Autodesk 2007 Annual Report Download - page 157
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97
2007 Annual Report
AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 2. Restatement of Consolidated Financial Statements (Continued)
The following table presents the effects of the net revenues, stock-based compensation and related
tax adjustments made to the Company’s previously reported consolidated statements of income (in
millions, except per share data):
Fiscal year ended January 31, 2006 Fiscal year ended January 31, 2005
As Reported Adjustments As Restated As Reported Adjustments As Restated
Net revenues:
License and other. . . . . . . . . . . . . $1,246.7 $ 15.1 $ 1,261.8 $ 1,057.1 $ 8.2 $ 1,065.3
Maintenance . . . . . . . . . . . . . . . . . 276.5 (1.1) 275.4 176.7 (3.1) 173.6
Total net revenues . . . . . . . . . . 1,523.2 14.0 1,537.2 1,233.8 5.1 1,238.9
Costs and expenses:
Cost of license and
other revenues . . . . . . . . . . . . . 157.8 0.2 158.0 152.5 0.2 152.7
Cost of maintenance revenues . 13.1 — 13.1 17.0 — 17.0
Marketing and sales. . . . . . . . . . . 553.8 2.2 556.0 461.9 2.8 464.7
Research and development . . . . 301.6 1.6 303.2 239.4 2.1 241.5
General and administrative . . . . 127.1 1.3 128.4 101.4 3.2 104.6
Restructuring . . . . . . . . . . . . . . . . — — — 26.7 — 26.7
Total costs and expenses . . . . 1,153.4 5.3 1,158.7 998.9 8.3 1,007.2
Income from operations. . . . . . . . . 369.8 8.7 378.5 234.9 (3.2) 231.7
Interest and other income, net . . . 13.2 — 13.2 11.4 — 11.4
Income before income taxes . . . . . 383.0 8.7 391.7 246.3 (3.2) 243.1
Income tax (provision) benefit . . . (54.1) (4.0) (58.1) (24.8) 2.8 (22.0)
Net income . . . . . . . . . . . . . . . . . . . . $ 328.9 $ 4.7 $ 333.6 $ 221.5 $ (0.4) $ 221.1
Basic net income per share . . . . . . $ 1.44 $0.02 $ 1.46 $ 0.98 $ (0.01) $ 0.97
Diluted net income per share . . . . $ 1.33 $ 0.02 $ 1.35 $ 0.90 $ (0.00) $ 0.90
Shares used in computing basic
net income per share. . . . . . . . . . 229.0 — 229.0 227.0 — 227.0
Shares used in computing diluted
net income per share. . . . . . . . . . 247.5 — 247.5 247.0 — 247.0
The following table presents the effects of the net revenues, stock-based compensation and related
tax adjustments made to the Company’s previously reported consolidated balance sheet as of January 31,
2006 (in millions):