8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (Nov 15, 2007)

Filed November 15, 2007For Securities:ADSK

Summary

Autodesk, Inc. filed an 8-K on November 15, 2007, to report its financial results for the third quarter ended October 31, 2007. The primary focus of this filing is the accompanying press release (Exhibit 99.1) which announced record revenues of $538 million for the quarter. This represents a significant achievement for the company and indicates strong top-line performance. Beyond the headline revenue figure, the filing details the company's use of non-GAAP financial measures. Autodesk management utilizes these measures, which exclude items such as stock-based compensation, amortization of purchased intangibles, in-process R&D, and investment impairments, to provide a more insightful view of operational performance and facilitate comparisons with peers. Investors are advised to review these non-GAAP measures in conjunction with the GAAP results presented in the press release.

Key Highlights

  • 1Autodesk reported record quarterly revenues of $538 million for the three months ended October 31, 2007.
  • 2The 8-K filing incorporates by reference a press release announcing these financial results.
  • 3The company utilizes non-GAAP financial measures, including non-GAAP net earnings and EPS, for internal analysis and external comparisons.
  • 4Excluded items from non-GAAP measures include stock-based compensation (SFAS 123R), amortization of purchased intangibles, in-process R&D, and investment impairment.
  • 5Management believes non-GAAP measures provide meaningful supplemental information about earnings potential and facilitate competitive analysis.
  • 6The filing clarifies that non-GAAP measures are not a substitute for GAAP and should be viewed alongside GAAP results.
  • 7The press release also mentions the acquisition of NavisWorks in calendar year 2007 as a reason for certain expenses.

Frequently Asked Questions

The main purpose of this 8-K filing is to report Autodesk's financial results for the third quarter ended October 31, 2007, as detailed in an accompanying press release. It also informs investors about the company's use of non-GAAP financial measures.

Autodesk reported record revenues of $538 million for the three months ended October 31, 2007.

Autodesk uses non-GAAP financial measures to provide supplemental information that management believes offers a clearer view of the company's earnings potential. These measures are used for internal budgeting, resource allocation, and to facilitate comparisons with competitors' historical results and guidance, as they exclude certain non-cash expenses and acquisition-related charges.

Autodesk excludes the impact of stock-based compensation (SFAS 123R), amortization of purchased intangibles, in-process research and development expenses, investment impairment charges, and the related income tax effects from its non-GAAP financial measures.