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Autodesk - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

Autodesk (ISIN: US0527691069, WKN: 869964) Kursdatum: 21.07.2017 Kurs: 109,750 USD
Beschreibung Daten
Symbol ADSK
Marktkapitalisierung 24.441.325.568,00 USD
Land Vereinigte Staaten von Amerika
Indizes NASDAQ 100NASDAQ Comp.S&P 500
Sektor Industriegüter
Rohdaten nach US GAAP in Millionen USD
Aktiensplits 2004-12-21 - 2:1 | 2002-04-19 - 2:1 |
Internet
Letztes Bilanz Update 21.03.2017

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
260,85 144,03 0,00% -12,11 15,29 -42,05 12,03 33,32

Firmenbeschreibung

Selected Quarterly Financial Information (Unaudited) Summarized quarterly financial information for fiscal 2016 and 2015 is as follows:20161st quarter 2nd quarter (1) 3rd quarter 4th quarter (2) Fiscal yearNet revenue$646.5 $609.5 $599.8 $648.3 $2,504.1Gross profit554.7 516.5 508.8 553.4 2,133.4Income (loss) from operations21.5 4.3 (14.8) (9.7) 1.3Provision for income taxes(2.7) (269.5) (21.3) (16.7) (310.2)Net income (loss)19.1 (268.6) (43.8) (37.2) (330.5)Basic net income (loss) per share$0.08 $(1.18) $(0.19) $(0.17) $(1.46)Diluted net income (loss) per share$0.08 $(1.18) $(0.19) $(0.17) $(1.46)Income (loss) from operations includes the following items:         Stock-based compensation expense$50.2 $40.7 $50.2 $56.1 $197.2Amortization of acquisition related intangibles22.4 20.2 19.7 19.9 82.2          20151st quarter 2nd quarter 3rd quarter 4th quarter Fiscal yearNet revenue$592.5 $637.1 $618.0 $664.6 $2,512.2Gross profit513.8 549.2 532.0 575.1 2,170.1Income from operations42.2 49.9 14.6 14.0 120.7Provision for income taxes(7.3) (11.6) (0.9) 18.6

Firmenstrategie

Principles of ConsolidationThe accompanying consolidated financial statements include the accounts of Autodesk and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.

RevenueRecognitionPolicyTextBlock

Revenue Recognition


Autodesk recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed or determinable, and collection is probable.


For multiple element arrangements containing only software and software-related elements, Autodesk allocates the sales price among each of the deliverables using the residual method, under which revenue is allocated to undelivered elements based on their vendor-specific objective evidence (“VSOE”) of fair value. VSOE is the price charged when an element is sold separately or a price set by management with the relevant authority. If Autodesk does not have VSOE of an undelivered element, revenue recognition is deferred on the entire sales arrangement until all elements for which Autodesk does not have VSOE are delivered. If Autodesk does not have VSOE for undelivered maintenance or services, the revenue for the arrangement is recognized over the longest contractual service period in the arrangement. Revenue recognition for significant lines of business is discussed further below.


For multiple element arrangements involving non-software elements, including cloud subscription services, our revenue recognition policy is based upon the accounting guidance contained in ASC 605, Revenue Recognition. For these arrangements, Autodesk first allocates the total arrangement consideration based on the relative selling prices of the software group of elements as a whole and the non-software elements. Autodesk then further allocates consideration within the software group to the respective elements within that group using the residual method as described above. Autodesk exercises judgment and uses estimates in connection with the determination of the amount of revenue to be recognized in each accounting period.


Autodesk allocates the total arrangement consideration among the various elements based on a selling price hierarchy. The selling price for a deliverable is based on its VSOE if available, third-party evidence ("TPE") if VSOE is not available, or the best estimated selling price ("BESP") if neither VSOE nor TPE is available. BESP represents the price at which Autodesk would transact for the deliverable if it were sold regularly on a standalone basis. To establish BESP for those elements for which neither VSOE nor TPE are available, Autodesk performs a quantitative analysis of pricing data points for historical standalone transactions involving such elements for a twelve-month period. As part of this analysis, Autodesk monitors and evaluates the BESP against actual pricing to ensure that it continues to represent a reasonable estimate of the standalone selling price, considering several other external and internal factors including, but not limited to, pricing and discounting practices, contractually stated prices, the geographies in which Autodesk offers products and services, and the type of customer (i.e. distributor, value-added reseller, and direct end user, among others). Autodesk analyzes BESP at least annually or on a more frequent basis if a significant change in our business necessitates a more timely analysis, or if significant selling price variances are experienced.


In situations when Autodesk has multiple contracts with a single counterparty, Autodesk uses the guidance in ASC 985-605 to evaluate both the form and the substance of the arrangements to determine if they should be combined and accounted for as one arrangement or as separate arrangements.


Autodesk’s assessment of likelihood of collection is also a critical element in determining the timing of revenue recognition. If collection is not probable, the revenue will be deferred until cash is received.


License and other revenue consists of two components: product license revenue and other revenue. Product license revenue includes software license revenue from the sale of perpetual licenses, term-based licenses from our desktop subscription and enterprise offerings, and product revenue for Creative Finishing. Other revenue includes revenue from consulting, training, Autodesk Developers Network and Creative Finishing customer support, and is recognized over time, as the services are performed.


Autodesk's Subscription revenue consists of two components: maintenance revenue for our software products and revenue for our cloud service offerings, including Autodesk 360. Autodesk's maintenance program provides our commercial and educational customers of perpetual products with a cost effective and predictable budgetary option to obtain the productivity benefits of our new releases and enhancements when and if released during the term of their contracts. Under Autodesk's maintenance program, customers are eligible to receive unspecified upgrades when and if available, downloadable training courses, and online support. Autodesk recognizes maintenance revenue ratably over the term of the maintenance agreement, which is generally between one and three years but can occasionally be as long as five years. Revenue for Autodesk's cloud service offerings is recognized ratably over the contract term commencing with the date Autodesk's service is made available to customers and all other revenue recognition criteria have been satisfied.


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Segments


Autodesk reports segment information based on the “management” approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company’s reportable segments. Autodesk has four reportable segments: AEC, MFG, PSEB, and M&E. Autodesk has no material inter-segment revenue.


The AEC, MFG, and PSEB segments derive revenue from the sale of licenses for software products and services to customers who design, build, manage, or own building, manufacturing, and infrastructure projects. Autodesk's M&E segment derives revenue from the sale of products to creative professionals, post-production facilities, and broadcasters for a variety of applications, including feature films, television programs, commercials, music and corporate videos, interactive game production, web design, and interactive web streaming.


AEC software products help to improve the way building, civil infrastructure, process plant, and construction projects are designed, built, and managed. A broad portfolio of solutions enables greater efficiency, accuracy, and sustainability across the entire project lifecycle. Autodesk AEC solutions include advanced technology for BIM, AutoCAD-based design and documentation productivity software, sustainable design analysis applications, and collaborative project management solutions. BIM, an integrated process for building and infrastructure design, analysis, documentation, and construction, uses consistent, coordination information to improve communication and collaboration between the extended project team. AEC provides a comprehensive portfolio of BIM solutions that help customers deliver projects faster and more economically, while minimizing environmental impact. AEC’s revenue primarily includes revenue from the sales of Autodesk Building Design Suites, Autodesk Infrastructure Design Suites, AEC flexible enterprise offerings, AEC consulting services, and AutoCAD Civil 3D.


MFG provides the manufacturers in automotive and transportation, industrial machinery, consumer products and building products with comprehensive digital prototyping solutions that bring together design data from all phases of the product development process to develop a single digital model created in Autodesk Inventor software. Autodesk’s solutions for digital prototyping enable a broad group of manufacturers to realize benefits with minimal disruption to existing workflows. MFG’s revenue primarily includes revenue from the sales of licenses of Autodesk Product Design Suites, AutoCAD Mechanical, Delcam, and Autodesk Moldflow products.


PSEB includes Autodesk’s design product, AutoCAD. Autodesk’s AutoCAD product is a platform product that underpins the Company’s design product offerings for the industries it serves. For example, AEC and MFG offer tailored versions of AutoCAD software for the industries they serve. Autodesk’s AutoCAD product also provides a platform for Autodesk’s developer partners to build custom solutions for a range of diverse design-oriented markets. PSEB's revenue primarily includes revenue from sales of AutoCAD and AutoCAD LT, the AutoCAD Design Suite, and many other design products, including consumer design products, as well as from sales of licenses of other Autodesk's design products.


M&E consists of two product groups: Animation and Creative Finishing. Animation products, such as Autodesk Maya, Autodesk 3ds Max, and the Autodesk Entertainment Creation Suites, are sold as software only and provide tools for digital sculpting, modeling, animation, effects, rendering and compositing, for design visualization, visual effects, and games production. M&E products are also included in a number of PSEB, AEC, and MFG focused suites. Creative Finishing products, such as Autodesk Flame and Autodesk Lustre, provide editing, finishing, and visual effects design and color grading.


All of Autodesk’s reportable segments distribute their respective products primarily through authorized resellers and distributors and, to a lesser extent, through direct sales to end-users.


The accounting policies of the reportable segments are the same as those described in Note 1, “Business and Summary of Significant Accounting Policies.” Autodesk evaluates each segment’s performance on the basis of gross profit. Autodesk currently does not separately accumulate and report asset information by segment, except for goodwill, which is disclosed in Note 1, “Business and Summary of Significant Accounting Policies.”


Information concerning the operations of Autodesk’s reportable segments is as follows:

 
Fiscal year ended January 31,
 
2016
 
2015
 
2014
Net revenue:
 
 
 
 
 
Architecture, Engineering, and Construction
$
949.1

 
$
872.6

 
$
730.6

Manufacturing
724.6

 
675.6

 
579.4

Platform Solutions and Emerging Business
670.4

 
796.7

 
789.2

Media and Entertainment
160.0

 
167.3

 
174.7

 
$
2,504.1


$
2,512.2


$
2,273.9

Gross profit:
 
 
 
 
 
Architecture, Engineering, and Construction
$
857.0

 
$
785.8

 
$
663.8

Manufacturing
638.1

 
604.0

 
531.5

Platform Solutions and Emerging Business
572.0

 
712.3

 
716.8

Media and Entertainment
127.1

 
127.3

 
137.8

Unallocated (1)
(60.8
)
 
(59.3
)
 
(50.3
)
 
$
2,133.4


$
2,170.1


$
1,999.6

Depreciation, amortization and accretion:
 
 
 
 
 
Architecture, Engineering, and Construction
$
1.5

 
$
1.3

 
$
0.2

Manufacturing
1.3

 
3.0

 
0.9

Platform Solutions and Emerging Business
9.8

 
6.8

 
5.5

Media and Entertainment
0.2

 
0.3

 
0.2

Unallocated
133.0

 
134.5

 
122.1

 
$
145.8

 
$
145.9

 
$
128.9


_______________

(1)
Unallocated amounts primarily relate to corporate expenses and other costs and expenses that are managed outside the reportable segments, including stock-based compensation expense.

    

Information regarding Autodesk’s operations by geographic area is as follows:

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Net (Loss) Income Per Share


Basic net (loss) income per share is computed based on the weighted average number of shares of common stock outstanding for the period, excluding stock options and restricted stock units. Diluted net (loss) income per share is computed based upon the weighted average shares of common shares outstanding for the period and potentially dilutive common shares, including the effect of stock options and restricted stock units under the treasury stock method.

 
Fiscal year ended January 31,
 
2016
 
2015
 
2014
Net revenue:
 
 
 
 
 
Americas