Autodesk Inc., adjustment to net income (loss)

US$ in millions

12 months ended:	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019
Net income (loss) (as reported)	906)	823)	497)	1,208)	215)	(81)
Add: Change in net unrealized gain (loss) on available-for-sale securities, net of tax	2)	—)	12)	2)	1)	2)
Net income (loss) (adjusted)	908)	823)	509)	1,210)	216)	(79)

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Autodesk Inc., adjusted profitability ratios

	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019
Net Profit Margin
Reported net profit margin	16.48%	16.44%	11.33%	31.88%	6.55%	-3.14%
Adjusted net profit margin	16.52%	16.44%	11.60%	31.92%	6.59%	-3.07%
Return on Equity (ROE)
Reported ROE	48.84%	71.88%	58.53%	125.14%	—	—
Adjusted ROE	48.95%	71.88%	59.92%	125.31%	—	—
Return on Assets (ROA)
Reported ROA	9.14%	8.72%	5.77%	16.60%	3.47%	-1.71%
Adjusted ROA	9.16%	8.72%	5.91%	16.62%	3.49%	-1.67%

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 2022 to 2023 and from 2023 to 2024.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	Autodesk Inc. adjusted ROE improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by total assets.	Autodesk Inc. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.

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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)
Net revenue	5,497)	5,005)	4,386)	3,790)	3,274)	2,570)
Profitability Ratio
Net profit margin¹	16.48%	16.44%	11.33%	31.88%	6.55%	-3.14%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income (loss)	908)	823)	509)	1,210)	216)	(79)
Net revenue	5,497)	5,005)	4,386)	3,790)	3,274)	2,570)
Profitability Ratio
Adjusted net profit margin²	16.52%	16.44%	11.60%	31.92%	6.59%	-3.07%

2024 Calculations

¹ Net profit margin = 100 × Net income (loss) ÷ Net revenue
= 100 × 906 ÷ 5,497 = 16.48%

² Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Net revenue
= 100 × 908 ÷ 5,497 = 16.52%

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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 2022 to 2023 and from 2023 to 2024.

	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: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income (loss)	908)	823)	509)	1,210)	216)	(79)
Stockholders’ equity (deficit)	1,855)	1,145)	849)	966)	(139)	(211)
Profitability Ratio
Adjusted ROE²	48.95%	71.88%	59.92%	125.31%	—	—

2024 Calculations

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

² Adjusted ROE = 100 × Adjusted net income (loss) ÷ Stockholders’ equity (deficit)
= 100 × 908 ÷ 1,855 = 48.95%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	Autodesk Inc. adjusted ROE improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

	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: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income (loss)	908)	823)	509)	1,210)	216)	(79)
Total assets	9,912)	9,438)	8,607)	7,280)	6,179)	4,729)
Profitability Ratio
Adjusted ROA²	9.16%	8.72%	5.91%	16.62%	3.49%	-1.67%

2024 Calculations

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

² Adjusted ROA = 100 × Adjusted net income (loss) ÷ Total assets
= 100 × 908 ÷ 9,912 = 9.16%

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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 2022 to 2023 and from 2023 to 2024.

Autodesk Inc. (NASDAQ:ADSK)

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