Source: http://www.rasteredge.com/gallery/c18/1471/
Timestamp: 2019-04-25 03:56:28
Document Index: 728172645

Matched Legal Cases: ['art1473', 'art1473', 'art1562', 'art1070', 'art1364', 'art982', 'art51', 'art25', 'art990', 'art1242', 'art596', 'art1895', 'art1694']

mvc export to excel and pdf: Convert pdf pictures to jpg SDK software API wpf winforms azure sharepoint form10kunofficial_pdf7-part1473
mvc export to excel and pdf : Convert pdf pictures to jpg SDK software API wpf winforms azure sharepoint form10kunofficial_pdf7-part1473
The gross liability for unrecognized tax benefits at November 27, 2009 was $218.0 million, exclusive of interest and
penalties. The timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax
payments that are part of any audit settlement process. These events could cause large fluctuations in the balance sheet
classification of current and non-current assets and liabilities. We believe that before the end of fiscal 2010, it is reasonably
possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will
expire, or both. Given the uncertainties described above, we can only determine a range of estimated potential decreases in
underlying unrecognized tax benefits equal to $0 to approximately $10.0 million. These amounts would decrease income tax
expense under accounting for income taxes and as a result of the revised accounting guidance for business combinations in
fiscal 2010. See Note 1 of our Notes to Consolidated Financial Statements. Under the revised accounting guidance for
business combinations, adjustments to acquired income tax liabilities (including adjustments for acquisitions completed prior
to the effective date) that are recorded subsequent to the acquisition date will be recognized in income from continuing
operations, with certain exceptions, if such changes occur after the measurement period.
We have certain royalty commitments associated with the shipment and licensing of certain products. Royalty expense
is generally based on a dollar amount per unit shipped or a percentage of the underlying revenue.
The lease agreements for our corporate headquarters provide for residual value guarantees. The fair value of a residual
value guarantee in lease agreements entered into after December 31, 2002, must be recognized as a liability on our
Consolidated Balance Sheets. As such, we recognized $5.2 million and $3.0 million in liabilities, related to the extended East
and West Towers and Almaden Tower leases, respectively. These liabilities are recorded in other long-term liabilities with
the offsetting entry recorded as prepaid rent in other assets. The balance will be amortized to our Consolidated Statements of
Income over the life of the leases. As of November 27, 2009, the unamortized portion of the fair value of the residual value
guarantees remaining in other long-term liabilities and prepaid rent was $1.3 million.
In the normal course of business, we provide indemnifications of varying scope to customers against claims of
intellectual property infringement made by third-parties arising from the use of our products. Historically, costs related to
these indemnification provisions have not been significant and we are unable to estimate the maximum potential impact of
To the extent permitted under Delaware law, we have agreements whereby we indemnify our directors and officers for
certain events or occurrences while the director or officer is, or was serving, at our request in such capacity. The
indemnification period covers all pertinent events and occurrences during the director’s or officer’s lifetime. The maximum
potential amount of future payments we could be required to make under these indemnification agreements is unlimited;
however, we have director and officer insurance coverage that limits our exposure and enables us to recover a portion of any
future amounts paid. We believe the estimated fair value of these indemnification agreements in excess of applicable
As part of our limited partnership interests in Adobe Ventures, we have provided a general indemnification to Granite
Ventures, an independent venture capital firm and sole general partner of Adobe Ventures, for certain events or occurrences
while Granite Ventures is, or was serving, at our request in such capacity provided that Granite Ventures acts in good faith on
behalf of the partnership. We are unable to develop an estimate of the maximum potential amount of future payments that
could potentially result from any hypothetical future claim, but believe the risk of having to make any payments under this
general indemnification to be remote.
See Note 1 of our Notes to Consolidated Financial Statements for information regarding the effect of new accounting
pronouncements on our financial statements.
Convert pdf pictures to jpg - Convert PDF to JPEG images in C#.net, ASP.NET MVC, WinForms, WPF project
batch pdf to jpg; best pdf to jpg converter
Convert pdf pictures to jpg - VB.NET PDF Convert to Jpeg SDK: Convert PDF to JPEG images in vb.net, ASP.NET MVC, WinForms, WPF project
conversion pdf to jpg; change file from pdf to jpg
All market risk sensitive instruments were entered into for non-trading purposes.
In countries outside the U.S., we transact business, in U.S. dollars and in various other currencies. In Europe and Japan,
transactions that are denominated in Euro and Yen, respectively, are subject to exposure from movements in exchange rates.
We hedge our net recognized foreign currency assets and liabilities with foreign exchange forward contracts to reduce the
risk that our earnings and cash flows will be adversely affected by changes in exchange rates. We may use foreign exchange
option or forward contracts for Euro- or Yen-denominated revenue.
In fiscal 2009, 2008 and 2007, our revenue exposures were 504.3 million Euros, 628.2 million Euros and 595.5 million
Euros, respectively. In fiscal 2009, 2008 and 2007, our revenue exposures were 30.3 billion Yen, 36.8 billion Yen and 35.5
billion Yen, respectively.
Our European operating expenses are primarily in Euro and our Japanese operating expenses are in Yen, which
mitigates a portion of the exposure related to Euro and Yen denominated product revenue. In addition, we hedge firmly
committed transactions using forward contracts. These contracts do subject us to risk of accounting gains and losses;
however, the gains and losses on these contracts largely offset gains and losses on the assets, liabilities and transactions being
hedged. We also hedge a percentage of forecasted international revenue with purchased option contracts and forward
contracts. Our revenue hedging policy is intended to help mitigate the impact on our forecasted revenue due to foreign
currency exchange rate movements. As of November 27, 2009, total outstanding contracts were $510.4 million which
included the notional equivalent of $283.9 million in Euro, 182.1 million in Yen and $44.4 million in other foreign
currencies. These hedges are foreign currency forward exchange contracts which hedged our balance sheet exposures and
purchased put option contracts which hedged our forecasted revenue. As of November 27, 2009, all contracts were set to
expire at various times through July 2010. The bank counterparties in these contracts expose us to credit-related losses in the
event of their nonperformance. However, to mitigate that risk, we only contract with counterparties who meet our minimum
requirements under our counterparty risk assessment process. In addition, our hedging policy establishes maximum limits for
In addition, we also have long-term investment exposures consisting of the capitalization and retained earnings in our
non-USD functional currency foreign subsidiaries. As of November 27, 2009 and November 28, 2008, this long-term
investment exposure totaled a notional equivalent of $228.8 million and $149.1 million, respectively. At this time, we do not
hedge these long-term investment exposures.
We may use foreign exchange option contracts or forward contracts to hedge certain operational (“cash flow”)
exposures resulting from changes in foreign currency exchange rates. These foreign exchange contracts, carried at fair value,
may have maturities between one and twelve months. Such cash flow exposures result from portions of our forecasted
revenue denominated in currencies other than the U.S. dollar, primarily the Euro and the Japanese Yen. We enter into these
foreign exchange contracts to hedge forecasted product licensing revenue in the normal course of business and accordingly,
they are not speculative in nature.
We record changes in the intrinsic value of these cash flow hedges in accumulated other comprehensive income, until
the forecasted transaction occurs. When the forecasted transaction occurs, we reclassify the related gain or loss on the cash
flow hedge to revenue. In the event the underlying forecasted transaction does not occur, or it becomes probable that it will
not occur, we reclassify the gain or loss on the related cash flow hedge from accumulated other comprehensive income to
interest and other income, net on our Consolidated Statements of Income at that time. For the fiscal year ended November 27,
2009, there were no such net gains or losses recognized in other income relating to hedges of forecasted transactions that did
See Note 5 of our Notes to Consolidated Financial Statements for information regarding our hedging activities.
We hedge our net recognized foreign currency assets and liabilities with foreign exchange forward contracts to reduce
the risk that our earnings and cash flows will be adversely affected by changes in foreign currency exchange rates. These
derivative instruments hedge assets and liabilities that are denominated in foreign currencies and are carried at fair value with
Convert a PDF File to JPG. Drag and drop your PDF in the box above and we'll convert the files for you. Afterwards you can pick the pictures you want and save
batch pdf to jpg online; bulk pdf to jpg
TIFF to JPEG Converter | Convert TIFF to JPEG, Convert JPEG to
is batch-convert, TIFF to JPEG Converter supports conversions for single JPG file. Easy to crop and mirror your pictures; Simple to convert certain range
convert pdf file to jpg format; change pdf to jpg image
changes in the fair value recorded as interest and other income, net. These derivative instruments do not subject us to material
balance sheet risk due to exchange rate movements because gains and losses on these derivatives are intended to offset gains
and losses on the assets and liabilities being hedged. At November 27, 2009, the outstanding balance sheet hedging
derivatives had maturities of 90 days or less.
A sensitivity analysis was performed on all of our foreign exchange derivatives as of November 27, 2009. This
sensitivity analysis was based on a modeling technique that measures the hypothetical market value resulting from a 10%
shift in the value of exchange rates relative to the U.S. dollar. For option contracts, the Black-Scholes equation model was
used. For forward contracts, duration modeling was used where hypothetical changes are made to the spot rates of the
currency. A 10% increase in the value of the U.S. dollar (and a corresponding decrease in the value of the hedged foreign
currency asset) would lead to an increase in the fair value of our financial hedging instruments by $22.2 million. Conversely,
a 10% decrease in the value of the U.S. dollar would result in a decrease in the fair value of these financial instruments by
We do not use derivative financial instruments for speculative trading purposes, nor do we hedge our foreign currency
exposure in a manner that entirely offsets the effects of changes in foreign exchange rates.
As a general rule, we do not use financial instruments to hedge local currency denominated operating expenses in
countries where a natural hedge exists. For example, in many countries, revenue from the local currency product licenses
substantially offsets the local currency denominated operating expenses. We assess the need to utilize financial instruments to
hedge currency exposures, primarily related to operating expenses, on an ongoing basis.
We regularly review our hedging program and may as part of this review determine to change our hedging program.
Short-Term Investments and Fixed Income Securities
At November 27, 2009, we had debt securities classified as short-term investments of $900.0 million. Changes in
interest rates could adversely affect the market value of these investments. The following table separates these investments,
based on stated maturities, to show the approximate exposure to interest rates (in millions):
Due within one year ..................................................................... $
Due within two years ....................................................................
Due within three years ...................................................................
Due after three years .....................................................................
Total ................................................................................ $
A sensitivity analysis was performed on our investment portfolio as of November 27, 2009. The analysis is based on an
estimate of the hypothetical changes in market value of the portfolio that would result from an immediate parallel shift in the
yield curve of various magnitudes.
The following tables present the hypothetical fair values of our debt securities classified as short-term investments
assuming immediate parallel shifts in the yield curve of 50 basis points (“BPS”), 100 BPS and 150 BPS. The analysis is
shown as of November 27, 2009 and November 28, 2008 (dollars in millions):
Privately Held Long-Term Investments
The privately held companies in which we invest, can still be considered in the start-up or development stages which
are inherently risky. The technologies or products these companies have under development are typically in the early stages
and may never materialize, which could result in a loss of a substantial part of our initial investment in these companies. The
evaluation of privately held companies is based on information that we request from these companies which is not subject to
the same disclosure regulations as U.S. publicly traded companies and as such, the basis for these evaluations is subject to the
timing and accuracy of the data received from these companies.
See Note 4 and Note 8 of our Notes to Consolidated Financial Statements for information regarding our limited
partnership interest in Adobe Ventures.
Short-Term Investments and Marketable Equity Securities
We are exposed to equity price risk on our portfolio of marketable equity securities. As of November 27, 2009, our total
equity holdings in publicly traded companies were valued at $5.0 million compared to $3.0 million at November 28, 2008.
The increase was primarily due to the change in the fair value of our equity holdings during fiscal 2009.
The following table represents the potential decrease in fair values of our marketable equity securities as of November
27, 2009, that are sensitive to changes in the stock market. Fair value deteriorations of 50%, 35% and 15% were selected for
illustrative purposes because none is more likely to occur than another.
Marketable equity securities .............................. $
Consolidated Balance Sheets ........................................................................
Consolidated Statements of Income ...................................................................
Consolidated Statements of Stockholders’ Equity and Comprehensive Income ...............................
Consolidated Statements of Cash Flows ...............................................................
Notes to Consolidated Financial Statements ............................................................
Report of KPMG LLP, Independent Registered Public Accounting Firm ....................................
All financial statement schedules have been omitted, since the required information is not applicable or is not present in
amounts sufficient to require submission of the schedule, or because the information required is included in the Consolidated
Cash and cash equivalents .................................................. $
999,487 $
Short-term investments .....................................................
Trade receivables, net of allowances for doubtful accounts of $15,225 and $4,128,
respectively ............................................................
Deferred income taxes .....................................................
Prepaid expenses and other current assets ......................................
Total current assets ......................................................
2,735,103
Property and equipment, net ...................................................
Goodwill ..................................................................
2,134,730
Purchased and other intangibles, net ............................................
Investment in lease receivable .................................................
Other assets ................................................................
Total assets ............................................................ $ 7,282,237 $ 5,821,598
Trade payables............................................................ $
58,904 $
Accrued expenses .........................................................
Accrued restructuring ......................................................
Income taxes payable ......................................................
Deferred revenue ..........................................................
Total current liabilities ...................................................
Debt ....................................................................
Other liabilities ...........................................................
Total liabilities .........................................................
Preferred stock, $0.0001 par value; 2,000 shares authorized; none issued ............
522,657 and 526,111shares outstanding, respectively ..........................
Additional paid-in-capital ...................................................
2,396,819
4,913,406
Accumulated other comprehensive income ....................................
Treasury stock, at cost (78,177 and 74,723 shares, respectively), net of re-issuances ...
(2,957,154 )
4,410,354
Total liabilities and stockholders’ equity .................................... $ 7,282,237 $ 5,821,598
Products .................................................... $
2,759,391 $ 3,396,542 $ 3,019,524
Services and support ..........................................
183,347 138,357
Total revenue ..............................................
2,945,853 3,579,889 3,157,881
266,389 270,818
Total cost of revenue .......................................
362,630 354,694
Gross profit ...................................................
2,649,121 3,217,259 2,803,187
Research and development .....................................
662,057 613,242
Sales and marketing ..........................................
981,903 1,089,341 984,388
General and administrative .....................................
337,291 274,982
Restructuring charges .........................................
Total operating expenses ....................................
1,958,608 2,188,988 1,945,602
Operating income ..............................................
690,513 1,028,271 857,585
Interest and other income, net ..................................
(10,019 )
Investment gains (losses), net ...................................
(16,966 )
Total non-operating income (expense), net ......................
Income before income taxes ......................................
701,520 1,078,508 947,190
Provision for income taxes .......................................
206,694 223,383
Net income .................................................... $
386,508 $
871,814 $ 723,807
Basic net income per share ....................................... $
Shares used in computing basic income per share ....................
539,373 584,203
Diluted net income per share ..................................... $
Shares used in computing diluted income per share ...................
Balances at December 1, 2006 ......
600,834 $
$ 2,451,610 $
3,317,785
(13,608 ) $ (623,924 ) $ 5,151,876
Net income ....................
net of taxes ..................
Re-issuance of treasury stock under
stock compensation plans ........
(298,776 )
option plans ..................
Purchase of treasury stock...........
(39,735 ) (1,951,527 ) (1,951,527
Stock-based compensation .........
— 149,987
Adjustment to the valuation of
Macromedia assumed options ......
(28,818 )
Balances at November 30, 2007 ......
$ 2,340,969 $
(29,425 ) $ (1,760,588 ) $ 4,649,982
Net income .....................
net of taxes ...................
— (206,984 )
option plans ...................
Purchase of treasury stock..........
(58,292 ) (1,722,715 ) (1,722,715
Stock-based compensation ..........
— 172,474
Balances at November 28, 2008 .....
61 $ 2,396,819 $ 4,913,406 $
(74,723 ) $ (2,957,154 ) $ 4,410,354
Total comprehensive income, net of
taxes .......................
(303,688 )
(15,231 )
(350,014 )
(350,014
Equity awards assumed for acquisition .
Balances at November 27, 2009 .....
$ 2,390,061 $
(78,177 ) $ (2,823,914 ) $ 4,890,568
Net income ....................................................
Depreciation, amortization and accretion ...........................
Stock-based compensation ......................................
Deferred income taxes ..........................................
Unrealized losses (gains) on investments ...........................
Tax benefit from employee stock option plans .......................
Other non-cash items ...........................................
Excess tax benefits from stock-based compensation ...................
and assumed liabilities:
Trade receivables, net ........................................
Prepaid expenses and other current assets .........................
Trade payables .............................................
Accrued expenses ...........................................
Accrued restructuring ........................................
Income taxes payable ........................................
Deferred revenue ............................................
Net cash provided by operating activities .......................
1,280,682
Purchases of short-term investments .................................
(1,307,366
(2,381,533
(2,503,147
Maturities of short-term investments .................................
Proceeds from sales of short-term investments .........................
1,057,176
2,457,347
Purchases of property and equipment ................................
(132,075
Acquisitions, net of cash acquired ...................................
(1,582,669
Purchases of long-term investments and other assets ....................
(124,469
Investment in lease receivable ......................................
Issuance costs for credit facility ....................................
Proceeds from sale of long-term investments ..........................
Other .........................................................
Net cash (used for) provided by investing activities ...............
(1,497,096
(304,681
Purchases of treasury stock ........................................
(350,013
(1,722,715
(1,951,527
Proceeds from issuance of treasury stock .............................
Excess tax benefits from stock-based compensation .....................
Proceeds from borrowings on credit facility ...........................
Repayments of borrowings on credit facility ...........................
Repayments of acquired debt .......................................
Net cash provided by (used for) financing activities ...............
(1,021,567
(1,350,390
Effect of foreign currency exchange rates on cash and cash equivalents ........
Net increase (decrease) in cash and cash equivalents ......................
Cash and cash equivalents at beginning of year ...........................
Cash and cash equivalents at end of year ................................
Cash paid for income taxes, net of refunds ............................
Cash paid for interest .............................................
Founded in 1982, Adobe Systems Incorporated is one of the largest and most diversified software companies in the
world. We offer a line of creative, business, Web and mobile software and services used by creative professionals, knowledge
workers, consumers, original equipment manufacturers (“OEMs”), developers and enterprises for creating, managing,
delivering, optimizing and engaging with compelling content and experiences across multiple operating systems, devices and
media. We distribute our products through a network of distributors, value-added resellers (“VARs”), systems integrators,
independent software vendors (“ISVs”) and OEMs, direct to end users and through our own Website at www.adobe.com. We
also license our technology to hardware manufacturers, software developers and service providers, and we offer integrated
software solutions to businesses of all sizes. We have operations in the Americas, Europe, Middle East and Africa (“EMEA”)
and Asia. Our software runs on personal computers with Microsoft Windows, Apple Mac OS, Linux, UNIX and various non-
PC platforms, depending on the product.
The accompanying Consolidated Financial Statements include those of Adobe and its subsidiaries, after elimination of
all intercompany accounts and transactions. We have prepared the accompanying Consolidated Financial Statements in
accordance with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the
rules and regulations of the Securities and Exchange Commission (“SEC”).
In preparation of consolidated financial statements and related disclosures in conformity with GAAP and pursuant to the
rules and regulations of the SEC, we must make estimates and judgments that affect the amounts reported in the
Consolidated Financial Statements and accompanying notes. Estimates are used for, but not limited to sales allowances and
programs, bad debts, stock-based compensation, allocation of purchase price allocations, excess inventory and purchase
commitments, restructuring costs, facilities lease losses, impairment of goodwill and intangible assets, litigation, income
taxes and investments. Actual results may differ materially from these estimates.
Our fiscal year is a 52- or 53-week year that ends on the Friday closest to November 30. Fiscal years 2009, 2008 and
2007 were all 52 weeks.
Certain prior year amounts have been reclassified to conform to current year presentation in the Consolidated Statements
of Cash Flows. The previously reported classifications of net cash provided by (used for) operating activities, investing
activities and financing activities for any period presented were not affected by these reclassifications.
We maintain an allowance for doubtful accounts which reflects our best estimate of potentially uncollectible trade
receivables. We regularly review our trade receivables allowances by considering such factors as historical experience,
credit-worthiness, the age of the trade receivable balances and current economic conditions that may affect a customer’s
ability to pay and we specifically reserve for those deemed uncollectible.
Beginning balance ...................................
Increase due to acquisition ............................
Charged (credited) to operating expenses ................
Preference claim, credited to operating expense ...........
Deductions related to the allowance for doubtful accounts represent amounts written off against the allowance, less
syncfusion pdf viewer mvc: Convert pdf file to image file Library software class asp.net winforms web page ajax InterplayAccess_UG_V2_419-part1562
mvc show pdf in div: Change pdf to gif control application utility azure html windows visual studio hyde-the-gift-creativity-and-the-artist-in-the-modern-world-200734-part1070
return pdf from mvc: Advanced pdf to jpg converter software Library project winforms .net wpf UWP Inductin_Guide_New_York3-part1364
asp.net display pdf: Break pdf into single pages software control dll winforms web page wpf web forms Orson_Scott_Card___The_Ender_Saga___6_Books13-part982
asp.net c# pdf viewer: Cannot select text in pdf file application Library utility html asp.net .net visual studio ncaa-manual38-part51
asp.net open pdf file in web browser using c#: Can a pdf file be compressed Library SDK component asp.net .net web page mvc h12276-am8-administrators-guide29-part25
Pdf file size Kurzweil%203000%20Installation%20and%20Administration%20Guide2-part990
Adjust size of pdf MadaniEPZ5-part1242
Change font size in pdf text box Interoperability_Guide_210_enu5-part596
Best compression pdf nitro-pro-9-user-guide-en0-part1895
Pdf file thumbnail preview sibc_guide15-part1694