8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (Feb 26, 2015)

Filed February 26, 2015For Securities:ADSK

Summary

Autodesk, Inc. (ADSK) filed an 8-K on February 26, 2015, to report its financial results for the fourth quarter and fiscal year ended January 31, 2015. The filing primarily includes a press release and prepared remarks that detail these results. A key focus of the disclosure is the company's use of non-GAAP financial measures, which Autodesk employs to provide a clearer picture of its core business performance and operational effectiveness. Autodesk emphasizes that these non-GAAP measures, including non-GAAP net earnings and earnings per diluted share, are used internally for budgeting and performance evaluation, and they believe these metrics are valuable for investors. The company outlines specific exclusions from GAAP, such as stock-based compensation, amortization of intangibles, goodwill impairment, restructuring charges, gains/losses on strategic investments, and certain tax-related items. These exclusions are intended to offer greater transparency and allow for better comparison with peers by removing items that may not reflect ongoing operational results.

Key Highlights

  • 1Autodesk reported its Q4 and full fiscal year 2015 financial results on February 26, 2015.
  • 2The 8-K filing includes a press release and prepared remarks containing the financial results.
  • 3The company provided both GAAP and non-GAAP financial measures to investors.
  • 4Autodesk uses non-GAAP measures to assess core business performance and operational decision-making.
  • 5Key exclusions from non-GAAP measures include stock-based compensation, amortization of intangibles, goodwill impairment, and restructuring charges.
  • 6The company believes non-GAAP measures offer greater transparency and allow for meaningful comparisons with peers.
  • 7Investors are encouraged to review GAAP measures and reconciliations provided by the company.

Frequently Asked Questions

This 8-K filing covers the financial results for Autodesk's fourth quarter and the full fiscal year ended January 31, 2015.

Autodesk provides non-GAAP financial measures to offer investors supplemental insights into the company's core business performance. They are used internally for budgeting and resource allocation and are believed to provide a clearer view of operational results by excluding items that may not be indicative of ongoing business, such as stock-based compensation, amortization of intangibles, and restructuring charges.

Autodesk typically excludes items such as stock-based compensation expenses, amortization of developed technologies and purchased intangibles, goodwill impairment, restructuring charges, gains/losses on strategic investments, establishment of a valuation allowance on certain net deferred tax assets, discrete tax items, and the income tax effects on the difference between GAAP and non-GAAP costs and expenses.

No, Autodesk explicitly states that non-GAAP financial measures are not a substitute for GAAP measures and have limitations. They urge investors to review the reconciliations of non-GAAP to GAAP financial measures and to consider all financial information provided, not to rely on any single measure to evaluate the business.