Leases

3 Months Ended

Apr. 30, 2019

Autodesk has operating leases for real estate, vehicles and certain equipment. Leases have remaining lease terms of less than 1 year to 71 years, some of which include options to extend the lease with renewal terms from 1 year to 10 years and some of which include options to terminate the leases from less than 1 year to 11 years. Options to extend the lease are included in the lease liability if they are reasonably certain of being exercised. Options to terminate are considered in determining the lease liability if they are reasonably certain of being exercised. The Company’s lease contracts include obligations to pay for other services, such as operations and maintenance. The Company’s leases do not contain residual value guarantees or material restrictive covenants.

The components of lease cost were as follows:



	Three months ended April 30, 2019
	Cost of subscription and maintenance revenue		Cost of other revenue		Marketing and sales		Research and development		General and administrative		Total
Operating lease cost	$	1.6	$	0.4	$	8.8	$	6.7	$	2.8	$	20.3
Variable lease cost	0.2		0.1		1.3		1.0		0.4		$	3.0

Supplemental operating cash flow information related to leases is as follows:



	Three months ended April 30,
	2019
Operating cash flows from operating leases (1)	$	(23.6	)
Non-cash operating lease liabilities arising from obtaining operating lease right-of-use assets	44.0

_______________

(1) Includes $3.0 million in variable lease payments not included in "Operating lease liabilities" and "Long-term operating lease liabilities" on the Condensed Consolidated Balance Sheet.

The weighted average remaining lease term for operating leases is 6.2 years at April 30, 2019. The weighted average discount rate was 3.85% at April 30, 2019.

Maturities of operating lease liabilities were as follows:



Fiscal year ending
2020 (remainder)	$	49.2
2021	75.9
2022	65.1
2023	57.9
2024	43.8
Thereafter	75.3
	367.2
Less imputed interest	42.4
Present value of operating lease liabilities	$	324.8

As of April 30, 2019, Autodesk has additional operating lease minimum lease payments of $25.8 million for executed leases that have not yet commenced, primarily for office locations.

For the three months ended April 30, 2018, rent expense related to operating leases under previous accounting guidance was $15.1 million.