Autodesk 2007 Annual Report Download - page 165

105
2007 Annual Report
AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 4. Income Taxes
The provision for income taxes consists of the following:
Fiscal year ended January 31,
2007 2006 2005
As Restated (1) As Restated (1)
Federal:
Current.............................. $ — $ 1.2 $ 2.9
Deferred............................. 38.9 45.2 (5.5)
State:
Current.............................. 1.3 7.1 8.5
Deferred............................. (1.0) (1.3) (3.1)
Foreign:
Current.............................. 27.5 17.6 12.4
Deferred............................. 10.1 (11.7) 6.8
$76.8 $ 58.1 $22.0
(1) See Note 2, “Restatement of Consolidated Financial Statements,” in Notes to Consolidated Financial
Statements.
Pursuant to SFAS 123R, footnote 82, the Company has not recorded fiscal year 2007 excess stock option
tax benefits of $42.3 million to additional paid-in capital. The amount will be recorded into equity when it
reduces cash taxes payable. The tax benefit recognized as a credit to additional paid-in capital associated with
dispositions from employee stock plans was $124.6 million in fiscal 2006 and $112.5 million in fiscal 2005. Foreign
pretax income was $354.1 million in fiscal 2007, $276.2 million in fiscal 2006 and $183.5 million in fiscal 2005.