Autodesk (ADSK) FY2012 results: revenue $2.2 billion, up 13.5% on the year
Autodesk, Inc. (ADSK) reported revenue of $2.2 billion for fiscal 2012, the year ended 31 January 2012, up 13.5% on the year before. Net income was $285 million, up 34.6%, and diluted earnings per share $1.22. The figures are the company's own, from the 10-K it filed with the SEC on 15 March 2012.
Revenue
$2.2 billion
+13.5% on the year
FY2008FY2012
Operating margin
16.0%
13.9% a year earlier
FY2008FY2012
Net income
$285 million
+34.6% on the year
FY2008FY2012
Diluted EPS
$1.22
+35.6% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
2,216
1,952
1,714
+13.5%
Cost of revenue
229
197
192
+16.5%
Gross profit
1,986
1,755
1,522
+13.2%
Gross margin
89.7%
89.9%
88.8%
Research and development
566
496
458
+14.2%
Operating income
356
271
65.6
+31.0%
Operating margin
16.0%
13.9%
3.8%
Pre-tax income
363
272
84.7
+33.4%
Income tax
77.6
60.0
26.7
+29.3%
Effective tax rate
21.4%
22.1%
31.5%
Net income
285
212
58.0
+34.6%
Net margin
12.9%
10.9%
3.4%
Diluted EPS
$1.22
$0.90
$0.25
+35.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
574
541
247
+6.0%
Capital expenditure
63.0
28.3
39.0
+122.6%
Free cash flow
510
512
208
-0.4%
Free cash flow margin
23.0%
26.3%
12.1%
Cash from investing
-370
-142
-283
Cash from financing
-120
-159
-45.3
Depreciation and amortisation
116
105
112
+9.6%
Share-based compensation
109
80.7
93.6
+34.8%
Buybacks
327
280
63.2
+16.8%
Diluted shares, weighted
233m
234m
232m
-0.4%
Shares outstanding at period end
226m
227m
229m
-0.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,883
1,609
1,474
+17.0%
Debt
0.0
0.0
n/a
Other liabilities
1,345
1,178
974
+14.1%
Total liabilities and equity
3,228
2,788
2,447
+15.8%
Fixed assets
104
84.5
102
+23.7%
Goodwill
682
554
543
+23.2%
Intangible assets
84.6
57.2
88.0
+47.9%
Investments
447
392
288
+14.1%
Trading assets
n/a
n/a
26.3
Cash and equivalents
1,157
1,075
839
+7.6%
Receivables
395
318
277
+24.1%
Other assets
357
306
285
+16.5%
Total assets
3,228
2,788
2,447
+15.8%
10-K for the year ended 31 January 2012, filed 15 March 2012: the filing.