Autodesk, Inc.

Condensed Consolidated Statements of Cash Flows

(In millions)

Six Months Ended July 31,

2017

2016

(Unaudited)

Operating activities:

Net loss

$

(273.6)

$

(265.9)

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

Depreciation, amortization and accretion

56.8

70.4

Stock-based compensation expense

134.4

105.9

Deferred income taxes

5.8

(9.2)

Restructuring charges and other facility exit costs, net

0.2

68.3

Other operating activities

7.7

(6.2)

Changes in operating assets and liabilities, net of acquisitions:

Accounts receivable

185.5

346.9

Prepaid expenses and other current assets

(2.4)

(23.3)

Accounts payable and accrued liabilities

(95.8)

(44.6)

Deferred revenue

(9.9)

(1.4)

Accrued income taxes

(36.0)

(94.5)

Net cash (used in) provided by operating activities

146.4

Investing activities:

Purchases of marketable securities

(299.7)

(810.9)

Sales of marketable securities

110.8

354.7

Maturities of marketable securities

420.3

791.3

Capital expenditures

(26.4)

(42.6)

Acquisitions, net of cash acquired

—

(85.2)

Other investing activities

(4.3)

(6.7)

Net cash provided by investing activities

200.7

200.6

Financing activities:

Proceeds from issuance of common stock, net of issuance costs

55.9

54.2

Taxes paid related to net share settlement of equity awards

(49.8)

(19.9)

Repurchase and retirement of common stock

(315.2)

(270.0)

Proceeds from debt, net of discount

496.9

—

Repayment of debt

(400.0)

—

Other financing activities

(5.8)

—

Net cash used in financing activities

(218.0)

(235.7)

Effect of exchange rate changes on cash and cash equivalents

5.6

3.0

Net (decrease) increase in cash and cash equivalents

(39.0)

114.3

Cash and cash equivalents at beginning of the period

1,213.1

1,353.0

Cash and cash equivalents at end of the period

$

1,174.1

$

1,467.3