Adobe Inc. (ADBE) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

2/29/2020
TTM
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,1714,1773,2295,8204,7613,9883,739
Cash and cash equivalents2,6882,6501,6432,3061,0118771,117
Short-term investments1,4831,5271,5863,5143,7503,1122,622
Receivables1,3891,5351,3161,218833672592
Other undisclosed current assets895783312210245162271
Total current assets:6,4556,4954,8577,2485,8404,8224,602
Noncurrent Assets
Operating lease, right-of-use asset504 
Property, plant and equipment1,3401,2931,075937816787785
Intangible assets, net (including goodwill)12,31712,41212,6506,2075,8215,8775,192
Goodwill10,69110,69110,5815,8225,4065,3674,722
Intangible assets, net (excluding goodwill)1,6261,7212,069386414510470
Other noncurrent assets598563187144150160126
Other undisclosed noncurrent assets    808080
Total noncurrent assets:14,75914,26713,9127,2886,8676,9056,184
TOTAL ASSETS:21,21420,76218,76914,53612,70711,72610,786
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6551,6641,3851,1228667781,144
Accounts payable265209186114889368
Accrued liabilities1,2411,3991,163994740678684
Employee-related liabilities      321
Taxes payable14956361438649
Interest and dividends payable      23
Deferred revenue3,4893,378
Debt843,149    603
Restructuring reserve     217
Deferred revenue and credits2,4061,9461,4341,098
Other undisclosed current liabilities  2,916   (368)
Total current liabilities:5,2288,1914,3013,5272,8122,2142,494
Noncurrent Liabilities
Long-term debt and lease obligation, including:5149894,1251,8811,9021,907911
Operating lease, liability514 
Other undisclosed long-term debt and lease obligation 9894,1251,8811,9021,907911
Liabilities, other than long-term debt8461,052796667569604604
Deferred revenue and credits89695157
Accounts payable and accrued liabilities530616644173184256126
Deferred revenue125123
Deferred tax liabilities, net 280218208342
Deferred income tax liabilities 140
Restructuring reserve     35
Other liabilities191173152125978574
Other undisclosed noncurrent liabilities4,161 184    
Total noncurrent liabilities:5,5212,0415,1052,5482,4712,5111,515
Total liabilities:10,74910,2329,4076,0765,2824,7254,010
Stockholders' equity
Stockholders' equity attributable to parent10,46510,5309,3628,4607,4257,0026,776
Common stock 000000
Treasury stock, value(11,401)(10,615)(7,991)(6,084)(5,132)(4,268)(3,919)
Additional paid in capital6,6656,5055,6855,0824,6164,1853,778
Accumulated other comprehensive loss(189)(188)(148)(112)(174)(169)(8)
Retained earnings15,39014,82911,8169,5748,1157,2536,924
Total stockholders' equity:10,46510,5309,3628,4607,4257,0026,776
TOTAL LIABILITIES AND EQUITY:21,21420,76218,76914,53612,70711,72610,786

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

2/29/2020
TTM
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Revenues11,66111,1719,0307,3025,8544,7964,147
Revenue, net7,3025,8544,7964,147
Cost of revenue(1,727)(1,673)(1,195)(1,010)(820)(744)(622)
Cost of goods and services sold(223)(227)(91)(1,010)(820)(744)(622)
Gross profit:9,9349,4997,8356,2915,0354,0513,525
Operating expenses(6,424)(6,230)(4,995)(4,123)(3,541)(3,148)(3,112)
Operating income:3,5103,2682,8402,1681,494903413
Nonoperating expense(89)(63)(46)(30)(58)(29)(51)
Investment income, nonoperating552374463023
Foreign currency transaction loss, before tax   (31)(36)(20)(19)
Other nonoperating income56424000221
Interest and debt expense(150)(157)(89)(74)(70)(64)(60)
Other undisclosed income from continuing operations before equity method investments, income taxes1571578974706460
Income from continuing operations before equity method investments, income taxes:3,4293,2052,7942,1381,435874361
Other undisclosed loss from continuing operations before income taxes(8)      
Income from continuing operations before income taxes:3,4213,2052,7942,1381,435874361
Income tax expense(189)(253)(203)(444)(266)(244)(93)
Net income available to common stockholders, diluted:3,2322,9512,5911,6941,169630268

Comprehensive Income ($ in millions)

2/29/2020
TTM
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Net income:3,2322,9512,5911,6941,169630268
Other comprehensive income (loss)(39)(40)(36)62(5)(161)(54)
Comprehensive income, net of tax, attributable to parent:3,1942,9122,5541,7561,164469214

Statements sources

The financial statements are based on the company's filings with the 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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