NASDAQ$ADSK

Autodesk, Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Autodesk reported strong Q4 2020 earnings, exceeding expectations for revenue, earnings, and free cash flow.

Autodesk announced fiscal year 2020 fourth quarter results with a total revenue increase of 22% to $899 million. GAAP operating margin was 15 percent, up 9 percentage points and non-GAAP operating margin was 29 percent, up 10 percentage points. GAAP diluted EPS was $0.59 and non-GAAP diluted EPS was $0.92.

  • Total ARR increased 25 percent to $3.43 billion.
  • Billings increased 43 percent to $1.49 billion.
  • Total revenue increased 22 percent to $899 million; recurring revenue represents 95 percent of total.
  • Cash flow from operating activities was $698 million; free cash flow was $684 million.

Headline financials

Total Revenue

$899M

Previous: $737M+22.0%
EPS (adj)

$0.92

Previous: $0.46+100.0%
Billings

$1.49B

No prior period
GAAP Operating Margin

15.0%

No prior period
Non-GAAP Operating Margin

29.0%

No prior period
Capital Expenditures

$14M

Previous: $17.6M-20.5%
Free Cash Flow

$684M

Previous: $294M+132.7%
Net Income

$132M

Previous: $64.7M+103.7%
Operating Income

$134M

Previous: $40.3M+232.0%
Gross Profit

$816M

Previous: $660M+23.6%
Cash & Equivalents

$1.77B

Previous: $886M+100.3%
Total Assets

$6.18B

Previous: $4.73B+30.7%
Stock-Based Comp

$105M

Previous: $74M+41.9%

Revenue & EPS history

Autodesk · Revenue · Quarterly

$899M

Q4 2020+22%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Autodesk · $512M total across 3 segments · Q4 2020

  • AutoCAD and AutoCAD LT
    $258M
  • MFG
    $202M
  • M&E
    $52.3M

Forward guidance

Autodesk's business outlook for the first quarter and full year fiscal 2021 takes into consideration the current economic environment and foreign exchange currency rate environment.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-0.4%

Avg return

Earnings day

+0.0%

Avg return

5 days after

-0.1%

Avg return

30 days after

47%

34 / 73 earnings

Positive

+17.0%

Q1 2018

Best reaction

-18.9%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026-1.8%+10.5%-1.5%
Q3 2026-3.6%+3.6%+2.1%
Q2 2026+8.9%+10.1%+11.9%
Q1 2026+0.2%+1.4%+0.7%
Q4 2025-2.9%-5.4%-7.3%
Q3 2025-9.0%-8.6%-6.0%
Q2 2025+1.5%+1.3%+6.8%
Q1 2025+2.2%+3.5%+14.0%
Q4 2024+3.7%-3.1%+2.0%
Q3 2024-7.8%-7.4%+10.1%
Q2 2024+4.0%+8.2%+1.7%
Q1 2024+1.1%-0.9%+2.7%
Q4 2023-11.2%-8.3%-7.6%
Q3 2023-4.6%-2.8%-8.9%
Q2 2023+3.1%-3.7%-13.6%
Q1 2023+13.3%+11.4%+3.2%
Q4 2022+5.1%+2.4%+1.5%
Q3 2022-17.3%-18.1%-9.5%
Q2 2022-9.1%-8.1%-13.6%
Q1 2022-2.3%-3.8%-1.3%
Q4 2021-7.7%-7.0%-10.0%
Q3 2021+5.4%+6.0%+17.2%
Q2 2021-1.4%-1.8%-12.2%
Q1 2021+1.6%+9.9%+16.6%
Q4 2020+0.1%-5.3%-25.8%
Q3 2020+6.7%+7.1%+9.1%
Q2 2020-5.2%-3.4%+0.9%
Q1 2020-7.4%-7.4%-1.8%
Q4 2019-2.7%-5.8%-5.1%
Q3 2019+7.4%+5.5%-0.6%
Q2 2019+14.8%+14.5%+11.3%
Q1 2019-4.7%-7.0%-2.0%
Q4 2018+15.8%+17.2%+7.7%
Q3 2018-16.0%-17.8%-19.3%
Q2 2018+3.9%+0.6%+1.0%
Q1 2018+17.0%+20.2%+11.6%
Q4 2017-4.1%-7.7%-2.8%
Q3 2017-3.4%-6.1%-0.3%
Q2 2017+9.0%+7.7%+13.5%
Q1 2017-2.7%
Q4 2016+4.1%
Q3 2016-1.1%
Q2 2016-3.3%
Q1 2016-1.4%
Q4 2015+3.6%
Q3 2015+4.8%
Q2 2015-5.6%
Q1 2015+7.5%
Q4 2014-0.7%
Q3 2014+8.3%
Q2 2014+9.2%
Q1 2014-5.9%
Q4 2013-3.0%
Q3 2013+3.4%
Q2 2013-15.1%
Q1 2013-15.7%
Q4 2012-0.4%
Q3 2012+5.9%
Q2 2012-18.9%
Q1 2012-4.4%
Q4 2011+6.3%
Q3 2011+0.7%
Q2 2011+5.7%
Q1 2011+0.6%
Q4 2008+0.3%
Q4 2010+0.3%
Q3 2010-4.0%
Q3 2009-4.0%
Q2 2010-3.4%
Q2 2009-3.4%
Q4 2009-0.1%
Q1 2010-0.1%
Q1 2009-0.1%

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