(7) Effective in the second quarter of fiscal 2013, Autodesk began excluding gains and losses on strategic investments for purposes of its non-GAAP financial measures. Prior period non-GAAP interest and other income (expense), net, net income and earnings per share amounts have been revised to conform to the current period presentation.

Reconciliation for Fiscal 2013:
The following is a reconciliation of anticipated fiscal 2013 GAAP and non-GAAP operating margins:
		FISCAL 2013
Non-GAAP Revenue Guidance Range (in millions)		$2,275			$	2,305
GAAP operating margin basis point improvement over prior year		(375	)		(295		)
Stock-based compensation expense		205			195
Amortization of purchased intangibles		50			45
Restructuring charges		200			195
Non-GAAP operating margin basis point improvement over prior year		80			140

Reconciliation for Long Term Operating Margins:

Autodesk is not able to provide targets for our long term (ending with fiscal year 2015) GAAP operating margins at this time because of the difficulty of estimating certain items that are excluded from non-GAAP that affect operating margin, such as charges related to stock-based compensation expense and amortization of acquisition related intangibles, the effect of which may be significant.

 

 

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