Adobe 2009 Annual Report Download - page 76

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76
ADOBE SYSTEMS INCORPORATED
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value)
November 27,
November 28,
2009
2008
ASSETS
Current assets:
Cash and cash equivalents ..................................................
$
999,487
$
886,450
Short-term investments .....................................................
904,986
1,132,752
Trade receivables, net of allowances for doubtful accounts of $15,225 and $4,128,
respectively ............................................................
410,879
467,234
Deferred income taxes .....................................................
77,417
110,713
Prepaid expenses and other current assets ......................................
80,855
137,954
Total current assets ......................................................
2,473,624
2,735,103
Property and equipment, net ...................................................
388,132
313,037
Goodwill ..................................................................
3,494,589
2,134,730
Purchased and other intangibles, net ............................................
527,388
214,960
Investment in lease receivable .................................................
207,239
207,239
Other assets ................................................................
191,265
216,529
Total assets ............................................................
$
7,282,237
$
5,821,598
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade payables............................................................
$
58,904
$
55,840
Accrued expenses .........................................................
419,646
399,969
Accrued restructuring ......................................................
37,793
35,690
Income taxes payable ......................................................
46,634
27,136
Deferred revenue ..........................................................
281,576
243,964
Total current liabilities ...................................................
844,553
762,599
Long-term liabilities:
Debt ....................................................................
1,000,000
350,000
Deferred revenue ..........................................................
36,717
31,356
Accrued restructuring ......................................................
6,921
6,214
Income taxes payable ......................................................
223,528
123,182
Deferred income taxes .....................................................
252,486
117,328
Other liabilities ...........................................................
27,464
20,565
Total liabilities .........................................................
2,391,669
1,411,244
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;
522,657 and 526,111shares outstanding, respectively ..........................
61
61
Additional paid-in-capital ...................................................
2,390,061
2,396,819
Retained earnings .........................................................
5,299,914
4,913,406
Accumulated other comprehensive income ....................................
24,446
57,222
Treasury stock, at cost (78,177 and 74,723 shares, respectively), net of re-issuances ...
(2,823,914
)
(2,957,154
)
Total stockholders’ equity ................................................
4,890,568
4,410,354
Total liabilities and stockholders’ equity ....................................
$
7,282,237
$
5,821,598
See accompanying Notes to Consolidated Financial Statements.