Fiscal 2022 Financial Highlights

• Total billings increased 16 percent to $4.82 billion.
• Total revenue was $4.39 billion, an increase of 16 percent as reported, and 14 percent on a constant currency basis. Recurring revenue represents 96 percent of total.
• Design revenue was $3.87 billion, an increase of 15 percent as reported, and 13 percent on a constant currency basis.
• Make revenue was $364 million, an increase of 23 percent as reported, and 21 percent on a constant currency basis.
• Subscription plan revenue was $4.16 billion, an increase of 19 percent as reported, and 18 percent on a constant currency basis.
• Maintenance plan revenue was $76 million, a decrease of 58 percent as reported and on a constant currency basis.
• Total subscriptions increased approximately 767 thousand from fiscal 2021 to 6.04 million at the end of fiscal 2022. Total subscriptions adjusted for the multi-user trade-in increased approximately 595 thousand from fiscal 2021 to 5.65 million.
• Subscription plan subscriptions increased 871 thousand from the end of fiscal 2021 to 6.02 million at the end of fiscal 2022.
• GAAP operating income was $618 million, including lease-related charges of $104 million, compared to $629 million last year. GAAP operating margin was 14 percent, down 3 percentage points.
• Total non-GAAP operating income was $1.40 billion compared to $1.11 billion last year. Non-GAAP operating margin was 32 percent, up 3 percentage points.
• GAAP diluted net income per share was $2.24, including $0.47 negative impact of lease-related charges, compared to $5.44, including $3.06 positive impact of a deferred tax asset valuation allowance release, last year.
• Non-GAAP diluted net income per share was $5.07, compared to $4.05 last year.
• Cash flow from operating activities increased to $1.53 billion, compared to $1.44 billion in fiscal 2021. Free cash flow increased to $1.48 billion, compared to $1.35 billion in fiscal 2021.