Autodesk 2015 Annual Report Download - page 155

2015 Form 10-K 63
AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
January 31, 2015
(Tables in millions of dollars, except per share data, unless otherwise indicated)
1. Business and Summary of Significant Accounting Policies
Business
Autodesk, Inc. (“Autodesk” or the “Company”) is a world leading design software and services company, offering
customers productive business solutions through powerful technology products and services. The Company serves customers in
the architecture, engineering, and construction; manufacturing; and digital media, consumer, and entertainment industries. The
Company’s sophisticated software products enable its customers to experience their ideas before they are real by allowing them
to imagine, design, and create their ideas and to visualize, simulate, and analyze real-world performance early in the design
process by creating digital prototypes. These capabilities allow Autodesk’s customers to foster innovation, optimize and
improve their designs, help save time and money, improve quality, and collaborate with others. Autodesk software products are
sold globally, both directly to customers and through a network of resellers and distributors.
Principles of Consolidation
The accompanying consolidated financial statements include the accounts of Autodesk and its wholly-owned subsidiaries.
All significant intercompany accounts and transactions have been eliminated.
Reclassifications
During the first quarter of fiscal 2014, Autodesk combined maintenance revenue and cloud services offering-related
revenue into one category named “Subscription.” As a result, revenue and cost of revenue related to cloud service offerings
previously reflected in “License and other revenue” and “Cost of license and other revenue” were reclassified to “Subscription
revenue” and “Cost of subscription revenue.” These revenues and expenses have been reclassified in the Consolidated
Statements of Operations for fiscal year 2013 to conform to the current period presentation as follows:
Fiscal year ended January 31,
2013
Reclassifications within revenue:
Decrease to License and other revenue $ (26.5)
Increase to Subscription revenue 26.5
Reclassifications within cost of revenue:
Decrease to Cost of license and other revenue $ (32.1)
Increase to Cost of subscription revenue 32.1
During the second quarter of fiscal 2015, Autodesk elected to present amortization of purchased customer relationships,
trade names, patents, and user lists as a separate line item within operating expenses. As a result, amortization previously
reflected in “General and Administrative” expense was reclassified to “Amortization of Purchased Intangibles" within
Operating Expenses. These expenses have been reclassified in the Consolidated Statements of Operations for fiscal years 2014
and 2013 to conform to the current period presentation as follows:
Fiscal year ended
January 31,
2014 2013
Reclassifications within operating expenses:
(Decrease) to general and administrative $ (36.5) $ (42.1)
Increase to amortization of purchased intangibles 36.5 42.1
2015 Annual Report