EX-99.1 2 dex991.htm CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Condensed Consolidated Statements of Cash Flows

Exhibit 99.1

 

Autodesk, Inc.

Condensed Consolidated Statements of Cash Flows

(In thousands)

 

    

Six Months Ended

July 31,


 
     2004

    2003

 
     (Unaudited)  

Operating Activities

                

Net income

   $ 81,670     $ 40,110  

Adjustments to reconcile net income to net cash provided by operating activities:

                

Depreciation and amortization

     25,372       24,129  

Stock compensation expense

     377       1,013  

Net loss on fixed asset disposals

     282       —    

Write-downs of cost method investments

     —         26  

Tax benefits from employee stock plans

     24,414       —    

Restructuring related charges, net

     5,648       —    

Changes in operating assets and liabilities

     884       (17,707 )
    


 


Net cash provided by operating activities

     138,647       47,571  
    


 


Investing Activities

                

Net sales and maturities of available-for-sale marketable securities

     20,165       30,839  

Capital and other expenditures

     (15,775 )     (13,865 )

Business combinations, net of cash acquired

     (11,750 )     (5,150 )

Other investing activities

     (1,490 )     1,448  
    


 


Net cash (used in) provided by investing activities

     (8,850 )     13,272  
    


 


Financing activities

                

Proceeds from issuance of common stock, net of issuance costs

     160,879       21,467  

Repurchase of common stock

     (216,410 )     (45,671 )

Dividends paid

     (6,741 )     (6,680 )
    


 


Net cash used in financing activities

     (62,272 )     (30,884 )
    


 


Effect of exchange rate changes on cash and cash equivalents

     (3,803 )     3,088  
    


 


Net increase in cash and cash equivalents

     63,722       33,047  

Cash and cash equivalents at beginning of year

     282,249       186,377  
    


 


Cash and cash equivalents at end of period

   $ 345,971     $ 219,424  
    


 


Supplemental cash flow information:

                

Net cash paid (received) during the period for income taxes

   $ 7,365     $ (573 )