8-KEarnings & ResultsExhibits & Filings

ADOBE INC. 8-K Report, Financial Results (Jun 16, 2009)

Filed June 16, 2009For Securities:ADBE

Summary

Adobe Systems Incorporated (ADBE) filed an 8-K on June 16, 2009, to report its financial results for the second fiscal quarter ended May 29, 2009. The filing primarily references a press release (Exhibit 99.1) detailing these results and also explains the company's use of non-GAAP financial measures. These non-GAAP measures, which exclude items like stock-based compensation, restructuring charges, and amortization of purchased intangibles, are used by Adobe to provide a clearer view of its operational performance and facilitate comparisons with historical results and competitors. Investors should note that this 8-K focuses on the disclosure of financial performance rather than significant operational or corporate events. The company emphasizes that its non-GAAP measures are supplemental and should be considered alongside GAAP results. The specific financial figures for the quarter are detailed in the referenced press release, which is incorporated by reference into this filing.

Key Highlights

  • 1Adobe Systems Incorporated filed an 8-K on June 16, 2009, reporting Q2 fiscal 2009 financial results.
  • 2The report primarily references a press release (Exhibit 99.1) for detailed financial outcomes.
  • 3Adobe utilizes and explains its use of non-GAAP financial measures, excluding specific non-cash or non-recurring items.
  • 4Items excluded from non-GAAP measures include stock-based compensation, restructuring charges, and amortization of purchased intangibles.
  • 5The company believes non-GAAP measures offer supplemental insights into operational performance and aid comparisons.
  • 6Investors are advised to review non-GAAP measures in conjunction with accompanying GAAP financial statements.
  • 7The filing does not report any significant corporate events, but rather financial performance disclosure.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report Adobe's financial results for its second fiscal quarter ended May 29, 2009, as announced in a press release (Exhibit 99.1).

Non-GAAP financial measures are financial metrics that exclude certain items from GAAP (Generally Accepted Accounting Principles) results. Adobe uses them to provide supplemental insights into its operational performance, excluding items like stock-based compensation, restructuring charges, and amortization of purchased intangibles, which they believe do not reflect the core profitability of their business operations and can complicate comparisons.

Adobe excludes several items from its non-GAAP measures, including stock-based and deferred compensation expenses, restructuring charges, amortization of purchased intangibles and technology license arrangements, investment gains and losses, and the income tax effect of these pre-tax adjustments.

The detailed financial results are provided in the press release issued by Adobe on June 16, 2009, which is attached as Exhibit 99.1 to this 8-K filing and is incorporated by reference.