Adobe 2014 Annual Report Download - page 106

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ADOBE SYSTEMS INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
106
Property and Equipment 2014 2013
Americas:
United States............................................................................................................... $ 651,281 $ 534,115
Other ........................................................................................................................... 656 947
Total Americas....................................................................................................... 651,937 535,062
EMEA............................................................................................................................ 46,380 52,018
APAC:
India............................................................................................................................ 76,428 58,013
Other ........................................................................................................................... 10,378 14,681
Total APAC ............................................................................................................ 86,806 72,694
Property and equipment, net ......................................................................................... $ 785,123 $ 659,774
Significant Customers
For fiscal 2014 and 2013, there were no customers that represented at least 10% of net revenue. For fiscal 2012, Ingram
Micro accounted for 11% of net revenue.
In fiscal 2014 and 2013, no single customer was responsible for over 10% of our trade receivables.
NOTE 19. SELECTED QUARTERLY FINANCIAL DATA (unaudited)
2014
(in thousands, except per share data) Quarter Ended
February 28 May 30 August 29 November 28
Revenue...................................................................................... $ 1,000,120 $ 1,068,208 $ 1,005,409 $ 1,073,328
Gross profit ................................................................................ $ 851,611 $ 913,304 $ 847,685 $ 912,385
Income before income taxes ...................................................... $ 64,892 $ 121,271 $ 62,938 $ 112,275
Net income................................................................................. $ 47,046 $ 88,527 $ 44,686 $ 88,136
Basic net income per share ........................................................ $ 0.09 $ 0.18 $ 0.09 $ 0.18
Diluted net income per share ..................................................... $ 0.09 $ 0.17 $ 0.09 $ 0.17
2013
(in thousands, except per share data) Quarter Ended
March 1 May 31 August 30 November 29
Revenue...................................................................................... $ 1,007,873 $ 1,010,549 $ 995,119 $ 1,041,699
Gross profit ................................................................................ $ 851,189 $ 875,268 $ 848,043 $ 894,183
Income before income taxes ...................................................... $ 83,484 $ 91,127 $ 93,260 $ 88,270
Net income................................................................................. $ 65,117 $ 76,546 $ 83,002 $ 65,320
Basic net income per share ........................................................ $ 0.13 $ 0.15 $ 0.16 $ 0.13
Diluted net income per share ..................................................... $ 0.13 $ 0.15 $ 0.16 $ 0.13
Our fiscal year is a 52- or 53-week year that ends on the Friday closest to November 30. Each of the fiscal quarters presented
were comprised of 13 weeks.