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)

11/30/2023
Q4
8/31/2023
Q3
5/31/2023
Q2
2/28/2023
Q1
11/30/2022
Q4
8/31/2022
Q3
5/31/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,5166,6015,6536,0965,7645,299
Cash and cash equivalents6,6015,4564,0724,2363,8703,365
Short-term investments9151,1451,5811,8601,8941,934
Receivables1,8511,6851,8012,0651,7231,588
Other undisclosed current assets1,0439888888351,0021,021
Total current assets:10,4109,2748,3428,9968,4897,908
Noncurrent Assets
Operating lease, right-of-use asset373389402407414430
Property, plant and equipment2,0362,0321,9671,9081,8581,790
Intangible assets, net (including goodwill)13,96714,05414,14614,23614,30414,451
Goodwill12,80012,79612,79212,78712,75612,801
Intangible assets, net (excluding goodwill)1,1671,2581,3541,4491,5481,650
Deferred income tax assets1,065964826777799882
Other noncurrent assets1,2391,125984841880865
Total noncurrent assets:18,68018,56418,32518,16918,25518,418
TOTAL ASSETS:29,09027,83826,66727,16526,74426,326
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0282,1321,7772,2442,0212,043
Taxes payable757662
Accounts payable314346308379316366
Accrued liabilities1,7141,7861,4691,7901,6291,615
Deferred revenue5,3755,2655,3575,2974,8294,753
Debt    500500499
Other undisclosed current liabilities931622303878890
Total current liabilities:8,3348,0197,4378,1287,4387,385
Noncurrent Liabilities
Long-term debt and lease obligation:     426442
Liabilities, other than long-term debt1,3471,3501,3941,357880887
Accounts payable and accrued liabilities498479536530510503
Deferred revenue108116120117114123
Deferred income tax liabilities     34
Other liabilities352347323293253257
Operating lease, liability389408415417426442
Other undisclosed noncurrent liabilities3,6333,6313,6303,6293,6273,627
Total noncurrent liabilities:4,9804,9815,0244,9864,9334,956
Total liabilities:13,31413,00012,46113,11412,37112,341
Equity
Equity, attributable to parent15,77614,83814,20614,05114,37313,985
Treasury stock, value(27,146)(26,191)(25,206)(23,843)(22,109)(20,944)
Additional paid in capital11,19510,71710,2849,8689,5489,102
Accumulated other comprehensive loss(285)(297)(307)(293)(224)(195)
Retained earnings32,01230,60929,43528,31927,15826,022
Total equity:15,77614,83814,20614,05114,37313,985
TOTAL LIABILITIES AND EQUITY:29,09027,83826,66727,16526,74426,326

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

11/30/2023
Q4
8/31/2023
Q3
5/31/2023
Q2
2/28/2023
Q1
11/30/2022
Q4
8/31/2022
Q3
5/31/2022
Q2
Revenues4,8904,8164,6554,5254,4334,386
Cost of revenue(580)(572)(568)(568)(546)(539)
Gross profit:4,3104,2444,0873,9573,8873,847
Operating expenses(2,613)(2,620)(2,501)(2,452)(2,403)(2,318)
Operating income:1,6971,6241,5861,5051,4841,529
Nonoperating income (expense)46261212(28)(37)
Investment income, nonoperating6514(6)(8)
Other nonoperating income (expense)674743366(1)
Interest and debt expense(27)(26)(32)(28)(28)(28)
Income from continuing operations before equity method investments, income taxes:1,7161,6241,5661,4891,4281,464
Other undisclosed income from continuing operations before income taxes272632282828
Income from continuing operations before income taxes:1,7431,6501,5981,5171,4561,492
Income tax expense(340)(355)(351)(341)(320)(314)
Income from continuing operations:1,4031,2951,2471,1761,1361,178
Income before gain (loss) on sale of properties:1,1361,178
Net income available to common stockholders, diluted:1,4031,2951,2471,1761,1361,178

Comprehensive Income ($ in millions)

11/30/2023
Q4
8/31/2023
Q3
5/31/2023
Q2
2/28/2023
Q1
11/30/2022
Q4
8/31/2022
Q3
5/31/2022
Q2
Net income:1,4031,2951,2471,1761,1361,178
Other comprehensive income (loss) 1210(14)(69)(29)(18)
Comprehensive income, net of tax, attributable to parent:1,4151,3051,2331,1071,1071,160

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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