8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (Nov 15, 2012)

Filed November 15, 2012For Securities:ADSK

Summary

Autodesk, Inc. (ADSK) filed an 8-K on November 15, 2012, primarily to furnish its earnings press release and prepared remarks for the third quarter ended October 31, 2012. This filing offers investors insights into the company's financial performance and operational strategies. The key takeaway from this report is Autodesk's use of non-GAAP financial measures. The company emphasizes that these non-GAAP figures, which exclude items such as stock-based compensation, amortization of intangibles, restructuring charges, and gains/losses on strategic investments, are used by management for internal decision-making and to provide a clearer view of the company's earning potential and facilitate comparisons. Investors are encouraged to review these measures alongside the official GAAP results.

Key Highlights

  • 1Autodesk reported its third quarter financial results for the period ending October 31, 2012.
  • 2The company furnished its earnings press release (Exhibit 99.1) and prepared remarks (Exhibit 99.2) as part of this 8-K filing.
  • 3Autodesk utilizes non-GAAP financial measures, including non-GAAP net earnings and non-GAAP diluted earnings per share, to supplement its GAAP reporting.
  • 4Non-GAAP measures exclude specific items deemed by management to provide supplemental information on earning potential and facilitate comparisons.
  • 5Excluded items from non-GAAP calculations include stock-based compensation expenses, amortization of purchased intangibles, restructuring charges, gains/losses on strategic investments, discrete tax items, and related tax effects.
  • 6Management uses these non-GAAP measures for internal budgeting, resource allocation, and operational decision-making.
  • 7The filing explicitly states that non-GAAP measures should be viewed in conjunction with, and not as a substitute for, GAAP financial measures.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially report and provide access to Autodesk's financial results for the third quarter ended October 31, 2012, through its press release and prepared remarks. It also details the company's use of non-GAAP financial measures.

Autodesk excludes several categories of expenses from its non-GAAP financial measures. These include stock-based compensation expenses, amortization of purchased intangibles and technology, restructuring charges, gains and losses on strategic investments, discrete tax items, and the income tax effects on the difference between GAAP and non-GAAP costs.

Autodesk's management uses non-GAAP measures because they believe these figures provide meaningful supplemental information regarding the company's earning potential. These measures are also used internally for budgeting and resource allocation and facilitate comparisons with historical results and competitors' guidance, as they exclude items that can fluctuate significantly or are not reflective of ongoing operations.

Investors should interpret the non-GAAP financial information as supplemental data that offers a different perspective on the company's performance. However, these measures are not prepared in accordance with GAAP and may differ from those of other companies. Autodesk emphasizes that non-GAAP measures should be analyzed in conjunction with, and not as a substitute for, the company's official GAAP financial measures.