Adobe 2000 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2000 Adobe annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 79

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79

Financial Highlights (In thousands, except per share amounts and employee data)
All share and per share amounts referred to in the above table have been adjusted to refl ect the two-for-one stock split in the form of a stock dividend effected October 24, 2000.
(1) In 2000, includes investment gains of $14.3 million, one-time gains from the sale of assets of $2.7 million, restructuring and other charges of $5.6 million, in-process research and development of $0.5 million, and amortization of goodwill and purchased intangibles of
$7.0 million. In 1999, includes investment gains of $88.9 million, one-time gains from the sale of assets of $5.7 million, restructuring and other charges of $23.0 million, acquired in-process research and development of $3.6 million, and amortization of goodwill and
purchased intangibles of $4.8 million. In 1998, includes investment gains of $15.0 million, restructuring and other charges of $38.2 million, and amortization of goodwill and purchased intangibles of $7.7 million. In 1997, includes investment gains of $34.3 million,
other nonrecurring gains of $0.6 million, acquired in-process research and development of $6.0 million, and amortization of goodwill and purchased intangibles of $2.6 million. In 1996, includes investment gains of $68.9 million, acquired in-process research and
development of $21.3 million, restructuring charges related to divested products of $5.0 million, and amortization of goodwill and purchased intangibles of $2.4 million.
DECEMBER 1 DECEMBER 3 NOVEMBER 27 NOVEMBER 28 NOVEMBER 29
YEARS ENDED 2000 1999 1998 1997 1996
Operations:
Revenue $ 1,266,378 $ 1,015,434 $ 894,791 $ 911,894 $ 786,563
Income before income taxes 443,739 374,427 167,694 296,090 244,824
Net income(1) 287,808 237,751 105,144 186,837 153,277
Net income per share(1)
Basic 1.21 0.98 0.40 0.65 0.53
Diluted 1.13 0.92 0.39 0.63 0.51
Cash dividends declared per common share 0.05 0.05 0.05 0.05 0.05
Financial position:
Cash and short-term investments 679,853 498,716 272,547 502,956 564,116
Working capital 563,307 355,386 204,979 454,299 506,092
Total assets 1,069,416 803,859 767,331 940,071 1,001,393
Stockholders’ equity 752,544 512,209 516,365 715,424 706,514
Additional data:
Worldwide employees 2,947 2,745 2,664 2,654 2,222