8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (May 19, 2011)

Filed May 19, 2011For Securities:ADSK

Summary

This 8-K filing from Autodesk, Inc. (ADSK) on May 19, 2011, primarily announces the company's first-quarter financial results for the period ending April 30, 2011. The report refers to a press release and prepared remarks (furnished as exhibits) that detail these results. A significant portion of the filing is dedicated to explaining Autodesk's use of non-GAAP financial measures. These measures, which exclude items like stock-based compensation, amortization of intangibles, and restructuring charges, are presented to provide supplemental insights into the company's earning potential and facilitate comparisons with historical results and competitors' performance. Management emphasizes that these non-GAAP figures are used internally for budgeting and decision-making and are intended to complement, not replace, GAAP financial reporting.

Key Highlights

  • 1Autodesk reported its first-quarter financial results for the period ending April 30, 2011, via an accompanying press release and prepared remarks.
  • 2The company utilizes non-GAAP financial measures, including non-GAAP net earnings and non-GAAP earnings per diluted share, to supplement its GAAP reporting.
  • 3Key exclusions from Autodesk's non-GAAP measures include stock-based compensation expenses, amortization of purchased intangibles, and restructuring charges.
  • 4Management uses these non-GAAP measures to aid in budgeting, planning, and forecasting, believing they offer meaningful insights into earning potential.
  • 5The non-GAAP measures are intended to facilitate comparisons with historical results and those of competitors.
  • 6Autodesk acknowledges the limitations of non-GAAP measures, stating they are not prepared in accordance with GAAP and may differ from those used by other companies.
  • 7Investors are advised to review the GAAP financial measures alongside the non-GAAP information and refer to the press release and prepared remarks for details.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce and furnish Autodesk's financial results for the first quarter ended April 30, 2011, as detailed in an accompanying press release and prepared remarks.

Autodesk provides non-GAAP financial measures to offer investors supplemental insights into the company's earning potential. Management uses these measures internally for budgeting and resource allocation, as they believe they provide a clearer view of ongoing operational performance by excluding certain non-cash or non-recurring items.

Autodesk's non-GAAP measures exclude stock-based compensation expenses, amortization of purchased intangibles and technology, restructuring charges, discrete tax items, and the income tax effects related to the difference between GAAP and non-GAAP costs.

Autodesk acknowledges that non-GAAP measures are not prepared in accordance with Generally Accepted Accounting Principles (GAAP) and may differ from measures used by other companies. They also note that these measures exclude certain items that could materially impact reported financial results, emphasizing the importance of reviewing them in conjunction with GAAP measures.