Autodesk 2005 Annual Report Download - page 84

Download and view the complete annual report

Please find page 84 of the 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

January 31,
2005 2004
(In thousands)
Long-lived assets: (1)
U.S. operations ................................................. $305,605 $ 252,051
Other Americas ................................................ 4,957 4,986
Total Americas .................................................... 310,562 257,037
Neuchaˆtel, Switzerland (2) ...................................... 19,024 317,474
Other Europe, Middle East and Africa ......................... 229,837 230,768
Total Europe, Middle East and Africa ............................. 248,861 548,242
Asia/Pacific ....................................................... 8,717 8,353
Consolidating eliminations ....................................... (312,794) (559,701)
Total long-lived assets ....................................... $255,346 $ 253,931
(1) Long-lived assets 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 Neuchaˆtel, Switzerland, was
eliminated as a result of an internal reorganization (See Note 4, “Income Taxes,” for further discussion). In
previous periods, this investment eliminated upon consolidation.
In fiscal 2005 and 2004, sales to Tech Data Corporation, a distributor for both reportable segments,
accounted for 12% and 11% of Autodesk’s consolidated net revenues, respectively. No single customer accounted
for more than 10% of consolidated net revenues in fiscal 2003.
Note 12. Comprehensive Income
The changes in the components of other comprehensive income, net of taxes, were as follows:
Fiscal year ended January 31,
2005 2004 2003
(In thousands)
Net income................................................. $221,508 $120,316 $ 31,904
Net unrealized gains on available-for-sale securities:
Change in net unrealized gains on available-for-sale
securities, net of tax benefit (charge) of $777 in 2005,
$292 in 2004 and $(1,288) in 2003 ..................... (1,217) (457) 2,016
Less: net unrealized gains reclassified into earnings,
net of tax charge of $206 in 2005, $641 in 2004
and $806 in 2003...................................... 322 1,003 1,263
Change in net unrealized gains .......................... (1,539) (1,460) 753
Net change in cumulative foreign currency translation
adjustment............................................... 3,450 8,274 7,651
Comprehensive income .................................... $223,419 $127,130 $40,308
AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 11. Segments (Continued)
72