Adobe 1999 Annual Report Download - page 49

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ADOBE SYSTEMS INCORPORATED
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
AND OTHER COMPREHENSIVE INCOME
(In thousands)
Common Stock Accumulated
and Additional Other
Paid-in Capital Treasury Stock
Retained Comprehensive Comprehensive
Shares Amount Earnings Income Income Shares Amount Total
Balances as of November 29, 1996 ......... 142,952 $148,602 $529,546 — $ 28,366 —
48
$ — $ 706,514
Comprehensive income:
Net income ...................... — — 186,837 $186,837 — — — 186,837
Other comprehensive income, net of tax:
Unrealized gains on investments ......... — — — 7,416 — — — —
Reclassification adjustments on unrealized
gains on investments ............... — — — (37,340) — — — —
Net unrealized gains (losses) on investments,
net of taxes of ($17,499) ............ — — (29,924) (29,924) — — (29,924)
Foreign currency translation adjustments .... — — — 528 528 — — 528
Other comprehensive income (loss) ....... — — — (29,396) — — — —
Comprehensive income, net of tax ......... — — — $157,441 — — — —
Stock issued under employee stock and stock
option plans ...................... 7,262 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 ............ (2,332) (36,956) — — — (10,352) (238,688) (275,644)
Proceeds from sale of put warrants ......... — 6,356 — — — — — 6,356
Reclassification of put warrant obligations .... — 71,348 — — — — — 71,348
Balances as of November 28, 1997 ......... 147,882 291,281 663,861 — (1,030) (10,352) (238,688) 715,424
Comprehensive income:
Net income ...................... — — 105,144 $105,144 — — — 105,144
Other comprehensive income, net of tax:
Unrealized gains on investments ......... — — — (2,767) — — —
Reclassification adjustments on unrealized
gains on investments ............... — — — — — — — —
Net unrealized gains (losses) on investments,
net of taxes of ($1,867) ............. — — — (2,767) (2,767) — — (2,767)
Foreign currency translation adjustments .... — — — 1,918 1,918 — — 1,918
Other comprehensive income (loss) ....... — — — (849) — — — —
Comprehensive income, net of tax ......... — — — $104,295 — — — —
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 .............. — — — — — (21,026) (379,203) (379,203)
Reissuance of treasury stock under employee
stock and stock option plans ........... — — (23,313) — — 5,278 94,248 70,935
Proceeds from sale of put warrants ......... — 2,768 — — — — — 2,768
Balances as of November 27, 1998 ......... 147,882 $306,859 $732,730 — $ (1,879) (26,100) $(521,345) $ 516,365
(Continued)
See accompanying Notes to Consolidated Financial Statements.