Spreadsheet: 0829ebff-1e00-4c1b-9e5d-04048987493b
Sheet: Non-GAAP Reconciliation

Autodesk, Inc.
Non-GAAP Reconciliation
(In millions, except per share data)
 |  | Q1 | Q2 | Q3 | Q4 |  |  | Q1 | Q2 | Q3 | Q4 |  |  | Q1 | Q2 | Q3 | Q4
 |  | April 30, | July 31, | October 31, | January 31, | FY |  | April 30, | July 31, | October 31, | January 31, | FY |  | April 30, | July 31, | October 31, | January 31, | FY
 |  | 2012 | 2012 | 2012 | 2013 | 2013 |  | 2011 | 2011 | 2011 | 2012 | 2012 |  | 2010 | 2010 | 2010 | 2011 | 2011
GAAP cost of license and other revenue |  | 47.1 | 49.1 | 49.5 |  | 145.7 |  | 42.6 | 45.7 | 50.5 | 48.3 | 187.1 |  | 41.2 | 40.5 | 40.3 | 40.2 | 162.2
Stock-based compensation expense |  | -1.3 | -1.2 | -1.3 |  | -3.8 |  | -0.9 | -1 | -0.9 | -1.1 | -3.9 |  | -0.8 | -0.7 | -0.6 | -0.8 | -2.9
Amortization of developed technology |  | -9.8 | -9.6 | -9.9 |  | -29.3 |  | -8.1 | -8.5 | -11.1 | -10.3 | -38 |  | -7.7 | -7.7 | -8.4 | -8.1 | -31.9
Non-GAAP cost of license and other revenue |  | 36 | 38.3 | 38.3 |  | 112.6 |  | 33.6 | 36.2 | 38.5 | 36.9 | 145.2 |  | 32.7 | 32.1 | 31.3 | 31.3 | 127.4
GAAP gross profit |  | 529.8 | 508.9 | 490.1 |  | 1528.8 |  | 473.7 | 488.9 | 489 | 534.9 | 1986.5 |  | 423.3 | 424.4 | 428.2 | 479.3 | 1755.2
Stock-based compensation expense |  | 1.3 | 1.2 | 1.3 |  | 3.8 |  | 0.9 | 1 | 0.9 | 1.1 | 3.9 |  | 0.8 | 0.7 | 0.6 | 0.8 | 2.9
Amortization of developed technology |  | 9.8 | 9.6 | 9.9 |  | 29.3 |  | 8.1 | 8.5 | 11.1 | 10.3 | 38 |  | 7.7 | 7.7 | 8.4 | 8.1 | 31.9
Non-GAAP gross profit |  | 540.9 | 519.7 | 501.3 |  | 1561.9 |  | 482.7 | 498.4 | 501 | 546.3 | 2028.4 |  | 431.8 | 432.8 | 437.2 | 488.2 | 1790
GAAP marketing and sales |  | 223.2 | 212.4 | 203.9 |  | 639.5 |  | 201.9 | 201 | 206.2 | 233.5 | 842.6 |  | 186.5 | 177.5 | 185.1 | 226.9 | 776
Stock-based compensation expense |  | -14.6 | -16.1 | -16.7 |  | -47.4 |  | -11.8 | -11.3 | -11.7 | -13.5 | -48.3 |  | -10.6 | -9.2 | -7.6 | -8.1 | -35.5
Non-GAAP marketing and sales |  | 208.6 | 196.3 | 187.2 |  | 592.1 |  | 190.1 | 189.7 | 194.5 | 220 | 794.3 |  | 175.9 | 168.3 | 177.5 | 218.8 | 740.5
GAAP research and development |  | 152.7 | 144.9 | 153 |  | 450.6 |  | 136.6 | 139.2 | 141.2 | 149.5 | 566.5 |  | 127.2 | 119.3 | 122.8 | 126.9 | 496.2
Stock-based compensation expense |  | -11.1 | -10.4 | -28.1 |  | -49.6 |  | -8.9 | -9.8 | -8.9 | -10.5 | -38.1 |  | -8.3 | -7.2 | -5.7 | -6.2 | -27.4
Non-GAAP research and development |  | 141.6 | 134.5 | 124.9 |  | 401 |  | 127.7 | 129.4 | 132.3 | 139 | 528.4 |  | 118.9 | 112.1 | 117.1 | 120.7 | 468.8
GAAP general and administrative |  | 59.9 | 58.7 | 62.1 |  | 180.7 |  | 56.6 | 55 | 51.4 | 60.1 | 223.1 |  | 51.7 | 45.9 | 51.1 | 52.1 | 200.8
Stock-based compensation expense |  | -6.4 | -5.8 | -5.8 |  | -18 |  | -4.3 | -5.2 | -4.1 | -4.9 | -18.5 |  | -4.6 | -3.9 | -3.1 | -3.3 | -14.9
Amortization of customer relationships and trade names |  | -7.8 | -7.9 | -13.8 |  | -29.5 |  | -6.5 | -9.3 | -8.2 | -8.3 | -32.3 |  | -6.2 | -5.9 | -5.7 | -6.2 | -24
Non-GAAP general and administrative |  | 45.7 | 45 | 42.5 |  | 133.2 |  | 45.8 | 40.5 | 39.1 | 46.9 | 172.3 |  | 40.9 | 36.1 | 42.3 | 42.6 | 161.9
GAAP restructuring charges (benefits), net |  | 0 | 0 | 36.7 |  | 36.7 |  | 0 | -1.3 | 0 | 0 | -1.3 |  | 7.1 | 1.9 | 0 | 1.8 | 10.8
Restructuring (charges) benefits |  | 0 | 0 | -36.7 |  | -36.7 |  | 0 | 1.3 | 0 |  | 1.3 |  | -7.1 | -1.9 | 0 | -1.8 | -10.8
Non-GAAP restructuring charges (benefits), net |  | 0 | 0 | 0 |  | 0 |  | 0 | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0
GAAP operating expenses |  | 435.8 | 416 | 455.7 |  | 1307.5 |  | 395.1 | 393.9 | 398.8 | 443.1 | 1630.9 |  | 372.5 | 344.6 | 359 | 407.7 | 1483.8
Stock-based compensation expense |  | -32.1 | -32.3 | -50.6 |  | -115 |  | -25 | -26.3 | -24.7 | -28.9 | -104.9 |  | -23.5 | -20.3 | -16.4 | -17.6 | -77.8
Amortization of customer relationships and trade names |  | -7.8 | -7.9 | -13.8 |  | -29.5 |  | -6.5 | -9.3 | -8.2 | -8.3 | -32.3 |  | -6.2 | -5.9 | -5.7 | -6.2 | -24
Restructuring (charges) benefits |  | 0 | 0 | -36.7 |  | -36.7 |  | 0 | 1.3 | 0 | 0 | 1.3 |  | -7.1 | -1.9 | 0 | -1.8 | -10.8
Non-GAAP operating expenses |  | 395.9 | 375.8 | 354.6 |  | 1126.3 |  | 363.6 | 359.6 | 365.9 | 405.9 | 1495 |  | 335.7 | 316.5 | 336.9 | 382.1 | 1371.2
GAAP income from operations |  | 94 | 92.9 | 34.4 |  | 221.3 |  | 78.6 | 95 | 90.2 | 91.8 | 355.6 |  | 50.8 | 79.8 | 69.2 | 71.6 | 271.4
Stock-based compensation expense |  | 33.4 | 33.5 | 51.9 |  | 118.8 |  | 25.9 | 27.3 | 25.6 | 30 | 108.8 |  | 24.3 | 21 | 17 | 18.4 | 80.7
Amortization of developed technology |  | 9.8 | 9.6 | 9.9 |  | 29.3 |  | 8.1 | 8.5 | 11.1 | 10.3 | 38 |  | 7.7 | 7.7 | 8.4 | 8.1 | 31.9
Amortization of customer relationships and trade names |  | 7.8 | 7.9 | 13.8 |  | 29.5 |  | 6.5 | 9.3 | 8.2 | 8.3 | 32.3 |  | 6.2 | 5.9 | 5.7 | 6.2 | 24
Restructuring charges (benefits) |  | 0 | 0 | 36.7 |  | 36.7 |  | 0 | -1.3 | 0 | 0 | -1.3 |  | 7.1 | 1.9 | 0 | 1.8 | 10.8
Non-GAAP income from operations |  | 145 | 143.9 | 146.7 |  | 435.6 |  | 119.1 | 138.8 | 135.1 | 140.4 | 533.4 |  | 96.1 | 116.3 | 100.3 | 106.1 | 418.8
GAAP interest and other income (expense), net |  | 3.5 | -0.8 | -0.1 |  | 2.6 |  | 5.9 | -0.8 | 1.1 | 1.1 | 7.3 |  | -3.4 | 0.1 | 2.5 | 1.4 | 0.6
(Gain) loss on strategic investments |  | -1.1 | 5 | -0.1 |  | 3.8 |  | 0 | 0 | 0 | -0.3 | -0.3 |  | 0.3 | -0.6 | 0 | -1.7 | -2
Non-GAAP interest and other income (expense), net |  | 2.4 | 4.2 | -0.2 |  | 6.4 |  | 5.9 | -0.8 | 1.1 | 0.8 | 7 |  | -3.1 | -0.5 | 2.5 | -0.3 | -1.4
GAAP provision for income taxes |  | -18.6 | -27.5 | -4.9 |  | -51 |  | -15.2 | -23 | -18.5 | -20.9 | -77.6 |  | -10.5 | -20 | -18.1 | -11.4 | -60
Discrete GAAP tax provision items |  | -6.3 | 2.7 | -15.4 |  | -19 |  | -4.1 | 0.9 | -4.2 | 0.6 | -6.8 |  | -1.8 | 0.2 | 0.3 | -4.7 | -6
Income tax effect of non-GAAP adjustments at a normalized rate |  | -13.4 | -12.2 | -17.2 |  | -42.8 |  | -12 | -12.4 | -11.4 | -15.1 | -50.9 |  | -12.7 | -11.6 | -10 | -8.7 | -43
Non-GAAP provision for income taxes |  | -38.3 | -37 | -37.5 |  | -112.8 |  | -31.3 | -34.5 | -34.1 | -35.4 | -135.3 |  | -25 | -31.4 | -27.8 | -24.8 | -109
GAAP net income |  | 78.9 | 64.6 | 29.4 |  | 172.9 |  | 69.3 | 71.2 | 72.8 | 72 | 285.3 |  | 36.9 | 59.9 | 53.6 | 61.6 | 212
Stock-based compensation expense |  | 33.4 | 33.5 | 51.9 |  | 118.8 |  | 25.9 | 27.3 | 25.6 | 30 | 108.8 |  | 24.3 | 21 | 17 | 18.4 | 80.7
Amortization of developed technology |  | 9.8 | 9.6 | 9.9 |  | 29.3 |  | 8.1 | 8.5 | 11.1 | 10.3 | 38 |  | 7.7 | 7.7 | 8.4 | 8.1 | 31.9
Amortization of customer relationships and trade names |  | 7.8 | 7.9 | 13.8 |  | 29.5 |  | 6.5 | 9.3 | 8.2 | 8.3 | 32.3 |  | 6.2 | 5.9 | 5.7 | 6.2 | 24
Restructuring charges (benefits) |  | 0 | 0 | 36.7 |  | 36.7 |  | 0 | -1.3 | 0 | 0 | -1.3 |  | 7.1 | 1.9 | 0 | 1.8 | 10.8
(Gain) loss on strategic investments |  | -1.1 | 5 | -0.1 |  | 3.8 |  | 0 | 0 | 0 | -0.3 | -0.3 |  | 0.3 | -0.6 | 0 | -1.7 | -2
Discrete GAAP tax provision items |  | -6.3 | 2.7 | -15.4 |  | -19 |  | -4.1 | 0.9 | -4.2 | 0.6 | -6.8 |  | -1.8 | 0.2 | 0.3 | -4.7 | -6
Income tax effect of non-GAAP adjustments at a normalized rate |  | -13.4 | -12.2 | -17.2 |  | -42.8 |  | -12 | -12.4 | -11.4 | -15.1 | -50.9 |  | -12.7 | -11.6 | -10 | -8.7 | -43
Non-GAAP net income |  | 109.1 | 111.1 | 109 |  | 329.2 |  | 93.69999999999999 | 103.5 | 102.1 | 105.8 | 405.1 |  | 68 | 84.40000000000003 | 75 | 80.99999999999999 | 308.4
GAAP diluted net income per share |  | 0.34 | 0.28 | 0.13 |  | 0.75 |  | 0.29 | 0.3 | 0.32 | 0.31 | 1.22 |  | 0.16 | 0.25 | 0.23 | 0.26 | 0.9
Stock-based compensation expense |  | 0.14 | 0.15 | 0.23 |  | 0.51 |  | 0.11 | 0.12 | 0.11 | 0.13 | 0.47 |  | 0.1 | 0.09 | 0.07 | 0.08 | 0.34
Amortization of developed technology |  | 0.04 | 0.04 | 0.04 |  | 0.13 |  | 0.03 | 0.04 | 0.05 | 0.04 | 0.16 |  | 0.03 | 0.03 | 0.04 | 0.04 | 0.14
Amortization of customer relationships and trade names |  | 0.03 | 0.03 | 0.06 |  | 0.13 |  | 0.03 | 0.04 | 0.03 | 0.04 | 0.14 |  | 0.03 | 0.03 | 0.02 | 0.02 | 0.1
Restructuring charges (benefits) |  | 0 | 0 | 0.15 |  | 0.15 |  | 0 | -0.01 | 0 | 0 | -0.01 |  | 0.03 | 0.01 | 0 | 0.01 | 0.05
(Gain) loss on strategic investments |  | 0 | 0.02 | 0 |  | 0.02 |  | 0 | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | -0.00723404255319149 | -0.008539709649871904
Discrete GAAP tax provision items |  | -0.03 | 0.01 | -0.07 |  | -0.09 |  | -0.02 | 0.01 | -0.02 | 0 | -0.03 |  | -0.01 | 0 | 0 | -0.02 | -0.03
Income tax effect of non-GAAP adjustments at a normalized rate |  | -0.05 | -0.05 | -0.07 |  | -0.18 |  | -0.04 | -0.06 | -0.05 | -0.06 | -0.21 |  | -0.05 | -0.05 | -0.04 | -0.04 | -0.18
Non-GAAP diluted net income per share |  | 0.47 | 0.48 | 0.47 |  | 1.42 |  | 0.4 | 0.4399999999999999 | 0.44 | 0.46 | 1.74 |  | 0.2900000000000001 | 0.36 | 0.3200000000000001 | 0.3427659574468085 | 1.311460290350128
Diluted weighted average shares used in per share calculation |  | 234.1 | 232.1 | 229.9 |  | 231.4 |  | 237.1 | 236.6 | 230.7 | 231.5 | 233.3 |  | 234.6 | 233.8 | 232.4 | 235 | 234.2
Note 1:  Totals may not agree with the components due to rounding.
Note 2:  Effective in the second quarter of fiscal 2011, [NAME] began excluding certain discrete GAAP tax provision items for purposes of its non-GAAP financial measures. Prior period non-GAAP income tax expense, net income and earnings per share amounts have been revised to conform to the current period presentation.
Note 3: Effective in the second quarter of fiscal 2013, [NAME] began excluding certain investment gains and losses for purposes of its non-GAAP financial measures. Prior period non-GAAP interest and other income (expense), net, net income and earnings per share amounts have been revised to conform to the current period presentation.
Note 4:  Earnings per share were computed independently for each of the periods presented; therefore the sum of the earnings per share amounts for the quarters may not equal the total for the year.