Adobe 2001 Annual Report Download - page 97

Download and view the complete annual report

Please find page 97 of the 2001 Adobe annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 105

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105

ADOBE SYSTEMS INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(In thousands, except share and per share data)
Note 16. Industry Segment and Geographic Information (Continued)
platforms. The OEM PostScript and Other segment includes printing technology to create and print simple
or visually rich documents with precision.
During and prior to fiscal 2000, we evaluated our business based on the contribution margins of each
of our four segments. During fiscal year 2001, our executive management team changed the way it
evaluates the performance of our business and revised their focus on evaluating the gross margins of each
of our segments. Our prior period segment disclosures have been revised here to reflect that change. In
addition, we reclassified certain direct costs between our operating segments in fiscal year 2000 to conform
to the fiscal year 2001 presentation.
The accounting policies of the operating segments are the same as those described in the summary of
significant accounting policies. We do not identify or allocate our assets by operating segments. As such,
segment asset information is not disclosed.
During the second quarter of fiscal 2001, we reclassified our eBook business-related revenue and
related expenses from our ePaper Solutions segment to our Cross-media segment in order to better align
our eBooks business goals with our Cross-media segment strategy. These reclassifications did not impact
total gross profit.
The following results are broken out by our old operating segments for the fiscal years 2001, 2000, and
1999:
OEM
Web Cross-media ePaper PostScript
Publishing Publishing Solutions and Other Total
Fiscal 2001
Revenue ........................ $482,535 $350,477 $291,917 $104,791 $1,229,720
Direct costs ...................... 34,859 25,519 15,847 5,226 81,451
Gross profit ...................... $447,676 $324,958 $276,070 $ 99,565 $1,148,269
93% 93% 95% 95% 93%
Fiscal 2000
Revenue ........................ $536,614 $390,497 $207,780 $131,487 $1,266,378
Direct costs ...................... 35,870 30,239 12,860 8,286 87,255
Gross profit ...................... $500,744 $360,258 $194,920 $123,201 $1,179,123
93% 92% 94% 94% 93%
Fiscal 1999
Revenue ........................ $394,073 $353,863 $129,333 $138,165 $1,015,434
Direct costs ...................... 33,505 33,792 14,533 12,710 94,540
Gross profit ...................... $360,568 $320,071 $114,800 $125,455 $ 920,894
91% 90% 89% 91% 91%
97