Stock Analysis on Net

Autodesk Inc. (NASDAQ:ADSK)

Analysis of Investments

Microsoft Excel LibreOffice Calc

Adjustment to Net Income (Loss): Mark to Market Available-for-sale Securities

Autodesk Inc., adjustment to net income (loss)

US$ in thousands

Microsoft Excel LibreOffice Calc
12 months ended: Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016
Net income (loss) (as reported) 1,208,200  214,500  (80,800) (566,900) (582,100) (330,500)
Add: Change in net unrealized gain (loss) on available-for-sale securities, net of tax 1,700  1,400  2,000  (200) 1,300  (1,400)
Net income (loss) (adjusted) 1,209,900  215,900  (78,800) (567,100) (580,800) (331,900)

Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).


Adjusted Profitability Ratios: Mark to Market Available-for-sale Securities (Summary)

Autodesk Inc., adjusted profitability ratios

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016
Net Profit Margin
Reported net profit margin 31.88% 6.55% -3.14% -27.56% -28.66% -13.20%
Adjusted net profit margin 31.92% 6.59% -3.07% -27.57% -28.60% -13.25%
Return on Equity (ROE)
Reported ROE 125.14% -79.35% -20.41%
Adjusted ROE 125.31% -79.17% -20.49%
Return on Assets (ROA)
Reported ROA 16.60% 3.47% -1.71% -13.78% -12.13% -5.99%
Adjusted ROA 16.62% 3.49% -1.67% -13.79% -12.10% -6.02%

Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. Autodesk Inc. adjusted net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. Autodesk Inc. adjusted ROA improved from 2019 to 2020 and from 2020 to 2021.

Autodesk Inc., Profitability Ratios: Reported vs. Adjusted


Adjusted Net Profit Margin

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016
As Reported
Selected Financial Data (US$ in thousands)
Net income (loss) 1,208,200  214,500  (80,800) (566,900) (582,100) (330,500)
Net revenue 3,790,400  3,274,300  2,569,800  2,056,600  2,031,000  2,504,100 
Profitability Ratio
Net profit margin1 31.88% 6.55% -3.14% -27.56% -28.66% -13.20%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income (loss) 1,209,900  215,900  (78,800) (567,100) (580,800) (331,900)
Net revenue 3,790,400  3,274,300  2,569,800  2,056,600  2,031,000  2,504,100 
Profitability Ratio
Adjusted net profit margin2 31.92% 6.59% -3.07% -27.57% -28.60% -13.25%

Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).

2021 Calculations

1 Net profit margin = 100 × Net income (loss) ÷ Net revenue
= 100 × 1,208,200 ÷ 3,790,400 = 31.88%

2 Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Net revenue
= 100 × 1,209,900 ÷ 3,790,400 = 31.92%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. Autodesk Inc. adjusted net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Adjusted Return on Equity (ROE)

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016
As Reported
Selected Financial Data (US$ in thousands)
Net income (loss) 1,208,200  214,500  (80,800) (566,900) (582,100) (330,500)
Stockholders’ equity (deficit) 965,500  (139,100) (210,900) (256,000) 733,600  1,619,600 
Profitability Ratio
ROE1 125.14% -79.35% -20.41%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income (loss) 1,209,900  215,900  (78,800) (567,100) (580,800) (331,900)
Stockholders’ equity (deficit) 965,500  (139,100) (210,900) (256,000) 733,600  1,619,600 
Profitability Ratio
Adjusted ROE2 125.31% -79.17% -20.49%

Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).

2021 Calculations

1 ROE = 100 × Net income (loss) ÷ Stockholders’ equity (deficit)
= 100 × 1,208,200 ÷ 965,500 = 125.14%

2 Adjusted ROE = 100 × Adjusted net income (loss) ÷ Stockholders’ equity (deficit)
= 100 × 1,209,900 ÷ 965,500 = 125.31%


Adjusted Return on Assets (ROA)

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016
As Reported
Selected Financial Data (US$ in thousands)
Net income (loss) 1,208,200  214,500  (80,800) (566,900) (582,100) (330,500)
Total assets 7,279,800  6,179,300  4,729,200  4,113,600  4,798,100  5,515,300 
Profitability Ratio
ROA1 16.60% 3.47% -1.71% -13.78% -12.13% -5.99%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income (loss) 1,209,900  215,900  (78,800) (567,100) (580,800) (331,900)
Total assets 7,279,800  6,179,300  4,729,200  4,113,600  4,798,100  5,515,300 
Profitability Ratio
Adjusted ROA2 16.62% 3.49% -1.67% -13.79% -12.10% -6.02%

Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).

2021 Calculations

1 ROA = 100 × Net income (loss) ÷ Total assets
= 100 × 1,208,200 ÷ 7,279,800 = 16.60%

2 Adjusted ROA = 100 × Adjusted net income (loss) ÷ Total assets
= 100 × 1,209,900 ÷ 7,279,800 = 16.62%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. Autodesk Inc. adjusted ROA improved from 2019 to 2020 and from 2020 to 2021.