Adobe 2001 Annual Report Download - page 60

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ADOBE SYSTEMS INCORPORATED
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
November 30, December 1,
2001 2000
ASSETS
Current assets:
Cash and cash equivalents ................................... $ 218,662 $ 236,866
Short-term investments ...................................... 362,951 442,987
Trade receivables, net of allowances for doubtful accounts of $10,099 and
$8,788, respectively ....................................... 124,106 140,514
Other receivables .......................................... 18,299 19,599
Deferred income taxes ...................................... 22,726 23,460
Other current assets ........................................ 20,620 14,486
Total current assets ....................................... 767,364 877,912
Property and equipment, net ................................... 80,993 64,268
Other assets ............................................... 70,672 127,236
Deferred income taxes, long-term ................................ 11,594 —
$ 930,623 $1,069,416
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade and other payables .................................... $ 30,891 $ 40,280
Accrued expenses .......................................... 119,258 181,861
Accrued restructuring charges ................................. 9,573 —
Income taxes payable ....................................... 132,228 74,768
Deferred revenue .......................................... 21,701 17,696
Total current liabilities .................................... 313,651 314,605
Deferred income taxes ........................................ — 2,267
Stockholders’ equity:
Preferred stock, $0.0001 par value; 2,000 shares authorized; none issued . . — —
Common stock, $0.0001 par value; Authorized: 900,000 shares; Issued:
295,764 shares in 2001 and 2000; and additional paid-in capital ....... 625,386 530,801
Retained earnings ......................................... 1,366,205 1,172,504
Accumulated other comprehensive income (loss) ................... 3,918 (698)
Treasury stock, at cost (59,745 and 54,818 shares in 2001 and 2000,
respectively), net of reissuances .............................. (1,378,537) (950,063)
Total stockholders’ equity .................................. 616,972 752,544
$ 930,623 $1,069,416
See accompanying Notes to Consolidated Financial Statements.
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