Autodesk, Inc.

Condensed Consolidated Statements of Cash Flows

(In millions)

Six Months Ended July 31,

2018

2017

(Unaudited)

Operating activities:

Net loss

$

(121.8)

$

(273.6)

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

Depreciation, amortization and accretion

46.3

56.8

Stock-based compensation expense

111.3

134.4

Deferred income taxes

(0.3)

8.6

Restructuring and other exit costs, net

36.6

0.2

Other operating activities

(1.3)

7.7

Changes in operating assets and liabilities, net of acquisitions:

Accounts receivable

204.2

185.5

Prepaid expenses and other current assets

7.9

(2.4)

Accounts payable and accrued liabilities

(201.3)

(98.6)

Deferred revenue

(66.7)

(9.9)

Accrued income taxes

11.5

(36.0)

Net cash provided by (used in) operating activities

26.4

Investing activities:

Purchases of marketable securities

(110.1)

(299.7)

Sales of marketable securities

27.0

110.8

Maturities of marketable securities

119.6

420.3

Capital expenditures

(36.7)

(26.4)

Acquisitions, net of cash acquired

(34.1)

—

Other investing activities

(6.0)

(4.3)

Net cash (used in) provided by investing activities

(40.3)

200.7

Financing activities:

Proceeds from issuance of common stock, net of issuance costs

50.4

55.9

Taxes paid related to net share settlement of equity awards

(53.0)

(49.8)

Repurchase and retirement of common stock

(154.7)

(315.2)

Proceeds from debt, net of discount

—

496.9

Repayment of debt

—

(400.0)

Other financing activities

—

(5.8)

Net cash used in financing activities

(157.3)

(218.0)

Effect of exchange rate changes on cash and cash equivalents

(11.4)

5.6

Net decrease in cash and cash equivalents

(182.6)

(39.0)

Cash and cash equivalents at beginning of the period

1,078.0

1,213.1

Cash and cash equivalents at end of the period

$

895.4

$

1,174.1