Autodesk 10-Q: Q2 FY25 Financials Revealed
Ticker: ADSK · Form: 10-Q · Filed: 2024-09-03T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, software, earnings
Related Tickers: ADSK
TL;DR
Autodesk's Q2 FY25 10-Q is in, showing subscription and maintenance revenue trends.
AI Summary
Autodesk, Inc. filed its 10-Q for the period ending July 31, 2024. The filing details financial performance and operational updates for the second quarter of fiscal year 2025. Key financial metrics and business segment information are provided, reflecting the company's ongoing subscription and maintenance revenue streams.
Why It Matters
This filing provides investors with a detailed look at Autodesk's financial health and operational performance for the latest quarter, influencing investment decisions.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures, but the nature of software subscriptions and market competition introduces inherent business risks.
Key Numbers
- N/A — Revenue (Specific revenue figures are not detailed in the provided snippet.)
- N/A — Net Income (Specific net income figures are not detailed in the provided snippet.)
Key Players & Entities
- Autodesk, Inc. (company) — Filer of the 10-Q
- 20240731 (date) — End of the reporting period
- 2025 Q2 (date) — Fiscal quarter reported
FAQ
What were Autodesk's total revenues for the second quarter of fiscal year 2025?
The provided text does not contain specific revenue figures for the second quarter of fiscal year 2025.
What is the company's net income for the period ending July 31, 2024?
Specific net income details are not present in the provided excerpt of the 10-Q filing.
What are the primary revenue streams for Autodesk as indicated in this filing?
The filing indicates that 'SubscriptionAndCirculationMember' and 'MaintenanceMember' are key revenue categories.
What is the fiscal year end for Autodesk?
Autodesk's fiscal year ends on January 31.
When was this 10-Q form filed?
This 10-Q form was filed on September 3, 2024.
Filing Stats: 4,789 words · 19 min read · ~16 pages · Grade level 14.6 · Accepted 2024-09-03 16:06:29
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share ADSK The Nasdaq Global Select
Filing Documents
- adsk-20240731.htm (10-Q) — 2262KB
- a7312024ex311.htm (EX-31.1) — 10KB
- a7312024ex312.htm (EX-31.2) — 10KB
- a7312024ex321.htm (EX-32.1) — 7KB
- 0000769397-24-000150.txt ( ) — 11700KB
- adsk-20240731.xsd (EX-101.SCH) — 62KB
- adsk-20240731_cal.xml (EX-101.CAL) — 99KB
- adsk-20240731_def.xml (EX-101.DEF) — 360KB
- adsk-20240731_lab.xml (EX-101.LAB) — 800KB
- adsk-20240731_pre.xml (EX-101.PRE) — 580KB
- adsk-20240731_htm.xml (XML) — 2258KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements: Condensed Consolidated Statements of Operations for the Three and Six Months Ended July 31 , 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income for the T hree and Six Months Ended July 3 1 , 2024 and 2023 5 Condensed Consolidated Balance Sheets as of July 31 , 2024 and January 31, 2024 6 Condensed Consolidated Statements of Cash Flows for the Six Months Ended July 31 , 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 8
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 35
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 57
Controls and Procedures
Item 4. Controls and Procedures 58
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 59
Risk Factors
Item 1A. Risk Factors 59
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 78
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 78
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 79
Other Information
Item 5. Other Information 79
Exhibits
Item 6. Exhibits 80
Signatures
Signatures 81
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS AUTODESK, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data) (Unaudited) Three Months Ended July 31, Six Months Ended July 31, 2024 2023 2024 2023 Net revenue: Subscription $ 1,408 $ 1,270 $ 2,738 $ 2,463 Maintenance 11 14 22 28 Total subscription and maintenance revenue 1,419 1,284 2,760 2,491 Other 86 61 162 123 Total net revenue 1,505 1,345 2,922 2,614 Cost of revenue: Cost of subscription and maintenance revenue 100 95 200 191 Cost of other revenue 18 21 38 41 Amortization of developed technologies 22 11 39 22 Total cost of revenue 140 127 277 254 Gross profit 1,365 1,218 2,645 2,360 Operating expenses: Marketing and sales 480 449 949 905 Research and development 368 355 714 682 General and administrative 161 141 316 273 Amortization of purchased intangibles 13 11 24 21 Total operating expenses 1,022 956 2,003 1,881 Income from operations 343 262 642 479 Interest and other income (expense), net 9 ( 4 ) 19 — Income before income taxes 352 258 661 479 Provision for income taxes ( 70 ) ( 36 ) ( 127 ) ( 96 ) Net income $ 282 $ 222 $ 534 $ 383 Basic net income per share $ 1.31 $ 1.04 $ 2.48 $ 1.79 Diluted net income per share $ 1.30 $ 1.03 $ 2.46 $ 1.77 Weighted average shares used in computing basic net income per share 216 214 215 214 Weighted average shares used in computing diluted net income per share 217 215 217 216 See accompanying Notes to Condensed Consolidated Financial Statements. 4 AUTODESK, INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) (Unaudited) Three Months Ended July 31, Six Months Ended July 31, 2024 2023 2024 2023 Net income $ 282 $ 222 $ 534 $ 383 Other comprehensive income (loss), net of reclassifications: Net loss on derivative instruments (net of tax effect of $ 1 ,$ 1 , $ 1 , and $ 3 , respectively) ( 5 ) ( 13 ) ( 3 ) ( 26 ) Change in net unrealized gain (loss) on available-for-sale debt securi