Autodesk, Inc. |
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Condensed Consolidated Statements of Cash Flows |
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(In millions) (1) |
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| Six Months Ended July 31, | ||
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| 2022 |
| 2021 |
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| (Unaudited) | ||
Operating activities: |
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Net income | $ 332 |
| $ 271 |
Adjustments to reconcile net income to net cash provided by operating activities: |
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Depreciation, amortization and accretion | 76 |
| 72 |
Stock-based compensation expense | 322 |
| 266 |
Deferred income taxes | (43) |
| 26 |
Lease-related asset impairments | 9 |
| — |
Other | (11) |
| 9 |
Changes in operating assets and liabilities, net of business combinations: |
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Accounts receivable | 281 |
| 293 |
Prepaid expenses and other assets | (25) |
| (158) |
Accounts payable and other liabilities | (199) |
| (151) |
Deferred revenue | (77) |
| (71) |
Accrued income taxes | 26 |
| (19) |
Net cash provided by operating activities | 691 |
| 538 |
Investing activities: |
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Purchases of marketable securities | (97) |
| — |
Sales and maturities of marketable securities | 245 |
| 4 |
Capital expenditures | (23) |
| (36) |
Purchases of developed technologies | (5) |
| (8) |
Business combinations, net of cash acquired | (96) |
| (1,155) |
Other investing activities | (47) |
| 9 |
Net cash used in investing activities | (23) |
| (1,186) |
| Financing activities: |
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| Proceeds from issuance of common stock, net of issuance costs | 67 |
| 65 |
| Taxes paid related to net share settlement of equity awards | (92) |
| (62) |
| Repurchases of common stock | (708) |
| (199) |
| Net cash used in financing activities | (733) |
| (196) |
| Effect of exchange rate changes on cash and cash equivalents | (23) |
| (4) |
| Net decrease in cash and cash equivalents | (88) |
| (848) |
| Cash and cash equivalents at beginning of period | 1,528 |
| 1,772 |
| Cash and cash equivalents at end of period | $ 1,440 |
| $ 924 |
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| Supplemental cash flow disclosure: |
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| Non-cash financing activities: |
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| Fair value of common stock issued to settle liability-classified restricted common stock | $ 5 |
| $ — |
| Fair value of common stock issued related to business combinations | $ 10 |
| $ 3 |
| ____________________ |
| (1) In the current fiscal year, the Company changed its rounding presentation to the nearest whole number in millions of reported
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