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Autodesk (ADSK) FY2022 results: revenue $4.4 billion, up 15.7% on the year

Autodesk, Inc. (ADSK) reported revenue of $4.4 billion for fiscal 2022, the year ended 31 January 2022, up 15.7% on the year before. Net income was $497 million, down 58.9%, and diluted earnings per share $2.24. The figures are the company's own, from the 10-K it filed with the SEC on 14 March 2022.

Revenue
$4.4 billion
+15.7% on the year
FY2015FY2022
Operating margin
14.1%
16.6% a year earlier
FY2015FY2022
Net income
$497 million
-58.9% on the year
FY2015FY2022
Diluted EPS
$2.24
-58.8% on the year
FY2015FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

The quarters: Q3 FY2022 · Q4 FY2022

Income statement (profit and loss)

$ millionFY2022FY2021FY2020On the yearLast 8 years
Revenue4,3863,7903,274+15.7%
Cost of revenue418337325+24.1%
Gross profit3,9683,4532,949+14.9%
Gross margin90.5%91.1%90.1%
Research and development1,115932851+19.5%
Operating income618629343-1.8%
Operating margin14.1%16.6%10.5%
Pre-tax income565547295+3.3%
Income tax68.0-66280.3
Effective tax rate12.0%-121.0%27.2%
Net income4971,208214-58.9%
Net margin11.3%31.9%6.6%
Diluted EPS$2.24$5.44$0.96-58.8%
$ 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

$ millionFY2022FY2021FY2020On the yearLast 8 years
Operating cash flow1,5311,4371,415+6.5%
Capital expenditure56.091.153.2-38.5%
Free cash flow1,4751,3461,362+9.6%
Free cash flow margin33.6%35.5%41.6%
Cash from investing-1,595-404-57.3
Cash from financing-169-1,047-467
Depreciation and amortisation148124127+19.6%
Share-based compensation555398362+39.4%
Buybacks1,078552442+95.5%
Dividends paid0.00.00.0
Diluted shares, weighted222m222m222m-0.0%
Shares outstanding at period end218m220m219m-0.6%

Balance sheet

$ millionFY2022FY2021FY2020On the yearLast 8 years
Shareholders' equity849966-139-12.1%
Debt2,6501,6502,100+60.6%
Operating lease liabilities346396412-12.7%
Other liabilities4,7624,2683,807+11.6%
Total liabilities and equity8,6077,2806,179+18.2%
Fixed assets162193162-16.0%
Goodwill3,6042,7062,445+33.2%
Intangible assets49419970.9+147.8%
Investments2814.069.0+6,917.5%
Cash and equivalents1,5281,7721,775-13.8%
Receivables716643652+11.4%
Other assets1,8221,7621,006+3.4%
Total assets8,6077,2806,179+18.2%

10-K for the year ended 31 January 2022, filed 14 March 2022: the filing.