Autodesk 2014 Annual Report Download - page 134

Download and view the complete annual report

Please find page 134 of the 2014 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 184

  • 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
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184

2013 Annual Report
2014 Form 10-K 60
AUTODESK, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
Fiscal year ended January 31,
2014 2013 2012
Operating Activities
Net income $ 228.8 $ 247.4 $ 285.3
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion 128.9 127.8 115.5
Stock-based compensation expense 132.2 156.3 108.8
Excess tax benefits from stock-based compensation (9.1) (12.9) (31.5)
Restructuring charges (benefits), net 12.8 43.9 (1.3)
Other operating activities (16.1) 6.7 (0.3)
Changes in operating assets and liabilities, net of business combinations:
Accounts receivable 72.3 (98.1) (71.8)
Deferred income taxes (49.4) (28.3) (33.8)
Prepaid expenses and other current assets (20.3) 0.1 17.7
Accounts payable and accrued liabilities (19.6) (28.3) 2.9
Deferred revenue 66.0 113.3 129.6
Accrued income taxes 37.0 31.2 52.4
Net cash provided by operating activities 563.5 559.1 573.5
Investing Activities
Purchases of marketable securities (1,214.2) (1,397.7) (614.2)
Sales of marketable securities 537.0 332.9 149.5
Maturities of marketable securities 742.1 764.8 409.6
Acquisitions, net of cash acquired (176.1) (263.7) (221.7)
Capital expenditures (64.2) (56.4) (63.0)
Other investing activities (18.6) (27.1) (30.5)
Net cash used in investing activities (194.0) (647.2) (370.3)
Financing Activities
Proceeds from issuance of common stock, net of issuance costs 288.2 220.2 176.1
Repurchase and retirement of common shares (423.8) (431.2) (327.4)
Draws on line of credit — 110.0 —
Proceeds from debt, net of discount — 745.6 —
Repayments of line of credit — (110.0) —
Excess tax benefits from stock-based compensation 9.1 12.9 31.5
Other financing activities —(6.1)—
Net cash (used in) provided by financing activities (126.5) 541.4 (119.8)
Effect of exchange rate changes on cash and cash equivalents (2.2) 2.0 (1.6)
Net increase in cash and cash equivalents 240.8 455.3 81.8
Cash and cash equivalents at beginning of fiscal year 1,612.2 1,156.9 1,075.1
Cash and cash equivalents at end of fiscal year $ 1,853.0 $ 1,612.2 $ 1,156.9
Supplemental cash flow information:
Cash paid during the year for interest $ 20.5 $ 0.4 $ —
Net cash paid during the year for income taxes $ 75.7 $ 59.7 $ 63.0
See accompanying Notes to Consolidated Financial Statements.