Autodesk 2005 Annual Report Download

Download and view the complete annual report

Please find the complete 2005 Autodesk annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 102

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102

Table of contents

  • Page 1

  • Page 2

  • Page 3

  • Page 4

  • Page 5
    .... Successful. Fiscal 2005 was a year of unprecedented growth and profitability for Autodesk. A year that delivered a remarkable return on investment for our customers and shareholders. A year of groundbreaking technical innovation, superior solutions, expert services and continuous investment...

  • Page 6
    ... after year. We deliver best-in-class solutions that touch all aspects of the productively design process-from 2D concepts to advanced 3D modeling, from animation to visualization-in One billion and counting. order to free our customers to design without barriers. Our solutions minimize productivity...

  • Page 7
    ... industry-proven ity generated a significant increase in operating software that's easy to use and implement, cash ï¬,ow in fiscal 2005. We used $546 million to making technology accessible and affordable to repurchase 26 million shares of Autodesk stock, the greatest number of users. $14 million...

  • Page 8
    ...-Autodesk Inventor Series, Autodesk Inventor Professional, Autodesk Revit Building, Autodesk AutoCAD Revit Series and Autodesk Civil 3D-increased 69 percent over fiscal 2004. We also took important steps toward complete lifecycle management. Using our 3D products, customers can create rich design...

  • Page 9
    ... family of AutoCAD products. We shipped Autodesk Inventor Series, Autodesk Inventor Professional, Autodesk AutoCAD Revit Series and important new functionalities with Autodesk Vault. In addition, we introduced several new strategic products during the year: Autodesk Productstream, Autodesk Civil 3D...

  • Page 10
    We launched Autodesk Productstream in fiscal 2005. Addressing the need for lifecycle management solutions, Productstream enables customers to automate release management and change order management processes while allowing the engineering department to maintain control of the design. With less than...

  • Page 11
    ...television editing, color grading and visual effects, to animation, game development and design visualization. In fiscal 2005, we released powerful new versions of every product in our lineup. We also experienced success with our new Linux-based products-discreet ï¬,int and discreet smoke. Reviews...

  • Page 12
    ... the most widely used CAD software for design, drafting and detailing; innovative new ways to model and visualize projects in 3D before they become reality; effects and editing tools that help film producers, visual effects artists and other media and entertainment professionals turn their most...

  • Page 13
    ... No.) 111 McInnis Parkway, San Rafael, California (Address of principal executive offices) 94903 (Zip Code) Registrant's telephone number, including area code: (415) 507-5000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered...

  • Page 14
    ... ...Security Ownership of Certain Beneficial Owners and Management ...Certain Relationships and Related Transactions ...Principal Accountant Fees and Services ...77 77 77 77 78 Item 5. 15 16 17 41 42 76 76 77 PART IV Item 15. Exhibits and Financial Statement Schedule ...78 80 Signatures...

  • Page 15
    ... 3D design products (Autodesk Inventor products, Autodesk Revit Building products and Autodesk Civil 3D) which accounted for 14% of our consolidated net revenues for fiscal 2005. In addition to software products, the Design Solutions Segment offers a range of services including consulting, support...

  • Page 16
    ... office is located at 111 McInnis Parkway, San Rafael, California 94903. Our telephone number is (415) 507-5000. We maintain a Website at www.autodesk.com. Information on our website is not part of this Annual Report on Form 10-K. Investors can obtain copies of our SEC filings from this site free...

  • Page 17
    .... Customers who purchase Autodesk Inventor Professional have access to additional specialized capabilities for efficiently creating wire harness and cabling, plus integrated finite element analysis. AutoCAD Mechanical AutoCAD Mechanical software offers 2D mechanical design and engineering tools...

  • Page 18
    ... AutoCAD platform, Autodesk Architectural Desktop software supports existing 2D ways of working and lets users gradually introduce increasingly powerful industryspecific 3D features to save time and improve coordination. It offers flexibility in implementation, the efficiency of real-world 3D...

  • Page 19
    .... Autodesk Subscription Program and Autodesk Upgrade Program In addition to sales of new software licenses, we offer our customers two ways to migrate to the most recent version of our products. These programs are available for a majority of our Design Solution products as well as Discreet's 3ds max...

  • Page 20
    ... our subscription program and support content is also available on the Product Support portion of our Internet site. There are also a number of user group forums in which customers are able to share information. DEVELOPER PROGRAMS One of our key strategies is to maintain an open-architecture design...

  • Page 21
    ...our subscription program, services and deferred license sales. Backlog also includes current software license product orders which have not yet shipped. The category of current software license product orders which we have not yet shipped consists of orders from customers with approved credit status...

  • Page 22
    ... of our Design Solutions Segment and certain Discreet Segment software products involves duplication of the software media and the printing of user manuals. The purchase of media and the transfer of the software programs onto media for distribution to customers are performed by us and by licensed...

  • Page 23
    ... character design software solution and a proven software development team. Autodesk integrated the Unreal Pictures technology (known as Character Studio) into the latest release of our 3ds maxproduct inOctober 2004. The acquisition has been integrated into the Discreet Segment. The assets acquired...

  • Page 24
    ...ranging from 2005 to 2009. We and our foreign subsidiaries lease additional space in various locations throughout the world for local sales, product development and technical support personnel. All facilities are in good condition and are operating at capacities averaging 85% occupancy worldwide. We...

  • Page 25
    ...Software Piracy." z4's complaint alleges that Autodesk infringes the '471 patent and the '825 patent by making, using, selling, and offering for sale the claimed matter of these patents without the plaintiff's authority. z4 seeks unspecified compensatory damages, injunctive relief and fees and costs...

  • Page 26
    ... Software, Inc., a product lifecycle management solutions company. Prior to this, Mr. Bado served as Senior Vice President, World Trade at Mentor Graphics Corporation, a hardware and software design software company, where he worked from September 1988 to November 1999. Jan Becker joined Autodesk...

  • Page 27
    ... Purchases of Equity Securities The purpose of Autodesk's stock repurchase program is to help offset the dilution to earnings per share caused by the issuance of stock under our employee stock plans and to effectively utilize excess cash generated from the business. The number of shares acquired...

  • Page 28
    ... our common stock during the three months ended January 31, 2005: Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (Shares in...

  • Page 29
    ... reports filed with the Securities and Exchange Commission. STRATEGY Our goal is to be the world's leading design software and services company for the building, manufacturing, infrastructure, media and entertainment, and wireless data services fields. Our focus is to help customers create, manage...

  • Page 30
    ... in revenue growth opportunities with our goal of increasing our operating margins. Autodesk generates significant cash flow. Our uses of cash include share repurchases to offset the dilutive impact of our employee stock plans, mergers and acquisitions, investments in growth initiatives and...

  • Page 31
    ... the size of other file formats. Autodesk also provides a free DWF Viewer for users to view and print 2D and 3D designs published in the DWF format. • Autodesk Buzzsaw - a project collaboration service that allows users to manage multiple projects and communicate project information among all team...

  • Page 32
    ...that we report in a particular period. In addition to product sales, Autodesk recognizes maintenance revenues from our subscription program and hosted service revenues ratably over the contract periods. Customer consulting and training revenues are recognized as the services are performed. Allowance...

  • Page 33
    ... the fourth quarter of fiscal 2004, the Board of Directors approved a restructuring plan involving the elimination of employee positions and the closure of a number of offices worldwide. This plan, which we refer to as the fiscal 2004 restructuring plan, was designed to improve efficiencies across...

  • Page 34
    ...Notes to Consolidated Financial Statements for the pro forma net income (loss) and net income (loss) per share amounts for fiscal 2005, 2004 and 2003, as if we had used a fair-value based method similar to the methods required under SFAS 123R to measure compensation expense for employee stock awards...

  • Page 35
    ...revenues increased 38%, subscription revenues increased 54%, and upgrade revenues increased 12%. Revenue growth was driven more by volume growth than price increases due to the strength of our current product releases, particularly the AutoCAD 2005 family of products and Autodesk Inventor 9 products...

  • Page 36
    ... of employee stock option grants and our employee stock purchase plan offering. See Note 1, "Business and Summary of Significant Accounting Policies" in the Notes to Consolidated Financial Statements for further discussion. Throughout fiscal 2005, we maintained a strong balance sheet and generated...

  • Page 37
    ... to the remaining installed base of the AutoCAD 2000i release at that same time last year. However, we expect upgrade revenue in future fiscal years to decline as more end-user customers migrate to our subscription program. Revenue from the sales of our services, training and support are immaterial...

  • Page 38
    ...for fiscal 2005 as compared to fiscal 2004. A critical component of our growth strategy is to convert our 2D customer base, including customers of AutoCAD and related vertical industry products, to our higher priced 3D products such as the Autodesk Inventor products, Autodesk Revit Building products...

  • Page 39
    ...million in fiscal 2003. The increase in net revenues in fiscal 2004 for both the Design Solutions Segment and combined AutoCAD and AutoCAD LT products was due primarily to strong upgrade and subscription sales coupled with favorable exchange rates. Revenue from new seat licenses accounted for 50% of...

  • Page 40
    ...costs for our marketing, sales, order processing, dealer training and support personnel and overhead charges. These expenses also include costs of programs aimed at increasing revenues, such as advertising, trade shows and expositions, and various sales and promotional programs designed for specific...

  • Page 41
    sales volume, approximately $23.3 million of higher advertising, branding and promotion costs as well as costs related to a customer information and customer support software project, offset in part by restructuring-related cost savings. The increase of $35.5 million between fiscal years 2004 and ...

  • Page 42
    ... restructuring plan. Since the office closures in fiscal 2002, there has been a significant downturn in the commercial real estate market, particularly in areas of the United Kingdom where some of the offices are located. As such, Autodesk is unable to either buy-out the remaining lease obligations...

  • Page 43
    ... Autodesk for attorneys' fees and trial costs. Interest income for fiscal 2004 includes $4.2 million related to a one time tax benefit realized during the second quarter of fiscal 2004 resulting from the favorable resolution with the IRS of an industry-wide issue regarding Foreign Sales Corporations...

  • Page 44
    ... fiscal 2005, following certain business changes, Autodesk completed an internal reorganization of the ownership of Autodesk Canada. As a result of the reorganization, Autodesk believes that it will be able to claim U.S. tax deductions for the remaining unamortized portion of the purchase price from...

  • Page 45
    ... from the exercise of employee stock options and the purchase of employee stock purchase plan shares and use cash to repurchase outstanding Autodesk shares under our share repurchase program. At January 31, 2005, our principal sources of liquidity were cash and marketable securities totaling $532...

  • Page 46
    ... under operating leases for facilities and computer equipment, IT infrastructure costs, marketing costs, contractual development costs and certain capital expenditures related to the purchase and implementation of customer information and support management software and services. The expected...

  • Page 47
    ... also eligible to participate in Autodesk's 1998 Employee Qualified Stock Purchase Plan. Our stock option program is broad-based and designed to promote long-term retention. Essentially all of our employees participate. Approximately 84% of the options we granted during fiscal 2005 were awarded to...

  • Page 48
    ... key new applications, unexpected costs or changes in marketing or other operating expenses, changes in product pricing or product mix, platform changes, delays in product releases, failure to convert our 2D customer base to 3D products, distribution channel management, changes in sales compensation...

  • Page 49
    ...as changes in customer requirements and preferences, characterize the software industry. We are devoting significant resources to the development of technologies, like our lifecycle management initiatives, and service offerings to address demands in the marketplace for increased connectivity and use...

  • Page 50
    ... equivalent software could be developed, identified, licensed and integrated, which would likely harm our business. In addition, for certain of our products and services, we rely on third party hardware and services, like the workstations supplied by SGI. Financial difficulties, product line changes...

  • Page 51
    ... financial and business condition of our reseller network. Computer software dealers and distributors are typically not highly capitalized and have previously experienced difficulties during times of economic contraction and may do so in the future. While we have processes to ensure that we assess...

  • Page 52
    ... and resellers to return older versions of products which have been superceded by new product releases. We anticipate that product returns will continue to be impacted by product update cycles, new product releases such as AutoCAD 2005 and software quality. We establish reserves for stock balancing...

  • Page 53
    ... subject to fluctuations due to changes in foreign currency exchange rates. Our risk management strategy utilizes foreign currency forward and option contracts to manage our foreign currency exposures that exist as part of our ongoing business operations, but such contracts do not extend beyond the...

  • Page 54
    ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA AUTODESK, INC. CONSOLIDATED STATEMENTS OF INCOME Fiscal year ended January 31, 2005 2004 2003 (in thousands, except per share data) Net revenues: License and other ...Maintenance ...Total net revenues ...Costs and expenses: Cost of license and ...

  • Page 55
    ... stock, $0.01 par value; 2,000 shares authorized; none issued or outstanding at January 31, 2005 and 2004 ...Common stock and additional paid-in capital, $0.01 par value; 400,000 shares authorized; 227,611 shares outstanding at January 31, 2005 and 223,440 shares outstanding at January 31, 2004...

  • Page 56
    ...-for-sale marketable securities ...Business combinations, net of cash acquired ...Capital and other expenditures ...Purchases of software technologies and capitalization of software development costs ...Other investing activities ...Net cash provided by (used in) investing activities ...Financing...

  • Page 57
    ... ...Common shares issued under stock option and stock purchase plans ...Compensation expense related to stock options . . Tax benefits from employee stock plans ...Comprehensive income: Net income ...Other comprehensive income, net of tax: Change in unrealized gains on available-for-sale securities...

  • Page 58
    ... across their entire project lifecycle management processes. Autodesk provides a broad range of integrated and interoperable design software, Internet services, wireless development platforms and point-of-location applications that empower millions of users. Autodesk software products are sold in...

  • Page 59
    ... of tax, reported in stockholders' equity until disposition or maturity. Investments in Privately-held Businesses Autodesk has several minority investments in privately-held technology companies, many of which are in the development stage. These investments are accounted for using the cost method of...

  • Page 60
    ... from sales to a large number of direct customers, resellers and distributors in the Americas, Europe and the Asia/Pacific region. Autodesk performs ongoing evaluations of its customers' financial condition and limits the amount of credit extended when deemed necessary, but generally requires no...

  • Page 61
    ... The weighted-average amortization period for purchased technologies and capitalized software acquired during fiscal 2005 was 2.8 years. Expected future amortization expense for purchased technologies and capitalized software for each of the fiscal years ended through January 31, 2009 is as follows...

  • Page 62
    ... equal to the fair value of the Media 100-based products. This charge was recorded in cost of license and other revenues for the Discreet Segment of Autodesk. In addition to the recoverability assessments, Autodesk routinely reviews the remaining estimated useful lives of its long-lived assets. Any...

  • Page 63
    ... fair value of shares granted under the employee qualified stock purchase plan to account for modifications to employee withholdings and the two-year offering period of the plan. As a result of these changes, pro forma net income for fiscal 2004 was reduced by $3.4 million and pro forma net loss...

  • Page 64
    ... as set by management with the relevant authority. For reporting purposes, Autodesk reports revenue generated from the subscription program separately as maintenance revenue on the Consolidated Statements of Income. Revenue from all other sales types including product, consulting, training, hardware...

  • Page 65
    ... the SEC staff's views regarding the valuation of share-based payment arrangements. Autodesk is currently assessing the impact of SAB 107 on our implementation and adoption of SFAS 123R. Stock Splits On November 16, 2004, the Company's Board of Directors authorized a two-for-one stock split in...

  • Page 66
    ..., 2005 Cost Fair value (In thousands) January 31, 2004 Cost Fair value Cash and cash equivalents ...Marketable securities ...Foreign currency option contracts ... $517,654 15,038 203 $517,654 15,038 203 $282,249 244,729 181 $282,249 247,251 181 Autodesk uses derivative instruments to manage its...

  • Page 67
    ... (Continued) Note 3. Financial Instruments (Continued) The notional amounts of foreign currency contracts were $36.2 million at January 31, 2005 and $26.0 million at January 31, 2004. While the contract or notional amount is often used to express the volume of foreign exchange contracts, the amounts...

  • Page 68
    ... losses realized on the sale of available-for-sale securities were $0.9 million in fiscal 2005, $0.3 million in fiscal 2004 and $0.2 million in fiscal 2003. The cost of securities sold is based on the specific identification method. Proceeds from the sale of marketable securities were $301.6 million...

  • Page 69
    ... Autodesk's deferred tax assets and liabilities are as follows: January 31, 2005 2004 (In thousands) Purchased technology and capitalized software ...Reserves for product returns and bad debts ...Tax loss carryforwards ...Accrued compensation and benefits ...Fixed assets ...Research and development...

  • Page 70
    ... allowance decreased by $21.4 million in fiscal 2005 and increased by $11.9 million in fiscal 2004 and $7.6 million in fiscal 2003. During fiscal 2005, Autodesk re-assessed the realizability of certain deferred tax assets related to stock option deductions that had not been previously recognized...

  • Page 71
    ... fiscal 2005, following certain business changes, Autodesk completed an internal reorganization of the ownership of Autodesk Canada. As a result of the reorganization, Autodesk believes that it will be able to claim U.S. tax deductions for the remaining unamortized portion of the purchase price from...

  • Page 72
    ...the normal course of business, Autodesk provides indemnifications of varying scopes, including limited product warranties and indemnification of customers against claims of intellectual property infringement made by third parties arising from the use of our products or services. Autodesk accrues for...

  • Page 73
    ...Software Piracy." z4's complaint alleges that Autodesk infringes the '471 patent and the '825 patent by making, using, selling, and offering for sale the claimed matter of these patents without the plaintiff's authority. z4 seeks unspecified compensatory damages, injunctive relief and fees and costs...

  • Page 74
    ... 31, 2005. The number of shares acquired and the timing of the purchases are based on several factors, including general market conditions and the trading price of Autodesk common stock. In fiscal 2005, 2004 and 2003, Autodesk repurchased its common stock through open market purchases. Dividends...

  • Page 75
    ...such, Autodesk uses stock option awards as one means of attracting and retaining highly skilled employees. The 1996 Stock Plan (the "1996 Plan"), which was approved by stockholders, allows for options to be granted to employees, including officers. This plan allows for the number of shares available...

  • Page 76
    AUTODESK, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Note 7. Employee and Director Benefit Plans (Continued) A summary of stock option activity is as follows: Weighted average price per share Number of shares (Shares in thousands) Options outstanding at January 31, 2002 ......

  • Page 77
    ...in March 2005 and 10.9 million securities available for future issuance under Autodesk's 1998 Employee Qualified Stock Purchase Plan. (3) Amounts correspond to Autodesk's Nonstatutory Stock Option Plan, which was terminated by the Board of Directors in December 2004. Pretax Savings Plan Autodesk has...

  • Page 78
    ... enable users to embed engineering calculations into their designs based on how parts function. Management's allocation of the purchase consideration, which is based on valuations of acquired assets performed by a third party, is as follows (in thousands): Developed technologies (3 year useful life...

  • Page 79
    ... paid for potential next generation technology and the opportunity for enhanced revenue growth through the development and sale of integrated model based design applications for downstream use of modeling data. As part of the acquisition, Autodesk granted Revit employees 0.5 million options in...

  • Page 80
    ... during fiscal 2005, 2004 and 2003, respectively. Autodesk expects to pay the employee termination costs within one year, and the office closure costs over a period ranging from one to five years. During the fourth quarter of fiscal 2004, the Board of Directors approved a restructuring plan that...

  • Page 81
    ... related to the fiscal 2004 plan, $3.6 million related to employee termination costs for 86 employees worldwide (71 in the United States and 15 outside the United States) and $0.2 million related to office closure costs. Office closure costs included losses on operating leases and the write-off...

  • Page 82
    .... Sales of 3D design products (Autodesk Inventor products, Autodesk Revit Building products and Autodesk Civil 3D) in aggregate accounted for 14% of consolidated net revenues in fiscal 2005 and 11% of consolidated net revenues in both fiscal 2004 and 2003. The Discreet Segment, our Media and...

  • Page 83
    ... 2004 restructuring plan activities that relate to each reportable segment during fiscal 2005 (in thousands). The balance at January 31, 2005 is included in other accrued liabilities on our Consolidated Balance Sheets. Design Solutions Segment Office Closure Costs Employee Termination Costs Discreet...

  • Page 84
    ... exclude financial instruments and deferred tax assets. As such, marketable securities and deferred taxes have been excluded above. (2) During fiscal 2005, an Investment in Discreet (now Autodesk Canada) held by Neucha ˆ tel, Switzerland, was eliminated as a result of an internal reorganization...

  • Page 85
    ... related to corporate restructuring activities. Note 14. Subsequent Events (Unaudited) During February 2005, Autodesk entered into an agreement to acquire the assets of Compass Systems GmbH ("Compass"), a European-based developer of the Compass family of data management solutions, for approximately...

  • Page 86
    ... information set forth therein. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the effectiveness of Autodesk's internal control over financial reporting as of January 31, 2005, based on criteria established in Internal Control...

  • Page 87
    ...on management's assessment and an opinion on the effectiveness of the Company's internal control over financial reporting based on our audit. We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan...

  • Page 88
    ... over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934, as amended). Our management assessed the effectiveness of our internal control over financial reporting as of January 31, 2005. In making this assessment, our management used the criteria set forth...

  • Page 89
    ... entitled "Election of Directors," "Section 16(a) - Beneficial Ownership Reporting Compliance" and "Election of Directors - Corporate Governance Matters - Code of Business Conduct." The information concerning Autodesk's executive officers required by this Item is incorporated by reference herein to...

  • Page 90
    ... ended January 31, 2005, 2004 and 2003, is filed as part of this Report and should be read in conjunction with the Consolidated Financial Statements of Autodesk, Inc. Schedule II Valuation and Qualifying Accounts Schedules not listed above have been omitted because they are not applicable or are not...

  • Page 91
    ITEM 15(A)(2) FINANCIAL STATEMENT SCHEDULE II AUTODESK, INC. VALUATION AND QUALIFYING ACCOUNTS (In thousands) Additions Charged to Costs and Expenses or Revenues Description Balance at Beginning of Year Deductions Write-Offs Balance at End of Year Fiscal year ended January 31, 2005 Allowance ...

  • Page 92
    ...or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. AUTODESK, INC. By: /S/CAROL A. BARTZ Carol A. Bartz Chairman of the Board Dated: March 31, 2005 POWER OF ATTORNEY KNOW ALL PERSONS BY...

  • Page 93
    ..., 2003) Autodesk Incentive Program for Fiscal Year 2006 Registrant's 2005 Non-Qualified Deferred Compensation Plan Office Lease between Registrant and the J.H.S. Trust for 111 McInnis Parkway, San Rafael, CA, as amended (incorporated by reference to Exhibit 10.1 filed with the Registrant's Report on...

  • Page 94
    .... Discreet Logic-USA, Inc. Revit Technology Corporation Revit Technology Limited Revit Security Corporation Canada Switzerland Sweden Switzerland Argentina Singapore Australia Brazil Netherlands Canada China Netherlands Switzerland Switzerland Hong Kong Austria Germany India Delaware Ireland Korea...

  • Page 95
    ... 1994 Restricted Stock and Stock Option Plan, Discreet Logic Inc. 1995 Employee Stock Purchase Plan, Discreet Logic Inc. 1995 Non-Employee Director Stock Option Plan and Discreet Logic Inc. 1997 Special Limited Non-Employee Director Stock Plan 1996 Stock Plan, 1998 Employee Qualified Stock Purchase...

  • Page 96
    ... disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in the Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: a) Designed such disclosure controls and procedures, or caused...

  • Page 97
    ... disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in the Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: a) Designed such disclosure controls and procedures, or caused...

  • Page 98
    ... 906 of the Sarbanes-Oxley Act of 2002, that the Annual Report of Autodesk, Inc. on Form 10-K for the annual period ended January 31, 2005 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Form 10-K fairly...

  • Page 99
    ... Worldwide Headquarters Autodesk, Inc. 111 McInnis Parkway San Rafael, CA 94903 USA Asia Pacific Autodesk Asia PTE Ltd. 391B Orchard Road #12-06 Ngee Ann City, Tower B Singapore 238874 Singapore Europe Autodesk Devel. BV Autodesk AG Rue du Puits-Godet-6 Case Postale 35 Neuchatel CH-2005 Switzerland...

  • Page 100
    (This page intentionally left blank.)

  • Page 101

  • Page 102