Autodesk, Inc. |
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Condensed Consolidated Statements of Cash Flows |
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(In millions) |
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| Nine Months Ended October 31, | ||||||
| 2018 |
| 2017 | ||||
| (Unaudited) | ||||||
Operating activities: |
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Net loss | $ | (145.5) |
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| $ | (393.4) |
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Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |
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Depreciation, amortization and accretion | 69.8 |
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| 81.5 |
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Stock-based compensation expense | 175.5 |
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| 199.5 |
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Deferred income taxes | 16.5 |
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| 7.3 |
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Restructuring and other exit costs, net | 34.5 |
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| 0.2 |
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Other operating activities | 14.8 |
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| 18.1 |
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Changes in operating assets and liabilities, net of acquisitions: |
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Accounts receivable | 129.4 |
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| 143.3 |
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Prepaid expenses and other current assets | 8.3 |
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| (6.5) |
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Accounts payable and accrued liabilities | (181.0) |
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| (69.3) |
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Deferred revenue | (73.8) |
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| (21.8) |
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Accrued income taxes | 17.1 |
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| (37.3) |
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Net cash provided by (used in) operating activities | 65.6 |
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| (78.4) |
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Investing activities: |
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Purchases of marketable securities | (135.3) |
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| (419.6) |
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Sales of marketable securities | 61.3 |
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| 199.2 |
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Maturities of marketable securities | 194.9 |
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| 530.1 |
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Capital expenditures | (49.4) |
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| (39.3) |
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Acquisitions, net of cash acquired | (34.1) |
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| — |
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Other investing activities | 2.3 |
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| (11.5) |
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Net cash provided by investing activities | 39.7 |
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| 258.9 |
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Financing activities: |
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Proceeds from issuance of common stock, net of issuance costs | 90.1 |
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| 93.2 |
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Taxes paid related to net share settlement of equity awards | (120.7) |
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| (120.6) |
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Repurchase and retirement of common stock | (261.3) |
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| (437.9) |
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Proceeds from debt, net of discount | — |
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| 496.9 |
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Repayment of debt | — |
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| (400.0) |
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Other financing activities | — |
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| (5.8) |
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Net cash used in financing activities | (291.9) |
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| (374.2) |
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Effect of exchange rate changes on cash and cash equivalents | (15.7) |
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| 5.8 |
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Net decrease in cash and cash equivalents | (202.3) |
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| (187.9) |
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Cash and cash equivalents at beginning of the period | 1,078.0 |
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| 1,213.1 |
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Cash and cash equivalents at end of the period | $ | 875.7 |
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| $ | 1,025.2 |
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