Autodesk, Inc.

Condensed Consolidated Statements of Cash Flows

(In millions)

Three Months Ended April 30,

2023

2022

(Unaudited)

Operating activities:

Net income

$                161

$               146

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

Depreciation, amortization and accretion

33

38

Stock-based compensation expense

165

152

Deferred income taxes

(30)

(22)

Lease-related asset impairments

—

2

Other

(11)

27

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

Accounts receivable

630

332

Prepaid expenses and other assets

(32)

(23)

Accounts payable and other liabilities

(168)

(218)

Deferred revenue

(98)

(38)

Accrued income taxes

73

38

Net cash provided by operating activities

723

434

Investing activities:

Purchases of marketable securities

(342)

(29)

Sales and maturities of marketable securities

163

202

Capital expenditures

(9)

(12)

Purchases of intangible assets

(6)

(4)

Business combinations, net of cash acquired

(26)

(96)

Other investing activities

(10)

(30)

Net cash (used in) provided by investing activities

(230)

31

Financing activities:

Proceeds from issuance of common stock, net of issuance costs

71

67

Taxes paid related to net share settlement of equity awards

(82)

(70)

Repurchases of common stock

(512)

(457)

Net cash used in financing activities

(523)

(460)

Effect of exchange rate changes on cash and cash equivalents

(8)

(15)

Net decrease in cash and cash equivalents

(38)

(10)

Cash and cash equivalents at beginning of period

1,947

1,528

Cash and cash equivalents at end of period

$           1,909

$            1,518

Supplemental cash flow disclosure:

Non-cash financing activities:

Fair value of common stock issued to settle liability-classified restricted common stock

$                    1

$                  —

Fair value of common stock issued related to business combinations

$                   —

$                 10