UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date
of
Report (Date of earliest event reported)
May
17, 2007
Autodesk,
Inc.
(Exact
name of registrant as specified in its charter)
|
Delaware
|
000-14338
|
94-2819853
|
||
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer
Identification
No.)
|
111
McInnis Parkway
San
Rafael, California 94903
(Address
of principal executive offices, including zip code)
(415)
507-5000
(Registrant’s
telephone number, including area code)
(Former
name or former address, if changed since last report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[
]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
2.02. Results of Operations and Financial Condition.
On
May
17, 2007, Autodesk, Inc. issued a press release reporting selected financial
results for the three months ended April 30, 2007. The press release is
furnished herewith as Exhibit 99.1 and is incorporated herein by
reference.
Non-GAAP
Financial Measures
To
supplement Autodesk’s consolidated financial statements presented on a GAAP
basis, the press release furnished herewith as Exhibit 99.1 provides
investors with certain non-GAAP measures, including future non-GAAP operating
margins. For our internal budgeting and resource allocation process, Autodesk’s
management uses future non-GAAP operating margins that does not include: (a)
the
stock-based compensation impact of SFAS 123R, (b) amortization of purchased
intangibles and purchases of incomplete technology that result in an in-process
research and development expense and (c) certain payments to employees for
tax
issues arising from Autodesk’s voluntary stock option review. Autodesk’s
management uses future non-GAAP operating margins in making operating decisions
because we believe the measures provide meaningful supplemental information
regarding Autodesk’s operational potential. In addition, this non-GAAP financial
measure facilitates comparisons to competitors’ operating guidance.
As
described above, Autodesk excludes the following items from its non-GAAP
measures:
A.
Stock
compensation impact of SFAS 123R. These expenses consist of expenses for
employee stock options and employee stock purchases under SFAS 123(R). Autodesk
excludes stock-based compensation expenses from our non-GAAP measures primarily
because they are non-cash expenses and management finds it useful to exclude
certain non-cash charges to assess the appropriate level of various operating
expenses to assist in budgeting, planning and forecasting future periods.
Further, as Autodesk applies SFAS 123R, we believe that it is useful to
investors to understand the impact of the application of SFAS 123R to our
results of operations.
B.
Amortization of purchased intangibles and in-process research and development
expenses. Autodesk incurs amortization of acquisition-related purchased
intangible assets and charges related to in-process research and development,
primarily in connection with its acquisition of certain businesses, such as
Alias in January 2006. The amortization of purchased intangibles from a business
combination is generally a non-cash expense and management finds it useful
to
exclude certain non-cash charges to assess the appropriate level of various
operating expenses to assist in budgeting, planning and forecasting future
periods.
C.
Reimbursement to employees for tax issues arising from the stock option review.
This expense consists of anticipated payments that may be made to our employees
relating to tax payments they may incur as a result of our voluntary stock
option review. Autodesk excludes these payments from our non-GAAP measures
primarily because it is a non-recurring item and management finds it useful
to
exclude certain non-cash charges to assess the appropriate level of various
operating expenses to assist in budgeting, planning and forecasting future
periods.
There
are
limitations in using non-GAAP financial measures because the non-GAAP financial
measures are not prepared in accordance with generally accepted accounting
principles and may be different from non-GAAP financial measures used by other
companies. In addition, the non-GAAP financial measures are limited in value
because they exclude certain items that may have a material impact upon our
reported financial results. Management compensates for these limitations by
analyzing current and future results on a GAAP basis as well as a non-GAAP
basis
and also by providing GAAP operating margin in our earnings release when
accessible. The presentation of non-GAAP financial information is not meant
to
be considered in isolation or as a substitute for the directly comparable
financial measures prepared in accordance with generally accepted accounting
principles in the United States. The non-GAAP financial measures are meant
to
supplement, and be viewed in conjunction with, GAAP financial measures.
Investors should review the information regarding non-GAAP financial measures
provided in our press release.
Item
9.01. Financial Statements and Exhibits.
| (d) |
Exhibits.
|
| Exhibit No. | Description |
| 99.1 |
Press
release dated as of May 17, 2007, entitled “Autodesk Reports Record
Revenues of $509 Million.”
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
AUTODESK,
INC.
|
||
| |
|
|
| By: |
/s/
Alfred
J. Castino
|
|
|
Alfred J. Castino |
||
|
Senior
Vice President and Chief Financial
Officer
|
||
Date:
May
17,
2007
EXHIBIT
INDEX
| Exhibit No. | Description |
| 99.1 |
Press
release dated as of May 17, 2007, entitled “Autodesk Reports Record
Revenues of $509 Million.”
|
Autodesk
Reports Record Revenues of $509 Million
Raises
Revenue Guidance
SAN
RAFAEL, Calif., May 17 /PRNewswire-FirstCall/ -- Autodesk, Inc. (Nasdaq: ADSK)
today reported record quarterly revenues of $509 million, an increase of 17
percent over the first quarter of fiscal 2007.
"Autodesk
delivered another record quarter of revenue," said Carl Bass, Autodesk president
and CEO. "During the quarter, we launched strong new releases of our 2008 family
of products which continue to improve our customers' design experience.
Customers are responding enthusiastically to the improved performance and
scalability across the product line. Additionally, our industry-leading 3D
design software solutions are providing customers the ability to experience
their ideas through the power of digital prototyping resulting in improved
competitive advantage."
Operational
Highlights
Autodesk's
performance was driven by strong increases in revenue from its model-based
3D
design products, maintenance revenue from subscription, revenue in the emerging
economies, and revenue from new seats.
The
Company's model-based 3D products, Inventor, Revit and Civil 3D software,
continue to increase their market penetration. Combined revenues from these
model-based design products increased 19 percent over the first quarter of
fiscal 2007 to $106 million or 21 percent of total revenues. In total, Autodesk
shipped more than 32,000 commercial seats of 3D in the quarter including 14,000
seats of Revit, 10,600 seats of Inventor and 7,400 seats of Civil 3D. During
the
quarter, Autodesk passed a significant milestone when it shipped the millionth
commercial seat of its model-based 3D design solutions.
Installed
base revenue, which includes upgrade revenue and maintenance revenue from
subscriptions, increased 22 percent over the first quarter of fiscal 2007 to
$197 million. Continued strength in subscription attachment and renewal rates
drove strong performance on many subscription metrics. Maintenance
revenue from subscriptions increased 45 percent compared to the first quarter
of
fiscal 2007 to $125 million. Deferred maintenance revenue from subscription
increased $34 million sequentially and $110 million compared to the first
quarter of fiscal 2007. The subscription installed base grew to 1.3 million
subscribers. Total upgrade revenues decreased 5% compared to the first quarter
of fiscal 2007, as expected.
Once
again, emerging economies contributed robust growth in revenues. Revenues from
the emerging economies in Asia Pacific, Eastern Europe, the Middle East and
Latin America increased 36 percent over the first quarter of fiscal 2007 to
$72
million and represented 14 percent of total revenues.
Revenues
from new seats increased by 10 percent compared to the first quarter of last
year. AutoCAD Mechanical and 3ds Max were particularly strong with revenues
from
new seats increasing 65 percent and 30 percent, respectively, compared to the
first quarter of last year. Revenue from new seats of AutoCAD and AutoCAD LT
were robust this quarter, growing 11 percent compared to the first quarter
of
last year.
OTHER
FINANCIAL HIGHLIGHTS
| * |
Cash,
cash equivalents and marketable securities increased by $186 million
sequentially to $964 million as of April 30, 2007.
|
| * |
Total
backlog increased $23 million compared to January 31, 2007.Total
deferred
revenue increased $21 million sequentially. Deferred maintenance
revenues
from subscription increased $34 million sequentially. Unshipped
product
orders increased by $2 million sequentially to $19 million at April
30,
2007.
|
| * |
Channel
inventory as of April 30, 2007 was below the normal range of
three to four
weeks.
|
| * |
DSO
decreased to 47 days.
|
| * |
Capital
expenditures were $7 million.
|
| * |
As
a result of the voluntary review of the Company's historical stock
option
granting practices and the related accounting, the Company did not
issue
or repurchase any shares during the
quarter.
|
| * |
There
were approximately 231 million total shares outstanding and 244 million
diluted GAAP basis shares outstanding in the first
quarter.
|
| * |
Revenues
in the Americas increased 8 percent over the first quarter of
fiscal 2007 to $184 million.
|
| * |
Revenues
in EMEA increased 26 percent over the first quarter of fiscal 2007
to $207
million.
|
| * |
Revenues
in Asia Pacific increased 16 percent over the first quarter
of fiscal 2007 to $117 million. Revenues in Japan decreased slightly
compared to the first quarter of fiscal 2007, and increased 23 percent
sequentially.
|
| * |
In
the first quarter of fiscal 2008, spending on total costs and expenses
--
which include cost of license and other revenue, cost of maintenance
revenues, marketing and sales, research and development, and general
and
administrative - increased by $21 million
sequentially.
|
| * |
Spending
on legal, tax and accounting fees related to the voluntary stock
option review was approximately flat with the fourth quarter of fiscal
2007 at $3 million.
|
| * |
Interest
and other income increased by $5 million sequentially to $10
million.
|
Business
Outlook
The
following statements are forward-looking statements which are based on current
expectations and which involve risks and uncertainties some of which
are
set
forth below. As a result of the voluntary stock option review, the Company
is
not providing EPS guidance at this time. Additionally, because accounting
related to the restatement of its financial statements is being finalized as
a
result of the voluntary stock option review, as described below, the Company
is
not able to provide GAAP operating margins for fiscal 2008 at this time.
Second
Quarter Fiscal 2008
Net
revenues for the second quarter of fiscal 2008 are expected to be in the range
of $520 million to $530 million. Non-GAAP operating margins for the second
quarter of fiscal 2008 are expected to be in the range of 24.5 to 25.4 percent.
Non-GAAP operating margins do not include SFAS 123R stock-based compensation
expenses or reimbursement to employees for tax issues arising from the stock
option review, which in total the Company is currently unable to determine
but
believes will be significant. Non-GAAP operating margins also exclude
amortization of acquisition related intangibles of approximately $4 million.
Company estimates of non-GAAP operating margins include approximately $1.5
million in the second quarter of fiscal 2008 for legal, tax and accounting
fees
related to the voluntary stock option review.
Third
Quarter Fiscal 2008
Net
revenues for the third quarter of fiscal 2008 are expected to be in the range
of
$520 million to $530 million. Non-GAAP operating margins for the third quarter
of fiscal 2008 are expected to be in the range of 26.4 to 26.9 percent. Non-GAAP
operating margins do not include SFAS 123R stock-based compensation expenses,
which the Company is currently unable to determine but believes will be
significant, and amortization of acquisition related intangibles of
approximately $4 million.
Full
Year
Fiscal 2008
For
fiscal year 2008, net revenues are expected to be between $2.115 billion and
$2.150 billion. Non-GAAP operating margins for fiscal year 2008 are expected
to
be in the range of 27 to 27.5 percent. Non-GAAP operating margins do not take
into account SFAS 123R stock-based compensation expenses and reimbursement
to
employees for tax issues arising from the stock option review, both of which
the
Company is currently unable to determine but believes will be significant.
Non-GAAP operating margins also exclude amortization of acquisition related
intangibles of approximately $16 million. The Company expects its fiscal 2008
tax rate to be between 25 and 26 percent.
Stock
Option Review
As
announced on May 2, 2007, Autodesk is seeking the advice of the Office of Chief
Accountant at the Securities and Exchange Commission (the "OCA") and on May
3,
2007, submitted to the OCA certain financial statement information arising
out
of adjustments related to accounting for stock-based compensation expense as
a
result of a voluntary review by the Audit Committee of the Board of Directors
regarding timing of past stock option grants and other related issues. Autodesk
intends to file its restated financial statements, as well as its delinquent
quarterly reports on Form 10-Q for the quarters ended July 31, 2006 and October
31, 2006 and its annual report on Form 10-K for fiscal year ended January 31,
2007, as soon as practicable after receiving the advice of the
OCA.
While
Autodesk is in the process of restating prior years' financial statements to
reflect the additional compensation expense associated with past stock option
granting practices, the Company is also recording other minor adjustments
related to reseller incentives on its subscription program. These adjustments
increase revenue and decrease deferred revenues for fiscal 2006 and fiscal
2005
by approximately $15 million and $5 million respectively.
Safe
Harbor Statement
This
press release contains forward-looking statements that involve risks and
uncertainties, including statements in the paragraphs under "Business Outlook"
above, statements in the paragraphs under "Stock Option Review" above,
statements regarding anticipated market trends and other statements regarding
our expected performance. Factors relating to the voluntary stock option review
described above that could cause actual results to differ materially include,
but are not limited to: the timing of review and conclusions of the Company's
independent registered public accounting firm regarding the Company's stock
option grants and related accounting adjustments to the Company's financial
statements for certain periods, the application of accounting or tax principles
in an unanticipated manner, an unanticipated delay in the preparation and filing
of the Company's required reports with the SEC or an inability to meet the
requirements of the NASDAQ Global Select Market for continued listing of its
shares. The stock option grant practices under review and related matters have
led and could also lead to potential claims and proceedings relating to such
matters, including shareholder or employee litigation and action by the SEC
and/or other regulatory agencies, and negative tax or other implications for
the
Company resulting from any accounting adjustments or other factors.
Other
factors that could cause actual results to differ materially include the
following: unexpected expenses, resulting from the voluntary stock option
review, our performance in particular geographies, general market and business
conditions, fluctuations in our tax rate, the timing and degree of expected
investments in growth opportunities, slowing momentum in maintenance or
subscription revenues, changes in the timing of product releases and
retirements, failure of key new applications to achieve anticipated levels
of
customer acceptance, difficulties encountered in integrating new or acquired
businesses and technologies, failure to achieve sufficient sell-through in
our
channels for new or existing products, pricing pressure, fluctuation in foreign
currency exchange rates, failure to achieve continued cost reductions and
productivity increases, failure to achieve continued migration from 2D products
to 3D products, failure to achieve continued success in technology advancements,
the financial and business condition of our reseller and distribution channels,
interruptions or terminations in the business of the Company's consultants
or
third party developers, and unanticipated impact of accounting for technology
acquisitions.
Further
information on potential factors that could affect the financial results of
Autodesk are included in the Company's reports on Form 10-K for the year ended
January 31, 2006 and Form 10-Q for the quarter ended April 30, 2006 which are
on
file with the Securities and Exchange Commission. Autodesk does not assume
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.
Earnings
Conference Call and Webcast
Autodesk
will host its first quarter conference call today at 5:00 p.m. EDT. The live
announcement may be accessed at www.autodesk.com/investors or by dialing
800-901-5241 or 617-786-2963 (passcode: 72422598). An audio webcast or podcast
of the call will be available at 7:00 pm EDT at www.autodesk.com/investors.
This
replay will be maintained on our website for at least twelve months. An audio
replay will also be available for one month beginning at 7:00 pm EDT by dialing
888-286-8010 or 617-801-6888 (passcode: 64067637).
About
Autodesk
Autodesk,
Inc. is the world leader in 2D and 3D design software for the manufacturing,
building and construction, and media and entertainment markets. Since its
introduction of AutoCAD software in 1982, Autodesk has developed the broadest
portfolio of state-of-the-art digital prototyping solutions to help customers
experience their ideas before they are real. Fortune 1,000 companies rely on
Autodesk for the tools to visualize, simulate and analyze real-world performance
early in the design process to save time and money, enhance quality and foster
innovation. For additional information about Autodesk, visit
http://www.autodesk.com.
Note:
AutoCAD, AutoCAD LT, Autodesk, Civil 3D, Inventor, Revit and 3ds Max are either
registered trademarks or trademarks of Autodesk, Inc., in the USA and/or other
countries. All other brand names, product names or trademarks belong to their
respective holders.
| Investors: |
Sue
Pirri, sue.pirri@autodesk.com, 415-507-6467 Katie Blanchard,
katherine.blanchard@autodesk.com, 415-507-6034 John Clancy,
john.clancy@autodesk.com,
415-507-6373
|
| Press: |
Caroline
Kawashima, caroline.kawashima@autodesk.com, 415-547-2498
|
|
Fiscal
Year 2008
|
|
QTR
1
|
|
QTR
2
|
|
QTR
3
|
|
QTR
4
|
|
YTD2008
|
|
|||||
|
Financial
Statistics (in millions):
|
||||||||||||||||
|
Total
net revenues
|
$
|
509
|
$
|
509
|
||||||||||||
|
License
and other revenues
|
$
|
383
|
$
|
383
|
||||||||||||
|
Maintenance
revenues
|
$
|
125
|
$
|
125
|
||||||||||||
|
Total
Cash and Marketable Securities
|
$
|
964
|
$
|
964
|
||||||||||||
|
Days
Sales Outstanding
|
47
|
47
|
||||||||||||||
|
Capital
Expenditures
|
$
|
7
|
$
|
7
|
||||||||||||
|
GAAP
Depreciation and Amortization
|
$
|
14
|
$
|
14
|
||||||||||||
|
Revenue
by Geography (in millions):
|
||||||||||||||||
|
Americas
|
$
|
184
|
$
|
184
|
||||||||||||
|
Europe
|
$
|
207
|
$
|
207
|
||||||||||||
|
Asia/Pacific
|
$
|
117
|
$
|
117
|
||||||||||||
|
Revenue
by Division (in millions):
|
||||||||||||||||
|
Design
Solutions Segment
|
$
|
446
|
$
|
446
|
||||||||||||
|
Platform
Solutions and Emerging Business Division
|
$
|
252
|
$
|
252
|
||||||||||||
|
Architecture,
Engineering and Construction Division
|
$
|
100
|
$
|
100
|
||||||||||||
|
Manufacturing
Solutions Division
|
$
|
94
|
$
|
94
|
||||||||||||
|
Media
and Entertainment Segment
|
$
|
59
|
$
|
59
|
||||||||||||
|
Other
|
$
|
4
|
$
|
4
|
||||||||||||
|
Other
Revenue Statistics:
|
||||||||||||||||
|
%
of Total Rev from AutoCAD, AutoCAD upgrades and AutoCAD LT
|
43
|
%
|
43
|
%
|
||||||||||||
|
%
of Total Rev from 3D design products
|
21
|
%
|
21
|
%
|
||||||||||||
|
%
of Total Rev from Emerging Economies
|
14
|
%
|
14
|
%
|
||||||||||||
|
Upgrade
Revenue (in millions)
|
$
|
71
|
$
|
71
|
||||||||||||
|
Favorable
(Unfavorable) Impact of U.S. Dollar Translation Relative to Foreign
Currencies Compared to Comparable Prior Year Period (in
millions):
|
||||||||||||||||
|
Fx
Impact on Total Net Revenues
|
$
|
19
|
$
|
19
|
||||||||||||
|
Common
Stock Statistics:
|
||||||||||||||||
|
GAAP
Shares Outstanding
|
231,166,000
|
230,741,000
|
||||||||||||||
|
GAAP
Fully Diluted Shares Outstanding
|
243,848,000
|
243,172,000
|
||||||||||||||
|
Shares
Repurchased
|
--
|
--
|
||||||||||||||
|
Installed
Base Statistics:
|
||||||||||||||||
|
AutoCAD
Total
|
||||||||||||||||
|
AutoCAD-based
|
||||||||||||||||
|
Installed
Base
|
4,162,000
|
4,162,000
|
||||||||||||||
|
Stand-alone
AutoCAD
|
2,779,000
|
|||||||||||||||
|
AutoCAD
Mechanical
|
208,000
|
|||||||||||||||
|
AutoCAD
Map
|
249,000
|
|||||||||||||||
|
Architectural
Desktop
|
503,000
|
|||||||||||||||
|
Land
Desktop
|
78,000
|
|||||||||||||||
|
AutoCAD
LT Installed Base
|
3,424,000
|
|||||||||||||||
|
Total
Inventor Installed Base
|
699,000
|
699,000
|
||||||||||||||
|
Total
Subscription Installed Base
|
1,295,000
|
1,295,000
|
||||||||||||||
|
Fiscal
Year 2007
|
|
|
QTR
1
|
|
|
QTR
2
|
|
|
QTR
3
|
|
|
QTR
4
|
|
|
YTD2007
|
|
|
Financial
Statistics (in millions):
|
||||||||||||||||
|
Total
net revenues
|
$
|
436
|
$
|
450
|
$
|
457
|
$
|
497
|
$
|
1,840
|
||||||
|
License
and other revenues
|
$
|
349
|
$
|
346
|
$
|
346
|
$
|
375
|
$
|
1,416
|
||||||
|
Maintenance
revenues
|
$
|
87
|
$
|
104
|
$
|
111
|
$
|
123
|
$
|
424
|
||||||
|
Total
Cash and Marketable Securities
|
$
|
386
|
$
|
468
|
$
|
597
|
$
|
778
|
$
|
778
|
||||||
|
Days
Sales Outstanding
|
58
|
52
|
51
|
55
|
55
|
|||||||||||
|
Capital
Expenditures
|
$
|
11
|
$
|
7
|
$
|
7
|
$
|
10
|
$
|
35
|
||||||
|
GAAP
Depreciation and Amortization
|
$
|
13
|
$
|
14
|
$
|
13
|
$
|
14
|
$
|
53
|
||||||
|
Revenue
by Geography (in millions):
|
||||||||||||||||
|
Americas
|
$
|
170
|
$
|
168
|
$
|
194
|
$
|
203
|
$
|
735
|
||||||
|
Europe
|
$
|
164
|
$
|
174
|
$
|
160
|
$
|
189
|
$
|
687
|
||||||
|
Asia/Pacific
|
$
|
101
|
$
|
108
|
$
|
103
|
$
|
105
|
$
|
418
|
||||||
|
Revenue
by Division (in millions):
|
||||||||||||||||
|
Design
Solutions Segment
|
$
|
386
|
$
|
388
|
$
|
389
|
$
|
430
|
$
|
1,595
|
||||||
|
Platform
Solutions and Emerging Business Division
|
$
|
224
|
$
|
223
|
$
|
212
|
$
|
220
|
$
|
879
|
||||||
|
Architecture,
Engineering and Construction Division
|
$
|
88
|
$
|
90
|
$
|
93
|
$
|
112
|
$
|
383
|
||||||
|
Manufacturing
Solutions Division
|
$
|
75
|
$
|
75
|
$
|
85
|
$
|
97
|
$
|
333
|
||||||
|
Media
and Entertainment Segment
|
$
|
47
|
$
|
59
|
$
|
64
|
$
|
65
|
$
|
234
|
||||||
|
Other
|
$
|
3
|
$
|
3
|
$
|
3
|
$
|
3
|
$
|
11
|
||||||
|
Other
Revenue Statistics:
|
||||||||||||||||
|
%
of Total Rev from AutoCAD, AutoCAD upgrades and AutoCAD LT
|
44
|
%
|
41
|
%
|
38
|
%
|
37
|
%
|
40
|
%
|
||||||
|
%
of Total Rev from 3D design products
|
20
|
%
|
20
|
%
|
22
|
%
|
24
|
%
|
22
|
%
|
||||||
|
%
of Total Rev from Emerging Economies
|
12
|
%
|
13
|
%
|
15
|
%
|
15
|
%
|
14
|
%
|
||||||
|
Upgrade
Revenue (in millions)
|
$
|
75
|
$
|
49
|
$
|
51
|
$
|
78
|
$
|
253
|
||||||
|
Favorable
(Unfavorable) Impact of U.S. Dollar Translation Relative to Foreign
Currencies Compared to Comparable Prior Year Period (in
millions):
|
||||||||||||||||
|
Fx
Impact on Total Net Revenues
|
$
|
(19
|
)
|
$
|
(2
|
)
|
$
|
6
|
$
|
16
|
$
|
1
|
||||
|
Common
Stock Statistics:
|
||||||||||||||||
|
GAAP
Shares Outstanding
|
231,296,000
|
230,523,000
|
230,919,000
|
231,166,000
|
230,741,000
|
|||||||||||
|
GAAP
Fully Diluted Shares Outstanding
|
244,698,000
|
243,119,000
|
242,029,000
|
243,861,000
|
243,172,000
|
|||||||||||
|
Shares
Repurchased
|
1,700,000
|
2,498,000
|
--
|
--
|
4,198,000
|
|||||||||||
|
Installed
Base Statistics:
|
||||||||||||||||
|
AutoCAD
Total AutoCAD-based Installed Base
|
3,928,000
|
3,987,000
|
4,056,000
|
4,114,000
|
4,114,000
|
|||||||||||
|
Stand-alone
AutoCAD
|
2,758,000
|
|||||||||||||||
|
AutoCAD
Mechanical
|
200,000
|
|||||||||||||||
|
AutoCAD
Map
|
245,000
|
|||||||||||||||
|
Architectural
Desktop
|
494,000
|
|||||||||||||||
|
Land
Desktop
|
79,000
|
|||||||||||||||
|
AutoCAD
LT Installed Base
|
3,335,000
|
|||||||||||||||
|
Total
Inventor Installed Base
|
578,000
|
610,000
|
643,000
|
676,000
|
676,000
|
|||||||||||
|
Total
Subscription Installed Base
|
990,000
|
1,086,000
|
1,163,000
|
1,232,000
|
1,232,000
|
/CONTACT:
Investors, Sue Pirri, +1-415-507-6467, sue.pirri@autodesk.com, Katie Blanchard,
+1-415-507-6034, katherine.blanchard@autodesk.com, John Clancy, +1-415-507-6373,
john.clancy@autodesk.com, or Press, Caroline Kawashima,
caroline.kawashima@autodesk.com, +1-415-547-2498, all of Autodesk,
Inc./
/Web
site: http://www.autodesk.com/