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2013 Annual Report
2014 Form 10-K 57
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
AUTODESK, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data)
Fiscal year ended January 31,
2014 2013 2012
Net revenue:
License and other $ 1,254.9 $ 1,364.1 $ 1,334.4
Subscription 1,019.0 948.1 881.2
Total net revenue 2,273.9 2,312.2 2,215.6
Cost of revenue:
Cost of license and other revenue 178.7 166.0 166.6
Cost of subscription revenue 95.6 72.5 62.5
Total cost of revenue 274.3 238.5 229.1
Gross profit 1,999.6 2,073.7 1,986.5
Operating expenses:
Marketing and sales 842.6 875.5 842.6
Research and development 611.1 600.0 566.5
General and administrative 248.3 248.4 223.1
Restructuring charges (benefits), net 12.8 43.9 (1.3)
Total operating expenses 1,714.8 1,767.8 1,630.9
Income from operations 284.8 305.9 355.6
Interest and other (expense) income, net (4.9) 4.1 7.3
Income before income taxes 279.9 310.0 362.9
Provision for income taxes (51.1) (62.6) (77.6)
Net income $ 228.8 $ 247.4 $ 285.3
Basic net income per share $ 1.02 $ 1.09 $ 1.25
Diluted net income per share $ 1.00 $ 1.07 $ 1.22
Weighted average shares used in computing basic net income per share 224.0 226.4 227.7
Weighted average shares used in computing diluted net income per share 229.6 231.7 233.3
See accompanying Notes to Consolidated Financial Statements.