Adobe Inc. (ADBE) · 37 Years of Financial statements

Income Statement

Revenue

16

39

84

121

169

230

266

314

598

762

787

912

895

1,015

1,266

1,230

1,165

1,295

1,667

1,966

2,575

3,158

3,580

2,946

3,800

4,216

4,404

4,055

4,147

4,796

5,854

7,302

9,030

11,171

12,868

15,785

17,606

COGS

1

8

11

14

39

62

29

72

130

141

126

111

95

87

81

104

93

104

113

292

355

363

297

404

438

484

587

622

744

820

1,010

1,195

1,673

1,722

1,865

2,165

Gross Profit

15

31

72

108

129

168

237

284

526

632

645

786

783

921

1,179

1,148

1,061

1,202

1,562

1,854

2,283

2,803

3,217

2,649

3,396

3,778

3,920

3,469

3,525

4,051

5,035

6,291

7,835

9,499

11,146

13,920

15,441

Gross Profit Ratio

94.41%

79.39%

86.35%

88.63%

76.64%

73.14%

88.94%

90.69%

87.97%

82.91%

82.06%

86.15%

87.55%

90.69%

93.11%

93.38%

91.05%

92.82%

93.74%

94.27%

88.64%

88.77%

89.87%

89.93%

89.38%

89.61%

89.01%

85.54%

85.00%

84.48%

86.00%

86.16%

86.77%

85.03%

86.62%

88.18%

87.70%

Operating Expenses

8

15

38

56

67

90

162

203

407

451

472

549

620

634

765

758

756

823

970

1,125

1,712

1,945

2,157

1,917

2,380

2,581

2,743

3,019

3,092

3,147

3,542

4,123

4,995

6,230

6,909

8,118

9,343

R&D Expenses

- -

99

139

153

171

207

197

240

224

246

277

311

365

540

613

662

565

680

738

743

827

844

863

976

1,224

1,538

1,930

2,188

2,540

2,987

Selling, G&A Exp.

8

14

35

50

56

75

143

177

255

301

317

379

412

432

518

519

489

546

659

760

1,102

1,259

1,427

1,281

1,628

1,800

1,951

2,141

2,196

2,215

2,488

2,822

3,366

4,125

4,559

5,406

6,187

General and Admin. Exp.

- -

299

383

415

435

520

543

532

578

625

745

881

968

1,085

1,219

Selling and Marketing Exp.

- -

982

1,244

1,386

1,516

1,620

1,652

1,683

1,910

2,198

2,621

3,244

3,591

4,321

4,968

Other Expenses

1

2

3

6

11

15

19

26

53

11

3

(1)

- -

5

7

14

21

- -

70

72

68

72

43

49

52

69

79

77

91

175

162

172

169

COGS and Expenses

9

23

49

70

107

152

191

233

479

581

614

675

731

729

852

839

860

916

1,075

1,238

2,004

2,300

2,520

2,214

2,784

3,019

3,226

3,606

3,714

3,891

4,362

5,133

6,190

7,903

8,631

9,983

11,508

Interest Income

- -

31

22

25

22

21

29

47

66

93

68

43

17

- -

Interest Expense

- -

3

57

67

68

60

64

70

74

89

157

116

113

112

Depreciation and Amortization

1

2

3

6

11

15

19

26

53

60

56

59

56

51

43

57

63

49

61

64

308

315

270

282

293

270

300

321

314

339

332

326

346

737

757

788

856

EBITDA

8

19

39

60

77

99

89

117

93

224

300

355

224

425

487

364

348

430

669

830

988

1,263

1,349

987

1,293

1,372

1,486

745

735

1,277

1,837

2,538

3,230

4,099

5,049

6,606

6,976

EBITDA ratio

49.07%

47.07%

46.83%

49.75%

45.88%

43.01%

33.28%

37.32%

15.59%

29.42%

38.20%

38.98%

25.03%

41.87%

38.46%

29.57%

29.89%

33.17%

40.17%

42.22%

38.35%

39.98%

37.68%

33.52%

34.02%

32.55%

33.75%

18.37%

17.72%

26.64%

31.38%

34.76%

35.77%

36.69%

39.24%

41.85%

39.62%

Operating Income

7

16

34

52

62

78

75

81

119

135

147

231

125

260

408

378

287

379

592

728

551

858

1,028

691

993

1,099

1,180

423

413

903

1,494

2,168

2,840

3,268

4,237

5,802

6,098

Operating Income ratio

42.86%

40.97%

40.96%

42.59%

36.81%

33.96%

28.13%

25.84%

19.86%

17.65%

18.66%

25.31%

14.01%

25.59%

32.22%

30.78%

24.64%

29.31%

35.51%

37.05%

21.41%

27.16%

28.72%

23.44%

26.13%

26.07%

26.80%

10.42%

9.95%

18.83%

25.51%

29.69%

31.45%

29.25%

32.93%

36.76%

34.64%

Total Other Income Exp.(Gains)

0

1

2

3

4

6

(5)

10

(79)

29

98

65

42

115

36

(72)

(2)

1

17

37

128

90

50

11

(50)

(64)

(61)

(67)

(51)

(29)

(58)

(30)

(46)

(63)

(61)

(97)

(90)

Income Before Tax

7

17

36

55

66

84

70

91

40

164

245

296

168

374

444

307

285

380

609

766

680

947

1,079

702

943

1,035

1,119

356

361

874

1,435

2,138

2,794

3,205

4,176

5,705

6,008

Income Before Tax ratio

44.72%

43.00%

42.87%

45.14%

39.30%

36.40%

26.14%

29.03%

6.69%

21.49%

31.13%

32.47%

18.74%

36.87%

35.04%

24.96%

24.44%

29.39%

36.52%

38.94%

26.39%

29.99%

30.13%

23.81%

24.82%

24.55%

25.41%

8.78%

8.71%

18.22%

24.51%

29.28%

30.94%

28.69%

32.45%

36.14%

34.12%

Income Tax Expense (Gain)

4

8

15

21

26

32

26

34

70

92

109

63

137

156

101

93

114

158

163

174

223

207

315

168

202

286

66

93

244

266

444

203

253

(1,084)

883

1,252

Net Income

4

9

21

34

40

52

44

57

6

93

153

187

105

238

288

206

191

266

450

603

506

724

872

387

775

833

290

268

630

1,169

1,694

2,591

2,951

5,260

4,822

4,756

Net Income Ratio

22.36%

22.90%

25.27%

27.76%

23.77%

22.46%

16.40%

18.18%

1.05%

12.26%

19.49%

20.49%

11.75%

23.41%

22.73%

16.72%

16.43%

20.57%

27.03%

30.66%

19.64%

22.92%

24.35%

13.12%

20.39%

19.75%

18.91%

7.15%

6.47%

13.13%

19.96%

23.20%

28.69%

26.42%

40.88%

30.55%

27.01%

EPS

0.01

0.03

0.07

0.10

0.12

0.14

0.12

0.15

0.01

0.16

0.25

0.31

0.20

0.49

0.60

0.43

0.41

0.57

0.94

1.23

0.85

1.24

1.62

0.74

1.49

1.67

1.68

0.58

0.51

1.26

2.35

3.43

5.28

6.07

10.94

10.10

10.12

EPS Diluted

0.01

0.03

0.07

0.10

0.12

0.14

0.12

0.15

0.01

0.16

0.25

0.31

0.19

0.46

0.56

0.41

0.40

0.55

0.91

1.19

0.83

1.21

1.59

0.73

1.47

1.65

1.66

0.56

0.50

1.24

2.32

3.38

5.20

6.00

10.83

10.02

10.10

Weighted Avg. Shares Outs.

240

300

325

337

349

356

363

368

500

602

609

601

531

483

477

474

468

478

490

594

584

539

524

519

497

495

501

498

499

498

494

491

486

481

477

470

Weighted Avg. Shares Outs. Dil.

240

300

325

337

349

356

363

368

500

602

609

601

544

517

512

498

486

483

496

508

612

599

549

531

526

504

503

513

508

507

504

501

498

492

485

481

471

SEC Link

Link

Balance Sheet

Cash and Cash Equivalents

13

17

35

13

20

30

47

95

190

58

111

268

111

171

237

219

184

190

376

421

773

946

886

999

750

990

1,425

835

1,117

877

1,011

2,306

1,643

2,650

4,478

3,844

4,236

Short-Term Investments

- -

458

453

235

162

328

443

363

434

907

937

1,280

1,508

1,047

1,133

905

1,718

1,922

2,113

2,339

2,622

3,112

3,750

3,514

1,586

1,527

1,514

1,954

1,860

Cash & Short-Term Investments

13

17

35

13

20

30

47

95

190

516

564

503

273

499

680

582

618

1,097

1,313

1,701

2,281

1,994

2,019

1,904

2,468

2,912

3,538

3,174

3,739

3,988

4,761

5,820

3,229

4,177

5,992

5,798

6,096

Net Receivables

4

8

15

24

31

38

49

50

97

133

127

131

141

79

160

142

147

174

167

205

409

363

467

411

554

634

617

600

592

672

833

1,218

1,316

1,535

1,398

1,878

2,065

Inventory

- -

1

2

4

5

4

10

7

- -

Other Current Assets

0

1

39

54

90

124

156

236

37

46

45

42

45

38

43

50

58

70

103

195

216

249

158

194

225

176

272

271

162

245

210

312

783

756

993

835

Total Current Assets

17

26

52

77

109

162

224

304

532

693

737

679

456

623

878

767

814

1,329

1,551

2,009

2,884

2,573

2,735

2,474

3,216

3,771

4,331

4,046

4,602

4,822

5,840

7,248

4,857

6,495

8,146

8,669

8,996

PP&E

2

4

8

10

12

18

21

23

39

52

80

81

94

69

64

81

71

77

100

104

227

290

313

388

449

528

664

660

785

787

816

937

1,075

1,293

2,004

2,116

2,315

Goodwill

- -

2,149

2,148

2,135

3,495

3,642

3,849

4,133

4,772

4,722

5,367

5,406

5,822

10,581

10,691

10,742

12,668

12,787

Intangible Assets

- -

18

12

- -

100

111

126

135

506

403

306

527

457

546

545

605

470

510

414

386

2,069

1,721

1,359

1,820

1,449

Goodwill and Intangible Assets

- -

18

12

- -

100

111

126

135

2,656

2,551

2,440

4,022

4,099

4,395

4,678

5,377

5,192

5,877

5,821

6,207

12,650

12,412

12,101

14,488

14,236

Investments

- -

207

80

- -

Tax Assets

- -

4

- -

24

2

12

24

- -

1,370

1,085

777

Other Non-Current Assets

2

3

6

7

25

42

19

14

54

140

191

180

217

88

125

71

42

38

182

193

195

300

333

191

170

90

93

90

126

160

150

144

187

563

663

883

841

Total Non-Current Assets

3

7

14

17

37

60

57

49

93

192

275

261

311

181

191

163

237

226

408

432

3,078

3,141

3,086

4,809

4,925

5,220

5,643

6,334

6,184

6,905

6,867

7,288

13,912

14,267

16,138

18,572

18,169

Other Assets

- -

Total Assets

20

32

66

94

146

221

281

353

626

885

1,012

940

767

804

1,069

931

1,052

1,555

1,959

2,440

5,963

5,714

5,822

7,282

8,141

8,991

9,975

10,380

10,786

11,726

12,707

14,536

18,769

20,762

24,284

27,241

27,165

Accounts Payable

- -

5

4

6

5

10

31

26

43

58

49

36

40

31

38

37

43

41

55

67

56

59

52

87

50

62

68

93

88

114

186

209

306

312

379

Short-Term Debt

- -

9

11

15

603

- -

3,149

92

97

587

Tax Payable

- -

75

- -

47

76

43

76

28

49

34

81

64

93

139

158

173

75

Deferred Revenue

- -

23

22

31

46

60

58

130

183

244

282

381

476

561

776

1,098

1,434

1,946

2,406

2,916

3,378

3,629

4,733

5,297

Other Current Liabilities

5

8

19

30

33

31

52

64

138

160

188

167

202

232

177

261

308

353

349

382

492

602

463

457

551

636

573

645

676

652

697

944

1,106

1,316

1,327

1,617

1,790

Total Current Liabilities

5

8

19

34

37

57

74

169

186

231

225

251

268

315

314

377

437

451

480

677

852

763

845

1,068

1,251

1,272

1,526

2,494

2,214

2,812

3,527

4,301

8,191

5,512

6,932

8,128

Long-Term Debt

- -

1

0

- -

350

1,000

1,514

1,505

1,497

1,499

911

1,907

1,902

1,881

4,125

989

4,616

4,576

4,046

Deferred Revenue

- -

37

49

55

58

53

57

51

69

89

138

123

130

145

117

Deferred Tax Liabilities

1

2

- -

18

84

79

71

149

117

252

103

182

265

376

342

208

218

280

47

140

10

5

28

Other Non-Current Liabilities

- -

0

- -

(0)

- -

(0)

7

- -

75

- -

24

2

12

- -

17

63

62

181

258

215

217

202

205

345

282

298

796

789

752

786

795

Total Non-Current Liabilities

1

2

1

2

(0)

7

- -

75

- -

24

2

12

- -

18

84

96

133

211

649

1,547

1,881

1,957

2,038

2,130

1,515

2,511

2,471

2,548

5,105

2,041

5,508

5,512

4,986

Other Liabilities

- -

Capital Lease Obligations

- -

28

9

13

18

- -

591

550

504

Total Liabilities

6

9

21

35

38

57

81

169

186

306

225

251

292

317

314

377

454

535

576

811

1,064

1,411

2,392

2,949

3,208

3,309

3,656

4,010

4,725

5,282

6,076

9,407

10,232

11,020

12,444

13,114

Preferred Stock

- -

Common Stock

- -

293

149

291

307

369

531

625

30

0

- -

Retained Earnings

4

13

32

59

94

138

175

223

320

391

530

664

733

896

1,173

1,366

1,546

1,800

2,239

2,839

3,318

4,042

4,913

5,300

5,981

6,529

7,003

6,929

6,924

7,253

8,115

9,574

11,816

14,829

19,611

23,905

28,319

Other Compreh. Income(Loss)

(1)

(2)

(4)

(13)

(19)

(28)

(39)

(74)

15

29

(1)

(2)

80

(2)

(138)

(4)

(1)

(2)

(1)

6

28

57

24

17

30

31

46

(8)

(169)

(174)

(112)

(148)

(188)

(158)

(137)

(293)

Other Total Stockhold. Equity

10

12

17

4

27

64

78

89

211

(1)

(239)

(522)

(833)

(949)

(1,236)

(897)

(728)

(843)

(1,003)

1,828

580

(560)

(434)

(806)

(776)

(369)

(250)

(140)

(83)

(516)

(1,002)

(2,305)

(4,110)

(6,189)

(8,971)

(13,975)

Total Stockholders Equity

14

24

44

59

108

183

225

272

457

698

707

715

516

512

753

617

674

1,101

1,423

1,864

5,152

4,650

4,410

4,891

5,192

5,783

6,665

6,725

6,776

7,002

7,425

8,460

9,362

10,530

13,264

14,797

14,051

Total Liab.&Stockhold. Equity

20

32

66

94

146

221

281

353

626

884

1,013

940

767

804

1,070

931

1,052

1,555

1,959

2,440

5,963

5,714

5,822

7,282

8,141

8,991

9,975

10,380

10,786

11,726

12,707

14,536

18,769

20,762

24,284

27,241

27,165

Minority Interest

- -

Total Liabilities & Equity

20

32

66

94

146

221

281

353

626

884

1,013

940

767

804

1,070

931

1,052

1,555

1,959

2,440

5,963

5,714

5,822

7,282

8,141

8,991

9,975

10,380

10,786

11,726

12,707

14,536

18,769

20,762

24,284

27,241

27,165

SEC Link

Link

Cash Flow Statement

Net Income

- -

34

40

52

44

57

6

93

153

187

105

238

288

206

191

266

450

603

506

724

872

387

- -

833

290

268

630

1,169

1,694

2,591

2,951

5,260

4,822

4,756

Depreciation and Amortization

- -

6

11

15

19

26

53

60

56

59

56

51

43

57

63

49

61

64

308

315

270

- -

293

270

300

321

314

339

332

326

346

737

757

788

856

Deferred Income Tax

- -

(2)

1

2

(10)

(1)

(13)

(7)

(4)

(7)

1

(18)

(5)

36

46

(7)

(4)

58

47

50

(161)

61

89

30

(26)

(70)

24

52

(469)

3

(1,501)

183

328

Stock Based Compensation

- -

168

231

286

299

329

334

336

350

451

610

788

909

1,069

1,440

Change in Working Capital

- -

6

(4)

8

13

24

39

(29)

29

(36)

40

66

(17)

16

19

27

30

(16)

(54)

72

(126)

183

(23)

78

10

163

396

264

320

391

943

(23)

186

292

336

Accounts Receivable

- -

172

(134)

(81)

45

34

8

(80)

(160)

(187)

(2)

(188)

106

(430)

(198)

Inventory

- -

(0)

(3)

0

(1)

1

2

- -

Accounts Payable

- -

(14)

(10)

32

(63)

7

6

23

(6)

(45)

55

23

96

(20)

- -

Other Working Capital

- -

39

29

66

(45)

109

101

87

201

326

321

525

475

445

497

258

1,053

547

Other Non-Cash Items

- -

1

2

15

2

56

59

(33)

3

9

(21)

129

158

61

55

96

86

172

270

218

331

773

848

(31)

19

2

(29)

5

(1)

8

(34)

116

76

122

Cash Provided by Operating Activities

- -

44

49

79

80

108

143

177

198

209

203

334

445

419

329

433

684

730

927

1,439

1,281

1,118

1,113

1,543

1,500

1,152

1,287

1,470

2,200

2,913

4,029

4,422

5,727

7,230

7,838

CAPEX

- -

(5)

(7)

(12)

(14)

(29)

(34)

(46)

(34)

(60)

(42)

(30)

(47)

(32)

(39)

(63)

(49)

(83)

(132)

(112)

(120)

(170)

(210)

(271)

(188)

(148)

(185)

(204)

(178)

(267)

(394)

(419)

(348)

(442)

Acquisitions Net

- -

(15)

(8)

(6)

(4)

(37)

(24)

- -

7

- -

(16)

(10)

439

(76)

(4)

(1,583)

(193)

(259)

(353)

(705)

(30)

(826)

(48)

(460)

(6,314)

(101)

- -

(2,682)

(126)

Purchases of Investments

- -

(15)

(14)

(36)

(27)

(673)

(1,734)

(2,614)

(2,364)

(2,657)

(1,278)

(271)

(503)

(849)

(617)

(928)

(1,214)

(1,884)

(1,620)

(2,694)

(2,506)

(1,337)

(2,629)

(1,927)

(1,806)

(2,126)

(2,032)

(2,088)

(2,344)

(1,961)

(585)

(749)

(1,086)

(1,575)

(955)

Sales/Maturities of Investments

- -

644

1,698

2,404

2,364

2,875

1,348

297

324

869

499

435

1,138

1,622

1,459

2,986

2,286

1,539

1,800

1,639

1,596

1,817

1,719

1,552

1,636

2,156

2,480

788

1,091

1,068

953

Other Investing Activities

- -

(3)

(23)

(26)

(15)

(5)

(42)

(96)

7

(11)

(47)

127

5

- -

(17)

(121)

- -

(1)

31

3

32

(0)

- -

24

- -

58

- -

Cash Used for Investing Activities

- -

(23)

(44)

(74)

(54)

(48)

(107)

(356)

(47)

167

(40)

74

(228)

(26)

(142)

(548)

(277)

(320)

195

83

(305)

(1,497)

(1,159)

(757)

(835)

(1,178)

(491)

(1,488)

(960)

(443)

(4,685)

(456)

(414)

(3,537)

(570)

Debt Repayment

- -

(14)

(1,004)

(10)

(26)

(15)

(602)

(0)

(2)

- -

(3,150)

- -

Common Stock Issued

- -

3

7

15

10

17

45

70

40

77

71

143

119

88

82

213

396

357

510

516

319

180

139

145

169

501

228

164

146

158

191

233

270

291

278

Common Stock Repurchased

- -

(20)

(1)

- -

(13)

(21)

(10)

(18)

(127)

(276)

(379)

(479)

(255)

(485)

(293)

(85)

(609)

(600)

(1,364)

(1,952)

(1,723)

(350)

(850)

(695)

(405)

(1,100)

(600)

(625)

(1,075)

(1,100)

(2,050)

(2,750)

(3,050)

(3,950)

(6,550)

Dividends Paid

- -

(4)

(5)

(7)

(9)

(10)

(12)

(15)

(21)

(16)

(12)

(3)

- -

Other Financing Activities

- -

(0)

(1)

(3)

(0)

0

(4)

(3)

- -

3

1

- -

80

85

382

662

1,499

10

11

66

(120)

862

(161)

(240)

1,855

(429)

2,442

(642)

(553)

Cash Used/Provided by Financing Activities

- -

(21)

1

6

(10)

(12)

21

37

(101)

(219)

(322)

(347)

(148)

(410)

(223)

117

(225)

(247)

(775)

(1,350)

(1,022)

478

(215)

(550)

(235)

(559)

(507)

(201)

(1,091)

(1,184)

(6)

(2,946)

(3,488)

(4,301)

(6,825)

Effect of Forex Changes on Cash

- -

(1)

0

2

1

2

(1)

(3)

(1)

1

4

(2)

4

2

(14)

15

12

4

5

(5)

(7)

(21)

(14)

9

(2)

(13)

3

(26)

(51)

Net Change In Cash

- -

(21)

1

6

(10)

(12)

56

(142)

52

157

(157)

60

66

(18)

(35)

6

186

162

352

174

(60)

113

(250)

240

436

(590)

283

(241)

135

1,295

(663)

1,007

1,828

(634)

392

Cash at the End of Period

- -

190

58

111

268

111

171

237

219

184

190

376

421

773

946

886

999

750

990

1,425

835

1,117

877

1,011

2,306

1,643

2,650

4,478

3,844

4,236

Cash at the Beginning of Period

- -

13

20

30

47

134

201

58

111

268

111

171

237

219

184

190

259

421

773

946

886

999

750

990

1,425

835

1,117

877

1,011

2,306

1,643

2,650

4,478

3,844

Free Cash Flow

- -

39

42

67

69

93

114

143

152

175

144

292

415

372

298

394

621

681

844

1,307

1,169

998

943

1,333

1,229

963

1,139

1,285

1,996

2,735

3,763

4,027

5,308

6,882

7,396

SEC Link

Link

Forex Rate

- -

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