|
Condensed Consolidated Statements of Income
(In thousands, except per share data) |
|
| |
|
|
Three Months Ended |
|
| |
|
|
|
|
| |
|
|
(Unaudited)
March 2
2001
|
|
(Unaudited)
March 3
2000
|
|
| Revenue |
|
$328,969 |
|
$282,232 |
|
| |
|
|
|
|
|
|
| Direct costs |
|
20,016 |
|
20,722 |
|
| |
|
|
|
|
|
|
| Gross margin |
|
308,953 |
|
261,510 |
|
| |
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
| |
Research and development |
|
55,687 |
|
57,458 |
|
| |
Sales and marketing |
|
103,860 |
|
87,760 |
|
| |
General and administrative |
|
30,370 |
|
26,757 |
|
| |
Restructuring and other charges |
|
-- |
|
(672) |
|
| |
Amortization of goodwill and purchased intangibles |
|
3,582 |
|
1,203 |
|
| |
|
|
|
|
|
|
| Total operating expenses |
|
193,499 |
|
172,506 |
|
| |
|
|
|
|
|
|
| Operating income |
|
115,454 |
|
89,004 |
|
| |
|
|
|
|
|
|
| Nonoperating income (loss), net: |
|
|
|
|
|
| |
Investment gain (loss) |
|
(17,038) |
|
4,676 |
|
| |
Interest and other income |
|
5,697 |
|
5,651 |
|
| |
|
|
|
|
|
|
| Total nonoperating income (loss), net |
|
(11,341) |
|
10,327 |
|
| |
|
|
|
|
|
|
| Income before income taxes |
|
104,113 |
|
99,331 |
|
|
|
|
|
|
|
|
|
| Income tax provision |
|
34,357 |
|
34,766 |
|
| |
|
|
|
|
|
|
| Net income |
|
$69,756 |
|
$64,565 |
|
| |
|
|
|
|
|
|
| Basic net income per share |
|
$ 0.29 |
|
$0.27 |
|
| |
|
|
|
|
|
|
| Shares used in computing basic net income per share |
|
240,078 |
|
237,256 |
|
| |
|
|
|
|
|
|
| Diluted net income per share |
|
$0.28 |
|
$0.26 |
|
| |
|
|
|
|
|
|
| Shares used in computing diluted net income per share |
|
253,609 |
|
252,978 |
|
| |
|
|
|
|
|
|
| |
| Return to the 2001 First Quarter Earnings Release |
###
Copyright © 2001 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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