Autodesk 2016 Annual Report Download - page 130
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2016 Form 10-K 58
Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures
(In millions except for year-over-year changes, gross margin, operating margin, and per share data):
Fiscal Year Ended
January 31,
2016 2015 2014
(Unaudited)
Year-over-year change in total net revenue — % 10 % (2)%
Change in deferred revenue 4 % 8 % (2)%
Change in hedge gain applicable to billings (1) 1% —% —%
Change in acquisition related deferred revenue and other —% —% —%
Year-over-year change in total net billings 5 % 18 % (4)%
Year-over-year change in net subscription revenue 9 % 15 % 7 %
Change in deferred subscription revenue 5 % 10 % (7)%
Change in hedge gain applicable to subscription billings (1) 1% —% —%
Change in acquisition related deferred subscription revenue and other 1 % (3)% (1)%
Year-over-year change in net subscription billings (1) 16 % 22 % (1)%
Gross profit $ 2,133.4 $ 2,170.1 $ 1,999.6
Stock-based compensation expense 11.8 8.9 6.0
Amortization of developed technologies 49.0 53.2 44.2
Non-GAAP gross profit $ 2,194.2 $ 2,232.2 $ 2,049.8
Gross margin 85 % 86 % 88 %
Stock-based compensation expense 1% 1% —%
Amortization of developed technologies 2% 2% 2%
Non-GAAP gross margin 88 % 89 % 90 %
Income from operations $ 1.3 $ 120.7 $ 284.8
Stock-based compensation expense 197.2 165.6 132.2
Amortization of developed technologies 49.0 53.2 44.2
Amortization of purchased intangibles 33.2 39.8 36.5
Restructuring charges, net — 3.1 12.8
Non-GAAP income from operations $ 280.7 $ 382.4 $ 510.5
Operating margin —% 5% 13%
Stock-based compensation expense 8% 7% 6%
Amortization of developed technologies 2% 2% 2%
Amortization of purchased intangibles 1% 1% 1%
Restructuring charges, net —% —% —%
Non-GAAP operating margin 11 % 15 % 22 %
Net (loss) income $ (330.5) $ 81.8 $ 228.8
Stock-based compensation expense 197.2 165.6 132.2
Amortization of developed technologies 49.0 53.2 44.2
Amortization of purchased intangibles 33.2 39.8 36.5
Restructuring charges, net — 3.1 12.8
Loss on strategic investments (3.7) 23.3 1.8
Establishment of valuation allowance on deferred tax assets 230.9 — —
Discrete tax provision items 0.8 (18.7) (10.2)
Income tax effect of non-GAAP adjustments 17.2 (75.8) (60.5)
Non-GAAP net income $ 194.1 $ 272.3 $ 385.6
2016 Annual Report