Autodesk 2014 Annual Report Download - page 163

2013 Annual Report
2014 Form 10-K 89
12. Net Income Per Share
Basic net income per share is computed using the weighted average number of shares of common stock outstanding for
the period, excluding stock options and restricted stock units. Diluted net income per share is based upon the weighted average
number of shares of common stock outstanding for the period and potentially dilutive common shares, including the effect of
stock options and restricted stock units under the treasury stock method. The following table sets forth the computation of the
numerators and denominators used in the basic and diluted net income per share amounts:
Fiscal Year Ended January 31,
2014 2013 2012
Numerator:
Net income $ 228.8 $ 247.4 $ 285.3
Denominator:
Denominator for basic net income per share—weighted average shares
224.0 226.4 227.7
Effect of dilutive securities 5.6 5.3 5.6
Denominator for dilutive net income per share 229.6 231.7 233.3
Basic net income per share $ 1.02 $ 1.09 $ 1.25
Diluted net income per share $ 1.00 $ 1.07 $ 1.22
The computation of diluted net income per share does not include shares that are anti-dilutive under the treasury stock
method because their exercise prices are higher than the average market value of Autodesk’s stock during the fiscal year. For
the fiscal years ended January 31, 2014, 2013 and 2012, 5.4 million, 9.6 million and 12.9 million potentially anti-dilutive
shares, respectively, were excluded from the computation of net income per share.
13. Segments
Autodesk reports segment information based on the “management” approach. The management approach designates the
internal reporting used by management for making decisions and assessing performance as the source of the Company’s
reportable segments. Autodesk has four reportable segments: PSEB, AEC, MFG and M&E. Autodesk has no material inter-
segment revenue.
The PSEB, AEC and MFG segments derive revenue from the sale of licenses for software products and services to
customers who design, build, manage or own building, manufacturing and infrastructure projects. Autodesk's M&E segment
derives revenue from the sale of products to creative professionals, post-production facilities and broadcasters for a variety of
applications, including feature films, television programs, commercials, music and corporate videos, interactive game
production, web design and interactive web streaming.
PSEB includes Autodesk’s design product, AutoCAD. Autodesk’s AutoCAD product is a platform product that underpins
the Company’s design product offerings for the industries it serves. For example, AEC and MFG offer tailored versions of
AutoCAD software for the industries they serve. Autodesk’s AutoCAD product also provides a platform for Autodesk’s
developer partners to build custom solutions for a range of diverse design-oriented markets. PSEB's revenue primarily includes
revenue from sales of AutoCAD and AutoCAD LT, the Autodesk Design Suite and many other design products, including
consumer design products, as well as from sales of licenses of other Autodesk's design products.
AEC software products help to improve the way building, civil infrastructure, process plant and construction projects are
designed, built and managed. A broad portfolio of solutions enables greater efficiency, accuracy and sustainability across the
entire project lifecycle. Autodesk AEC solutions include advanced technology for BIM, AutoCAD-based design and
documentation productivity software, sustainable design analysis applications, and collaborative project management solutions.
BIM, an integrated process for building and infrastructure design, analysis, documentation and construction, uses consistent,
coordination information to improve communication and collaboration between the extended project team. AEC provides a
comprehensive portfolio of BIM solutions that help customers deliver projects faster and more economically, while minimizing
environmental impact. AEC’s revenue primarily includes revenue from the sales of licenses of Autodesk Building Design
Suites, AutoCAD Civil 3D, AutoCAD Map, and Autodesk Infrastructure Design Suites.