|
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 |
###
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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