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Autodesk (ADSK) FY2024 results: revenue $5.5 billion, up 9.8% on the year

Autodesk, Inc. (ADSK) reported revenue of $5.5 billion for fiscal 2024, the year ended 31 January 2024, up 9.8% on the year before. Net income was $906 million, up 10.1%, and diluted earnings per share $4.19. The figures are the company's own, from the 10-K it filed with the SEC on 10 June 2024.

Revenue
$5.5 billion
+9.8% on the year
FY2017FY2024
Operating margin
20.5%
19.8% a year earlier
FY2017FY2024
Net income
$906 million
+10.1% on the year
FY2017FY2024
Diluted EPS
$4.19
+10.8% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue5,4975,0054,386+9.8%
Cost of revenue511480418+6.5%
Gross profit4,9864,5253,968+10.2%
Gross margin90.7%90.4%90.5%
Research and development1,3731,2191,115+12.6%
Operating income1,128989618+14.1%
Operating margin20.5%19.8%14.1%
Interest expense71.083.0n/a-14.5%
Pre-tax income1,136946565+20.1%
Income tax23012368.0+87.0%
Effective tax rate20.2%13.0%12.0%
Net income906823497+10.1%
Net margin16.5%16.4%11.3%
Diluted EPS$4.19$3.78$2.24+10.8%
$ 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

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow1,3132,0711,531-36.6%
Capital expenditure31.040.056.0-22.5%
Free cash flow1,2822,0311,475-36.9%
Free cash flow margin23.3%40.6%33.6%
Cash from investing-502-143-1,595
Cash from financing-852-1,487-169
Depreciation and amortisation139150148-7.3%
Share-based compensation703657555+7.0%
Buybacks7951,1011,078-27.8%
Dividends paid0.00.00.0
Diluted shares, weighted216m218m222m-0.9%
Shares outstanding at period end214m215m218m-0.5%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity1,8551,145849+62.0%
Debt2,3002,3002,6500.0%
Operating lease liabilities275300346-8.3%
Other liabilities5,4825,6934,762-3.7%
Total liabilities and equity9,9129,4388,607+5.0%
Fixed assets121144162-16.0%
Goodwill3,6533,6253,604+0.8%
Intangible assets406407494-0.2%
Investments588227281+159.0%
Cash and equivalents1,8921,9471,528-2.8%
Receivables876961716-8.8%
Other assets2,3762,1271,822+11.7%
Total assets9,9129,4388,607+5.0%

10-K for the year ended 31 January 2024, filed 10 June 2024: the filing.