Autodesk, Inc.

Condensed Consolidated Statements of Cash Flows

(In millions)

Fiscal Year Ended January 31,

2020

2019

(Unaudited)

Operating activities:

Net income (loss)

$

214.5

$

(80.8)

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Depreciation, amortization and accretion

127.3

95.2

Stock-based compensation expense

362.4

249.5

Deferred income taxes

10.3

(6.8)

Restructuring and other exit costs, net

0.5

31.7

Other operating activities

(11.9)

2.2

Changes in operating assets and liabilities, net of acquisitions:

Accounts receivable

(178.5)

(25.4)

Prepaid expenses and other current assets

58.5

7.5

Accounts payable and accrued liabilities

(90.8)

(58.5)

Deferred revenue

916.7

197.0

Accrued income taxes

6.1

(34.5)

Net cash provided by operating activities

1,415.1

377.1

Investing activities:

Purchases of marketable securities

(19.9)

(138.2)

Sales of marketable securities

22.4

319.6

Maturities of marketable securities

5.0

211.4

Capital expenditures

(53.2)

(67.0)

Acquisitions, net of cash acquired

—

(1,040.2)

Other investing activities

(11.6)

4.0

Net cash used in investing activities

(57.3)

(710.4)

Financing activities:

Proceeds from issuance of common stock, net of issuance costs

93.7

90.9

Taxes paid related to net share settlement of equity awards

(112.5)

(143.4)

Repurchase and retirement of common stock

(442.5)

(293.5)

Proceeds from debt, net of discount

498.9

500.0

Repayment of debt

(500.0)

—

 Other financing activities

(4.4)

(2.1)

Net cash (used in) provided by financing activities

(466.8)

151.9

Effect of exchange rate changes on cash and cash equivalents

(2.3)

(10.6)

Net increase (decrease) in cash and cash equivalents

888.7

(192.0)

Cash and cash equivalents at beginning of the period

886.0

1,078.0

Cash and cash equivalents at end of the period

$

1,774.7

$

886.0