Autodesk 2016 Annual Report Download - page 134

2016 Form 10-K 62
Contractual Obligations
The following table summarizes our significant financial contractual obligations at January 31, 2016 and the effect such
obligations are expected to have on our liquidity and cash flows in future periods.
Total Fiscal 2017
Fiscal Years
2018-2019
Fiscal Years
2020-2021 Thereafter
(in millions)
Notes $ 1,785.9 $ 47.6 $ 486.4 $ 520.8 $ 731.1
Operating lease obligations 252.7 60.5 96.8 44.2 51.2
Purchase obligations 100.2 75.1 21.0 4.1 —
Deferred compensation obligations 38.0 1.9 4.5 5.5 26.1
Pension obligations 37.6 3.9 7.6 7.0 19.1
Asset retirement obligations 11.1 1.6 7.5 1.7 0.3
Total (1) $ 2,225.5 $ 190.6 $ 623.8 $ 583.3 $ 827.8
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(1) This table generally excludes amounts already recorded on the balance sheet as current liabilities, certain purchase obligations as
discussed below, long term deferred revenue, and amounts related to income tax liabilities for uncertain tax positions, since we cannot
predict with reasonable reliability the timing of cash settlements to the respective taxing authorities (see Note 4, “Income Taxes” to the
Notes to Consolidated Financial Statements).
Notes consist of the Senior Notes issued in December 2012 and June 2015. The 2012 Senior Notes consist of $400.0
million aggregate principal amount of 1.95% senior notes due December 15, 2017 notes and $350.0 million aggregate principal
amount of 3.6% senior notes due December 15, 2022. The 2015 Senior Notes consist of $450.0 million aggregate principal
amount of 3.125% senior notes due June 15, 2020 and $300.0 million aggregate principal amount of 4.375% senior notes due
June 15, 2025.
Operating lease obligations consist primarily of obligations for facilities, net of sublease income, computer equipment
and other equipment leases.
Purchase obligations are contractual obligations for purchase of goods or services and are defined as agreements that are
enforceable and legally binding on Autodesk and that specify all significant terms, including: fixed or minimum quantities to be
purchased; fixed, minimum, or variable price provisions; and the approximate timing of the transaction. Purchase obligations
relate primarily to enterprise subscription agreements, IT infrastructure costs, and marketing costs.
Deferred compensation obligations relate to amounts held in a rabbi trust under our non-qualified deferred compensation
plan. See Note 6, “Deferred Compensation,” in our Notes to Consolidated Financial Statements for further information
regarding this plan.
Pension obligations relate to our obligations for pension plans outside of the U.S. See Note 14, “Retirement Benefit
Plans,” in our Notes to Consolidated Financial Statements for further information regarding these obligations.
Purchase orders or contracts for the purchase of supplies and other goods and services are not included in the table above.
We are not able to determine the aggregate amount of such purchase orders that represent contractual obligations, as purchase
orders may represent authorizations to purchase rather than binding agreements. Our purchase orders are based on our current
procurement or development needs and are fulfilled by our vendors within short time horizons. We do not have significant
agreements for the purchase of supplies or other goods specifying minimum quantities or set prices that exceed our expected
requirements for three months. In addition, we have certain software royalty commitments associated with the shipment and
licensing of certain products.
The expected timing of payment of the obligations discussed above is estimated based on current information. Timing of
payments and actual amounts paid may be different depending on the time of receipt of goods or services or changes to agreed-
upon amounts for some obligations.
We provide indemnifications of varying scopes and certain guarantees, including limited product warranties. Historically,
costs related to these warranties and indemnifications have not been significant, but because potential future costs are highly
variable, we are unable to estimate the maximum potential impact of these guarantees on our future results of operations.
2016 Annual Report