Autodesk (ADSK) 10-K 19 Mar 10 2010 FY Annual report Financial data

Statement Of Income

Statement Of Income (USD $)
In Millions, except Per Share data	12 Months Ended Jan. 31, 2010	12 Months Ended Jan. 31, 2009	12 Months Ended Jan. 31, 2008
Net revenue:
License and other	980.7	1603.4	1618.6
Maintenance	733	711.8	553.3
Total net revenue	1713.7	2315.2	2171.9
Cost of revenue:
Cost of license and other revenue	179.9	210.2	199.1
Cost of maintenance revenue	11.9	8.9	8.6
Total cost of revenue	191.8	219.1	207.7
Gross profit	1521.9	2096.1	1964.2
Operating expenses:
Marketing and sales	731.9	900.7	847.7
Research and development	457.5	576.1	490.5
General and administrative	197.7	205.7	180.4
Impairment of goodwill and intangibles	21	128.9	0
Restructuring	48.2	40.2	0
Total operating expenses	1456.3	1851.6	1518.6
Income from operations	65.6	244.5	445.6
Interest and other income (expense), net	19.1	8	24.4
Income before income taxes	84.7	252.5	470
Provision for income taxes	-26.7	-68.9	-113.8
Net income	$58	183.6	356.2
Basic net income per share	0.25	0.81	1.55
Diluted net income per share	0.25	0.8	1.47
Shares used in computing basic net income per share	228.7	225.5	230.3
Shares used in computing diluted net income per share	232.1	230.1	242

Statement Of Financial Position

Statement Of Financial Position Classified (USD $)
In Millions	12 Months Ended Jan. 31, 2010	12 Months Ended Jan. 31, 2009
Current assets:
Cash and cash equivalents	838.7	917.6
Marketable securities	161.9	63.5
Accounts receivable, net	277.4	316.5
Deferred income taxes	44.2	31.1
Prepaid expenses and other current assets	57.4	59.3
Total current assets	1379.6	1,388
Marketable securities	125.6	7.6
Computer equipment, software, furniture and leasehold improvements, net	101.6	120.6
Purchased technologies, net	88	113.3
Goodwill	542.9	542.5
Deferred income taxes, net	101.9	125.7
Other assets	107.6	123
Assets, Total	2447.2	2420.7
Current liabilities:
Accounts payable	67.8	62.4
Accrued compensation	115.6	124.3
Accrued income taxes	8.4	16.7
Deferred revenue	444.6	438.8
Borrowings under line of credit	0	52.1
Other accrued liabilities	67.6	105.8
Total current liabilities	704	800.1
Deferred revenue	71.9	113.3
Long term income taxes payable	127.2	116.9
Long term deferred income taxes	0	22.7
Other liabilities	70.6	57
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value; 2.0 million shares authorized; none issued or outstanding at January 31, 2010 and 2009	0	0
Common stock and additional paid-in capital, $0.01 par value; 750.0 million shares authorized; 228.9 million shares outstanding at January 31, 2010 and 226.4 million shares outstanding at January 31, 2009	1204.3	1080.4
Accumulated other comprehensive income (loss)	-3.5	-11.2
Retained earnings	272.7	241.5
Total stockholders' equity	1473.5	1310.7
Liabilities and Stockholders' Equity, Total	2447.2	2420.7

1_Statement Of Financial Positi

Statement Of Financial Position Classified (Parenthetical) (USD $)
Share data in Millions, except Per Share data	Jan. 31, 2010	Jan. 31, 2009
Preferred stock, par value	0.01	0.01
Preferred stock, shares authorized	2	2
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	0.01	0.01
Common stock, shares authorized	750	750
Common stock, shares outstanding	228.9	226.4

Statement Of Cash Flows Indirec

Statement Of Cash Flows Indirect (USD $)
In Millions	12 Months Ended Jan. 31, 2010	12 Months Ended Jan. 31, 2009	12 Months Ended Jan. 31, 2008
Operating Activities
Net income	$58	183.6	356.2
Adjustments to reconcile net income to net cash provided by operating activities:
Charge for acquired in-process research and development	0	26.9	5.5
Depreciation and amortization	111.5	91.8	61.3
Stock-based compensation expense	93.6	89.5	99.3
Impairment of goodwill and intangibles	21	128.9	0
Restructuring charges, net	48.2	38.9	0
Changes in operating assets and liabilities, net of business combinations:
Accounts receivable	37.3	81.8	-78.3
Deferred income taxes	-13.5	-13.8	56.5
Prepaid expenses and other current assets	4.4	-7.8	-13.6
Accounts payable and accrued liabilities	-80.3	-93.6	81.4
Deferred revenue	(34)	40.8	125.6
Accrued income taxes	0.6	26.9	14.6
Net cash provided by operating activities	246.8	593.9	708.5
Investing Activities
Purchases of marketable securities	-568.9	-118.6	(727)
Sales of marketable securities	26.4	75	799.1
Maturities of marketable securities	328.7	8.4	0
Business combinations, net of cash acquired	-18.8	-364.5	-114.5
Capital expenditures	(39)	-78.4	-43.3
Purchase of equity investment	-11.4	0	0
Net cash used in investing activities	(283)	-478.1	-85.7
Financing Activities
Proceeds from issuance of common stock, net of issuance costs	70	90.1	187.3
Repurchases of common stock	-63.2	-256.6	(563)
Draws on line of credit	2.2	912.4	0
Repayments of line of credit	-54.3	-860.3	0
Net cash used in financing activities	-45.3	-114.4	-375.7
Effect of exchange rate changes on cash and cash equivalents	2.6	-1.7	4.9
Net increase (decrease) in cash and cash equivalents	-78.9	-0.3	252
Cash and cash equivalents at beginning of fiscal year	917.6	917.9	665.9
Cash and cash equivalents at end of fiscal year	838.7	917.6	917.9
Supplemental cash flow information:
Net cash paid during the period for income taxes	42.1	63.4	47.1
Supplemental non-cash investing activity:
Increase in goodwill and corresponding change in other accrued liabilities resulting from adjustments to purchase accounting estimates	0.7	2.8	6.4

Statement Of Shareholders Equit

Statement Of Shareholders Equity And Other Comprehensive Income (USD $)
In Millions	Common stock and additional paid-in capital	Comprehensive Income	Accumulated other comprehensive income (loss)	Retained earnings	Total
Beginning Balance at Jan. 31, 2007	908.3		-3.6	210.3	$1,115
Beginning Balance (in shares) at Jan. 31, 2007	231.1
Cumulative effect of the adoption of FIN 48	-1.4			26.4	25
Common shares issued under stock award and stock purchase plans (in shares)	11
Common shares issued under stock award and stock purchase plans	187.3				187.3
Compensation expense related to stock options	99.3				99.3
Tender offer	-4.4				-4.4
Tax benefits from employee stock plans	-2.3				-2.3
Comprehensive income:
Net income		356.2		356.2	356.2
Other comprehensive income, net of tax:
Change in net unrealized gain (loss) on marketable securities, net of tax		-0.4
Net change in cumulative foreign currency translation gain (loss)		17.8
Other comprehensive income (loss)		17.4	17.4		17.4
Comprehensive income (loss)		373.6
Repurchase and retirement of common shares (in shares)	-12.1
Repurchase and retirement of common shares	-188.5			-374.5	(563)
Ending Balance (in shares) at Jan. 31, 2008	230
Ending Balance at Jan. 31, 2008	998.3		13.8	218.4	1230.5
Common shares issued under stock award and stock purchase plans (in shares)	4.4
Common shares issued under stock award and stock purchase plans	90.1				90.1
Compensation expense related to stock options	89.5				89.5
Tax benefits from employee stock plans	-1.4				-1.4
Comprehensive income:
Net income		183.6		183.6	183.6
Other comprehensive income, net of tax:
Net gain (loss) on derivative instruments, net of tax		-0.2
Change in net unrealized gain (loss) on marketable securities, net of tax		0.4
Net change in cumulative foreign currency translation gain (loss)		-25.2
Other comprehensive income (loss)		(25)	(25)		(25)
Comprehensive income (loss)		158.6
Repurchase and retirement of common shares (in shares)	(8)
Repurchase and retirement of common shares	-96.1			-160.5	-256.6
Ending Balance (in shares) at Jan. 31, 2009	226.4				226.4
Ending Balance at Jan. 31, 2009	1080.4		-11.2	241.5	1310.7
Common shares issued under stock award and stock purchase plans (in shares)	5.2
Common shares issued under stock award and stock purchase plans	70.4				70.4
Compensation expense related to stock options	93.6				93.6
Tax benefits from employee stock plans	-3.7				-3.7
Comprehensive income:
Net income		58		58	58
Other comprehensive income, net of tax:
Net gain (loss) on derivative instruments, net of tax		2.5
Change in net unrealized gain (loss) on marketable securities, net of tax		1.5
Change in unfunded portion of pension plans		-5.9
Net change in cumulative foreign currency translation gain (loss)		9.6
Other comprehensive income (loss)		7.7	7.7		7.7
Comprehensive income (loss)		65.7
Repurchase and retirement of common shares (in shares)	-2.7
Repurchase and retirement of common shares	-36.4			-26.8	-63.2
Ending Balance (in shares) at Jan. 31, 2010	228.9				228.9
Ending Balance at Jan. 31, 2010	1204.3		-3.5	272.7	1473.5

Business and Summary of Signifi

Business and Summary of Significant Accounting Policies
	12 Months Ended Jan. 31, 2010
Business and Summary of Significant Accounting Policies	Note1.Business and Summary of Significant Accounting Policies Business Autodesk, Inc. (Autodesk or the Company) is a world leading design software and services companies, offering customers progressive business solutions through powerful technology products and services. The Company serves customers in the architectural, engineering and construction, manufacturing, geospatial mapping, digital media and entertainment markets. The Companys sophisticated software products enable its customers to experience their ideas before they are real by allowing them to create and document their designs and to visualize, simulate and analyze real-world performance early in the design process by creating digital prototypes. These capabilities give Autodesks customers the flexibility to optimize and improve their designs before they actually begin the building process, helping save time and money, improving quality and fostering innovation. Autodesk software products are sold globally, both directly to customers and through a network of resellers and distributors. Principles of Consolidation The accompanying consolidated financial statements include the accounts of Autodesk and its wholly-owned and majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in Autodesks consolidated financial statements and notes thereto. These estimates are based on information available as of the date of the consolidated financial statements. On a regular basis, management evaluates these estimates and assumptions. Actual results may differ materially from these estimates. Examples of significant estimates and assumptions made by management involve the determination of the fair value of goodwill, financial instruments, long-lived assets and other intangible assets the realizability of deferred tax assets and the fair value of stock awards(see Stock-Based Compensation Expense within this Note 1 and Note 4, Employee and Director Stock Plans, for further discussion). We also make assumptions, judgments and estimates in determining the accruals for uncertain tax positions, partner incentive programs, product returns reserves, allowances for doubtful accounts, asset retirement obligations and legal contingencies. Foreign Currency Translation The assets and liabilities of Autodesks foreign subsidiaries are translated from their respective functional currencies into U.S. dollars at the rates in effect at the balance sheet date, and revenue and expense amounts are translated at weighted average rates during the period. Foreign currency translation adjustments are recorded as other comprehensive income. Gains and losses realized from foreign currency transactions, those transactions denominated in currencies other than the foreign subsidiarys functional currency, are included in interest and other income, net. Derivative Financial Instruments Under its risk management strategy, Autodesk uses derivat

Financial Instruments and Hedgi

Financial Instruments and Hedging Activities
	12 Months Ended Jan. 31, 2010
Financial Instruments and Hedging Activities	Note2.Financial Instruments and Hedging Activities Financial Instruments Market values were determined for each individual security in the investment portfolio. The cost and fair value of Autodesks financial instruments are as follows: January31, 2010 January31, 2009 Amortized Cost FairValue Amortized Cost FairValue Cash and cash equivalents $ 838.7 $ 838.7 $ 917.6 $ 917.6 Marketable securitiesshort-term 164.8 161.9 63.5 63.5 Marketable securitieslong-term 124.4 125.6 7.6 7.6 Foreign currency forward and option contracts 2.3 3.9 2.4 2.1 Autodesk classifies its marketable securities as either short-term or long-term based on each instruments underlying contractual maturity date. Marketable securities with maturities of less than 12 months are classified as short-term and marketable securities with maturities greater than 12 months are classified as long-term. Autodesk may sell certain of its marketable securities prior to their stated maturities for strategic purposes and in anticipation of credit deterioration. Foreign currency forward and options contracts are included in Prepaid expenses and other current assets in the Consolidated Balance Sheets. Available-for-sale marketable securities include the following securities at January31, 2010 and 2009: January31, 2010 Amortized Cost Gross unrealized gains Gross unrealized losses Estimated Fair Value Short-term available-for-sale securities: Commercial paper and corporate securities $ 88.8 $ 0.2 $ 89.0 Certificates of deposit and time deposits 24.6 24.6 Money market funds 10.0 10.0 U.S. government agency securities 8.8 8.8 Municipal securities 2.8 2.8 Other 0.4 0.4 $ 135.4 $ 0.2 $ $ 135.6 Long-term available-for-sale securities: Corporate securities 94.9 $ 1.0 $ $ 95.9 U.S. government agency securities 9.1 0.1 9.2 Taxable auction-rate securities 7.6 7.6 Municipal securities 7.6 0.1 7.7 U.S. treasury securities 5.2 5.2 $ 124.4 $ 1.2 $ $ 125.6 January 31, 2009 Amortized Cost Gross unrealized gains Gross unrealized losses Estimated Fair Value Short-term available-for-sale securities: Money market funds and mutual funds $ 53.2 $ $ $ 53.2 Bank time deposits 10.3 10.3 $ 63.5 $ $ $ 63.5 Long-term available-for-sale securities: Taxable auction-rate securities $ 7.6 $ $ $ 7.6 $ 7.6 $ $ $ 7.6 The sales of available-for-sale securities in fiscal 2010, 2009 and 2008 result

Fair Value Measurements

Fair Value Measurements
	12 Months Ended Jan. 31, 2010
Fair Value Measurements	Note3.Fair Value Measurements Fair value is an exit price, representing the amount that would be received upon the sale of an asset, or the amount paid to transfer a liability in an orderly transaction between market participants.As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability.As a basis for considering such assumptions, Autodesk uses a three-tier value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs other than the quoted prices in active markets that are observable either directly or indirectly in active markets; and (Level 3) unobservable inputs in which there is little or no market data, which require Autodesk to develop its own assumptions. Whenever possible, Autodesk uses observable market data, and relies on unobservable inputs only when observable market data is not available, when determining fair value. On a recurring basis, Autodesk measures at fair value certain financial assets and liabilities, which consist of cash equivalents, marketable securities and foreign currency contracts. Autodesks cash equivalents and marketable securities are primarily classified within Level1 or Level 2 of the fair value hierarchy because they are valued primarily using quoted market prices, or alternative pricing sources and models utilizing market observable inputs with reasonable levels of price transparency. The Companys investments held in the International Fund at January31, 2010 are designated as Level 3 securities. The Company conducted its fair value assessment of the International Fund using Level 2 and Level 3 inputs. Management has reviewed the International Funds underlying securities portfolio which is substantially comprised of term deposits, money market funds, U.S. treasury bills and commercial paper. These securities are issued by highly-rated institutions.Normally, the Company would classify such investments within Level 2 of the fair value hierarchy. Management evaluated the fair value of its unit interest in the International Funds, considering risk of collection, timing and other factors. As a result of such evaluation, the Company has classified its holdings in the International Fund within Level 3 of the fair value hierarchy. These assumptions are inherently subjective and involve significant management judgment. Autodesks investments in auction rate securities are classified within Level3 because they are valued using a pricing model, and some of the inputs to this model are unobservable in the market. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table summarizes Autodesks investments and financial instruments measured at fair value on a recurring basis as of January31, 2010: Fair Value Measurements at January31, 2010 Using QuotedPrices in Active Markets for IdenticalAssets Significant Other Observable Inputs Significant Unobservable Inputs Total (Level 1) (Level 2) (Level 3) Assets

Employee and Director Stock Pla

Employee and Director Stock Plans
	12 Months Ended Jan. 31, 2010
Employee and Director Stock Plans	Note4.Employee and Director Stock Plans Stock Plans As of January31, 2010, Autodesk maintained two active stock option plans for the purpose of granting stock awards to employees and to non-employee members of Autodesks Board of Directors, the 2008 Employee Stock Plan (2008 Plan), which is available only to employees, and the 2000 Directors Option Plan, as amended (2000 Plan), which is available only to non-employee directors. Additionally, there are six expired or terminated plans with options outstanding, including the 2006 Stock Plan (2006 Plan), which was replaced by the 2008 Plan in March 2008. The 2008 Plan was approved by Autodesks stockholders in November 2007 and became effective in March 2008. Under this plan, 16.5million shares of Autodesk common stock, and 0.48million shares that remained available for issuance under the 2006 Stock Plan upon its expiration, were reserved for issuance. The 2008 Plan permits the grant of stock options, restricted stock and restricted stock units; however, no more than 2.5million of the shares reserved for issuance under the 2008 Plan may be issued pursuant to awards of restricted stock and restricted stock units. At January31, 2010, 6.7million shares were available for future issuance under the 2008 Plan. The 2008 Plan will expire in March2011. The 2000 Plan, which was approved by the stockholders in June 2000, allows for an automatic annual grant of stock awards to non-employee members of Autodesks Board of Directors. At January31, 2010, 0.6million shares were available for future issuance. The 2000 Plan expired on March15, 2010. Options granted under the 2008 Plan and the 2000 Plan vest over periods ranging from one to four years and generally expire within four to seven years from the date of grant. During fiscal 2010 and 2009, the exercise price of all stock options granted under these plans is equal to the fair market value of the stock on the grant date. On June11, 2009, Autodesks stockholders approved the 2010 Outside Directors Stock Plan (2010 Plan), which became effective March16, 2010. The 2010 Plan reserves 2.5million shares of Autodesk common stock, plus up to 0.5million shares available, but not previously granted, under the 2000 Plan. The 2010 Plan permits the grant of stock options and restricted stock awards to non-employee members of Autodesks Board of Directors. The 2010 Plan will expire in March 2020. The following sections summarize activity under Autodesks stock plans. Stock Options: A summary of stock option activity for the fiscal year ended January31, 2010 is as follows: Number of Shares Weighted averageprice per share (inthousands) Options outstanding at January31, 2009 26,818 $ 30.13 Granted 6,766 15.20 Exercised (2,036 ) 12.18 Canceled (2,465 ) 34.30 Options outstanding at January31, 2010 29,083 $ 27.56 Options exercisable at January31, 2010 17,027 $ 29.44 Options available for grant at January31, 2010 7,320 The total pre-tax intrinsic value of options exercised was $18.8 million in fiscal

Income Taxes

Income Taxes
	12 Months Ended Jan. 31, 2010
Income Taxes	Note 5.Income Taxes The provision for income taxes consists of the following: FiscalyearendedJanuary31, 2010 2009 2008 Federal: Current $ 12.3 $ 20.9 $ 5.4 Deferred (33.0 ) 0.7 50.0 State: Current 3.0 5.9 2.0 Deferred 7.1 (0.7 ) 10.4 Foreign: Current 34.1 54.2 50.4 Deferred 3.2 (12.1 ) (4.4 ) $ 26.7 $ 68.9 $ 113.8 During fiscal year 2009, the Company reduced its current Federal and state taxes payable by $2.7 million primarily related to excess tax benefits from non-qualified stock options, offsetting additional paid-in capital. Pursuant to accounting standards related to stock-based compensation, the Company has unrecorded excess stock option tax benefits of $143.6 million as of January31, 2010. These amounts will be credited to additional paid-in-capital when such amounts reduce cash taxes payable. Foreign pretax income was $253.9 million in fiscal 2010, $298.5 million in fiscal 2009, and $425.3 million in fiscal 2008. The differences between the U.S. statutory rate and the aggregate income tax provision are as follows: FiscalyearendedJanuary31, 2010 2009 2008 Income tax provision at U.S. Federal statutory rate $ 29.7 $ 88.3 $ 164.5 State income tax expense (benefit), net of the U.S. Federal benefit (0.6 ) (1.5 ) 3.6 Foreign income taxed at rates different from the U.S. statutory rate (22.7 ) (55.6 ) (64.7 ) Valuation allowance 14.9 (0.2 ) (0.3 ) Non-deductible stock-based compensation 11.7 11.8 15.8 Research and development tax credit benefit (4.7 ) (6.9 ) (5.8 ) Tax benefit from closure of income tax audits and decreases in uncertain tax positions (2.5 ) (6.2 ) (3.0 ) Officer compensation in excess of $1.0 million 0.3 0.2 0.7 Goodwill impairment 30.6 Non-deductible in-process research and development charge 7.0 Extraterritorial income exclusion 0.6 Other 0.6 1.4 2.4 $ 26.7 $ 68.9 $ 113.8 Significant components of Autodesks deferred tax assets and liabilities are as follows: January31, 2010 2009 Nonqualified stock options $ 57.5 $ 49.9 Research and development tax credit carryforwards 55.7 45.8 Foreign tax credit carryforwards 26.8 0.7 Accrued compensation and benefits 25.7 31.9 Other accruals not currently deductible for tax 17.8 13.4 Purchased technology and capitalized software 12.7 21.8 Fixed assets 12.0 14.2 Tax loss carryforwards 11.3 12.4 Capitalized research and development expenditures 3.4 5.2 Reserves for product returns and bad debts 2.1 3.4

Deferred Compensation

Deferred Compensation
	12 Months Ended Jan. 31, 2010
Deferred Compensation	Note 6.Deferred Compensation At January31, 2010, Autodesk had marketable securities totaling $287.5 million, of which $26.3 million related to investments in debt and equity securities that are held in a rabbi trust under non-qualified deferred compensation plans. The total related deferred compensation liability was $26.3 million at January31, 2010, of which $1.1 million was classified as current and $25.2 million was classified as non-current liabilities. The value of debt and equity securities held in the rabbi trust at January31, 2009 was $19.9 million. The total related deferred compensation liability at January31, 2009 was $19.9 million, of which $1.2 million was classified as current and $18.7 million was classified as non-current liabilities. The current and non-current portions of the liability are recorded in the Consolidated Balance Sheets under Accrued compensation and Other liabilities, respectively.

Borrowing Arrangements

Borrowing Arrangements
	12 Months Ended Jan. 31, 2010
Borrowing Arrangements	Note 7.Borrowing Arrangements Autodesk had no outstanding borrowings on its lines of credit as of January31, 2010. As of January31, 2009, Autodesk had $52.1 million of outstanding borrowings, which were recorded in Borrowings under line of credit on the balance sheet. This balance related to two lines of credit, a U.S. line of credit and a China line of credit. Autodesks U.S. line of credit facility permits unsecured short-term borrowings of up to $250.0 million, and is available for working capital or other business needs. The credit agreement contains customary covenants, which could restrict the imposition of liens on Autodesks assets, and restrict the Companys ability to incur additional indebtedness or make dispositions of assets if Autodesk fails to maintain its financial covenants. At January31, 2010, Autodesk had no outstanding borrowings on this line of credit. At January31, 2009, Autodesk had $50.0 million of outstanding borrowings on this line of credit. Autodesk drew on the U.S. line of credit during fiscal 2009 due to temporary differences between cash needs and cash availability in the U.S. During fiscal 2009 Autodesk principally used the facility to fund the 8.0million share stock repurchase and for the acquisition of Moldflow. This facility expires in August 2012. Autodesks China line of credit facility, which contains customary covenants, permits unsecured short-term borrowings of up to $5.0 million, and is available for working capital needs. At January31, 2010, Autodesk had no outstanding borrowings on this line of credit. At January31, 2009, Autodesk had $2.1 million of outstanding borrowings on this line of credit. Autodesk drew on this line of credit during fiscal 2009 due to temporary differences between cash needs and cash availability in China. The China facility is a short-term revolving facility which may be canceled or called at any time with 30 days written notice. The weighted average interest rate on Autodesks line of credit facilities was 1.01% at January31, 2009.

Commitments and Contingencies

Commitments and Contingencies
	12 Months Ended Jan. 31, 2010
Commitments and Contingencies	Note 8.Commitments and Contingencies Leases Autodesk leases office space and computer equipment under noncancellable operating lease agreements. The leases generally provide that Autodesk pay taxes, insurance and maintenance expenses related to the leased assets. Future minimum lease payments for fiscal years ended January31 are as follows: 2011 $ 60.1 2012 42.4 2013 33.5 2014 21.3 2015 15.4 Thereafter 51.1 223.8 Less: Sublease income (5.1 ) $ 218.7 Autodesk leases office space under arrangements expiring through 2023. Certain of these lease arrangements contain escalation clauses whereby monthly rent increases over time. Autodesk leases computer equipment under arrangements expiring through 2014. Rent expense is recognized on a straight-line basis over the lease period. Rent expense was $56.8 million in fiscal 2010, $73.1 million in fiscal 2009 and $49.6 million in fiscal 2008. Purchase commitments Autodesk, in the normal course of business, enters into various purchase commitments for goods or services. Total non-cancellable purchase commitments as of January31, 2010 were approximately $58.3 million for periods through fiscal 2015. These purchase commitments primarily result from contracts for the acquisition of IT infrastructure, marketing and software development services. Of the total purchase commitments, $16.9million related to a termination fee for an outsource application hosting services agreement entered into during fiscal 2006. This fee is reduced as time lapses during the five-year contract period. Autodesk has certain royalty commitments associated with the shipment and licensing of certain products. Royalty expense is generally based on a dollar amount per unit shipped or a percentage of the underlying revenue. Royalty expense, which was recorded under cost of license and other revenue on Autodesks Consolidated Statements of Operations, was $16.5 million in fiscal 2010, $17.1 million in fiscal 2009 and $14.9 million in fiscal 2008. Indemnifications In the normal course of business, Autodesk provides indemnifications of varying scopes, including limited product warranties and indemnification of customers against claims of intellectual property infringement made by third parties arising from the use of its products or services. Autodesk accrues for known indemnification issues if a loss is probable and can be reasonably estimated. Historically, costs related to these indemnifications have not been significant, but because potential future costs are highly variable, Autodesk is unable to estimate the maximum potential impact of these indemnifications on its future results of operations. In connection with the purchase, sale or license of assets or businesses with third parties, Autodesk has entered into or assumed customary indemnification agreements related to the assets or businesses purchased, sold or licensed. Historically, costs related to these indemnifications have not been significant, but because potential future costs are highly variable, Autodesk is unable to estimate the maximum

Stockholders' Equity

Stockholders' Equity
	12 Months Ended Jan. 31, 2010
Stockholders' Equity	Note 9.Stockholders Equity Preferred Stock Under Autodesks Certificate of Incorporation, 2.0million shares of preferred stock are authorized. At January31, 2010, there were no preferred shares issued or outstanding. The Board of Directors has the authority to issue the preferred stock in one or more series and to fix rights, preferences, privileges and restrictions, including dividends, and the number of shares constituting any series or the designation of such series, without any further vote or action by the stockholders. Common Stock Repurchase Programs Autodesk has a stock repurchase program that helps offset the dilution to net income per share caused by the issuance of stock under the Companys employee stock plans and returns excess cash generated from its business to stockholders. During fiscal 2010, Autodesk repurchased and retired 2.7million shares at an average repurchase price of $23.63 per share, 8.0million shares in fiscal 2009 at an average repurchase price of $32.06 per share and 12.1million shares in fiscal 2008 at an average repurchase price of $46.43. Common stock and additional paid-in capital and retained earnings were reduced by $36.4 million and $26.8 million, respectively for the year ended January31, 2010 and $96.1 million and $160.5 million, respectively, for the year ended January31, 2009, as a result of the stock repurchases. At January31, 2010, 13.5million shares remained available for repurchase under repurchase plans approved by the Board of Directors. In fiscal 2010, 2009 and 2008, Autodesk repurchased its common stock through open market purchases. The number of shares acquired and the timing of the purchases are based on several factors, including general market conditions, the number of employee stock option exercises, the trading price of Autodesk common stock, cash on hand and available in the United States, and company defined trading windows.

Interest and Other Income, net

Interest and Other Income, net
	12 Months Ended Jan. 31, 2010
Interest and Other Income, net	Note 10.Interest and Other Income, net Interest and other income, net, consists of the following: FiscalYearEndedJanuary31, 2010 2009 2008 Interest and investment income, net $ 10.0 $ 13.6 $ 33.4 Investment impairment (5.9 ) (4.0 ) Gain (loss) foreign currency 5.0 (1.0 ) 0.2 Gain (loss) on cost method investment (5.0 ) Loss from unconsolidated subsidiary (3.4 ) Other income (expense) 4.1 1.3 3.2 $ 19.1 $ 8.0 $ 24.4

Comprehensive Income

Comprehensive Income
	12 Months Ended Jan. 31, 2010
Comprehensive Income	Note 11.Comprehensive Income The components of other comprehensive income, net of taxes, were as follows: January31, 2010 2009 2008 Net income $ 58.0 $ 183.6 $ 356.2 Other comprehensive income (loss): Net gain (loss) on derivative instruments, net of tax 2.5 (0.2 ) Change in net unrealized gain (loss) on available-for-sale securities, net of tax 1.5 0.4 (0.4 ) Change in unfunded portion of pension plans (5.9 ) Net change in cumulative foreign currency translation gain (loss) 9.6 (25.2 ) 17.8 Total other comprehensive income (loss) 7.7 (25.0 ) 17.4 Total comprehensive income $ 65.7 $ 158.6 $ 373.6 Accumulated other comprehensive income (loss), net of taxes, was comprised of the following at January31: January31, 2010 2009 2008 Net gain (loss) on derivative instruments $ 2.3 $ (0.2 ) $ Net unrealized gain (loss) on available-for-sale securities 1.5 (0.4 ) Unfunded portion of pension plans (5.9 ) Foreign currency translation adjustments (1.4 ) (11.0 ) 14.2 $ (3.5 ) $ (11.2 ) $ 13.8

Net Income Per Share

Net Income Per Share
	12 Months Ended Jan. 31, 2010
Net Income Per Share	Note 12.Net Income Per Share Basic net income per share is computed using the weighted average number of shares of common stock outstanding for the period, including restricted stock awards and excluding stock options and restricted stock units. Diluted net income per share is based upon the weighted average shares of common stock outstanding for the period and potentially dilutive common shares, including the effect of stock options and restricted stock units under the treasury stock method. The following table sets forth the computation of the numerators and denominators used in the basic and diluted net income per share amounts: FiscalYearEndedJanuary31, 2010 2009 2008 Numerator: Net income $ 58.0 $ 183.6 $ 356.2 Denominator: Denominator for basic net income per shareweighted average shares 228.7 225.5 230.3 Effect of dilutive securities 3.4 4.6 11.7 Denominator for dilutive net income per share 232.1 230.1 242.0 Basic net income per share $ 0.25 $ 0.81 $ 1.55 Diluted net income per share $ 0.25 $ 0.80 $ 1.47 The computation of diluted net income per share does not include shares that are anti-dilutive under the treasury stock method because their exercise prices are higher than the average market value of Autodesks stock during the fiscal year. For the fiscal years ended January31, 2010, 2009 and 2008, 21.3million, 15.8million and 6.8million potentially anti-dilutive shares, respectively, were excluded from the computation of net income per share.

Segments

Segments
	12 Months Ended Jan. 31, 2010
Segments	Note 13.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 Companys reportable segments. Autodesk has four reportable segments: Platform Solutions and Emerging Business (PSEB), Architecture, Engineering and Construction (AEC), Manufacturing (MFG) and Media and Entertainment (ME). Location Services, which Autodesk disposed of in February 2009, is not included in any of the above reportable segments, and is reflected as Other. Autodesk has no material inter-segment revenue. The PSEB, AEC and MFG 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. Our ME 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. PSEB includes Autodesks horizontal design product AutoCAD product. Autodesks AutoCAD product is a platform product that underpins the Companys vertical design product offerings for the industries it serves. For example, AEC and MFG offer tailored versions of AutoCAD software for the industries they serve.Autodesks AutoCAD product also provides a platform for Autodesks developer partners to build custom solutions for a range of diverse design-oriented markets. PSEBs revenue primarily includes revenue from sales of licenses of Autodesks horizontal design products, AutoCAD and AutoCAD LT, as well as many of Autodesks vertical design products. 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 building information modeling (BIM), AutoCAD-based design and documentation productivity software, and 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. AECs revenue primarily includes revenue from the sales of licenses of Autodesk Revit, AutoCAD Civil 3D, AutoCAD Architecture and AutoCAD Map 3D products. MFG provides the manufacturers in automotive and transportation, industrial machinery, consumer products and building products with comprehensive digital prototyping solutions that brings together design data from all phases of the product development process to develop a single digital mod

Business Combinations

Business Combinations
	12 Months Ended Jan. 31, 2010
Business Combinations	Note 14.Business Combinations The results of operations of the following acquisitions are included in the accompanying Consolidated Statements of Operations since the acquisition dates, and the related assets and liabilities were recorded based upon their relative fair values at their respective acquisition dates. Pro forma financial information has not been presented as their historical operations were not material to Autodesks Consolidated Financial Statements either individually or in the aggregate. Fiscal 2010 Acquisitions PlanPlatform In November 2009, Autodesk acquired all of the outstanding shares of PlanPlatform Ltd. (PlanPlatform), based in Tel Aviv, Israel. PlanPlatform was engaged in the business of designing and developing a web collaboration tool for AutoCAD. The acquisition of PlanPlatform further expanded Autodesks expertise in emerging technologies and remote application delivery and provided a design team with knowledge of web-based design applications. Autodesk incorporated PlanPlatform into its PSEB segment. Managements allocation of the purchase price consideration, based on a valuation of the acquired assets and liabilities, was as follows: PlanPlatform: In-process research and development $ 1.3 Goodwill 14.1 Net tangible assets 2.6 $ 18.0 In-process research and development represents incomplete research and development projects that had not reached technological feasibility. Total in-process research and development related to PlanPlatform of $1.3 million was capitalized and will be held as an indefinite lived asset and tested at least annually for impairment until such time that technological feasibility is achieved. The $14.1 million of goodwill, which represents the excess of the purchase price over the fair value of the acquired net tangible and intangible assets, is deductible for tax purposes. Fiscal 2009 Acquisitions Moldflow In June 2008, Autodesk acquired Moldflow Corporation (Moldflow), based in Framingham, Massachusetts. Moldflow software solutions are used for the design and engineering of injection-molded plastic parts. The acquisition of Moldflow added simulation and optimization capabilities to Autodesks digital prototyping solution portfolio. Autodesk acquired Moldflow for $22.00 per share, or approximately $183.5 million cash, net of cash acquired. The acquisition was structured as a cash tender offer for all the outstanding shares of Moldflow common stock. Autodesk incorporated Moldflow into Autodesks MFG segment. Managements allocation of the purchase price consideration, based on a valuation of the acquired assets and liabilities, was as follows: Developed technologies (6 year useful life) $ 33.1 Customer relationships (6 year useful life) 32.6 Trade name (6 year useful life) 6.9 In-process research and development 16.2 Goodwill 125.7 Deferred revenue (3.0 ) Restructuring reserve (2.9 ) Deferred tax assets 7.0 Deferred tax liabilities (30.7 ) Net tangible assets 94.3 $ 279.2 In-p

Retirement Benefit Plans

Retirement Benefit Plans
	12 Months Ended Jan. 31, 2010
Retirement Benefit Plans	Note 15.Retirement Benefit Plans Pretax Savings Plan Autodesk has a 401(k) plan that covers nearly all U.S. employees. Eligible employees may contribute up to 50% of their pretax salary, subject to limitations mandated by the Internal Revenue Service. Autodesk makes voluntary cash contributions and matches a portion of employee contributions in cash. Autodesks contributions were $7.1 million in fiscal 2010, $7.8 million in fiscal 2009 and $8.6 million in fiscal 2008. Autodesk does not allow participants to invest in Autodesk common stock through the 401(k) plan. Other Plans Autodesk provides certain defined benefit pension plans to employees primarily located in countries outside of the U.S. The Company deposits funds for certain of these plans, consistent with the requirements of local law, with insurance companies or third-party trustees, and accrue for the unfunded portion of the obligation, where material. The assumptions used in calculating the obligation for these plans depend on the local economic environment. The net liability related to the funded status of the plans was approximately $12.5 million and $8.3 million as of January31, 2010 and 2009, respectively. The projected benefit obligation was $36.2 million and $29.1 million as of January31, 2010 and 2009, respectively. The related fair value of plan assets was $23.7 million and $20.8 million as of January31, 2010 and 2009, respectively. Our practice is to fund the pension plans in amounts at least sufficient to meet the minimum requirements of local laws and regulations. The assets of the plans are primarily invested in high quality fixed income investments. Our contributions were approximately $3.4 million, $3.2 million and $3.0 million in fiscal 2010, 2009 and 2008, respectively. Our estimated future benefit payments are an aggregate $10.9 million for fiscal 2011 through fiscal 2015 and an aggregate of $10.4 million for fiscal 2016 through fiscal 2020. Autodesk recorded $5.9 million of unrealized changes in the unfunded portion of Autodesks defined benefit plans in fiscal 2010. The unrealized changes in the unfunded portion of Autodesks defined benefit plans were not recorded in years prior to fiscal 2010 because the amounts were immaterial. Autodesk also provides defined contribution plans in certain foreign countries where required by statute. Autodesks funding policy for foreign defined contribution plans is consistent with the local requirements in each country. Autodesks contributions to these plans were $8.2 million in fiscal 2010, $12.0 million in fiscal 2009 and $8.2 million in fiscal 2008. In addition, Autodesk offers a non-qualified deferred compensation plan to certain key employees whereby they may defer a portion (or all) of their annual compensation until retirement or a different date specified by the employee in accordance with terms of the plan. See Note 6, Deferred Compensation, for further discussion.

Restructuring Reserves

Restructuring Reserves
	12 Months Ended Jan. 31, 2010
Restructuring Reserves	Note 16.Restructuring Reserves In the fourth quarter of fiscal 2009, Autodesk initiated a restructuring program in order to reduce operating costs. This program reduced the number of employees by approximately 700 globally and resulted in the consolidation of approximately 27 leased facilities (Fiscal 2009 Plan). During the second quarter of fiscal 2010, Autodesk initiated an additional restructuring program in order to reduce its operating expenses. This plan resulted in a staff reduction of approximately 430 positions globally and resulted in the consolidation of approximately 32 leased facilities around the world (Fiscal 2010 Plan). In connection with these restructuring plans, Autodesk recorded restructuring and impairment charges of $48.2 million and $40.2 million during the fiscal years ended January31, 2010 and 2009, respectively. Of these amounts, $24.3 million and $36.7 million were recorded for one-time termination benefits and other costs during fiscal 2010 and 2009, respectively, and $23.9 million and $3.5 million were recorded for facilities-related costs during fiscal 2010 and 2009, respectively. The one-time termination benefits have substantially been paid as of January31, 2010. Autodesk expects to pay the facility related liabilities through fiscal 2018. The following table sets forth the restructuring activities for the fiscal years ended January31, 2010 and 2009. Balance at January31, 2009 Additions Payments Adjustments(1) Balance at January31, 2010 Fiscal 2010 Plan Employee termination costs $ $ 20.0 $ (18.2 ) $ (1.0 ) $ 0.8 Lease termination and asset costs 9.9 (3.4 ) (0.4 ) 6.1 Fiscal 2009 Plan Employee termination costs 35.4 5.8 (37.8 ) (2.4 ) 1.0 Lease termination and asset costs 2.8 12.2 (6.7 ) (0.1 ) 8.2 Other Employee termination costs 0.9 0.3 (0.4 ) (0.4 ) 0.4 Lease termination costs 4.8 0.7 (1.8 ) (0.8 ) 2.9 Total $ 43.9 $ 48.9 $ (68.3 ) $ (5.1 ) $ 19.4 Current portion(2) $ 38.4 $ 11.4 Non-current portion(2) 5.5 8.0 Total $ 43.9 $ 19.4 Balance at January 31, 2008 Additions Charges Utilized Adjustments(1) Balance at January 31, 2009 Fiscal 2009 Plan Employee termination costs $ $ 36.7 $ (1.3 ) $ $ 35.4 Lease termination and asset costs 2.8 2.8 Other Employee termination costs 0.8 1.6 (1.5 ) 0.9 Lease termination costs 4.8 1.9 (1.9 ) 4.8 Total $ 5.6 $ 43.0 $ (4.7 ) $ $ 43.9 Current portion(2)

Selected Quarterly Financial In

Selected Quarterly Financial Information (Unaudited)
	12 Months Ended Jan. 31, 2010
Selected Quarterly Financial Information (Unaudited)	Note 17.Selected Quarterly Financial Information (Unaudited) Summarized quarterly financial information for fiscal 2010 and 2009 is as follows: 2010 1stquarter 2ndquarter 3rdquarter 4thquarter Fiscalyear Net revenue $ 425.8 $ 414.9 $ 416.9 $ 456.1 $ 1,713.7 Gross profit 373.5 364.8 371.9 411.7 1,521.9 Income (loss) before income taxes (19.4 ) 13.4 32.0 58.7 84.7 Net income (loss) (32.1 ) 10.5 29.5 50.1 58.0 Basic net income (loss) per share $ (0.14 ) $ 0.05 $ 0.13 $ 0.22 $ 0.25 Diluted net income (loss) per share $ (0.14 ) $ 0.05 $ 0.13 $ 0.21 $ 0.25 2009 1st quarter 2nd quarter 3rd quarter 4th quarter Fiscal year Net revenue $ 598.8 $ 619.5 $ 607.1 $ 489.8 $ 2,315.2 Gross profit 540.8 559.8 554.2 441.3 2,096.1 Income (loss) before income taxes 126.8 125.1 136.2 (135.6 ) 252.5 Net income (loss) 94.6 89.8 104.5 (105.3 ) 183.6 Basic net income (loss) per share $ 0.42 $ 0.40 $ 0.46 $ (0.47 ) $ 0.81 Diluted net income (loss) per share $ 0.41 $ 0.39 $ 0.45 $ (0.47 ) $ 0.80 The first, second, third and fourth quarters of fiscal 2010 include stock-based compensation expense of $23.0 million, $21.4 million, $30.3million and $18.9 million, respectively. Results for the first quarter of fiscal 2010 include a $21.0 million charge for goodwill impairment. The first, second, third and fourth quarters of fiscal 2010 include restructuring charges of $16.5 million, $26.4 million, $4.9 million and $0.4 million, respectively. Results for the first, second, third and fourth quarters of fiscal 2010 include amortization of acquisition-related intangibles of $14.7 million, $15.0 million, $15.1 million and $13.6 million, respectively. Autodesk also recognized a discrete non-cash tax charge of $21.0 million during the first quarter of fiscal 2010 related to a change in expected future tax rates and the establishment of a valuation allowance against California deferred tax assets. Results for the fourth quarter of fiscal 2009 include a $128.9 million charge for goodwill and intangibles impairment, and a $40.2 million charge for restructuring. Results for the first, second, third and fourth quarters of fiscal 2009 include amortization of acquisition-related intangibles of $6.5 million, $28.5 million, $14.8 million and $23.7 million, respectively. Autodesk also recognized income tax benefits of $6.1 million during the fourth quarter of fiscal 2009 from closure of income tax audits and other decreases in FIN 48 reserves.

FINANCIAL STATEMENT SCHEDULE II

FINANCIAL STATEMENT SCHEDULE II
	12 Months Ended Jan. 31, 2010
FINANCIAL STATEMENT SCHEDULE II	FINANCIAL STATEMENT SCHEDULE II Description Balanceat Beginning of Year Additions Chargedto Costs and Expensesor Revenues Deductions and Write-Offs Balanceat EndofYear (in millions) Fiscal year ended January31, 2010 Allowance for doubtful accounts $ 8.6 $ 1.7 $ 5.7 $ 4.6 Product returns reserves 12.5 42.9 43.6 11.8 Restructuring 43.9 48.9 73.4 19.4 Fiscal year ended January31, 2009 Allowance for doubtful accounts $ 7.8 $ 5.1 $ 4.3 $ 8.6 Product returns reserves 14.3 53.1 54.9 12.5 Restructuring 5.6 43.0 4.7 43.9 Fiscal year ended January31, 2008 Allowance for doubtful accounts $ 9.9 $ (0.6 ) $ 1.5 $ 7.8 Product returns reserves 18.2 43.3 47.2 14.3 Restructuring 6.0 1.3 1.7 5.6

Document Information

Document Information
	12 Months Ended Jan. 31, 2010
Document Type	10-K
Amendment Flag	false
Document Period End Date	2010-01-31

Entity Information

Entity Information (USD $)
	12 Months Ended Jan. 31, 2010	Mar. 12, 2010	Jul. 31, 2009
Trading Symbol	ADSK
Entity Registrant Name	AUTODESK INC
Entity Central Index Key	0000769397
Current Fiscal Year End Date	--01-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		229,300,000
Entity Public Float			$5,000,000,000