Autodesk 2009 Annual Report Download - page 170

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 16. Selected Quarterly Financial Information (Unaudited)
Summarized quarterly financial information for fiscal 2009 and 2008 is as follows:
2009 1st quarter 2nd quarter 3rd quarter 4th quarter Fiscal year
Net revenue ................................ $598.8 $619.5 $607.1 $ 489.8 $2,315.2
Gross profit ................................ 540.8 559.8 554.2 441.3 2,096.1
Income (loss) before income taxes .............. 126.8 125.1 136.2 (135.6) 252.5
Net income (loss) ........................... 94.6 89.8 104.5 (105.3) 183.6
Basic net income (loss) per share ............... $ 0.42 $ 0.40 $ 0.46 $ (0.47) $ 0.81
Diluted net income (loss) per share ............. $ 0.41 $ 0.39 $ 0.45 $ (0.47) $ 0.80
2008 1st quarter 2nd quarter 3rd quarter 4th quarter Fiscal year
Net revenue ................................ $508.5 $525.9 $538.4 $ 599.1 $2,171.9
Gross profit ................................ 455.6 473.8 486.6 548.2 1,964.2
Income (loss) before income taxes .............. 111.1 117.9 110.0 131.0 470.0
Net income (loss) ........................... 83.2 91.6 84.8 96.6 356.2
Basic net income (loss) per share ............... $ 0.36 $ 0.40 $ 0.37 $ 0.42 $ 1.55
Diluted net income (loss) per share ............. $ 0.34 $ 0.38 $ 0.35 $ 0.40 $ 1.47
Results for the fourth quarter of fiscal 2009 include a $128.9 million charge for goodwill and intangibles
impairment, and a $40.2 million charge for restructuring. Results for the first, second, third and fourth quarters of
fiscal 2009 include amortization of acquisition-related intangibles of $6.5 million, $28.5 million, $14.8 million
and $23.7 million, respectively. Autodesk also recognized income tax benefits of $6.1 million during the fourth
quarter of fiscal 2009 from closure of income tax audits and other decreases in FIN 48 reserves.
Results for the first, second, third and fourth quarters of fiscal 2008 include amortization of acquisition-
related intangibles of $4.0 million, $5.1 million, $8.0 million and $8.6 million, respectively. During the first and
fourth quarters of fiscal 2008, Autodesk recorded $12.0 million and $1.7 million, respectively, of employee tax
expense related to its voluntary review of historical stock option grant practices. Autodesk also recognized an
income tax benefit of $2.1 million during the third quarter of fiscal 2008 from prior year audit closures.
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