8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (Aug 16, 2007)

Filed August 16, 2007For Securities:ADSK

Summary

Autodesk, Inc. filed an 8-K on August 16, 2007, to report its financial results for the three months ended July 31, 2007. The key takeaway for investors is the announcement of record revenues of $526 million for the quarter. This filing primarily furnishes a press release detailing these results, which will be further incorporated by reference in future filings. The company also provided details on its use of non-GAAP financial measures. Autodesk utilizes these measures, which exclude items such as stock-based compensation, amortization of purchased intangibles, certain tax-related payments from stock option reviews, and specific litigation expenses, to provide a clearer view of operational performance and facilitate comparisons with competitors. Investors are advised to review both GAAP and non-GAAP figures, as provided in the accompanying press release, for a comprehensive understanding of the company's financial health.

Key Highlights

  • 1Autodesk reported record revenues of $526 million for the three months ended July 31, 2007.
  • 2The 8-K filing includes a press release detailing the company's financial results for the period.
  • 3The press release is furnished as Exhibit 99.1 and incorporated by reference.
  • 4Autodesk uses non-GAAP financial measures, including net income and EPS, to supplement GAAP results.
  • 5Non-GAAP measures exclude stock-based compensation (SFAS 123R), amortization of intangibles, certain stock option review tax reimbursements, and specific litigation expenses.
  • 6Management believes non-GAAP measures offer meaningful supplemental information for assessing earning potential and comparing with competitors.
  • 7Investors are encouraged to review both GAAP and non-GAAP financial information.

Frequently Asked Questions

The primary financial highlight is Autodesk's announcement of record revenues totaling $526 million for the fiscal third quarter ended July 31, 2007.

Autodesk excludes stock-based compensation (SFAS 123R), amortization of purchased intangibles and in-process R&D, certain employee tax reimbursements related to stock option reviews, and specific large, non-recurring litigation expenses.

Autodesk's management uses non-GAAP measures to assess operating performance, facilitate budgeting and forecasting, and enable comparisons with historical results of competitors. They believe these measures provide meaningful supplemental information about the company's earning potential.

The detailed financial results are provided in the press release, which is furnished as Exhibit 99.1 to this 8-K filing. This press release should be reviewed alongside the 8-K for a complete understanding.