Autodesk (ADSK) FY2021 results: revenue $3.8 billion, up 15.8% on the year
Autodesk, Inc. (ADSK) reported revenue of $3.8 billion for fiscal 2021, the year ended 31 January 2021, up 15.8% on the year before. Net income was $1.2 billion, up 463.3%, and diluted earnings per share $5.44. The figures are the company's own, from the 10-K it filed with the SEC on 19 March 2021.
Revenue
$3.8 billion
+15.8% on the year
FY2014FY2021
Operating margin
16.6%
10.5% a year earlier
FY2014FY2021
Net income
$1.2 billion
+463.3% on the year
FY2014FY2021
Diluted EPS
$5.44
+466.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
3,790
3,274
2,570
+15.8%
Cost of revenue
337
325
286
+3.8%
Gross profit
3,453
2,949
2,284
+17.1%
Gross margin
91.1%
90.1%
88.9%
Research and development
932
851
725
+9.6%
Operating income
629
343
-25.0
+83.4%
Operating margin
16.6%
10.5%
-1.0%
Pre-tax income
547
295
-42.7
+85.4%
Income tax
-662
80.3
38.1
Effective tax rate
-121.0%
27.2%
n/a
Net income
1,208
214
-80.8
+463.3%
Net margin
31.9%
6.6%
-3.1%
Diluted EPS
$5.44
$0.96
-$0.37
+466.7%
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,437
1,415
377
+1.6%
Capital expenditure
91.1
53.2
67.0
+71.2%
Free cash flow
1,346
1,362
310
-1.2%
Free cash flow margin
35.5%
41.6%
12.1%
Cash from investing
-404
-57.3
-710
Cash from financing
-1,047
-467
152
Depreciation and amortisation
124
127
95.2
-2.7%
Share-based compensation
398
362
250
+9.9%
Buybacks
552
442
294
+24.7%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
222m
222m
219m
-0.2%
Shares outstanding at period end
220m
219m
219m
+0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
966
-139
-211
Debt
1,650
2,100
2,088
-21.4%
Operating lease liabilities
396
412
0.0
-3.8%
Other liabilities
4,268
3,807
2,852
+12.1%
Total liabilities and equity
7,280
6,179
4,729
+17.8%
Fixed assets
193
162
150
+19.2%
Goodwill
2,706
2,445
2,451
+10.7%
Intangible assets
199
70.9
106
+181.1%
Investments
4.0
69.0
67.6
-94.2%
Cash and equivalents
1,772
1,775
886
-0.1%
Receivables
643
652
474
-1.4%
Other assets
1,762
1,006
595
+75.2%
Total assets
7,280
6,179
4,729
+17.8%
10-K for the year ended 31 January 2021, filed 19 March 2021: the filing.