10-Q Filing

AUTODESK, INC. CIK: 769397 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000769397-18-000024`
Period End Date	20180430
Filing Date	20180608
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	adsk-4302018x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 38 Cash Flow Statement 56 Comprehensive Income 22

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.08B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.21B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.09B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.34B	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$199.90M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$245.20M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$438.20M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$206.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$198.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$116.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.70B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.88B	USD	Point-in-time
Marketable securities	`MarketableSecuritiesNoncurrent`	$171.50M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesNoncurrent`	$190.80M	USD	Point-in-time
Computer equipment, software, furniture and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$145.00M	USD	Point-in-time
Computer equipment, software, furniture and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$158.20M	USD	Point-in-time
Developed technologies, net	`IntangibleAssetsNetExcludingGoodwill`	$27.10M	USD	Point-in-time
Developed technologies, net	`IntangibleAssetsNetExcludingGoodwill`	$23.10M	USD	Point-in-time
Goodwill	`Goodwill`	$1.60B	USD	Point-in-time
Goodwill	`Goodwill`	$1.62B	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxAssetsNet`	$67.00M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxAssetsNet`	$81.70M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$188.70M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$170.90M	USD	Point-in-time
Total assets	`Assets`	$4.11B	USD	Point-in-time
Total assets	`Assets`	$3.91B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$94.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$103.50M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$127.50M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$250.90M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$28.00M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$24.60M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.47B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.55B	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$198.00M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$127.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.12B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.85B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$337.20M	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$403.50M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$41.70M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$41.60M	USD	Point-in-time
Long-term deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$66.60M	USD	Point-in-time
Long-term deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$84.80M	USD	Point-in-time
Long-term notes payable, net	`LongTermNotesPayable`	$1.59B	USD	Point-in-time
Long-term notes payable, net	`LongTermNotesPayable`	$1.59B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$148.70M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$137.10M	USD	Point-in-time
Common stock and additional paid-in capital	`CommonStocksIncludingAdditionalPaidInCapital`	$1.95B	USD	Point-in-time
Common stock and additional paid-in capital	`CommonStocksIncludingAdditionalPaidInCapital`	$2.00B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-133.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-123.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.08B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.00B	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-128.60M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-256.00M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.91B	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$4.11B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Total net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$485.70M	USD	1 Quarter
Total net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$559.90M	USD	1 Quarter
Amortization of developed technology	`CostOfGoodsSoldAmortization`	$4.70M	USD	1 Quarter
Amortization of developed technology	`CostOfGoodsSoldAmortization`	$3.60M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$78.20M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$66.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$493.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$407.50M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$276.40M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$255.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$187.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$172.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$78.30M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$72.90M	USD	1 Quarter
Amortization of purchased intangibles	`AmortizationOfIntangibleAssets`	$3.80M	USD	1 Quarter
Amortization of purchased intangibles	`AmortizationOfIntangibleAssets`	$5.70M	USD	1 Quarter
Restructuring and other facility exit costs, net	`RestructuringChargesNetofAdjustments`	$-300.00K	USD	1 Quarter
Restructuring and other facility exit costs, net	`RestructuringChargesNetofAdjustments`	$22.50M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$527.10M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$548.40M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-55.30M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-119.60M	USD	1 Quarter
Interest and other expense, net	`InterestIncomeExpenseNet`	$-1.80M	USD	1 Quarter
Interest and other expense, net	`InterestIncomeExpenseNet`	$-8.50M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-121.40M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-63.80M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-129.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-82.40M	USD	1 Quarter
Basic net loss per share (in usd per share)	`EarningsPerShareBasic`	$-0.59	USD	1 Quarter
Basic net loss per share (in usd per share)	`EarningsPerShareBasic`	$-0.38	USD	1 Quarter
Diluted net loss per share (in usd per share)	`EarningsPerShareDiluted`	$-0.59	USD	1 Quarter
Diluted net loss per share (in usd per share)	`EarningsPerShareDiluted`	$-0.38	USD	1 Quarter
Weighted average shares used in computing basic net loss per share (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	218.60M	shares	1 Quarter
Weighted average shares used in computing basic net loss per share (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	219.90M	shares	1 Quarter
Weighted average shares used in computing diluted net loss per share (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	218.60M	shares	1 Quarter
Weighted average shares used in computing diluted net loss per share (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	219.90M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-129.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-82.40M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAndAmortization`	$28.40M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAndAmortization`	$24.10M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$66.80M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$54.40M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-13.30M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$400.00K	USD	1 Quarter
Restructuring and other facility exit costs, net	`RestructuringCosts`	$-300.00K	USD	1 Quarter
Restructuring and other facility exit costs, net	`RestructuringCosts`	$22.50M	USD	1 Quarter
Other operating activities	`OtherOperatingActivitiesCashFlowStatement`	$7.30M	USD	1 Quarter
Other operating activities	`OtherOperatingActivitiesCashFlowStatement`	$10.50M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-220.90M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-231.40M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.40M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.20M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-133.10M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-227.70M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$13.30M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-58.50M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInOperatingCapital`	$3.10M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInOperatingCapital`	$34.30M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.90M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.20M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$9.90M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$119.40M	USD	1 Quarter
Sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$100.00M	USD	1 Quarter
Sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$6.20M	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$68.60M	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$282.60M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.60M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.70M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.90M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$600.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$258.50M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$47.60M	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$49.10M	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$50.10M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$33.00M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$38.80M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$22.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$195.90M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-178.80M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.70M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.20M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.00M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.00M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$127.10M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.08B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.09B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.34B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.08B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.09B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.34B	USD	Point-in-time

Comprehensive Income 22 line items

Line Item	Tag	Value	Unit	Period
Net gain (loss) on derivative instruments, tax effect	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$-500.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-129.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-82.40M	USD	1 Quarter
Net gain (loss) on derivative instruments, tax effect	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$700.00K	USD	1 Quarter
Change in net unrealized gain on available-for-sale debt securities, tax effect	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$300.00K	USD	1 Quarter
Change in net unrealized gain on available-for-sale debt securities, tax effect	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-100.00K	USD	1 Quarter
Change in defined benefit pension items, tax effect	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Net gain (loss) on derivative instruments (net of tax effect of ($0.7) and $0.5, respectively)	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$6.00M	USD	1 Quarter
Net gain (loss) on derivative instruments (net of tax effect of ($0.7) and $0.5, respectively)	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$-1.40M	USD	1 Quarter
Change in defined benefit pension items, tax effect	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-1.40M	USD	1 Quarter
Change in net unrealized gain on available-for-sale debt securities (net of tax effect of $0.1 and ($0.3), respectively)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$700.00K	USD	1 Quarter
Net change in cumulative foreign currency translation (loss) gain, tax effect	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-300.00K	USD	1 Quarter
Change in net unrealized gain on available-for-sale debt securities (net of tax effect of $0.1 and ($0.3), respectively)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$600.00K	USD	1 Quarter
Net change in cumulative foreign currency translation (loss) gain, tax effect	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$300.00K	USD	1 Quarter
Change in defined benefit pension items (net of tax effect of ($1.4) and $0.0, respectively)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$500.00K	USD	1 Quarter
Change in defined benefit pension items (net of tax effect of ($1.4) and $0.0, respectively)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-7.70M	USD	1 Quarter
Net change in cumulative foreign currency translation (loss) gain (net of tax effect of $0.3 and ($0.3), respectively)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-24.30M	USD	1 Quarter
Net change in cumulative foreign currency translation (loss) gain (net of tax effect of $0.3 and ($0.3), respectively)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$13.40M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$12.20M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-10.00M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-92.40M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-117.40M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.