Adobe 2002 Annual Report Download - page 102
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71
ADOBE SYSTEMS INCORPORATED
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
November 29,
2002
November 30,
2001
ASSETS
Current assets:
Cash and cash equivalents.................................................................................... $ 183,684 $ 218,66
2
Short-term investments ........................................................................................ 434,053 362,951
Trade receivables, net of allowances for doubtful accounts of $7,531 and
$8,549, respectively .......................................................................................... 116,506 125,656
Other receivables ................................................................................................. 30,367 18,299
Deferred income taxes.......................................................................................... 31,530 22,726
Other current assets .............................................................................................. 18,032 20,620
Total current assets ........................................................................................... 814,172 768,914
Property and equipment, net .................................................................................... 71,090 77,611
Goodwill and other intangible assets, net ................................................................ 99,772 36,402
Other assets.............................................................................................................. 42,126 37,652
Deferred income taxes, long-term ........................................................................... 24,450 11,594
$ 1,051,610 $ 932,17
3
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade and other payables...................................................................................... $ 37,765 $ 30,891
Accrued expenses................................................................................................. 135,028 130,381
Income taxes payable ........................................................................................... 173,311 132,228
Deferred revenue.................................................................................................. 31,185 21,701
Total current liabilities...................................................................................... 377,289 315,201
Commitments and contingencies.............................................................................
—
—
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 2002 and 2001...................................................................... 29,576 29,576
Additional paid-in capital..................................................................................... 710,273 595,810
Retained earnings................................................................................................. 1,545,776 1,366,205
Accumulated other comprehensive income (loss)................................................ (3,950) 3,918
Treasury stock, at cost (63,809 and 59,745 shares in 2002 and 2001,
respectively), net of reissuances ....................................................................... (1,607,354) (1,378,537)
Total stockholders’ equity ................................................................................ 674,321 616,972
$ 1,051,610 $ 932,173
See accompanying Notes to Consolidated Financial Statements.