Adobe Inc. (ADBE) Financial Statements (2024 and earlier)

Company Profile

Business Address 345 PARK AVE
SAN JOSE, CA 95110-2704
State of Incorp. DE
Fiscal Year End November 30
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

8/31/2023
MRQ
11/30/2022
11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,0965,7985,9924,1773,2295,820
Cash and cash equivalents4,2363,8444,4782,6501,6432,306
Short-term investments1,8601,9541,5141,5271,5863,514
Receivables2,0651,8781,3981,5351,3161,218
Other undisclosed current assets835993756783312210
Total current assets:8,9968,6698,1466,4954,8577,248
Noncurrent Assets
Operating lease, right-of-use asset407443487 
Property, plant and equipment1,9081,6731,5171,2931,075937
Intangible assets, net (including goodwill)14,23614,48812,10112,41212,6506,207
Goodwill12,78712,66810,74210,69110,5815,822
Intangible assets, net (excluding goodwill)1,4491,8201,3591,7212,069386
Deferred income tax assets7771,0851,370 
Other noncurrent assets841883663563187144
Total noncurrent assets:18,16918,57216,13814,26713,9127,288
TOTAL ASSETS:27,16527,24124,28420,76218,76914,536
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2442,1021,7911,6641,3851,122
Taxes payable755463563614
Accounts payable379312306209186114
Accrued liabilities1,7901,7361,4221,3991,163994
Deferred revenue5,2974,7333,6293,378
Debt 500  3,149  
Deferred revenue and credits2,406
Other undisclosed current liabilities879792 2,916 
Total current liabilities:8,1286,9325,5128,1914,3013,527
Noncurrent Liabilities
Long-term debt and lease obligation, including:  4,1234,1179894,1251,881
Other undisclosed long-term debt and lease obligation  3,6703,6189894,1251,881
Liabilities, other than long-term debt1,3579368921,052796667
Deferred revenue and credits89
Accounts payable and accrued liabilities530534529616644173
Deferred revenue117145130123
Deferred tax liabilities, net 280
Deferred income tax liabilities  510140
Other liabilities293252223173152125
Operating lease, liability417453499 
Other undisclosed noncurrent liabilities3,629453499 184 
Total noncurrent liabilities:4,9865,5125,5082,0415,1052,548
Total liabilities:13,11412,44411,02010,2329,4076,076
Equity
Equity, attributable to parent14,05114,79713,26410,5309,3628,460
Common stock    000
Treasury stock, value(23,843)(17,399)(13,546)(10,615)(7,991)(6,084)
Additional paid in capital9,8688,4287,3576,5055,6855,082
Accumulated other comprehensive loss(293)(137)(158)(188)(148)(112)
Retained earnings28,31923,90519,61114,82911,8169,574
Total equity:14,05114,79713,26410,5309,3628,460
TOTAL LIABILITIES AND EQUITY:27,16527,24124,28420,76218,76914,536

Income Statement (P&L) ($ in millions)

8/31/2023
TTM
11/30/2022
11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
Revenues17,60615,78512,86811,1719,0307,302
Revenue, net7,302
Cost of revenue(2,165)(1,865)(1,722)(1,673)(1,195)(1,010)
Cost of goods and services sold(236)(181)(205)(227)(91)(1,010)
Gross profit:15,44113,92011,1469,4997,8356,291
Operating expenses(9,343)(8,118)(6,909)(6,230)(4,995)(4,123)
Operating income:6,0985,8024,2373,2682,8402,168
Nonoperating income (expense)(90)(97)(61)(63)(46)(30)
Investment income, nonoperating(19)331352374
Loss, foreign currency transaction, before tax  (17)   (31)
Other nonoperating income41 4242400
Interest and debt expense(112)(113)(116)(157)(89)(74)
Other undisclosed income from continuing operations before equity method investments, income taxes   1161578974
Income from continuing operations before equity method investments, income taxes:5,8965,5924,1763,2052,7942,138
Other undisclosed income from continuing operations before income taxes112113    
Income from continuing operations before income taxes:6,0085,7054,1763,2052,7942,138
Income tax expense (benefit)(1,252)(883)1,084(253)(203)(444)
Income from continuing operations:4,7564,8225,2602,9512,5911,694
Income before gain (loss) on sale of properties:4,8225,2602,9512,5911,694
Net income available to common stockholders, diluted:4,7564,8225,2602,9512,5911,694

Comprehensive Income ($ in millions)

8/31/2023
TTM
11/30/2022
11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
Net income:4,7564,8225,2602,9512,5911,694
Other comprehensive income (loss)(156)2130(40)(36)62
Comprehensive income, net of tax, attributable to parent:4,6004,8435,2902,9122,5541,756

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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