Adobe 2000 Annual Report Download - page 49

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Consolidated Balance Sheets (In thousands, except per share data)
See accompanying Notes to Consolidated Financial Statements.
DECEMBER 1 DECEMBER 3
2000 1999
ASSETS
Current assets
Cash and cash equivalents $ 236,866 $ 171,145
Short-term investments 442,987 327,571
Trade receivables, net of allowances for doubtful accounts of $8,788 and $5,170, respectively 140,514 68,371
Other receivables 19,599 10,395
Deferred income taxes 23,460 36,185
Other current assets 14,486 9,348
Total current assets 877,912 623,015
Property and equipment, net 64,268 69,138
Other assets 127,236 111,706
$ 1,069,416 $ 803,859
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Trade and other payables $ 40,280 $ 35,692
Accrued expenses 181,861 150,902
Accrued restructuring charges — 8,675
Income taxes payable 74,768 56,684
Deferred revenue 17,696 15,676
Total current liabilities 314,605 267,629
Deferred income taxes 2,267 24,021
Stockholders’ equity
Preferred stock, $0.0001 par value; 2,000 shares authorized; none issued — —
Common stock, $0.0001 par value; Authorized: 500,000 shares; Issued: 295,764 shares in 2000 and 1999; and additional paid-in capital 530,801 369,057
Retained earnings 1,172,504 896,239
Accumulated other comprehensive income (698) 40,332
Treasury stock, at cost (54,818 and 58,686 shares in 2000 and 1999, respectively), net of reissuances (950,063) (793,419)
Total stockholders’ equity 752,544 512,209
$ 1,069,416 $ 803,859