8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (Aug 18, 2011)

Filed August 18, 2011For Securities:ADSK

Summary

Autodesk, Inc. (ADSK) filed an 8-K on August 18, 2011, to report its financial results for the second quarter ended July 31, 2011. The report primarily furnishes a press release and prepared remarks detailing these results, which are incorporated by reference. Investors should note that the company is providing both GAAP and non-GAAP financial measures. The company's management emphasizes its use of non-GAAP measures to offer supplemental insights into earnings potential, facilitating comparisons with historical results and competitors. These non-GAAP figures exclude items such as stock-based compensation, amortization of purchased intangibles, restructuring charges, and certain tax items. While management believes these measures aid in assessing ongoing operational performance and budgeting, investors are cautioned that non-GAAP measures have limitations and should be reviewed alongside the official GAAP financial statements.

Key Highlights

  • 1Autodesk reported its second quarter financial results for the period ending July 31, 2011, via an 8-K filing.
  • 2The filing includes a press release and prepared remarks, which are furnished as exhibits.
  • 3The company provided both GAAP and non-GAAP financial measures in its reporting.
  • 4Non-GAAP measures are utilized by management to assess ongoing operational performance and for budgeting.
  • 5Key exclusions from non-GAAP measures include stock-based compensation expenses and amortization of purchased intangibles.
  • 6Restructuring charges and discrete tax items are also excluded from non-GAAP calculations.
  • 7Investors are advised that non-GAAP measures are supplemental and have inherent limitations, and should be reviewed alongside GAAP results.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially report and furnish Autodesk's financial results for the second quarter ended July 31, 2011, through an accompanying press release and prepared remarks.

Autodesk provides non-GAAP measures to offer supplemental insights into its earning potential and operational performance, believing they facilitate better comparisons with historical results and competitors. These measures exclude certain non-cash expenses and other items management deems not reflective of ongoing operations. Investors should view these non-GAAP measures as complementary to, not a substitute for, the official GAAP financial results.

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

Autodesk acknowledges that non-GAAP measures are not prepared in accordance with GAAP, may differ from those used by other companies, and exclude items that could materially impact reported financial results. Investors are encouraged to review these measures in conjunction with GAAP results and the company's full financial disclosures.