Adobe 2012 Annual Report Download - page 79

79
ADOBE SYSTEMS INCORPORATED
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value)
November 30,
2012 December 2, 2011
ASSETS
Current assets:
Cash and cash equivalents.................................................................................................................... $ 1,425,052 $ 989,500
Short-term investments ........................................................................................................................ 2,113,301 1,922,192
Trade receivables, net of allowances for doubtful accounts of $12,643 and $15,080, respectively... 617,233 634,373
Deferred income taxes.......................................................................................................................... 59,537 91,963
Prepaid expenses and other current assets ........................................................................................... 116,237 133,423
Total current assets.......................................................................................................................... 4,331,360 3,771,451
Property and equipment, net................................................................................................................... 664,302 527,828
Goodwill ................................................................................................................................................. 4,133,259 3,849,217
Purchased and other intangibles, net....................................................................................................... 545,036 545,526
Investment in lease receivable................................................................................................................ 207,239 207,239
Other assets............................................................................................................................................. 93,327 89,922
Total assets...................................................................................................................................... $ 9,974,523 $ 8,991,183
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade payables...................................................................................................................................... $ 49,759 $ 86,660
Accrued expenses................................................................................................................................. 590,140 554,941
Capital lease obligations ...................................................................................................................... 11,217 9,212
Accrued restructuring........................................................................................................................... 9,287 80,930
Income taxes payable........................................................................................................................... 49,886 42,634
Deferred revenue.................................................................................................................................. 561,463 476,402
Total current liabilities.................................................................................................................... 1,271,752 1,250,779
Long-term liabilities:
Debt and capital lease obligations........................................................................................................ 1,496,938 1,505,096
Deferred revenue.................................................................................................................................. 58,102 55,303
Accrued restructuring........................................................................................................................... 12,263 7,449
Income taxes payable........................................................................................................................... 155,096 156,958
Deferred income taxes.......................................................................................................................... 265,106 181,602
Other liabilities..................................................................................................................................... 50,084 50,883
Total liabilities................................................................................................................................ 3,309,341 3,208,070
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;
494,132 and 491,540 shares outstanding, respectively................................................................... 61 61
Additional paid-in-capital .................................................................................................................... 3,038,665 2,753,896
Retained earnings................................................................................................................................. 7,003,003 6,528,735
Accumulated other comprehensive income ......................................................................................... 30,712 29,950
Treasury stock, at cost (106,702 and 109,294 shares, respectively), net of reissuances...................... (3,407,259) (3,529,529)
Total stockholders’ equity............................................................................................................... 6,665,182 5,783,113
Total liabilities and stockholders’ equity........................................................................................ $ 9,974,523 $ 8,991,183
See accompanying Notes to Consolidated Financial Statements.
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