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Autodesk Annual Report, Year Ended Jan 31, 2002

Filing Date
Filed April 30, 2002
Period End
January 31, 2002
Security
ADSK
In the record · 2016–202610-K1110-Q328-K113

ADSK filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 113 current reports (8-K) between 2016 and 2026.

  1. FY2016 annual report10-K · Mar ’16Mar ’16
  2. Deal closed8-K · Dec ’18Dec ’18
  3. Leadership change8-K · May ’21May ’21
  4. Leadership change8-K · Jun ’25Jun ’25

01—Abstract

Summary

Summary of the 10-K filed April 30, 2002. Cited figures are marked; the original filing is the authoritative source.

Autodesk, Inc. reported stable net revenues for the fiscal year ended January 31, 2002, with a slight increase to $947.5 million compared to $936.3 milliona in the prior year.

The company experienced growth in its Design Solutions Segment, driven by strong performance in Geographic Information Services and Building Industry products, while the Discreet Segment saw a notable decline in revenue due to a slowdown in the media and entertainment sectors. Despite revenue growth, the company incurred significant restructuring charges of $33.6 millionb, largely related to office closures and employee terminations, which impacted overall profitability. Financially, Autodesk maintained a strong liquidity position with $504.6 million in cash and marketable securities and an undrawn credit line.

The company continued its share repurchase program, returning capital to shareholders. While facing general economic slowdowns and increased competition, Autodesk remains focused on product development and expanding its international market presence, which accounted for approximately 65%c of net revenues in fiscal 2002.

02—Key points

Key Highlights

  1. Net revenues grew slightly to $947.5 million in fiscal 2002, up from $936.3 million in fiscal 2001.
  2. The Design Solutions Segment showed revenue growth, while the Discreet Segment experienced a revenue decline.
  3. Significant restructuring charges of $33.6 million were recorded in fiscal 2002, impacting profitability.
  4. Autodesk maintained a strong liquidity position with $504.6 million in cash and marketable securities at fiscal year-end.
  5. International sales represented approximately 65% of total net revenues.
  6. The company continued its share repurchase program, reflecting a commitment to returning capital to shareholders.
  7. Autodesk is navigating a challenging economic environment and increasing competition in the design software market.

03—Questions

Frequently Asked Questions

  1. What was Autodesk's revenue performance in fiscal year 2002?

    Autodesk's net revenues for the fiscal year ended January 31, 2002, were $947.5 million, a slight increase from $936.3 million in fiscal 2001. This growth was primarily driven by the Design Solutions Segment, while the Discreet Segment experienced a revenue decrease.

  2. What significant charges or expenses did Autodesk incur during fiscal year 2002?

    The company recorded substantial restructuring and other charges totaling $33.6 million in fiscal 2002. These included costs associated with office closures, employee terminations, dissolution of an affiliate (RedSpark), and a goodwill write-off.

  3. How did Autodesk's international operations perform?

    International sales remained a significant contributor, accounting for approximately 65% of Autodesk's net revenues in fiscal 2002, slightly up from 64% in the prior year. The company noted that economic weakness in key international markets could adversely affect its business.

  4. What is Autodesk's financial health and liquidity position as of January 31, 2002?

    Autodesk maintained a strong financial position, with $504.6 million in cash and marketable securities. The company also had a $75.0 million line of credit available and generated $210.2 million in cash from operating activities during fiscal 2002.

04—Continue

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