| Autodesk, Inc. | ||||||||
| Condensed Consolidated Balance Sheets | ||||||||
| (In millions) | ||||||||
|
January 31, 2015 |
January 31, 2014 |
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|
(Unaudited) |
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|
ASSETS |
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| Current assets: | ||||||||
| Cash and cash equivalents | $ | 1,410.6 | $ | 1,853.0 | ||||
| Marketable securities | 615.8 | 414.1 | ||||||
| Accounts receivable, net | 458.9 | 423.7 | ||||||
| Deferred income taxes, net | 85.1 | 56.8 | ||||||
| Prepaid expenses and other current assets | 100.9 | 87.4 | ||||||
| Total current assets | 2,671.3 | 2,835.0 | ||||||
| Marketable securities | 273.0 | 277.3 | ||||||
| Computer equipment, software, furniture and leasehold improvements, net | 159.2 | 130.3 | ||||||
| Developed technologies, net | 86.5 | 63.1 | ||||||
| Goodwill | 1,456.2 | 1,009.9 | ||||||
| Deferred income taxes, net | 100.0 | 131.1 | ||||||
| Other assets | 167.6 | 148.3 | ||||||
| Total assets | $ | 4,913.8 | $ | 4,595.0 | ||||
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
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| Current liabilities: | ||||||||
| Accounts payable | $ | 100.5 | $ | 84.5 | ||||
| Accrued compensation | 253.3 | 181.2 | ||||||
| Accrued income taxes | 28.2 | 24.3 | ||||||
| Deferred revenue | 900.8 | 696.2 | ||||||
| Other accrued liabilities | 117.3 | 85.3 | ||||||
| Total current liabilities | 1,400.1 | 1,071.5 | ||||||
| Deferred revenue | 256.3 | 204.4 | ||||||
| Long term income taxes payable | 158.8 | 211.8 | ||||||
| Long term notes payable, net of discount | 747.2 | 746.4 | ||||||
| Other liabilities | 132.2 | 99.4 | ||||||
| Stockholders’ equity: | ||||||||
| Preferred stock | — | — | ||||||
| Common stock and additional paid-in capital | 1,773.1 | 1,637.3 | ||||||
|
Accumulated other comprehensive loss |
(53.3 | ) | (0.6 | ) | ||||
| Retained earnings | 499.4 | 624.8 | ||||||
| Total stockholders’ equity | 2,219.2 | 2,261.5 | ||||||
| Total liabilities and stockholders' equity | $ | 4,913.8 | $ | 4,595.0 | ||||
|
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, | ||||||||
| 2015 | 2014 | |||||||
| (Unaudited) | ||||||||
| Operating activities: | ||||||||
| Net income | $ | 81.8 | $ | 228.8 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depreciation, amortization and accretion | 145.9 | 128.9 | ||||||
| Stock-based compensation expense | 165.6 | 132.2 | ||||||
| Excess tax benefits from stock-based compensation | (0.5 | ) | (9.1 | ) | ||||
| Restructuring charges, net | 3.1 | 12.8 | ||||||
| Other operating activities | 16.2 | (16.1 | ) | |||||
| Changes in operating assets and liabilities, net of business combinations | 296.0 | 86.0 | ||||||
| Net cash provided by operating activities | 708.1 | 563.5 | ||||||
| Investing activities: | ||||||||
| Purchases of marketable securities | (1,355.1 | ) | (1,214.2 | ) | ||||
| Sales of marketable securities | 190.0 | 537.0 | ||||||
| Maturities of marketable securities | 969.0 | 742.1 | ||||||
| Acquisitions, net of cash acquired | (630.0 | ) | (176.1 | ) | ||||
| Capital Expenditures | (75.5 | ) | (64.2 | ) | ||||
| Other investing activities | (4.0 | ) | (18.6 | ) | ||||
| Net cash used in investing activities | (905.6 | ) | (194.0 | ) | ||||
| Financing activities: | ||||||||
| Proceeds from issuance of common stock, net of issuance costs | 135.4 | 288.2 | ||||||
| Repurchase and retirement of common stock | (372.4 | ) | (423.8 | ) | ||||
| Excess tax benefits from stock-based compensation | 0.5 | 9.1 | ||||||
| Other financing activities | (3.4 | ) | — | |||||
| Net cash used in financing activities | (239.9 | ) | (126.5 | ) | ||||
| Effect of exchange rate changes on cash and cash equivalents | (5.0 | ) | (2.2 | ) | ||||
|
Net (decrease) increase in cash and cash equivalents |
(442.4 | ) | 240.8 | |||||
| Cash and cash equivalents at beginning of fiscal year | 1,853.0 | 1,612.2 | ||||||
| Cash and cash equivalents at end of fiscal year | $ | 1,410.6 | $ | 1,853.0 | ||||
