Adobe Fiscal 2000 Fourth Quarter Results - Condensed Consolidated Statements of Income
Condensed Consolidated Statements of Income
(In thousands, except per share data)
 
      Three Months Ended   Twelve Months Ended
     
 
      (Unaudited)
December 1
2000


  (Unaudited)
December 3
1999


  (Audited)
December 1
2000


  (Audited)
December 3
1999


Revenue    $355,194   $281,770   $1,266,378   $1,015,434
           
Direct costs   22,261   24,070   87,255   94,540
     
 
 
 
Gross margin   332,933   257,700   1,179,123   920,894
     
 
 
 
Operating expenses:                
  Research and development   60,270   57,007   240,212   197,476
  Sales and marketing   113,174   85,707   401,188   328,505
  General and administrative   31,947   24,976   116,528   103,622
  Restructuring and other charges   --   3,271   5,629   23,028
  Amortization of goodwill and purchased intangibles   3,380   1,231   7,013   4,830
Acquired in-process research and development 470 3,580 470 3,580
     
 
 
 
Total operating expenses   209,241   175,772   771,040   661,041
     
 
 
 
Operating income   123,692   81,928   408,083   259,853
     
 
 
 
Nonoperating income, net:                
  Investment gain   (7,417)   61,745   14,345   88,891
  Interest and other income   6,510   9,619   21,311   25,683
     
 
 
 
Total nonoperating income, net   (907)   71,364   35,656   114,574
     
 
 
 
Income before income taxes   122,785   153,292   443,739   374,427
Provision for income taxes   43,589   55,933   155,931   136,676
     
 
 
 
Net income   $79,196   $97,359   $287,808   $237,751
     

 

 

 

Basic net income per share   $ 0.33   $ 0.41   $1.21   $ 0.98
     

 

 

 

Shares used in computing basic net income per share   239,640   238,340   238,292   241,572
     

 

 

 

Diluted net income per share   $0.31   $0.38   $1.13   $0.92
     

 

 

 

Shares used in computing diluted net income per share   257,294   254,812   255,774   258,410
     

 

 

 

 
Return to the 2000 Fourth Quarter Earnings Release

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