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Adobe Fiscal 2002 Second Quarter Results - Condensed Consolidated Statements of Income
Condensed Consolidated Statements of Income
(In thousands, except per share data)
 
      Three Months Ended   Six Months Ended
     
 
      (Unaudited)
May 31
2002


  (Unaudited)
June 1
2001


  (Unaudited)
May 31
2002


  (Unaudited)
June 1
2001


Revenue    $317,359   $344,093   $585,255   $673,062
           
Direct costs   25,133   22,359   46,130   42,375
     
 
 
 
Gross profit   292,226   321,734   539,125   630,687
     
 
 
 
Operating expenses:                
  Research and development   62,858   59,597   122,155   115,284
  Sales and marketing   103,898   109,582   193,216   213,442
  General and administrative   29,066   31,075   54,665   61,445
  Restructuring and other charges   1,605   --   1,605   --
  Acquired in-process research and development   410   --   5,769   --
  Amortization of goodwill and purchased intangibles   3,541   3,581   7,082   7,163
     
 
 
 
Total operating expenses   201,378   203,835   384,492   397,334
     
 
 
 
Operating income   90,848   117,899   154,633   233,353
     
 
 
 
Nonoperating income, net:                
  Investment (loss)   (13,728)   (31,031)   (9,195)   (48,069)
  Interest and other income   2,735   4,632   7,664   10,329
     
 
 
 
Total nonoperating loss, net   (10,993)   (26,399)   (1,531)   (37,740)
     
 
 
 
Income before income taxes   79,855   91,500   153,102   195,613
Provision for income taxes   25,554   30,195   48,993   64,552
     
 
 
 
Net income   $54,301   $61,305   $104,109   $131,061
     

 

 

 

Basic net income per share   $ .23   $.26   $.44   $.55
     

 

 

 

Shares used in computing basic net income per share   238,202   238,163   237,369   239,212
     

 

 

 

Diluted net income per share   $.22   $.25   $.42   $.52
     

 

 

 

Shares used in computing diluted net income per share   247,687   250,127   246,358   252,115

     

 

 

 

 
Return to the 2002 Second Quarter Earnings Release

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