10-Q Filing

AUTODESK, INC. CIK: 769397 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0000769397-23-000110`
Period End Date	20230430
Filing Date	20230601
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	adsk-20230430_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 34 Cash Flow Statement 62 Comprehensive Income 22

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.91B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.95B	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$222.00M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$125.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$331.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$961.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$308.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$371.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.83B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.34B	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$185.00M	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$102.00M	USD	Point-in-time
Computer equipment, software, furniture and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$144.00M	USD	Point-in-time
Computer equipment, software, furniture and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$140.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$267.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$245.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$407.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$426.00M	USD	Point-in-time
Goodwill	`Goodwill`	$3.62B	USD	Point-in-time
Goodwill	`Goodwill`	$3.62B	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxAssetsNet`	$1.04B	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxAssetsNet`	$1.01B	USD	Point-in-time
Long-term other assets	`OtherAssetsNoncurrent`	$560.00M	USD	Point-in-time
Long-term other assets	`OtherAssetsNoncurrent`	$552.00M	USD	Point-in-time
Total assets	`Assets`	$9.07B	USD	Point-in-time
Total assets	`Assets`	$9.44B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$127.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$102.00M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$284.00M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$358.00M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$33.00M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$104.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$3.20B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$3.19B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$74.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$85.00M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$219.00M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$148.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.00B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.93B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$1.38B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$1.29B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$328.00M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$300.00M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$164.00M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$168.00M	USD	Point-in-time
Long-term deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$33.00M	USD	Point-in-time
Long-term deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$32.00M	USD	Point-in-time
Long-term notes payable, net	`LongTermNotesPayable`	$2.28B	USD	Point-in-time
Long-term notes payable, net	`LongTermNotesPayable`	$2.28B	USD	Point-in-time
Long-term other liabilities	`OtherLiabilitiesNoncurrent`	$139.00M	USD	Point-in-time
Long-term other liabilities	`OtherLiabilitiesNoncurrent`	$141.00M	USD	Point-in-time
Common stock and additional paid-in capital	`CommonStocksIncludingAdditionalPaidInCapital`	$3.33B	USD	Point-in-time
Common stock and additional paid-in capital	`CommonStocksIncludingAdditionalPaidInCapital`	$3.37B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-185.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-200.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.27B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.00B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$897.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.15B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$849.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$681.00M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$9.07B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$9.44B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Total net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.27B	USD	1 Quarter
Total net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.17B	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$117.00M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$127.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.14B	USD	1 Quarter
Gross profit	`GrossProfit`	$1.05B	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$456.00M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$419.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$327.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$289.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$120.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$132.00M	USD	1 Quarter
Amortization of purchased intangibles	`AmortizationOfIntangibleAssets`	$11.00M	USD	1 Quarter
Amortization of purchased intangibles	`AmortizationOfIntangibleAssets`	$10.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$839.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$925.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$214.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$217.00M	USD	1 Quarter
Interest and other income (expense), net	`InterestIncomeExpenseNet`	$-19.00M	USD	1 Quarter
Interest and other income (expense), net	`InterestIncomeExpenseNet`	$4.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$195.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$221.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$49.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$60.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$161.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$146.00M	USD	1 Quarter
Basic net income per share (in dollars per share)	`EarningsPerShareBasic`	$0.75	USD	1 Quarter
Basic net income per share (in dollars per share)	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Diluted net income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.75	USD	1 Quarter
Diluted net income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter
Weighted average shares used in computing basic net income per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	217.00M	shares	1 Quarter
Weighted average shares used in computing basic net income per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	215.00M	shares	1 Quarter
Weighted average shares used in computing diluted net income per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	219.00M	shares	1 Quarter
Weighted average shares used in computing diluted net income per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	216.00M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$161.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$146.00M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAndAmortization`	$33.00M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAndAmortization`	$38.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$152.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$165.00M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$30.00M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$22.00M	USD	1 Quarter
Lease-related asset impairments	`AssetImpairmentCharges`	-	USD	1 Quarter
Lease-related asset impairments	`AssetImpairmentCharges`	$2.00M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$27.00M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-11.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-332.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-630.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$32.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$23.00M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-218.00M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-168.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-38.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-98.00M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$38.00M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$73.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$723.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$434.00M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$29.00M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$342.00M	USD	1 Quarter
Sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$163.00M	USD	1 Quarter
Sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$202.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.00M	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$6.00M	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$4.00M	USD	1 Quarter
Business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$26.00M	USD	1 Quarter
Business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$96.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$10.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$30.00M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$31.00M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-230.00M	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$71.00M	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$67.00M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$82.00M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$70.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$457.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$512.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-460.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-523.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-8.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-15.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-10.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-38.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.52B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.95B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.53B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.52B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.95B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.53B	USD	Point-in-time
Fair value of common stock issued to settle liability-classified restricted common stock	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid`	-	USD	1 Quarter
Fair value of common stock issued to settle liability-classified restricted common stock	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid`	$1.00M	USD	1 Quarter
Fair value of common stock issued related to business combinations	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	-	USD	1 Quarter
Fair value of common stock issued related to business combinations	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	$10.00M	USD	1 Quarter

Comprehensive Income 22 line items

Line Item	Tag	Value	Unit	Period
Net (loss) gain on derivative instruments, tax (benefit)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$-8.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$161.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$146.00M	USD	1 Quarter
Net (loss) gain on derivative instruments, tax (benefit)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$2.00M	USD	1 Quarter
Change in net unrealized gain (loss) on available-for-sale securities, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	-	USD	1 Quarter
Change in net unrealized gain (loss) on available-for-sale securities, tax expense (benefit)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	-	USD	1 Quarter
Change in defined benefit pension items, tax effect	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	1 Quarter
Net (loss) gain on derivative instruments (net of tax effect of $2 and $(8), respectively)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-13.00M	USD	1 Quarter
Change in defined benefit pension items, tax effect	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	1 Quarter
Net (loss) gain on derivative instruments (net of tax effect of $2 and $(8), respectively)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$55.00M	USD	1 Quarter
Net change in cumulative foreign currency translation loss, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	-	USD	1 Quarter
Change in net unrealized gain (loss) on available-for-sale debt securities (net of tax effect of zero for all periods presented)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$2.00M	USD	1 Quarter
Net change in cumulative foreign currency translation loss, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$5.00M	USD	1 Quarter
Change in net unrealized gain (loss) on available-for-sale debt securities (net of tax effect of zero for all periods presented)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.00M	USD	1 Quarter
Change in defined benefit pension items (net of tax effect of zero for all periods presented)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Change in defined benefit pension items (net of tax effect of zero for all periods presented)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$3.00M	USD	1 Quarter
Net change in cumulative foreign currency translation loss (net of tax effect of $5 and zero respectively)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-75.00M	USD	1 Quarter
Net change in cumulative foreign currency translation loss (net of tax effect of $5 and zero respectively)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.00M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-15.00M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-24.00M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$122.00M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$146.00M	USD	1 Quarter

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