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About Autodesk
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© 2020 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 July 31, |
| Six Months Ended July 31, | ||||||||||||
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| 2020 |
| 2019 |
| 2020 |
| 2019 | ||||||||
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| (Unaudited) |
| (Unaudited) | ||||||||||||
Net revenue: |
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Subscription | $ | 841.2 |
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| $ | 663.7 |
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| $ | 1,644.2 |
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| $ | 1,259.5 |
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Maintenance | 51.2 |
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| 103.5 |
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| 113.3 |
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| 215.5 |
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Total subscription and maintenance revenue | 892.4 |
|
| 767.2 |
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| 1,757.5 |
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| 1,475.0 |
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Other | 20.7 |
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| 29.6 |
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| 41.3 |
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| 57.3 |
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Total net revenue | 913.1 |
|
| 796.8 |
|
| 1,798.8 |
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| 1,532.3 |
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Cost of revenue: |
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Cost of subscription and maintenance revenue | 58.5 |
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| 53.0 |
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| 115.9 |
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| 112.7 |
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Cost of other revenue | 15.0 |
|
| 17.9 |
|
| 32.1 |
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| 31.7 |
| ||||
| Amortization of developed technology | 7.4 |
|
| 8.6 |
|
| 14.8 |
|
| 17.8 |
| ||||
| Total cost of revenue | 80.9 |
|
| 79.5 |
|
| 162.8 |
|
| 162.2 |
| ||||
| Gross profit | 832.2 |
|
| 717.3 |
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| 1,636.0 |
|
| 1,370.1 |
| ||||
| Operating expenses: |
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| Marketing and sales | 350.9 |
|
| 316.8 |
|
| 692.2 |
|
| 630.1 |
| ||||
| Research and development | 232.5 |
|
| 215.4 |
|
| 449.9 |
|
| 421.0 |
| ||||
| General and administrative | 93.2 |
|
| 101.4 |
|
| 198.0 |
|
| 200.5 |
| ||||
| Amortization of purchased intangibles | 9.5 |
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| 9.7 |
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| 19.2 |
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| 19.5 |
| ||||
| Restructuring and other exit costs, net | — |
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| 0.2 |
|
| — |
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| 0.4 |
| ||||
| Total operating expenses | 686.1 |
|
| 643.5 |
|
| 1,359.3 |
|
| 1,271.5 |
| ||||
| Income from operations | 146.1 |
|
| 73.8 |
|
| 276.7 |
|
| 98.6 |
| ||||
| Interest and other expense, net | (17.1) |
|
| (7.3) |
|
| (57.2) |
|
| (23.5) |
| ||||
| Income before income taxes | 129.0 |
|
| 66.5 |
|
| 219.5 |
|
| 75.1 |
| ||||
| Provision for income taxes | (30.8) |
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| (26.3) |
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| (54.8) |
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| (59.1) |
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| Net income | $ | 98.2 |
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| $ | 40.2 |
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| $ | 164.7 |
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| $ | 16.0 |
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| Basic net income per share | $ | 0.45 |
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| $ | 0.18 |
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| $ | 0.75 |
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| $ | 0.07 |
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| Diluted net income per share | $ | 0.44 |
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| $ | 0.18 |
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| $ | 0.74 |
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| $ | 0.07 |
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| Weighted average shares used in computing basic net income per share | 219.2 |
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| 219.6 |
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| 219.2 |
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| 219.6 |
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| Weighted average shares used in computing diluted net income per share | 222.2 |
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| 222.4 |
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| 222.0 |
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| 222.3 |
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