Adobe 2014 Annual Report Download - page 61

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ADOBE SYSTEMS INCORPORATED
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value)
November 28,
2014 November 29, 2013
ASSETS
Current assets:
Cash and cash equivalents.................................................................................................................... $ 1,117,400 $ 834,556
Short-term investments ........................................................................................................................ 2,622,091 2,339,196
Trade receivables, net of allowances for doubtful accounts of $7,867 and $10,228, respectively..... 591,800 599,820
Deferred income taxes.......................................................................................................................... 95,279 102,247
Prepaid expenses and other current assets ........................................................................................... 175,758 170,110
Total current assets.......................................................................................................................... 4,602,328 4,045,929
Property and equipment, net................................................................................................................... 785,123 659,774
Goodwill ................................................................................................................................................. 4,721,962 4,771,981
Purchased and other intangibles, net....................................................................................................... 469,662 605,254
Investment in lease receivable................................................................................................................ 80,439 207,239
Other assets............................................................................................................................................. 126,315 90,121
Total assets...................................................................................................................................... $ 10,785,829 $ 10,380,298
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade payables...................................................................................................................................... $ 68,377 $ 62,096
Accrued expenses................................................................................................................................. 683,866 656,939
Debt and capital lease obligations........................................................................................................ 603,229 14,676
Accrued restructuring........................................................................................................................... 17,120 6,171
Income taxes payable........................................................................................................................... 23,920 10,222
Deferred revenue.................................................................................................................................. 1,097,923 775,544
Total current liabilities.................................................................................................................... 2,494,435 1,525,648
Long-term liabilities:
Debt and capital lease obligations........................................................................................................ 911,086 1,499,297
Deferred revenue.................................................................................................................................. 57,401 53,268
Accrued restructuring........................................................................................................................... 5,194 7,717
Income taxes payable........................................................................................................................... 125,746 132,545
Deferred income taxes.......................................................................................................................... 342,315 375,634
Other liabilities..................................................................................................................................... 73,747 61,555
Total liabilities................................................................................................................................ 4,009,924 3,655,664
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;
497,484 and 496,261 shares outstanding, respectively................................................................... 61 61
Additional paid-in-capital .................................................................................................................... 3,778,495 3,392,696
Retained earnings................................................................................................................................. 6,924,294 6,928,964
Accumulated other comprehensive income (loss) ............................................................................... (8,094) 46,103
Treasury stock, at cost (103,350 and 104,573 shares, respectively), net of reissuances...................... (3,918,851) (3,643,190)
Total stockholders’ equity............................................................................................................... 6,775,905 6,724,634
Total liabilities and stockholders’ equity........................................................................................ $ 10,785,829 $ 10,380,298
See accompanying Notes to Consolidated Financial Statements.