Autodesk (ADSK) FY2018 results: revenue $2.1 billion, up 1.3% on the year
Autodesk, Inc. (ADSK) reported revenue of $2.1 billion for fiscal 2018, the year ended 31 January 2018, up 1.3% on the year before. Net income was -$567 million, and diluted earnings per share $-2.58. The figures are the company's own, from the 10-K it filed with the SEC on 25 March 2019.
Revenue
$2.1 billion
+1.3% on the year
FY2011FY2018
Operating margin
-24.8%
-24.6% a year earlier
FY2011FY2018
Net income
-$567 million
FY2011FY2018
Diluted EPS
-$2.58
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
2,057
2,031
2,504
+1.3%
Cost of revenue
303
342
371
-11.3%
Gross profit
1,753
1,689
2,133
+3.8%
Gross margin
85.2%
83.2%
85.2%
Research and development
756
766
790
-1.4%
Operating income
-509
-500
1.3
Operating margin
-24.8%
-24.6%
0.1%
Pre-tax income
-557
-524
-20.3
Income tax
9.6
58.3
310
-83.5%
Net income
-567
-582
-330
Net margin
-27.6%
-28.7%
-13.2%
Diluted EPS
-$2.58
-$2.61
-$1.46
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
0.9
170
414
-99.5%
Capital expenditure
50.7
76.0
72.4
-33.3%
Free cash flow
-49.8
93.7
342
Free cash flow margin
-2.4%
4.6%
13.6%
Cash from investing
506
272
-810
+86.2%
Cash from financing
-657
-578
343
Depreciation and amortisation
108
139
146
-22.1%
Share-based compensation
261
222
197
+17.9%
Buybacks
699
622
458
+12.4%
Dividends paid
0.0
n/a
n/a
Diluted shares, weighted
220m
223m
226m
-1.4%
Shares outstanding at period end
218m
220m
224m
-0.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
-256
734
1,620
Debt
1,586
1,491
1,488
+6.4%
Other liabilities
2,784
2,574
2,408
+8.2%
Total liabilities and equity
4,114
4,798
5,515
-14.3%
Fixed assets
145
159
169
-8.6%
Goodwill
1,620
1,561
1,535
+3.8%
Intangible assets
27.1
45.7
70.8
-40.7%
Investments
436
993
1,430
-56.1%
Cash and equivalents
1,078
1,213
1,353
-11.1%
Receivables
438
452
654
-3.1%
Other assets
369
374
303
-1.4%
Total assets
4,114
4,798
5,515
-14.3%
10-K for the year ended 31 January 2018, filed 25 March 2019: the filing.