Adobe 1998 Annual Report Download - page 31

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Item 8. Financial Statements and Supplementary Data
FINANCIAL STATEMENTS
The Company’s financial statements required by this item are submitted as a separate section of this
Form 10-K. See Item 14.(a)1 for a listing of financial statements provided in the section titled ‘‘FINAN-
CIAL STATEMENTS’’.
SUPPLEMENTARY DATA
The following tables (presented in thousands, except per share amounts) set forth quarterly supplementary
data for each of the years in the two-year period ended November 27, 1998.
1998
Year
Quarter Ended Ended
Feb. 27 May 29 Aug. 28 Nov. 27 Nov. 27
Revenue ............................ $197,813 $227,310 $222,932 $246,736 $894,791
Gross profit .......................... 167,827 200,018 196,151 219,358 783,354
Income before income taxes .............. 42,635 44,645 242 80,172 167,694
Net income .......................... 26,744 27,980 152 50,268 105,144
Basic net income per share ............... 0.39 0.42 — 0.80 1.58
Shares used in computing basic net income per
share ............................. 67,762 66,735 67,278 63,115 66,433
Diluted net income per share ............. 0.38 0.41 — 0.78 1.55
Shares used in computing diluted net income
per share .......................... 69,585 68,990 68,412 64,207 67,974
1997
Year
Quarter Ended Ended
Feb. 28 May 30 Aug. 29 Nov. 28 Nov. 28
Revenue ............................ $226,459 $228,264 $230,039 $227,132 $911,894
Gross profit .......................... 192,170 195,606 197,350 200,497 785,623
Income before income taxes .............. 73,167 63,204 85,528 74,191 296,090
Net income .......................... 46,484 40,106 53,428 46,819 186,837
Basic net income per share ............... 0.65 0.56 0.73 0.66 2.60
Shares used in computing basic net income per
share ............................. 71,493 72,085 72,766 71,345 71,962
Diluted net income per share ............. 0.63 0.54 0.72 0.64 2.52
Shares used in computing diluted net income
per share .......................... 73,939 74,416 74,528 73,651 74,160
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
There were no disagreements on any matter of accounting principles, financial statement disclosure,
or auditing scope or procedure to be reported under this item.
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