Autodesk (ADSK) FY2013 results: revenue $2.3 billion, up 4.4% on the year
Autodesk, Inc. (ADSK) reported revenue of $2.3 billion for fiscal 2013, the year ended 31 January 2013, up 4.4% on the year before. Net income was $247 million, down 13.3%, and diluted earnings per share $1.07. The figures are the company's own, from the 10-K it filed with the SEC on 18 March 2013.
Revenue
$2.3 billion
+4.4% on the year
FY2008FY2013
Operating margin
13.2%
16.0% a year earlier
FY2008FY2013
Net income
$247 million
-13.3% on the year
FY2008FY2013
Diluted EPS
$1.07
-12.3% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
2,312
2,216
1,952
+4.4%
Cost of revenue
238
229
197
+4.1%
Gross profit
2,074
1,986
1,755
+4.4%
Gross margin
89.7%
89.7%
89.9%
Research and development
600
566
496
+5.9%
Operating income
306
356
271
-14.0%
Operating margin
13.2%
16.0%
13.9%
Pre-tax income
310
363
272
-14.6%
Income tax
62.6
77.6
60.0
-19.3%
Effective tax rate
20.2%
21.4%
22.1%
Net income
247
285
212
-13.3%
Net margin
10.7%
12.9%
10.9%
Diluted EPS
$1.07
$1.22
$0.90
-12.3%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
559
574
541
-2.5%
Capital expenditure
56.4
63.0
28.3
-10.5%
Free cash flow
503
510
512
-1.5%
Free cash flow margin
21.7%
23.0%
26.3%
Cash from investing
-647
-370
-142
Cash from financing
541
-120
-159
Depreciation and amortisation
128
116
105
+10.6%
Share-based compensation
156
109
80.7
+43.7%
Buybacks
431
327
280
+31.7%
Diluted shares, weighted
232m
233m
234m
-0.7%
Shares outstanding at period end
224m
226m
227m
-1.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,043
1,883
1,609
+8.5%
Debt
746
0.0
0.0
Other liabilities
1,520
1,345
1,178
+13.0%
Total liabilities and equity
4,308
3,228
2,788
+33.5%
Fixed assets
115
104
84.5
+10.0%
Goodwill
872
682
554
+27.7%
Intangible assets
76.0
84.6
57.2
-10.2%
Investments
753
447
392
+68.4%
Cash and equivalents
1,612
1,157
1,075
+39.4%
Receivables
495
395
318
+25.3%
Other assets
386
357
306
+8.0%
Total assets
4,308
3,228
2,788
+33.5%
10-K for the year ended 31 January 2013, filed 18 March 2013: the filing.