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See accompanying Notes to Consolidated Financial Statements.
67
ADOBE SYSTEMS INCORPORATED
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
(In thousands)
Common Stock
Additional
Paid-In Retained
Accumulated
Other
Comprehensive Treasury Stock
Shares Amount Capital Earnings Income/(Loss) Shares Amount Total
Balances at December 3, 2004 . . . ....
591,528 $ 30 $ 1,194,189 $ 2,238,807 $ (2,289) (107,154) $ (2,007,260 ) $ 1,423,477
Comprehensive income:
Net income..................
— — — 602,839 — — — 602,839
Other comprehensive income, net
of taxes...................
— — — — 1,375 — — 1,375
Total comprehensive income, net of
taxes.......................
604,214
Tax benefit from employee stock option
plans.......................
— — 82,852 — — — — 82,852
Issuance of compensatory stock......
— — 189 — — 16 202 391
Dividends declared...............
— — — (3,056) — — — (3,056)
Purchase of treasury stock..........
— — — — — (18,715) (600,099 ) (600,099)
Re-issuance of treasury stock under
employee stock purchase and
stock option plans..............
— — 73,462 — — 23,054 283,085 356,547
Stock dividend..................
— 30 — (30) — — — —
Balances at December 2, 2005 . . . ....
591,528 $ 60 $ 1,350,692 $ 2,838,560 $ (914) (102,799) $ (2,324,072 ) $ 1,864,326
Cumulative effect of adjustments
from the adoption of SAB No. 108, net
of taxes..................... — — 27,422 (26,584) — — — 838
Adjusted balances as of December 2,
2005....................... 591,528 $ 60 $ 1,378,114 $ 2,811,976 $ (914) (102,799) (2,324,072 ) 1,865,164
Comprehensive income:
Net income....................
— — — 505,809 — — — 505,809
Other comprehensive income, net of
taxes....................... — — — — 7,258 — — 7,258
Total comprehensive income, net of
taxes....................... — — — — — — — 513,067
Issuance of common stock and re-
issuance of treasury stock under stock
compensation plans............. 3,058 — (385,618) — — 24,972 895,430 509,812
Tax benefit from employee stock option
plans....................... — — 143,118 — — — — 143,118
Purchase of treasury stock..........
— — — — — (38,576) (1,364,412 ) (1,364,412)
Stock-based compensation .........
— — 170,534 — — — — 170,534
Issuance of common stock, re-
issuance of treasury stock and
stock options assumed for acquisition 6,248 1 1,145,462 — — 102,795 2,169,130 3,314,593
Balances at December 1, 2006 . .... 600,834 $ 61 $ 2,451,610 $ 3,317,785 $ 6,344 (13,608) $ (623,924 ) $ 5,151,876
Comprehensive income:
Net income....................
— — — 723,807 — — — 723,807
Other comprehensive income, net of
taxes....................... — — — — 21,604 — — 21,604
Total comprehensive income, net of
taxes.......................
— — — — — — — 745,411
Re-issuance of treasury stock under stock
compensation plans.............
— — (298,776) — — 23,918 814,863 516,087
Tax benefit from employee stock option
plans....................... — — 66,966 — — — — 66,966
Purchase of treasury stock..........
— — — — — (39,735) (1,951,527 ) (1,951,527)
Stock-based compensation .........
— — 149,987 — — — — 149,987
Adjustment to the valuation of
Macromedia assumed options...... — — (28,818) — — — — (28,818)
Balances at November 30, 2007.... 600,834 $ 61 $ 2,340,969 $4,041,592 $27,948 (29,425) $ (1,760,588 ) $ 4,649,982