Adobe 2004 Annual Report Download - page 64
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64
ADOBE SYSTEMS INCORPORATED
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
December 3,
November 28,
2004 2003
ASSETS
Current assets:
Cash and cash equivalents .............................................................. $ 376,127 $ 189,917
Short-term investments................................................................... 937,094 906,616
Trade receivables, net of allowances for doubtful accounts of
$6,191 and $7,903, respectively .................................................
141,945
146,311
Other receivables............................................................................ 25,495 27,731
Deferred income taxes.................................................................... 51,751 35,875
Prepaid expenses and other current assets ...................................... 18,617 22,578
Total current assets.................................................................... 1,551,029 1,329,028
Property and equipment, net .............................................................. 99,675 77,007
Goodwill ............................................................................................ 110,287 95,971
Purchased and other intangibles, net.................................................. 15,513 15,318
Investment in lease receivable ........................................................... 126,800 ―
Other assets........................................................................................ 55,328 37,721
$ 1,958,632 $ 1,555,045
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade and other payables............................................................... $ 43,192 $ 37,437
Accrued expenses.......................................................................... 202,762 160,009
Income taxes payable .................................................................... 145,913 193,484
Deferred revenue ........................................................................... 59,541 45,600
Total current liabilities .............................................................. 451,408 436,530
Other long-term liabilities.................................................................. 4,838 ―
Deferred income taxes ....................................................................... 78,909 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 2004 and 2003..........
29,576
29,576
Additional paid-in-capital .............................................................. 1,164,643 874,126
Retained earnings .......................................................................... 2,238,807 1,800,398
Accumulated other comprehensive loss ........................................ (2,289) (999)
Treasury stock, at cost (53,577 and 57,464 shares in 2004 and
2003, respectively), net of re-issuances .....................................
(2,007,260)
(1,602,301)
Stockholders’ equity .................................................................. 1,423,477 1,100,800
$ 1
,
958
,
632 $ 1
,
555
,
045
See accompanying Notes to Consolidated Financial Statements.