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

The primary purpose of this 8-K filing is to announce Adobe's financial results for its second fiscal quarter ended May 31, 2013, and to furnish a press release containing these results.

What are non-GAAP financial measures, and why does Adobe use them?

Non-GAAP financial measures are financial metrics that exclude certain items from GAAP (Generally Accepted Accounting Principles) calculations. Adobe uses them to provide supplemental insights into its operational performance, excluding expenses like stock-based compensation, restructuring charges, and amortization of purchased intangibles. Management believes these measures offer a better understanding of the core profitability and operational efficiency of the business.

Are the non-GAAP financial measures presented in this report considered 'filed' with the SEC?

No, the information in this report and the attached press release are being furnished and are not deemed 'filed' for purposes of the Securities Exchange Act of 1934, nor are they incorporated by reference into any other filing under the Securities Act of 1933 or the Exchange Act, unless specifically stated otherwise in such filing.

What specific items are excluded from Adobe's non-GAAP financial measures?

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

ADBE 8-K: Earnings & Results

Summary

This 8-K filing from Adobe Inc. (ADBE) on June 18, 2013, announces their financial results for the second fiscal quarter ended May 31, 2013. The report highlights strong performance in Q2 FY2013, with the company releasing a press release detailing these results. A key aspect of the filing is Adobe's use and explanation of non-GAAP financial measures. These measures, which exclude items like stock-based compensation, restructuring charges, and amortization of purchased intangibles, are presented alongside GAAP figures to provide supplemental insights into operational performance and facilitate comparisons with historical results and competitors. Investors should note that Adobe's management believes these non-GAAP metrics offer a clearer view of the core profitability and operational efficiency of the business, particularly for strategic decision-making regarding investments and resource allocation. While these non-GAAP figures are furnished and not deemed 'filed' under SEC rules, they are a crucial part of how Adobe communicates its financial health and operational momentum to the market. The filing also references an attached press release (Exhibit 99.1) containing the detailed financial results.

Key Highlights

1Adobe Systems Incorporated announced its second fiscal quarter 2013 financial results on June 18, 2013.
2The company is furnishing its Q2 FY2013 financial results via a press release, attached as Exhibit 99.1.
3The filing details Adobe's use of non-GAAP financial measures, including non-GAAP operating income, net income, tax rate, and diluted earnings per share.
4Non-GAAP measures exclude specific items such as stock-based compensation, restructuring charges, amortization of purchased intangibles, and investment gains/losses.
5Adobe's management believes these non-GAAP measures provide meaningful supplemental information for assessing operational performance and making strategic decisions.
6The company emphasizes that non-GAAP measures should be considered in conjunction with, and not as a replacement for, GAAP financial results.
7The press release is furnished and not deemed 'filed' for the purposes of the Securities Exchange Act of 1934.

ADOBE INC. 8-K Report, Financial Results (Jun 18, 2013)

Summary

Key Highlights

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