Autodesk 2007 Annual Report Download - page 160

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 2. Restatement of Consolidated Financial Statements (Continued)
The following table presents the effects of the net revenues, stock-based compensation and related
tax adjustments made to the Company’s previously reported consolidated statements of cash flows (in
millions):
Fiscal year ended January 31, 2006 Fiscal year ended January 31, 2005
As Reported Adjustments As Restated As Reported Adjustments As Restated
Operating Activities
Net income $ 328.9 $ 4.7 $ 333.6 $ 221.5 $ (0.4) $ 221.1
Adjustments to reconcile net income to net cash
provided by operating activities:
Charge for acquired in-process research and
development 9.1 — 9.1 — — —
Depreciation and amortization 43.7 — 43.7 51.9 — 51.9
Stock-based compensation expense 0.4 4.2 4.6 3.9 8.0 11.9
Net loss on fixed asset disposals 0.1 — 0.1 0.6 — 0.6
Tax benefits from employee stock plans 124.0 0.6 124.6 116.9 (4.4) 112.5
Restructuring related charges, net — — — 9.2 — 9.2
Changes in operating assets and liabilities, net of
business combinations:
Accounts receivable (45.8) — (45.8) (30.0) — (30.0)
Inventories (1.0) — (1.0) 4.8 — 4.8
Deferred income taxes (87.8) 3.8 (84.0) (101.7) 0.9 (100.8)
Prepaid expenses and other current assets 0.3 — 0.3 (1.3) — (1.3)
Accounts payable and accrued liabilities (15.1) 0.7 (14.4) 39.6 1.0 40.6
Deferred revenues 85.7 (14.0) 71.7 67.0 (5.1) 61.9
Accrued income taxes (27.3) — (27.3) (9.1) — (9.1)
Net cash provided by operating activities 415.2 — 415.2 373.3 — 373.3
Investing Activities
Purchases of available-for-sale marketable securities (279.3) — (279.3) (259.6) — (259.6)
Sales and maturities of available-for-sale marketable
securities 204.0 — 204.0 490.3 — 490.3
Business combinations, net of cash acquired (242.1) — (242.1) (11.8) — (11.8)
Capital and other expenditures (20.5) — (20.5) (40.8) — (40.8)
Purchases of software technologies and
capitalization of software development costs — — — (1.6) — (1.6)
Other investing activities (0.1) — (0.1) (0.9) — (0.9)
Net cash provided by (used in) investing activities (338.0) — (338.0) 175.6 — 175.6
Financing Activities
Proceeds from issuance of common stock, net of
issuance costs 144.6 — 144.6 242.2 — 242.2
Repurchases of common stock (446.6) — (446.6) (546.3) — (546.3)
Dividends paid (3.4) — (3.4) (13.5) — (13.5)
Other financing activities (0.2) — (0.2) (0.2) — (0.2)
Net cash used in financing activities (305.6) — (305.6) (317.8) — (317.8)
Effect of exchange rate changes on cash and cash
equivalents (2.1) — (2.1) 4.4 — 4.4
Net increase (decrease) in cash and cash
equivalents (230.5) — (230.5) 235.5 — 235.5
Cash and cash equivalents at beginning of year 517.7 — 517.7 282.2 — 282.2
Cash and cash equivalents at end of period $ 287.2 $ — $ 287.2 $ 517.7 $ — $ 517.7