Autodesk 2012 Annual Report Download - page 68
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62
APPENDIX A
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
(In millions except for operating margin)
Fiscal Year Ended
January 31,
2012 2011
Income from operations. . . . . . . . . . . . . . . . . . . . . . . $355.6 $271.4
Stock-based compensation expense. . . . . . . . . . 108.8 80.7
Amortization of purchased intangibles(1) . . . . . 70.3 55.9
Restructuring charges . . . . . . . . . . . . . . . . . . . . (1.3) 10.8
Non-GAAP income from operations . . . . . . . . . . . . $533.4 $418.8
Operating margin. . . . . . . . . . . . . . . . . . . . . . . . . . . . 16% 14%
Stock-based compensation expense. . . . . . . . . . 5% 4%
Amortization of purchased intangibles(1) . . . . . 3% 3%
Restructuring charges . . . . . . . . . . . . . . . . . . . . —% —%
Non-GAAP operating margin. . . . . . . . . . . . . . . . . . 24% 21%
(1) Amortization of purchased intangibles includes amortization of purchased developed technology, customer
relationships, and trade names for acquisitions subsequent to December 2005.
Our non-GAAP financial measures as set forth in the table above exclude the following:
Stock-based compensation expenses. We exclude stock-based compensation expenses from 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.
Amortization of purchased intangibles. We incur amortization of acquisition-related purchased intangible
assets in connection with acquisitions of certain businesses and technologies. The amortization of purchased
intangibles varies depending on the level of acquisition activity and management finds it useful to exclude these
variable charges to assess the appropriate level of various operating expenses to assist in budgeting, planning
and forecasting future periods.
Restructuring charges. These expenses are associated with realigning our business strategies based on
current economic conditions. In connection with these restructuring actions, we recognize costs related to
termination benefits for former employees whose positions were eliminated, and the closure of facilities and
cancelation of certain contracts. We exclude these charges because these expenses are not reflective of ongoing
financial results in the current period.