Autodesk (ADSK) FY2014 results: revenue $2.3 billion, down 1.7% on the year
Autodesk, Inc. (ADSK) reported revenue of $2.3 billion for fiscal 2014, the year ended 31 January 2014, down 1.7% on the year before. Net income was $229 million, down 7.5%, and diluted earnings per share $1.00. The figures are the company's own, from the 10-K it filed with the SEC on 10 March 2014.
Revenue
$2.3 billion
-1.7% on the year
FY2008FY2014
Operating margin
12.5%
13.2% a year earlier
FY2008FY2014
Net income
$229 million
-7.5% on the year
FY2008FY2014
Diluted EPS
$1.00
-6.5% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
2,274
2,312
2,216
-1.7%
Cost of revenue
274
238
229
+15.0%
Gross profit
2,000
2,074
1,986
-3.6%
Gross margin
87.9%
89.7%
89.7%
Research and development
611
600
566
+1.8%
Operating income
285
306
356
-6.9%
Operating margin
12.5%
13.2%
16.0%
Pre-tax income
280
310
363
-9.7%
Income tax
51.1
62.6
77.6
-18.4%
Effective tax rate
18.3%
20.2%
21.4%
Net income
229
247
285
-7.5%
Net margin
10.1%
10.7%
12.9%
Diluted EPS
$1.00
$1.07
$1.22
-6.5%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
564
559
574
+0.8%
Capital expenditure
64.2
56.4
63.0
+13.8%
Free cash flow
499
503
510
-0.7%
Free cash flow margin
22.0%
21.7%
23.0%
Cash from investing
-194
-647
-370
Cash from financing
-126
541
-120
Depreciation and amortisation
129
128
116
+0.9%
Share-based compensation
132
156
109
-15.4%
Buybacks
424
431
327
-1.7%
Diluted shares, weighted
230m
232m
233m
-0.9%
Shares outstanding at period end
227m
224m
226m
+1.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
2,262
2,043
1,883
+10.7%
Debt
746
746
0.0
+0.1%
Other liabilities
1,587
1,520
1,345
+4.4%
Total liabilities and equity
4,595
4,308
3,228
+6.7%
Fixed assets
130
115
104
+13.4%
Goodwill
1,010
872
682
+15.9%
Intangible assets
63.1
76.0
84.6
-17.0%
Investments
691
753
447
-8.2%
Cash and equivalents
1,853
1,612
1,157
+14.9%
Receivables
424
495
395
-14.4%
Other assets
424
386
357
+9.9%
Total assets
4,595
4,308
3,228
+6.7%
10-K for the year ended 31 January 2014, filed 10 March 2014: the filing.