Adobe 2015 Annual Report Download - page 59

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Table of Contents
59
ADOBE SYSTEMS INCORPORATED
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value)
November 27,
2015 November 28,
2014
ASSETS
Current assets:
Cash and cash equivalents $ 876,560 $ 1,117,400
Short-term investments 3,111,524 2,622,091
Trade receivables, net of allowances for doubtful accounts of $7,293 and $7,867, respectively 672,006 591,800
Deferred income taxes — 95,279
Prepaid expenses and other current assets 161,802 175,758
Total current assets 4,821,892 4,602,328
Property and equipment, net 787,421 785,123
Goodwill 5,366,881 4,721,962
Purchased and other intangibles, net 510,007 469,662
Investment in lease receivable 80,439 80,439
Other assets 159,832 126,315
Total assets $ 11,726,472 $ 10,785,829
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade payables $ 93,307 $ 68,377
Accrued expenses 678,364 683,866
Debt and capital lease obligations — 603,229
Accrued restructuring 1,520 17,120
Income taxes payable 6,165 23,920
Deferred revenue 1,434,200 1,097,923
Total current liabilities 2,213,556 2,494,435
Long-term liabilities:
Debt and capital lease obligations 1,907,231 911,086
Deferred revenue 51,094 57,401
Accrued restructuring 3,214 5,194
Income taxes payable 256,129 125,746
Deferred income taxes 208,209 342,315
Other liabilities 85,459 73,747
Total liabilities 4,724,892 4,009,924
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;
497,809 and 497,484 shares outstanding, respectively 61 61
Additional paid-in-capital 4,184,883 3,778,495
Retained earnings 7,253,431 6,924,294
Accumulated other comprehensive income (loss) (169,080) (8,094)
Treasury stock, at cost (103,025 and 103,350 shares, respectively), net of reissuances (4,267,715) (3,918,851)
Total stockholders’ equity 7,001,580 6,775,905
Total liabilities and stockholders’ equity $ 11,726,472 $ 10,785,829
See accompanying Notes to Consolidated Financial Statements.