred revenue

419.4

344.4

Accrued income taxes

(12.3)

16.4

Net cash provided by operating activities

1,531.3

1,437.2

Investing activities:

Purchases of marketable securities

(311.1)

(21.0)

Sales of marketable securities

12.0

—

Maturities of marketable securities

25.8

17.0

Capital expenditures

(56.0)

(91.1)

Purchases of developed technologies

(10.5)

(4.8)

Business combinations, net of cash acquired

(1,250.3)

(246.2)

Other investing activities

(4.5)

(57.8)

Net cash used in investing activities

(1,594.6)

(403.9)

Financing activities:

Proceeds from issuance of common stock, net of issuance costs

113.7

114.1

Taxes paid related to net share settlement of equity awards

(193.5)

(156.7)

Repurchase and retirement of common stock

(1,078.5)

(551.7)

Proceeds from debt, net of discount

997.0

—

Repayment of debt

—

(450.0)

Other financing activities

(7.3)

(2.5)

Net cash used in financing activities

(168.6)

(1,046.8)

Effect of exchange rate changes on cash and cash equivalents

(11.9)

11.0

Net decrease in cash and cash equivalents

(243.8)

(2.5)

Cash and cash equivalents at beginning of the period

1,772.2

1,774.7

Cash and cash equivalents at end of the period

$         1,528.4

$          1,772.2