Autodesk, Inc. |
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Condensed Consolidated Statements of Cash Flows |
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(In millions) |
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Six Months Ended July 31, |
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2019 |
2018 |
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(Unaudited) |
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Operating activities: |
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Net income (loss) |
$ |
16.0 |
$ |
(121.8) |
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Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
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Depreciation, amortization and accretion |
64.8 |
46.3 |
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Stock-based compensation expense |
163.4 |
111.3 |
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Deferred income taxes |
35.8 |
(0.3) |
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Restructuring and other exit costs, net |
0.4 |
36.6 |
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Other operating activities |
(4.2) |
(1.3) |
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Changes in operating assets and liabilities, net of acquisitions: |
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Accounts receivable |
125.8 |
204.2 |
|||||
Prepaid expenses and other current assets |
27.4 |
7.9 |
|||||
Accounts payable and accrued liabilities |
(138.1) |
(201.3) |
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Deferred revenue |
158.3 |
(66.7) |
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Accrued income taxes |
(9.1) |
11.5 |
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Net cash provided by operating activities |
440.5 |
26.4 |
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Investing activities: |
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Purchases of marketable securities |
(19.9) |
(110.1) |
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Sales of marketable securities |
22.4 |
27.0 |
|||||
Maturities of marketable securities |
5.0 |
119.6 |
|||||
Capital expenditures |
(29.5) |
(36.7) |
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Acquisitions, net of cash acquired |
— |
(34.1) |
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Other investing activities |
(10.5) |
(6.0) |
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Net cash used in investing activities |
(32.5) |
(40.3) |
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Financing activities: |
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Proceeds from issuance of common stock, net of issuance costs |
49.7 |
50.4 |
|||||
Taxes paid related to net share settlement of equity awards |
(31.2) |
(53.0) |
|||||
Repurchase and retirement of common stock |
(134.6) |
(154.7) |
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Repayment of debt |
(250.0) |
— |
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Net cash used in financing activities |
(366.1) |
(157.3) |
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Effect of exchange rate changes on cash and cash equivalents |
(4.0) |
(11.4) |
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Net increase (decrease) in cash and cash equivalents |
37.9 |
(182.6) |
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Cash and cash equivalents at beginning of the period |
886.0 |
1,078.0 |
|||||
Cash and cash equivalents at end of the period |
$ |
923.9 |
$ |
895.4 |