Adobe 2001 Annual Report Download - page 65

Download and view the complete annual report

Please find page 65 of the 2001 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 105

  • 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
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105

ADOBE SYSTEMS INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
(In thousands)
Years Ended
November 30, December 1, December 3,
2001 2000 1999
Cash flows from financing activities:
Purchase of treasury stock ............................... (485,115) (255,456) (479,161)
Proceeds from reissuance of treasury stock ................... 87,536 119,135 142,938
Proceeds from sale of put warrants ........................ — — 978
Payment of dividends .................................. (12,007) (11,979) (12,233)
Net cash used for financing activities ......................... (409,586) (148,300) (347,478)
Effect of foreign currency exchange rates on cash and cash
equivalents .......................................... (895) (2,545) (597)
Net increase (decrease) in cash and cash equivalents ............. (18,204) 65,721 60,274
Cash and cash equivalents at beginning of year ................. 236,866 171,145 110,871
Cash and cash equivalents at end of year ..................... $218,662 $ 236,866 $ 171,145
Supplemental disclosures:
Cash paid during the year for income taxes .................. $ 16,862 $ 13,195 $ 68,770
Noncash investing and financing activities:
Cash dividends declared but not paid ..................... $ 2,952 $ 3,016 $ 3,452
Unrealized gains (losses) on available-for-sale securities, net of
taxes ........................................... $ 2,928 $ (38,485) $ 42,808
See accompanying Notes to Consolidated Financial Statements.
65