Adobe 2000 Annual Report Download - page 54

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27
26
Consolidated Statements of Cash Flows (Continued) (In thousands)
See accompanying Notes to Consolidated Financial Statements.
DECEMBER 1 DECEMBER 3 NOVEMBER 27
YEARS ENDED 2000 1999 1998
Cash fl ows from fi nancing activities:
Purchase of treasury stock (255,456) (479,161) (379,203)
Proceeds from reissuance of treasury stock 119,135 142,938 70,935
Proceeds from sale of put warrants — 978 2,768
Payment of dividends (11,979) (12,233) (16,291)
Net cash used for fi nancing activities (148,300) (347,478) (321,791)
Effect of foreign currency exchange rates on cash and cash equivalents (2,545) (597) 1,918
Net increase (decrease) in cash and cash equivalents 65,721 60,274 (156,705)
Cash and cash equivalents at beginning of year 171,145 110,871 267,576
Cash and cash equivalents at end of year $ 236,866 $ 171,145 $ 110,871
Supplemental disclosures:
Cash paid during the year for income taxes $ 13,195 $ 68,770 $ 22,471
Noncash investing and fi nancing activities:
Cash dividends declared but not paid $ 3,016 $ 3,452 $ 3,062
Dividends in-kind distributed $ — $ — $ 7,197
Unrealized gains (losses) on available-for-sale securities, net of taxes $ (38,485) $ 42,808 $ (2,767)
Reclassifi cations related to the reissuance of treasury stock $ 25,926 $ 58,877 $ 23,313