Adobe Fiscal 2000 Third Quarter Results - Condensed Consolidated Statements of Income
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

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