Autodesk, Inc. |
|
|
|
Condensed Consolidated Statements of Cash Flows |
|
|
|
(In millions) |
|
|
|
|
|
|
|
| Fiscal Year Ended January 31, | ||
| 2022 |
| 2021 |
| (Unaudited) | ||
Operating activities: |
|
|
|
Net income | $ 497.0 |
| $ 1,208.2 |
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
Depreciation, amortization and accretion | 148.1 |
| 123.8 |
Stock-based compensation expense | 555.4 |
| 398.4 |
Deferred income taxes | (7.8) |
| (778.6) |
Lease-related asset impairments | 103.7 |
| — |
Other | 17.6 |
| 38.8 |
Changes in operating assets and liabilities, net of business combinations: |
|
|
|
Accounts receivable | (66.2) |
| 12.6 |
Prepaid expenses and other assets | (133.5) |
| (56.4) |
Accounts payable and accrued liabilities | 9.9 |
| 129.6 |
Deferred revenue | 419.4 |
| 344.4 |
Accrued income taxes | (12.3) |
| 16.4 |
Net cash provided by operating activities | 1,531.3 |
| 1,437.2 |
Investing activities: |
|
|
|
Purchases of marketable securities | (311.1) |
| (21.0) |
Sales of marketable securities | 12.0 |
| — |
Maturities of marketable securities | 25.8 |
| 17.0 |
Capital expenditures | (56.0) |
| (91.1) |
Purchases of developed technologies | (10.5) |
| (4.8) |
Business combinations, net of cash acquired | (1,250.3) |
| (246.2) |
Other investing activities | (4.5) |
| (57.8) |
Net cash used in investing activities | (1,594.6) |
| (403.9) |
Financing activities: |
|
|
|
Proceeds from issuance of common stock, net of issuance costs | 113.7 |
| 114.1 |
Taxes paid related to net share settlement of equity awards | (193.5) |
| (156.7) |
Repurchase and retirement of common stock | (1,078.5) |
| (551.7) |
Proceeds from debt, net of discount | 997.0 |
| — |
Repayment of debt | — |
| (450.0) |
Other financing activities | (7.3) |
| (2.5) |
Net cash used in financing activities | (168.6) |
| (1,046.8) |
Effect of exchange rate changes on cash and cash equivalents | (11.9) |
| 11.0 |
Net decrease in cash and cash equivalents | (243.8) |
| (2.5) |
Cash and cash equivalents at beginning of the period | 1,772.2 |
| 1,774.7 |
Cash and cash equivalents at end of the period | $ 1,528.4 |
| $ 1,772.2 |