8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (Feb 23, 2010)

Filed February 23, 2010For Securities:ADSK

Summary

Autodesk, Inc. (ADSK) filed an 8-K on February 23, 2010, to report its financial results for the fourth quarter and fiscal year ended January 31, 2010. The filing highlights sequential revenue, profitability, and cash flow growth, indicating a positive operational trend for the company at the close of its fiscal year. Investors should note that the company also provided non-GAAP financial measures alongside its GAAP results, offering a different perspective on its financial performance by excluding items such as stock-based compensation, amortization of intangibles, goodwill impairment, restructuring charges, and certain tax adjustments. Management utilizes these non-GAAP measures to assess earning potential and facilitate comparisons, though investors are advised to consider these alongside the official GAAP figures due to potential differences and limitations.

Key Highlights

  • 1Autodesk reported sequential revenue, profitability, and cash flow growth for Q4 FY2010.
  • 2The company provided both GAAP and non-GAAP financial results to investors.
  • 3Non-GAAP measures exclude stock-based compensation expenses.
  • 4Amortization of purchased intangibles and in-process R&D are excluded from non-GAAP results.
  • 5Goodwill and intangible asset impairment charges are not included in non-GAAP figures.
  • 6Restructuring charges are excluded from non-GAAP reporting to reflect ongoing operational results.
  • 7Management uses non-GAAP measures for internal budgeting, resource allocation, and assessing earning potential.

Frequently Asked Questions

This 8-K filing's primary purpose is to formally report Autodesk's financial results for the fourth quarter and full fiscal year ended January 31, 2010, as detailed in their accompanying press release and prepared remarks.

Autodesk uses non-GAAP financial measures (like non-GAAP net earnings and EPS) to supplement their GAAP results. These measures exclude certain items such as stock-based compensation, amortization of intangibles, goodwill impairment, and restructuring charges. Management believes these non-GAAP figures provide a clearer view of the company's earning potential and facilitate comparisons with historical results and competitors.

The key items excluded from Autodesk's non-GAAP financial measures include stock-based compensation expenses, amortization of purchased intangibles and in-process R&D, goodwill and intangible asset impairment, restructuring charges, the establishment of a valuation allowance on certain net deferred tax assets, and the related income tax effects.

No, investors should not rely solely on the non-GAAP financial measures. While useful for supplemental analysis and comparisons, these measures are not prepared according to GAAP and may differ from those used by other companies. They also exclude items that could materially impact financial results. Investors are encouraged to review both the GAAP and non-GAAP measures, as well as the explanations and limitations provided by the company.