Summary
Adobe Systems Incorporated (ADBE) filed an 8-K on September 10, 2003, to announce its third fiscal quarter financial results for the period ended August 29, 2003. The report primarily serves to furnish a press release detailing these results. A key aspect of the announcement is the presentation of non-GAAP, or "pro forma," financial information, which Adobe uses to provide supplemental insights into its core operating performance. This pro forma data excludes certain items such as restructuring charges, amortization of goodwill and purchased intangibles, and acquired in-process research and development. Management utilizes this information for assessing ongoing operations and for future planning and forecasting. Investors should note that this pro forma information is not prepared in accordance with Generally Accepted Accounting Principles (GAAP) and may differ from similar metrics used by other companies. The full reconciliation to GAAP figures is available in the attached press release.
Key Highlights
- 1Adobe Systems announced Q3 fiscal 2003 financial results on September 10, 2003.
- 2The filing furnished a press release detailing the third fiscal quarter results.
- 3The company presented 'pro forma' (non-GAAP) financial information.
- 4Pro forma results exclude restructuring charges, amortization of goodwill/intangibles, and acquired in-process R&D.
- 5Management uses pro forma data to assess core operating performance and for planning.
- 6Investors are advised that pro forma information is not prepared under GAAP and may differ from other companies' metrics.
- 7Reconciliation to GAAP financial information is available in the attached press release.