Autodesk 2008 Annual Report Download - page 162

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 15. Quarterly Financial Information (Unaudited)
Summarized quarterly financial information for fiscal 2008 and 2007 is as follows:
2008 1st quarter 2nd quarter 3rd quarter 4th quarter Fiscal year
Net revenue:
License and other ............................ $383.2 $393.6 $395.8 $446.0 $1,618.6
Maintenance ................................ 125.3 132.3 142.6 153.1 553.3
Total net revenue ........................ 508.5 525.9 538.4 599.1 2,171.9
Costs and expenses:
Cost of license and other revenue ................ 50.4 49.6 49.7 48.6 198.3
Cost of maintenance revenue ................... 2.2 2.3 1.9 2.2 8.6
Marketing and sales .......................... 192.5 198.8 208.9 242.5 842.7
Research and development ..................... 114.7 114.9 123.2 132.5 485.3
General and administrative ..................... 47.3 45.8 49.1 49.2 191.4
Total costs and expenses .................. 407.1 411.4 432.8 475.0 1,726.3
Income from operations ........................... 101.4 114.5 105.6 124.1 445.6
Interest and other income, net ...................... 9.8 3.4 4.4 6.8 24.4
Income before income taxes ........................ 111.2 117.9 110.0 130.9 470.0
Income tax (provision) benefit ...................... (27.9) (26.3) (25.2) (34.4) (113.8)
Net income ..................................... $ 83.3 $ 91.6 $ 84.8 $ 96.5 $ 356.2
Basic net income per share ......................... $ 0.36 $ 0.40 $ 0.37 $ 0.42 $ 1.55
Diluted net income per share ....................... $ 0.34 $ 0.38 $ 0.35 $ 0.40 $ 1.47
Shares used in computing basic net income per share .... 231.2 230.3 229.4 230.2 230.3
Shares used in computing diluted net income per share . . 243.8 243.0 239.9 239.4 242.0
2007 1st quarter 2nd quarter 3rd quarter 4th quarter Fiscal year
Net revenue:
License and other ............................ $349.4 $345.5 $346.3 $374.7 $1,415.9
Maintenance ................................ 86.6 104.1 110.5 122.7 423.9
Total net revenue ........................ 436.0 449.6 456.8 497.4 1,839.8
Costs and expenses:
Cost of license and other revenue ................ 47.5 53.6 54.5 52.3 207.9
Cost of maintenance revenue ................... 2.4 2.2 1.8 2.3 8.7
Marketing and sales .......................... 170.4 167.5 177.1 181.1 696.1
Research and development ..................... 99.4 98.0 108.9 100.0 406.3
General and administrative ..................... 57.0 26.2 45.9 42.0 171.1
Total costs and expenses .................. 376.7 347.5 388.2 377.7 1,490.1
Income from operations ........................... 59.3 102.1 68.6 119.7 349.7
Interest and other income, net ...................... 3.5 2.8 6.0 4.5 16.8
Income before income taxes ........................ 62.8 104.9 74.6 124.2 366.5
Income tax (provision) benefit ...................... (14.3) (18.1) (16.6) (27.8) (76.8)
Net income ..................................... $ 48.5 $ 86.8 $ 58.0 $ 96.4 $ 289.7
Basic net income per share ......................... $ 0.21 $ 0.38 $ 0.25 $ 0.42 $ 1.26
Diluted net income per share ....................... $ 0.20 $ 0.36 $ 0.24 $ 0.40 $ 1.19
Shares used in computing basic net income per share .... 230.3 230.5 230.9 231.2 230.7
Shares used in computing diluted net income per share . . 244.7 243.1 242.0 243.9 243.2
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