Adobe 2012 Annual Report Download - page 112

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112
NOTE 13. STOCKHOLDERS’ EQUITY
Comprehensive Income
The following table sets forth the activity for each component of comprehensive income, net of related taxes, for fiscal
2012, 2011 and 2010 (in thousands):
2012 2011 2010
Increase/(Decrease)
Net income................................................................................................................ $ 832,775 $ 832,847 $ 774,680
Other comprehensive income:
Available-for-sale securities:
Unrealized gains / losses on available-for-sale securities ................................. 11,297 (1,795)(1,211)
Reclassification adjustment for gains on available-for-sale
securities recognized during the period......................................................... (2,874)(1,834)(2,959)
Subtotal available-for-sale securities....................................................... 8,423 (3,629)(4,170)
Derivatives designated as hedging instruments:
Unrealized gains / losses on derivative instruments.......................................... 23,922 16,952 20,325
Reclassification adjustment for gains on derivative
instruments recognized during the period ..................................................... (30,672)(3,749)(20,169)
Subtotal derivatives designated as hedging
instruments.......................................................................................... (6,750) 13,203 156
Foreign currency translation adjustments .............................................................. (911) 2,948 (3,004)
Other comprehensive income ................................................................................... 762 12,522 (7,018)
Total comprehensive income, net of taxes................................................................ $ 833,537 $ 845,369 $ 767,662
The following table sets forth the taxes related to each component of OCI for fiscal 2012, 2011 and 2010 (in thousands):
2012 2011 2010
Available-for-sale securities..................................................................................... $ 13 $ 700 $ 495
Foreign currency translation adjustments................................................................. $ 1,169 $ 2,483 $ 275
Taxes related to derivative instruments were zero for all fiscal years based on the tax jurisdiction where the derivative
instruments were executed.
The following table sets forth the components of accumulated other comprehensive income, net of related taxes, for fiscal
2012 and 2011 (in thousands):
2012 2011
Net unrealized gains on available-for-sale securities:
Unrealized gains on available-for-sale securities................................................................. $ 14,698 $ 10,810
Unrealized losses on available-for-sale securities................................................................ (259)(4,794)
Total net unrealized gains on available-for-sale securities.............................................. 14,439 6,016
Net unrealized gains on derivative instruments designated as hedging instruments.............. 6,604 13,354
Cumulative foreign currency translation adjustments............................................................ 9,669 10,580
Total accumulated other comprehensive income, net of taxes............................................... $ 30,712 29,950
Table of Contents
ADOBE SYSTEMS INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)