Adobe 2003 Annual Report Download - page 95

Download and view the complete annual report

Please find page 95 of the 2003 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 107

  • 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
  • 106
  • 107

95
Property and Equipment
In fiscal 2003, licenses of application products to Ingram Micro, Inc. (“Ingram”) and Tech Data
Corporation (“Tech Data”), including their respective affiliates, accounted for 28% and 13%, respectively,
of our total revenue. In fiscal 2002, licenses of application products to Ingram and Tech Data accounted for
27% and 14%, respectively, of our total revenue. In fiscal 2001, licenses of application products to Ingram
and Tech Data accounted for 24% and 15%, respectively, of our total revenue.
As of November 28, 2003, receivables from Ingram and Tech Data accounted for 34% and 9%,
respectively, of our total receivables. Receivables from Ingram and Tech Data accounted for 22% and 12%,
respectively, of our total receivables at November 29, 2002. As of November 30, 2001, receivables from
Ingram and Tech Data accounted for 31% and 21%, respectively, of our total receivables.
Note 17. Subsequent Event
In connection with our stock option exchange program that we initiated in May 2003, we granted
approximately 3.4 million shares with an exercise price of $39.10 on December 17, 2003. See Note 11 for
further information regarding our stock option exchange program.
Year Ended
November 28,
2003
November 29,
2002
November 30,
2001
Americas:
United States..................................................................... $ 57,753 $ 52,648 $ 67,303
Canada .............................................................................. 4,898 3,837 ―
Other................................................................................. 55 ―
Total Americas............................................................. 62,656 56,490 67,303
EMEA ................................................................................... 7,032 6,583 6,470
Asia:
Japan................................................................................. 764 964 1,796
India.................................................................................. 6,357 6,685 1,446
Other................................................................................. 198 368 596
Total Asia ......................................................................... 7,319 8,017 3,838
Total long-lived assets.......................................................... $ 77,007 $ 71,090 $ 77,611