Adobe 2006 Annual Report Download - page 110
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110
Our results for fiscal years 2006, 2005, and 2004 are reported by operating units below:
Creative
Solutions
Knowledge
Worker
Solutions
Enterprise
and
Developer
Solutions
Mobile and
Device
Solutions
Other*
Total
Fiscal 2006
Revenue .......................................... $ 1,424,851 $ 670,945 $ 189,272 $ 37,771 $ 252,461 $ 2,575,300
Cost of revenue .............................. 135,149 36,997 68,088 22,268 29,955 292,457
Gross profit..................................... $ 1,289,702 $ 633,948 $ 121,184 $ 15,503 $ 222,506 $ 2,282,843
Gross profit as a percentage of
revenues ......................................
91%
94%
64%
41%
88%
89%
Fiscal 2005
Revenue .......................................... $ 1,128,339 $ 593,520 $ 113,002 $ — $ 131,460 $ 1,966,321
Cost of revenue .............................. 55,321 22,192 24,161 — 10,904 112,578
Gross profit..................................... $ 1,073,018 $ 571,328 $ 88,841 $ — $ 120,556 $ 1,853,743
Gross profit as a percentage of
revenues ......................................
95%
96%
79%
—
92%
94%
Fiscal 2004
Revenue .......................................... $ 987,781 $ 439,404 $ 102,495 $ — $ 136,901 $ 1,666,581
Cost of revenue .............................. 56,690 19,664 18,658 — 9,366 104,378
Gross profit..................................... $ 931,091 $ 419,740 $ 83,837 $ — $ 127,535 $ 1,562,203
Gross profit as a percentage of
revenues ......................................
94%
96%
82%
—
93%
94%
* Other segments revenue includes platform revenue of $37.2 million and $0.4 million for fiscal 2006 and 2005, respectively. We did
not have platform revenue in fiscal 2004. Costs of revenue related to our platform segment are insignificant for each period. Gross
margins for our platform segment are $37.2 million and $0.4 million for fiscal 2006 and 2005, or 1% and 0% of total revenues,
respectively.
A reconciliation of the totals reported for the operating units to the applicable line items in the
consolidated financial statements for fiscal 2006, 2005, and 2004 is as follows:
2006 2005 2004
Total gross profit from operating units above ................
.
$ 2,282,843 $ 1,853,743 $ 1,562,203
Total operating expenses *..............................................
.
1,731,550 1,125,309 970,409
Total operating income ..................................................
.
551,293 728,434 591,494
Non-operating income....................................................
.
128,434 37,342 16,851
Income before income taxes...........................................
.
$ 679,727 $ 765,776 $ 608,645
*Total operating expenses include research and development, sales and marketing and general and administrative.
For fiscal 2006, operating expenses also included restructuring and other charges and the amortization of
purchased intangibles and incomplete technology.