8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (Aug 23, 2018)

Filed August 23, 2018For Securities:ADSK

Summary

Autodesk, Inc. (ADSK) filed an 8-K on August 23, 2018, to report its financial results for the second quarter ended July 31, 2018. The filing primarily includes a press release and prepared remarks that detail the company's performance. A significant portion of the filing is dedicated to explaining Autodesk's use of non-GAAP financial measures. The company utilizes these measures, which exclude items like stock-based compensation, amortization of intangibles, CEO transition costs, and acquisition-related expenses, to provide a clearer view of its core business operations and performance. Investors are encouraged to review these non-GAAP measures alongside the GAAP financials for a comprehensive understanding. The filing also serves to furnish the detailed financial results and management's commentary thereon.

Key Highlights

  • 1Autodesk reported its second-quarter 2018 financial results on August 23, 2018, via an 8-K filing.
  • 2The filing incorporates by reference a press release and prepared remarks detailing the Q2 2018 performance.
  • 3The company extensively explains its use of non-GAAP financial measures, highlighting their importance for internal decision-making and investor analysis.
  • 4Key exclusions for non-GAAP measures include stock-based compensation, amortization of intangibles, CEO transition costs, and acquisition-related expenses.
  • 5Autodesk believes non-GAAP measures offer greater transparency into core business operations and facilitate period-over-period comparisons.
  • 6Investors are advised to review the reconciliation between GAAP and non-GAAP measures provided in the furnished exhibits.
  • 7The filing signals management's focus on presenting core operational performance beyond GAAP reporting.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report Autodesk's financial results for the second quarter ended July 31, 2018, through an attached press release and prepared remarks. It also provides detailed explanations of the non-GAAP financial measures the company uses.

Autodesk uses non-GAAP financial measures to provide supplemental information that management believes offers a more meaningful view of the company's core business performance and earning potential. These measures exclude items that may not be indicative of ongoing operations, such as stock-based compensation, amortization of intangibles, and CEO transition costs, allowing for better period-over-period comparisons and analysis by investors.

Commonly excluded items from Autodesk's non-GAAP financial measures include stock-based compensation expenses, amortization of developed technologies and purchased intangibles, CEO transition costs, goodwill impairment, acquisition-related costs, restructuring and other exit costs, and gains/losses on strategic investments and dispositions.

The disclaimer states that the press release and prepared remarks furnished with this 8-K are not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor are they incorporated by reference into any other filings under securities laws, unless specifically referenced in such a filing. This means they are provided for informational purposes rather than being subject to the same liability as filed information.