Autodesk 2002 Annual Report Download - page 37

Download and view the complete annual report

Please find page 37 of the 2002 Autodesk annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 74

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74

AUTODESK, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Fiscal year ended January 31,
2002 2001 2000
(in thousands)
Operating activities
Netincome .................................................................... $ 90,313 $ 93,233 $ 9,808
Adjustments to reconcile net income to net cash provided by operating activities:
Charge for acquired in-process research and development ........................... 3,180 — 4,170
Depreciation and amortization ................................................. 62,907 68,844 79,748
Gain on disposal of affiliate ................................................... (9,461) — —
Write-downs of cost-method and other investments ................................ 2,861 2,553 4,776
Equity in net loss of affiliate .................................................. 1,211 16,289 —
Net loss on fixed asset disposals ............................................... 2,016 — 5,894
Tax benefits from employee stock plans ......................................... 12,176 21,055 4,642
Restructuring related reserve additions (reversals), net .............................. 26,816 (1,034) (1,630)
Changes in operating assets and liabilities, net of business combinations:
Accounts receivable ......................................................... 18,383 (46,583) 4,985
Inventories ................................................................ (357) 2,009 1,980
Deferred income taxes ....................................................... 7,789 6,170 (21,264)
Prepaid expenses and other current assets ........................................ (5,771) (725) (4,167)
Accounts payable and accrued liabilities ......................................... (8,576) 8,016 19,316
Deferred revenues .......................................................... 11,856 17,189 8,087
Accrued income taxes ....................................................... (5,187) 9,103 (8,418)
Net cash provided by operating activities .................................... 210,156 196,119 107,927
Investing activities
Investments in unconsolidated companies ........................................ — (25,799) —
Purchases of available-for-sale marketable securities ............................... (1,803,753) (2,578,504) (3,791,568)
Maturities of available-for-sale marketable securities ............................... 1,741,921 2,708,404 3,528,305
Business combinations, net of cash acquired ...................................... (34,271) — (26,596)
Capital and other expenditures ................................................. (45,068) (32,412) (14,932)
Proceeds from disposition of fixed assets ........................................ — — 5,587
Purchases of software technologies and capitalization of software development costs ..... (12,365) (3,094) (5,150)
Other investing activities ..................................................... 2,970 — —
Net cash (used in) provided by investing activities ............................. (150,566) 68,595 (304,354)
Financing activities
Proceeds from issuance of common stock, net of issuance costs ...................... 80,495 114,036 160,580
Repurchaseofcommonstock ................................................. (97,293) (359,293) (90,072)
Dividendspaid ............................................................. (13,092) (13,580) (14,581)
(Decrease) increase in credit line ............................................... — — (1,921)
(Repayments)borrowings .................................................... (486) (427) (704)
Minority interest ............................................................ (2,656) 13,957 —
Net cash (used in) provided by financing activities ............................. (33,032) (245,307) 53,302
Effect of exchange rate changes on cash and cash equivalents ............................ (6,168) (11,657) (7,495)
Adjustment to conform fiscal year of Discreet Logic ................................... — — 320
Net increase (decrease) in cash and cash equivalents ................................... 20,390 7,750 (150,300)
Cash and cash equivalents at beginning of year ....................................... 116,391 108,641 258,941
Cash and cash equivalents at end of year ............................................. $ 136,781 $ 116,391 $ 108,641
Supplemental noncash information:
Shares issued in connection with an acquisition ................................... $ 450 $ 2,780 $ —
See accompanying notes.
36