8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (Feb 26, 2008)

Filed February 26, 2008For Securities:ADSK

Summary

This 8-K filing by Autodesk, Inc. (ADSK) on February 26, 2008, announces their financial results for the three months ended January 31, 2008. The most significant piece of information is the reported record revenue of $599 million for the quarter, as detailed in the accompanying press release (Exhibit 99.1). Additionally, the filing provides insights into Autodesk's use of non-GAAP financial measures. The company explains that management utilizes these measures, which exclude items such as stock-based compensation, amortization of purchased intangibles, tax issues from stock option reviews, litigation expenses, investment impairments, and related income tax effects, to gain a more meaningful understanding of the company's earning potential and facilitate comparisons with competitors. Investors are encouraged to review the full press release for a comprehensive understanding of both GAAP and non-GAAP results.

Key Highlights

  • 1Autodesk reported record revenue of $599 million for the three months ended January 31, 2008.
  • 2The company is reporting quarterly financial results via a press release furnished as Exhibit 99.1.
  • 3Autodesk utilizes non-GAAP financial measures in addition to GAAP results for internal decision-making and external reporting.
  • 4Key exclusions from non-GAAP measures include stock-based compensation, amortization of purchased intangibles, and certain litigation expenses.
  • 5Management believes non-GAAP measures provide meaningful supplemental information on earning potential and facilitate competitor comparisons.
  • 6The filing includes a detailed explanation of the rationale behind excluding specific items from non-GAAP calculations.
  • 7Investors are advised to review both GAAP and non-GAAP measures, as non-GAAP results have limitations and are not a substitute for GAAP reporting.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Autodesk's quarterly financial results for the period ending January 31, 2008, as detailed in an accompanying press release. It also explains the company's use of non-GAAP financial measures.

Autodesk reported record revenue of $599 million for the three months ended January 31, 2008, according to the press release furnished with this filing.

Autodesk presents non-GAAP financial measures because management uses them for internal budgeting, resource allocation, and decision-making. They believe these measures provide meaningful supplemental information about the company's earning potential and allow for better comparisons with competitors' results and guidance. Key exclusions include stock-based compensation, amortization of intangibles, and certain one-time expenses.

The filing notes that non-GAAP financial measures are not prepared in accordance with GAAP and may differ from those used by other companies. They can also exclude items that may materially impact reported financial results. Autodesk emphasizes that these measures should be viewed in conjunction with, and not as a substitute for, GAAP financial measures.