Autodesk, Inc. |
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Condensed Consolidated Statements of Cash Flows |
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(In millions) |
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| Three Months Ended April 30, | ||||||
| 2019 |
| 2018 | ||||
| (Unaudited) | ||||||
Operating activities: |
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Net loss | $ | (24.2) |
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| $ | (82.4) |
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Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |
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Depreciation, amortization and accretion | 32.7 |
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| 24.1 |
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Stock-based compensation expense | 75.2 |
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| 54.4 |
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Deferred income taxes | 24.4 |
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| 13.3 |
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Restructuring and other exit costs, net | 0.2 |
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| 22.5 |
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Other operating activities | 15.3 |
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| 10.5 |
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Changes in operating assets and liabilities, net of acquisitions: |
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Accounts receivable | 206.2 |
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| 231.4 |
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Prepaid expenses and other current assets | 11.4 |
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| (1.4) |
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Accounts payable and accrued liabilities | (172.6) |
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| (227.7) |
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Deferred revenue | 62.2 |
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| (58.5) |
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Accrued income taxes | (9.6) |
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| (3.1) |
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Net cash provided by (used in) operating activities | 221.2 |
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| (16.9) |
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Investing activities: |
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Purchases of marketable securities | (19.8) |
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| (9.9) |
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Sales of marketable securities | 4.6 |
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| 6.2 |
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Maturities of marketable securities | — |
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| 68.6 |
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Capital expenditures | (14.7) |
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| (16.7) |
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Other investing activities | 0.7 |
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| (0.6) |
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Net cash (used in) provided by investing activities | (29.2) |
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| 47.6 |
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Financing activities: |
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Proceeds from issuance of common stock, net of issuance costs | 46.9 |
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| 49.1 |
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Taxes paid related to net share settlement of equity awards | (25.8) |
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| (38.8) |
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Repurchase and retirement of common stock | (88.5) |
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| (22.0) |
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Repayment of debt | (125.0) |
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| — |
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Net cash used in financing activities | (192.4) |
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| (11.7) |
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Effect of exchange rate changes on cash and cash equivalents | (2.4) |
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| (4.0) |
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Net (decrease) increase in cash and cash equivalents | (2.8) |
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| 15.0 |
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Cash and cash equivalents at beginning of the period | 886.0 |
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| 1,078.0 |
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Cash and cash equivalents at end of the period | $ | 883.2 |
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| $ | 1,093.0 |
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