0000769397-20-000023 | 10-Q | XBRL Viewer

Stockholders' Deficit (Tables)

3 Months Ended

Apr. 30, 2020

Schedule of changes in stockholders' deficit by component, net of tax

Changes in stockholders' deficit by component, net of tax, for the three months ended April 30, 2020, are as follows:



(in millions, except per share data)	Common stock and additional paid-in capital					Accumulated other comprehensive loss			Accumulated deficit			Total stockholders' deficit
(in millions, except per share data)	Shares		Amount			Accumulated other comprehensive loss			Accumulated deficit			Total stockholders' deficit
Balances, January 31, 2020	219.4		$	2,317.0		$	(160.3	)	$	(2,295.8	)	$	(139.1	)
Common shares issued under stock plans	1.0		24.3			—			—			24.3
Stock-based compensation expense	—		88.2			—			—			88.2
Settlement of liability-classified restricted stock units	—		28.7			—			—			28.7
Post-combination expense related to equity awards assumed	—		0.1			—			—			0.1
Net income	—		—			—			66.5			66.5
Other comprehensive loss	—		—			(18.8		)	—			(18.8		)
Repurchase and retirement of common shares	(1.2	)	(57.0		)	—			(132.0		)	(189.0		)
Balances, April 30, 2020	219.2		2,401.3			(179.1		)	(2,361.3		)	(139.1		)

________________


(1)	During the three months ended April 30, 2020, Autodesk repurchased 1.2 million shares at an average repurchase price of $153.41 per share. At April 30, 2020, 13.5 million shares remained available for repurchase under the repurchase program approved by the Board of Directors.

Changes in stockholders' deficit by component, net of tax, for the three months ended April 30, 2019, are as follows:



	Common stock and additional paid-in capital					Accumulated other comprehensive loss			Accumulated deficit			Total stockholders' deficit
	Shares		Amount			Accumulated other comprehensive loss			Accumulated deficit			Total stockholders' deficit
Balances, January 31, 2019	219.4		$	2,071.5		$	(135.0	)	$	(2,147.4	)	$	(210.9	)
Common shares issued under stock plans	0.8		21.1			—			—			21.1
Stock-based compensation expense	—		75.2			—			—			75.2
Post combination expense related to assumed equity	—		0.8			—			—			0.8
Cumulative effect of accounting changes	—		—			—			(0.7		)	(0.7		)
Net loss	—		—			—			(24.2		)	(24.2		)
Other comprehensive loss	—		—			(6.6		)	—			(6.6		)
Repurchase and retirement of common shares	(0.6	)	(45.5		)	—			(54.5		)	(100.0		)
Balances, April 30, 2019	219.6		2,123.1			(141.6		)	(2,226.8		)	(245.3		)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Net revenue:
Total net revenue	$ 885.7	$ 735.5
Cost of revenue:
Amortization of developed technology	7.4	9.2
Total cost of revenue	81.9	82.7
Gross profit	803.8	652.8
Operating expenses:
Marketing and sales	341.3	313.3
Research and development	217.4	205.6
General and administrative	104.8	99.1
Amortization of purchased intangibles	9.7	9.8
Restructuring and other exit costs, net	0.0	0.2
Total operating expenses	673.2	628.0
Income from operations	130.6	24.8
Interest and other expense, net	(40.1)	(16.2)
Income before income taxes	90.5	8.6
Provision for income taxes	(24.0)	(32.8)
Net income (loss)	$ 66.5	$ (24.2)
Basic net income (loss) per share (in usd per share)	$ 0.30	$ (0.11)
Diluted net income (loss) per share (in usd per share)	$ 0.30	$ (0.11)
Weighted average shares used in computing basic net income (loss) per share (in shares)	219.2	219.6
Weighted average shares used in computing diluted net income (loss) per share (in shares)	221.3	219.6
Subscription and Maintenance
Net revenue:
Total net revenue	$ 865.1	$ 707.8
Cost of revenue:
Cost of revenue	57.4	59.7
Subscription
Net revenue:
Total net revenue	803.0	595.8
Maintenance
Net revenue:
Total net revenue	62.1	112.0
Other
Net revenue:
Total net revenue	20.6	27.7
Cost of revenue:
Cost of revenue	$ 17.1	$ 13.8

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Apr. 30, 2020	Jan. 31, 2020
Current assets:
Cash and cash equivalents	$ 1,389.7	$ 1,774.7
Marketable securities	77.2	69.0
Accounts receivable, net	356.5	652.3
Prepaid expenses and other current assets	200.9	163.3
Total current assets	2,024.3	2,659.3
Computer equipment, software, furniture and leasehold improvements, net	164.2	161.7
Operating lease right-of-use assets	424.7	438.8
Developed technologies, net	67.0	70.9
Goodwill	2,430.2	2,445.0
Deferred income taxes, net	50.8	56.4
Long-term other assets	382.7	347.2
Total assets	5,543.9	6,179.3
Current liabilities:
Accounts payable	85.2	83.7
Accrued compensation	158.1	272.1
Accrued income taxes	25.2	21.2
Deferred revenue	2,163.9	2,176.1
Operating lease liabilities	46.0	48.1
Current portion of long-term notes payable, net	0.0	449.7
Other accrued liabilities	99.9	168.3
Total current liabilities	2,578.3	3,219.2
Long-term deferred revenue	841.2	831.0
Long-term operating lease liabilities	402.0	411.7
Long-term income taxes payable	18.9	19.1
Long-term deferred income taxes	81.0	82.5
Long-term notes payable, net	1,635.6	1,635.1
Long-term other liabilities	126.0	119.8
Stockholders’ deficit:
Common stock and additional paid-in capital	2,401.3	2,317.0
Accumulated other comprehensive loss	(179.1)	(160.3)
Accumulated deficit	(2,361.3)	(2,295.8)
Total stockholders’ deficit	(139.1)	(139.1)
Total liabilities and stockholders' deficit	$ 5,543.9	$ 6,179.3

Stock-based Compensation Expense (Summary of ESPP Activity) (Details) - Employee Stock - 1998 Employee Qualified Stock Purchase Plan - $ / shares shares in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issued shares (shares)	0.5	0.5
Average price of issued shares (in dollars per share)	$ 122.54	$ 99.46
Weighed average grant date fair value of awards granted under the ESPP (in dollars per share)	$ 45.70	$ 52.41

Recently Issued Accounting Standards	3 Months Ended
Recently Issued Accounting Standards	Apr. 30, 2020
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards With the exception of those discussed below, there have been no recent changes in accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) or adopted by the Company during the three months ended April 30, 2020, that are applicable to the Company. Accounting standards adopted In June 2016, FASB issued ASU No. 2016-13 regarding ASC Topic 326, "Financial Instruments - Credit Losses," which requires the measurement and recognition of expected credit losses for certain financial instruments using forward-looking information to calculate credit loss estimates. Autodesk adopted ASU 2016-13 as of the effective date which represents Autodesk’s fiscal year beginning February 1, 2020. The ASU did not have a material impact on Autodesk's consolidated financial statements at adoption. Adoption and policy elections Allowances for uncollectible trade receivables and contract assets are subject to impairment using the expected credit loss model. Allowances for expected credit losses are measured based upon the lifetime expected credit loss which is based on historical experience, the number of days that billings are past due, reasonable economic forecast, including revised forecast data for the current economic environment, customer payment behavior, credit reports and other customer specific information. Allowances for credit losses on trade receivables and contract assets were not material for the three months ended April 30, 2020. Autodesk’s investments in available-for-sale debt securities are subject to a periodic impairment review. If Autodesk does not intend to sell and it is more likely than not that Autodesk will not be required to sell the available-for-sale debt security prior to recovery of its amortized cost basis, Autodesk will determine whether a decline in fair value below the amortized cost basis is due to credit-related factors. The credit loss is measured as the amount by which the debt security’s amortized cost basis exceeds the estimate of the present value of cash flows expected to be collected, up to the difference between the amortized cost basis and the fair value. Impairment will be assessed at the individual security level. Credit-related impairment is recognized as an allowance on the Condensed Consolidated Balance Sheets with a corresponding adjustment to "Interest and other expense, net" on the Company's Condensed Consolidated Statements of Operations. Any impairment that is not credit-related is recognized in “Accumulated other comprehensive loss” on the Condensed Consolidated Balance Sheets. Autodesk does not measure an allowance for credit losses on accrued interest receivables on available-for-sale debt securities separately. Autodesk writes off accrued interest receivables by reversing interest income in the period deemed uncollectible in “Interest and other expense, net” on the Company's Condensed Consolidated Statements of Operations. Any accrued interest receivable on available-for-sale debt securities is recorded in “Cash and cash equivalents”, “Prepaid expenses and other current assets,” or "Long-term other assets,” in the accompanying Condensed Consolidated Balance Sheets, as applicable. Recently issued accounting standards not yet adopted In March 2020, FASB issued ASU No. 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting", which provides optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments are effective for all entities as of March 12, 2020 through December 31, 2022. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. Autodesk is identifying contracts that may be impacted by reference rate reform, how this standard may be applied to them, and the subsequent impact to the financial statements and disclosure requirements.

Stockholders' Deficit (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ (139.1)	$ (210.9)
Common shares issued under stock plans	24.3	21.1
Stock-based compensation expense	88.2	75.2
Settlement of liability-classified restricted stock units	28.7	0.0
Post combination expense related to assumed equity	0.1	0.8
Net income (loss)	66.5	(24.2)
Other comprehensive income (loss)	(18.8)	(6.6)
Repurchase and retirement of common shares	(189.0)	(100.0)
Ending balance	$ (139.1)	$ (245.3)
Common stock and additional paid-in capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (shares)	219.4	219.4
Beginning balance	$ 2,317.0	$ 2,071.5
Common shares issued under stock plans (shares)	1.0	0.8
Common shares issued under stock plans	$ 24.3	$ 21.1
Stock-based compensation expense	88.2	75.2
Settlement of liability-classified restricted stock units	28.7
Post combination expense related to assumed equity	$ 0.1	$ 0.8
Repurchase and retirement of common shares (shares)	(1.2)	(0.6)
Repurchase and retirement of common shares	$ (57.0)	$ (45.5)
Ending balance (shares)	219.2	219.6
Ending balance	$ 2,401.3	$ 2,123.1
Accumulated other comprehensive loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(160.3)	(135.0)
Other comprehensive income (loss)	(18.8)	(6.6)
Ending balance	(179.1)	(141.6)
Accumulated deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(2,295.8)	(2,147.4)
Net income (loss)	66.5	(24.2)
Repurchase and retirement of common shares	(132.0)	(54.5)
Ending balance	$ (2,361.3)	(2,226.8)
Cumulative Effect, Period of Adoption, Adjustment
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance		(0.7)
Cumulative Effect, Period of Adoption, Adjustment \| Accumulated deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance		$ (0.7)

Financial Instruments (Fair Value of Derivative Instruments) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Jan. 31, 2020
Derivatives, Fair Value [Line Items]
Derivative assets	$ 12.4		$ 9.4
Derivative liabilities	6.5		4.7
Foreign currency contracts \| Designated as hedging instrument
Derivatives, Fair Value [Line Items]
Amount of gain recognized in accumulated other comprehensive loss on derivatives (effective portion)	5.1	$ 4.0
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income (loss) (effective portion)	1.2	0.7
Foreign currency contracts \| Designated as hedging instrument \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	7.4		1.0
Foreign currency contracts \| Designated as hedging instrument \| Other accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	4.0		2.8
Foreign currency contracts \| Derivatives not designated as hedging instruments \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	5.0		8.4
Foreign currency contracts \| Derivatives not designated as hedging instruments \| Other accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	2.5		$ 1.9
Net revenue \| Foreign currency contracts \| Designated as hedging instrument
Derivatives, Fair Value [Line Items]
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income (loss) (effective portion)	2.7	3.5
Cost of revenue \| Foreign currency contracts \| Designated as hedging instrument
Derivatives, Fair Value [Line Items]
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income (loss) (effective portion)	(0.2)	(0.1)
Operating expenses \| Foreign currency contracts \| Designated as hedging instrument
Derivatives, Fair Value [Line Items]
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income (loss) (effective portion)	(1.3)	(2.7)
Interest and other expense, net \| Foreign currency contracts \| Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Amount and location of (loss) gain recognized on derivatives in net income (loss)	$ (1.0)	$ 4.1

Cloud Computing Arrangements

3 Months Ended

Apr. 30, 2020

Capitalized Contract Cost [Abstract]

Cloud Computing Arrangements

Revenue Recognition

Revenue Disaggregation

Autodesk recognizes revenue from the sale of (1) product subscriptions, cloud service offerings, and EBAs, (2) renewal fees for existing maintenance plan agreements that were initially purchased with a perpetual software license, and (3) consulting, training and other goods and services. The three categories are presented as line items on Autodesk's unaudited Condensed Consolidated Statements of Operations.

Information regarding the components of Autodesk's net revenue from contracts with customers by product family, geographic location, and sales channel is as follows:



	Three Months Ended April 30,
(in millions)	2020		2019
Net revenue by product family:
Architecture, Engineering and Construction	$	382.7	$	304.3
AutoCAD and AutoCAD LT	262.2		213.2
Manufacturing	182.9		167.5
Media and Entertainment	52.6		45.5
Other	5.3		5.0
Total net revenue	$	885.7	$	735.5

Net revenue by geographic area:
Americas
U.S.	$	300.6	$	249.1
Other Americas	61.6		46.7
Total Americas	362.2		295.8
Europe, Middle East and Africa	344.8		297.2
Asia Pacific	178.7		142.5
Total net revenue	$	885.7	$	735.5

Net revenue by sales channel:
Indirect	$	623.4	$	516.4
Direct	262.3		219.1
Total net revenue	$	885.7	$	735.5

Payments for product subscriptions, industry collections, cloud subscriptions, and maintenance subscriptions are typically due up front with payment terms of 30 to 60 days. Payments on EBAs are typically due in annual installments over the contract term, with payment terms of 30 to 60 days. Autodesk does not have any material variable consideration, such as obligations for returns, refunds, warranties or amounts due to customers for which significant estimation or judgment is required as of the reporting date.

Remaining performance obligations consist of total short-term, long-term and unbilled deferred revenue. As of April 30, 2020, Autodesk had remaining performance obligations of $3.47 billion, which represents the total contract price allocated to remaining performance obligations, which are generally recognized over the next three years. We expect to recognize $2.35 billion or 68% of our remaining performance obligations as revenue during the next 12 months. We expect to recognize the remaining $1.12 billion or 32% of our remaining performance obligations as revenue thereafter.

The amount of remaining performance obligations may be impacted by the specific timing, duration and size of customer subscription and support agreements, varying billing cycles of such agreements, the specific timing of customer renewals, and foreign currency fluctuations.

Contract Balances

We receive payments from customers based on a billing schedule as established in our contracts. Contract assets relate to performance completed in advance of scheduled billings. Contract assets were not material as of April 30, 2020. Deferred revenue relates to billings in advance of performance under the contract. The primary changes in our contract assets and deferred revenues are due to our performance under the contracts and billings.

Revenue recognized during the three months ended April 30, 2020 and 2019, that was included in the deferred revenue balances at January 31, 2020 and 2019, was $787.2 million and $643.4 million, respectively. The satisfaction of performance obligations typically lags behind payments received under revenue contracts from customers.

Cloud Computing Arrangements

Autodesk enters into certain cloud-based software hosting arrangements that are accounted for as service contracts. Costs incurred for these arrangements are capitalized for application development activities, if material, and immediately expensed for preliminary project activities and post-implementation activities. Autodesk amortizes the capitalized development costs straight-line over the fixed, non-cancellable term of the associated hosting arrangement plus any reasonably certain renewal periods. The capitalized costs are included in "Prepaid expenses and other current assets" and "Long-term other assets" on our Condensed Consolidated Balance Sheets. Capitalized costs were $31.1 million and $22.3 million at April 30, 2020, and January 31, 2020, respectively. Accumulated amortization was $2.1 million and $1.2 million at April 30, 2020, and January 31, 2020, respectively. Amortization expense for the three months ended April 30, 2020 and 2019, was $0.9 million and none, respectively.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Leases (Lease Costs and Cash Flow Information) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease cost	$ 25.5	$ 20.3
Variable lease cost	3.4	3.0
Cash paid for operating leases included in operating cash flows	24.9	23.6
Non-cash operating lease liabilities arising from obtaining operating lease right-of-use assets	8.5	44.0
Variable lease payments	3.4	3.0
Cost of subscription and maintenance revenue
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease cost	2.0	1.6
Variable lease cost	0.3	0.2
Cost of other revenue
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease cost	0.7	0.4
Variable lease cost	0.1	0.1
Marketing and sales
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease cost	11.5	8.8
Variable lease cost	1.5	1.3
Research and development
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease cost	7.9	6.7
Variable lease cost	1.1	1.0
General and administrative
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease cost	3.4	2.8
Variable lease cost	$ 0.4	$ 0.4

Stock-based Compensation Expense (Stock Based Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to stock awards and ESPP purchases	$ 98.2	$ 75.2
Tax benefit	(0.1)	(0.2)
Stock-based compensation expense related to stock awards and ESPP purchases, net of tax	98.1	75.0
Cost of subscription and maintenance revenue
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to stock awards and ESPP purchases	3.7	3.6
Cost of other revenue
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to stock awards and ESPP purchases	1.5	1.3
Marketing and sales
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to stock awards and ESPP purchases	40.7	32.5
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to stock awards and ESPP purchases	32.9	26.7
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to stock awards and ESPP purchases	$ 19.4	$ 11.1

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (139.1)	$ (210.9)
Other comprehensive income (loss) before reclassifications	(17.1)
Pre-tax (gains)losses reclassified from accumulated other comprehensive loss	(1.4)
Tax effects	(0.3)
Total other comprehensive loss	(18.8)	(6.6)
Ending balance	(139.1)	(245.3)
Accumulated other comprehensive loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(160.3)	(135.0)
Ending balance	(179.1)	$ (141.6)
Net Unrealized Gains (Losses) on Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	8.4
Other comprehensive income (loss) before reclassifications	5.6
Pre-tax (gains)losses reclassified from accumulated other comprehensive loss	(1.2)
Tax effects	(0.4)
Total other comprehensive loss	4.0
Ending balance	12.4
Net Unrealized Gains (Losses) on Available-for-Sale Debt Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	4.7
Other comprehensive income (loss) before reclassifications	0.2
Pre-tax (gains)losses reclassified from accumulated other comprehensive loss	0.1
Tax effects	0.1
Total other comprehensive loss	0.4
Ending balance	5.1
Defined Benefit Pension Components
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(22.8)
Other comprehensive income (loss) before reclassifications	0.0
Pre-tax (gains)losses reclassified from accumulated other comprehensive loss	(0.3)
Tax effects	0.0
Total other comprehensive loss	(0.3)
Ending balance	(23.1)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(150.6)
Other comprehensive income (loss) before reclassifications	(22.9)
Pre-tax (gains)losses reclassified from accumulated other comprehensive loss	0.0
Tax effects	0.0
Total other comprehensive loss	(22.9)
Ending balance	$ (173.5)

Net Income (Loss) Per Share

3 Months Ended

Apr. 30, 2020

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Basic net income (loss) per share is computed using the weighted average number of shares of common stock outstanding for the period, excluding stock options and restricted stock units. Diluted net income (loss) per share is based upon the weighted average number of shares of common stock outstanding for the period and potentially dilutive common shares, including the effect of stock options and restricted stock units under the treasury stock method. The following table sets forth the computation of the numerators and denominators used in the basic and diluted net income (loss) per share amounts:



	Three Months Ended April 30,
(in millions, except per share data)	2020		2019
Numerator:
Net income (loss)	$	66.5	$	(24.2	)
Denominator:
Denominator for basic net income (loss) per share—weighted average shares	219.2		219.6
Effect of dilutive securities (1)	2.1		—
Denominator for dilutive net income (loss) per share	221.3		219.6
Basic net income (loss) per share	$	0.30	$	(0.11	)
Diluted net income (loss) per share	$	0.30	$	(0.11	)

____________________


(1)	The effect of dilutive securities of 2.3 million shares in the three months ended April 30, 2019, has been excluded from the calculation of diluted net loss per share as those shares would have been anti-dilutive due to the net loss incurred in that period.

The computation of diluted net income (loss) per share does not include shares that are anti-dilutive under the treasury stock method because their exercise prices are higher than the average market value of Autodesk’s stock during the periods. For the three months ended April 30, 2020 and 2019, there were no potentially anti-dilutive shares excluded from the computation of diluted net income (loss) per share.

Financial Instruments (Narrative) (Details) - USD ($)	3 Months Ended
Financial Instruments (Narrative) (Details) - USD ($)	Apr. 30, 2020	Apr. 30, 2019	Jan. 31, 2020
Investments, All Other Investments [Abstract]
Securities in a continuous unrealized loss position for more than 12 months	$ 0		$ 0
Allowance for credit loss	0
Securities, writeoff	0
Gain (loss) from sale or redemption of available for sale securities	0	$ 0
Proceeds from sale and maturity of marketable securities	0	$ 4,600,000
Direct investments in privately held companies	$ 148,500,000		$ 122,500,000

Leases (Maturities of Lease Liabilities) (Details) $ in Millions	Apr. 30, 2020 USD ($)
Leases [Abstract]
2021 (remainder)	$ 43.5
2022	88.5
2023	85.0
2024	71.9
2025	53.0
Thereafter	169.0
Total lease payments	510.9
Less imputed interest	62.9
Present value of operating lease liabilities	$ 448.0

Accumulated Other Comprehensive Loss

3 Months Ended

Apr. 30, 2020

Equity [Abstract]

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss, net of taxes, consisted of the following at April 30, 2020:



(in millions)	Net Unrealized Gains (Losses) on Derivative Instruments			Net Unrealized Gains (Losses) on Available-for-Sale Debt Securities		Defined Benefit Pension Components			Foreign Currency Translation Adjustments			Total
Balances, January 31, 2020	$	8.4		$	4.7	$	(22.8	)	$	(150.6	)	$	(160.3	)
Other comprehensive income (loss) before reclassifications	5.6			0.2		—			(22.9		)	(17.1		)
Pre-tax (gains)losses reclassified from accumulated other comprehensive loss	(1.2		)	0.1		(0.3		)	—			(1.4		)
Tax effects	(0.4		)	0.1		—			—			(0.3		)
Net current period other comprehensive income (loss)	4.0			0.4		(0.3		)	(22.9		)	(18.8		)
Balances, April 30, 2020	$	12.4		$	5.1	$	(23.1	)	$	(173.5	)	$	(179.1	)

Reclassifications related to gains and losses on available-for-sale debt securities are included in "Interest and other expense, net." Refer to Note 5, "Financial Instruments," for the amount and location of reclassifications related to derivative instruments. Reclassifications of the defined benefit pension components of net periodic benefit cost are included in "Interest and other expense, net."

Stock-based Compensation Expense (Summary of Restricted Stock Award and Restricted Stock Unit Activity) (Details)	3 Months Ended
	Apr. 30, 2020 $ / shares shares
Restricted Stock Units (RSUs) and Performance Shares
Unvested restricted stock units
Unvested restricted stock units, beginning balance (shares)	4,732,300
Granted (shares)	775,400
Vested (shares)	(727,600)
Canceled/Forfeited (shares)	(63,400)
Unvested restricted stock units, ending balance (shares)	4,732,100
Weighted average grant date fair value per share
Unvested restricted stock units, beginning balance (in usd per share) \| $ / shares	$ 147.24
Granted (in usd per share) \| $ / shares	168.55
Vested (in usd per share) \| $ / shares	148.38
Canceled/Forfeited (in usd per share) \| $ / shares	148.64
Unvested restricted stock units, ending balance (in usd per share) \| $ / shares	$ 150.43
Performance Stock Unit
Unvested restricted stock units
Granted (shares)	300,000
Performance adjustment (shares)	15,400
Weighted average grant date fair value per share
Performance adjustment (in usd per share) \| $ / shares	$ 166.97
Minimum \| Performance Stock Unit
Weighted average grant date fair value per share
Performance shares units payout (in percentage)	96.60%
Maximum \| Performance Stock Unit
Weighted average grant date fair value per share
Performance shares units payout (in percentage)	101.10%

Income Tax (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
Income Tax (Narrative) (Details) - USD ($) $ in Millions	Apr. 30, 2020	Apr. 30, 2019
Income Tax Contingency [Line Items]
Provision for income taxes	$ 24.0	$ 32.8
(Loss) income before income taxes	90.5	$ 8.6
Unrecognized tax benefits	218.6
Unrecognized tax benefits that would impact effective tax rate	201.7
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset
Income Tax Contingency [Line Items]
Unrecognized tax benefits that would impact effective tax rate	$ 16.9

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Other Intangible Assets, Net (Details) - USD ($) $ in Millions	Apr. 30, 2020	Jan. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, at cost	$ 1,179.0	$ 1,179.3
Less: Accumulated amortization	(985.6)	(972.2)
Other intangible assets, net	193.4	207.1
Developed technologies
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, at cost	649.4	647.1
Customer relationships, trade names, patents, and user lists
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, at cost	$ 529.6	$ 532.2

Financial Instruments (Derivative Narrative) (Details) - USD ($) $ in Millions	Apr. 30, 2020	Jan. 31, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net gain expected to be recognized in next 24 months	$ 12.4
Designated as hedging instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	889.3	$ 981.3
Derivatives not designated as hedging instruments \| Foreign currency contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 219.1	$ 736.2

Borrowing Arrangements - Fair Value Notes (Details) - Senior Notes - USD ($)	Apr. 30, 2020	Jan. 31, 2020	Dec. 15, 2017	Jun. 30, 2017	Jun. 30, 2015	Dec. 31, 2012
2012 Senior Notes
Debt Instrument [Line Items]
Face amount	$ 350,000,000.0					$ 350,000,000.0
Fair value disclosure	366,900,000
Senior Notes due 2025
Debt Instrument [Line Items]
Face amount	300,000,000.0				$ 300,000,000.0
Fair value disclosure	328,600,000
2017 Senior Notes
Debt Instrument [Line Items]
Face amount	500,000,000.0		$ 400,000,000.0	$ 500,000,000.0
Fair value disclosure	555,900,000
2.85 Notes due January 15 2030
Debt Instrument [Line Items]
Face amount	500,000,000.0	$ 500,000,000.0
Fair value disclosure	$ 524,400,000

Computer Equipment, Software, Furniture and Leasehold Improvements, Net

3 Months Ended

Apr. 30, 2020

Property, Plant and Equipment [Abstract]

Computer Equipment, Software, Furniture and Leasehold Improvements, Net

Computer equipment, software, furniture, leasehold improvements and the related accumulated depreciation were as follows:



(in millions)	April 30, 2020			January 31, 2020
Computer hardware, at cost	$	155.0		$	159.7
Computer software, at cost	64.8			64.0
Leasehold improvements, land and buildings, at cost	292.5			284.0
Furniture and equipment, at cost	75.5			69.0
	587.8			576.7
Less: Accumulated depreciation	(423.6		)	(415.0		)
Computer software, hardware, leasehold improvements, furniture and equipment, net	$	164.2		$	161.7

Financial Instruments (Effects of Derivative Instruments on Condensed Consolidated Statements of Operations) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Total net revenue	$ 885.7	$ 735.5
Marketing and sales	341.3	313.3
Research and development	217.4	205.6
General and administrative	104.8	99.1
Foreign currency contracts \| Designated as hedging instrument
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) reclassified from accumulated other comprehensive income into income	1.2	0.7
Foreign currency contracts \| Designated as hedging instrument \| Subscription Revenue
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) reclassified from accumulated other comprehensive income into income	2.1	2.2
Foreign currency contracts \| Designated as hedging instrument \| Maintenance Revenue
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) reclassified from accumulated other comprehensive income into income	0.6	1.3
Foreign currency contracts \| Designated as hedging instrument \| Cost of subscription and maintenance revenue
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) reclassified from accumulated other comprehensive income into income	(0.2)	(0.1)
Foreign currency contracts \| Designated as hedging instrument \| Marketing and sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) reclassified from accumulated other comprehensive income into income	(0.8)	(1.6)
Foreign currency contracts \| Designated as hedging instrument \| Research and development
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) reclassified from accumulated other comprehensive income into income	(0.1)	(0.3)
Foreign currency contracts \| Designated as hedging instrument \| General and administrative
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) reclassified from accumulated other comprehensive income into income	(0.4)	(0.8)
Subscription
Derivative Instruments, Gain (Loss) [Line Items]
Total net revenue	803.0	595.8
Maintenance
Derivative Instruments, Gain (Loss) [Line Items]
Total net revenue	62.1	112.0
Subscription and Maintenance
Derivative Instruments, Gain (Loss) [Line Items]
Total net revenue	865.1	707.8
Cost of revenue	$ 57.4	$ 59.7

Income Tax	3 Months Ended
Income Tax	Apr. 30, 2020
Income Tax Disclosure [Abstract]
Income Tax	Income Tax Autodesk had income tax expense of $24.0 million, relative to pre-tax income of $90.5 million for the three months ended April 30, 2020, and income tax expense of $32.8 million, relative to pre-tax income of $8.6 million for the three months ended April 30, 2019. Income tax expense for the three months ended April 30, 2020, decreased primarily due to the jurisdictional mix of earnings, offset by the U.S. full valuation allowance and a reduction in withholding taxes. Autodesk regularly assesses the need for a valuation allowance against its deferred tax assets. In making that assessment, Autodesk considers both positive and negative evidence related to the likelihood of realization of the deferred tax assets to determine, based on the weight of available evidence, whether it is more likely than not that some or all of the deferred tax assets will not be realized. In evaluating the need for a valuation allowance, Autodesk considered cumulative losses as a significant source of negative evidence and maintained a valuation allowance against our deferred tax attributes in the U.S. and certain foreign jurisdictions as of April 30, 2020. The Company anticipates a significant increase in U.S. taxable income in fiscal 2021 due to current year increase in global earnings. We currently forecast the utilization of U.S. deferred tax assets to offset U.S. taxable income resulting from the inclusion of foreign earnings. While increased U.S. taxable income is considered positive evidence, we believe that the cumulative losses should be given more weight and have maintained the valuation allowance on our U.S. deferred tax assets. As Autodesk continually strives to optimize the overall business model, tax planning strategies may become feasible and prudent allowing the Company to realize many of the deferred tax assets that are offset by a valuation allowance; therefore, Autodesk will continue to evaluate the ability to utilize the deferred tax assets each quarter, both in the U.S. and in foreign jurisdictions, based on all available evidence, both positive and negative As of April 30, 2020, the Company had $218.6 million of gross unrecognized tax benefits, of which $201.7 million would reduce our valuation allowance, if recognized. The remaining $16.9 million would impact the effective tax rate, if recognized. It is possible that the amount of unrecognized tax benefits will change in the next twelve months; however, an estimate of the range of the possible change cannot be made at this time.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Apr. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Guarantees and Indemnifications In the normal course of business, Autodesk provides indemnifications of varying scopes, including limited product warranties and indemnification of customers against claims of intellectual property infringement made by third parties arising from the use of its products or services. Autodesk accrues for known indemnification issues if a loss is probable and can be reasonably estimated. Historically, costs related to these indemnifications have not been significant, and because potential future costs are highly variable, Autodesk is unable to estimate the maximum potential impact of these indemnifications on its future results of operations. In connection with the purchase, sale or license of assets or businesses with third parties, Autodesk has entered into or assumed customary indemnification agreements related to the assets or businesses purchased, sold or licensed. Historically, costs related to these indemnifications have not been significant, and because potential future costs are highly variable, Autodesk is unable to estimate the maximum potential impact of these indemnifications on its future results of operations. As permitted under Delaware law, Autodesk has agreements whereby it indemnifies its officers and directors for certain events or occurrences while the officer or director is, or was, serving at Autodesk’s request in such capacity. The maximum potential amount of future payments Autodesk could be required to make under these indemnification agreements is unlimited; however, Autodesk has directors’ and officers’ liability insurance coverage that is intended to reduce its financial exposure and may enable Autodesk to recover a portion of any future amounts paid. Autodesk believes the estimated fair value of these indemnification agreements in excess of applicable insurance coverage is minimal. Legal Proceedings Autodesk is involved in a variety of claims, suits, investigations, inquiries, and proceedings in the normal course of business including claims of alleged infringement of intellectual property rights, commercial, employment, tax, prosecution of unauthorized use, business practices and other matters. Autodesk routinely reviews the status of each significant matter and assesses its potential financial exposure. If the potential loss from any matter is considered probable and the amount can be reasonably estimated, Autodesk records a liability for the estimated loss. Because of inherent uncertainties related to these legal matters, Autodesk bases its loss accruals on the best information available at the time. As additional information becomes available, Autodesk reassesses its potential liability and may revise its estimates. In the Company's opinion, resolution of pending matters is not expected to have a material adverse impact on its consolidated results of operations, cash flows, or its financial position. Given the unpredictable nature of legal proceedings, there is a reasonable possibility that an unfavorable resolution of one or more such proceedings could in the future materially affect the Company's results of operations, cash flows, or financial position in a particular period, however, based on the information known by the Company as of the date of this filing and the rules and regulations applicable to the preparation of the Company's financial statements, any such amount is either immaterial or it is not possible to provide an estimated amount of any such potential loss.

Other Intangible Assets, Net

3 Months Ended

Apr. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets, Net

Other intangible assets, including developed technologies, customer relationships, trade names, patents, user lists and the related accumulated amortization were as follows:



(in millions)	April 30, 2020			January 31, 2020
Developed technologies, at cost	$	649.4		$	647.1
Customer relationships, trade names, patents, and user lists, at cost (1)	529.6			532.2
Other intangible assets, at cost (2)	1,179.0			1,179.3
Less: Accumulated amortization	(985.6		)	(972.2		)
Other intangible assets, net	$	193.4		$	207.1

_______________


(1)	Included in “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets.

(2)

Includes the effects of foreign currency translation.

Stock-based Compensation Expense (Assumption Used to Estimate the Fair Value of Stock-Based Awards) (Details) - shares shares in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividends (in percentage)	0.00%
Performance Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of expected volatilities (in percentage)	50.70%	36.30%
Expected dividends (in percentage)	0.00%	0.00%
Range of risk-free interest rates (in percentage)	0.30%	2.50%
Awards granted in period (shares)	0.3
1998 Employee Qualified Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividends (in percentage)	0.00%	0.00%
1998 Employee Qualified Stock Purchase Plan \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of expected volatilities (in percentage)	39.40%	36.60%
Range of expected lives (in years)	6 months	6 months
Range of risk-free interest rates (in percentage)	0.30%	2.40%
1998 Employee Qualified Stock Purchase Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of expected volatilities (in percentage)	45.80%	39.70%
Range of expected lives (in years)	2 years	2 years
Range of risk-free interest rates (in percentage)	0.50%	2.50%

Revenue Recognition (Narrative) (Details) $ in Millions	3 Months Ended
Revenue Recognition (Narrative) (Details) $ in Millions	Apr. 30, 2020 USD ($) category	Apr. 30, 2019 USD ($)
Revenue from Contract with Customer [Abstract]
Number of revenue categories \| category	3
Remaining performance obligation	$ 3,470.0
Contract with customer, liability, revenue recognized	787.2	$ 643.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-05-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 2,350.0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation percentage	68.00%
Performance obligation, expected timing of satisfaction	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-02-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 1,120.0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation percentage	32.00%
Performance obligation, expected timing of satisfaction	3 years

Leases (Tables)

3 Months Ended

Apr. 30, 2020

Leases [Abstract]

Lease Cost and Cash Flow Information

The components of lease cost were as follows:



	Three Months Ended April 30, 2020
(in millions)	Cost of subscription and maintenance revenue		Cost of other revenue		Marketing and sales		Research and development		General and administrative		Total
Operating lease cost	$	2.0	$	0.7	$	11.5	$	7.9	$	3.4	$	25.5
Variable lease cost	$	0.3	$	0.1	$	1.5	$	1.1	$	0.4	$	3.4



	Three Months Ended April 30, 2019
(in millions)	Cost of subscription and maintenance revenue		Cost of other revenue		Marketing and sales		Research and development		General and administrative		Total
Operating lease cost	$	1.6	$	0.4	$	8.8	$	6.7	$	2.8	$	20.3
Variable lease cost	$	0.2	$	0.1	$	1.3	$	1.0	$	0.4	$	3.0

Supplemental operating cash flow information related to leases is as follows:



	Three Months Ended April 30,
(in millions)	2020		2019
Cash paid for operating leases included in operating cash flows (1)	$	24.9	$	23.6
Non-cash operating lease liabilities arising from obtaining operating lease right-of-use assets	$	8.5	$	44.0

_______________

(1) Includes $3.4 million and $3.0 million in variable lease payments for the three months ended April 30, 2020 and 2019, respectively, not included in "Operating lease liabilities" and "Long-term operating lease liabilities" on the Condensed Consolidated Balance Sheets.

Future Minimum Lease Payments

Maturities of operating lease liabilities were as follows (in millions):



Fiscal year ending
2021 (remainder)	$	43.5
2022	88.5
2023	85.0
2024	71.9
2025	53.0
Thereafter	169.0
	510.9
Less imputed interest	62.9
Present value of operating lease liabilities	$	448.0

Revenue Recognition (Contract Revenue) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Disaggregation of Revenue [Line Items]
Net revenue	$ 885.7	$ 735.5
Indirect
Disaggregation of Revenue [Line Items]
Net revenue	623.4	516.4
Direct
Disaggregation of Revenue [Line Items]
Net revenue	262.3	219.1
Americas
Disaggregation of Revenue [Line Items]
Net revenue	362.2	295.8
U.S.
Disaggregation of Revenue [Line Items]
Net revenue	300.6	249.1
Other Americas
Disaggregation of Revenue [Line Items]
Net revenue	61.6	46.7
Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Net revenue	344.8	297.2
Asia Pacific
Disaggregation of Revenue [Line Items]
Net revenue	178.7	142.5
Architecture, Engineering and Construction
Disaggregation of Revenue [Line Items]
Net revenue	382.7	304.3
AutoCAD and AutoCAD LT
Disaggregation of Revenue [Line Items]
Net revenue	262.2	213.2
Manufacturing
Disaggregation of Revenue [Line Items]
Net revenue	182.9	167.5
Media and Entertainment
Disaggregation of Revenue [Line Items]
Net revenue	52.6	45.5
Other
Disaggregation of Revenue [Line Items]
Net revenue	$ 5.3	$ 5.0

Cover Page - shares	3 Months Ended
Cover Page - shares	Apr. 30, 2020	May 29, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2020
Document Transition Report	false
Entity File Number	0-14338
Entity Registrant Name	AUTODESK, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-2819853
Entity Address, Address Line One	111 McInnis Parkway,
Entity Address, City or Town	San Rafael,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94903
City Area Code	415
Local Phone Number	507-5000
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	ADSK
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		219,196,718
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000769397
Current Fiscal Year End Date	--01-31

Goodwill (Tables)

3 Months Ended

Apr. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The following table summarizes the changes in the carrying amount of goodwill for the three months ended April 30, 2020 (in millions):



Balance as of January 31, 2020	$	2,594.2
Less: accumulated impairment losses as of January 31, 2020	(149.2		)
Net balance as of January 31, 2020	2,445.0
Effect of foreign currency translation	(14.8		)
Balance as of April 30, 2020	$	2,430.2

Leases

3 Months Ended

Apr. 30, 2020

Leases [Abstract]

Leases

Autodesk has operating leases for real estate, vehicles and certain equipment. Leases have remaining lease terms of less than 1 year to 70 years, some of which include options to extend the lease with renewal terms from 1 year to 10 years and some of which include options to terminate the leases from less than 1 year to 10 years. Options to extend the lease are included in the lease liability if they are reasonably certain of being exercised. Payments under our lease arrangements are primarily fixed, however, certain lease agreements contain variable payments, which are expensed as incurred and not included in the operating lease assets and liabilities. These amounts include payments affected by the Consumer Price Index, payments for common area maintenance that are subject to annual reconciliation, and payments for maintenance and utilities. The Company’s leases do not contain residual value guarantees or material restrictive covenants. Short-term leases are recognized in the Condensed Consolidated Statements of Operations on a straight-line basis over the lease term. Short-term lease expense was not material for the periods presented. Changes in operating lease right-of-use assets and operating lease liabilities are presented net in the "accounts payable and other liabilities" line in the Condensed Consolidated Statements of Cash Flows.

The components of lease cost were as follows:



	Three Months Ended April 30, 2020
(in millions)	Cost of subscription and maintenance revenue		Cost of other revenue		Marketing and sales		Research and development		General and administrative		Total
Operating lease cost	$	2.0	$	0.7	$	11.5	$	7.9	$	3.4	$	25.5
Variable lease cost	$	0.3	$	0.1	$	1.5	$	1.1	$	0.4	$	3.4



	Three Months Ended April 30, 2019
(in millions)	Cost of subscription and maintenance revenue		Cost of other revenue		Marketing and sales		Research and development		General and administrative		Total
Operating lease cost	$	1.6	$	0.4	$	8.8	$	6.7	$	2.8	$	20.3
Variable lease cost	$	0.2	$	0.1	$	1.3	$	1.0	$	0.4	$	3.0

Supplemental operating cash flow information related to leases is as follows:



	Three Months Ended April 30,
(in millions)	2020		2019
Cash paid for operating leases included in operating cash flows (1)	$	24.9	$	23.6
Non-cash operating lease liabilities arising from obtaining operating lease right-of-use assets	$	8.5	$	44.0

_______________

The weighted average remaining lease term for operating leases is 7.4 and 7.5 years at April 30, 2020, and January 31, 2020, respectively. The weighted average discount rate was 3.36% and 3.41% at April 30, 2020, and January 31, 2020, respectively.

Maturities of operating lease liabilities were as follows (in millions):



Fiscal year ending
2021 (remainder)	$	43.5
2022	88.5
2023	85.0
2024	71.9
2025	53.0
Thereafter	169.0
	510.9
Less imputed interest	62.9
Present value of operating lease liabilities	$	448.0

As of April 30, 2020, Autodesk has additional operating lease minimum lease payments of $29.8 million for executed leases that have not yet commenced, primarily for office locations.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 66.5	$ (24.2)
Other comprehensive income (loss), net of reclassifications:
Net gain on derivative instruments (net of tax effect of ($0.4) and ($0.3), respectively)	4.0	3.3
Change in net unrealized gain on available-for-sale debt securities (net of tax effect of $0.1 and ($0.4), respectively)	0.4	1.1
Change in defined benefit pension items (net of tax effect of zero and $0.1, respectively)	(0.3)	(0.6)
Net change in cumulative foreign currency translation loss (net of tax effect of zero and $0.4, respectively)	(22.9)	(10.4)
Total other comprehensive loss	(18.8)	(6.6)
Total comprehensive income (loss)	$ 47.7	$ (30.8)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Basis of Presentation	3 Months Ended
Basis of Presentation	Apr. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of Autodesk, Inc. (“Autodesk,” “we,” “us,” “our,” or the “Company”) as of April 30, 2020, and for the three months ended April 30, 2020 and 2019, have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information along with the instructions to Form 10-Q and Article 10 of Securities and Exchange Commission (“SEC”) Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for annual financial statements. In management’s opinion, Autodesk made all adjustments (consisting of normal, recurring and non-recurring adjustments) during the quarter that were considered necessary for the fair statement of the financial position and operating results of the Company. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts in the financial statements and accompanying notes. Actual results could differ from those estimates. In addition, the results of operations for the three months ended April 30, 2020, are not necessarily indicative of the results for the entire fiscal year ending January 31, 2021, or for any other period. Further, the balance sheet as of January 31, 2020, has been derived from the audited Consolidated Balance Sheet as of this date. There have been no material changes, other than what is discussed herein, to Autodesk's significant accounting policies as compared to the significant accounting policies disclosed in the Annual Report on Form 10-K for the fiscal year ended January 31, 2020. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and related notes, together with management’s discussion and analysis of financial position and results of operations, contained in Autodesk’s Annual Report on Form 10-K for the fiscal year ended January 31, 2020, filed on March 19, 2020.

Segments (Tables)

3 Months Ended

Apr. 30, 2020

Segment Reporting [Abstract]

Long-lived Assets by Geographic Areas

Information regarding Autodesk's long-lived assets by geographic area is as follows:



(in millions)	April 30, 2020		January 31, 2020
Long-lived assets (1):
Americas
U.S.	$	425.0	$	434.2
Other Americas	32.9		33.2
Total Americas	457.9		467.4
Europe, Middle East, and Africa	78.7		75.8
Asia Pacific	52.3		57.3
Total long-lived assets	$	588.9	$	600.5

____________________

(1)

Long-lived assets exclude deferred tax assets, marketable securities, goodwill, and other intangible assets.

Segments

3 Months Ended

Apr. 30, 2020

Segment Reporting [Abstract]

Segments

Autodesk operates in one operating segment and accordingly, all required financial segment information is included in the condensed consolidated financial statements. Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision makers ("CODM") in deciding how to allocate resources and assess performance. Autodesk reports segment information based on the “management” approach. The management approach designates the internal reporting used by management for making decisions, allocating resources and assessing performance as the source of the Company’s reportable segments. The Company's CODM allocates resources and assesses the operating performance of the Company as a whole.

Information regarding Autodesk's long-lived assets by geographic area is as follows:



(in millions)	April 30, 2020		January 31, 2020
Long-lived assets (1):
Americas
U.S.	$	425.0	$	434.2
Other Americas	32.9		33.2
Total Americas	457.9		467.4
Europe, Middle East, and Africa	78.7		75.8
Asia Pacific	52.3		57.3
Total long-lived assets	$	588.9	$	600.5

____________________

(1)

Long-lived assets exclude deferred tax assets, marketable securities, goodwill, and other intangible assets.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Borrowing Arrangements (Tables)

3 Months Ended

Apr. 30, 2020

Debt Disclosure [Abstract]

Fair Value of Market Price

Based on the quoted market prices, the approximate fair value of the notes as of April 30, 2020, were as follows:



(in millions)	Aggregate Principal Amount		Fair value
2012 Notes	$	350.0	$	366.9
$300 million 2015 Notes	300.0		328.6
2017 Notes	500.0		555.9
2020 Notes	500.0		524.4

Future Minimum Payments For Borrowings

The expected future principal payments for all borrowings as of April 30, 2020, is as follows (in millions):



Fiscal year ending
2021 (remainder)	—
2022	—
2023	350.0
2024	—
2025	—
Thereafter	1,300.0
Total principal outstanding	$	1,650.0

Deferred Compensation	3 Months Ended
Deferred Compensation	Apr. 30, 2020
Deferred Compensation Arrangements [Abstract]
Deferred Compensation	Deferred Compensation At April 30, 2020, Autodesk had marketable securities totaling $77.2 million, of which, $66.2 million is related to investments in debt and equity securities that are held in a rabbi trust under non-qualified deferred compensation plans. Of the $66.2 million related to the deferred compensation liability at April 30, 2020, $4.7 million was classified as current and $61.5 million was classified as non-current liabilities. Of the $69.0 million related to the deferred compensation liability at January 31, 2020, $5.3 million was classified as current and $63.7 million was classified as non-current liabilities. The securities are recorded in the Condensed Consolidated Balance Sheets under the current portion of "Marketable securities." The current and non-current portions of the liability are recorded in the Condensed Consolidated Balance Sheets under “Accrued compensation” and “Long-term other liabilities,” respectively. Costs to obtain a contract with a customer Sales commissions earned by our internal sales personnel and our reseller partners are considered incremental and recoverable costs of obtaining a contract with a customer. The ending balance of assets recognized from costs to obtain a contract with a customer was $91.5 million as of April 30, 2020 and $98.8 million as of January 31, 2020. Amortization expense related to assets recognized from costs to obtain a contract with a customer was $22.8 million and $24.7 million during the three months ended April 30, 2020 and 2019, respectively. Autodesk did not recognize any contract cost impairment losses during the three months ended April 30, 2020 and 2019.

Recently Issued Accounting Standards (Policies)	3 Months Ended
Recently Issued Accounting Standards (Policies)	Apr. 30, 2020
Accounting Changes and Error Corrections [Abstract]
Basis of Presentation	The accompanying unaudited Condensed Consolidated Financial Statements of Autodesk, Inc. (“Autodesk,” “we,” “us,” “our,” or the “Company”) as of April 30, 2020, and for the three months ended April 30, 2020 and 2019, have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information along with the instructions to Form 10-Q and Article 10 of Securities and Exchange Commission (“SEC”) Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for annual financial statements. In management’s opinion, Autodesk made all adjustments (consisting of normal, recurring and non-recurring adjustments) during the quarter that were considered necessary for the fair statement of the financial position and operating results of the Company. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts in the financial statements and accompanying notes. Actual results could differ from those estimates. In addition, the results of operations for the three months ended April 30, 2020, are not necessarily indicative of the results for the entire fiscal year ending January 31, 2021, or for any other period. Further, the balance sheet as of January 31, 2020, has been derived from the audited Consolidated Balance Sheet as of this date. There have been no material changes, other than what is discussed herein, to Autodesk's significant accounting policies as compared to the significant accounting policies disclosed in the Annual Report on Form 10-K for the fiscal year ended January 31, 2020. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and related notes, together with management’s discussion and analysis of financial position and results of operations, contained in Autodesk’s Annual Report on Form 10-K for the fiscal year ended January 31, 2020, filed on March 19, 2020.
Recently Issued Accounting Standards	Accounting standards adopted In June 2016, FASB issued ASU No. 2016-13 regarding ASC Topic 326, "Financial Instruments - Credit Losses," which requires the measurement and recognition of expected credit losses for certain financial instruments using forward-looking information to calculate credit loss estimates. Autodesk adopted ASU 2016-13 as of the effective date which represents Autodesk’s fiscal year beginning February 1, 2020. The ASU did not have a material impact on Autodesk's consolidated financial statements at adoption. Adoption and policy elections Allowances for uncollectible trade receivables and contract assets are subject to impairment using the expected credit loss model. Allowances for expected credit losses are measured based upon the lifetime expected credit loss which is based on historical experience, the number of days that billings are past due, reasonable economic forecast, including revised forecast data for the current economic environment, customer payment behavior, credit reports and other customer specific information. Allowances for credit losses on trade receivables and contract assets were not material for the three months ended April 30, 2020. Autodesk’s investments in available-for-sale debt securities are subject to a periodic impairment review. If Autodesk does not intend to sell and it is more likely than not that Autodesk will not be required to sell the available-for-sale debt security prior to recovery of its amortized cost basis, Autodesk will determine whether a decline in fair value below the amortized cost basis is due to credit-related factors. The credit loss is measured as the amount by which the debt security’s amortized cost basis exceeds the estimate of the present value of cash flows expected to be collected, up to the difference between the amortized cost basis and the fair value. Impairment will be assessed at the individual security level. Credit-related impairment is recognized as an allowance on the Condensed Consolidated Balance Sheets with a corresponding adjustment to "Interest and other expense, net" on the Company's Condensed Consolidated Statements of Operations. Any impairment that is not credit-related is recognized in “Accumulated other comprehensive loss” on the Condensed Consolidated Balance Sheets. Autodesk does not measure an allowance for credit losses on accrued interest receivables on available-for-sale debt securities separately. Autodesk writes off accrued interest receivables by reversing interest income in the period deemed uncollectible in “Interest and other expense, net” on the Company's Condensed Consolidated Statements of Operations. Any accrued interest receivable on available-for-sale debt securities is recorded in “Cash and cash equivalents”, “Prepaid expenses and other current assets,” or "Long-term other assets,” in the accompanying Condensed Consolidated Balance Sheets, as applicable. Recently issued accounting standards not yet adopted In March 2020, FASB issued ASU No. 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting", which provides optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments are effective for all entities as of March 12, 2020 through December 31, 2022. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. Autodesk is identifying contracts that may be impacted by reference rate reform, how this standard may be applied to them, and the subsequent impact to the financial statements and disclosure requirements.
Revenue Recognition	Revenue Disaggregation Autodesk recognizes revenue from the sale of (1) product subscriptions, cloud service offerings, and EBAs, (2) renewal fees for existing maintenance plan agreements that were initially purchased with a perpetual software license, and (3) consulting, training and other goods and services. The three categories are presented as line items on Autodesk's unaudited Condensed Consolidated Statements of Operations.
Fair Value Measurement	Autodesk applies fair value accounting for certain financial assets and liabilities, which consist of cash equivalents, marketable securities and other financial instruments, on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

- Definition

Disclosure of accounting policy for revenue from contract with customer.

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-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130566-203045

+ Details

Goodwill

3 Months Ended

Apr. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill consists of the excess of the consideration transferred over the fair value of net assets acquired in business combinations. The following table summarizes the changes in the carrying amount of goodwill for the three months ended April 30, 2020 (in millions):



Balance as of January 31, 2020	$	2,594.2
Less: accumulated impairment losses as of January 31, 2020	(149.2		)
Net balance as of January 31, 2020	2,445.0
Effect of foreign currency translation	(14.8		)
Balance as of April 30, 2020	$	2,430.2

Autodesk operates as a single operating segment and single reporting unit. As such, when Autodesk tests goodwill for impairment annually in its fourth fiscal quarter, it is performed on the Company's single reporting unit. Autodesk performs impairment testing more often if circumstances indicate a potential impairment may exist, or if events have affected the composition of reporting units.

When goodwill is assessed for impairment, Autodesk has the option to perform an assessment of qualitative factors of impairment (“optional assessment”) prior to necessitating a quantitative impairment test. Should the optional assessment be used for any given fiscal year, qualitative factors to consider include cost factors; financial performance; legal, regulatory, contractual, political, business, or other factors; entity specific factors; industry and market considerations, macroeconomic conditions, and other relevant events and factors affecting the reporting unit. If, after assessing the totality of events or circumstances, it is more likely than not that the fair value of the reporting unit is greater than its carrying value, then performing the quantitative impairment test is unnecessary.

The quantitative impairment test is necessary when either Autodesk does not use the optional assessment or, as a result of the optional assessment, it is not more likely than not that the fair value of the reporting unit is greater than its carrying value. In situations in which an entity's reporting unit is publicly traded, the fair value of the Company may be approximated by its market capitalization, in performing the quantitative impairment test.

Goodwill impairment exists when the estimated fair value of goodwill is less than its carrying value. If impairment exists, the carrying value of the goodwill is reduced to fair value through an impairment charge recorded in our Condensed Consolidated Statements of Operations. The process of evaluating the potential impairment of goodwill is subjective and requires significant judgment at many points during the analysis. The value of Autodesk’s goodwill could also be impacted by future adverse changes such as: (i) declines in Autodesk’s actual financial results, (ii) a sustained decline in Autodesk’s market capitalization, (iii) a significant slowdown in the worldwide economy or the industries Autodesk serves, or (iv) changes in Autodesk’s business strategy.

There was no goodwill impairment during the three months ended April 30, 2020.

Stockholders' Deficit

3 Months Ended

Apr. 30, 2020

Equity [Abstract]

Stockholders' Deficit

Changes in stockholders' deficit by component, net of tax, for the three months ended April 30, 2020, are as follows:



(in millions, except per share data)	Common stock and additional paid-in capital					Accumulated other comprehensive loss			Accumulated deficit			Total stockholders' deficit
(in millions, except per share data)	Shares		Amount			Accumulated other comprehensive loss			Accumulated deficit			Total stockholders' deficit
Balances, January 31, 2020	219.4		$	2,317.0		$	(160.3	)	$	(2,295.8	)	$	(139.1	)
Common shares issued under stock plans	1.0		24.3			—			—			24.3
Stock-based compensation expense	—		88.2			—			—			88.2
Settlement of liability-classified restricted stock units	—		28.7			—			—			28.7
Post-combination expense related to equity awards assumed	—		0.1			—			—			0.1
Net income	—		—			—			66.5			66.5
Other comprehensive loss	—		—			(18.8		)	—			(18.8		)
Repurchase and retirement of common shares	(1.2	)	(57.0		)	—			(132.0		)	(189.0		)
Balances, April 30, 2020	219.2		2,401.3			(179.1		)	(2,361.3		)	(139.1		)

________________


(1)	During the three months ended April 30, 2020, Autodesk repurchased 1.2 million shares at an average repurchase price of $153.41 per share. At April 30, 2020, 13.5 million shares remained available for repurchase under the repurchase program approved by the Board of Directors.

Changes in stockholders' deficit by component, net of tax, for the three months ended April 30, 2019, are as follows:



	Common stock and additional paid-in capital					Accumulated other comprehensive loss			Accumulated deficit			Total stockholders' deficit
	Shares		Amount			Accumulated other comprehensive loss			Accumulated deficit			Total stockholders' deficit
Balances, January 31, 2019	219.4		$	2,071.5		$	(135.0	)	$	(2,147.4	)	$	(210.9	)
Common shares issued under stock plans	0.8		21.1			—			—			21.1
Stock-based compensation expense	—		75.2			—			—			75.2
Post combination expense related to assumed equity	—		0.8			—			—			0.8
Cumulative effect of accounting changes	—		—			—			(0.7		)	(0.7		)
Net loss	—		—			—			(24.2		)	(24.2		)
Other comprehensive loss	—		—			(6.6		)	—			(6.6		)
Repurchase and retirement of common shares	(0.6	)	(45.5		)	—			(54.5		)	(100.0		)
Balances, April 30, 2019	219.6		2,123.1			(141.6		)	(2,226.8		)	(245.3		)

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Statement of Comprehensive Income [Abstract]
Net gain on derivative instruments, tax effect	$ (0.4)	$ (0.3)
Change in net unrealized gain on available-for-sale debt securities, tax effect	0.1	(0.4)
Change in defined benefit pension items, tax effect	0.0	0.1
Net change in cumulative foreign currency translation loss, tax effect	$ 0.0	$ 0.4

Goodwill (Changes in the Carrying Amount of Goodwill) (Details)	3 Months Ended
	Apr. 30, 2020 USD ($)
Goodwill [Roll Forward]
Goodwill gross, beginning of the period	$ 2,594,200,000
Less: accumulated impairment losses, beginning of the period	(149,200,000)
Goodwill net, beginning of the period	2,445,000,000.0
Effect of foreign currency translation, measurement period adjustments, and other	(14,800,000)
Goodwill net, end of the period	2,430,200,000
Goodwill impairment loss	$ 0

Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Numerator:
Net income (loss)	$ 66.5	$ (24.2)
Denominator:
Denominator for basic net loss per share—weighted average shares (shares)	219,200,000	219,600,000
Effect of dilutive securities (shares)	2,100,000	0
Denominator for dilutive net loss per share (shares)	221,300,000	219,600,000
Basic net income (loss) per share (in usd per share)	$ 0.30	$ (0.11)
Diluted net income (loss) per share (in usd per share)	$ 0.30	$ (0.11)
Dilutive securities excluded from earnings per share sue to net loss scenario (in shares)		2,300,000
Potentially dilutive shares excluded from the computation of diluted net income per share (shares)	0	0

Borrowing Arrangements

3 Months Ended

Apr. 30, 2020

Debt Disclosure [Abstract]

Borrowing Arrangements

In January 2020, Autodesk issued $500.0 million aggregate principal amount of 2.85% notes due January 15, 2030 (“2020 Notes”). Net of a discount of $1.1 million and issuance costs of $4.8 million, Autodesk received net proceeds of $494.1 million from issuance of the 2020 Notes. Both the discount and issuance costs are being amortized to interest expense over the term of the 2020 Notes using the effective interest method. The proceeds of the 2020 Notes have been used for the repayment of the $450.0 million 2015 Notes, as defined below, and the remainder is available for general corporate purposes.

In December 2018, Autodesk entered into a credit agreement by and among Autodesk, the lenders from time to time party thereto and Citibank, N.A., as agent, which provides for an unsecured revolving loan facility in the aggregate principal amount of $650.0 million with an option, subject to customary conditions, to request an increase in the amount of the credit facility by up to an additional $350.0 million, and is available for working capital or other business needs. The credit agreement contains customary covenants that could, among other things, restrict the imposition of liens on Autodesk's assets, and restrict Autodesk's ability to incur additional indebtedness or make dispositions of assets if Autodesk fails to maintain compliance with the financial covenants. The credit agreement financial covenants consist of (1) a minimum interest coverage ratio of 2.50:1.0 starting with the fiscal quarter ending January 31, 2019, and increasing to 3.00:1.0 starting with the fiscal quarter ending April 30, 2019, and (2) a maximum leverage ratio of 3.50:1.0 starting with the fiscal quarter ending July 31, 2019, and dropping to 3.00:1.0 in the fiscal quarter ending January 31, 2020. At April 30, 2020, Autodesk was in compliance with the credit agreement covenants. Revolving loans under the credit agreement bear interest, at Autodesk's option, at either (i) a floating rate per annum equal to the base rate plus a margin of between 0.000% and 0.500%, depending on Autodesk’s Public Debt Rating (as defined in the credit agreement) or (ii) a per annum rate equal to the rate at which dollar deposits are offered in the London interbank market, plus a margin of between 0.900% and 1.500%, depending on Autodesk’s Public Debt Rating. The maturity date on the credit agreement is December 2023. At April 30, 2020, Autodesk had no outstanding borrowings under the credit agreement.

In June 2017, Autodesk issued $500.0 million aggregate principal amount of 3.5% notes due June 15, 2027 (the “2017 Notes”). Net of a discount of $3.1 million and issuance costs of $4.9 million, Autodesk received net proceeds of $492.0 million from issuance of the 2017 Notes. Both the discount and issuance costs are being amortized to interest expense over the term of the 2017 Notes using the effective interest method. The proceeds of the 2017 Notes have been used for the repayment of $400.0 million of debt due December 15, 2017, and the remainder is available for general corporate purposes.

In June 2015, Autodesk issued $450.0 million aggregate principal amount of 3.125% notes due June 15, 2020 ("$450.0 million 2015 Notes") and $300.0 million aggregate principal amount of 4.375% notes due June 15, 2025 (“$300.0 million 2015 Notes”) (collectively, the "2015 Notes"). Net of a discount of $0.6 million and $1.1 million, and issuance costs of $3.8 million and $2.5 million, Autodesk received net proceeds of $445.6 million and $296.4 million from issuance of the $450.0 million 2015 Notes and $300.0 million 2015 Notes, respectively. Both the discount and issuance costs are being amortized to interest expense over the respective term of the $300.0 million 2015 Notes using the effective interest method. The proceeds of the $300.0 million 2015 Notes is available for general corporate purposes. On March 4, 2020, the proceeds of the 2020 Notes were used for the repayment of the $450.0 million 2015 Notes. Autodesk paid a redemption price of $452.1 million, plus accrued and unpaid interest to, but not including, the date of redemption.

In December 2012, Autodesk issued $350.0 million aggregate principal amount of 3.6% notes due December 15, 2022 (“2012 Notes”). Autodesk received net proceeds of $346.7 million from issuance of the 2012 Notes, net of a discount of $0.5 million and issuance costs of $2.8 million. Both the discount and issuance costs are being amortized to interest expense over the respective terms of the 2012 Notes using the effective interest method. The proceeds of the 2012 Notes are available for general corporate purposes.

The 2020 Notes, 2017 Notes, $300 million 2015 Notes and the 2012 Notes may all be redeemed at any time, subject to a make whole premium. In addition, upon the occurrence of certain change of control triggering events, Autodesk may be required to repurchase all the aforementioned notes, at a price equal to 101% of their principal amount, plus accrued and unpaid interest to the date of repurchase. All notes contain restrictive covenants that limit Autodesk's ability to create certain liens, to enter into certain sale and leaseback transactions and to consolidate or merge with, or convey, transfer or lease all or substantially all of its assets, subject to important qualifications and exceptions.

Based on the quoted market prices, the approximate fair value of the notes as of April 30, 2020, were as follows:



(in millions)	Aggregate Principal Amount		Fair value
2012 Notes	$	350.0	$	366.9
$300 million 2015 Notes	300.0		328.6
2017 Notes	500.0		555.9
2020 Notes	500.0		524.4

The expected future principal payments for all borrowings as of April 30, 2020, is as follows (in millions):



Fiscal year ending
2021 (remainder)	—
2022	—
2023	350.0
2024	—
2025	—
Thereafter	1,300.0
Total principal outstanding	$	1,650.0

Computer Equipment, Software, Furniture and Leasehold Improvements, Net (Details) - USD ($) $ in Millions	Apr. 30, 2020	Jan. 31, 2020
Property, Plant and Equipment [Line Items]
Computer software, hardware, leasehold improvements, furniture and equipment, gross	$ 587.8	$ 576.7
Less: Accumulated depreciation	(423.6)	(415.0)
Computer software, hardware, leasehold improvements, furniture and equipment, net	164.2	161.7
Computer hardware
Property, Plant and Equipment [Line Items]
Computer software, hardware, leasehold improvements, furniture and equipment, gross	155.0	159.7
Computer software
Property, Plant and Equipment [Line Items]
Computer software, hardware, leasehold improvements, furniture and equipment, gross	64.8	64.0
Leasehold improvements, land and buildings
Property, Plant and Equipment [Line Items]
Computer software, hardware, leasehold improvements, furniture and equipment, gross	292.5	284.0
Furniture and Equipment
Property, Plant and Equipment [Line Items]
Computer software, hardware, leasehold improvements, furniture and equipment, gross	$ 75.5	$ 69.0

Financial Instruments (Tables)

3 Months Ended

Apr. 30, 2020

Investments, All Other Investments [Abstract]

Summary of financial instruments' amortized cost, gross unrealized gains, gross unrealized losses, and fair value by significant investment category

The following tables summarize the Company's financial instruments' amortized cost, gross unrealized gains, gross unrealized losses, and fair value by significant investment category as of April 30, 2020, and January 31, 2020:



			April 30, 2020
		(in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value			Level 1		Level 2			Level 3
Cash equivalents (1):
	Commercial paper		$	29.0	$	—	$	—		$	29.0		$	—	$	29.0		$	—
	Money market funds		690.2		—		—			690.2			690.2		—			—
	Other (2)		5.1		—		—			5.1			4.1		1.0			—
Marketable securities:
	Short-term available for sale
		Commercial paper	11.0		—		—			11.0			—		11.0			—
	Short-term trading securities
		Mutual funds (3)	62.1		5.4		(1.3		)	66.2			66.2		—			—
Non-marketable equity security derivative asset (4)			0.1		0.4		(0.2		)	0.3			—		—			0.3
Derivative contract assets (4)			0.2		12.0		(0.1		)	12.1			—		12.1			—
Derivative contract liabilities (5)			—		—		(6.5		)	(6.5		)	—		(6.5		)	—
		Total	$	797.7	$	17.8	$	(8.1	)	$	807.4		$	760.5	$	46.6		$	0.3

____________________


(1)	Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities with stated contractual maturities due within one year.


(2)	Consists of custody cash deposits and certificates of deposit.


(3)	See Note 11, "Deferred Compensation " for more information.


(4)	Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets.


(5)	Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.



			January 31, 2020
		(in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value			Level 1		Level 2			Level 3
Cash equivalents (1):
	Agency bonds		$	6.0	$	—	$	—		$	6.0		$	—	$	6.0		$	—
	Commercial paper		36.8		—		—			36.8			—		36.8			—
	Money market funds		1,135.5		—		—			1,135.5			1,135.5		—			—
	Other (2)		2.3		—		—			2.3			1.3		1.0			—
Marketable securities:
	Short-term trading securities
		Mutual funds (3)	59.9		9.2		(0.1		)	69.0			69.0		—			—
Non-marketable equity security derivative asset (4)			0.1		0.5		—			0.6			—		—			0.6
Derivative contract assets (4)			1.0		9.2		(1.3		)	8.9			—		8.9			—
Derivative contract liabilities (5)			—		—		(4.7		)	(4.7		)	—		(4.7		)	—
		Total	$	1,241.6	$	18.9	$	(6.1	)	$	1,254.4		$	1,205.8	$	48.0		$	0.6

____________________


(1)	Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities with stated contractual maturities due in one year.


(2)	Consists of custody cash deposits and certificates of deposit.


(3)	See Note 11, "Deferred Compensation " for more information.


(4)	Included in “Prepaid expenses and other current assets,” or "Long-term other assets," in the accompanying Condensed Consolidated Balance Sheets.

(5)

Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.

Equity securities without readily determinable fair value

Adjustments to the carrying value of our non-marketable equity securities with no readily determined fair values measured using the measurement alternative were as follows:



	Three Months Ended April 30,						Cumulative Amount as of April 30, 2020
(in millions)	2020			2019
Upward adjustments (1)	$	3.0		$	0.5		$	12.4
Negative adjustments, including impairments (1)	(19.1		)	(3.2		)	(28.1		)
Net adjustments	$	(16.1	)	$	(2.7	)	$	(15.7	)

____________________

(1)

Included in "Interest and other expense, net" on the Company's Condensed Consolidated Statements of Operations.

Location and amount of gain or (loss) recognized

The location and amount of gain or loss recognized in income on cash flow hedges together with the total amount of income or expense presented in the Company's Condensed Consolidated Statements of Operations where the effects of the hedge are recorded were as follows for the three months ended April 30, 2020 and 2019:



	Three Months Ended April 30, 2020
	Net revenue				Cost of revenue			Operating expenses
(in millions)	Subscription revenue		Maintenance revenue		Cost of subscription and maintenance revenue			Marketing and sales			Research and development			General and administrative
Total amounts of income and expense line items presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded	$	803.0	$	62.1	$	57.4		$	341.3		$	217.4		$	104.8

Gain (loss) on cash flow hedging relationships in Subtopic ASC 815-20
Foreign exchange contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income into income	$	2.1	$	0.6	$	(0.2	)	$	(0.8	)	$	(0.1	)	$	(0.4	)



	Three Months Ended April 30, 2019
	Net Revenue				Cost of revenue			Operating expenses
(in millions)	Subscription Revenue		Maintenance Revenue		Cost of subscription and maintenance revenue			Marketing and sales			Research and development			General and administrative
Total amounts of income and expense line items presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded	$	595.8	$	112.0	$	59.7		$	313.3		$	205.6		$	99.1

Gain (loss) on cash flow hedging relationships in Subtopic ASC 815-20
Foreign exchange contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income into income	$	2.2	$	1.3	$	(0.1	)	$	(1.6	)	$	(0.3	)	$	(0.8	)

Schedule of fair values of derivative instruments

The fair values of derivative instruments in Autodesk’s Condensed Consolidated Balance Sheets were as follows as of April 30, 2020 and January 31, 2020:



	Balance Sheet Location	Fair Value at
(in millions)	Balance Sheet Location	April 30, 2020		January 31, 2020
Derivative Assets
Foreign currency contracts designated as cash flow hedges	Prepaid expenses and other current assets	$	7.4	$	1.0
Derivatives not designated as hedging instruments	Prepaid expenses and other current assets and long-term other assets	5.0		8.4
Total derivative assets		$	12.4	$	9.4
Derivative Liabilities
Foreign currency contracts designated as cash flow hedges	Other accrued liabilities	$	4.0	$	2.8
Derivatives not designated as hedging instruments	Other accrued liabilities	2.5		1.9
Total derivative liabilities		$	6.5	$	4.7

The effects of derivatives designated as hedging instruments

The effects of derivatives designated as hedging instruments on Autodesk’s Condensed Consolidated Statements of Operations were as follows for the three months ended April 30, 2020 and 2019, (amounts presented include any income tax effects):



	Foreign Currency Contracts
	Three Months Ended April 30,
(in millions)	2020			2019
Amount of gain recognized in accumulated other comprehensive loss on derivatives (effective portion)	$	5.1		$	4.0
Amount and location of gain (loss) reclassified from accumulated other comprehensive loss into income (effective portion)
Net revenue	$	2.7		$	3.5
Cost of revenue	(0.2		)	(0.1		)
Operating expenses	(1.3		)	(2.7		)
Total	$	1.2		$	0.7

The effects of derivatives not designated as hedging instruments on Autodesk’s Condensed Consolidated Statements of Operations were as follows for the three months ended April 30, 2020 and 2019, (amounts presented include any income tax effects):



	Three Months Ended April 30,
(in millions)	2020			2019
Amount and location of (loss) gain recognized on derivatives in net income (loss)
Interest and other expense, net	$	(1.0	)	$	4.1

Revenue Recognition

3 Months Ended

Apr. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Disaggregation

Information regarding the components of Autodesk's net revenue from contracts with customers by product family, geographic location, and sales channel is as follows:



	Three Months Ended April 30,
(in millions)	2020		2019
Net revenue by product family:
Architecture, Engineering and Construction	$	382.7	$	304.3
AutoCAD and AutoCAD LT	262.2		213.2
Manufacturing	182.9		167.5
Media and Entertainment	52.6		45.5
Other	5.3		5.0
Total net revenue	$	885.7	$	735.5

Net revenue by geographic area:
Americas
U.S.	$	300.6	$	249.1
Other Americas	61.6		46.7
Total Americas	362.2		295.8
Europe, Middle East and Africa	344.8		297.2
Asia Pacific	178.7		142.5
Total net revenue	$	885.7	$	735.5

Net revenue by sales channel:
Indirect	$	623.4	$	516.4
Direct	262.3		219.1
Total net revenue	$	885.7	$	735.5

Contract Balances

Cloud Computing Arrangements

- Definition

+ References

+ Details

Financial Instruments

3 Months Ended

Apr. 30, 2020

Investments, All Other Investments [Abstract]

Financial Instruments



			April 30, 2020
		(in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value			Level 1		Level 2			Level 3
Cash equivalents (1):
	Commercial paper		$	29.0	$	—	$	—		$	29.0		$	—	$	29.0		$	—
	Money market funds		690.2		—		—			690.2			690.2		—			—
	Other (2)		5.1		—		—			5.1			4.1		1.0			—
Marketable securities:
	Short-term available for sale
		Commercial paper	11.0		—		—			11.0			—		11.0			—
	Short-term trading securities
		Mutual funds (3)	62.1		5.4		(1.3		)	66.2			66.2		—			—
Non-marketable equity security derivative asset (4)			0.1		0.4		(0.2		)	0.3			—		—			0.3
Derivative contract assets (4)			0.2		12.0		(0.1		)	12.1			—		12.1			—
Derivative contract liabilities (5)			—		—		(6.5		)	(6.5		)	—		(6.5		)	—
		Total	$	797.7	$	17.8	$	(8.1	)	$	807.4		$	760.5	$	46.6		$	0.3

____________________


(1)	Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities with stated contractual maturities due within one year.


(2)	Consists of custody cash deposits and certificates of deposit.


(3)	See Note 11, "Deferred Compensation " for more information.


(4)	Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets.


(5)	Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.



			January 31, 2020
		(in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value			Level 1		Level 2			Level 3
Cash equivalents (1):
	Agency bonds		$	6.0	$	—	$	—		$	6.0		$	—	$	6.0		$	—
	Commercial paper		36.8		—		—			36.8			—		36.8			—
	Money market funds		1,135.5		—		—			1,135.5			1,135.5		—			—
	Other (2)		2.3		—		—			2.3			1.3		1.0			—
Marketable securities:
	Short-term trading securities
		Mutual funds (3)	59.9		9.2		(0.1		)	69.0			69.0		—			—
Non-marketable equity security derivative asset (4)			0.1		0.5		—			0.6			—		—			0.6
Derivative contract assets (4)			1.0		9.2		(1.3		)	8.9			—		8.9			—
Derivative contract liabilities (5)			—		—		(4.7		)	(4.7		)	—		(4.7		)	—
		Total	$	1,241.6	$	18.9	$	(6.1	)	$	1,254.4		$	1,205.8	$	48.0		$	0.6

____________________


(1)	Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities with stated contractual maturities due in one year.


(2)	Consists of custody cash deposits and certificates of deposit.


(3)	See Note 11, "Deferred Compensation " for more information.


(4)	Included in “Prepaid expenses and other current assets,” or "Long-term other assets," in the accompanying Condensed Consolidated Balance Sheets.


(5)	Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.

Autodesk applies fair value accounting for certain financial assets and liabilities, which consist of cash equivalents, marketable securities and other financial instruments, on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

As of April 30, 2020, and January 31, 2020, Autodesk had no material unrealized losses, individually and in the aggregate, for marketable debt securities that are in a continuous unrealized loss position for greater than twelve months. Total unrealized gains for securities with net gains in accumulated other comprehensive income was not material for the three months ending April 30, 2020.

Autodesk monitors all marketable debt securities for potential credit losses by reviewing indicators such as, but not limited to, current credit rating, change in credit rating, credit outlook, and default risk. There were no allowances for credit losses for the three months ending April 30, 2020. There were no write offs of accrued interest receivables for the three months ending April 30, 2020.

There was no realized gain or loss for the sales or redemptions of debt securities during the three months ended April 30, 2020 and 2019. Gains and losses resulting from the sale or redemption of debt securities are recorded in “Interest and other expense, net” on the Company's Condensed Consolidated Statements of Operations.

There were no proceeds from the sale and maturity of marketable debt securities for the three months ended April 30, 2020. Proceeds from the sale and maturity of marketable debt securities for the three months ended April 30, 2019 were $4.6 million.

Non-marketable equity securities

As of April 30, 2020, and January 31, 2020, Autodesk had $148.5 million and $122.5 million in direct investments in privately held companies, respectively. These non-marketable equity security investments do not have readily determined fair values, and Autodesk uses the measurement alternative to account for the adjustment to these investments in a given quarter. If Autodesk determines that an impairment has occurred, Autodesk writes down the investment to its fair value.

Adjustments to the carrying value of our non-marketable equity securities with no readily determined fair values measured using the measurement alternative were as follows:



	Three Months Ended April 30,						Cumulative Amount as of April 30, 2020
(in millions)	2020			2019
Upward adjustments (1)	$	3.0		$	0.5		$	12.4
Negative adjustments, including impairments (1)	(19.1		)	(3.2		)	(28.1		)
Net adjustments	$	(16.1	)	$	(2.7	)	$	(15.7	)

____________________


(1)	Included in "Interest and other expense, net" on the Company's Condensed Consolidated Statements of Operations.

Foreign currency contracts designated as cash flow hedges

Autodesk uses foreign currency contracts to reduce the exchange rate impact on a portion of the net revenue or operating expense of certain anticipated transactions. These currency collars and forward contracts are designated and documented as cash flow hedges. The notional amounts of these contracts are presented net settled and were $889.3 million at April 30, 2020, and $981.3 million at January 31, 2020. Outstanding contracts are recognized as either assets or liabilities on the balance sheet at fair value. The majority of the net gain of $12.4 million remaining in “Accumulated other comprehensive loss” as of April 30, 2020 is expected to be recognized into earnings within the next twenty-four months.



	Three Months Ended April 30, 2020
	Net revenue				Cost of revenue			Operating expenses
(in millions)	Subscription revenue		Maintenance revenue		Cost of subscription and maintenance revenue			Marketing and sales			Research and development			General and administrative
Total amounts of income and expense line items presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded	$	803.0	$	62.1	$	57.4		$	341.3		$	217.4		$	104.8

Gain (loss) on cash flow hedging relationships in Subtopic ASC 815-20
Foreign exchange contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income into income	$	2.1	$	0.6	$	(0.2	)	$	(0.8	)	$	(0.1	)	$	(0.4	)



	Three Months Ended April 30, 2019
	Net Revenue				Cost of revenue			Operating expenses
(in millions)	Subscription Revenue		Maintenance Revenue		Cost of subscription and maintenance revenue			Marketing and sales			Research and development			General and administrative
Total amounts of income and expense line items presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded	$	595.8	$	112.0	$	59.7		$	313.3		$	205.6		$	99.1

Gain (loss) on cash flow hedging relationships in Subtopic ASC 815-20
Foreign exchange contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income into income	$	2.2	$	1.3	$	(0.1	)	$	(1.6	)	$	(0.3	)	$	(0.8	)

Derivatives not designated as hedging instruments

Autodesk uses foreign currency contracts that are not designated as hedging instruments to reduce the exchange rate risk associated primarily with foreign currency denominated receivables, payables, and cash. The notional amounts of these foreign currency contracts are presented net settled and were $219.1 million at April 30, 2020, and $736.2 million at January 31, 2020.

Fair Value of Derivative Instruments

The fair values of derivative instruments in Autodesk’s Condensed Consolidated Balance Sheets were as follows as of April 30, 2020 and January 31, 2020:



	Balance Sheet Location	Fair Value at
(in millions)	Balance Sheet Location	April 30, 2020		January 31, 2020
Derivative Assets
Foreign currency contracts designated as cash flow hedges	Prepaid expenses and other current assets	$	7.4	$	1.0
Derivatives not designated as hedging instruments	Prepaid expenses and other current assets and long-term other assets	5.0		8.4
Total derivative assets		$	12.4	$	9.4
Derivative Liabilities
Foreign currency contracts designated as cash flow hedges	Other accrued liabilities	$	4.0	$	2.8
Derivatives not designated as hedging instruments	Other accrued liabilities	2.5		1.9
Total derivative liabilities		$	6.5	$	4.7



	Foreign Currency Contracts
	Three Months Ended April 30,
(in millions)	2020			2019
Amount of gain recognized in accumulated other comprehensive loss on derivatives (effective portion)	$	5.1		$	4.0
Amount and location of gain (loss) reclassified from accumulated other comprehensive loss into income (effective portion)
Net revenue	$	2.7		$	3.5
Cost of revenue	(0.2		)	(0.1		)
Operating expenses	(1.3		)	(2.7		)
Total	$	1.2		$	0.7



	Three Months Ended April 30,
(in millions)	2020			2019
Amount and location of (loss) gain recognized on derivatives in net income (loss)
Interest and other expense, net	$	(1.0	)	$	4.1

Deferred Compensation (Additional Information) (Details) - USD ($)	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Jan. 31, 2020
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Marketable securities	$ 77,200,000		$ 69,000,000.0
Costs to obtain a contract	91,500,000		98,800,000
Amortization of costs to obtain a contract	22,800,000	$ 24,700,000
Impairment loss	0	$ 0
Rabbi Trust
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred compensation liability	66,200,000		69,000,000.0
Deferred compensation liability, current	4,700,000		5,300,000
Deferred compensation liability, non-current	$ 61,500,000		$ 63,700,000

Financial Instruments (Non-Marketable Equity Securities) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Equity Securities without Readily Determinable Fair Value, Annual Amount [Abstract]
Upward adjustments	$ 3.0	$ 0.5
Negative adjustments, including impairments	(19.1)	(3.2)
Net adjustments	(16.1)	$ (2.7)
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Cumulative Amount [Abstract]
Upward adjustments	12.4
Negative adjustments, including impairments	(28.1)
Net adjustments	$ (15.7)

Stock-based Compensation Expense (Tables)

3 Months Ended

Apr. 30, 2020

Share-based Payment Arrangement [Abstract]

Schedule of summary of restricted stock activity

A summary of restricted stock activity for the three months ended April 30, 2020, is as follows:



	Unvested restricted stock units		Weighted average grant date fair value per share
	(in thousands)
Unvested restricted stock units at January 31, 2020	4,732.3		$	147.24
Granted	775.4		168.55
Vested	(727.6	)	148.38
Canceled/Forfeited	(63.4	)	148.64
Performance Adjustment (1)	15.4		166.97
Unvested restricted stock units at April 30, 2020	4,732.1		$	150.43

_______________


(1)	Based on Autodesk's financial results and relative total stockholder return for the fiscal 2020 performance period. The performance stock units were attained at rates ranging from 96.6% to 101.1% of the target award.

Schedule of summary of the ESPP activity

A summary of the ESPP activity for the three months ended April 30, 2020 and 2019 is as follows:



	Three Months Ended April 30,
	2020		2019
Issued shares (in millions)	0.5		0.5
Average price of issued shares	$	122.54	$	99.46
Weighted average grant date fair value of awards granted under the ESPP (1)	$	45.70	$	52.41

_______________

(1)

Calculated as of the award grant date using the Black-Scholes Merton (“BSM") option pricing model.

Schedule of stock-based compensation expense

The following table summarizes stock-based compensation expense for the three months ended April 30, 2020 and 2019, respectively, as follows:



	Three Months Ended April 30,
(in millions)	2020			2019
Cost of subscription and maintenance revenue	$	3.7		$	3.6
Cost of other revenue	1.5			1.3
Marketing and sales	40.7			32.5
Research and development	32.9			26.7
General and administrative	19.4			11.1
Stock-based compensation expense related to stock awards and ESPP purchases	98.2			75.2
Tax benefit	(0.1		)	(0.2		)
Stock-based compensation expense related to stock awards and ESPP purchases, net of tax	$	98.1		$	75.0

Schedule of assumptions to estimate the fair value of stock-based awards

Autodesk uses the following assumptions to estimate the fair value of stock-based awards:



	Three Months Ended April 30, 2020		Three Months Ended April 30, 2019
	Performance Stock Units	ESPP	Performance Stock Units	ESPP
Range of expected volatilities	50.7%	39.4 - 45.8%	36.3%	36.6 - 39.7%
Range of expected lives (in years)	N/A	0.5 - 2.0	N/A	0.5 - 2.0
Expected dividends	—%	—%	—%	—%
Range of risk-free interest rates	0.3%	0.3 - 0.5%	2.5%	2.4 - 2.5%

Cloud Computing Arrangements (Details) - USD ($)	3 Months Ended
Cloud Computing Arrangements (Details) - USD ($)	Apr. 30, 2020	Apr. 30, 2019	Jan. 31, 2020
Capitalized Contract Cost [Line Items]
Capitalized contract cost	$ 91,500,000		$ 98,800,000
Amortization expense	22,800,000	$ 24,700,000
Cloud-based Software Hosting Arrangements
Capitalized Contract Cost [Line Items]
Capitalized contract cost	31,100,000		22,300,000
Accumulated amortization	2,100,000		$ 1,200,000
Amortization expense	$ 900,000	$ 0

Revenue Recognition (Tables)

3 Months Ended

Apr. 30, 2020

Revenue from Contract with Customer [Abstract]

Net revenue from contracts with customers by geographic location, product family, and sales channel

Information regarding the components of Autodesk's net revenue from contracts with customers by product family, geographic location, and sales channel is as follows:



	Three Months Ended April 30,
(in millions)	2020		2019
Net revenue by product family:
Architecture, Engineering and Construction	$	382.7	$	304.3
AutoCAD and AutoCAD LT	262.2		213.2
Manufacturing	182.9		167.5
Media and Entertainment	52.6		45.5
Other	5.3		5.0
Total net revenue	$	885.7	$	735.5

Net revenue by geographic area:
Americas
U.S.	$	300.6	$	249.1
Other Americas	61.6		46.7
Total Americas	362.2		295.8
Europe, Middle East and Africa	344.8		297.2
Asia Pacific	178.7		142.5
Total net revenue	$	885.7	$	735.5

Net revenue by sales channel:
Indirect	$	623.4	$	516.4
Direct	262.3		219.1
Total net revenue	$	885.7	$	735.5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Operating activities:
Net income (loss)	$ 66.5	$ (24.2)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, amortization and accretion	30.0	32.7
Stock-based compensation expense	98.2	75.2
Deferred income taxes	3.5	24.4
Restructuring and other exit costs, net	0.0	0.2
Other operating activities	32.7	15.3
Changes in operating assets and liabilities
Accounts receivable	295.5	206.2
Prepaid expenses and other assets	(47.5)	11.4
Accounts payable and other liabilities	(154.6)	(172.6)
Deferred revenue	(1.1)	62.2
Accrued income taxes	4.1	(9.6)
Net cash provided by operating activities	327.3	221.2
Investing activities:
Purchases of marketable securities	(11.0)	(19.8)
Sales of marketable securities	0.0	4.6
Capital expenditures	(19.9)	(14.7)
Purchases of developed technologies	(3.6)	0.0
Other investing activities	(43.5)	0.7
Net cash used in investing activities	(78.0)	(29.2)
Financing activities:
Proceeds from issuance of common stock, net of issuance costs	56.8	46.9
Taxes paid related to net share settlement of equity awards	(32.5)	(25.8)
Repurchases of common stock	(202.0)	(88.5)
Repayment of debt	(450.0)	(125.0)
Other financing activities	(2.5)	0.0
Net cash used in financing activities	(630.2)	(192.4)
Effect of exchange rate changes on cash and cash equivalents	(4.1)	(2.4)
Net decrease in cash and cash equivalents	(385.0)	(2.8)
Cash and cash equivalents at beginning of period	1,774.7	886.0
Cash and cash equivalents at end of period	1,389.7	883.2
Non-cash financing activities:
Fair value of common stock issued to settle liability-classified restricted stock units	$ 28.7	$ 0.0

Revenue Recognition (Payment Terms) (Details) (Details)	3 Months Ended
Revenue Recognition (Payment Terms) (Details) (Details)	Apr. 30, 2020
Minimum
Disaggregation of Revenue [Line Items]
Subscription Payment Terms	30 days
EBA Payment Terms	30 days
Maximum
Disaggregation of Revenue [Line Items]
Subscription Payment Terms	60 days
EBA Payment Terms	60 days

Computer Equipment, Software, Furniture and Leasehold Improvements, Net (Tables)

3 Months Ended

Apr. 30, 2020

Property, Plant and Equipment [Abstract]

Computer equipment, software, furniture, leasehold improvements and the related accumulated depreciation

Computer equipment, software, furniture, leasehold improvements and the related accumulated depreciation were as follows:



(in millions)	April 30, 2020			January 31, 2020
Computer hardware, at cost	$	155.0		$	159.7
Computer software, at cost	64.8			64.0
Leasehold improvements, land and buildings, at cost	292.5			284.0
Furniture and equipment, at cost	75.5			69.0
	587.8			576.7
Less: Accumulated depreciation	(423.6		)	(415.0		)
Computer software, hardware, leasehold improvements, furniture and equipment, net	$	164.2		$	161.7

Concentration of Credit Risk (Additional Information) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Jan. 31, 2020	Dec. 31, 2018
Concentration Risk [Line Items]
Unsecured revolving credit facility				$ 650,000,000.0
Tech Data \| Net Revenue
Concentration Risk [Line Items]
Concentration risk (in percentage)	38.00%	35.00%
Tech Data \| Accounts Receivable
Concentration Risk [Line Items]
Concentration risk (in percentage)	38.00%		31.00%
Ingram Micro \| Net Revenue
Concentration Risk [Line Items]
Concentration risk (in percentage)	10.00%	10.00%

Leases (Additional Information) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2020	Jan. 31, 2020
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term (in years)	7 years 4 months 24 days	7 years 6 months
Weighted average discount rate (in percentage)	3.36%	3.41%
Operating lease minimum payments, executed leases that have not commenced	$ 29.8
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)	1 year
Lease renewal term (in years)	1 year
Optional termination period (in years)	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)	70 years
Lease renewal term (in years)	10 years
Optional termination period (in years)	10 years

Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Apr. 30, 2020

Equity [Abstract]

Schedule of Accumulated other comprehensive loss, net of taxes

Accumulated other comprehensive loss, net of taxes, consisted of the following at April 30, 2020:



(in millions)	Net Unrealized Gains (Losses) on Derivative Instruments			Net Unrealized Gains (Losses) on Available-for-Sale Debt Securities		Defined Benefit Pension Components			Foreign Currency Translation Adjustments			Total
Balances, January 31, 2020	$	8.4		$	4.7	$	(22.8	)	$	(150.6	)	$	(160.3	)
Other comprehensive income (loss) before reclassifications	5.6			0.2		—			(22.9		)	(17.1		)
Pre-tax (gains)losses reclassified from accumulated other comprehensive loss	(1.2		)	0.1		(0.3		)	—			(1.4		)
Tax effects	(0.4		)	0.1		—			—			(0.3		)
Net current period other comprehensive income (loss)	4.0			0.4		(0.3		)	(22.9		)	(18.8		)
Balances, April 30, 2020	$	12.4		$	5.1	$	(23.1	)	$	(173.5	)	$	(179.1	)

Stock-based Compensation Expense (Additional Information) (Details) $ in Millions	3 Months Ended
	Apr. 30, 2020 USD ($) period shares	Apr. 30, 2019 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	$ 98.2	$ 75.2
Settlement of liability-classified restricted stock units	28.7	0.0
Market capitalization	$ 2,000.0
Expected dividend yield (in percentage)	0.00%
Restricted Stock Units (RSUs) and Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vested in period, fair value	$ 111.4	50.3
Awards granted in period (shares) \| shares	775,400
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted in period (shares) \| shares	500,000
Allocated share-based compensation expense	$ 76.9	54.4
Performance Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted in period (shares) \| shares	300,000
Allocated share-based compensation expense	$ 7.4	$ 6.5
Award vesting period	3 years
Expected dividend yield (in percentage)	0.00%	0.00%
1998 Employee Qualified Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock purchase plan maximum percentage of compensation to purchase shares by eligible participants	15.00%
Employee stock purchase plan minimum percentage of common stock fair value defined to purchase shares by eligible participants	85.00%
Employee stock purchase plan, number of exercise periods \| period	4
Employee stock purchase plan, term of exercise period	6 months
Employee stock purchase plan, term of offering period	24 months
Expected dividend yield (in percentage)	0.00%	0.00%
Share-based Compensation Award, Tranche One \| Performance Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
PSU annual vesting percentage	33.33%
Share-based Compensation Award, Tranche Two \| Performance Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
PSU annual vesting percentage	33.33%
Share-based Compensation Award, Tranche Three \| Performance Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
PSU annual vesting percentage	33.33%

Borrowing Arrangements (Details)		1 Months Ended					3 Months Ended
Borrowing Arrangements (Details)	Mar. 04, 2020 USD ($)	Jan. 31, 2020 USD ($)	Dec. 31, 2018 USD ($)	Jun. 30, 2017 USD ($)	Jun. 30, 2015 USD ($)	Dec. 31, 2012 USD ($)	Apr. 30, 2020 USD ($)	Dec. 15, 2017 USD ($)
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 650,000,000.0
Senior Notes
Debt Instrument [Line Items]
Repayments of debt	$ 452,100,000
Senior Notes \| 2.85 Notes due January 15 2030
Debt Instrument [Line Items]
Face amount		$ 500,000,000.0					$ 500,000,000.0
Stated interest rate		2.85%
Unamortized discount		$ 1,100,000
Debt issuance costs		4,800,000
Proceeds from debt, net of issuance costs		$ 494,100,000
Senior Notes \| 2017 Notes
Debt Instrument [Line Items]
Stated interest rate				3.50%
Unamortized discount				$ 3,100,000
Debt issuance costs				4,900,000
Proceeds from debt, net of issuance costs				492,000,000.0
Senior Notes \| 2017 Senior Notes
Debt Instrument [Line Items]
Face amount				$ 500,000,000.0			500,000,000.0	$ 400,000,000.0
Senior Notes \| Senior Notes due 2020
Debt Instrument [Line Items]
Face amount					$ 450,000,000.0
Stated interest rate					3.125%
Unamortized discount					$ 600,000
Debt issuance costs					3,800,000
Proceeds from debt, net of issuance costs					445,600,000
Senior Notes \| Senior Notes due 2025
Debt Instrument [Line Items]
Face amount					$ 300,000,000.0		300,000,000.0
Stated interest rate					4.375%
Unamortized discount					$ 1,100,000
Debt issuance costs					2,500,000
Proceeds from debt, net of issuance costs					$ 296,400,000
Senior Notes \| 2012 Senior Notes
Debt Instrument [Line Items]
Face amount						$ 350,000,000.0	350,000,000.0
Stated interest rate						3.60%
Unamortized discount						$ 500,000
Debt issuance costs						2,800,000
Proceeds from debt, net of issuance costs						$ 346,700,000
Senior Notes \| 2015 Notes
Debt Instrument [Line Items]
Debt redemption percentage of principle amount (as a percent)					101.00%
Revolving Credit Facility \| December 17, 2018 Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, increase limit			$ 350,000,000.0
Line of credit facility, outstanding borrowings							$ 0
Fiscal quarter ending January 31, 2019 \| Revolving Credit Facility \| December 17, 2018 Credit Agreement
Debt Instrument [Line Items]
Debt covenant, interest coverage ratio, minimum			2.50
Fiscal quarter ending April 30, 2019 \| Revolving Credit Facility \| December 17, 2018 Credit Agreement
Debt Instrument [Line Items]
Debt covenant, interest coverage ratio, minimum			3.00
Fiscal quarter ending July 31, 2019 \| Revolving Credit Facility \| December 17, 2018 Credit Agreement
Debt Instrument [Line Items]
Debt covenant, leverage ratio, maximum			3.50
Fiscal quarter ending January 31, 2020 \| Revolving Credit Facility \| December 17, 2018 Credit Agreement
Debt Instrument [Line Items]
Debt covenant, leverage ratio, maximum			3.00
Minimum \| Base Rate \| Revolving Credit Facility \| December 17, 2018 Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate							0.00%
Minimum \| London Interbank Offered Rate (LIBOR) \| Revolving Credit Facility \| December 17, 2018 Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate							0.90%
Maximum \| Base Rate \| Revolving Credit Facility \| December 17, 2018 Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate							0.50%
Maximum \| London Interbank Offered Rate (LIBOR) \| Revolving Credit Facility \| December 17, 2018 Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate							1.50%

Concentration of Credit Risk	3 Months Ended
Concentration of Credit Risk	Apr. 30, 2020
Risks and Uncertainties [Abstract]
Concentration of Credit Risk	Concentration of Credit Risk Autodesk places its cash, cash equivalents and marketable securities in highly liquid instruments with, and in the custody of, multiple diversified financial institutions globally with high credit ratings and limits the amounts invested with any one institution, type of security and issuer. Autodesk’s primary commercial banking relationship is with Citigroup Inc. and its global affiliates. Citibank, N.A., an affiliate of Citigroup, is one of the lead lenders and an agent in the syndicate of Autodesk’s $650.0 million line of credit facility. See Note 13, "Borrowing Arrangements," in the Notes to Condensed Consolidated Financial Statements for further discussion. Total sales to the Company's largest distributor Tech Data Corporation and its global affiliates (“Tech Data”) accounted for 38% and 35% of Autodesk’s total net revenue for the three months ended April 30, 2020 and 2019, respectively. The majority of the net revenue from sales to Tech Data is for sales made outside of the United States. In addition, Tech Data accounted for 38% and 31% of trade accounts receivable at April 30, 2020, and January 31, 2020, respectively. Ingram Micro Inc. ("Ingram Micro") accounted for 10% of Autodesk's total net revenue during the three months ended April 30, 2020 and 2019. No other customer accounted for more than 10% of Autodesk's total net revenue or trade accounts receivable for each of the respective periods.

Net Income (Loss) Per Share (Tables)

3 Months Ended

Apr. 30, 2020

Earnings Per Share [Abstract]

Schedule of computation of the numerators and denominators used in the basic and diluted net loss per share amounts

The following table sets forth the computation of the numerators and denominators used in the basic and diluted net income (loss) per share amounts:



	Three Months Ended April 30,
(in millions, except per share data)	2020		2019
Numerator:
Net income (loss)	$	66.5	$	(24.2	)
Denominator:
Denominator for basic net income (loss) per share—weighted average shares	219.2		219.6
Effect of dilutive securities (1)	2.1		—
Denominator for dilutive net income (loss) per share	221.3		219.6
Basic net income (loss) per share	$	0.30	$	(0.11	)
Diluted net income (loss) per share	$	0.30	$	(0.11	)

____________________

(1)

The effect of dilutive securities of 2.3 million shares in the three months ended April 30, 2019, has been excluded from the calculation of diluted net loss per share as those shares would have been anti-dilutive due to the net loss incurred in that period.

Stockholders' Deficit (Narrative) (Details) - Common Stock Repurchase Program shares in Millions	3 Months Ended
	Apr. 30, 2020 $ / shares shares
Class of Stock [Line Items]
Common stock repurchased and retired (in shares)	1.2
Repurchased shares of its common stock on the open market, average repurchase price per share (in usd per share) \| $ / shares	$ 153.41
Common stock shares remained available for repurchase under repurchase plans (in shares)	13.5

Borrowing Arrangements - Future Minimum Payments For Borrowings (Details) $ in Millions	Apr. 30, 2020 USD ($)
Debt Disclosure [Abstract]
2021 (remainder)	$ 0.0
2022	0.0
2023	350.0
2024	0.0
2025	0.0
Thereafter	1,300.0
Total principal outstanding	$ 1,650.0

Other Intangible Assets, Net (Tables)

3 Months Ended

Apr. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of finite-lived intangible assets

Other intangible assets, including developed technologies, customer relationships, trade names, patents, user lists and the related accumulated amortization were as follows:



(in millions)	April 30, 2020			January 31, 2020
Developed technologies, at cost	$	649.4		$	647.1
Customer relationships, trade names, patents, and user lists, at cost (1)	529.6			532.2
Other intangible assets, at cost (2)	1,179.0			1,179.3
Less: Accumulated amortization	(985.6		)	(972.2		)
Other intangible assets, net	$	193.4		$	207.1

_______________


(1)	Included in “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets.


(2)	Includes the effects of foreign currency translation.

Stock-based Compensation Expense

3 Months Ended

Apr. 30, 2020

Share-based Payment Arrangement [Abstract]

Stock-based Compensation Expense

Restricted Stock Units:

A summary of restricted stock activity for the three months ended April 30, 2020, is as follows:



	Unvested restricted stock units		Weighted average grant date fair value per share
	(in thousands)
Unvested restricted stock units at January 31, 2020	4,732.3		$	147.24
Granted	775.4		168.55
Vested	(727.6	)	148.38
Canceled/Forfeited	(63.4	)	148.64
Performance Adjustment (1)	15.4		166.97
Unvested restricted stock units at April 30, 2020	4,732.1		$	150.43

_______________


(1)	Based on Autodesk's financial results and relative total stockholder return for the fiscal 2020 performance period. The performance stock units were attained at rates ranging from 96.6% to 101.1% of the target award.

The fair value of the shares vested during the three months ended April 30, 2020 and 2019, was $111.4 million and $50.3 million, respectively.

During the three months ended April 30, 2020, Autodesk granted 0.5 million restricted stock units. Autodesk recorded stock-based compensation expense related to restricted stock units of $76.9 million and $54.4 million during the three months ended April 30, 2020 and 2019, respectively.

During the three months ended April 30, 2020, Autodesk settled the remaining liability-classified awards in the amount of $28.7 million. The ultimate number of shares earned was based on the Autodesk closing stock price on the vesting date. As these awards were settled in a fixed dollar amount of shares, the awards were accounted for as a liability-classified award and were expensed using the straight-line method over the vesting period.

During the three months ended April 30, 2020, Autodesk granted 0.3 million performance stock units for which the ultimate number of shares earned is determined based on the achievement of performance criteria at the end of the stated service and performance period. The performance criteria for the performance stock units are based on revenue goals adopted by the Compensation and Human Resource Committee, as well as total stockholder return compared against companies in the S&P North American Technology Software Index with a market capitalization over $2.0 billion (“Relative TSR”). The fair value of the performance stock units is expensed using the accelerated attribution method over the three-year vesting period and have the following vesting schedule:


•	Up to one third of the performance stock units may vest following year one, depending upon the achievement of the performance criteria for fiscal 2021 as well as 1-year Relative TSR (covering year one).


•	Up to one third of the performance stock units may vest following year two, depending upon the achievement of the performance criteria for year two as well as 2-year Relative TSR (covering years one and two).


•	Up to one third of the performance stock units may vest following year three, depending upon the achievement of the performance criteria for year three as well as 3-year Relative TSR (covering years one, two and three).

Performance stock units are not considered outstanding stock at the time of grant, as the holders of these units are not entitled to any of the rights of a stockholder, including voting rights.

Autodesk recorded stock-based compensation expense related to performance stock units of $7.4 million and $6.5 million for the three months ended April 30, 2020 and 2019, respectively.

1998 Employee Qualified Stock Purchase Plan (“ESPP”)

Under Autodesk’s ESPP, which was approved by stockholders in 1998, eligible employees may purchase shares of Autodesk’s common stock at their discretion using up to 15% of their eligible compensation, subject to certain limitations, at 85% of the lower of Autodesk's closing price (fair market value) on the offering date or the exercise date. The offering period for ESPP awards consists of four, six-month exercise periods within a 24-month offering period.

A summary of the ESPP activity for the three months ended April 30, 2020 and 2019 is as follows:



	Three Months Ended April 30,
	2020		2019
Issued shares (in millions)	0.5		0.5
Average price of issued shares	$	122.54	$	99.46
Weighted average grant date fair value of awards granted under the ESPP (1)	$	45.70	$	52.41

_______________


(1)	Calculated as of the award grant date using the Black-Scholes Merton (“BSM") option pricing model.

Stock-based Compensation Expense

The following table summarizes stock-based compensation expense for the three months ended April 30, 2020 and 2019, respectively, as follows:



	Three Months Ended April 30,
(in millions)	2020			2019
Cost of subscription and maintenance revenue	$	3.7		$	3.6
Cost of other revenue	1.5			1.3
Marketing and sales	40.7			32.5
Research and development	32.9			26.7
General and administrative	19.4			11.1
Stock-based compensation expense related to stock awards and ESPP purchases	98.2			75.2
Tax benefit	(0.1		)	(0.2		)
Stock-based compensation expense related to stock awards and ESPP purchases, net of tax	$	98.1		$	75.0

Stock-based Compensation Expense Assumptions

Autodesk determines the grant date fair value of its share-based payment awards using a BSM option pricing model or the quoted stock price on the date of grant, unless the awards are subject to market conditions, in which case Autodesk uses a binomial-lattice model (e.g., Monte Carlo simulation model). The Monte Carlo simulation model uses multiple input variables to estimate the probability that market conditions will be achieved. Autodesk uses the following assumptions to estimate the fair value of stock-based awards:



	Three Months Ended April 30, 2020		Three Months Ended April 30, 2019
	Performance Stock Units	ESPP	Performance Stock Units	ESPP
Range of expected volatilities	50.7%	39.4 - 45.8%	36.3%	36.6 - 39.7%
Range of expected lives (in years)	N/A	0.5 - 2.0	N/A	0.5 - 2.0
Expected dividends	—%	—%	—%	—%
Range of risk-free interest rates	0.3%	0.3 - 0.5%	2.5%	2.4 - 2.5%

Autodesk estimates expected volatility for stock-based awards based on the average of the following two measures: (1) a measure of historical volatility in the trading market for the Company’s common stock, and (2) the implied volatility of traded forward call options to purchase shares of the Company’s common stock. The expected volatility for performance stock units subject to market conditions includes the expected volatility of Autodesk's peer companies within the S&P North American Technology Software Index with a market capitalization over $2.0 billion, depending on the award type.

The range of expected lives of ESPP awards are based upon the four, six-month exercise periods within a 24-month offering period.

Autodesk does not currently pay, and does not anticipate paying in the foreseeable future, any cash dividends. Consequently, an expected dividend yield of zero is used in the BSM option pricing model and the Monte Carlo simulation model.

The risk-free interest rate used in the BSM option pricing model and the Monte Carlo simulation model for stock-based awards is the historical yield on U.S. Treasury securities with equivalent remaining lives.

Autodesk recognizes expense only for the stock-based awards that ultimately vest. Autodesk accounts for forfeitures of our stock-based awards as those forfeitures occur.

Financial Instruments (Cost and Fair Value of Financial Instruments) (Details) - USD ($) $ in Millions	Apr. 30, 2020	Jan. 31, 2020
Cash equivalents
Amortized Cost	$ 1,389.7	$ 1,774.7
Short-term trading securities
Convertible debt securities, Amortized Cost	0.1	0.1
Convertible debt securities, Gross unrealized gains	0.4	0.5
Convertible debt securities, Gross unrealized losses	(0.2)	0.0
Convertible debt securities, Fair Value	0.3	0.6
Derivative contract assets, Amortized Cost	0.2	1.0
Derivative contract assets, Gross unrealized gains	12.0	9.2
Derivative contract assets, Gross unrealized losses	(0.1)	(1.3)
Derivative contract assets	12.1	8.9
Derivative contract liabilities, Amortized Cost	0.0	0.0
Derivative contract liabilities, Gross unrealized gains	0.0	0.0
Derivative contract liabilities, Gross unrealized losses	(6.5)	(4.7)
Derivative contract liabilities	(6.5)	(4.7)
Amortized Cost	797.7	1,241.6
Gross unrealized gains	17.8	18.9
Gross unrealized losses	(8.1)	(6.1)
Fair Value	807.4	1,254.4
Level 1
Short-term trading securities
Convertible debt securities, Fair Value	0.0
Derivative contract assets	0.0	0.0
Derivative contract liabilities	0.0	0.0
Fair Value	760.5	1,205.8
Level 2
Short-term trading securities
Convertible debt securities, Fair Value	0.0
Derivative contract assets	12.1	8.9
Derivative contract liabilities	(6.5)	(4.7)
Fair Value	46.6	48.0
Level 3
Short-term trading securities
Convertible debt securities, Fair Value	0.3	0.6
Derivative contract assets	0.0	0.0
Derivative contract liabilities	0.0	0.0
Fair Value	0.3	0.6
Agency bonds
Cash equivalents
Amortized Cost		6.0
Fair Value		6.0
Agency bonds \| Level 1
Cash equivalents
Fair Value		0.0
Agency bonds \| Level 2
Cash equivalents
Fair Value		6.0
Agency bonds \| Level 3
Cash equivalents
Fair Value		0.0
Commercial paper
Cash equivalents
Amortized Cost	29.0	36.8
Fair Value	29.0	36.8
Marketable securities:
Amortized Cost	11.0
Gross Unrealized Gains	0.0
Gross Unrealized Losses	0.0
Fair Value	11.0
Commercial paper \| Level 1
Cash equivalents
Fair Value	0.0	0.0
Marketable securities:
Fair Value	0.0
Commercial paper \| Level 2
Cash equivalents
Fair Value	29.0	36.8
Marketable securities:
Fair Value	11.0
Commercial paper \| Level 3
Cash equivalents
Fair Value	0.0	0.0
Marketable securities:
Fair Value	0.0
Money market funds
Cash equivalents
Amortized Cost	690.2	1,135.5
Fair Value	690.2	1,135.5
Money market funds \| Level 1
Cash equivalents
Fair Value	690.2	1,135.5
Money market funds \| Level 2
Cash equivalents
Fair Value	0.0	0.0
Money market funds \| Level 3
Cash equivalents
Fair Value	0.0	0.0
Other
Cash equivalents
Amortized Cost	5.1	2.3
Fair Value	5.1	2.3
Other \| Level 1
Cash equivalents
Fair Value	4.1	1.3
Other \| Level 2
Cash equivalents
Fair Value	1.0	1.0
Other \| Level 3
Cash equivalents
Fair Value	0.0	0.0
Mutual funds
Short-term trading securities
Amortized Cost	62.1	59.9
Gross Unrealized Gains	5.4	9.2
Gross Unrealized Losses	(1.3)	(0.1)
Fair Value	66.2	69.0
Mutual funds \| Level 1
Short-term trading securities
Fair Value	66.2	69.0
Mutual funds \| Level 2
Short-term trading securities
Fair Value	0.0	0.0
Mutual funds \| Level 3
Short-term trading securities
Fair Value	$ 0.0	$ 0.0

Segments (Details) $ in Millions	3 Months Ended
Segments (Details) $ in Millions	Apr. 30, 2020 USD ($) segment	Jan. 31, 2020 USD ($)
Segment Reporting [Abstract]
Number of operating segments \| segment	1
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 588.9	$ 600.5
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	457.9	467.4
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	425.0	434.2
Other Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	32.9	33.2
Europe, Middle East and Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	78.7	75.8
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 52.3	$ 57.3