Autodesk (ADSK) FY2019 results: revenue $2.6 billion, up 25.0% on the year
Autodesk, Inc. (ADSK) reported revenue of $2.6 billion for fiscal 2019, the year ended 31 January 2019, up 25.0% on the year before. Net income was -$81 million, and diluted earnings per share $-0.37. The figures are the company's own, from the 10-K it filed with the SEC on 25 March 2019.
Revenue
$2.6 billion
+25.0% on the year
FY2012FY2019
Operating margin
-1.0%
-24.8% a year earlier
FY2012FY2019
Net income
-$81 million
FY2012FY2019
Diluted EPS
-$0.37
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
2,570
2,057
2,031
+25.0%
Cost of revenue
286
303
342
-5.8%
Gross profit
2,284
1,753
1,689
+30.3%
Gross margin
88.9%
85.2%
83.2%
Research and development
725
756
766
-4.0%
Operating income
-25.0
-509
-500
Operating margin
-1.0%
-24.8%
-24.6%
Pre-tax income
-42.7
-557
-524
Income tax
38.1
9.6
58.3
+296.9%
Net income
-80.8
-567
-582
Net margin
-3.1%
-27.6%
-28.7%
Diluted EPS
-$0.37
-$2.58
-$2.61
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
377
0.9
170
+41,800.0%
Capital expenditure
67.0
50.7
76.0
+32.1%
Free cash flow
310
-49.8
93.7
Free cash flow margin
12.1%
-2.4%
4.6%
Cash from investing
-710
506
272
Cash from financing
152
-657
-578
Depreciation and amortisation
95.2
108
139
-12.2%
Share-based compensation
250
261
222
-4.6%
Buybacks
294
699
622
-58.0%
Dividends paid
0.0
0.0
n/a
Diluted shares, weighted
219m
220m
223m
-0.3%
Shares outstanding at period end
219m
218m
220m
+0.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
-211
-256
734
Debt
2,088
1,586
1,491
+31.6%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
2,852
2,784
2,574
+2.5%
Total liabilities and equity
4,729
4,114
4,798
+15.0%
Fixed assets
150
145
159
+3.2%
Goodwill
2,451
1,620
1,561
+51.3%
Intangible assets
106
27.1
45.7
+289.7%
Investments
67.6
436
993
-84.5%
Cash and equivalents
886
1,078
1,213
-17.8%
Receivables
474
438
452
+8.2%
Other assets
595
369
374
+61.3%
Total assets
4,729
4,114
4,798
+15.0%
10-K for the year ended 31 January 2019, filed 25 March 2019: the filing.