Adobe 2004 Annual Report Download - page 94

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94
Our results for fiscal years 2004, 2003 and 2002 are reported by operating segments below:
Digital
Imaging and
Video
Creative
Professional
Intelligent
Documents
OEM
PostScript
and Other
Total
Fiscal 2004
Revenue............................................. $ 430,177 $ 613,062 $ 541,804 $ 81,538 $ 1,666,581
Cost of revenue.................................. 40,149 21,125 38,077 5,027 104,378
Gross profit........................................ $ 390,028 $ 591,937 $ 503,727 $ 76,511 $ 1,562,203
Gross profit as a percentage of
revenues ............................................ 91% 97% 93%
94%
94%
Fiscal 2003
Revenue............................................. $ 392,442 $ 368,549 $ 444,056 $ 89,702 $ 1,294,749
Cost of revenue.................................. 33,501 20,818 33,501 5,202 93,022
Gross profit........................................ $ 358,941 $ 347,731 $ 410,555 $ 84,500 $ 1,201,727
Gross profit as a percentage of
revenues ............................................ 92% 94% 92%
94%
93%
Fiscal 2002
Revenue ............................................. $ 411,929 $ 351,268 $ 312,544 $ 89,047 $ 1,164,788
Cost of revenue.................................. 30,073 43,761 24,682 5,772 104,288
Gross profit........................................ $ 381,856 $ 307,507 $ 287,862 $ 83,275 $ 1,060,500
Gross profit as a percentage of
revenues ............................................
93%
88% 92%
94%
91%
A reconciliation of the totals reported for the operating segments to the applicable line items in the
consolidated financial statements for fiscal 2004, 2003 and 2002 is as follows:
2004 2003 2002
Total gross profit from operating segments above .........
.
$ 1,562,203 $ 1,201,727 $ 1,060,500
Total operating expenses *..............................................
.
970,409 822,280 773,473
Total operating income ..................................................
.
591,794 379,447 287,027
Non-operating income (loss)..........................................
.
16,851 1,045 (2,338)
Income before income taxes...........................................
.
$ 608,645 $ 380,492 $ 284,689
*Total operating expenses include research and development, sales and marketing and general and administrative.
For fiscal 2003, operating expenses also included restructuring and other charges. For fiscal 2002, operating
expenses also included restructuring and other charges, acquired in-process research and development and
amortization and impairment of goodwill.
For fiscal 2004, 2003 and 2002, our revenues and property and equipment, net of accumulated
depreciation, are presented below by geographic area.
Revenue 2004 2003 2002
Americas:
United States.....................................
.
$ 706,064 $ 588,631 $ 541,578
Other.................................................
.
64,500 51,551 42,176
Total Americas.............................
.
770,564 640,182 583,754
EMEA ...................................................
.
541,528 370,181 317,638
Asia:
Japan.................................................
.
262,685 212,505 195,457
Other.................................................
.
91,804 71,881 67,939
Total Asia .........................................
.
354,489 284,386 263,396
Total revenue ........................................
.
$ 1,666,581 $ 1,294,749 $ 1,164,788