|
Condensed Consolidated Statements of Income
(In thousands, except per share data) |
|
| |
|
|
Three Months Ended |
|
Nine Months Ended |
| |
|
|
|
|
|
| |
|
|
(Unaudited)
September 1
2000
|
|
(Unaudited)
September 3
1999
|
|
(Unaudited)
September 1
2000
|
|
(Unaudited)
September 3
1999
|
| Revenue |
|
$328,867 |
|
$260,876 |
|
$911,184 |
|
$733,664 |
| |
|
|
|
|
|
|
|
|
|
| Direct costs |
|
23,668 |
|
24,267 |
|
64,994 |
|
70,470 |
| |
|
|
|
|
|
|
|
|
|
| Gross margin |
|
305,199 |
|
236,609 |
|
846,190 |
|
663,194 |
| |
|
|
|
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
| |
Research and development |
|
61,572 |
|
47,996 |
|
179,942 |
|
140,469 |
| |
Sales and marketing |
|
106,633 |
|
84,843 |
|
288,015 |
|
242,798 |
| |
General and administrative |
|
29,903 |
|
26,191 |
|
84,580 |
|
78,646 |
| |
Restructuring and other charges |
|
-- |
|
4,417 |
|
5,629 |
|
19,757 |
| |
Amortization of goodwill and purchased intangibles |
|
1,215 |
|
1,211 |
|
3,633 |
|
3,599 |
| |
|
|
|
|
|
|
|
|
|
| Total operating expenses |
|
199,323 |
|
164,658 |
|
561,799 |
|
485,269 |
| |
|
|
|
|
|
|
|
|
|
| Operating income |
|
105,876 |
|
71,951 |
|
284,391 |
|
177,925 |
| |
|
|
|
|
|
|
|
|
|
| Nonoperating income, net: |
|
|
|
|
|
|
|
|
| |
Investment gain |
|
9,397 |
|
13,151 |
|
21,764 |
|
27,145 |
| |
Interest and other income |
|
5,156 |
|
4,926 |
|
14,800 |
|
16,065 |
| |
|
|
|
|
|
|
|
|
|
| Total nonoperating income, net |
|
14,553 |
|
18,077 |
|
36,564 |
|
43,210 |
| |
|
|
|
|
|
|
|
|
|
| Income before income taxes |
|
120,429 |
|
90,028 |
|
320,955 |
|
221,135 |
|
|
|
|
|
|
|
|
|
|
|
| Provision for income taxes |
|
42,159 |
|
32,873 |
|
112,343 |
|
80,743 |
| |
|
|
|
|
|
|
|
|
|
| Net income |
|
$78,270 |
|
$57,155 |
|
$208,612 |
|
$140,392 |
| |
|
|
|
|
|
|
|
|
|
| Basic net income per share |
|
$ .66 |
|
$ .47 |
|
$1.75 |
|
$ 1.16 |
| |
|
|
|
|
|
|
|
|
|
| Shares used in computing basic net income per share |
|
119,232 |
|
121,896 |
|
118,951 |
|
121,344 |
| |
|
|
|
|
|
|
|
|
|
| Diluted net income per share |
|
$.61 |
|
$ .44 |
|
$1.63 |
|
$1.09 |
| |
|
|
|
|
|
|
|
|
|
| Shares used in computing diluted net income per share |
|
127,914 |
|
129,658 |
|
127,599 |
|
128,958 |
| |
|
|
|
|
|
|
|
|
|
| |
| Return to the 2000 Third Quarter Earnings Release |
###
Copyright © 2000 Adobe Systems Incorporated. All rights reserved. Adobe and the Adobe logo are trademarks of Adobe Systems Incorporated. All other trademarks are properties of their respective owners.
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