8-K/AExhibits & Filings

Autodesk, Inc. 8-K/A Report, Exhibit Filing (Feb 28, 2019)

Filed February 28, 2019For Securities:ADSK

Summary

This 8-K/A filing from Autodesk, Inc. (ADSK) primarily serves to provide the necessary financial statements and pro forma information related to its acquisition of PlanGrid. Investors should note that the filing includes audited financial statements for PlanGrid for the fiscal year ended January 31, 2018, and unaudited condensed financial statements for the nine months ended October 31, 2018 and 2017. This information is crucial for understanding the financial impact of PlanGrid on Autodesk's consolidated results and for assessing the financial health and performance of the acquired entity prior to the transaction. The filing also incorporates pro forma financial information, offering a look at what Autodesk's financial position and performance might have looked like if the PlanGrid acquisition had occurred at an earlier date. This pro forma data is valuable for comparing historical trends and making more informed projections about the combined entity's future financial trajectory. The inclusion of these detailed financial exhibits is standard practice for material acquisitions and provides transparency into the deal's financial underpinnings.

Key Highlights

  • 1Filing amends previous 8-K to include detailed financial statements of acquired business, PlanGrid.
  • 2Provides audited consolidated financial statements of PlanGrid for the fiscal year ended January 31, 2018.
  • 3Includes unaudited condensed consolidated financial statements for PlanGrid for the nine months ended October 31, 2018 and 2017.
  • 4Contains unaudited pro forma condensed combined financial information as of October 31, 2018, and for the periods ended October 31, 2018, and January 31, 2018.
  • 5The financial information is incorporated by reference as exhibits, allowing investors to access detailed transaction-related data.
  • 6This filing is crucial for investors to assess the financial contribution and impact of the PlanGrid acquisition on Autodesk's overall financial performance.

Frequently Asked Questions

The main purpose of this 8-K/A filing is to provide the audited and unaudited financial statements of PlanGrid, the company acquired by Autodesk, along with pro forma financial information combining the two entities. This is a necessary step after a significant acquisition to give investors a clear financial picture.

The filing includes the audited consolidated financial statements of PlanGrid for the fiscal year ended January 31, 2018, and unaudited condensed consolidated financial statements for the nine-month periods ended October 31, 2018, and October 31, 2017.

Pro forma financial information presents hypothetical financial statements that show how the acquisition of PlanGrid might have affected Autodesk's financial results if the transaction had occurred at an earlier date. It's important for investors to understand the potential impact of the acquisition on the combined company's balance sheet and income statement, enabling better comparison and forecasting.

The financial statements and pro forma data are included as exhibits to this 8-K/A filing. Specifically, Exhibit 99.1 contains PlanGrid's audited financials, Exhibit 99.2 contains PlanGrid's unaudited condensed financials, and Exhibit 99.3 contains the pro forma condensed combined financial information.