Goodwill and Intangible Asset Disclosure
Adjustments to Financial Statements: Removal of Goodwill
Adjusted Financial Ratios: Removal of Goodwill (Summary)
Adjusted Total Asset Turnover
Adjusted Financial Leverage
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

Autodesk Inc., balance sheet: goodwill and intangible assets

US$ in millions

	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019
Goodwill	3,653)	3,625)	3,604)	2,707)	2,445)	2,451)
Customer relationships	664)	659)	667)	437)	—)	—)
Developed technologies	933)	858)	847)	698)	647)	670)
Trade names and patents	116)	116)	116)	112)	—)	—)
Other	8)	—)	—)	—)	532)	533)
Intangible assets, gross carrying amount	1,721)	1,633)	1,630)	1,247)	1,179)	1,203)
Accumulated amortization	(1,315)	(1,226)	(1,136)	(1,048)	(972)	(923)
Intangible assets, net	406)	407)	494)	199)	207)	281)
Goodwill and intangible assets, net	4,059)	4,032)	4,098)	2,906)	2,652)	2,732)

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

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Item	Description	The company
Goodwill	Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.	Autodesk Inc. goodwill increased from 2022 to 2023 and from 2023 to 2024.
Intangible assets, net	Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.	Autodesk Inc. intangible assets, net decreased from 2022 to 2023 and from 2023 to 2024.
Goodwill and intangible assets, net	Sum of the carrying amounts of all intangible assets, including goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.	Autodesk Inc. goodwill and intangible assets, net decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.

Autodesk Inc., adjustments to financial statements

US$ in millions

	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019
Adjustment to Total Assets
Total assets (as reported)	9,912)	9,438)	8,607)	7,280)	6,179)	4,729)
Less: Goodwill	3,653)	3,625)	3,604)	2,707)	2,445)	2,451)
Total assets (adjusted)	6,259)	5,813)	5,003)	4,573)	3,734)	2,278)
Adjustment to Stockholders’ Equity (deficit)
Stockholders’ equity (deficit) (as reported)	1,855)	1,145)	849)	966)	(139)	(211)
Less: Goodwill	3,653)	3,625)	3,604)	2,707)	2,445)	2,451)
Stockholders’ equity (deficit) (adjusted)	(1,798)	(2,480)	(2,755)	(1,741)	(2,584)	(2,662)

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

Autodesk Inc., Financial Data: Reported vs. Adjusted

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Autodesk Inc., adjusted financial ratios

	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019
Total Asset Turnover
Reported total asset turnover	0.55	0.53	0.51	0.52	0.53	0.54
Adjusted total asset turnover	0.88	0.86	0.88	0.83	0.88	1.13
Financial Leverage
Reported financial leverage	5.34	8.24	10.14	7.54	—	—
Adjusted financial leverage	—	—	—	—	—	—
Return on Equity (ROE)
Reported ROE	48.84%	71.88%	58.53%	125.14%	—	—
Adjusted ROE	—	—	—	—	—	—
Return on Assets (ROA)
Reported ROA	9.14%	8.72%	5.77%	16.60%	3.47%	-1.71%
Adjusted ROA	14.48%	14.16%	9.93%	26.42%	5.74%	-3.55%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Autodesk Inc. adjusted total asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.
Adjusted ROA	A profitability ratio calculated as net income divided by adjusted total assets.	Autodesk Inc. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.

Autodesk Inc., Financial Ratios: Reported vs. Adjusted

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	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019
As Reported
Selected Financial Data (US$ in millions)
Net revenue	5,497)	5,005)	4,386)	3,790)	3,274)	2,570)
Total assets	9,912)	9,438)	8,607)	7,280)	6,179)	4,729)
Activity Ratio
Total asset turnover¹	0.55	0.53	0.51	0.52	0.53	0.54
Adjusted for Goodwill
Selected Financial Data (US$ in millions)
Net revenue	5,497)	5,005)	4,386)	3,790)	3,274)	2,570)
Adjusted total assets	6,259)	5,813)	5,003)	4,573)	3,734)	2,278)
Activity Ratio
Adjusted total asset turnover²	0.88	0.86	0.88	0.83	0.88	1.13

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

2024 Calculations

¹ Total asset turnover = Net revenue ÷ Total assets
= 5,497 ÷ 9,912 = 0.55

² Adjusted total asset turnover = Net revenue ÷ Adjusted total assets
= 5,497 ÷ 6,259 = 0.88

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Autodesk Inc. adjusted total asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019
As Reported
Selected Financial Data (US$ in millions)
Total assets	9,912)	9,438)	8,607)	7,280)	6,179)	4,729)
Stockholders’ equity (deficit)	1,855)	1,145)	849)	966)	(139)	(211)
Solvency Ratio
Financial leverage¹	5.34	8.24	10.14	7.54	—	—
Adjusted for Goodwill
Selected Financial Data (US$ in millions)
Adjusted total assets	6,259)	5,813)	5,003)	4,573)	3,734)	2,278)
Adjusted stockholders’ equity (deficit)	(1,798)	(2,480)	(2,755)	(1,741)	(2,584)	(2,662)
Solvency Ratio
Adjusted financial leverage²	—	—	—	—	—	—

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

2024 Calculations

¹ Financial leverage = Total assets ÷ Stockholders’ equity (deficit)
= 9,912 ÷ 1,855 = 5.34

² Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity (deficit)
= 6,259 ÷ -1,798 = —

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	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019
As Reported
Selected Financial Data (US$ in millions)
Net income (loss)	906)	823)	497)	1,208)	215)	(81)
Stockholders’ equity (deficit)	1,855)	1,145)	849)	966)	(139)	(211)
Profitability Ratio
ROE¹	48.84%	71.88%	58.53%	125.14%	—	—
Adjusted for Goodwill
Selected Financial Data (US$ in millions)
Net income (loss)	906)	823)	497)	1,208)	215)	(81)
Adjusted stockholders’ equity (deficit)	(1,798)	(2,480)	(2,755)	(1,741)	(2,584)	(2,662)
Profitability Ratio
Adjusted ROE²	—	—	—	—	—	—

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

2024 Calculations

¹ ROE = 100 × Net income (loss) ÷ Stockholders’ equity (deficit)
= 100 × 906 ÷ 1,855 = 48.84%

² Adjusted ROE = 100 × Net income (loss) ÷ Adjusted stockholders’ equity (deficit)
= 100 × 906 ÷ -1,798 = —

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	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019
As Reported
Selected Financial Data (US$ in millions)
Net income (loss)	906)	823)	497)	1,208)	215)	(81)
Total assets	9,912)	9,438)	8,607)	7,280)	6,179)	4,729)
Profitability Ratio
ROA¹	9.14%	8.72%	5.77%	16.60%	3.47%	-1.71%
Adjusted for Goodwill
Selected Financial Data (US$ in millions)
Net income (loss)	906)	823)	497)	1,208)	215)	(81)
Adjusted total assets	6,259)	5,813)	5,003)	4,573)	3,734)	2,278)
Profitability Ratio
Adjusted ROA²	14.48%	14.16%	9.93%	26.42%	5.74%	-3.55%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

2024 Calculations

¹ ROA = 100 × Net income (loss) ÷ Total assets
= 100 × 906 ÷ 9,912 = 9.14%

² Adjusted ROA = 100 × Net income (loss) ÷ Adjusted total assets
= 100 × 906 ÷ 6,259 = 14.48%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as net income divided by adjusted total assets.	Autodesk Inc. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.

Autodesk Inc. (NASDAQ:ADSK)

Analysis of Goodwill and Intangible Assets

Goodwill and Intangible Asset Disclosure

Adjustments to Financial Statements: Removal of Goodwill

Autodesk Inc., Financial Data: Reported vs. Adjusted

Adjusted Financial Ratios: Removal of Goodwill (Summary)

Autodesk Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Financial Leverage

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)