Autodesk, Inc.

Condensed Consolidated Statements of Cash Flows

(In millions)

Nine Months Ended October 31,

2023

2022

(Unaudited)

Operating activities:

Net income

$               624

$              530

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

Depreciation, amortization and accretion

102

113

Stock-based compensation expense

544

493

Deferred income taxes

(116)

(98)

Lease-related asset impairments

7

21

Other

(15)

13

Changes in operating assets and liabilities, net of business combinations:

Accounts receivable

380

70

Prepaid expenses and other assets

(51)

1

Accounts payable and other liabilities

(77)

(76)

Deferred revenue

(551)

14

Accrued income taxes

29

79

Net cash provided by operating activities

876

1,160

Investing activities:

Purchases of marketable securities

(944)

(199)

Sales and maturities of marketable securities

529

302

Capital expenditures

(21)

(32)

Purchases of intangible assets

(25)

(6)

Business combinations, net of cash acquired

(44)

(96)

Other investing activities

(19)

(53)

Net cash used in investing activities

(524)

(84)

Financing activities:

Proceeds from issuance of common stock, net of issuance costs

130

124

Taxes paid related to net share settlement of equity awards

(153)

(127)

Repurchases of common stock

(730)

(894)

Net cash used in financing activities

(753)

(897)

Effect of exchange rate changes on cash and cash equivalents

(20)

(42)

Net decrease in cash and cash equivalents

(421)

137

Cash and cash equivalents at beginning of period

1,947

1,528

Cash and cash equivalents at end of period

$            1,526

$           1,665

Supplemental cash flow disclosure:

Non-cash financing activities:

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

$                    9

$                   8

Fair value of common stock issued related to business combinations

$                   —

$                 10