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ADOBE SYSTEMS INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
89
In addition to the acquisition of Omniture, we acquired one other company during fiscal 2009 for cash consideration of
approximately $35.3 million. The impact of this acquisition was not material to our consolidated balance sheets and results of
operations.
Fiscal 2008 Acquisition
During fiscal 2008, we completed one business combination for cash consideration of approximately $4.3 million. This
acquisition was not material to our consolidated balance sheets and results of operations.
Fiscal 2007 Acquisitions
During fiscal 2007, we completed two business combinations and one asset acquisition for cash consideration of $77.0
million. Both individually and in the aggregate, these acquisitions were not material to our consolidated balance sheets and
results of operations. See Note 7 for information regarding goodwill and purchased and other intangibles.
NOTE 3. CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
Cash equivalents consist of instruments with remaining maturities of three months or less at the date of purchase. We
classify all of our cash equivalents and short-term investments as “available-for-sale.” These investments are free of trading
restrictions. We carry these investments at fair value, based on quoted market prices or other readily available market
information. Unrealized gains and losses, net of taxes, are included in accumulated other comprehensive income, which is
reflected as a separate component of stockholders’ equity in our Consolidated Balance Sheets. Gains are recognized when
realized in our Consolidated Statements of Income. Losses are recognized as realized. When we have determined that an
other-than-temporary decline in fair value has occurred the amount of the decline that is related to a credit loss is recognized
in earnings. Gains and losses are determined using the specific identification method.
Cash, cash equivalents and short-term investments consisted of the following as of November 27, 2009 (in thousands):
Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Estimated
Fair Value
Current assets:
Cash ........................................... $ 75,110 $ — $ — $ 75,110
Cash equivalents:
Money market mutual funds ..................... 884,240 — — 884,240
Bank deposits ................................. 40,137 — — 40,137
Total cash equivalents ........................ 924,377 — — 924,377
Total cash and cash equivalents ................... 999,487 — — 999,487
Short-term investments:
United States treasury notes ...................... 373,180 3,199 (1 ) 376,378
United States government agency bonds ............ 59,447 273 — 59,720
Government guaranteed bonds .................... 221,730 3,409 (1 ) 225,138
Corporate bonds ............................... 185,735 4,702 — 190,437
Obligations of foreign governments ............... 23,022 397 — 23,419
Bonds of multi-lateral government agencies ......... 24,598 269 — 24,867
Subtotal .................................... 887,712 12,249 (2 ) 899,959
Other marketable equity securities ................ 2,527 2,500 — 5,027
Total short-term investments ................... 890,239 14,749 (2 ) 904,986
Total cash, cash equivalents and short-term investments ... $ 1,889,726 $ 14,749 $ (2 ) $ 1,904,473