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Autodesk (ADSK) Q3 FY2022 earnings: revenue $1.1 billion, up 18.2% on the year

Autodesk, Inc. (ADSK) reported revenue of $1.1 billion for Q3 FY2022, the quarter ended 31 October 2021, up 18.2% on the same quarter a year earlier as this quarter's filing gives it. Net income was $137 million, up 3.6% on the year, and diluted earnings per share $0.62. The figures are the company's own, from the 10-Q it filed with the SEC on 3 December 2021.

Revenue
$1.1 billion
+18.2% on the year · +6.2% on the quarter
Q4 FY2020Q3 FY2022
Operating margin
17.2%
17.6% a year earlier
Q4 FY2020Q3 FY2022
Net income
$137 million
+3.6% on the year · +19.1% on the quarter
Q4 FY2020Q3 FY2022
Diluted EPS
$0.62
+5.1% on the year · +19.2% on the quarter
Q4 FY2020Q3 FY2022

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ3 FY2022Q2 FY2022Q3 FY2021On the quarterOn the yearLast 8 quarters
Revenue1,1261,060952+6.2%+18.2%
Cost of revenue108n/an/a
Gross profit1,019n/an/a
Gross margin90.5%n/an/a
Research and development282n/an/a
Operating income193148168+30.5%+15.1%
Operating margin17.2%14.0%17.6%
Pre-tax income188n/an/a
Income tax51.0n/an/a
Effective tax rate27.1%n/an/a
Net income137115132+19.1%+3.6%
Net margin12.2%n/an/a
Diluted EPS$0.62$0.52$0.59+19.2%+5.1%
$ 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. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow

$ millionQ3 FY2022Q2 FY2022Q3 FY2021On the quarterOn the yearLast 8 quarters
Operating cash flow270n/an/a
Capital expenditure13.4n/an/a
Free cash flow257n/an/a
Free cash flow margin22.8%n/an/a
Cash from investing-113n/an/a
Cash from financing669n/an/a
Depreciation and amortisation41.539.432.2+5.3%+28.9%
Share-based compensation144n/an/a
Buybacks284n/an/a
Dividends paid0.0n/an/a
Diluted shares, weighted222m222m222m-0.2%-0.1%
Shares outstanding at period end220m220m220m+0.1%+0.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2022Q2 FY2022Q3 FY2021On the quarterOn the yearLast 8 quarters
Shareholders' equity1,2801,32869.3-3.6%+1,746.9%
Debt2,6501,6501,650+60.6%+60.6%
Operating lease liabilities333n/an/a
Other liabilities4,268n/an/a
Total liabilities and equity8,531n/an/a
Fixed assets194n/an/a
Goodwill3,579n/an/a
Intangible assets498n/an/a
Investments62.9n/an/a
Cash and equivalents1,7499241,537+89.4%+13.8%
Receivables580n/an/a
Other assets1,868n/an/a
Total assets8,531n/an/a

Questions

What was Autodesk's revenue in Q3 FY2022?

Autodesk (ADSK) reported revenue of $1.1 billion for Q3 FY2022, the quarter ended 31 October 2021, up 18.2% on the same quarter a year earlier as the company restated it.

How much did Autodesk earn in Q3 FY2022?

Net income for Q3 FY2022 was $137 million, up 3.6% on the year, and diluted earnings per share $0.62.

When did Autodesk report Q3 FY2022 results?

Autodesk filed its 10-Q for the quarter ended 31 October 2021 with the SEC on 3 December 2021.

Quarterly results, the last 20 quarters

Q3 FY2022 †Q4 FY2022 * †Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027Q2 FY2027
Revenue1,1261,2121,1701,2371,2801,3181,2691,3451,4141,4691,4171,5051,5701,6391,6331,7631,8531,9571,9342,046
Cost of revenue108112117119120124127127127130137140147154160159165166175176
Gross profit1,0191,0981,0531,1181,1601,1941,1421,2181,2871,3391,2801,3651,4231,4851,4731,6041,6881,7911,7591,870
Gross margin90%91%90%90%91%91%90%91%91%91%90%91%91%91%90%91%91%92%91%91%
R&D282290289306311313327355339352346368378393394413416420421464
Operating income193142214242256277217262334315299343346366233444470431541599
Operating margin17%12%18%20%20%21%17%19%24%21%21%23%22%22%14%25%25%22%28%29%
Interest expensen/an/an/an/an/an/an/an/an/an/a18.018.018.017.018.019.022.021.021.06.0
Pre-tax income188107195232242277221258320337309352351372234456468445599593
Tax rate27%17%25%20%18%-6%27%14%25%16%18%20%22%19%35%31%27%29%18%17%
Net income13789.1146186198293161222241282252282275303152313343316491492
Net margin12%7%12%15%15%22%13%17%17%19%18%19%18%18%9%18%19%16%25%24%
Diluted EPS$0.62$0.41$0.67$0.85$0.91$1.35$0.75$1.03$1.12$1.31$1.16$1.30$1.27$1.40$0.70$1.46$1.60$1.48$2.32$2.33
Operating cash flow27072343425746991172313518.0437494212209692564460439989893575
Capital expenditure13.46.512.011.09.08.09.07.05.010.07.09.010.014.08.09.09.017.017.014.0
Free cash flow25771642224646090371412813.0427487203199678556451430972876561
Buybacks28459645725118620751210411465.09.0111323409354358359331448453
Dividends paid0.00.00.00.00.00.00.00.00.00.00.00.00.00.0n/an/an/an/an/an/a
Shares outstanding220m218m217m216m216m215m214m214m214m214m216m215m215m214m214m213m212m212m211m209m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 October 2021, filed 3 December 2021: the filing.