Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Enterprise Value (EV)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
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Autodesk Inc., consolidated income statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).
- Subscription and Maintenance Revenue
- Subscription revenue exhibited a consistent upward trend from April 2018 to July 2024, increasing from $350 million to $1,457 million. Maintenance revenue showed a steady decline over the same period, dropping from $181 million to $9 million, reflecting a strategic shift from maintenance to subscription-based revenue streams. Combined subscription and maintenance revenue increased overall, indicating growth in recurring revenues despite the decline in maintenance.
- Other Revenue
- Other revenue displayed variability throughout the periods, with intervals of increases often followed by declines. Notable peaks occurred around January 2021 and January 2024, indicating occasional rises in non-subscription and maintenance revenues contributing to net revenue growth.
- Net Revenue
- Net revenue generally trended upward from $560 million in April 2018 to a peak of $1,570 million by July 2024, with minor short-term fluctuations. This growth was primarily driven by increasing subscription revenues, offsetting the decline in maintenance revenue. The company's revenue diversification through other revenue streams contributed intermittently to net revenue.
- Cost of Revenue and Gross Profit
- Total cost of revenue grew gradually from $67 million in April 2018 to $147 million in October 2024. Cost of subscription and maintenance revenue accounted for the largest portion, increasing moderately but controlled relative to higher subscription revenues. Amortization of developed technologies increased over time, indicating rising capitalized technology costs. Gross profit followed net revenue trends, increasing from $493 million to $1,423 million, though fluctuations occurred likely reflecting operational cost management challenges.
- Operating Expenses
- Marketing and sales expenses steadily increased from $276 million to $525 million, reflecting ongoing investment in customer acquisition and retention. Research and development costs also rose from $173 million to $378 million, indicating a strong commitment to innovation and product development. General and administrative expenses showed an upward trend post-2020, including a notable spike in January 2022, which may relate to organizational restructuring or increased overheads. Overall, operating expenses increased, consistent with the company’s expansion strategy.
- Profitability Metrics
- Income from operations improved from a loss of $55 million in April 2018 to positive income exceeding $300 million from late 2022 onward, demonstrating operational profitability improvement. Income before income taxes followed a similar trajectory, becoming positive from October 2018 and increasing to over $350 million by mid-2024. Provision for income taxes showed considerable variability, with occasional large benefits and provisions indicating tax strategy adjustments or volatile tax expense recognition. Net income reflected this pattern, turning positive from January 2019 and showing significant growth, including spikes in January 2021 and continuing robust profitability through mid-2024.
- Summary
- The data reveals a successful strategic transition toward subscription-based revenue with consistent growth, offset by declining maintenance revenues. Cost management appears effective relative to revenue growth, supporting gross profit increase. Growing investments in sales, marketing, and research align with expansion goals but impact operating expenses. Profitability metrics confirm improvement from losses to sustainable profits, although tax provisions add periodic volatility. Overall, the financial trends suggest strengthening financial health, driven by subscription growth and controlled cost escalation.