Adobe Fiscal 2001 Third Quarter Results - Condensed Consolidated Statements of Income
Condensed Consolidated Statements of Income
(In thousands, except per share data)
 
      Three Months Ended   Nine Months Ended
     
 
      (Unaudited)
August 31
2001


  (Unaudited)
September 1
2000


  (Unaudited)
August 31
2001


  (Unaudited)
September 1
2000


Revenue    $ 292,118   $328,867   $965,180   911,184
           
Direct costs   20,041   23,668   62,416   64,994
     
 
 
 
Gross profit   272,077   305,199   902,764   846,190
     
 
 
 
Operating expenses:                
  Research and development   54,189   61,572   169,473   179,942
  Sales and marketing   95,447   106,633   308,889   288,015
  General and administrative   26,030   29,903   87,475   84,580
  Restructuring and other charges   --   --   --   5,629
  Amortization of goodwill and purchased intangibles   3,568   1,215   10,731   3,633
     
 
 
 
Total operating expenses   179,234   199,323   576,568   561,799
     
 
 
 
Operating income   92,843   105,876   326,196   284,391
     
 
 
 
Nonoperating income, net:                
  Investment gain (loss)   (39,447)   9,397   (87,516)   21,764
  Interest and other income   6,744   5,156   17,073   14,800
     
 
 
 
Total nonoperating income (loss), net   (32,703)   14,553   (70,443)   36,564
     
 
 
 
Income before income taxes   60,140   120,429   255,753   320,955
Provision for income taxes   19,846   42,159   84,398   112,343
     
 
 
 
Net income   $40,294   $78,270   $171,355   $208,612
     

 

 

 

Basic net income per share   $ .17   $.33   $.72   $.88
     

 

 

 

Shares used in computing basic net income per share   238,051   238,464   239,110   237,902
     

 

 

 

Diluted net income per share   $.16   $.31   $.68   $.88
     

 

 

 

Shares used in computing diluted net income per share   248,566   255,828   250,844   255,198

     

 

 

 

 
Return to the 2001 Third Quarter Earnings Release

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