Autodesk 2007 Annual Report Download - page 124

Download and view the complete annual report

Please find page 124 of the 2007 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 244

  • 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
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244

64
The following tables present the effects of adjustments made to our previously reported quarterly
financial information as of January 31, 2006 (in millions, except per share data):
2006 4th quarter 3rd quarter
As Reported Adjustments (1) As Restated As Reported Adjustments (1) As Restated
Net revenues:
License and other . . . . . . . . . . . . . . . . . . $ 336.5 $ 4.3 $340.8 $ 304.4 $ 4.3 $308.7
Maintenance. . . . . . . . . . . . . . . . . . . . . . . 80.3 (1.3) 79.0 73.9 (1.1) 72.8
Total net revenues . . . . . . . . . . . . . . 416.8 3.0 419.8 378.3 3.2 381.5
Costs and expenses:
Cost of license and other revenues. . . 38.5 0.1 38.6 40.8 0.1 40.9
Cost of maintenance revenues. . . . . . . 2.0 — 2.0 1.6 — 1.6
Marketing and sales . . . . . . . . . . . . . . . . 156.0 0.5 156.5 136.4 0.5 136.9
Research and development. . . . . . . . . . 88.7 0.3 89.0 74.0 0.3 74.3
General and administrative. . . . . . . . . . 34.3 1.1 35.4 32.5 0.1 32.6
Restructuring . . . . . . . . . . . . . . . . . . . . . . — — — — — —
Total costs and expenses. . . . . . . . . 319.5 2.0 321.5 285.3 1.0 286.3
Income from operations. . . . . . . . . . . . . . . 97.3 1.0 98.3 93.0 2.2 95.2
Interest and other income, net . . . . . . . . . 4.2 — 4.2 3.2 — 3.2
Income before income taxes . . . . . . . . . . . 101.5 1.0 102.5 96.2 2.2 98.4
Income tax (provision) benefit . . . . . . . . . (18.5) (0.6) (19.1) (1.7) (1.0) (2.7)
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . $ 83.0 $ 0.4 $ 83.4 $ 94.5 $ 1.2 $ 95.7
Basic net income per share . . . . . . . . . . . . $ 0.36 $ — $ 0.36 $ 0.41 $ 0.01 $ 0.42
Diluted net income per share . . . . . . . . . . $ 0.33 $ — $ 0.33 $ 0.38 $ — $ 0.38
Shares used in computing basic net
income per share. . . . . . . . . . . . . . . . . . . 229.7 — 229.7 229.6 — 229.6
Shares used in computing diluted net
income per share. . . . . . . . . . . . . . . . . . . 251.5 — 251.5 249.5 — 249.5
2nd quarter 1st quarter
As Reported Adjustments (1) As Restated As Reported Adjustments (1) As Restated
Net revenues:
License and other . . . . . . . . . . . . . . . . . . $309.4 $ 3.5 $ 312.9 $ 296.4 $ 3.0 $299.4
Maintenance. . . . . . . . . . . . . . . . . . . . . . . 63.6 0.3 63.9 58.7 1.0 59.7
Total net revenues . . . . . . . . . . . . . . 373.0 3.8 376.8 355.1 4.0 359.1
Costs and expenses:
Cost of license and other revenues. . . 39.8 — 39.8 38.7 — 38.7
Cost of maintenance revenues. . . . . . . 4.7 — 4.7 4.8 — 4.8
Marketing and sales . . . . . . . . . . . . . . . . 134.0 0.6 134.6 127.4 0.6 128.0
Research and development. . . . . . . . . . 73.0 0.5 73.5 65.9 0.5 66.4
General and administrative. . . . . . . . . . 32.6 0.2 32.8 27.7 (0.1) 27.6
Restructuring . . . . . . . . . . . . . . . . . . . . . . — — — — — —
Total costs and expenses. . . . . . . . . 284.1 1.3 285.4 264.5 1.0 265.5
Income from operations. . . . . . . . . . . . . . . 88.9 2.5 91.4 90.6 3.0 93.6
Interest and other income, net . . . . . . . . . 2.8 — 2.8 3.0 — 3.0
Income before income taxes . . . . . . . . . . . 91.7 2.5 94.2 93.6 3.0 96.6
Income tax (provision) benefit . . . . . . . . . (16.4) (1.1) (17.5) (17.5) (1.3) (18.8)
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . $ 75.3 $ 1.4 $ 76.7 $ 76.1 $ 1.7 $ 77.8
Basic net income per share . . . . . . . . . . . . $ 0.33 $ 0.01 $ 0.34 $ 0.33 $ 0.01 $ 0.34
Diluted net income per share . . . . . . . . . . $ 0.30 $ 0.01 $ 0.31 $ 0.31 $ — $ 0.31
Shares used in computing basic net
income per share. . . . . . . . . . . . . . . . . . . 228.7 — 228.7 227.7 — 227.7
Shares used in computing diluted net
income per share. . . . . . . . . . . . . . . . . . . 250.3 — 250.3 249.3 — 249.3
(1) See Note 2. “Restatement of Consolidated Financial Statement.”