Autodesk, Inc.

Condensed Consolidated Statements of Cash Flows

(In millions)

Fiscal Year Ended January 31,

2021

2020

(Unaudited)

Operating activities:

Net income

$

1,208.2

$

214.5

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

Depreciation, amortization and accretion

123.8

127.3

Stock-based compensation expense

398.4

362.4

Deferred income taxes

(778.6)

10.3

Restructuring and other exit costs, net

—

0.5

Other

38.8

(11.9)

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

Accounts receivable

12.6

(178.5)

Prepaid expenses and other current assets

(56.4)

58.5

Accounts payable and accrued liabilities

129.6

(90.8)

Deferred revenue

344.4

916.7

Accrued income taxes

16.4

6.1

Net cash provided by operating activities

1,437.2

1,415.1

Investing activities:

Purchases of marketable securities

(21.0)

(19.9)

Sales of marketable securities

—

22.4

Maturities of marketable securities

17.0

5.0

Capital expenditures

(91.1)

(53.2)

Purchases of developed technologies

(4.8)

—

Business combinations, net of cash acquired

(246.2)

—

Other investing activities

(57.8)

(11.6)

Net cash used in investing activities

(403.9)

(57.3)

Financing activities:

Proceeds from issuance of common stock, net of issuance costs

114.1

93.7

Taxes paid related to net share settlement of equity awards

(156.7)

(112.5)

Repurchase and retirement of common stock

(551.7)

(442.5)

Proceeds from debt, net of discount

—

498.9

Repayment of debt

(450.0)

(500.0)

Other financing activities

(2.5)

(4.4)

Net cash used in financing activities

(1,046.8)

(466.8)

Effect of exchange rate changes on cash and cash equivalents

11.0

(2.3)

Net (decrease) increase in cash and cash equivalents

(2.5)

888.7

Cash and cash equivalents at beginning of the period

1,774.7

886.0

Cash and cash equivalents at end of the period

$

1,772.2

$

1,774.7