Adobe 1999 Annual Report Download - page 37

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Item 8. Financial Statements and Supplementary Data
FINANCIAL STATEMENTS
Our financial statements required by this item are submitted as a separate section of this Form 10-K.
See Item 14.(a)1 for a listing of financial statements provided in the section titled ‘‘FINANCIAL
STATEMENTS’’.
SUPPLEMENTARY DATA
The following tables (presented in thousands, except per share amounts) set forth quarterly supplementary
data for each of the years in the two-year period ended December 3, 1999. All share and per share amounts
referred to in the table below have been adjusted to reflect the two-for-one stock split in the form of a stock
dividend of our common stock effected October 26, 1999.
1999
Quarter Ended Year Ended
Mar. 5 June 4 Sep. 3 Dec. 3 Dec. 3
Revenue ........................... $226,902 $245,886 $260,876 $281,770 $1,015,434
Gross profit ......................... 204,403 222,182 236,609 257,700 920,894
Income before income taxes ............. 60,319 70,788 90,028 153,292 374,427
Net income ......................... 38,276 44,961 57,155 97,359 237,751
Basic net income per share ............. 0.31 0.37 0.47 0.82 1.97
Shares used in computing basic net income
per share ......................... 121,946 121,144 121,896 119,170 120,786
Diluted net income per share ............ 0.30 0.35 0.44 0.76 1.84
Shares used in computing diluted net income
per share ......................... 126,768 128,100 129,658 127,406 129,205
1998
Quarter Ended Year Ended
Feb. 27 May 29 Aug. 28 Nov. 27 Nov. 27
Revenue ........................... $197,813 $227,310 $222,932 $246,736 $894,791
Gross profit ......................... 170,008 201,742 199,563 222,444 793,757
Income before income taxes ............. 42,635 44,645 242 80,172 167,694
Net income ......................... 26,744 27,980 152 50,268 105,144
Basic net income per share ............. 0.20 0.21 — 0.40 0.79
Shares used in computing basic net income
per share ......................... 135,524 133,470 134,556 126,230 132,866
Diluted net income per share ............ 0.19 0.20 — 0.39 0.77
Shares used in computing diluted net income
per share ......................... 139,170 137,980 136,824 128,414 135,948
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
There were no disagreements on any matter of accounting principles, financial statement disclosure,
or auditing scope or procedure to be reported under this item.
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