Autodesk 2007 Annual Report Download - page 63

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2007 Annual Report
FORWARDLOOKING INFORMATION
This Annual Report on Form 10-K contains forward-looking statements that are subject to assumptions,
risks and uncertainties, many of which are discussed throughout this Annual Report, under Item 1A,”Risk
Factors,” and elsewhere. Actual results may vary from those projected in the forward-looking statements.
Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot
guarantee future results, levels of activity, performance or achievements. If our assumptions about the future
do not materialize or prove to be incorrect, the results could differ materially from those expressed or implied
by such forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking
statements, which speak only as of the date of this Annual Report on Form 10-K. A forward-looking statement
is any statement that looks to future events, including any statements regarding the markets for our products
or the success of our products in these markets, as well as any statements of expectation, plans, strategies and
objectives of management for the future and any statement of assumptions underlying any of the foregoing. In
some cases, you can identify a forward looking statement by such terms as “may,” “believe,” “could,” “anticipate,”
“would,” “might,” “plan,” “expect,” and similar expressions or the negative of these terms or other comparable
terminology. We assume no obligation to update these forward-looking statements to reflect events that occur
or circumstances that exist after the date on which they were made.
EXPLANATORY NOTE
In this Form 10-K, Autodesk, Inc. (“Autodesk”) is restating its consolidated balance sheet as of
January 31, 2006, the related consolidated statements of income, stockholders’ equity, and cash flows for
each of the fiscal years ended January 31, 2006 and 2005, and each of the quarters in fiscal 2006 as a result
of a voluntary review of Autodesk’s historical stock option granting practices and related accounting
issues. This restatement is more fully described in “Restatement of Consolidated Financial Statements,”
in Note 2 of the Notes to Consolidated Financial Statements and in Item 7, “Management’s Discussion and
Analysis of Financial Condition and Results of Operations.”
This Form 10-K also reflects the restatement of “Selected Consolidated Financial Data” in Item 6 for
the four consecutive fiscal years in the period ended January 31, 2006, and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” in Item 7 for the fiscal years ended January 31,
2006 and 2005.
Previously filed annual reports on Form 10-K and quarterly reports on Form 10-Q prior to fiscal 2007
have been affected by the restatements, have not been amended and should not be relied on.
In connection with the restatement of our consolidated financial statements, we applied judgment
in choosing whether to revise measurement dates for prior option grants. In addition, if we determined
that a measurement date needed to be revised, judgment was applied in determining the appropriate
measurement date.
During the period of the voluntary stock option review, we determined that we incorrectly recorded
certain credits to resellers. As a result, adjustments were made to increase net revenues and decrease
deferred revenue in non-material amounts for fiscal years 2006 and 2005.