10-Q Filing

AUTODESK, INC. CIK: 769397 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000769397-21-000034`
Period End Date	20210430
Filing Date	20210603
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	adsk-20210430_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 36 Cash Flow Statement 64 Comprehensive Income 22

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.77B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$923.20M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$4.00M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	-	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$326.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$643.10M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$206.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$256.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.63B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.51B	USD	Point-in-time
Computer equipment, software, furniture and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$192.80M	USD	Point-in-time
Computer equipment, software, furniture and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$197.30M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$401.50M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$416.70M	USD	Point-in-time
Developed technologies, net	`IntangibleAssetsNetExcludingGoodwill`	$173.90M	USD	Point-in-time
Developed technologies, net	`IntangibleAssetsNetExcludingGoodwill`	$88.60M	USD	Point-in-time
Goodwill	`Goodwill`	$2.71B	USD	Point-in-time
Goodwill	`Goodwill`	$3.48B	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxAssetsNet`	$743.70M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxAssetsNet`	$763.10M	USD	Point-in-time
Long-term other assets	`OtherAssetsNoncurrent`	$792.50M	USD	Point-in-time
Long-term other assets	`OtherAssetsNoncurrent`	$486.60M	USD	Point-in-time
Total assets	`Assets`	$7.30B	USD	Point-in-time
Total assets	`Assets`	$7.28B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$122.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$124.00M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$322.60M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$202.80M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$42.60M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$47.80M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.50B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.54B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$71.40M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$76.00M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$138.80M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$194.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.13B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.25B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$859.30M	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$804.30M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$396.00M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$377.30M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$19.70M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$15.90M	USD	Point-in-time
Long-term deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$11.40M	USD	Point-in-time
Long-term deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$55.40M	USD	Point-in-time
Long-term notes payable, net	`LongTermNotesPayable`	$1.64B	USD	Point-in-time
Long-term notes payable, net	`LongTermNotesPayable`	$1.64B	USD	Point-in-time
Long-term other liabilities	`OtherLiabilitiesNoncurrent`	$139.80M	USD	Point-in-time
Long-term other liabilities	`OtherLiabilitiesNoncurrent`	$145.20M	USD	Point-in-time
Common stock and additional paid-in capital	`CommonStocksIncludingAdditionalPaidInCapital`	$2.58B	USD	Point-in-time
Common stock and additional paid-in capital	`CommonStocksIncludingAdditionalPaidInCapital`	$2.64B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-125.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-101.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.49B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.41B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-139.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$965.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.13B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-139.10M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.28B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.30B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Total net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$885.70M	USD	1 Quarter
Total net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$989.30M	USD	1 Quarter
Amortization of developed technologies	`CostOfGoodsAndServicesSoldAmortization`	$7.40M	USD	1 Quarter
Amortization of developed technologies	`CostOfGoodsAndServicesSoldAmortization`	$10.20M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$81.90M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$92.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$803.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$896.50M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$377.10M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$341.30M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$265.50M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$217.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$111.90M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$104.80M	USD	1 Quarter
Amortization of purchased intangibles	`AmortizationOfIntangibleAssets`	$8.20M	USD	1 Quarter
Amortization of purchased intangibles	`AmortizationOfIntangibleAssets`	$9.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$762.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$673.20M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$133.80M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$130.60M	USD	1 Quarter
Interest and other expense, net	`InterestIncomeExpenseNet`	$-40.10M	USD	1 Quarter
Interest and other expense, net	`InterestIncomeExpenseNet`	$-2.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$131.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$90.50M	USD	1 Quarter
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$24.00M	USD	1 Quarter
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$-24.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$155.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$66.50M	USD	1 Quarter
Basic net income per share (in usd per share)	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Basic net income per share (in usd per share)	`EarningsPerShareBasic`	$0.71	USD	1 Quarter
Diluted net income per share (in usd per share)	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Diluted net income per share (in usd per share)	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Weighted average shares used in computing basic net income per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	219.20M	shares	1 Quarter
Weighted average shares used in computing basic net income per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	219.60M	shares	1 Quarter
Weighted average shares used in computing diluted net income per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	222.00M	shares	1 Quarter
Weighted average shares used in computing diluted net income per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	221.30M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$155.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$66.50M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAndAmortization`	$33.00M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAndAmortization`	$30.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$115.80M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$98.20M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-18.80M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-3.50M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$32.70M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$18.60M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-324.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-295.50M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$47.50M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$125.60M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-182.20M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-154.60M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.10M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-27.50M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$5.20M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$4.10M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$336.10M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$327.30M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$11.00M	USD	1 Quarter
Sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$4.00M	USD	1 Quarter
Sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.30M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.90M	USD	1 Quarter
Purchases of developed technologies	`PaymentsToAcquireIntangibleAssets`	$900.00K	USD	1 Quarter
Purchases of developed technologies	`PaymentsToAcquireIntangibleAssets`	$3.60M	USD	1 Quarter
Business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.03B	USD	1 Quarter
Business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-8.40M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$43.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.04B	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-78.00M	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$64.20M	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$56.80M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$32.50M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$54.90M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$151.40M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$202.00M	USD	1 Quarter
Repayment of debt	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Repayment of debt	`RepaymentsOfLinesOfCredit`	$450.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.50M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-630.20M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-142.10M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-4.10M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.60M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-385.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-849.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.77B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.39B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.77B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$923.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.77B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.39B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.77B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$923.20M	USD	Point-in-time
Fair value of common stock issued to settle liability-classified restricted stock units	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid`	-	USD	1 Quarter
Fair value of common stock issued to settle liability-classified restricted stock units	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid`	$28.70M	USD	1 Quarter
Fair value of common stock issued related to business combination	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	$2.60M	USD	1 Quarter
Fair value of common stock issued related to business combination	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	-	USD	1 Quarter

Comprehensive Income 22 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$155.60M	USD	1 Quarter
Net (loss) gain on derivative instruments, tax expense (benefit)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$-1.70M	USD	1 Quarter
Net (loss) gain on derivative instruments, tax expense (benefit)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$-400.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$66.50M	USD	1 Quarter
Change in net unrealized gain (loss) on available-for-sale securities, tax expense (benefit)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	-	USD	1 Quarter
Change in net unrealized gain (loss) on available-for-sale securities, tax expense (benefit)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$100.00K	USD	1 Quarter
Net gain on derivative instruments (net of tax effect of $(1.7) and $(0.4), respectively)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$10.00M	USD	1 Quarter
Change in defined pension items, tax expense (benefit)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Net gain on derivative instruments (net of tax effect of $(1.7) and $(0.4), respectively)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$4.00M	USD	1 Quarter
Change in defined pension items, tax expense (benefit)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Change in net unrealized gain on available-for-sale debt securities (net of tax effect of zero and $0.1, respectively)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$400.00K	USD	1 Quarter
Change in net unrealized gain on available-for-sale debt securities (net of tax effect of zero and $0.1, respectively)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$4.00M	USD	1 Quarter
Net change in cumulative foreign currency translation (loss) gain, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-1.80M	USD	1 Quarter
Net change in cumulative foreign currency translation (loss) gain, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	-	USD	1 Quarter
Change in defined benefit pension items (net of tax effect of zero and zero, respectively)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$300.00K	USD	1 Quarter
Change in defined benefit pension items (net of tax effect of zero and zero, respectively)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-100.00K	USD	1 Quarter
Net change in cumulative foreign currency translation gain (loss) (net of tax effect of $(1.8) and zero, respectively)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-22.90M	USD	1 Quarter
Net change in cumulative foreign currency translation gain (loss) (net of tax effect of $(1.8) and zero, respectively)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$10.10M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-18.80M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$24.20M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$47.70M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$179.80M	USD	1 Quarter

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