8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (Nov 15, 2011)

Filed November 15, 2011For Securities:ADSK

Summary

Autodesk, Inc. (ADSK) filed an 8-K on November 15, 2011, to report its financial results for the third quarter ended October 31, 2011. The report primarily includes a press release and prepared remarks detailing these results. A key focus of the filing is the company's use of non-GAAP financial measures to supplement its GAAP reporting, providing insights into the company's operational performance as viewed by management. Investors should note that Autodesk utilizes non-GAAP figures, which exclude items such as stock-based compensation, amortization of purchased intangibles, restructuring charges, and discrete tax items. Management believes these non-GAAP measures offer a clearer view of earning potential and facilitate comparisons with historical results and competitors. While these measures are presented to aid understanding, investors are advised to consider them alongside the official GAAP financial statements and be aware of their limitations.

Key Highlights

  • 1Autodesk reported its third-quarter financial results for the period ending October 31, 2011.
  • 2The company furnished a press release and prepared remarks (Exhibits 99.1 and 99.2) detailing the financial results.
  • 3Autodesk utilizes and presents non-GAAP financial measures alongside GAAP results.
  • 4Key exclusions from non-GAAP measures include stock-based compensation, amortization of purchased intangibles, and restructuring charges.
  • 5Management uses non-GAAP measures for internal budgeting, resource allocation, and assessing earning potential.
  • 6The company states that non-GAAP measures facilitate comparisons with historical results and competitors.
  • 7Investors are reminded that non-GAAP measures have limitations and should be viewed in conjunction with GAAP financial statements.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report Autodesk's financial results for the third quarter ended October 31, 2011, through the furnishing of a press release and prepared remarks.

Autodesk uses non-GAAP financial measures to supplement its GAAP financial statements. Management believes these measures provide meaningful supplemental information about the company's earning potential, excluding certain non-cash expenses (like stock-based compensation) and acquisition-related costs (like amortization of intangibles), as well as restructuring charges and discrete tax items. They are used for internal decision-making and to facilitate comparisons with historical performance and competitors.

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

Investors should be aware that non-GAAP financial measures are not prepared in accordance with GAAP and may differ from those used by other companies. They are limited because they exclude certain items that could have a material impact on financial results. Investors should always review these non-GAAP measures in conjunction with Autodesk's official GAAP financial statements and refer to the disclosures provided in the press release and prepared remarks for a full understanding.