ADBE » Topics » Investment Gain (Loss)

This excerpt taken from the ADBE 10-Q filed Apr 9, 2007.

Investment Gain/(Loss)

Investment gain/(loss) consists principally of realized gains or losses from the sale of marketable equity investments, other-than-temporary declines in the value of marketable and non-marketable equity securities and gains and losses of Adobe Ventures.

This excerpt taken from the ADBE 10-K filed Feb 6, 2007.

Investment Gain (Loss)

Investment gain (loss) consists principally of realized gains or losses from the sale of marketable equity investments, other-than-temporary declines in the value of marketable and non-marketable equity securities, gains and losses of Adobe Ventures, and other direct investments.

 

 

2006

 

2005

 

2004

 

 

 

 

 

 

 

 

 

 

 

Net losses related to our investments in Adobe Ventures and cost method investments

 

$(6.5

)

$(1.0

)

$(0.1

)

 

Write-downs due to other-than-temporary declines in value of our marketable equity securities

 

 

(0.6

)

 

 

Gains from sale of short-term investments

 

 

0.1

 

2.5

 

 

Gains from sale of equity investments

 

67.9

 

 

 

 

Gains (losses) on stock warrants

 

(0.2

)

0.2

 

0.1

 

 

Total investment gain (loss)

 

$61.2

 

$(1.3

)

$2.5

 

 

 

The increase in our investment gain from fiscal 2005 to fiscal 2006 is primarily due to the sale of our investment in Atom Entertainment, Inc. during the fourth quarter of fiscal 2006. We are uncertain of future investment gains or losses as they are primarily dependent upon market conditions and the operations of the underlying investee companies.

This excerpt taken from the ADBE 10-K filed Feb 5, 2007.

Investment Gain (Loss)

Investment gain (loss) consists principally of realized gains or losses from the sale of marketable equity investments, other-than-temporary declines in the value of marketable and non-marketable equity securities, gains and losses of Adobe Ventures, and other direct investments.

 

 

2006

 

2005

 

2004

 

 

 

 

 

 

 

 

 

 

 

Net losses related to our investments in Adobe Ventures and cost method investments

 

$(6.5

)

$(1.0

)

$(0.1

)

 

Write-downs due to other-than-temporary declines in value of our marketable equity securities

 

 

(0.6

)

 

 

Gains from sale of short-term investments

 

 

0.1

 

2.5

 

 

Gains from sale of equity investments

 

67.9

 

 

 

 

Gains (losses) on stock warrants

 

(0.2

)

0.2

 

0.1

 

 

Total investment gain (loss)

 

$61.2

 

$(1.3

)

$2.5

 

 

 

The increase in our investment gain from fiscal 2005 to fiscal 2006 is primarily due to the sale of our investment in Atom Entertainment, Inc. during the fourth quarter of fiscal 2006. We are uncertain of future investment gains or losses as they are primarily dependent upon market conditions and the operations of the underlying investee companies.

This excerpt taken from the ADBE 10-Q filed Jul 11, 2006.

Investment Gain (Loss)

Investment gain (loss) consists principally of realized gains or losses from the sale of marketable equity investments, other-than-temporary declines in the value of marketable and non-marketable equity securities and gains and losses of Adobe Ventures.

 

 

Three Months

 

Six Months

 

 

 

2006

 

2005

 

2006

 

2005

 

Net gains (losses) related to our investments in Adobe Ventures and cost method investments

 

$

2.8

 

$

(1.9

)

$

1.5

 

$

(3.8

)

Write-downs due to other-than-temporary declines in value of our marketable equity securities

 

 

(0.6

)

 

(0.6

)

Gains (losses) on stock warrants

 

(0.1

)

(0.2

)

(0.1

)

0.1

 

Total investment gain (loss)

 

$

2.7

 

$

(2.7

)

$

1.4

 

$

(4.3

)

 

We are uncertain of future investment gains or losses as they are primarily dependent upon the operations of the underlying investee companies.

This excerpt taken from the ADBE 10-K filed Feb 8, 2006.

Investment Gain (Loss)

        Investment gain (loss) consists principally of realized gains or losses from the sale of marketable equity investments, other-than-temporary declines in the value of marketable and non-marketable equity securities, and gains and losses of Adobe Ventures.

 
  2005
  2004
  2003
 
Net losses related to our investments in Adobe Ventures and cost method investments   $ (1.0 ) $ (0.1 ) $ (12.0 )
Write-downs due to other-than-temporary declines in value of our marketable equity securities     (0.6 )       (4.0 )
Gains from sale of short-term investments     0.1     2.5     3.1  
Gains on stock warrants     0.2     0.1      
   
 
 
 
  Total investment gain (loss)   $ (1.3 ) $ 2.5   $ (12.9 )
   
 
 
 

        We are uncertain of future investment gains or losses as they are primarily dependent upon market conditions and the operations of the underlying investee companies.

This excerpt taken from the ADBE 10-Q filed Jul 7, 2005.

Investment Gain (Loss)

        Investment gain (loss) consists principally of realized gains or losses from the sale of marketable equity investments, other-than-temporary declines in the value of marketable and non-marketable equity securities and gains and losses of Adobe Ventures.

 
  Three Months
  Six Months
 
 
  2005
  2004
  2005
  2004
 
Net losses related to our investments in Adobe Ventures and cost method investments   $ (1.9 ) $ (0.1 ) $ (3.8 ) $ (1.3 )
Write-downs due to other-than-temporary declines in value of our marketable equity securities     (0.6 )       (0.6 )    
Gains from sales of short-term equity investments         1.0         1.0  
Gains (losses) on stock warrants     (0.2 )       0.1     0.1  
   
 
 
 
 
  Total investment gain (loss)   $ (2.7 ) $ 0.9   $ (4.3 ) $ (0.2 )
   
 
 
 
 

33


        We are uncertain of future investment gains or losses as they are primarily dependent upon the operations of the underlying investee companies.

This excerpt taken from the ADBE 10-K filed Feb 2, 2005.

Investment Gain (Loss)

        Investment gain (loss) consists of realized gains or losses from the sale of marketable equity investments, other-than-temporary declines in the value of marketable and non-marketable equity securities, and gains and losses of Adobe Ventures.

        During fiscal 2004, net investment gain primarily comprised gains from the sales of our short-term investments of $2.5 million.

        During fiscal 2003, net investment losses included net losses related to our investments in Adobe Ventures and our cost method investments totaling $12.0 million. This loss of $12.0 million was partially offset by gains of $3.1 million from the sale of our short-term investments. During fiscal 2003, investment losses also included write-downs due to other-than-temporary declines in value of $4.0 million related to our short-term investments.

        During fiscal 2002, investment losses consisted of net investment losses related to investments in Adobe Ventures and our cost method investments totaling $13.1 million. We also recorded $11.3 million in losses related to other-than-temporary write-downs of our short-term investments. These losses were partially offset by gains totaling $7.2 million from the sale of our short-term investments.

        We are uncertain of future investment gains or losses as they are primarily dependent upon market conditions and the operations of the underlying investee companies.

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