Adobe 2000 Annual Report Download - page 51

Download and view the complete annual report

Please find page 51 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

Consolidated Statements of Stockholders’ Equity and Other Comprehensive Income (In thousands)
See accompanying Notes to Consolidated Financial Statements. (continued)
ACCUMULATED
COMMON STOCK AND OTHER
ADDITIONAL PAID-IN CAPITAL RETAINED COMPREHENSIVE COMPREHENSIVE TREASURY STOCK
SHARES AMOUNT EARNINGS INCOME INCOME SHARES AMOUNT TOTAL
Balances as of November 28, 1997 295,764 $ 291,281 $ 663,861 — $ (1,030) (20,704) $ (238,688) $ 715,424
Comprehensive income:
Net income — — 105,144 $ 105,144 — — — 105,144
Other comprehensive income, net of tax:
Net unrealized loss 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 loss — — — (849) — — — —
Comprehensive income, net of tax — — — $ 104,295 — — — —
Tax benefi t 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 — — — — — (42,052) (379,203) (379,203)
Reissuance of treasury stock
under employee stock and stock option plans — — (23,313) — — 10,556 94,248 70,935
Proceeds from sale of put warrants — 2,768 — — — — — 2,768
Balances as of November 27, 1998 295,764 306,859 732,730 — (1,879) (52,200) (521,345) 516,365
Comprehensive income:
Net income — — 237,751 $ 237,751 — — — 237,751
Other comprehensive income, net of tax:
Net unrealized gain on investments, net of taxes of $26,698 — — — 42,808 42,808 — — 42,808
Foreign currency translation adjustments — — — (597) (597) — — (597)
Other comprehensive income — — — 42,211 — — — —
Comprehensive income, net of tax — — — $ 279,962 — — — —
Tax benefi t from employee stock option plans — 58,478 — — — — — 58,478
Stock compensation expense — 2,742 — — — — 2,530 5,272
Dividends declared — — (12,623) — — — — (12,623)
Purchase of treasury stock — — — — — (26,212) (479,161) (479,161)
Reissuance of treasury stock
under employee stock and stock option plans — __ (61,619) — — 19,726 204,557 142,938
Proceeds from sale of put warrants — 978 — — — — — 978
Balances as of December 3, 1999 295,764 $ 369,057 $ 896,239 — $ 40,332 (58,686) $ (793,419) $ 512,209