Autodesk 2011 Annual Report Download - page 159

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 17. Selected Quarterly Financial Information (Unaudited)
Summarized quarterly financial information for fiscal 2011 and 2010 is as follows:
2011 1st quarter 2nd quarter 3rd quarter 4th quarter Fiscal year
Net revenue ................................. $474.6 $472.8 $476.7 $527.7 $1,951.8
Gross profit .................................. 423.3 424.4 428.2 479.3 1,755.2
Income from operations ........................ 50.8 79.8 69.2 71.6 271.4
Provision for income taxes ...................... (10.5) (20.0) (18.1) (11.4) (60.0)
Net income .................................. 36.9 59.9 53.6 61.6 212.0
Basic net income per share ...................... $ 0.16 $ 0.26 $ 0.24 $ 0.27 $ 0.93
Diluted net income per share .................... $ 0.16 $ 0.25 $ 0.23 $ 0.26 $ 0.90
Income from operations includes the following
items:
Stock-based compensation expense ............... $ 24.3 $ 21.0 $ 17.0 $ 18.4 $ 80.7
Amortization of acquisition related intangibles ...... 13.9 13.6 14.1 14.3 55.9
Restructuring charges .......................... 7.1 1.9 — 1.8 10.8
2010 1st quarter 2nd quarter 3rd quarter 4th quarter Fiscal year
Net revenue ................................. $425.8 $414.9 $416.9 $456.1 $1,713.7
Gross profit .................................. 373.5 364.8 371.9 411.7 1,521.9
Income (loss) from operations ................... (19.4) 2.7 26.3 56.0 65.6
Provision for income taxes ...................... (12.7) (2.9) (2.5) (8.6) (26.7)
Net income (loss) ............................. (32.1) 10.5 29.5 50.1 58.0
Basic net income (loss) per share ................. $(0.14) $ 0.05 $ 0.13 $ 0.22 $ 0.25
Diluted net income (loss) per share ............... $(0.14) $ 0.05 $ 0.13 $ 0.21 $ 0.25
Income from operations includes the following
items:
Stock-based compensation expense ............... $ 23.0 $ 21.4 $ 30.3 $ 18.9 $ 93.6
Amortization of acquisition related intangibles ...... 14.7 15.0 15.1 13.6 58.4
Restructuring charges .......................... 16.5 26.4 4.9 0.4 48.2
Impairment of goodwill ........................ 21.0 — — — 21.0
Provision for income taxes includes the following
item:
Establishment of valuation allowance on deferred tax
assets ..................................... $(21.0) $ — $ — $ — $ (21.0 )
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