Autodesk (ADSK) FY2017 results: revenue $2.0 billion, down 18.9% on the year
Autodesk, Inc. (ADSK) reported revenue of $2.0 billion for fiscal 2017, the year ended 31 January 2017, down 18.9% on the year before. Net income was -$582 million, and diluted earnings per share $-2.61. The figures are the company's own, from the 10-K it filed with the SEC on 25 March 2019.
Revenue
$2.0 billion
-18.9% on the year
FY2010FY2017
Operating margin
-24.6%
0.1% a year earlier
FY2010FY2017
Net income
-$582 million
FY2010FY2017
Diluted EPS
-$2.61
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,031
2,504
2,512
-18.9%
Cost of revenue
342
371
342
-7.8%
Gross profit
1,689
2,133
2,170
-20.8%
Gross margin
83.2%
85.2%
86.4%
Research and development
766
790
725
-3.0%
Operating income
-500
1.3
121
Operating margin
-24.6%
0.1%
4.8%
Pre-tax income
-524
-20.3
83.0
Income tax
58.3
310
1.2
-81.2%
Effective tax rate
n/a
n/a
1.4%
Net income
-582
-330
81.8
Net margin
-28.7%
-13.2%
3.3%
Diluted EPS
-$2.61
-$1.46
$0.35
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
170
414
708
-59.0%
Capital expenditure
76.0
72.4
75.5
+5.0%
Free cash flow
93.7
342
633
-72.6%
Free cash flow margin
4.6%
13.6%
25.2%
Cash from investing
272
-810
-906
Cash from financing
-578
343
-240
Depreciation and amortisation
139
146
146
-4.5%
Share-based compensation
222
197
166
+12.5%
Buybacks
622
458
372
+35.7%
Diluted shares, weighted
223m
226m
232m
-1.5%
Shares outstanding at period end
220m
224m
227m
-1.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
734
1,620
2,219
-54.7%
Debt
1,491
1,488
743
+0.2%
Other liabilities
2,574
2,408
1,952
+6.9%
Total liabilities and equity
4,798
5,515
4,914
-13.0%
Fixed assets
159
169
159
-6.3%
Goodwill
1,561
1,535
1,456
+1.7%
Intangible assets
45.7
70.8
86.5
-35.5%
Investments
993
1,430
889
-30.6%
Cash and equivalents
1,213
1,353
1,411
-10.3%
Receivables
452
654
459
-30.8%
Other assets
374
303
454
+23.4%
Total assets
4,798
5,515
4,914
-13.0%
10-K for the year ended 31 January 2017, filed 25 March 2019: the filing.