|
Condensed Consolidated Statements of Income
(In thousands, except per share data) |
|
| |
|
|
Three Months Ended |
|
Six Months Ended |
| |
|
|
|
|
|
| |
|
|
(Unaudited)
June 1
2001
|
|
(Unaudited)
June 2
2000
|
|
(Unaudited)
June 1
2001
|
|
(Unaudited)
June 2
2000
|
| Revenue |
|
$ 344,093 |
|
$300,085 |
|
$673,062 |
|
$582,317 |
| |
|
|
|
|
|
|
|
|
|
| Direct costs |
|
22,359 |
|
20,604 |
|
42,375 |
|
41,326 |
| |
|
|
|
|
|
|
|
|
|
| Gross margin |
|
321,734 |
|
279,481 |
|
630,687 |
|
540,991 |
| |
|
|
|
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
| |
Research and development |
|
59,597 |
|
60,912 |
|
115,284 |
|
118,370 |
| |
Sales and marketing |
|
109,582 |
|
93,622 |
|
213,442 |
|
181,382 |
| |
General and administrative |
|
31,075 |
|
27,920 |
|
61,445 |
|
54,677 |
| |
Restructuring and other charges |
|
-- |
|
6,301 |
|
-- |
|
5,629 |
| |
Amortization of goodwill and purchased intangibles |
|
3,581 |
|
1,215 |
|
7,163 |
|
2,418 |
| |
|
|
|
|
|
|
|
|
|
| Total operating expenses |
|
203,835 |
|
189,970 |
|
397,334 |
|
362,476 |
| |
|
|
|
|
|
|
|
|
|
| Operating income |
|
117,899 |
|
89,511 |
|
233,353 |
|
178,515 |
| |
|
|
|
|
|
|
|
|
|
| Nonoperating income (loss), net: |
|
|
|
|
|
|
|
|
| |
Investment gain (loss) |
|
(31,031) |
|
7,691 |
|
(48,069) |
|
12,367 |
| |
Interest and other income |
|
4,632 |
|
3,993 |
|
10,329 |
|
9,644 |
| |
|
|
|
|
|
|
|
|
|
| Total nonoperating income (loss), net |
|
(26,399) |
|
11,684 |
|
(37,740) |
|
22,011 |
| |
|
|
|
|
|
|
|
|
|
| Income before income taxes |
|
91,500 |
|
101,195 |
|
195,613 |
|
200,526 |
|
|
|
|
|
|
|
|
|
|
|
| Provision for income taxes |
|
30,195 |
|
35,418 |
|
64,552 |
|
70,184 |
| |
|
|
|
|
|
|
|
|
|
| Net income |
|
$61,305 |
|
$65,777 |
|
$131,061 |
|
$130,342 |
| |
|
|
|
|
|
|
|
|
|
| Basic net income per share |
|
$ 0.26 |
|
$0.28 |
|
$.55 |
|
$0.55 |
| |
|
|
|
|
|
|
|
|
|
| Shares used in computing basic net income per share |
|
238,163 |
|
237,516 |
|
239,212 |
|
237,146 |
| |
|
|
|
|
|
|
|
|
|
| Diluted net income per share |
|
$0.25 |
|
$0.26 |
|
$.52 |
|
$0.51 |
| |
|
|
|
|
|
|
|
|
|
| Shares used in computing diluted net income per share |
|
250,127 |
|
255,348 |
|
252,115 |
|
254,712 |
| |
|
|
|
|
|
|
|
|
|
| |
| Return to the 2001 Second 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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