8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (Jun 8, 2007)

Filed June 8, 2007For Securities:ADSK

Summary

Autodesk, Inc. (ADSK) filed an 8-K on June 8, 2007, to furnish a press release announcing its financial results for the fiscal year ended January 31, 2007, and the first quarter ended April 30, 2007. This filing primarily serves to provide investors with these reported results and details on the non-GAAP financial measures used by management. The company emphasizes its use of non-GAAP earnings per share, which excludes stock-based compensation (SFAS 123R), amortization of purchased intangibles, and certain stock option review-related payments, to offer a clearer view of operational performance and comparability with peers.

Key Highlights

  • 1Autodesk filed an 8-K on June 8, 2007, reporting its financial results for FY2007 and Q1 FY2008.
  • 2The report includes a press release (Exhibit 99.1) detailing financial outcomes for the fiscal year ended January 31, 2007, and the quarter ended April 30, 2007.
  • 3The company utilizes non-GAAP financial measures, specifically non-GAAP earnings per share, to supplement GAAP reporting.
  • 4Key exclusions from non-GAAP EPS include stock-based compensation (SFAS 123R), amortization of purchased intangibles, and certain stock option review expenses.
  • 5Management believes these non-GAAP measures provide meaningful supplemental information for assessing earning potential and facilitating comparisons with competitors.
  • 6The filing indicates the acquisition of Alias in January 2006 as a reason for amortization of purchased intangibles.
  • 7Autodesk's CFO, Alfred J. Castino, signed the report, confirming the authenticity of the disclosed financial information.

Frequently Asked Questions

The primary purpose of this 8-K filing is to furnish a press release that reports Autodesk's financial results for the fiscal year ended January 31, 2007, and the quarter ended April 30, 2007. It also provides details on the non-GAAP financial measures the company uses.

The report covers selected financial results for the fiscal years ended January 31, 2007, 2006, 2005, 2004, and 2003, and for the first quarter ended April 30, 2007.

Autodesk presents non-GAAP financial measures, such as non-GAAP EPS, because management believes they provide meaningful supplemental information regarding the company's earning potential. These measures are used internally for budgeting and resource allocation and facilitate comparisons with competitors by excluding items like stock-based compensation and amortization of intangibles.

The main items excluded from Autodesk's non-GAAP earnings per share are: (a) the impact of stock-based compensation under SFAS 123R, (b) amortization of purchased intangibles and in-process R&D expenses (often related to acquisitions like Alias), and (c) certain payments to employees related to tax issues from the company's voluntary stock option review.