Autodesk, Inc. |
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Condensed Consolidated Statements of Cash Flows |
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(In millions) (1) |
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| Nine Months Ended October 31, | ||
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| 2022 |
| 2021 |
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| (Unaudited) | ||
Operating activities: |
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Net income | $ 530 |
| $ 408 |
Adjustments to reconcile net income to net cash provided by operating activities: |
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Depreciation, amortization and accretion | 113 |
| 114 |
Stock-based compensation expense | 493 |
| 410 |
Deferred income taxes | (98) |
| 15 |
Lease-related asset impairments | 21 |
| — |
Other | 13 |
| 13 |
Changes in operating assets and liabilities, net of business combinations: |
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Accounts receivable | 70 |
| 70 |
Prepaid expenses and other assets | 1 |
| (139) |
Accounts payable and other liabilities | (76) |
| (67) |
Deferred revenue | 14 |
| (28) |
Accrued income taxes | 79 |
| 13 |
Net cash provided by operating activities | 1,160 |
| 809 |
Investing activities: |
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Purchases of marketable securities | (199) |
| (56) |
Sales and maturities of marketable securities | 302 |
| 4 |
Capital expenditures | (32) |
| (50) |
Purchases of developed technologies | (6) |
| (10) |
Business combinations, net of cash acquired | (96) |
| (1,185) |
Other investing activities | (53) |
| (2) |
Net cash used in investing activities | (84) |
| (1,299) |
Financing activities: |
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Proceeds from issuance of common stock, net of issuance costs | 124 |
| 113 |
Taxes paid related to net share settlement of equity awards | (127) |
| (148) |
| Repurchases of common stock | (894) |
| (483) |
| Proceeds from debt, net of discount | — |
| 997 |
| Other financing activities | — |
| (6) |
| Net cash (used in) provided by financing activities | (897) |
| 473 |
| Effect of exchange rate changes on cash and cash equivalents | (42) |
| (6) |
| Net increase (decrease) in cash and cash equivalents | 137 |
| (23) |
| Cash and cash equivalents at beginning of period | 1,528 |
| 1,772 |
| Cash and cash equivalents at end of period | $ 1,665 |
| $ 1,749 |
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| Supplemental cash flow disclosure: |
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| Non-cash financing activities: |
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| Fair value of common stock issued to settle liability-classified restricted common stock | $ 8 |
| $ 3 |
| Fair value of common stock issued related to business combinations | $ 10 |
| $ 3 |
| ____________________ |
| (1) In the current fiscal year, the Company changed its rounding presentation to the nearest whole number in millions of reported amounts, except per share data or as otherwise noted. The current year rounding presentation has been applied to all prior year amounts presented and, in certain circumstances, this change may adjust previously reported balances. |
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