Autodesk 2007 Annual Report Download - page 93

33
2007 Annual Report
Fiscal Year Ended January 31, 2003
As Reported Adjustments
As
Restated
For the Fiscal Year
Net revenues.......................................... $824.9 $ — $824.9
Income from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.0 (4.6) 20.4
Net income ........................................... 31.9 (4.2) 27.7
At Year End
Total assets ........................................... 883.7 — 883.7
Long-term liabilities.................................... 4.4 0.5 4.9
Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 569.2 (0.5) 568.7
Common Stock Data
Basic net income per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.14 $(0.02) $ 0.12
Diluted net income per share . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.14 (0.02) 0.12
Dividends paid per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.06 — 0.06
(3) Under Statement of Financial Accounting Standards No. 123—revised 2004, “Share-Based Payment,”
(“SFAS No. 123R”) net income for fiscal 2007 includes stock-based compensation expense of
$94.3 million. Results for fiscal 2007 also include amortization of acquisition-related intangibles of
$14.4 million. In addition, results for fiscal 2007 also include litigation expenses related to a patent
infringement lawsuit of $5.0 million.
(4) Fiscal 2005, 2004, and 2003 results include restructuring charges of $26.7 million, $3.2 million and
$25.9 million, respectively. See Note 6, “Restructuring Reserves,” in the Notes to Consolidated
Financial Statements for further discussion.
(5) Fiscal 2007, 2006, 2005, 2004 and 2003 results include net tax benefits of $15.1 million, $19.4 million,
$26.8 million, $26.7 million and $4.2 million, respectively. See Note 4, “Income Taxes,” in the Notes to
Consolidated Financial Statements for further discussion.
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS
The discussion in our MD&A contains trend analyses and other forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking statements consist of, among other things, statements regarding our strategies and growth
initiatives, net revenues, the effect of fluctuations in exchange rates on net revenues and expenses, costs and
expenses, planned product retirement and annual release cycles, our expectations regarding product acceptance,
the realization of deferred tax benefits, continuation of our share repurchase program, and short-term and
long-term cash requirements, as well as statements involving trend analyses and statements including such
words as “we expect,” “we believe” and “plan” and similar expressions. These forward-looking statements are
subject to business and economic risks. As such, our actual results could differ materially from those set forth in
the forward-looking statements as a result of the factors set forth above in Item 1A, “Risk Factors,” and in our
other reports filed with the Securities and Exchange Commission. We do not assume any obligation to update
the forward-looking statements provided to reflect events that occur or circumstances that exist after the date
on which they were made.