Autodesk, Inc.

Condensed Consolidated Statements of Cash Flows

(In millions)

Nine Months Ended October 31,

2019

2018

(Unaudited)

Operating activities:

Net income (loss)

$

82.7

$

(145.5)

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

Depreciation, amortization and accretion

96.4

69.8

Stock-based compensation expense

257.4

175.5

Deferred income taxes

47.9

16.5

Restructuring and other exit costs, net

0.5

34.5

Other operating activities

10.8

14.8

Changes in operating assets and liabilities, net of acquisitions:

Accounts receivable

(47.2)

129.4

Prepaid expenses and other current assets

37.6

8.3

Accounts payable and accrued liabilities

(94.2)

(181.0)

Deferred revenue

328.8

(73.8)

Accrued income taxes

(3.8)

17.1

Net cash provided by operating activities

716.9

65.6

Investing activities:

Purchases of marketable securities

(19.9)

(135.3)

Sales of marketable securities

22.4

61.3

Maturities of marketable securities

5.0

194.9

Capital expenditures

(39.2)

(49.4)

Acquisitions, net of cash acquired

—

(34.1)

Other investing activities

(11.0)

2.3

Net cash (used in) provided by investing activities

(42.7)

39.7

Financing activities:

Proceeds from issuance of common stock, net of issuance costs

91.8

90.1

Taxes paid related to net share settlement of equity awards

(79.9)

(120.7)

Repurchase and retirement of common stock

(261.9)

(261.3)

Repayment of debt

(350.0)

—

Net cash used in financing activities

(600.0)

(291.9)

Effect of exchange rate changes on cash and cash equivalents

(4.0)

(15.7)

Net increase (decrease) in cash and cash equivalents

70.2

(202.3)

Cash and cash equivalents at beginning of the period

886.0

1,078.0

Cash and cash equivalents at end of the period

$

956.2

$

875.7