8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (Feb 25, 2013)

Filed February 25, 2013For Securities:ADSK

Summary

Autodesk, Inc. (ADSK) filed an 8-K on February 25, 2013, to report its financial results for the fourth quarter and full fiscal year ended January 31, 2013. The filing primarily incorporates by reference a press release and prepared remarks that provide these results. Investors should note that Autodesk is presenting both GAAP and non-GAAP financial measures. The non-GAAP measures exclude items such as stock-based compensation, amortization of purchased intangibles, restructuring charges, gains/losses on strategic investments, and discrete tax items. Management uses these non-GAAP measures to provide a clearer view of the company's operational performance and for internal budgeting, believing they offer meaningful supplemental information about earning potential and facilitate comparisons with peers. While these non-GAAP figures aim to provide insights into ongoing operational performance by removing certain variable or non-cash expenses, investors are cautioned about their limitations. These measures are not prepared in accordance with GAAP and may differ from those of other companies. It is crucial for investors to review both GAAP and non-GAAP results, as the non-GAAP figures are intended to supplement, not replace, the standard GAAP financial reporting. The 8-K specifically points to Exhibits 99.1 and 99.2 for the detailed financial results and the reconciliation of GAAP to non-GAAP measures.

Key Highlights

  • 1Autodesk released Q4 and FY 2013 financial results on February 25, 2013, via an 8-K filing.
  • 2The filing incorporates by reference a press release (Exhibit 99.1) and prepared remarks (Exhibit 99.2) containing the financial results.
  • 3The company is reporting both GAAP and non-GAAP financial measures.
  • 4Non-GAAP measures exclude significant items including stock-based compensation, amortization of purchased intangibles, and restructuring charges.
  • 5Management utilizes non-GAAP measures to assess operational performance, aid in budgeting, and facilitate peer comparisons.
  • 6Investors are advised that non-GAAP measures have limitations and should be reviewed alongside GAAP results.
  • 7The 8-K is primarily informational, directing readers to the furnished press release and prepared remarks for detailed financial data.

Frequently Asked Questions

The main purpose of this 8-K filing is to report Autodesk's financial results for the fourth quarter and full fiscal year ended January 31, 2013. It incorporates by reference a press release and prepared remarks that contain these results and related commentary.

Autodesk provides non-GAAP financial measures to offer investors supplemental information about the company's earning potential and operational performance. Management uses these measures internally for budgeting and believes they help facilitate comparisons with historical results and competitors by excluding items like stock-based compensation, amortization of purchased intangibles, and restructuring charges.

Autodesk's non-GAAP financial measures typically exclude stock-based compensation expenses, amortization of purchased intangibles and purchases of 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.

The filing states 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 advised to review these measures in conjunction with, and not as a substitute for, GAAP financial measures.