ADSK SEC Filings

Autodesk, Inc. - 414 total filings

Showing 1–50 of 414 filings
8-K

Autodesk, Inc. 8-K Report, Corporate Update (Aug 3, 2026)

Aug 3, 2026

Autodesk, Inc. (ADSK) announced the successful completion of its previously disclosed acquisition of MaintainX Inc. on August 3, 2026. This strategic move, formalized by an Agreement and Plan of Merger dated May 28, 2026, signifies Autodesk's intent to expand its product portfolio and market reach within the software industry. While specific financial terms of the acquisition were not detailed in this 8-K filing, the closing of this deal is a significant event that investors should monitor for future integration and synergy realization. The acquisition of MaintainX, a company in a complementary sector, is expected to bolster Autodesk's offerings and potentially drive future revenue growth. Investors will be looking for subsequent filings and management commentary to understand the financial impact, including any potential impact on earnings per share, and the strategic rationale behind this integration. The filing confirms the completion of the transaction, which was a key development anticipated by the market.

8-K

Autodesk, Inc. 8-K Report, Corporate Update (Jul 13, 2026)

Jul 13, 2026

Autodesk, Inc. has announced the establishment of an unsecured commercial paper program with a maximum aggregate principal amount of $2.0 billion. This program allows the company to issue short-term debt notes with maturities up to 365 days to fund general corporate purposes, including partially financing the previously announced merger with Matterhorn Acquisition Corp. The commercial paper program is backed by the company's existing $2.0 billion unsecured revolving credit facility, providing a layer of financial flexibility. While no notes have been issued yet, this initiative suggests Autodesk is proactively managing its liquidity and financing strategy to support its growth initiatives and strategic acquisitions. Investors should monitor the company's utilization of this program and its impact on its debt structure and cash flow.

8-K

Autodesk, Inc. 8-K Report, Bylaw Amendment (Jun 18, 2026)

Jun 18, 2026

Autodesk, Inc. (ADSK) filed an 8-K on June 18, 2026, detailing key outcomes from its Annual Meeting of Stockholders held on June 17, 2026. The primary events include the approval of an amendment to the Certificate of Incorporation to implement officer exculpation, a measure permitted by Delaware law designed to protect corporate officers from certain liabilities. Additionally, the filing confirms the election of eleven individuals to the Board of Directors, with all nominees receiving substantial support from shareholders. The ratification of Ernst & Young LLP as the independent auditor and the advisory approval of executive compensation were also approved. Investors should note the overwhelming support for the director nominees, indicating confidence in the current leadership. The implementation of officer exculpation, while largely a procedural governance enhancement aligned with Delaware statutes, is presented as a measure approved by stockholders and described in detail in the company's proxy statement. The rejection of a specific stockholder proposal regarding amendment to special meeting rights suggests that the majority of voting power favored the current corporate governance framework.

8-K

Autodesk, Inc. 8-K Report, Material Agreement (Jun 15, 2026)

Jun 15, 2026

Autodesk, Inc. (ADSK) has filed an 8-K report on June 15, 2026, detailing significant updates to its credit facilities aimed at supporting its upcoming merger with MaintainX Inc. The company amended its existing revolving credit agreement, increasing the facility size from $1.5 billion to $2 billion. This amendment also introduces more favorable borrowing conditions specifically for funds used to close the MaintainX acquisition, enhancing funding certainty. Furthermore, Autodesk has entered into a new $1.0 billion, 364-day delayed draw term loan facility, also provided by Citibank. This term loan is exclusively for funding the MaintainX acquisition and will mature 364 days after the closing date. The report highlights the terms, interest rates (Base Rate or SOFR-based), and ticking fees associated with this new facility. These financing enhancements underscore Autodesk's commitment to the MaintainX acquisition and provide substantial liquidity to ensure its successful completion.

10-Q

Autodesk, Inc. Quarterly Report for Q1 Ended Apr 30, 2026

May 29, 2026

Autodesk, Inc. (ADSK) reported strong financial performance for the first quarter of fiscal year 2027, ending April 30, 2026. Total net revenue increased by 18% year-over-year to $1.93 billion, driven primarily by robust growth in subscription revenue. The company maintained a high recurring revenue percentage of 97%, indicating the stickiness of its subscription model. Diluted net income per share saw a significant jump to $2.32 from $0.70 in the prior year's comparable period, reflecting improved operational efficiency and top-line growth. Operationally, Autodesk demonstrated solid execution, with income from operations more than doubling to $541 million. While operating expenses saw a slight increase, this was primarily due to strategic investments in R&D and marketing, offset by a significant decrease in restructuring costs. The company also ended the quarter with a strong cash position and healthy operating cash flow of $893 million. A notable subsequent event is the definitive agreement to acquire MaintainX, Inc. for approximately $3.6 billion, signaling continued investment in expanding its platform and service offerings.

8-K

Autodesk, Inc. 8-K Report, Material Agreement (May 28, 2026)

May 28, 2026

Autodesk, Inc. (ADSK) announced on May 28, 2026, a material definitive agreement to acquire MaintainX Inc. for approximately $3.575 billion in cash and stock, subject to customary adjustments. This strategic acquisition is expected to enhance Autodesk's offerings, though specific details of MaintainX's business and the expected synergies are not elaborated upon in this 8-K filing. The transaction is structured as a merger of a wholly-owned subsidiary of Autodesk with and into MaintainX. Autodesk intends to finance this significant acquisition through a combination of existing cash on hand and new debt financing, including a 364-day term loan facility and potential increases to its revolving credit facility. The company may also explore refinancing options. The deal is subject to customary closing conditions, including antitrust approvals, with an expected closing date no earlier than August 3, 2026, and a long-stop date of November 28, 2026, with potential regulatory extensions. Investors should review the full Merger Agreement for detailed terms and conditions.

8-K

Autodesk, Inc. 8-K Report, Financial Results (May 28, 2026)

May 28, 2026

Autodesk, Inc. (ADSK) has filed an 8-K report on May 28, 2026, to announce its financial results for the first fiscal quarter ended April 30, 2026. The core of this filing is the furnished press release (Exhibit 99.1) which contains the company's performance data for the period. Investors should refer to this press release for detailed operational and financial condition insights. Additionally, the company highlighted its use of its investor relations website (investors.autodesk.com) for disclosing material non-public information and complying with Regulation FD, urging investors to monitor this channel for ongoing updates. While the 8-K itself doesn't contain specific financial figures, it serves as the official notification of the earnings release. The press release incorporated by reference is the primary source for understanding Autodesk's performance, including revenue, profitability, and any forward-looking guidance. Investors are advised to review Exhibit 99.1 to fully assess the company's financial health and strategic direction for the first quarter of fiscal year 2026.

8-K

Autodesk, Inc. 8-K Report, Executive Changes (Apr 24, 2026)

Apr 24, 2026

Autodesk, Inc. (ADSK) filed an 8-K on April 24, 2026, primarily announcing the upcoming retirement of a long-standing Board member, Stephen Milligan. Mr. Milligan has informed the Board of his intention not to seek re-election at the upcoming 2026 Annual Meeting of Stockholders. This transition marks a change in the Board's composition and governance structure. In conjunction with this announcement, Autodesk has nominated Omar Abbosh to join the Board of Directors at the Annual Meeting. Investors should view this as a routine leadership transition. The filing also includes the press release detailing these changes and confirming the attached exhibits. No immediate financial impacts or operational shifts are indicated by this specific 8-K filing.

10-K

Autodesk, Inc. Annual Report, Year Ended Jan 31, 2026

Mar 3, 2026

Autodesk, Inc. reported a strong fiscal year 2026, with total net revenue reaching $7.21 billion, an increase of 18% year-over-year, driven primarily by subscription revenue. The company continues its strategic shift towards a subscription-based model, with recurring revenue constituting 97% of total net revenue. Remaining Performance Obligations (RPO) grew by 20% to $8.30 billion, indicating a healthy pipeline of future revenue. Autodesk is also making progress on its platform capabilities, integrating AI and expanding its cloud offerings like Forma for Construction and Fusion. The company's financial performance has been robust, with significant growth in cash flow from operations, enabling substantial share repurchases. Autodesk's strategy focuses on customer workflow convergence through its design and make platform, leveraging automation, data, and insights. Key priorities include enhancing its platform, accelerating adoption of newer products like Fusion and Forma, and transforming customer experience. While the company faces competition and evolving technological landscapes, its investments in R&D and strategic acquisitions, such as Payapps in fiscal 2025, position it for continued growth. The company also highlighted its commitment to sustainability and impact programs, aligning with UN Sustainable Development Goals.

8-K

Autodesk, Inc. 8-K Report, Financial Results (Feb 26, 2026)

Feb 26, 2026

Autodesk, Inc. (ADSK) filed an 8-K on February 26, 2026, announcing its financial results for the fourth quarter and full fiscal year ended January 31, 2026. The filing primarily incorporates by reference the earnings press release (Exhibit 99.1), which provides detailed financial performance metrics and discusses the company's use of both GAAP and non-GAAP financial measures. Investors should note that the press release is furnished and not deemed "filed" for purposes of certain securities laws, meaning it may not be automatically incorporated into future filings unless specifically referenced. The company emphasizes key performance indicators such as billings, recurring revenue, net revenue retention rate (NR3), and subscriptions as crucial for understanding the long-term health of its recurring revenue business. Additionally, Autodesk provides an overview of its non-GAAP financial measures, explaining their exclusion of items like stock-based compensation, amortization of intangibles, restructuring costs, lease-related charges, acquisition costs, and gains/losses on strategic investments. These non-GAAP measures are presented to offer greater transparency and allow for more meaningful comparisons with peers and historical performance, aligning with how management evaluates the business.

8-K

Autodesk, Inc. 8-K Report, Exit or Disposal Costs (Jan 22, 2026)

Jan 22, 2026

Autodesk, Inc. has announced a significant restructuring plan, marking the final phase of its sales and marketing optimization. This plan involves a workforce reduction of approximately 7%, impacting about 1,000 employees, with a notable focus on customer-facing sales roles. The company expects to incur pre-tax restructuring charges between $135 million and $160 million, primarily for employee termination benefits, with the majority of these costs to be cash expenditures in fiscal year 2027. A portion of these charges, estimated between $90 million and $110 million, will be recognized in the fourth quarter of fiscal year 2026, with the remainder spread across fiscal year 2027. This restructuring is intended to drive further efficiencies and reallocate resources towards Autodesk's strategic priorities. In parallel, Autodesk anticipates its fourth quarter fiscal year 2026 financial performance, including billings, revenue, and non-GAAP earnings per share, to exceed previous guidance. The company explicitly states its intention to exclude the restructuring charges from its non-GAAP financial measures, providing investors with a clearer view of ongoing operational performance. The Plan's completion is projected by the end of fiscal year 2027, subject to regulatory and consultation requirements.

10-Q

Autodesk, Inc. Quarterly Report for Q3 Ended Oct 31, 2025

Nov 26, 2025

Autodesk, Inc. (ADSK) reported robust financial performance for the third quarter and the first nine months of fiscal year 2025, demonstrating significant growth in net revenue, driven primarily by its subscription offerings. Total net revenue increased by 18% year-over-year for the quarter and 17% for the nine-month period, reaching $1.85 billion and $5.25 billion, respectively. The company maintained a high percentage of recurring revenue at 97%, underscoring the stability and predictability of its business model. Profitability also saw substantial improvement, with income from operations increasing by 36% for the quarter and 16% for the nine-month period. Diluted earnings per share grew significantly, reflecting strong operational execution. Key financial indicators such as Remaining Performance Obligations (RPO) saw a healthy increase, indicating strong future revenue potential. The company also continued its commitment to returning value to shareholders through substantial share repurchases. Despite a dynamic economic environment, Autodesk's strategic focus on cloud, platform, and AI investments appears to be yielding positive financial results, positioning the company for continued growth.

8-K

Autodesk, Inc. 8-K Report, Financial Results (Nov 25, 2025)

Nov 25, 2025

Autodesk, Inc. (ADSK) has filed an 8-K report on November 25, 2025, announcing its financial results for the third fiscal quarter ended October 31, 2025. The report primarily includes a press release detailing these results and providing insights into the company's performance metrics and financial reporting methodologies. Autodesk emphasizes its use of key performance indicators such as billings, recurring revenue, and net revenue retention rate (NR3) to monitor business strength and long-term health, alongside traditional GAAP measures. The company also elaborates on its use of non-GAAP financial measures, including non-GAAP net earnings and diluted earnings per share. These measures are presented to offer a clearer view of core business operations by excluding items like stock-based compensation, amortization of intangibles, restructuring costs, acquisition-related expenses, and gains/losses on strategic investments. Autodesk highlights that these non-GAAP figures are intended to supplement, not replace, GAAP reporting and are used internally for decision-making and by institutional investors for analysis. Investors are encouraged to review the reconciliations between GAAP and non-GAAP measures provided in the accompanying press release.

10-Q

Autodesk, Inc. Quarterly Report for Q2 Ended Jul 31, 2025

Sep 2, 2025

Autodesk, Inc. reported strong financial results for the three and six months ended July 31, 2025. Total net revenue increased by 17% and 16% respectively, driven primarily by subscription revenue growth. The company continues its successful transition to a subscription-based model, with recurring revenue making up 98% and 97% of total net revenue for the respective periods. Profitability also saw improvement, with income from operations increasing significantly year-over-year, reflecting effective cost management and increased revenue. Key financial highlights include robust revenue growth across product families, particularly in Architecture, Engineering, Construction and Operations (AECO). The company also reported a healthy net revenue retention rate above 110% on a constant currency basis. Autodesk strengthened its financial position with a substantial increase in cash provided by operating activities and maintained a strong liquidity position. The company also announced the successful closure of SEC and USAO investigations, providing regulatory clarity. Shareholder returns were supported by ongoing stock repurchase programs.

8-K

Autodesk, Inc. 8-K Report, Financial Results (Aug 28, 2025)

Aug 28, 2025

Autodesk, Inc. (ADSK) has filed an 8-K report on August 28, 2025, to furnish a press release detailing its financial results for the second fiscal quarter ended July 31, 2025. The filing emphasizes key performance metrics such as billings, recurring revenue, and Net Revenue Retention Rate (NR3), which the company utilizes to assess the health and long-term trajectory of its subscription-based business model. These metrics are presented as supplementary to GAAP financial measures and are intended to offer a clearer view of operational performance. The report also highlights the use of non-GAAP financial measures, including non-GAAP net earnings and diluted earnings per share. Autodesk explains that these measures exclude items like stock-based compensation, amortization of intangibles, restructuring costs, acquisition-related expenses, and gains/losses on strategic investments, as well as certain tax adjustments. The company believes these non-GAAP figures provide valuable insights for investors by reflecting the core business's earning potential and facilitating comparisons across periods and with peers, while acknowledging the importance of reviewing GAAP figures and the provided reconciliations for a complete financial picture.

8-K

Autodesk, Inc. 8-K Report, Regulation FD Disclosure (Jul 14, 2025)

Jul 14, 2025

Autodesk, Inc. (ADSK) filed an 8-K on July 14, 2025, providing a business update focused on the company's strategic priorities and confidence in driving long-term shareholder value. The update reiterates a commitment to executing plans centered around cloud, platform, and artificial intelligence (AI) advancements. Autodesk also highlighted its ongoing efforts to optimize sales and marketing operations to enhance profit margins, alongside a disciplined capital allocation strategy. This includes prioritizing organic investments, pursuing strategic tuck-in acquisitions, and continuing its share repurchase program as free cash flow growth permits. While the filing does not introduce specific new financial figures, it serves to reinforce management's strategic direction and optimism. Investors should note that the company explicitly states this information is for disclosure purposes and not deemed 'filed' under Section 18 of the Exchange Act, meaning it carries no direct liability under that specific section. The filing also includes a comprehensive safe harbor statement detailing numerous risks and uncertainties that could impact future results, ranging from product adoption and global economic conditions to geopolitical tensions and technological changes, including those related to AI and its new transaction model.

8-K

Autodesk, Inc. 8-K Report, Executive Changes (Jun 20, 2025)

Jun 20, 2025

Autodesk, Inc. (ADSK) filed an 8-K on June 19, 2025, detailing key updates from its Annual Meeting of Stockholders held on June 18, 2025. The most significant disclosures include the formal appointment of Jeff Epstein and A. Christine Simons to the Audit Committee of the Board of Directors, both of whom have been designated as "audit committee financial experts." This strengthens the oversight capabilities of the Audit Committee, a crucial function for investor confidence. Furthermore, Autodesk's stockholders overwhelmingly approved the amendment and restatement of the 2022 Equity Incentive Plan. This plan is a critical component of the company's executive and employee compensation strategy, influencing talent retention and long-term performance. Investors should note that the details of this amended plan were previously outlined in the company's proxy statement filed on May 6, 2025. The filing also confirms the election of ten directors to the Board, all of whom received substantial shareholder support.

8-K

Autodesk, Inc. 8-K Report, Material Agreement (Jun 6, 2025)

Jun 6, 2025

Autodesk, Inc. (ADSK) announced on June 5, 2025, the successful completion of a public offering and sale of $500 million in aggregate principal amount of 5.300% Notes due 2035. The net proceeds from this offering are intended for general corporate purposes, which may include the repayment of existing indebtedness. This debt issuance is structured under an underwriting agreement with Citigroup Global Markets Inc., BofA Securities, Inc., and J.P. Morgan Securities LLC, acting as representatives for the underwriters. The issuance of these notes, governed by an indenture, introduces specific terms related to interest payments, potential repurchase obligations upon a change in control coupled with a credit rating downgrade, and redemption options for Autodesk. The indenture also includes customary covenants that place certain restrictions on Autodesk and its subsidiaries regarding the incurrence of liens, sale and lease-back transactions, and significant asset dispositions. Investors should note the defined events of default, which could lead to accelerated repayment of the principal amount.

10-Q

Autodesk, Inc. Quarterly Report for Q1 Ended Apr 30, 2025

May 29, 2025

Autodesk, Inc. reported its first-quarter fiscal year 2026 results, showing a 15% increase in total net revenue to $1.63 billion, driven primarily by subscription growth. While gross profit rose, income from operations saw a decrease due to a significant increase in operating expenses, notably a substantial rise in restructuring costs. The company generated strong operating cash flow of $564 million. Autodesk also highlighted a net revenue retention rate (NR3) slightly above 110% on a constant currency basis, indicating healthy customer retention and expansion. Despite revenue growth, net income and diluted EPS declined year-over-year, largely impacted by higher operating expenses, including substantial restructuring charges of $105 million recognized in the current quarter. The company's balance sheet remains solid with $2.30 billion in cash, cash equivalents, and marketable securities. Management pointed to continued investments in cloud, platform, and AI as strategic priorities, while also noting the transition to a new transaction model and annual billings, which impact billing and cash collection timing. Investors should monitor the impact of ongoing restructuring and investments in strategic growth areas.

8-K

Autodesk, Inc. 8-K Report, Financial Results (May 22, 2025)

May 22, 2025

Autodesk, Inc. (ADSK) filed an 8-K on May 22, 2025, to report its first fiscal quarter ended April 30, 2025, results. The filing primarily consists of a press release containing financial results and supplemental information regarding key performance metrics and non-GAAP financial measures. Investors should note the departure of Senior Vice President and Chief Accounting Officer Stephen W. Hope, with CFO Janesh Moorjani assuming the principal accounting officer role temporarily. The company also highlighted its use of metrics such as billings, recurring revenue, and Net Revenue Retention Rate (NR3) for internal monitoring and investor clarity on business health.

8-K

Autodesk, Inc. 8-K Report, Material Agreement (May 8, 2025)

May 8, 2025

Autodesk, Inc. (ADSK) has filed an 8-K report detailing the entry into a new $1.5 billion unsecured revolving credit facility, effective May 8, 2025. This new facility replaces their previous credit agreement and provides a significant source of liquidity for general corporate purposes and working capital. The agreement allows for potential increases up to $2.0 billion, demonstrating financial flexibility. The credit facility has a termination date of May 8, 2030, with options for extension, and its terms include interest rates based on the Base Rate or Term SOFR plus a margin, and quarterly facility fees. This move signals Autodesk's proactive approach to managing its liquidity and capital structure.

8-K

Autodesk, Inc. 8-K Report, Material Agreement (Apr 24, 2025)

Apr 24, 2025

Autodesk, Inc. (ADSK) has entered into a cooperation agreement with Starboard Value and Opportunity Master Fund Ltd, a significant shareholder. This agreement, dated April 23, 2025, resolves recent activist investor engagement and aims to bring stability to the board composition. Key terms include the immediate appointment of two new directors, Jeff Epstein and Anna Christine Simons, to the board, effective after the 2025 Annual Meeting on June 18, 2025. Starboard has agreed to withdraw its director nominations and support the company's slate of nominees and board recommendations for the upcoming annual meeting. The agreement also includes customary standstill provisions for Starboard and expense reimbursement for the activist investor.

8-K

Autodesk, Inc. 8-K Report, Executive Changes (Apr 2, 2025)

Apr 2, 2025

Autodesk, Inc. (ADSK) filed an 8-K on April 2, 2025, to announce a change in its Board of Directors. Specifically, Elizabeth “Betsy” Rafael has informed the Board of her intention not to stand for re-election at the upcoming 2025 Annual Meeting of Stockholders. This filing is primarily informational, detailing Ms. Rafael's decision to retire from the Board. While this is a change in governance, the filing does not indicate any immediate financial impact or operational disruption. Investors should note this transition as part of the regular board refreshment process and monitor future filings for any related appointments or strategic shifts stemming from this board change.

10-K

Autodesk, Inc. Annual Report, Year Ended Jan 31, 2025

Mar 6, 2025

Autodesk, Inc. (ADSK) for the fiscal year ending January 30, 2025, demonstrates robust revenue growth, with total net revenue increasing by 12% to $6.13 billion, driven primarily by a 12% rise in subscription revenue. The company continues its strategic shift towards recurring revenue, with subscriptions representing a significant portion of its income. Remaining Performance Obligations (RPO) saw a healthy 14% increase year-over-year, indicating strong future revenue potential. Autodesk's commitment to its business model transformation is evident in the ongoing transition to a new transaction model, aiming for more direct customer relationships and enhanced data insights. Recent acquisitions in fiscal 2025, including Payapps Limited, Aether Media, Inc., and the PIX business, aim to bolster its Construction Cloud offerings and artificial intelligence capabilities, respectively, reflecting a strategic focus on enhancing its product portfolio and market position. Despite the positive revenue trend and strategic progress, investors should be aware of ongoing legal proceedings, including investigations into the company's free cash flow and non-GAAP operating margin practices, which have led to securities class action lawsuits. While the company states these matters are not expected to have a material adverse impact, they represent a source of potential future uncertainty and expense. The company's continued investment in R&D, particularly in cloud, platform, and AI technologies, positions it for future growth, though it also carries the inherent risks of rapid technological evolution and market adoption.

8-K

Autodesk, Inc. 8-K Report, Financial Results (Feb 27, 2025)

Feb 27, 2025

Autodesk, Inc. (ADSK) filed an 8-K on February 27, 2025, announcing a significant restructuring plan (the "2026 Plan") effective immediately. This plan involves a reduction of approximately 9% of its global workforce, impacting around 1,350 employees. The company expects to incur pre-tax restructuring charges ranging from $135 million to $150 million, with a substantial portion being cash expenditures. The restructuring is slated for completion by the end of fiscal year 2026 and is aimed at optimizing the go-to-market organization while reallocating resources towards strategic priorities such as cloud, platform, and artificial intelligence investments. In addition to the restructuring, the filing also notes the retirement of a director, Mary T. McDowell, who will not stand for re-election at the upcoming annual meeting. Autodesk also reiterated its use of non-GAAP financial measures and key performance indicators like billings and recurring revenue to provide investors with a clearer view of the company's long-term business health, emphasizing that these metrics should be considered alongside GAAP results and are not replacements for them.

8-K

Autodesk, Inc. 8-K Report, Executive Changes (Jan 21, 2025)

Jan 21, 2025

Autodesk, Inc. (ADSK) filed an 8-K on January 20, 2025, primarily announcing two key updates. Firstly, John T. Cahill, who was previously appointed to the Board of Directors in December 2024, has now been appointed to the Audit Committee, effective January 18, 2025. The Board has also determined that Mr. Cahill qualifies as an "audit committee financial expert," which is a positive indication of enhanced financial oversight and governance expertise on the committee responsible for financial reporting and internal controls. Secondly, the company has set the date for its 2025 Annual Meeting of Stockholders for June 18, 2025. This date's proximity to prior year anniversaries has necessitated adjustments to the deadlines for stockholders wishing to submit proposals or nominate directors. Investors should note the revised submission windows for proxy access director nominees and other business items, with specific dates provided for proposals intended for inclusion in the proxy materials and those for other business or non-proxy access nominations.

8-K

Autodesk, Inc. 8-K Report, Executive Changes (Dec 18, 2024)

Dec 18, 2024

Autodesk, Inc. (ADSK) has announced significant changes to its Board of Directors. The company has expanded its Board by two members, appointing John T. Cahill and Ram Krishnan. These appointments are effective immediately and are intended to fill newly created vacancies. Both Mr. Cahill and Mr. Krishnan are being compensated as non-employee directors according to the company's standard policy, including Restricted Stock Unit awards. Furthermore, the filing notes the upcoming retirement of Director Lorrie Norrington, who will not seek re-election at the 2025 Annual Meeting of Stockholders. In a separate development, Elizabeth Rafael will transition from her current role to an Advisor position, assisting with the Chief Financial Officer's onboarding process through April 30, 2025. Ms. Rafael will continue to serve on the Board during this period. These changes suggest a strategic refreshment of the Board and a planned transition in key personnel.

10-Q

Autodesk, Inc. Quarterly Report for Q3 Ended Oct 31, 2024

Dec 3, 2024

Autodesk, Inc. reported solid financial results for the third quarter and first nine months of fiscal year 2024, ending October 31, 2024. Total net revenue saw a healthy increase of 11% for the quarter and 12% for the nine-month period, driven primarily by strong growth in subscription revenue, which constituted 97% of total revenue. This indicates the successful ongoing transition to a subscription-based business model. The company's operational performance remained robust, with income from operations showing an increase for both periods, reflecting effective cost management alongside revenue growth. Autodesk also demonstrated strong operational cash flow generation, up 4% for the nine-month period. While the company faces ongoing legal scrutiny regarding its free cash flow and non-GAAP operating margin practices, with related class-action lawsuits filed, management expresses confidence in the underlying business performance and its ability to navigate these challenges.

8-K

Autodesk, Inc. 8-K Report, Financial Results (Nov 26, 2024)

Nov 26, 2024

Autodesk, Inc. (ADSK) has filed an 8-K report detailing financial results for the third fiscal quarter ended October 31, 2024, and announcing a new Chief Financial Officer. The report emphasizes the company's use of key performance metrics such as billings, recurring revenue, and net revenue retention rate (NR3) to provide insight into the health of its recurring business, which are presented alongside GAAP results. Autodesk also clarifies its use of non-GAAP financial measures, outlining specific exclusions like stock-based compensation, amortization of intangibles, CEO transition costs, and other one-time charges to offer a view of core business operations. In addition to financial reporting, the filing announces the appointment of Janesh Moorjani as the new Chief Financial Officer, effective December 16, 2024. Mr. Moorjani, formerly CFO and COO of Elastic NV, brings significant financial and operational experience from previous roles at major tech companies. His compensation package includes a base salary, incentive plan eligibility, a substantial one-time bonus, and significant equity grants in restricted and performance stock units, reflecting the company's investment in experienced leadership. The company also highlighted that supplemental investor materials are available on its investor relations website.

10-Q

Autodesk, Inc. Quarterly Report for Q2 Ended Jul 31, 2024

Sep 3, 2024

Autodesk, Inc. (ADSK) reported strong financial results for the second quarter of fiscal year 2025, ending July 31, 2024. Total net revenue grew 12% year-over-year to $1.51 billion, driven primarily by an 11% increase in subscription revenue. This growth reflects the continued success of Autodesk's transition to a subscription-based model and the expansion of its cloud offerings. The company demonstrated solid profitability, with income from operations increasing to $343 million and diluted net income per share rising to $1.30. While deferred revenue saw a slight decrease quarter-over-quarter, remaining performance obligations (RPO) remained substantial at $5.86 billion, indicating a healthy pipeline of future recognized revenue. The company also continued its capital return program, repurchasing shares during the quarter. Investors will be keen to monitor the ongoing internal investigation into free cash flow and non-GAAP operating margin practices, though the company stated it cannot reasonably estimate the financial impact at this time.

8-K

Autodesk, Inc. 8-K Report, Financial Results (Aug 29, 2024)

Aug 29, 2024

Autodesk, Inc. (ADSK) filed an 8-K on August 29, 2024, to report its financial results for the second fiscal quarter ended July 31, 2024. The filing primarily serves as a notification that the company issued a press release containing these results. While the 8-K itself does not contain detailed financial figures, it incorporates the press release by reference, which is where investors will find the specific operational and financial performance data. The company emphasizes its use of key performance metrics such as billings, recurring revenue, and net revenue retention rate (NR3) to monitor business strength and long-term health. Additionally, Autodesk utilizes non-GAAP financial measures, excluding items like stock-based compensation, amortization, CEO transition costs, and acquisition-related expenses, to provide a clearer view of core business operations and comparability across periods and with peers. Investors are encouraged to review these non-GAAP measures alongside GAAP financials and a reconciliation provided in the press release.

8-K

Autodesk, Inc. 8-K Report, Bylaw Amendment (Jul 18, 2024)

Jul 18, 2024

Autodesk, Inc. (ADSK) filed an 8-K on July 17, 2024, detailing key corporate governance updates following its Annual Meeting of Stockholders held on July 16, 2024. The most significant development is the approval and filing of an Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws. These changes, effective July 16, 2024, permit stockholders holding 25% or more of the company's voting power to call special meetings, a notable shift in corporate governance that enhances shareholder rights. Additionally, the filing reports the election of eleven individuals to the Board of Directors, all of whom were approved by a substantial majority of votes. The company also secured stockholder approval for the ratification of Ernst & Young LLP as its independent registered public accounting firm for fiscal year 2025 and for the non-binding advisory vote on executive compensation. The outcome of the stockholder proposal to enable shareholders holding 15% of common stock to call special meetings was also disclosed, indicating a majority voted against it. These events reflect the company's ongoing efforts to align its governance structures with shareholder interests.

8-K

Autodesk, Inc. 8-K Report, Financial Results (Jun 11, 2024)

Jun 11, 2024

Autodesk, Inc. (ADSK) has filed an 8-K report on June 11, 2024, to furnish its earnings press release for the first fiscal quarter ended April 30, 2024. The filing primarily serves to inform investors about the company's financial results and key performance metrics. Autodesk highlights the use of metrics such as billings, recurring revenue, and Net Revenue Retention Rate (NR3) to provide insight into the strength and long-term health of its recurring business model. These metrics are presented alongside GAAP financials and are intended to offer a more comprehensive view for investors. The report also elaborates on Autodesk's use of non-GAAP financial measures, explaining the rationale behind excluding certain items like stock-based compensation, amortization of intangibles, CEO transition costs, goodwill impairment, restructuring costs, lease-related charges, acquisition costs, and gains/losses on strategic investments. The company emphasizes that these non-GAAP measures are used internally for operational decision-making and are provided to offer greater transparency to investors, enabling better comparison across periods and with industry peers. Investors are urged to review the full reconciliation of GAAP to non-GAAP measures provided in the furnished press release.

10-Q

Autodesk, Inc. Quarterly Report for Q1 Ended Apr 30, 2024

Jun 10, 2024

Autodesk, Inc. reported solid financial results for the three months ended April 30, 2024, with total net revenue increasing by 12% year-over-year to $1.42 billion. This growth was primarily driven by an 11% rise in subscription revenue, highlighting the company's successful transition to a subscription-based model. Gross profit also saw a significant increase of 12%, reaching $1.28 billion. Net income rose substantially to $252 million, or $1.16 per diluted share, compared to $161 million, or $0.75 per diluted share, in the prior year's comparable period. Operationally, the company continues to focus on its strategic priorities, including building its design and make platform and accelerating the adoption of key products like Fusion, Forma, and Flow. Investments in cloud offerings and the integration of recent acquisitions, such as Payapps and PIX, are expected to enhance Autodesk's construction and media & entertainment capabilities. Despite a slight decrease in deferred revenue and remaining performance obligations compared to the previous quarter, the overall financial health remains strong, supported by a healthy recurring revenue percentage of 97% and a positive outlook for continued growth. Investors should note the ongoing internal investigation into free cash flow and non-GAAP operating margin practices, which has led to a securities class action lawsuit, though the company is cooperating with authorities.

10-K

Autodesk, Inc. Annual Report, Year Ended Jan 31, 2024

Jun 10, 2024

Autodesk, Inc. (ADSK) has filed its Annual Report on Form 10-K for the fiscal year ending January 31, 2024. The company, a global leader in 3D design, engineering, and entertainment technology, reported total net revenue of $5.50 billion, an increase of 10% year-over-year, with recurring revenue comprising 98% of the total. This growth was primarily driven by an increase in subscription revenue. The company continues its strategic transition to a subscription-based business model, including the modernization of its go-to-market strategy and the introduction of new transaction models. Key product families like Architecture, Engineering, and Construction (AEC) and Manufacturing (MFG) showed strong revenue growth. Autodesk also highlighted its commitment to Environmental, Social, and Governance (ESG) initiatives, including progress on greenhouse gas reduction targets. The report also details significant legal proceedings, including an ongoing internal investigation regarding free cash flow and non-GAAP operating margin practices, which has led to SEC and USAO inquiries and a securities class action lawsuit. While the company is cooperating with these investigations, the potential financial impact remains uncertain. Autodesk repurchased approximately $795 million of its common stock in fiscal year 2024, continuing its practice of returning capital to stockholders.

8-K

Autodesk, Inc. 8-K Report, Financial Results (Jun 3, 2024)

Jun 3, 2024

Autodesk, Inc. filed an 8-K on June 3, 2024, primarily to furnish a press release detailing preliminary financial results for the first quarter ended April 30, 2024. The filing also announced significant executive leadership changes, including the transition of Deborah Clifford from CFO to Chief Strategy Officer and the appointment of Elizabeth Rafael as Interim CFO. Ms. Rafael, a seasoned executive with extensive financial and board experience, will receive a competitive compensation package including a salary and restricted stock units.

8-K

Autodesk, Inc. 8-K Report, Listing Notice (Apr 25, 2024)

Apr 25, 2024

Autodesk, Inc. (ADSK) has filed an 8-K report disclosing that it received a notice from Nasdaq on April 19, 2024, regarding its non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report on Form 10-K for the fiscal year ended January 31, 2024. The delay is attributed to an ongoing internal investigation, the subject of which remains the same as previously disclosed and is not believed to affect previously issued financial statements or the company's February 29, 2024 earnings release. The notice from Nasdaq does not have an immediate impact on the trading of ADSK's common stock. The company has 60 days from the notice date to submit a plan of compliance to Nasdaq and may be granted up to 180 days from the original Form 10-K due date (October 14, 2024) to regain compliance. Autodesk intends to regain compliance as soon as practicable.

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Autodesk, Inc. 8-K Report, Financial Results (Feb 29, 2024)

Feb 29, 2024

Autodesk, Inc. (ADSK) filed an 8-K on February 29, 2024, reporting its fourth quarter and full fiscal year 2024 results. The report primarily furnishes a press release detailing financial performance and key operating metrics. Autodesk emphasizes its use of non-GAAP financial measures to provide a clearer view of core business operations and long-term health, excluding items such as stock-based compensation, amortization, CEO transition costs, and acquisition-related expenses. These non-GAAP measures are intended to supplement GAAP results and aid investors in comparing performance across periods and with industry peers. The company also highlights its key performance metrics, including billings, recurring revenue, net revenue retention rate (NR3), and subscriptions, which are crucial for understanding the strength and long-term health of its subscription-based business model. Investors are encouraged to review both GAAP and non-GAAP figures, as well as the provided reconciliations, to gain a comprehensive understanding of Autodesk's financial standing and operational performance.

10-Q

Autodesk, Inc. Quarterly Report for Q3 Ended Oct 31, 2023

Dec 4, 2023

Autodesk, Inc. (ADSK) reported solid financial results for the third quarter of fiscal year 2024, ending October 31, 2023. Net revenue saw a healthy increase of 10% year-over-year, reaching $1.41 billion, driven primarily by a 11% rise in subscription revenue. This growth underscores the company's successful transition to a subscription-based model, with recurring revenue making up 98% of total net revenue. Profitability also improved, with income from operations increasing by 30% to $334 million. Diluted net income per share rose to $1.12, a significant improvement from the prior year's $0.91. The company maintained a strong balance sheet, with cash, cash equivalents, and marketable securities totaling $2.17 billion, providing ample liquidity. While the company faces ongoing macroeconomic challenges and a shifting distribution landscape, the consistent revenue growth and improved profitability indicate resilience and effective strategic execution.

8-K

Autodesk, Inc. 8-K Report, Financial Results (Nov 21, 2023)

Nov 21, 2023

Autodesk, Inc. filed an 8-K on November 21, 2023, to furnish a press release detailing its financial results for the third fiscal quarter ended October 31, 2023. The report highlights the company's use of key performance metrics such as billings, recurring revenue, and net revenue retention rate (NR3) to monitor business strength. Autodesk also provides non-GAAP financial measures, explaining their purpose in offering greater transparency into management's decision-making and enabling better period-over-period comparisons. These non-GAAP measures exclude items like stock-based compensation, amortization, CEO transition costs, goodwill impairment, restructuring costs, lease-related charges, acquisition-related costs, and gains/losses on strategic investments to better reflect core business operations. Investors are encouraged to review these non-GAAP measures alongside GAAP results, as they are intended to supplement, not replace, GAAP reporting. The company also notes that supplemental investor materials were posted on its investor relations website, reinforcing the importance of monitoring this channel for material non-public information. The filing itself does not constitute a formal SEC filing for Section 18 purposes but serves to incorporate the press release's information by reference.

10-Q

Autodesk, Inc. Quarterly Report for Q2 Ended Jul 31, 2023

Aug 29, 2023

Autodesk, Inc. (ADSK) reported solid financial results for the second quarter of fiscal year 2024, with total net revenue increasing by 9% year-over-year to $1.345 billion. This growth was primarily driven by a strong performance in subscription revenue, which rose by 9% to $1.270 billion, underscoring the company's successful transition to a subscription-based model. Net income also saw a significant increase of 19% to $222 million, translating to diluted EPS of $1.03. The company demonstrated robust operational efficiency, with income from operations increasing by 8% to $262 million. Key financial strengths highlighted include consistent recurring revenue at 98% of net revenue, demonstrating customer stickiness and the recurring nature of Autodesk's business. Remaining Performance Obligations (RPO) stood at $5.22 billion, indicating a strong future revenue pipeline, with $3.51 billion expected to be recognized within the next 12 months. The company also maintained a healthy cash flow from operations, increasing by 24% to $858 million for the first six months of the year, and continued to return capital to shareholders through share repurchases totaling $621 million in the first six months. While the company faces macroeconomic headwinds and currency fluctuations, the consistent revenue growth, strong recurring revenue base, and solid cash generation provide a positive outlook.

8-K

Autodesk, Inc. 8-K Report, Financial Results (Aug 23, 2023)

Aug 23, 2023

Autodesk, Inc. (ADSK) filed an 8-K on August 23, 2023, primarily to furnish a press release detailing its second fiscal quarter 2023 financial results. The filing highlights Autodesk's use of key performance metrics like billings, recurring revenue, and Net Revenue Retention Rate (NR3) to assess the health of its subscription-based business model. These metrics, along with non-GAAP financial measures, are presented to provide investors with a clearer understanding of the company's core operating performance, complementing GAAP reporting. The company emphasizes the importance of these supplemental metrics for evaluating long-term business health and for making period-over-period comparisons. Autodesk also outlines the specific items it excludes from its non-GAAP reporting, such as stock-based compensation, amortization of acquired intangibles, CEO transition costs, and other non-recurring charges, to better reflect ongoing operational results. Investors are encouraged to review the detailed reconciliations between GAAP and non-GAAP measures provided in the furnished press release.

8-K

Autodesk, Inc. 8-K Report, Shareholder Vote Results (Jun 22, 2023)

Jun 22, 2023

This 8-K filing from Autodesk, Inc. reports on the outcomes of its 2023 Annual Meeting of Stockholders held on June 21, 2023. The primary focus of the filing is the election of eleven individuals to the Board of Directors, all of whom were elected for the ensuing year. Additionally, the filing confirms the ratification of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2024. Investors can take comfort in the strong support shown for the Board's director nominees and the ratification of the auditor. The non-binding advisory votes on executive compensation and the frequency of such votes also passed with significant majority support. The company's decision to continue with an annual advisory vote on executive compensation was reaffirmed.

10-Q

Autodesk, Inc. Quarterly Report for Q1 Ended Apr 30, 2023

Jun 1, 2023

Autodesk, Inc. (ADSK) reported solid financial results for the first quarter of fiscal year 2024, ending April 30, 2023. The company demonstrated year-over-year revenue growth of 8%, reaching $1,269 million, driven primarily by a 10% increase in subscription revenue. This highlights the continued success of Autodesk's transition to a subscription-based model, with recurring revenue constituting 98% of total net revenue. While gross profit increased to $1,142 million, operating expenses also saw an increase, resulting in a slight dip in operating margin. However, strong operational cash flow generation of $723 million indicates robust business health. The company actively managed its capital through significant share repurchases totaling $534 million. Investors should note the slight decrease in deferred revenue and remaining performance obligations compared to the previous quarter, which warrants monitoring, though the company remains optimistic about future growth prospects in its key market segments.

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Autodesk, Inc. 8-K Report, Financial Results (May 25, 2023)

May 25, 2023

Autodesk, Inc. (ADSK) filed an 8-K on May 25, 2023, to furnish a press release detailing its first fiscal quarter results for the period ending April 30, 2023. While the 8-K itself does not contain the specific financial figures, it directs investors to Exhibit 99.1, a press release that provides these details. The filing also reiterates Autodesk's focus on key performance metrics such as billings, recurring revenue, and Net Revenue Retention Rate (NR3), which are considered crucial for understanding the long-term health of its subscription-based business model. Autodesk emphasizes its use of non-GAAP financial measures, explaining that these are provided to offer investors additional insights into the company's core operating performance by excluding certain items like stock-based compensation, amortization, CEO transition costs, and acquisition-related expenses. Investors are encouraged to review these non-GAAP measures alongside GAAP results and consult the reconciliation provided in the furnished press release. The company also highlighted that supplemental investor materials are available on its investor relations website, which it uses for disclosing material non-public information and complying with Regulation FD. This 8-K serves as a notification of the release of its quarterly financial results and the accompanying explanatory materials.

10-K

Autodesk, Inc. Annual Report, Year Ended Jan 31, 2023

Mar 14, 2023

Autodesk, Inc.'s 10-K filing for the fiscal year ended January 31, 2023, highlights a robust year characterized by continued revenue growth and a strong transition to a subscription-based business model. The company reported a 14% increase in total net revenue, reaching $5.01 billion, driven primarily by a 15% rise in subscription revenue. Recurring revenue represented a significant 98% of total net revenue, underscoring the company's successful shift to a predictable revenue stream. Key financial metrics such as deferred revenue and remaining performance obligations (RPO) showed healthy increases, up 21% and 19% respectively, indicating strong future revenue visibility. Autodesk also demonstrated solid cash flow generation, with operating cash flow increasing to $2.07 billion. The company continued its commitment to returning capital to shareholders through share repurchases totaling $1.08 billion and maintained a strong liquidity position with $2.17 billion in cash, cash equivalents, and marketable securities. Despite macroeconomic uncertainties and geopolitical risks, Autodesk's strategic focus on customer experience, digital transformation, and platform leadership positions it well for sustained growth.

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Autodesk, Inc. 8-K Report, Financial Results (Feb 23, 2023)

Feb 23, 2023

Autodesk, Inc. (ADSK) filed an 8-K on February 23, 2023, to report its financial results for the fourth quarter ended January 31, 2023. The filing primarily furnished an earnings press release (Exhibit 99.1) which details the company's performance and outlook. Investors should note that Autodesk utilizes several key performance metrics, including billings, recurring revenue, net revenue retention rate (NR3), and subscriptions, to assess the health and long-term prospects of its recurring business. The company also provides non-GAAP financial measures, such as non-GAAP operating margin and diluted net income per share, which exclude items like stock-based compensation, amortization of intangibles, CEO transition costs, goodwill impairment, restructuring charges, lease-related impairments, acquisition costs, and gains/losses on strategic investments. Autodesk emphasizes that these non-GAAP measures are supplemental and should be considered alongside GAAP results, urging investors to review the provided reconciliations.

8-K

Autodesk, Inc. 8-K Report, Bylaw Amendment (Dec 15, 2022)

Dec 15, 2022

Autodesk, Inc. (ADSK) filed an 8-K on December 15, 2022, disclosing two key events. Firstly, the company's Board of Directors amended and restated the company's Bylaws, effective immediately. These updates primarily address procedural changes for director nominations and business proposals at stockholder meetings, aligning with new SEC universal proxy rules. The revised bylaws also clarify provisions related to stockholder meetings, including the Board's ability to cancel or postpone meetings, and update exclusive forum provisions and indemnification terms. Secondly, Autodesk announced the full repayment of its $350.0 million aggregate principal amount of outstanding 3.6% Notes due 2022. This repayment satisfied and discharged the associated Indenture as of the payment date.

10-Q

Autodesk, Inc. Quarterly Report for Q3 Ended Oct 31, 2022

Dec 6, 2022

Autodesk, Inc. reported a solid third quarter for fiscal year 2023, with total net revenue increasing by 14% year-over-year to $1.28 billion. This growth was primarily driven by a 14% increase in subscription revenue, highlighting the continued success of their transition to a subscription-based model. Gross profit also saw a healthy increase of 14% to $1.16 billion, demonstrating strong operational efficiency. Profitability metrics showed positive momentum, with income from operations rising 33% to $256 million and net income increasing by 44% to $198 million. Diluted earnings per share grew to $0.91, up from $0.62 in the prior year's comparable quarter. The company maintained a high recurring revenue percentage at 98%, underscoring the stability and predictability of its revenue streams. Autodesk also continued its share repurchase program, demonstrating a commitment to returning value to shareholders. The balance sheet remains strong with $1.665 billion in cash and cash equivalents.

8-K

Autodesk, Inc. 8-K Report, Financial Results (Nov 22, 2022)

Nov 22, 2022

This 8-K filing from Autodesk, Inc. (ADSK) on November 22, 2022, primarily serves to furnish a press release detailing the company's financial results for the third fiscal quarter ended October 31, 2022. While specific financial figures are not detailed within the 8-K itself, the filing emphasizes Autodesk's use of key performance metrics such as billings, recurring revenue, and Net Revenue Retention Rate (NR3) to assess the health of its recurring business. These metrics are presented as supplemental information to GAAP results and are intended to provide investors with a clearer view of the company's long-term business strength. The report also extensively outlines Autodesk's use of non-GAAP financial measures. The company details numerous adjustments made to GAAP figures, including the exclusion of stock-based compensation, amortization of developed technologies and purchased intangibles, CEO transition costs, goodwill impairment, restructuring costs, lease-related charges, acquisition-related costs, gains/losses on strategic investments, discrete tax provisions, and valuation allowances on deferred tax assets. Autodesk explains that these non-GAAP measures are used internally for operational decision-making and budgeting, and are provided to investors to enhance transparency and comparability with historical results and peer companies.