8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (May 19, 2010)

Filed May 19, 2010For Securities:ADSK

Summary

Autodesk, Inc. filed an 8-K on May 19, 2010, reporting its first-quarter financial results for the period ending April 30, 2010. The filing primarily serves to furnish the company's press release and prepared remarks detailing these results. Investors should note that Autodesk provides both GAAP and non-GAAP financial measures, with the non-GAAP figures excluding items such as stock-based compensation, amortization of purchased intangibles, goodwill impairment, restructuring charges, and certain tax effects. The company emphasizes that these non-GAAP measures are used internally for budgeting and resource allocation, offering a view of earning potential and facilitating comparisons with peers. Management believes these adjustments provide meaningful supplemental information for assessing operating performance and future outlook, though investors are cautioned to consider these non-GAAP measures alongside the official GAAP financial statements and to be aware of their limitations.

Key Highlights

  • 1Autodesk reported its first-quarter fiscal year 2011 financial results on May 19, 2010.
  • 2The 8-K filing includes a press release and prepared remarks detailing the company's performance for the quarter ended April 30, 2010.
  • 3The company provided both GAAP and non-GAAP financial results.
  • 4Non-GAAP measures exclude stock-based compensation expenses.
  • 5Amortization of purchased intangibles and goodwill impairment are also excluded from non-GAAP reporting.
  • 6Restructuring charges and certain income tax effects are likewise excluded from non-GAAP measures.
  • 7Autodesk management uses non-GAAP measures for internal decision-making, budgeting, and forecasting.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially report Autodesk's first-quarter fiscal year 2011 financial results, which were disclosed through a press release and prepared remarks furnished as exhibits.

Autodesk provides non-GAAP financial measures because management believes they offer meaningful supplemental information about the company's earning potential and facilitate comparisons with historical results and competitors. These measures are used internally for budgeting, planning, and forecasting.

Autodesk's non-GAAP financial measures exclude stock-based compensation expenses, amortization of purchased intangibles, goodwill impairment charges, restructuring charges, the establishment of a valuation allowance on certain net deferred tax assets, and the related income tax effects.

Investors are advised that non-GAAP measures are not prepared in accordance with GAAP and may differ from those used by other companies. They should be considered supplemental and viewed in conjunction with, rather than as a substitute for, GAAP financial measures. Investors should review the details provided in the press release and prepared remarks for a complete understanding.