Spreadsheet: 64665168-470a-4551-9869-09c2005eac12
Sheet: GAAP Consolidated Statement of 

Autodesk, Inc.
GAAP Condensed Consolidated Statements of Operations
(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
Net revenue:
License and other |  | 316.2 | 350.4 |  |  | 666.6 |  | 323.5 | 313.2 | 297.5 | 320.7 | 1254.9 |  | 355.2 | 334 | 310.2 | 364.7 | 1364.1
Subscription |  | 276.3 | 286.7 |  |  | 563 |  | 246.9 | 248.5 | 257.7 | 265.9 | 1019 |  | 233.4 | 234.7 | 237.8 | 242.2 | 948.1
Total net revenue |  | 592.5 | 637.1 |  |  | 1229.6 |  | 570.4 | 561.7 | 555.2 | 586.6 | 2273.9 |  | 588.6 | 568.7 | 548 | 606.9 | 2312.2
Cost of revenue:
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 | 166
Cost of subscription revenue |  | 29.4 | 34.5 |  |  | 63.9 |  | 23.1 | 25 | 23.7 | 23.8 | 95.6 |  | 18 | 17.3 | 16.6 | 20.6 | 72.5
Total cost of revenue |  | 78.7 | 87.9 |  |  | 166.6 |  | 67.5 | 67.8 | 67.1 | 71.9 | 274.3 |  | 58.8 | 59.8 | 57.9 | 62 | 238.5
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
Operating expenses:
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
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
General and administrative |  |  | 71.5 |  |  | 134
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, 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
Total 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
Income from operations |  | 42.2 | 49.9 |  |  | 92.1 |  | 81.4 | 83.60000000000002 | 68.1 | 51.7 | 284.8 |  | 94 | 92.9 | 34.4 | 84.6 | 305.9
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
Income before income taxes |  | 35.6 | 42.9 |  |  | 78.5 |  | 72.6 | 81.80000000000003 | 69.2 | 56.3 | 279.9 |  | 97.5 | 92.1 | 34.3 | 86.1 | 310
Provision 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
Net income |  | 28.3 | 31.3 |  |  | 59.6 |  | 55.6 | 61.70000000000002 | 57.6 | 53.9 | 228.8 |  | 78.9 | 64.6 | 29.4 | 74.5 | 247.4
Basic net income per share |  | 0.12 | 0.14 |  |  | 0.26 |  | 0.25 | 0.28 | 0.26 | 0.24 | 1.02 |  | 0.35 | 0.28 | 0.13 | 0.33 | 1.09
Diluted net income per share |  | 0.12 | 0.13 |  |  | 0.25 |  | 0.24 | 0.27 | 0.25 | 0.23 | 1 |  | 0.34 | 0.28 | 0.13 | 0.32 | 1.07
Weighted average shares used in computing basic net income per share |  | 227 | 227.3 |  |  | 227.1 |  | 223.8 | 223.1 | 223.1 | 225.5 | 224 |  | 228.1 | 227.8 | 225.5 | 224.1 | 226.4
Weighted average shares used in computing diluted net income per share |  | 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:  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.