Autodesk, Inc. |
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Condensed Consolidated Statements of Cash Flows |
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(In millions) (1) |
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| Fiscal Year Ended January 31, | ||
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| 2023 |
| 2022 |
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| (Unaudited) | ||
Operating activities: |
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Net income | $ 823 |
| $ 497 |
Adjustments to reconcile net income to net cash provided by operating activities: |
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Depreciation, amortization and accretion | 150 |
| 148 |
Stock-based compensation expense | 657 |
| 555 |
Deferred income taxes | (277) |
| (8) |
Lease-related asset impairments | 34 |
| 104 |
Other operating activities | (8) |
| 18 |
Changes in operating assets and liabilities, net of business combinations: |
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Accounts receivable | (247) |
| (66) |
Prepaid expenses and other assets | (3) |
| (134) |
Accounts payable and other liabilities | (5) |
| 10 |
Deferred revenue | 798 |
| 419 |
Accrued income taxes | 149 |
| (12) |
Net cash provided by operating activities | 2,071 |
| 1,531 |
Investing activities: |
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Purchases of marketable securities | (397) |
| (311) |
Sales of marketable securities | 152 |
| 12 |
Maturities of marketable securities | 298 |
| 26 |
Purchases of intangible assets (2) | (6) |
| (11) |
Business combinations, net of cash acquired | (96) |
| (1,250) |
Capital expenditures | (40) |
| (56) |
Other investing activities | (54) |
| (5) |
Net cash used in investing activities | (143) |
| (1,595) |
Financing activities: |
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Proceeds from issuance of common stock, net of issuance costs | 124 |
| 114 |
| Taxes paid related to net share settlement of equity awards | (160) |
| (194) |
| Repurchase and retirement of common stock | (1,101) |
| (1,079) |
| Proceeds from debt, net of discount | — |
| 997 |
| Repayment of debt | (350) |
| — |
| Other financing activities | — |
| (7) |
| Net cash used in financing activities | (1,487) |
| (169) |
| Effect of exchange rate changes on cash and cash equivalents | (22) |
| (11) |
| Net increase (decrease) in cash and cash equivalents | 419 |
| (244) |
| Cash and cash equivalents at beginning of the period | 1,528 |
| 1,772 |
| Cash and cash equivalents at end of the period | $ 1,947 |
| $ 1,528 |
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| ____________________ |
| (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. |
| (2) The line description was changed from "Purchases of developed technologies" to "Purchases of intangible assets". |
