Autodesk 2015 Annual Report Download - page 144
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2015 Form 10-K 52
Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures
(In millions except for gross margin, operating margin, and per share data):
Fiscal Year Ended
January 31,
2015 2014 2013
(Unaudited)
Gross profit $ 2,170.1 $ 1,999.6 $ 2,073.7
Stock-based compensation expense 8.9 6.0 5.2
Amortization of developed technologies 53.2 44.2 39.7
Non-GAAP gross profit $ 2,232.2 $ 2,049.8 $ 2,118.6
Gross margin 86% 88% 90%
Stock-based compensation expense 1% —% —%
Amortization of developed technologies 2% 2% 2%
Non-GAAP gross margin 89% 90% 92%
Income from operations $ 120.7 $ 284.8 $ 305.9
Stock-based compensation expense 165.6 132.2 156.3
Amortization of developed technologies 53.2 44.2 39.7
Amortization of purchased intangibles 39.8 36.5 42.1
Restructuring charges, net 3.1 12.8 43.9
Non-GAAP income from operations $ 382.4 $ 510.5 $ 587.9
Operating margin 5% 13% 13%
Stock-based compensation expense 7% 6% 7%
Amortization of developed technologies 2% 2% 2%
Amortization of purchased intangibles 1% 1% 1%
Restructuring charges, net —% —% 2%
Non-GAAP operating margin 15% 22% 25%
Net income $ 81.8 $ 228.8 $ 247.4
Stock-based compensation expense 165.6 132.2 156.3
Amortization of developed technologies 53.2 44.2 39.7
Amortization of purchased intangibles 39.8 36.5 42.1
Restructuring charges, net 3.1 12.8 43.9
Loss on strategic investments (1) 23.3 1.8 4.0
Discrete tax provision items (18.7) (10.2) (26.7)
Income tax effect of non-GAAP adjustments (75.8) (60.5) (56.7)
Non-GAAP net income $ 272.3 $ 385.6 $ 450.0
Diluted net income per share (2) $ 0.35 $ 1.00 $ 1.07
Stock-based compensation expense 0.71 0.57 0.67
Amortization of developed technologies 0.23 0.19 0.18
Amortization of purchased intangibles 0.17 0.16 0.18
Restructuring charges, net 0.01 0.06 0.18
Loss on strategic investments (1) 0.10 — 0.02
Discrete tax provision items (0.08) (0.04) (0.12)
Income tax effect of non-GAAP adjustments (0.32) (0.26) (0.24)
Non-GAAP diluted net income per share (2) $ 1.17 $ 1.68 $ 1.94
2015 Annual Report