|
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 |
###
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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