Autodesk 2000 Annual Report Download - page 32

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31
Autodesk, Inc. FY 00
Autodesk, Inc.
Consolidated Statement of Cash Flows
(in thousands)
Fiscal year ended January 31, 2000 1999 1998
Operating activities
Net income $ 9,808 $ 97,132 $ 56,215
Adjustments to reconcile net income to net cash provided by operating activities:
Charge for acquired in-process research and development 4,170 13,100 29,102
Depreciation and amortization 79,748 80,782 66,331
Litigation and related interest accrual reversal — (20,900) —
Reversal of restructuring reserve, net (1,630) (1,504) (1,504)
Net gain on disposition of business unit — (1,307) —
Net gain on sale of investment — (2,500) (2,500)
Loss on investment 4,776 — —
Write-off of assets for restructuring — — 610
Net loss on fixed asset disposals 5,894 4,032 —
Changes in operating assets and liabilities,net of business combinations:
Settlement of class action litigation — — (10,800)
Insurance proceeds related to class action litigation — — 3,459
Accounts receivable 4,985 (24,486) 4,503
Inventories 1,980 (872) 3,913
Deferred income taxes (21,264) 11,940 (7,177)
Prepaid expenses and other current assets (4,167) (4,604) 1,266
Accounts payable and accrued liabilities 27,403 7,181 25,888
Accrued income taxes (8,418) 14,559 6,413
Net cash provided by operating activities 103,285 172,553 175,719
Investing activities
Purchases of available-for-sale marketable securities (3,791,568) (838,591) (1,102,015)
Maturities of available-for-sale marketable securities 3,528,305 874,800 1,126,174
Business combinations,net of cash acquired (26,596) (69,279) (16,108)
Capital and other expenditures (14,932) (42,809) (24,538)
Proceeds from disposition of fixed assets 5,587 2,719 818
Proceeds from disposition of business unit — 5,137 —
Proceeds from sale of investment — 2,500 2,500
Purchases of software technologies and capitalization of software development costs (5,150) (5,979) (19,833)
Acquisition of other assets — (7,537) —
Net cash used in investing activities (304,354) (79,039) (33,002)
Financing activities
Proceeds from issuance of common stock, net of issuance costs 165,222 106,431 95,247
Repurchase of common stock (90,072) (48,866) (174,907)
Dividends paid (14,581) (11,722) (11,290)
(Decrease) increase in credit line (1,921) 2,643 2,713
Notes payable and borrowings (repayments) (704) 1,828 —
Net cash provided by (used in) financing activities 57,944 50,314 (88,237)
Effect of exchange rate changes on cash and cash equivalents (7,495) 6,375 (8,414)
Adjustment to conform fiscal year of Discreet Logic 320 (33,810) —
Net increase (decrease) in cash and cash equivalents (150,300) 116,393 46,066
Cash and cash equivalents at beginning of year 258,941 142,548 96,482
Cash and cash equivalents at end of period $ 108,641 $ 258,941 $ 142,548
Supplemental noncash information:
Common stock received in relation to the equity collar $ — $ 4,265 $ —
Common stock issued in connection with the acquisition of Softdesk $ — $ — $ 92,021
See accompanying notes.