Autodesk, Inc.

Condensed Consolidated Statements of Cash Flows

(In millions)

Nine Months Ended October 31,

2020

2019

(Unaudited)

Operating activities:

Net income

$

296.9

$

82.7

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

Depreciation, amortization and accretion

92.2

96.4

Stock-based compensation expense

291.5

257.4

Deferred income taxes

13.0

47.9

Restructuring and other exit costs, net

—

0.5

Other

48.6

10.8

Changes in operating assets and liabilities

Accounts receivable

112.8

(47.2)

Prepaid expenses and other assets

(61.6)

37.6

Accounts payable and other liabilities

42.3

(94.2)

Deferred revenue

(78.3)

328.8

Accrued income taxes

22.2

(3.8)

Net cash provided by operating activities

779.6

716.9

Investing activities:

Purchases of marketable securities

(21.0)

(19.9)

Sales of marketable securities

—

22.4

Maturities of marketable securities

17.0

5.0

Capital expenditures

(67.6)

(39.2)

Purchases of developed technologies

(4.8)

—

Acquisitions, net of cash acquired

(44.8)

—

Other investing activities

(55.5)

(11.0)

Net cash used in investing activities

(176.7)

(42.7)

Financing activities:

Proceeds from issuance of common stock, net of issuance costs

112.9

91.8

Taxes paid related to net share settlement of equity awards

(105.0)

(79.9)

Repurchases of common stock

(399.4)

(261.9)

Repayment of debt

(450.0)

(350.0)

Other financing activities

(2.5)

—

Net cash used in financing activities

(844.0)

(600.0)

Effect of exchange rate changes on cash and cash equivalents

3.4

(4.0)

Net (decrease) increase in cash and cash equivalents

(237.7)

70.2

Cash and cash equivalents at beginning of period

1,774.7

886.0

Cash and cash equivalents at end of period

$

1,537.0

$

956.2

Supplemental cash flow disclosure:

Non-cash financing activities:

Fair value of common stock issued to settle liability-classified restricted stock units

$

28.7

$

—