Adobe 2015 Annual Report Download - page 75
Download and view the complete annual report
Please find page 75 of the 2015 Adobe annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
 |
 |
Table of Contents
ADOBE SYSTEMS INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
75
NOTE 4. FAIR VALUE MEASUREMENTS
Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis
We measure certain financial assets and liabilities at fair value on a recurring basis. There have been no transfers between
fair value measurement levels during the year ended November 27, 2015.
The fair value of our financial assets and liabilities at November 27, 2015 was determined using the following inputs (in
thousands):
Fair Value Measurements at Reporting Date Using
Quoted Prices
in Active
Markets for
Identical Assets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
Total (Level 1) (Level 2) (Level 3)
Assets:
Cash equivalents:
Money market mutual funds $ 482,479 $ 482,479 $ — $ —
Municipal securities 1,849 — 1,849 —
Time deposits 13,461 13,461 — —
U.S. Treasury securities 26,400 — 26,400 —
Short-term investments:
Corporate bonds and commercial paper 1,886,914 — 1,886,914 —
Asset-backed securities 83,314 — 83,314 —
Foreign government securities 1,268 — 1,268 —
Municipal securities 137,332 — 137,332 —
U.S. agency securities 130,468 — 130,468 —
U.S. Treasury securities 872,228 — 872,228 —
Prepaid expenses and other current assets:
Foreign currency derivatives 19,126 — 19,126 —
Other assets:
Deferred compensation plan assets 32,063 971 31,092 —
Interest rate swap derivatives 19,821 — 19,821 —
Total assets $ 3,706,723 $ 496,911 $ 3,209,812 $ —
Liabilities:
Accrued expenses:
Foreign currency derivatives $ 2,154 $ — $ 2,154 $ —
Total liabilities $ 2,154 $ — $ 2,154 $ —