Adobe continues to provide all information required in accordance with
GAAP, but believes evaluating its ongoing operating results may not be
as useful if an investor is limited to reviewing only GAAP financial
measures. Accordingly, Adobe uses non-GAAP financial information to
evaluate its ongoing operations and for internal planning and
forecasting purposes. Adobe's management does not itself, nor does it
suggest that investors should, consider such non-GAAP financial measures
in isolation from, or as a substitute for, financial information
prepared in accordance with GAAP. Adobe presents such non-GAAP financial
measures in reporting its financial results to provide investors with an
additional tool to evaluate Adobe's operating results in a manner that
focuses on what Adobe believes to be its ongoing business operations.
Adobe's management believes it is useful for itself and investors to
review, as applicable, both GAAP information that includes the
stock-based and deferred compensation expenses, restructuring charges,
amortization of purchased intangibles, investment gains and losses and
the related tax impact of all of these items, income tax adjustments,
the income tax effect of the non-GAAP pre-tax adjustments from the
provision for income taxes, and the non-GAAP measures that exclude such
information in order to assess the performance of Adobe's business and
for planning and forecasting in subsequent periods. Whenever Adobe uses
such a non-GAAP financial measure, it provides a reconciliation of the
non-GAAP financial measure to the most closely applicable GAAP financial
measure. Investors are encouraged to review the related GAAP financial
measures and the reconciliation of these non-GAAP financial measures to
their most directly comparable GAAP financial measure as detailed above.
Contact:
Adobe Systems Incorporated
Mike Saviage, 408-536-4416 (Investor
Relations)
Email Contact
Jodi
Sorensen, 408-536-2084 (Public Relations)
Email Contact