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)

8/31/2019
TTM
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 3,2295,8204,7613,9883,7393,174
Cash and cash equivalents 1,6432,3061,0118771,117835
Short-term investments 1,5863,5143,7503,1122,6222,339
Receivables 1,3161,218833672592600
Other undisclosed current assets 312210245162271272
Total current assets: 4,8577,2485,8404,8224,6024,046
Noncurrent Assets
Property, plant and equipment 1,075937816787785660
Intangible assets, net (including goodwill) 12,6506,2075,8215,8775,1925,377
Goodwill 10,5815,8225,4065,3674,7224,772
Intangible assets, net (excluding goodwill) 2,069386414510470605
Other noncurrent assets 18714415016012690
Other undisclosed noncurrent assets   808080207
Total noncurrent assets: 13,9127,2886,8676,9056,1846,334
TOTAL ASSETS: 18,76914,53612,70711,72610,78610,380
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,3851,1228667781,1441,066
Accounts payable 18611488936862
Accrued liabilities 1,163994740678684657
Employee-related liabilities     321318
Taxes payable 36143864928
Interest and dividends payable     23 
Debt     60315
Restructuring reserve    217
Deferred revenue and credits2,4061,9461,4341,098776
Other undisclosed current liabilities 2,916   (368)(330)
Total current liabilities: 4,3013,5272,8122,2142,4941,526
Noncurrent Liabilities
Long-term debt and lease obligation, including: 4,1251,8811,9021,9079111,499
Long-term debt, excluding current maturities      1,496
Other undisclosed long-term debt and lease obligation 4,1251,8811,9021,9079113
Liabilities, other than long-term debt 796667569604604631
Deferred revenue and credits8969515753
Accounts payable and accrued liabilities 644173184256126 
Accrued income taxes133
Deferred tax liabilities, net 280218208342376
Restructuring reserve    358
Other liabilities 15212597857462
Other undisclosed noncurrent liabilities 184     
Total noncurrent liabilities: 5,1052,5482,4712,5111,5152,130
Total liabilities: 9,4076,0765,2824,7254,0103,656
Stockholders' equity
Stockholders' equity attributable to parent 9,3628,4607,4257,0026,7766,725
Common stock 000000
Treasury stock, value (7,991)(6,084)(5,132)(4,268)(3,919)(3,643)
Additional paid in capital 5,6855,0824,6164,1853,7783,393
Accumulated other comprehensive income (loss) (148)(112)(174)(169)(8)46
Retained earnings 11,8169,5748,1157,2536,9246,929
Total stockholders' equity: 9,3628,4607,4257,0026,7766,725
TOTAL LIABILITIES AND EQUITY: 18,76914,53612,70711,72610,78610,380

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

8/31/2019
TTM
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
Revenues 9,0307,3025,8544,7964,1474,055
Revenue, net7,3025,8544,7964,1474,055
Cost of revenue (1,195)(1,010)(820)(744)(622)(587)
Cost of goods and services sold (91)(1,010)(820)(744)(622)(587)
Gross profit: 7,8356,2915,0354,0513,5253,469
Operating expenses (4,995)(4,123)(3,541)(3,148)(3,112)(3,046)
Operating income: 2,8402,1681,494903413423
Nonoperating expense (46)(30)(58)(29)(51)(67)
Investment income, nonoperating 37446302315
Foreign currency transaction loss, before tax  (31)(36)(20)(19)(21)
Other nonoperating income 40002211
Interest and debt expense (89)(74)(70)(64)(60)(68)
Other undisclosed income from continuing operations before equity method investments, income taxes 897470646068
Income from continuing operations before income taxes: 2,7942,1381,435874361356
Income tax expense (203)(444)(266)(244)(93)(66)
Net income available to common stockholders, diluted: 2,5911,6941,169630268290

Comprehensive Income ($ in millions)

8/31/2019
TTM
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
Net income: 2,5911,6941,169630268290
Other comprehensive income (loss) (36)62(5)(161)(54)15
Comprehensive income, net of tax, attributable to parent: 2,5541,7561,164469214305

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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