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

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