Adobe 2003 Annual Report Download - page 30

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30
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data (presented in thousands, except per share amounts and
employee data) are derived from Adobe’s consolidated financial statements. This data should be read in conjunction
with the consolidated financial statements and notes thereto, and with Item 7, Management’s Discussion and
Analysis of Financial Condition and Results of Operations. All share and per share amounts referred to in the table
below have been adjusted to reflect the two-for-one stock splits in the form of stock dividends effected October 24,
2000 and October 26, 1999.
Years Ended
Nov. 28,
2003
Nov. 29,
2002
Nov. 30,
2001
Dec. 1,
2000
Dec. 3,
1999
Operations:
Revenue ................................................................
.
$ 1,294,749 $ 1,164,788 $ 1,229,720 $ 1,266,378 $ 1,015,434
Gross profit ...........................................................
.
1,201,727 1,060,500 1,148,269 1,179,123 920,894
Income before income taxes..................................
380,492 284,689 306,931 443,739 374,427
Net income(*).........................................................
.
266,344 191,399 205,644 287,808 237,751
Net income per share(*)
Basic..................................................................
1.14 0.81 0.86 1.21 0.98
Diluted...............................................................
.
1.10 0.79 0.83 1.13 0.92
Cash dividends declared per common share .........
.
0.05 0.05 0.05 0.05 0.05
Financial position:
Cash, cash equivalents and short-term
investments .......................................................
.
1,096,533 617,737 581,613 679,853 498,716
Working capital.....................................................
.
892,498 436,883 453,713 563,307 355,386
Total assets............................................................
.
1,555,045 1,051,610 932,173 1,069,416 803,859
Stockholders’ equity .............................................
.
1,100,800 674,321 616,972 752,544 512,209
Additional data:
Worldwide employees...........................................
.
3,515 3,319 3,043 2,947 2,745
(*) In 2003, includes investment loss of $12.9 million and reversal of restructuring and other charges of $0.5 million. In 2002, includes
investment loss of $17.2 million, restructuring and other charges of $12.1 million, acquired in-process research and development of $5.8 million,
and amortization and impairment of goodwill and purchased and other intangibles of $21.0 million. In 2001, includes investment loss of $93.4
million, restructuring and other charges of $12.1 million, and amortization of goodwill and purchased and other intangibles of $14.3 million. For
further information regarding our acquisitions and restructuring charges, refer to Notes 2 and 8, respectively, in our Notes to Consolidated
Financial Statements. In 2000, includes investment gains of $14.3 million, one-time gains from the sale of assets of $2.7 million, restructuring
and other charges of $5.6 million, in-process research and development of $0.5 million, and amortization of goodwill and purchased and other
intangibles of $7.0 million. In 1999, includes investment gains of $88.9 million, one-time gains from the sale of assets of $5.7 million,
restructuring and other charges of $23.0 million, acquired in-process research and development of $3.6 million, and amortization of goodwill and
purchased and other intangibles of $4.8 million.