|
Condensed Consolidated Statements of Income
(In thousands, except per share data) |
|
| |
|
|
Three Months Ended |
|
Twelve Months Ended |
| |
|
|
|
|
|
| |
|
|
(Unaudited)
November 30
2001
|
|
(Unaudited)
December 1
2000
|
|
(Audited)
November 30
2001
|
|
(Audited)
December 1
2000
|
| Revenue |
|
$264,540 |
|
$355,194 |
|
$1,229,720 |
|
$1,266,378 |
| |
|
|
|
|
|
|
|
|
|
| Direct costs |
|
19,035 |
|
22,261 |
|
81,451 |
|
87,255 |
| |
|
|
|
|
|
|
|
|
|
| Gross profit |
|
245,505 |
|
332,933 |
|
1,148,269 |
|
1,179,123 |
| |
|
|
|
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
| |
Research and development |
|
54,649 |
|
60,270 |
|
224,122 |
|
240,212 |
| |
Sales and marketing |
|
94,831 |
|
113,174 |
|
403,720 |
|
401,188 |
| |
General and administrative |
|
28,151 |
|
31,947 |
|
115,626 |
|
116,528 |
| |
Restructuring and other charges |
|
12,063 |
|
-- |
|
12,063 |
|
5,629 |
| |
Amortization of goodwill and purchased intangibles |
|
3,550 |
|
3,380 |
|
14,281 |
|
7,013 |
| |
Acquired in-process, research & development |
|
-- |
|
470 |
|
-- |
|
470 |
| |
|
|
|
|
|
|
|
|
|
| Total operating expenses |
|
193,244 |
|
209,241 |
|
769,812 |
|
771,040 |
| |
|
|
|
|
|
|
|
|
|
| Operating income |
|
52,261 |
|
123,692 |
|
378,457 |
|
408,083 |
| |
|
|
|
|
|
|
|
|
|
| Nonoperating income, net: |
|
|
|
|
|
|
|
|
| |
Investment gain (loss) |
|
(5,898) |
|
(7,417) |
|
(93,414) |
|
14,345 |
| |
Interest and other income |
|
4,815 |
|
6,510 |
|
21,888 |
|
21,311 |
| |
|
|
|
|
|
|
|
|
|
| Total nonoperating income (loss), net |
|
(1,083) |
|
(907) |
|
(71,526) |
|
35,656 |
| |
|
|
|
|
|
|
|
|
|
| Income before income taxes |
|
51,178 |
|
122,785 |
|
306,931 |
|
443,739 |
|
|
|
|
|
|
|
|
|
|
|
| Provision for income taxes |
|
16,889 |
|
43,589 |
|
101,287 |
|
155,931 |
| |
|
|
|
|
|
|
|
|
|
| Net income |
|
$34,289 |
|
$79,196 |
|
$205,644 |
|
$287,808 |
| |
|
|
|
|
|
|
|
|
|
| Basic net income per share |
|
$ .15 |
|
$.33 |
|
$.86 |
|
$1.21 |
| |
|
|
|
|
|
|
|
|
|
| Shares used in computing basic net income per share |
|
236,361 |
|
239,640 |
|
238,461 |
|
238,292 |
| |
|
|
|
|
|
|
|
|
|
| Diluted net income per share |
|
$.14 |
|
$.31 |
|
$.83 |
|
$1.13 |
| |
|
|
|
|
|
|
|
|
|
| Shares used in computing diluted net income per share |
|
243,411 |
|
257,294 |
|
249,145 |
|
255,774
|
| |
|
|
|
|
|
|
|
|
|
| |
| Return to the 2001 Fourth 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.
|
