Autodesk 2015 Annual Report Download - page 143

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2015 Form 10-K 51
potential and performance for management by excluding certain expenses and charges that may not be indicative of our core
business operating results. For the reasons set forth below, we believe these non-GAAP financial measures are useful to investors
both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational
decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health
of our business. This allows investors and others to better understand and evaluate our operating results and future prospects in
the same manner as management, compare financial results across accounting periods and to those of peer companies and to better
understand the long-term performance of our core business. We also use some of these measures for purposes of determining
company-wide incentive compensation.
There are limitations in using non-GAAP financial measures because non-GAAP financial measures are not prepared in
accordance with GAAP and may be different from non-GAAP financial measures used by other companies. The non-GAAP
financial measures included above are limited in value because they exclude certain items that may have a material impact upon
our reported financial results. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by
management about which charges are excluded from the non-GAAP financial measures. We compensate for these limitations by
analyzing current and future results on a GAAP basis as well as a non-GAAP basis and also by providing GAAP measures in our
public disclosures. The presentation of non-GAAP financial information is meant to be considered in addition to, not as a substitute
for or in isolation from, the directly comparable financial measures prepared in accordance with GAAP. We urge investors to
review the reconciliation of our non-GAAP financial measures to the comparable GAAP financial measures included below, and
not to rely on any single financial measure to evaluate our business.
2015 Annual Report