Adobe Inc. (ADBE) Financial Statements (2023 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)

2/28/2022
TTM
11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,7015,7985,9924,1773,2295,8204,761
Cash and cash equivalents2,7393,8444,4782,6501,6432,3061,011
Short-term investments1,9621,9541,5141,5271,5863,5143,750
Receivables1,6851,8781,3981,5351,3161,218833
Other undisclosed current assets1,090993756783312210245
Total current assets:7,4768,6698,1466,4954,8577,2485,840
Noncurrent Assets
Operating lease, right-of-use asset435443487 
Property, plant and equipment1,7031,6731,5171,2931,075937816
Intangible assets, net (including goodwill)14,53814,48812,10112,41212,6506,2075,821
Goodwill12,79512,66810,74210,69110,5815,8225,406
Intangible assets, net (excluding goodwill)1,7431,8201,3591,7212,069386414
Deferred income tax assets9501,0851,370 
Other noncurrent assets874883663563187144150
Other undisclosed noncurrent assets      80
Total noncurrent assets:18,50018,57216,13814,26713,9127,2886,867
TOTAL ASSETS:25,97627,24124,28420,76218,76914,53612,707
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7112,1021,7911,6641,3851,122866
Accounts payable29531230620918611488
Accrued liabilities1,3331,7361,4221,3991,163994740
Taxes payable83546356361438
Deferred revenue4,8944,7333,6293,378
Debt499  3,149   
Deferred revenue and credits2,4061,946
Other undisclosed current liabilities939792 2,916  
Total current liabilities:7,1976,9325,5128,1914,3013,5272,812
Noncurrent Liabilities
Long-term debt and lease obligation, including:4474,1234,1179894,1251,8811,902
Operating lease, liability447453499 
Other undisclosed long-term debt and lease obligation 3,6703,6189894,1251,8811,902
Liabilities, other than long-term debt9319368921,052796667569
Deferred revenue and credits8969
Accounts payable and accrued liabilities540534529616644173184
Deferred revenue125145130123
Deferred tax liabilities, net 280218
Deferred income tax liabilities4510140
Other liabilities26225222317315212597
Other undisclosed noncurrent liabilities3,626453499 184  
Total noncurrent liabilities:5,0045,5125,5082,0415,1052,5482,471
Total liabilities:12,20112,44411,02010,2329,4076,0765,282
Stockholders' equity
Stockholders' equity attributable to parent13,77514,79713,26410,5309,3628,4607,425
Common stock   0000
Treasury stock, value(19,759)(17,399)(13,546)(10,615)(7,991)(6,084)(5,132)
Additional paid in capital8,7508,4287,3576,5055,6855,0824,616
Accumulated other comprehensive loss(177)(137)(158)(188)(148)(112)(174)
Retained earnings24,96123,90519,61114,82911,8169,5748,115
Total stockholders' equity:13,77514,79713,26410,5309,3628,4607,425
TOTAL LIABILITIES AND EQUITY:25,97627,24124,28420,76218,76914,53612,707

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

2/28/2022
TTM
11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
Revenues16,14215,78512,86811,1719,0307,3025,854
Revenue, net7,3025,854
Cost of revenue(1,930)(1,865)(1,722)(1,673)(1,195)(1,010)(820)
Cost of goods and services sold(194)(181)(205)(227)(91)(1,010)(820)
Gross profit:14,21213,92011,1469,4997,8356,2915,035
Operating expenses(8,284)(8,118)(6,909)(6,230)(4,995)(4,123)(3,541)
Operating income:5,9285,8024,2373,2682,8402,1681,494
Nonoperating expense(113)(97)(61)(63)(46)(30)(58)
Investment income, nonoperating633135237446
Foreign currency transaction loss, before tax (17)   (31)(36)
Other nonoperating income (expense)(3) 42424000
Interest and debt expense(111)(113)(116)(157)(89)(74)(70)
Other undisclosed income from continuing operations before equity method investments, income taxes  116157897470
Income from continuing operations before equity method investments, income taxes:5,7045,5924,1763,2052,7942,1381,435
Other undisclosed income from continuing operations before income taxes111113     
Income from continuing operations before income taxes:5,8155,7054,1763,2052,7942,1381,435
Income tax expense (benefit)(988)(883)1,084(253)(203)(444)(266)
Net income available to common stockholders, diluted:4,8274,8225,2602,9512,5911,6941,169

Comprehensive Income ($ in millions)

2/28/2022
TTM
11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
Net income:4,8274,8225,2602,9512,5911,6941,169
Other comprehensive income (loss)(36)2130(40)(36)62(5)
Comprehensive income, net of tax, attributable to parent:4,7914,8435,2902,9122,5541,7561,164

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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