Adobe 1998 Annual Report Download - page 43

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ADOBE SYSTEMS INCORPORATED
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In thousands)
Common Stock Unrealized
and Additional Gains on Cumulative
Paid in Capital Treasury Stock
Retained Investments, Translation
Shares Amount Earnings Net Adjustment Shares Amount Total
Balances as of December 1, 1995 . . 72,834 $ 293,258 $390,793 $ 18,831 $(4,465) — $ — $ 698,417
Stock issued under employee stock
and stock option plans ........ 2,032 39,870 — — — — — 39,870
Tax benefit from employee stock
option plans ............... — 10,828 — — — — — 10,828
Stock compensation expense ..... — 2,772 — — — — — 2,772
Dividends declared ............ — — (14,524) — — — — (14,524)
Repurchase of common stock .... (3,390) (126,778) — — — — — (126,778)
Put warrant obligations ......... — (71,348) — — — — — (71,348)
Adjustment to unrealized gains on
investments, net ............ — — — 14,683 — — — 14,683
Cumulative translation adjustment . — — — — (683) — — (683)
Net income ................. — — 153,277 — — — — 153,277
Balances as of November 29, 1996 . 71,476 148,602 529,546 33,514 (5,148) — — 706,514
Stock issued under employee stock
and stock option plans ........ 3,631 70,995 — — — — — 70,995
Tax benefit from employee stock
option plans ............... — 29,607 — — — — — 29,607
Stock compensation expense ..... — 1,329 — — — — — 1,329
Dividends declared ............ — — (52,522) — — — — (52,522)
Repurchase of common stock .... (1,166) (36,956) — — — (5,176) (238,688) (275,644)
Proceeds from sale of put warrants . — 6,356 — — — — — 6,356
Reclassification of put warrant
obligations ................ — 71,348 — — — — — 71,348
Adjustment to unrealized gains on
investments, net ............ — — — (29,924) — — — (29,924)
Cumulative translation adjustment . — — — — 528 — — 528
Net income ................. — — 186,837 — — — — 186,837
Balances as of November 28, 1997 . 73,941 291,281 663,861 3,590 (4,620) (5,176) (238,688) 715,424
Tax benefit from employee stock
option plans ............... — 12,595 — — — — — 12,595
Stock compensation expense ..... — 215 — — — — 2,298 2,513
Dividends declared ............ — — (12,962) — — — — (12,962)
Purchase of treasury stock ....... — — — — — (10,513) (379,203) (379,203)
Reissuance of treasury stock under
employee stock and stock option
plans .................... — — (23,313) — — 2,639 94,248 70,935
Proceeds from sale of put warrants . — 2,768 — — — — 2,768
Adjustment to unrealized gains on
investments, net ............ — — — (2,767) — — — (2,767)
Cumulative translation adjustment . — — — — 1,918 — — 1,918
Net income ................. — — 105,144 — — — — 105,144
Balances as of November 27, 1998 . 73,941 $ 306,859 $732,730 $ 823 $(2,702) (13,050) $(521,345) $ 516,365
See accompanying Notes to Consolidated Financial Statements.
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