Autodesk 2012 Annual Report Download - page 113

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Canadian dollars, and Australian dollars. We do not enter into any foreign exchange derivative instruments for trading or
speculative purposes. The notional amount of our option and forward contracts was $494.7 million and $401.6 million at
January 31, 2012 and 2011, respectively.
Contractual Obligations
The following table summarizes our significant financial contractual obligations at January 31, 2012 and the effect such
obligations are expected to have on our liquidity and cash flows in future periods.
Operating lease obligations
Purchase obligations
Deferred compensation obligations
Pension obligations
Other obligations(1)
Total(2)
Total
$ 237.6
53.5
31.5
18.1
36.0
$ 376.7
Fiscal 2013
$ 49.4
45.9
3.2
2.0
16.9
$ 117.4
Fiscal Years
2014-2015
(in millions)
$ 74.4
7.6
7.6
4.6
13.0
$ 107.2
Fiscal Years
2016-2017
$ 53.9
—
5.0
3.6
4.8
$ 67.3
Thereafter
$ 59.9
—
15.7
7.9
1.3
$ 84.8
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(1) Other obligations include future sabbatical obligations and asset retirement obligations.
(2) This table generally excludes amounts already recorded on the balance sheet as current liabilities, certain purchase obligations as
discussed below, long term deferred revenue and amounts related to income tax liabilities for uncertain tax positions, since we cannot
predict with reasonable reliability the timing of cash settlements to the respective taxing authorities (see Note 4, “Income Taxes” to the
Notes to Consolidated Financial Statements).
Operating lease obligations consist primarily of obligations for facilities, net of sublease income, computer equipment
and other equipment leases.
Purchase obligations are contractual obligations for purchase of goods or services and are defined as agreements that are
enforceable and legally binding on Autodesk and that specify all significant terms, including: fixed or minimum quantities to be
purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction. Purchase obligations
relate primarily to hosting services agreements, IT infrastructure costs, and marketing costs.
Deferred compensation obligations relate to amounts held in a rabbi trust under our non-qualified deferred compensation
plan. See Note 6, “Deferred Compensation,” in our Notes to Consolidated Financial Statements for further information
regarding this plan.
Pension obligations relate to our obligations for pension plans outside of the U.S. See Note 14, “Retirement Benefit
Plans,” in our Notes to Consolidated Financial Statements for further information regarding these obligations.
Purchase orders or contracts for the purchase of supplies and other goods and services are not included in the table above.
We are not able to determine the aggregate amount of such purchase orders that represent contractual obligations, as purchase
orders may represent authorizations to purchase rather than binding agreements. Our purchase orders are based on our current
procurement or development needs and are fulfilled by our vendors within short time horizons. We do not have significant
agreements for the purchase of supplies or other goods specifying minimum quantities or set prices that exceed our expected
requirements for three months. In addition, we have certain software royalty commitments associated with the shipment and
licensing of certain products.
The expected timing of payment of the obligations discussed above is estimated based on current information. Timing of
payments and actual amounts paid may be different depending on the time of receipt of goods or services or changes to agreed-
upon amounts for some obligations.
We provide indemnifications of varying scopes and certain guarantees, including limited product warranties. Historically,
costs related to these warranties and indemnifications have not been significant, but because potential future costs are highly
variable, we are unable to estimate the maximum potential impact of these guarantees on our future results of operations.
Issuer Purchases of Equity Securities
The purpose of the stock repurchase program is largely to help offset the dilution from the issuance of stock under our
employee stock plans and for such other purposes as may be in the interests of Autodesk and its stockholders, and has the effect
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2012 Annual Report