Adobe Fiscal 2001 Second Quarter Results - Condensed Consolidated Statements of Income
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

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