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49
Autodesk, Inc. FY 00
Note 14. Quarterly Financial Information (Unaudited)
Summarized quarterly financial information for fiscal 2000, 1999, and 1998 is as follows:
(in thousands,except per share data)
1st 2nd 3rd 4th Fiscal
quarter quarter quarter quarter year
Fiscal 2000
Net revenues $ 194,939 $ 202,945 $ 202,072 $ 220,226 $ 820,182
Gross margin 162,531 163,331 166,852 183,597 676,311
Income (loss) from operations (20,209) (5,248) (4,435) 30,655 763
Net income (loss) (17,144) 389 1,393 25,170 9,808
Basic net income (loss) per share (0.29) 0.01 0.02 0.42 0.16
Diluted net income (loss) per share (0.29) 0.01 0.02 0.41 0.16
Fiscal 1999
Net revenues $ 222,918 $ 226,811 $ 204,609 $ 217,541 $ 871,879
Gross margin 188,896 191,229 173,600 183,907 737,632
Income from operations 42,689 40,888 25,193 33,317 142,087
Net income 28,733 27,530 17,624 23,245 97,132
Basic net income per share 0.51 0.49 0.31 0.41 1.72
Diluted net income per share 0.48 0.46 0.31 0.39 1.64
Fiscal 1998
Net revenues $ 157,389 $ 191,364 $ 197,907 $ 222,024 $ 768,684
Gross margin 124,020 158,947 166,061 186,285 635,313
Income (loss) from operations (17,182) 29,438 33,160 49,578 94,994
Net income (loss) (18,529) 18,995 22,046 33,703 56,215
Basic net income (loss) per share (0.33) 0.33 0.39 0.61 1.00
Diluted net income (loss) per share (0.33) 0.31 0.36 0.57 0.94
Results for the first quarter of fiscal 2000 included non-
recurring charges totaling $21.8 million, which
resulted from the acquisition of Discreet and VISION.
Results for the third quarter of fiscal 2000 included
nonrecurring charges totaling $14.7 million, which
primarily related to a corporate restructuring. Results
for the fourth quarter of fiscal 2000 included non-
recurring credits totaling $1.8 million,primarily related
to the reversal of a litigation reserve established in
fiscal 1999.
Results for the second quarter of fiscal 1999 included
nonrecurring charges of $19.7 million, which resulted
from the acquisition of Genius and certain restructur-
ing charges.
Results for the first quarter of fiscal 1998 included
nonrecurring charges of $19.2 million, $5.3 million
and $3.0 million, related to the Softdesk, D-Vision and
3D/Eye acquisitions, respectively. Results for the sec-
ond quarter of fiscal 1998 included nonrecurring
charges of approximately $1.7 million related to the
Lightscape acquisition. Results for the fourth quar-
ter of fiscal 1998 included nonrecurring credits of
$2.3 million primarily related to a gain on sale of an
investment.