Spreadsheet: 64665168-470a-4551-9869-09c2005eac12
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
 |  | 2014 | 2014 | 2014 | 2015 | 2015 |  | 2013 | 2013 | 2013 | 2014 | 2014 |  | 2012 | 2012 | 2012 | 2013 | 2013
GAAP cost of license and other revenue |  | 49.3 | 53.4 |  |  | 102.7 |  | 44.4 | 42.8 | 43.4 | 48.1 | 178.7 |  | 40.8 | 42.5 | 41.3 | 41.4
Stock-based compensation expense |  | -0.9 | -1.1 |  |  | -2 |  | -0.9 | -0.9 | -0.9 | -1.1 | -3.8 |  | -0.9
Amortization of developed technology |  | -11.8 | -13.4 |  |  | -25.2 |  | -9.8 | -10 | -9.7 | -10.6 | -40.1 |  | -9.3
Non-GAAP cost of license and other revenue |  | 36.6 | 38.9 |  |  | 75.5 |  | 33.7 | 31.9 | 32.8 | 36.4 | 134.8
GAAP cost of subscription |  | 29.4 | 34.5 |  |  | 63.9 |  | 23.1 | 25 | 23.7 | 23.8 | 95.6 |  | 18 | 17.3 | 16.6 | 20.6
Stock-based compensation expense |  | -0.8 | -1 |  |  | -1.8 |  | -0.6 | -0.5 | -0.5 | -0.6 | -2.2 |  | -0.4 | -0.4 | -0.3 | -0.4
Amortization of developed technology |  | -1.2 | -1.1 |  |  | -2.3 |  | -1 | -1 | -1.1 | -1 | -4.1 |  | -0.5 | -0.4 | -0.7 | -0.9
Non-GAAP cost of subscription |  | 27.4 | 32.4 |  |  | 59.8 |  | 21.5 | 23.5 | 22.1 | 22.2 | 89.3
GAAP gross profit |  | 513.8 | 549.2 |  |  | 1063 |  | 502.9 | 493.9 | 488.1 | 514.7 | 1999.6 |  | 529.8 | 508.9 | 490.1 | 544.9 | 2073.7
Stock-based compensation expense |  | 1.7 | 2.1 |  |  | 3.8 |  | 1.5 | 1.4 | 1.4 | 1.7 | 6 |  | 1.3 | 1.2 | 1.3 | 1.4 | 5.2
Amortization of developed technology |  | 13 | 14.5 |  |  | 27.5 |  | 10.8 | 11 | 10.8 | 11.6 | 44.2 |  | 9.8 | 9.6 | 9.9 | 10.4 | 39.7
Non-GAAP gross profit |  | 528.5 | 565.8 |  |  | 1094.3 |  | 515.2 | 506.3 | 500.3 | 528 | 2049.8 |  | 540.9 | 519.7 | 501.3 | 556.7 | 2118.6
GAAP marketing and sales |  | 225.4 | 237.6 |  |  | 463 |  | 208.8 | 198.1 | 203.4 | 232.3 | 842.6 |  | 223.2 | 212.4 | 203.9 | 236 | 875.5
Stock-based compensation expense |  | -14 | -17.6 |  |  | -31.6 |  | -14.1 | -13.9 | -14.5 | -16.1 | -58.6 |  | -14.6 | -16.1 | -16.7 | -16.9 | -64.3
Non-GAAP marketing and sales |  | 211.4 | 220 |  |  | 431.4 |  | 194.7 | 184.2 | 188.9 | 216.2 | 784 |  | 208.6 | 196.3 | 187.2 | 219.1 | 811.2
GAAP research and development |  | 170.5 | 179.3 |  |  | 349.8 |  | 150.8 | 148.9 | 149 | 162.4 | 611.1 |  | 152.7 | 144.9 | 153 | 149.4 | 600
Stock-based compensation expense |  | -10.9 | -13.7 |  |  | -24.6 |  | -10.9 | -10.2 | -10.2 | -12.4 | -43.7 |  | -11.1 | -10.4 | -28.1 | -12.2 | -61.8
Non-GAAP research and development |  | 159.6 | 165.6 |  |  | 325.2 |  | 139.9 | 138.7 | 138.8 | 150 | 567.4 |  | 141.6 | 134.5 | 124.9 | 137.2 | 538.2
GAAP general and administrative |  |  | 71.5 |  |  | 134
Stock-based compensation expense |  | -7 | -6.4 |  |  | -13.4 |  | -7 | -5.5 | -5.5 | -5.9 | -23.9 |  | -6.4 | -5.8 | -5.8 | -7 | -25
Non-GAAP general and administrative |  | 55.5 | 65.1 |  |  | 120.6 |  | 43.7 | 46.8 | 50.3 | 47.1 | 187.9 |  | 45.7 | 45 | 42.5 | 48.1 | 181.3
GAAP Impairment of Goodwill and Intangibles, net |  |  | 10.1 |  |  | 21 |  | 0 | 0 | $— |  |  |  | 0 | 0 | 0 | 0 | 0
Impairment |  |  | -10.1 |  |  | -21 |  | 0 | 0 | — |  |  |  | 0 | 0 | 0 |  | 0
Non-GAAP Impairment, net |  |  | $— |  |  | $— |  | 0 | 0 | $— |  |  |  | 0 | 0 | 0 | 0 | 0
GAAP Amortization of purchased intangibles |  | 10.9 | 10.1 |  |  | 21 |  | 10.8 | 9.3 | 7.4 | 9 | 36.5 |  | 7.8 | 7.9 | 13.8 | 12.6 | 42.1
Amortization of purchased intangibles |  | -10.9 | -10.1 |  |  | -21 |  | -10.8 | -9.3 | -7.4 | -9 | -36.5 |  | -7.8 | -7.9 | -13.8 | -12.6 | -42.1
Non-GAAP Amortization of purchased intangibles |  | 0 | 0 |  |  | 0 |  | 0 | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0
GAAP restructuring charges (benefits), net |  | 2.3 | 0.8 |  |  | 3.1 |  | 0.4 | 1.7 | 4.4 | 6.3 | 12.8 |  | 0 | 0 | 36.7 | 7.2 | 43.9
Restructuring (charges) benefits |  | -2.3 | -0.8 |  |  | -3.1 |  | -0.4 | -1.7 | -4.4 | -6.3 | -12.8 |  | 0 | 0 | -36.7 | -7.2 | -43.9
Non-GAAP restructuring charges (benefits), net |  | 0 | 0 |  |  | 0 |  | 0 | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0
GAAP operating expenses |  | 471.6 | 499.3 |  |  | 970.9 |  | 421.5 | 410.3 | 420 | 463 | 1714.8 |  | 435.8 | 416 | 455.7 | 460.3 | 1767.8
Stock-based compensation expense |  | -31.9 | -37.7 |  |  | -69.6 |  | -32 | -29.6 | -30.2 | -34.4 | -126.2 |  | -32.1 | -32.3 | -50.6 | -36.1 | -151.1
Amortization of purchased intangibles |  | -10.9 | -10.1 |  |  | -21 |  | -10.8 | -9.3 | -7.4 | -9 | -36.5 |  | -7.8 | -7.9 | -13.8 | -12.6 | -42.1
Restructuring (charges) benefits |  | -2.3 | -0.8 |  |  | -3.1 |  | -0.4 | -1.7 | -4.4 | -6.3 | -12.8 |  | 0 | 0 | -36.7 | -7.2 | -43.9
Non-GAAP operating expenses |  | 426.5 | 450.7 |  |  | 877.2 |  | 378.3 | 369.7 | 378 | 413.3 | 1539.3 |  | 395.9 | 375.8 | 354.6 | 404.4 | 1530.7
GAAP income (loss) from operations |  | 42.2 | 49.9 |  |  | 92.1 |  | 81.4 | 83.59999999999997 | 68.1 | 51.7 | 284.8 |  | 94 | 92.9 | 34.4 | 84.6 | 305.9
Stock-based compensation expense |  | 33.6 | 39.8 |  |  | 73.4 |  | 33.5 | 31 | 31.6 | 36.1 | 132.2 |  | 33.4 | 33.5 | 51.9 | 37.5 | 156.3
Amortization of developed technology |  | 13 | 14.5 |  |  | 27.5 |  | 10.8 | 11 | 10.8 | 11.6 | 44.2 |  | 9.8 | 9.6 | 9.9 | 10.4 | 39.7
Amortization of purchased intangibles |  | 10.9 | 10.1 |  |  | 21 |  | 10.8 | 9.3 | 7.4 | 9 | 36.5 |  | 7.8 | 7.9 | 13.8 | 12.6 | 42.1
Restructuring charges (benefits) |  | 2.3 | 0.8 |  |  | 3.1 |  | 0.4 | 1.7 | 4.4 | 6.3 | 12.8 |  | 0 | 0 | 36.7 | 7.2 | 43.9
Non-GAAP income from operations |  | 102 | 115.1 |  |  | 217.1 |  | 136.9 | 136.6 | 122.3 | 114.7 | 510.5 |  | 145 | 143.9 | 146.7 | 152.3 | 587.9
GAAP interest and other (expense) income, net |  | -6.6 | -7 |  |  | -13.6 |  | -8.8 | -1.8 | 1.1 | 4.6 | -4.9 |  | 3.5 | -0.8 | -0.1 | 1.5 | 4.1
Loss (gain) on strategic investments |  | 3.6 | 3.3 |  |  | 6.9 |  | 1.1 | 0.2 | -0.3 | 0.8 | 1.8 |  | -1.1 | 5 | -0.1 | 0.2 | 4
Non-GAAP interest and other (expense) income, net |  | -3 | -3.7 |  |  | -6.7 |  | -7.7 | -1.6 | 0.8 | 5.4 | -3.1 |  | 2.4 | 4.2 | -0.2 | 1.7 | 8.1
GAAP (provision) benefit for income taxes |  | -7.3 | -11.6 |  |  | -18.9 |  | -17 | -20.1 | -11.6 | -2.4 | -51.1 |  | -18.6 | -27.5 | -4.9 | -11.6 | -62.6
Discrete GAAP tax provision items |  | -2.1 | -2.6 |  |  | -4.7 |  | -0.5 | 1.2 | -3 | -7.9 | -10.2 |  | -6.3 | 2.7 | -15.4 | -7.7 | -26.7
Income tax effect of non-GAAP adjustments at a normalized rate |  | -15.8 | -15.2 |  |  | -31 |  | -15.4 | -14.3 | -14.2 | -16.6 | -60.5 |  | -13.4 | -12.2 | -17.2 | -13.9 | -56.7
Non-GAAP (provision) for income taxes |  | -25.2 | -29.4 |  |  | -54.6 |  | -32.9 | -33.2 | -28.8 | -26.9 | -121.8 |  | -38.3 | -37 | -37.5 | -33.2 | -146
GAAP net income (loss) |  | 28.3 | 31.3 |  |  | 59.6 |  | 55.6 | 61.69999999999997 | 57.6 | 53.9 | 228.8 |  | 78.9 | 64.6 | 29.4 | 74.5 | 247.4
Stock-based compensation expense |  | 33.6 | 39.8 |  |  | 73.4 |  | 33.5 | 31 | 31.6 | 36.1 | 132.2 |  | 33.4 | 33.5 | 51.9 | 37.5 | 156.3
Amortization of developed technology |  | 13 | 14.5 |  |  | 27.5 |  | 10.8 | 11 | 10.8 | 11.6 | 44.2 |  | 9.8 | 9.6 | 9.9 | 10.4 | 39.7
Amortization of purchased intangibles |  | 10.9 | 10.1 |  |  | 21 |  | 10.8 | 9.3 | 7.4 | 9 | 36.5 |  | 7.8 | 7.9 | 13.8 | 12.6 | 42.1
Restructuring charges (benefits) |  | 2.3 | 0.8 |  |  | 3.1 |  | 0.4 | 1.7 | 4.4 | 6.3 | 12.8 |  | 0 | 0 | 36.7 | 7.2 | 43.9
Loss (gain) on strategic investments |  | 3.6 | 3.3 |  |  | 6.9 |  | 1.1 | 0.2 | -0.3 | 0.8 | 1.8 |  | -1.1 | 5 | -0.1 | 0.2 | 4
Discrete GAAP tax provision items |  | -2.1 | -2.6 |  |  | -4.7 |  | -0.5 | 1.2 | -3 | -7.9 | -10.2 |  | -6.3 | 2.7 | -15.4 | -7.7 | -26.7
Income tax effect of non-GAAP adjustments at a normalized rate |  | -15.8 | -15.2 |  |  | -31 |  | -15.4 | -14.3 | -14.2 | -16.6 | -60.5 |  | -13.4 | -12.2 | -17.2 | -13.9 | -56.7
Non-GAAP net income |  | 73.8 | 82 |  |  | 155.8 |  | 96.3 | 101.8 | 94.3 | 93.2 | 385.6 |  | 109.1 | 111.1 | 109 | 120.8 | 450
GAAP diluted net income (loss) per share |  | 0.12 | 0.13 |  |  | 0.26 |  | 0.24 | 0.27 | 0.25 | 0.23 | 1 |  | 0.34 | 0.28 | 0.13 | 0.32 | 1.07
Stock-based compensation expense |  | 0.14 | 0.18 |  |  | 0.32 |  | 0.15 | 0.14 | 0.14 | 0.15 | 0.57 |  | 0.14 | 0.15 | 0.23 | 0.16 | 0.67
Amortization of developed technology |  | 0.06 | 0.06 |  |  | 0.12 |  | 0.05 | 0.05 | 0.04 | 0.05 | 0.19 |  | 0.04 | 0.04 | 0.04 | 0.05 | 0.18
Amortization of purchased intangibles |  | 0.05 | 0.04 |  |  | 0.09 |  | 0.05 | 0.04 | 0.03 | 0.04 | 0.16 |  | 0.03 | 0.03 | 0.06 | 0.05 | 0.18
Restructuring charges (benefits) |  | 0.01 | 0 |  |  | 0.01 |  | 0 | 0.01 | 0.02 | 0.03 | 0.06 |  | 0 | 0 | 0.15 | 0.03 | 0.18
Loss (gain) on strategic investments |  | 0.02 | 0.01 |  |  | 0.03 |  | 0 | 0 | — | — | — |  | 0 | 0.02 | 0 | 0 | 0.02
Discrete GAAP tax provision items |  | -0.01 | -0.01 |  |  | -0.03 |  | 0 | 0 | -0.01 | -0.03 | -0.04 |  | -0.03 | 0.01 | -0.07 | -0.02 | -0.12
Income tax effect of non-GAAP adjustments at a normalized rate |  | -0.07 | -0.06 |  |  | -0.13 |  | -0.07 | -0.06 | -0.06 | -0.07 | -0.26 |  | -0.05 | -0.05 | -0.07 | -0.06 | -0.24
Non-GAAP diluted net income per share |  | 0.32 | 0.35 |  |  | 0.67 |  | 0.42 | 0.45 | 0.41 | 0.4 | 1.68 |  | 0.47 | 0.48 | 0.47 | 0.53 | 1.94
Diluted weighted average shares used in per share calculation |  | 231.6 | 232.4 |  |  | 232.4 |  | 229.3 | 228.3 | 227.7 | 231.1 | 229.6 |  | 234.1 | 232.1 | 229.9 | 229.6 | 231.7
Note 1:  Totals may not agree with the components due to rounding.
Note 2: Effective in the second quarter of fiscal 2015, [NAME] elected to present amortization of purchased customer relationships, trade names, patents, and user lists as a separate line item within operating expenses.  As a result, amortization previously reflected in “General and Administrative” expense was reclassified to “Amortization of Purchased Intangibles" within Operating Expenses.  Prior period amounts have been revised to conform to the current period presentation.
Note 3:  Effective in the first quarter of fiscal 2014, [NAME] reclassified certain revenue associated with cloud service offerings from "License and Other" to "Subscription" and cost of revenue from "Cost of License and Other Revenue" to "Cost of Subscription Revenue." Prior period amounts have been revised to conform to the current period presentation.
Note 4: 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 5:  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.