8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (Nov 16, 2006)

Filed November 16, 2006For Securities:ADSK

Summary

Autodesk, Inc. filed an 8-K report on November 16, 2006, to announce its financial results for the third quarter ended October 31, 2006. The key takeaway for investors is the report of record revenues of $457 million, indicating strong top-line growth. The filing also provided insight into Autodesk's use of non-GAAP financial measures. Management utilizes these measures, which exclude stock-based compensation (SFAS 123R), certain litigation expenses, and amortization of purchased intangibles/in-process R&D (like that resulting from the Alias acquisition), to assess operational performance and for internal budgeting. While these non-GAAP measures are presented to offer supplemental insights, investors are advised to review them in conjunction with the company's GAAP financial statements and the provided reconciliations.

Key Highlights

  • 1Autodesk reported record revenues of $457 million for the three months ended October 31, 2006.
  • 2The company is furnishing a press release (Exhibit 99.1) detailing these financial results.
  • 3Autodesk utilizes non-GAAP financial measures to provide supplemental insights into operational performance.
  • 4Key exclusions from non-GAAP measures include stock-based compensation (SFAS 123R), certain litigation expenses, and amortization of purchased intangibles/in-process R&D.
  • 5Management uses these non-GAAP measures for internal budgeting, resource allocation, and performance comparisons.
  • 6The acquisition of Alias in January 2006 contributed to amortization of purchased intangibles and in-process R&D expenses, which are excluded from non-GAAP calculations.

Frequently Asked Questions

The primary financial event reported is Autodesk's record revenue of $457 million for the third quarter ended October 31, 2006, as detailed in a press release furnished with this filing.

Autodesk uses non-GAAP financial measures to provide supplemental information that management believes better reflects operational performance and facilitates internal comparisons. These measures exclude items like stock-based compensation, certain litigation expenses, and amortization of purchased intangibles/in-process R&D, which are not considered reflective of ongoing operations or are non-cash in nature.

Investors should understand that non-GAAP measures are not prepared in accordance with GAAP and may differ from those used by other companies. They should always be reviewed in conjunction with Autodesk's official GAAP financial statements and the reconciliations provided in the company's press releases to fully understand the financial picture.

Yes, the acquisition of Alias in January 2006 is mentioned as a reason for the inclusion of amortization of purchased intangibles and in-process research and development expenses. These specific costs are excluded from Autodesk's non-GAAP financial measures.