Adobe 2004 Annual Report Download - page 31

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31
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data (presented in thousands, except per share amounts and
employee data) are derived from Adobe’s consolidated financial statements. This data should be read in conjunction
with the consolidated financial statements and notes thereto, and with Item 7, Management’s Discussion and
Analysis of Financial Condition and Results of Operations. All share and per share amounts referred to in the table
below have been adjusted to reflect the two-for-one stock split in the form of stock dividends effected October 24,
2000.
Fiscal Years
2004 2003 2002 2001 2000
Operations:
Revenue ................................................................
.
$ 1,666,581 $ 1,294,749 $ 1,164,788 $ 1,229,720 $ 1,266,378
Gross profit ...........................................................
.
1,562,203 1,201,727 1,060,500 1,148,269 1,179,123
Income before income taxes..................................
608,645 380,492 284,689 306,931 443,739
Net income(*).........................................................
.
450,398 266,344 191,399 205,644 287,808
Net income per share(*)
Basic..................................................................
1.89 1.14 0.81 0.86 1.21
Diluted...............................................................
.
1.82 1.10 0.79 0.83 1.13
Cash dividends declared per common share .........
.
0.05 0.05 0.05 0.05 0.05
Financial position:
Cash, cash equivalents and short-term
investments .......................................................
.
1,313,221 1,096,533 617,737 581,613 679,853
Working capital.....................................................
.
1,099,621 892,498 436,883 453,713 563,307
Total assets............................................................
.
1,958,632 1,555,045 1,051,610 932,173 1,069,416
Stockholders’ equity .............................................
.
1,423,477 1,100,800 674,321 616,972 752,544
Additional data:
Worldwide employees...........................................
.
3,848 3,515 3,319 3,043 2,947
(*) In 2004, includes investment gain of $2.5 million. In 2003, includes investment loss of $12.9 million and reversal of restructuring and other
charges of $0.5 million. In 2002, includes investment loss of $17.2 million, restructuring and other charges of $12.1 million, acquired in-process
research and development of $5.8 million, and amortization and impairment of goodwill and purchased and other intangibles of $21.0 million.
For further information regarding our acquisitions and restructuring charges, refer to Notes 2 and 8, respectively, in our Notes to Consolidated
Financial Statements. In 2001, includes investment loss of $93.4 million, restructuring and other charges of $12.1 million, and amortization of
goodwill and purchased and other intangibles of $14.3 million. In 2000, includes investment gains of $14.3 million, one-time gains from the sale
of assets of $2.7 million, restructuring and other charges of $5.6 million, in-process research and development of $0.5 million, and amortization
of goodwill and purchased and other intangibles of $7.0 million.