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2016 Form 10-K 65
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
AUTODESK, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data)
Fiscal year ended January 31,
2016 2015 2014
Net revenue:
License and other $ 1,226.9 $ 1,341.4 $ 1,254.9
Subscription 1,277.2 1,170.8 1,019.0
Total net revenue 2,504.1 2,512.2 2,273.9
Cost of revenue:
Cost of license and other revenue 214.6 208.5 178.7
Cost of subscription revenue 156.1 133.6 95.6
Total cost of revenue 370.7 342.1 274.3
Gross profit 2,133.4 2,170.1 1,999.6
Operating expenses:
Marketing and sales 1,015.5 998.0 842.6
Research and development 790.0 725.2 611.1
General and administrative 293.4 283.3 211.8
Amortization of purchased intangibles 33.2 39.8 36.5
Restructuring charges, net — 3.1 12.8
Total operating expenses 2,132.1 2,049.4 1,714.8
Income from operations 1.3 120.7 284.8
Interest and other expense, net (21.6) (37.7) (4.9)
(Loss) income before income taxes (20.3) 83.0 279.9
Provision for income taxes (310.2) (1.2) (51.1)
Net (loss) income $ (330.5) $ 81.8 $ 228.8
Basic net (loss) income per share $ (1.46) $ 0.36 $ 1.02
Diluted net (loss) income per share $ (1.46) $ 0.35 $ 1.00
Weighted average shares used in computing basic net (loss) income per share 226.0 227.1 224.0
Weighted average shares used in computing diluted net (loss) income per share 226.0 232.4 229.6
See accompanying Notes to Consolidated Financial Statements.
2016 Annual Report