Adobe Fiscal 2002 First Quarter Results - Condensed Consolidated Statements of Income
Condensed Consolidated Statements of Income
(In thousands, except per share data)
 
      Three Months Ended  
     
 
      (Unaudited)
March 1
2002


  (Unaudited)
March 2
2001


 
Revenue    $267,896   $328,969  
         
Direct costs   20,997   20,016  
     
 
 
Gross profit   246,899   308,953  
     
 
 
Operating expenses:          
  Research and development   59,297   55,687  
  Sales and marketing   89,318   103,860  
  General and administrative   25,599   30,370  
  Acquired in-process research & development   5,359   --
  Amortization of goodwill and purchased intangibles   3,541   3,582  
     
 
 
Total operating expenses   183,114   193,499  
     
 
 
Operating income   63,785   115,454  
     
 
 
Nonoperating income, net:          
  Investment gain (loss)   4,533   (17,038)  
  Interest and other income   4,929   5,697  
     
 
 
Total nonoperating income (loss), net   9,462   (11,341)  
     
 
 
Income before income taxes   73,247   104,113  
Provision for income taxes   23,439   34,357  
     
 
 
Net income   $49,808   $69,756  
     

 

 
Basic net income per share   $ .21   $.29  
     

 

 
Shares used in computing basic net income per share   236,581   240,078  
     

 

 
Diluted net income per share   $.20   $.28  
     

 

 
Shares used in computing diluted net income per share   245,245   253,609  
     

 

 
 
Return to the 2002 First Quarter Earnings Release

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