Autodesk 2001 Annual Report Download - page 33

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30 FY 01 Autodesk, Inc.
Autodesk, Inc.
Consolidated Statements of Cash Flows
(in thousands)
Fiscal year ended January 31, 2001 2000 1999
Operating activities
Net income $ 93,233 $ 9,808 $ 97,132
Adjustments to reconcile net income to net cash provided by operating activities:
Charge for acquired in-process research and development — 4,170 13,100
Depreciation and amortization 68,844 79,748 80,782
Litigation and related interest accrual reversal — — (20,900)
Reversal of restructuring reserve, net (1,034) (1,630) (1,504)
Net gain on disposition of business unit — — (1,307)
Net gain on sale of investment — — (2,500)
Equity in net loss of affiliate 16,289 — —
Loss on investment — 4,776 —
Net loss on fixed asset disposals 2,553 5,894 4,032
Tax benefits from employee stock plans 21,055 4,642 15,469
Changes in operating assets and liabilities, net of business combinations:
Accounts receivable (46,583) 4,985 (24,486)
Inventories 2,009 1,980 (872)
Deferred income taxes 6,170 (21,264) 11,940
Prepaid expenses and other current assets (725) (4,167) (4,604)
Accounts payable and accrued liabilities 25,205 27,403 7,181
Accrued income taxes 9,103 (8,418) 14,559
Net cash provided by operating activities 196,119 107,927 188,022
Investing activities
Investments in unconsolidated companies (25,799) — —
Purchases of available-for-sale marketable securities (2,578,504) (3,791,568) (838,591)
Maturities of available-for-sale marketable securities 2,708,404 3,528,305 874,800
Business combinations, net of cash acquired — (26,596) (69,279)
Capital and other expenditures (32,412) (14,932) (42,809)
Proceeds from disposition of fixed assets — 5,587 2,719
Proceeds from disposition of business unit — — 5,137
Proceeds from sale of investment — — 2,500
Purchases of software technologies and capitalization of software development costs (3,094) (5,150) (5,979)
Acquisition of other assets — — (7,537)
Net cash provided by (used in) investing activities 68,595 (304,354) (79,039)
Financing activities
Proceeds from issuance of common stock, net of issuance costs 114,036 160,580 90,962
Repurchase of common stock (359,293) (90,072) (48,866)
Dividends paid (13,580) (14,581) (11,722)
(Decrease) increase in credit line — (1,921) 2,643
(Repayments) notes payable borrowings (427) (704) 1,828
Minority interest 13,957 — —
Net cash (used in) provided by financing activities (245,307) 53,302 34,845
Effect of exchange rate changes on cash and cash equivalents (11,657) (7,495) 6,375
Adjustment to conform fiscal year of Discreet Logic — 320 (33,810)
Net increase (decrease) in cash and cash equivalents 7,750 (150,300) 116,393
Cash and cash equivalents at beginning of year 108,641 258,941 142,548
Cash and cash equivalents at end of year $ 116,391 $ 108,641 $ 258,941
Supplemental noncash information:
Common stock received in relation to the equity collar $ — $ — $ 4,265
Shares issued in connection with an acquisition $ 2,780 $ — $ —
See accompanying notes.