Adobe 2003 Annual Report Download - page 63
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63
ADOBE SYSTEMS INCORPORATED
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
November 28,
November 29,
2003 2002
ASSETS
Current assets:
Cash and cash equivalents .............................................................. $ 189,917 $ 183,684
Short-term investments................................................................... 906,616 434,053
Trade receivables, net of allowances for doubtful accounts of
$7,903 and $7,531, respectively .................................................
146,311
116,506
Other receivables............................................................................ 27,731 30,367
Deferred income taxes.................................................................... 35,875 31,530
Other current assets ........................................................................ 22,578 18,032
Total current assets.................................................................... 1,329,028 814,172
Property and equipment, net .............................................................. 77,007 71,090
Goodwill ............................................................................................ 95,971 82,746
Purchased and other intangibles, net.................................................. 15,318 16,067
Other assets........................................................................................ 37,721 43,085
Deferred income taxes ....................................................................... ― 24,450
$ 1,555,045 $ 1,051,610
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade and other payables............................................................... $ 37,437 $ 37,765
Accrued expenses.......................................................................... 160,009 135,028
Income taxes payable .................................................................... 193,484 173,311
Deferred revenue ........................................................................... 45,600 31,185
Total current liabilities .............................................................. 436,530 377,289
Deferred income taxes ....................................................................... 17,715 ―
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.0001 par value; 2,000 shares authorized; none
issued.........................................................................................
―
―
Common stock, $0.0001 par value; 900,000 shares authorized;
295,764 shares issued and outstanding in 2003 and 2002..........
29,576
29,576
Additional paid-in-capital .............................................................. 874,126 710,273
Retained earnings .......................................................................... 1,800,398 1,545,776
Accumulated other comprehensive loss ........................................ (999) (3,950)
Treasury stock, at cost (57,464 and 63,809 shares in 2003 and
2002, respectively), net of re-issuances ..................................... (1,602,301)
(1,607,354)
Stockholders’ equity .................................................................. 1,100,800 674,321
$ 1
,
555
,
045 $ 1
,
051
,
610
See accompanying Notes to Consolidated Financial Statements.