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Basis of Presentation | 6 Months Ended
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Jul. 31, 2017
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 July 31, 2017, and for the three and six months ended July 31, 2017 and 2016, 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 and six months ended July 31, 2017 are not necessarily indicative of the results for the entire fiscal year ending January 31, 2018, or for any other period. Further, the balance sheet as of January 31, 2017 has been derived from the audited 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, 2017. 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, 2017, filed on March 21, 2017. Change in Presentation During the first quarter of fiscal 2018, the Company changed its historical presentation of its revenue and cost of revenue categories. Previously, the Company presented revenue and cost of revenue on two lines: subscription, and license and other. Included within subscription was maintenance revenue for all our software products and revenue for our cloud service offerings. License and other revenue included product license revenue, standalone consulting services, and other immaterial items. Also, included within license and other revenue was an allocation of the estimated value of the software license from our term-based product subscriptions and enterprise offerings, which contain a software license, maintenance and cloud services. For these arrangements, as there is no vendor-specific-objective evidence ("VSOE") for the related maintenance, the arrangement consideration was allocated between the license and maintenance deliverables based on best estimated selling prices in our condensed consolidated statements of operations. The Company performed the allocation because it provided a meaningful presentation to investors based on the Company's then current product mix. As part of the Company's technological and business model transition, the Company discontinued the sale of most of its perpetual licenses, transitioning away from selling a mix of perpetual licenses and term-based product subscriptions to a single subscription model involving more highly interrelated software and cloud functionalities. Fiscal 2018 marks the first full year in the Company's history that it will sell substantially term-based product subscriptions. To better reflect this shift in our business, the Company adopted a revised presentation in the first quarter of fiscal 2018, including the separation of subscription revenue and maintenance revenue on distinct line items on the Company's condensed consolidated statement of operations. Subscription revenue now consists of our full term-based product subscriptions, cloud service offerings, and flexible enterprise business arrangements. Note that with the change in our condensed consolidated statement of operations in the first quarter of fiscal 2018, our term-based product subscriptions and flexible enterprise business arrangements are classified and presented in a single line item. Maintenance revenue is presented as a separate line item in the new presentation and consists of revenue from our existing maintenance plan agreements and related renewals. License and other revenue will continue to be presented as a separate line item and include any residual perpetual licenses sold, standalone consulting services, and other immaterial items. In connection with these revisions, the Company also revised its cost of revenue classification to present cost of subscription and maintenance revenue and amortization of developed technology separately. Cost of license and other revenue will continue to be presented as a separate line item. This change in presentation does not affect our total net revenues, total cost of net revenues or overall gross margin. The following table shows reclassified amounts to conform to the current period presentation:
| Three Months Ended July 31, 2016 |  | Six Months Ended July 31, 2016
| Previously Reported |  | Change in Presentation Reclassification |  | Current Presentation |  | Previously Reported |  | Change in Presentation Reclassification |  | Current Presentation
Net revenue: |  |  |  |  |  |  |  |  |  |  |
Maintenance (1) | N/A |  | $ | 277.5 |  |  | $ | 277.5 |  |  | N/A |  | $ | 561.9 |  |  | $ | 561.9 |
Subscription | $ | 322.0 |  |  | (220.2 | ) |  | 101.8 |  |  | $ | 648.0 |  |  | (460.7 | ) |  | 187.3 |
License and other | 228.7 |  |  | (57.3 | ) |  | 171.4 |  |  | 414.6 |  |  | (101.2 | ) |  | 313.4 |
Total | $ | 550.7 |  |  | $ | — |  |  | $ | 550.7 |  |  | $ | 1,062.6 |  |  | $ | — |  |  | $ | 1,062.6 |
Cost of revenue: |  |  |  |  |  |  |  |  |  |  |
Maintenance and subscription (2) | $ | 38.2 |  |  | $ | 8.6 |  |  | $ | 46.8 |  |  | $ | 78.0 |  |  | $ | 15.4 |  |  | $ | 93.4 |
License and other | 46.9 |  |  | (19.3 | ) |  | 27.6 |  |  | 99.5 |  |  | (37.0 | ) |  | 62.5 |
Amortization of developed technology (1) | N/A |  | 10.7 |  |  | 10.7 |  | N/A |  | 21.6 |  |  | 21.6
Total | $ | 85.1 |  |  | $ | — |  |  | $ | 85.1 |  |  | $ | 177.5 |  |  | $ | — |  |  | $ | 177.5 |
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(1) | These lines were not previously reported in the Condensed Consolidated Statement of Operations.
(2) | Previously, titled "Subscription."

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