Summary
This 8-K filing from Adobe Inc. (ADBE) on June 19, 2012, primarily furnishes a press release announcing strong financial results for the second fiscal quarter ended June 1, 2012. The report highlights the company's use of non-GAAP financial measures to provide supplemental insights into operational performance, excluding items such as stock-based compensation, restructuring charges, amortization of purchased intangibles, and investment gains/losses. Investors should note that these non-GAAP measures are presented for informational purposes and should be reviewed alongside the company's GAAP financial statements.
Key Highlights
- 1Adobe Systems Incorporated reported financial results for its second fiscal quarter ended June 1, 2012, via a press release filed as an exhibit.
- 2The company provided both GAAP and non-GAAP financial results, emphasizing the use of non-GAAP measures for internal decision-making and operational insights.
- 3Key non-GAAP exclusions include stock-based and deferred compensation, restructuring charges, amortization of purchased intangibles, investment gains/losses, and income tax adjustments.
- 4Adobe management believes non-GAAP measures offer a better understanding of operational performance, research and development investment, and strategic funding.
- 5The filing explicitly states that non-GAAP measures are not a substitute for GAAP and have limitations, advising investors to consider them in conjunction with GAAP figures.
- 6The press release, Exhibit 99.1, is furnished and attached, but not deemed 'filed' for purposes of securities laws unless expressly incorporated by reference.
- 7The specific financial performance figures (revenue, earnings, etc.) are detailed within the furnished press release (Exhibit 99.1), which is incorporated by reference.