What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to publicly disclose Adobe Systems' financial results for its second fiscal quarter ended May 30, 2003, in accordance with SEC Regulation FD.

What is 'pro forma' financial information as presented by Adobe?

Adobe's pro forma financial information is a non-GAAP measure that excludes certain expenses deemed not directly related to core operations. These typically include restructuring and other charges, amortization of goodwill and purchased intangibles, acquired in-process research and development, and losses on investments in equity securities. The company uses this to provide a view of its ongoing operational performance.

Why does Adobe provide pro forma financial information?

Adobe provides pro forma financial information because management believes it offers meaningful supplemental insights into the company's core operating results, excluding items that may not be recurring or directly tied to ongoing business performance. It is used internally for performance assessment and forecasting.

Where can I find the detailed financial results and GAAP reconciliations?

The detailed financial results, including reconciliations of the pro forma figures to their most directly comparable GAAP measures, are provided in the press release furnished as Exhibit 99.1 to this 8-K filing.

ADBE 8-K SEC Disclosure

Summary

This 8-K filing from Adobe Inc. (ADBE), dated June 12, 2003, primarily serves to announce the company's financial results for the second fiscal quarter ended May 30, 2003. The report highlights that Adobe is providing "pro forma" financial information alongside its GAAP results, which excludes items such as restructuring charges, amortization of goodwill and intangibles, and certain investment losses. Management utilizes this pro forma data to assess ongoing operational performance and for future planning, believing it offers a more meaningful view of core business results. Investors should pay close attention to the specific reconciliations provided in the accompanying press release (Exhibit 99.1) to fully understand the differences between pro forma and GAAP figures and to gain a comprehensive perspective on the company's financial health during the reported quarter.

Key Highlights

1Adobe Systems announced its second fiscal quarter 2003 financial results on June 12, 2003.
2The company is providing pro forma financial information which excludes restructuring charges, amortization of goodwill/intangibles, and investment losses.
3Adobe's management uses pro forma data to evaluate core operating performance and for future planning.
4The pro forma information is presented as a supplement to, and not a substitute for, GAAP financial measures.
5Detailed reconciliations between pro forma and GAAP figures are available in the press release furnished as Exhibit 99.1.
6The filing's primary purpose is to disclose these financial results under Regulation FD.

ADOBE INC. 8-K Report (Jun 12, 2003)

Summary

Key Highlights

Frequently Asked Questions