Adobe Inc. (ADBE) financial statements (2021 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)

2/28/2021
TTM
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,9635,9924,1773,2295,8204,7613,988
Cash and cash equivalents3,4524,4782,6501,6432,3061,011877
Short-term investments1,5111,5141,5271,5863,5143,7503,112
Receivables1,5201,3981,5351,3161,218833672
Other undisclosed current assets901756783312210245162
Total current assets:7,3848,1466,4954,8577,2485,8404,822
Noncurrent Assets
Operating lease, right-of-use asset477487 
Property, plant and equipment1,5301,5171,2931,075937816787
Intangible assets, net (including goodwill)13,57412,10112,41212,6506,2075,8215,877
Goodwill11,84510,74210,69110,5815,8225,4065,367
Intangible assets, net (excluding goodwill)1,7291,3591,7212,069386414510
Deferred income tax assets1,2621,370 
Other noncurrent assets758663563187144150160
Other undisclosed noncurrent assets     8080
Total noncurrent assets:17,60116,13814,26713,9127,2886,8676,905
TOTAL ASSETS:24,98524,28420,76218,76914,53612,70711,726
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5781,7911,6641,3851,122866778
Accounts payable2543062091861148893
Accrued liabilities1,2431,4221,3991,163994740678
Taxes payable8163563614386
Deferred revenue4,1343,6293,378
Debt  3,149    
Restructuring reserve      2
Deferred revenue and credits2,4061,9461,434
Other undisclosed current liabilities9492 2,916   
Total current liabilities:5,8065,5128,1914,3013,5272,8122,214
Noncurrent Liabilities
Long-term debt and lease obligation, including:4944,1179894,1251,8811,9021,907
Operating lease, liability494499 
Other undisclosed long-term debt and lease obligation 3,6189894,1251,8811,9021,907
Liabilities, other than long-term debt1,0208921,052796667569604
Deferred revenue and credits896951
Accounts payable and accrued liabilities540529616644173184256
Deferred revenue151130123
Deferred tax liabilities, net 280218208
Deferred income tax liabilities8110140
Restructuring reserve      3
Other liabilities2482231731521259785
Other undisclosed noncurrent liabilities4,119499 184   
Total noncurrent liabilities:5,6335,5082,0415,1052,5482,4712,511
Total liabilities:11,43911,02010,2329,4076,0765,2824,725
Stockholders' equity
Stockholders' equity attributable to parent13,54613,26410,5309,3628,4607,4257,002
Common stock  00000
Treasury stock, value(14,451)(13,546)(10,615)(7,991)(6,084)(5,132)(4,268)
Additional paid in capital7,6177,3576,5055,6855,0824,6164,185
Accumulated other comprehensive loss(141)(158)(188)(148)(112)(174)(169)
Retained earnings20,52119,61114,82911,8169,5748,1157,253
Total stockholders' equity:13,54613,26410,5309,3628,4607,4257,002
TOTAL LIABILITIES AND EQUITY:24,98524,28420,76218,76914,53612,70711,726

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

2/28/2021
TTM
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
Revenues13,68212,86811,1719,0307,3025,8544,796
Revenue, net7,3025,8544,796
Cost of revenue(1,717)(1,722)(1,673)(1,195)(1,010)(820)(744)
Cost of goods and services sold(195)(205)(227)(91)(1,010)(820)(744)
Gross profit:11,96511,1469,4997,8356,2915,0354,051
Operating expenses(7,211)(6,909)(6,230)(4,995)(4,123)(3,541)(3,148)
Operating income:4,7544,2373,2682,8402,1681,494903
Nonoperating expense(64)(61)(63)(46)(30)(58)(29)
Investment income, nonoperating2113523744630
Foreign currency transaction loss, before tax    (31)(36)(20)
Other nonoperating income584242400022
Interest and debt expense(113)(116)(157)(89)(74)(70)(64)
Other undisclosed income from continuing operations before equity method investments, income taxes11611615789747064
Income from continuing operations before equity method investments, income taxes:4,6934,1763,2052,7942,1381,435874
Other undisclosed loss from continuing operations before income taxes(3)      
Income from continuing operations before income taxes:4,6904,1763,2052,7942,1381,435874
Income tax expense (benefit)8761,084(253)(203)(444)(266)(244)
Net income available to common stockholders, diluted:5,5665,2602,9512,5911,6941,169630

Comprehensive Income ($ in millions)

2/28/2021
TTM
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
Net income:5,5665,2602,9512,5911,6941,169630
Other comprehensive income (loss)4830(40)(36)62(5)(161)
Comprehensive income, net of tax, attributable to parent:5,6145,2902,9122,5541,7561,164469

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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