8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (Nov 18, 2010)

Filed November 18, 2010For Securities:ADSK

Summary

Autodesk, Inc. (ADSK) filed an 8-K on November 18, 2010, to report its financial results for the third quarter ended October 31, 2010. The filing primarily furnished a press release and prepared remarks detailing these results. A significant focus of the disclosure is the company's use of non-GAAP financial measures, which management utilizes alongside GAAP results to provide a more comprehensive view of operational performance and earning potential. These non-GAAP figures exclude items such as stock-based compensation, amortization of purchased intangibles, goodwill impairment, restructuring charges, and certain tax-related adjustments, which Autodesk believes offer better insights for budgeting, planning, and forecasting. Investors should note that while Autodesk presents non-GAAP measures to facilitate comparisons and highlight operational trends, these measures are not prepared under GAAP and may differ from those used by other companies. The company emphasizes that these non-GAAP figures should be viewed in conjunction with, and not as a substitute for, their GAAP financial statements. The full details of the quarterly performance and the reconciliation of GAAP to non-GAAP measures are available within the furnished press release and prepared remarks.

Key Highlights

  • 1Autodesk reported its third-quarter financial results for the period ending October 31, 2010.
  • 2The 8-K filing includes a press release and prepared remarks detailing the company's financial performance.
  • 3The company utilizes and presents non-GAAP financial measures alongside GAAP results.
  • 4Non-GAAP measures are used internally by management for budgeting, planning, and forecasting.
  • 5Key exclusions from non-GAAP measures include stock-based compensation, amortization of purchased intangibles, goodwill impairment, and restructuring charges.
  • 6Autodesk explains the rationale behind excluding these items, citing their non-cash nature or variability and their impact on assessing ongoing operational performance.
  • 7The company stresses that non-GAAP measures are supplemental and should be considered alongside GAAP figures.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally report Autodesk's financial results for the third quarter ended October 31, 2010, by furnishing a press release and prepared remarks.

Autodesk provides non-GAAP financial measures to offer investors supplemental information that management uses to assess the company's earning potential, operational performance, and for internal budgeting, planning, and forecasting. They are intended to provide a clearer view of ongoing operational results by excluding certain non-cash or variable expenses.

Autodesk excludes several items from its non-GAAP measures, including stock-based compensation expenses, amortization of purchased intangibles, goodwill impairment, restructuring charges, and certain tax-related items like the establishment of valuation allowances and discrete tax items.

No, Autodesk explicitly states that non-GAAP financial measures are not prepared in accordance with GAAP and have limitations. Investors should view these non-GAAP measures in conjunction with, and not as a substitute for, the company's GAAP financial statements and results.