Autodesk 2007 Annual Report Download - page 126

66
2nd quarter 1st quarter
As Reported Adjustments (1) As Restated As Reported Adjustments (1) As Restated
ASSETS
Current assets:
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . $ 478.7 $ — $ 478.7 $ 518.1 $ — $ 518.1
Marketable securities. . . . . . . . . . . . . . . . . . . . . . . . 42.8 — 42.8 19.7 — 19.7
Accounts receivable, net . . . . . . . . . . . . . . . . . . . . . 202.4 — 202.4 190.2 — 190.2
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.3 — 14.3 14.7 — 14.7
Deferred income taxes. . . . . . . . . . . . . . . . . . . . . . . 43.3 — 43.3 25.6 — 25.6
Prepaid expenses and other current assets. . . . . 24.5 — 24.5 28.4 — 28.4
Total current assets . . . . . . . . . . . . . . . . . . . . . . 806.0 — 806.0 796.7 — 796.7
Computer equipment, software, furniture and
leasehold improvements, net. . . . . . . . . . . . . . . . . 61.1 — 61.1 65.6 — 65.6
Purchased technologies, net . . . . . . . . . . . . . . . . . . . . 16.2 — 16.2 10.3 — 10.3
Goodwill. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 188.7 — 188.7 172.4 — 172.4
Deferred income taxes, net . . . . . . . . . . . . . . . . . . . . . 93.0 (4.4) 88.6 116.8 (3.0) 113.8
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.9 — 16.9 15.8 — 15.8
$1,181.9 $ (4.4) $ 1,177.5 $1,177.6 $ (3.0) $ 1,174.6
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 62.7 $ — $ 62.7 $ 61.2 $ — $ 61.2
Accrued compensation . . . . . . . . . . . . . . . . . . . . . . 89.1 — 89.1 72.9 — 72.9
Accrued income taxes . . . . . . . . . . . . . . . . . . . . . . . 22.8 — 22.8 53.7 — 53.7
Deferred revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . 206.3 (12.9) 193.4 202.1 (9.1) 193.0
Other accrued liabilities . . . . . . . . . . . . . . . . . . . . . 54.2 — 54.2 47.0 — 47.0
Total current liabilities. . . . . . . . . . . . . . . . . . . . 435.1 (12.9) 422.2 436.9 (9.1) 427.8
Deferred revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.2 — 25.2 20.0 — 20.0
Other liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.3 1.6 10.9 9.9 1.6 11.5
Commitments and contingencies (Note 8) . . . . . . . — — — — — —
Stockholders’ equity:
Preferred stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — —
Common stock and additional paid-in capital . . 689.9 29.4 719.3 664.7 30.1 694.8
Accumulated other comprehensive loss . . . . . . . (8.5) — (8.5) (3.3) — (3.3)
Deferred compensation. . . . . . . . . . . . . . . . . . . . . . (0.4) (6.4) (6.8) (0.1) (8.1) (8.2)
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . 31.3 (16.1) 15.2 49.5 (17.5) 32.0
Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . 712.3 6.9 719.2 710.8 4.5 715.3
$1,181.9 $ (4.4) $ 1,177.5 $1,177.6 $ (3.0) $ 1,174.6
(1) See Note 2, “Restatement of Consolidated Financial Statements.”
The net of tax impact of the stock-based compensation adjustments in the first quarter of fiscal 2007
was insignificant. However, we restated our Consolidated Balance Sheet as of January 31, 2006 to properly
reflect Retained Earnings, Common Stock and Deferred Compensation balances as a result of previous
period adjustments. Please refer to Note 2. “Restatement of Consolidated Financial Statements” in the
Notes to Consolidated Financial Statements. In addition, we have restated the pro forma expense under
Statement of Financial Accounting Standards No. 123 (“SFAS 123”) in Part II, Item 8, Note 1, “Business and
Summary of Significant Accounting Policies,” in the Notes to Consolidated Financial Statements to include
these adjustments for the years ended January 31, 2006 and January 31, 2005.