v3.22.2.2
Concentration of Credit Risk
9 Months Ended
Oct. 31, 2022
Risks and Uncertainties [Abstract]  
Concentration of Credit Risk Concentration of Credit Risk
    
Autodesk places its cash, cash equivalents, and marketable securities in highly liquid instruments with, and in the custody of, multiple diversified financial institutions globally with high credit ratings, and limits the amounts invested with any one institution, type of security, and issuer. Autodesk’s primary commercial banking relationship is with Citigroup Inc. and its global affiliates. Citibank, N.A., an affiliate of Citigroup, is one of the lead lenders and an agent in the syndicate of Autodesk’s $1.5 billion revolving credit facility. See Note 14, “Borrowing Arrangements,” in the Notes to Condensed Consolidated Financial Statements for further discussion.
Total sales to the Company's largest distributor Tech Data Corporation and its global affiliates (“Tech Data”) accounted for 37% of Autodesk’s total net revenue during both the three and nine months ended October 31, 2022. Total sales to Tech Data accounted for 37% and 36% of Autodesk’s total net revenue for the three and nine months ended October 31, 2021. The majority of the net revenue from sales to Tech Data is for sales outside of the United States. In addition, Tech Data accounted for 24% of trade accounts receivable at both October 31, 2022, and January 31, 2022. Ingram Micro Inc. (“Ingram Micro”) accounted for 9% of Autodesk's total net revenue during both the three and nine months ended October 31, 2022. Total sales to Ingram Micro accounted for 9% of Autodesk’s total new revenue during both the three and nine months ended October 31, 2021. No other customer accounted for more than 10% of Autodesk's total net revenue or trade accounts receivable for each of the respective periods.