Adobe 2007 Annual Report Download - page 65

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ADOBE SYSTEMS INCORPORATED
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
November 30, December 1,
2007 2006
ASSETS
Current assets:
Cash and cash equivalents................................................. $ 946,422 $ 772,500
Short-term investments................................................... 1,047,432 1,508,379
Trade receivables, net of allowances for doubtful accounts of $4,398 and $6,798,
respectively.......................................................... 318,145 356,815
Other receivables........................................................ 44,666 51,851
Deferred income taxes.................................................... 171,472 155,613
Prepaid expenses and other assets........................................... 44,840 39,311
Total current assets.................................................... 2,572,977 2,884,469
Property and equipment, net ................................................. 289,758 227,197
Goodwill ................................................................ 2,148,102 2,149,494
Purchased and other intangibles, net........................................... 402,619 506,405
Investment in lease receivable................................................ 207,239 126,800
Other assets.............................................................. 92,984 68,183
$ 5,713,679 $ 5,962,548
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade and other payables.................................................. $ 66,867 $ 55,031
Accrued expenses....................................................... 383,436 303,550
Accrued restructuring.................................................... 3,731 10,088
Income taxes payable .................................................... 215,058 178,368
Deferred revenue........................................................ 183,318 130,310
Total current liabilities ................................................. 852,410 677,347
Long-term liabilities:
Deferred revenue........................................................ 25,950 32,644
Deferred income taxes.................................................... 148,943 70,715
Accrued restructuring.................................................... 13,987 21,984
Other liabilities......................................................... 22,407 7,982
Total liabilities ....................................................... 1,063,697 810,672
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; 600,834 shares issued;
571,409 and 587,226 shares outstanding, respectively ......................... 61 61
Additional paid-in-capital................................................. 2,340,969 2,451,610
Retained earnings ....................................................... 4,041,592 3,317,785
Accumulated other comprehensive income.................................... 27,948 6,344
Treasury stock, at cost (29,425 and 13,608 shares, respectively), net of re-issuances.... (1,760,588 ) (623,924)
Total stockholders’ equity............................................... 4,649,982 5,151,876
$ 5,713,679 $ 5,962,548
See accompanying Notes to Consolidated Financial Statements.