Revenue Recognition

12 Months Ended

Jan. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Revenue Disaggregation

Autodesk recognizes revenue from the sale of (1) product subscriptions, cloud service offerings, and enterprise business agreements (“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 Consolidated Statements of Operations.

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

	Fiscal Year ended January 31,
	2022		2021		2020
Net revenue by product family:
Architecture, Engineering and Construction	$	1,959.9	$	1,648.6	$	1,377.1
Manufacturing	876.0		798.6		726.1
AutoCAD and AutoCAD LT	1,253.0		1,099.4		948.2
Media and Entertainment	258.9		219.4		199.2
Other	38.6		24.4		23.7
Total net revenue	$	4,386.4	$	3,790.4	$	3,274.3
Net revenue by geographic area:
Americas
U.S.	$	1,456.5	$	1,281.8	$	1,108.9
Other Americas	308.6		260.6		226.9
Total Americas	1,765.1		1,542.4		1,335.8
Europe, Middle East and Africa	1,700.4		1,472.6		1,303.5
Asia Pacific	920.9		775.4		635.0
Total net revenue	$	4,386.4	$	3,790.4	$	3,274.3
Net revenue by sales channel:
Indirect	$	2,849.4	$	2,600.0	$	2,282.2
Direct	1,537.0		1,190.4		992.1
Total net revenue	$	4,386.4	$	3,790.4	$	3,274.3
Net revenue by product type:
Design	$	3,868.8	$	3,365.8	$	2,920.1
Make	363.9		296.4		218.4
Other	153.7		128.2		135.8
Total net revenue	$	4,386.4	$	3,790.4	$	3,274.3

Payments for product subscriptions, industry collections, cloud subscriptions, and maintenance subscriptions are typically due up front with payment terms of 30 to 45 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 payable 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 January 31, 2022, Autodesk had remaining performance obligations of $4.74 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 $3.14 billion or 66% of our remaining performance obligations as revenue during the next 12 months. We expect to recognize the remaining $1.60 billion or 34% 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 January 31, 2022. 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 fiscal years ended January 31, 2022 and 2021, that was included in the deferred revenue balances at January 31, 2021 and 2020, was $2.50 billion and $2.24 billion, respectively. The satisfaction of performance obligations typically lags behind payments received under revenue contracts from customers.