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, | ||||||
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2017 |
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2016 | ||||
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(Unaudited) | ||||||
Operating activities: |
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Net loss |
$ |
(579.2) |
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$ |
(330.5) |
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Adjustments to reconcile net loss to net cash provided by operating activities: |
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Depreciation, amortization and accretion |
139.2 |
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145.8 |
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Stock-based compensation expense |
221.8 |
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197.2 |
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Deferred income taxes |
(37.3) |
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235.9 |
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Restructuring charges and other facility exit costs, net |
80.5 |
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— |
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Other operating activities |
(7.7) |
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(25.0) |
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Changes in operating assets and liabilities, net of business combinations: |
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Accounts receivable |
201.5 |
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(195.5) |
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Prepaid expenses and other current assets |
(14.7) |
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(2.8) |
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Accounts payable and accrued liabilities |
2.7 |
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24.9 |
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Deferred revenue |
267.0 |
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360.5 |
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Accrued income taxes |
(104.1) |
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3.5 |
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Net cash provided by operating activities |
169.7 |
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414.0 |
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Investing activities: |
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Purchases of marketable securities |
(1,867.9) |
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(2,250.1) |
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Sales of marketable securities |
1,257.7 |
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329.4 |
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Maturities of marketable securities |
1,057.2 |
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1,376.6 |
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Capital expenditures |
(76.0) |
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(72.4) |
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Acquisitions, net of cash acquired |
(85.2) |
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(148.5) |
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Other investing activities |
(13.8) |
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(44.5) |
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Net cash provided by (used in) investing activities |
272.0 |
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(809.5) |
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Financing activities: |
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Proceeds from issuance of common stock, net of issuance costs |
119.6 |
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110.8 |
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Taxes paid related to net share settlement of equity awards |
(76.2) |
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(51.6) |
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Repurchase and retirement of common stock |
(621.7) |
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(458.0) |
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Proceeds from debt, net of discount |
— |
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748.3 |
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Other financing activities |
— |
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(6.3) |
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Net cash (used in) provided by financing activities |
(578.3) |
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343.2 |
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Effect of exchange rate changes on cash and cash equivalents |
(3.3) |
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(5.3) |
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Net decrease in cash and cash equivalents |
(139.9) |
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(57.6) |
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Cash and cash equivalents at beginning of fiscal year |
1,353.0 |
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1,410.6 |
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Cash and cash equivalents at end of the period |
$ |
1,213.1 |
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$ |
1,353.0 |
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