8-KOther Events

ADOBE INC. 8-K Report (Sep 10, 2003)

Filed September 10, 2003For Securities:ADBE

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.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce and provide Adobe Systems Incorporated's financial results for its third fiscal quarter ended August 29, 2003. It primarily furnishes a press release containing these results.

Pro forma financial information, as presented by Adobe, is a non-GAAP measure that excludes certain items like restructuring charges, amortization of goodwill and purchased intangibles, and acquired in-process R&D. Adobe provides this supplemental information to offer insights into its core operating results and performance, which management uses for assessment and forecasting.

Investors should view pro forma information as supplemental and not a substitute for GAAP measures. Adobe itself states that this information is not prepared in accordance with GAAP and may differ from similar metrics used by other companies. For a complete understanding, investors should refer to the press release for the reconciliation of pro forma results to their most directly comparable GAAP financial information.

The detailed financial results and the reconciliation of the pro forma financial information to the most directly comparable GAAP financial information are contained within the press release furnished as an exhibit to this 8-K filing.