Autodesk, Inc.

Condensed Consolidated Statements of Cash Flows

(In millions)

Fiscal Year Ended January 31,

2024

2023

Operating activities:

Net income

$               906

$               823

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

Depreciation, amortization and accretion

139

150

Stock-based compensation expense

703

657

Deferred income taxes

(86)

(277)

Lease-related asset impairments

14

34

Other operating activities

(52)

(8)

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

Accounts receivable

86

(247)

Prepaid expenses and other assets

(77)

(3)

Accounts payable and other liabilities

(12)

(5)

Deferred revenue

(316)

798

Accrued income taxes

8

149

Net cash provided by operating activities

1,313

2,071

Investing activities:

Purchases of marketable securities

(1,110)

(397)

Sales of marketable securities

277

152

Maturities of marketable securities

487

298

Purchases of intangible assets

(30)

(6)

Business combinations, net of cash acquired

(70)

(96)

Capital expenditures

(31)

(40)

Other investing activities

(25)

(54)

Net cash used in investing activities

(502)

(143)

Financing activities:

Proceeds from issuance of common stock, net of issuance costs

130

124

Taxes paid related to net share settlement of equity awards

(187)

(160)

Repurchase and retirement of common stock

(795)

(1,101)

Repayment of debt

—

(350)

Net cash used in financing activities

(852)

(1,487)

Effect of exchange rate changes on cash and cash equivalents

(14)

(22)

Net (decrease) increase in cash and cash equivalents

(55)

419

Cash and cash equivalents at beginning of the period

1,947

1,528

Cash and cash equivalents at end of the period

$             1,892

$             1,947