Pro forma Results
(In thousands, except per share data)
The following table shows the Company's pro forma results reconciled to the Generally Accepted Accounting Principles ("GAAP") Consolidated Statements of Income table included on page 3 of this release. The Company's pro forma results do not include unusual or non-recurring events or transactions, restucturing and other charges, acquired in-process research and development, amortization of goodwill and purchased intangibles, or gains and losses on investments in equity securities.
      Three Months Ended   Six Months Ended
     
 
      May 31
2002


  June 1
2001


  May 31
2002


  June 1
2001


Income before income taxes    $79,855   $91,500   $153,102   $195,613
  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
Investment loss 13,728 31,031 9,195 48,069




Pro forma income before 99,139 126,112 176,753 250,845
income taxes
Income tax provision   31,724   41,617   56,561   82,779




Pro forma net income   67,415   84,495   120,192   168,066
     
 
 
 
Basic pro forma net income per share   $.28   $.35    $.51    $.70 
   

 

 

 

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








         
Diluted pro forma net income per share   $.27   $.34   $.49   $.67
   

 

 

 

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

 
 

 
 

 
 

 
The above results do not reflect GAAP, but are supplied to provide an alternative measure of our operating results.
 
Return to the 2002 Second Quarter Earnings Release

###

Copyright © 2002 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.

Back To Top