Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's reports on Form 10-K and Form 10-Q, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
About Autodesk
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© 2019 Autodesk, Inc. All rights reserved.
Autodesk, Inc. | |||||||||||||||
Condensed Consolidated Statements of Operations | |||||||||||||||
(In millions, except per share data) | |||||||||||||||
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| Three Months Ended October 31, |
| Nine Months Ended October 31, | ||||||||||||
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| 2019 |
| 2018 |
| 2019 |
| 2018 | ||||||||
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| (Unaudited) | ||||||||||||||
Net revenue: |
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Subscription | $ | 715.0 |
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| $ | 481.3 |
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| $ | 1,974.5 |
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| $ | 1,252.3 |
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Maintenance | 91.2 |
|
| 150.1 |
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| 306.7 |
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| 497.7 |
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Total subscription and maintenance revenue | 806.2 |
|
| 631.4 |
|
| 2,281.2 |
|
| 1,750.0 |
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Other | 36.5 |
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| 29.5 |
|
| 93.8 |
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| 82.5 |
| ||||
Total net revenue | 842.7 |
|
| 660.9 |
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| 2,375.0 |
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| 1,832.5 |
| ||||
Cost of revenue: |
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Cost of subscription and maintenance revenue | 54.2 |
|
| 54.8 |
|
| 166.9 |
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| 159.3 |
| ||||
Cost of other revenue | 16.9 |
|
| 13.9 |
|
| 48.6 |
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| 39.0 |
| ||||
Amortization of developed technology | 8.4 |
|
| 3.6 |
|
| 26.2 |
|
| 10.6 |
| ||||
Total cost of revenue | 79.5 |
|
| 72.3 |
|
| 241.7 |
|
| 208.9 |
| ||||
| Gross profit | 763.2 |
|
| 588.6 |
|
| 2,133.3 |
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| 1,623.6 |
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| Operating expenses: |
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| Marketing and sales | 330.7 |
|
| 297.6 |
|
| 960.8 |
|
| 863.1 |
| ||||
| Research and development | 213.0 |
|
| 181.0 |
|
| 634.0 |
|
| 534.6 |
| ||||
| General and administrative | 99.1 |
|
| 87.4 |
|
| 299.6 |
|
| 239.4 |
| ||||
| Amortization of purchased intangibles | 9.7 |
|
| 4.2 |
|
| 29.2 |
|
| 11.8 |
| ||||
| Restructuring and other exit costs, net | 0.1 |
|
| 3.7 |
|
| 0.5 |
|
| 40.0 |
| ||||
| Total operating expenses | 652.6 |
|
| 573.9 |
|
| 1,924.1 |
|
| 1,688.9 |
| ||||
| Income (loss) from operations | 110.6 |
|
| 14.7 |
|
| 209.2 |
|
| (65.3) |
| ||||
| Interest and other expense, net | (14.2) |
|
| (3.2) |
|
| (37.7) |
|
| (10.4) |
| ||||
| Income (loss) before income taxes | 96.4 |
|
| 11.5 |
|
| 171.5 |
|
| (75.7) |
| ||||
| Provision for income taxes | (29.7) |
|
| (35.2) |
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| (88.8) |
|
| (69.8) |
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| Net income (loss) | $ | 66.7 |
|
| $ | (23.7) |
|
| $ | 82.7 |
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| $ | (145.5) |
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| Basic net income (loss) per share | $ | 0.30 |
|
| $ | (0.11) |
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| $ | 0.38 |
|
| $ | (0.67) |
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| Diluted net income (loss) per share | $ | 0.30 |
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| $ | (0.11) |
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| $ | 0.37 |
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| $ | (0.67) |
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| Weighted average shares used in computing basic net income (loss) per share | 219.7 |
|
| 218.9 |
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| 219.6 |
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| 218.7 |
| ||||
| Weighted average shares used in computing diluted net income (loss) per share | 221.9 |
|
| 218.9 |
|
| 222.1 |
|
| 218.7 |
| ||||
