Autodesk (ADSK) FY2020 results: revenue $3.3 billion, up 27.4% on the year
Autodesk, Inc. (ADSK) reported revenue of $3.3 billion for fiscal 2020, the year ended 31 January 2020, up 27.4% on the year before. Net income was $214 million, and diluted earnings per share $0.96. The figures are the company's own, from the 10-K it filed with the SEC on 19 March 2020.
Revenue
$3.3 billion
+27.4% on the year
FY2013FY2020
Operating margin
10.5%
-1.0% a year earlier
FY2013FY2020
Net income
$214 million
FY2013FY2020
Diluted EPS
$0.96
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
3,274
2,570
2,057
+27.4%
Cost of revenue
325
286
303
+13.6%
Gross profit
2,949
2,284
1,753
+29.1%
Gross margin
90.1%
88.9%
85.2%
Research and development
851
725
756
+17.4%
Operating income
343
-25.0
-509
Operating margin
10.5%
-1.0%
-24.8%
Pre-tax income
295
-42.7
-557
Income tax
80.3
38.1
9.6
+110.8%
Effective tax rate
27.2%
n/a
n/a
Net income
214
-80.8
-567
Net margin
6.6%
-3.1%
-27.6%
Diluted EPS
$0.96
-$0.37
-$2.58
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,415
377
0.9
+275.3%
Capital expenditure
53.2
67.0
50.7
-20.6%
Free cash flow
1,362
310
-49.8
+339.2%
Free cash flow margin
41.6%
12.1%
-2.4%
Cash from investing
-57.3
-710
506
Cash from financing
-467
152
-657
Depreciation and amortisation
127
95.2
108
+33.7%
Share-based compensation
362
250
261
+45.3%
Buybacks
442
294
699
+50.8%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
222m
219m
220m
+1.6%
Shares outstanding at period end
219m
219m
218m
0.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
-139
-211
-256
Debt
2,100
2,088
1,586
+0.6%
Operating lease liabilities
412
0.0
n/a
Other liabilities
3,807
2,852
2,784
+33.5%
Total liabilities and equity
6,179
4,729
4,114
+30.7%
Fixed assets
162
150
145
+8.0%
Goodwill
2,445
2,451
1,620
-0.2%
Intangible assets
70.9
106
27.1
-32.9%
Investments
69.0
67.6
436
+2.1%
Cash and equivalents
1,775
886
1,078
+100.3%
Receivables
652
474
438
+37.5%
Other assets
1,006
595
369
+69.0%
Total assets
6,179
4,729
4,114
+30.7%
10-K for the year ended 31 January 2020, filed 19 March 2020: the filing.