Adobe 2010 Annual Report Download - page 82

82
ADOBE SYSTEMS INCORPORATED
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value)
December 3,
November 27,
2010
2009
ASSETS
Current assets:
Cash and cash equivalents ................................................................................................
$
749,891
$
999,487
Short-term investments .....................................................................................................
1,718,124
904,986
Trade receivables, net of allowances for doubtful accounts of $15,233 and
$15,225, respectively ...................................................................................................
554,328
410,879
Deferred income taxes ......................................................................................................
83,247
77,417
Prepaid expenses and other current assets ........................................................................
110,460
80,855
Total current assets .......................................................................................................
3,216,050
2,473,624
Property and equipment, net .................................................................................................
448,881
388,132
Goodwill ...............................................................................................................................
3,641,844
3,494,589
Purchased and other intangibles, net .....................................................................................
457,263
527,388
Investment in lease receivable ..............................................................................................
207,239
207,239
Other assets ...........................................................................................................................
169,871
191,265
Total assets....................................................................................................................
$
8,141,148
$
7,282,237
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade payables ..................................................................................................................
$
52,432
$
58,904
Accrued expenses .............................................................................................................
564,275
419,646
Capital lease obligations, current ......................................................................................
8,799
—
Accrued restructuring .......................................................................................................
8,119
37,793
Income taxes payable ........................................................................................................
53,715
46,634
Deferred revenue ..............................................................................................................
380,748
281,576
Total current liabilities ..................................................................................................
1,068,088
844,553
Long-term liabilities:
Debt and capital lease obligations, non-current ................................................................
1,513,662
1,000,000
Deferred revenue ..............................................................................................................
48,929
36,717
Accrued restructuring .......................................................................................................
8,254
6,921
Income taxes payable ........................................................................................................
164,713
223,528
Deferred income taxes ......................................................................................................
103,098
252,486
Other liabilities .................................................................................................................
42,017
27,464
Total liabilities ..............................................................................................................
2,948,761
2,391,669
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.0001 par value; 2,000 shares authorized; none issued .......................
—
—
Common stock, $0.0001 par value; 900,000 shares authorized; 600,834 shares issued;
501,897 and 522,657 shares outstanding, respectively .................................................
61
61
Additional paid-in-capital .................................................................................................
2,458,278
2,390,061
Retained earnings ..............................................................................................................
5,980,914
5,299,914
Accumulated other comprehensive income ......................................................................
17,428
24,446
Treasury stock, at cost (98,937 and 78,177 shares, respectively), net of re-issuances ......
(3,264,294
)
(2,823,914
)
Total stockholders’ equity ............................................................................................ 5,192,387 4,890,568
Total liabilities and stockholders’ equity ...............................................................................
$
8,141,148
$
7,282,237
See accompanying Notes to Consolidated Financial Statements.