Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Adobe.
Income Statement
| Breakdown | December 01, 2023 | December 02, 2022 | December 03, 2021 | November 27, 2020 | November 29, 2019 | November 30, 2018 | December 01, 2017 | December 02, 2016 | November 27, 2015 | November 28, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.41B | $17.61B | $15.79B | $12.87B | $11.17B | $9.03B | $7.30B | $5.85B | $4.80B | $4.15B |
| Cost of Revenue | $2.35B | $2.17B | $1.86B | $1.72B | $1.67B | $1.19B | $1.01B | $819.91M | $744.32M | $622.08M |
| Gross Profit | $17.05B | $15.44B | $13.92B | $11.15B | $9.50B | $7.84B | $6.29B | $5.03B | $4.05B | $3.52B |
| Gross Profit Ratio | 87.87% | 87.70% | 88.18% | 86.62% | 85.03% | 86.77% | 86.16% | 86.00% | 84.48% | 85.00% |
| Research and Development Expenses | $3.47B | $2.99B | $2.54B | $2.19B | $1.93B | $1.54B | $1.22B | $975.99M | $862.73M | $844.35M |
| General and Administrative Expenses | $1.41B | $1.22B | $1.08B | $968.00M | $880.64M | $744.90M | $624.71M | $577.71M | $531.92M | $543.33M |
| Selling and Marketing Expenses | $5.35B | $4.97B | $4.32B | $3.59B | $3.24B | $2.62B | $2.20B | $1.91B | $1.68B | $1.67B |
| Selling General and Administrative Expenses | $6.76B | $6.19B | $5.41B | $4.56B | $4.12B | $3.37B | $2.82B | $2.49B | $2.22B | $2.22B |
| Other Expenses | $246.00M | $169.00M | $172.00M | $162.00M | $175.24M | $258.00K | $83.00K | $29.00K | $22.32M | $825.00K |
| Operating Expenses | $10.40B | $9.34B | $8.12B | $6.91B | $6.23B | $4.99B | $4.12B | $3.54B | $3.15B | $3.09B |
| Cost and Expenses | $12.76B | $11.51B | $9.98B | $8.63B | $7.90B | $6.19B | $5.13B | $4.36B | $3.89B | $3.71B |
| Interest Income | $269.00M | $61.00M | $17.00M | $43.00M | $42.26M | $92.54M | $66.07M | $47.34M | $28.76M | $21.36M |
| Interest Expense | $113.00M | $112.00M | $113.00M | $116.00M | $157.21M | $89.24M | $74.40M | $70.44M | $64.18M | $59.73M |
| Depreciation and Amortization | $944.00M | $939.00M | $861.00M | $844.00M | $736.67M | $346.49M | $326.00M | $331.54M | $339.47M | $313.59M |
| EBITDA | $7.77B | $7.00B | $6.59B | $5.04B | $3.94B | $3.23B | $2.54B | $1.84B | $1.28B | $734.70M |
| EBITDA Ratio | 40.02% | 39.73% | 41.75% | 39.14% | 35.23% | 35.77% | 34.76% | 31.38% | 26.64% | 17.72% |
| Operating Income | $6.65B | $6.10B | $5.80B | $4.24B | $3.27B | $2.84B | $2.17B | $1.49B | $903.10M | $412.69M |
| Operating Income Ratio | 34.26% | 34.64% | 36.76% | 32.93% | 29.25% | 31.45% | 29.69% | 25.51% | 18.83% | 9.95% |
| Total Other Income Expenses Net | $262.00M | $-90.00M | $-97.00M | $-61.00M | $-63.38M | $-46.49M | $-30.45M | $-58.46M | $-29.31M | $-51.31M |
| Income Before Tax | $6.80B | $6.01B | $5.71B | $4.18B | $3.20B | $2.79B | $2.14B | $1.44B | $873.78M | $361.38M |
| Income Before Tax Ratio | 35.03% | 34.12% | 36.14% | 32.45% | 28.69% | 30.94% | 29.28% | 24.51% | 18.22% | 8.71% |
| Income Tax Expense | $1.37B | $1.25B | $883.00M | $-1.08B | $253.28M | $203.10M | $443.69M | $266.36M | $244.23M | $92.98M |
| Net Income | $5.43B | $4.76B | $4.82B | $5.26B | $2.95B | $2.59B | $1.69B | $1.17B | $629.55M | $253.55M |
| Net Income Ratio | 27.97% | 27.01% | 30.55% | 40.88% | 26.42% | 28.69% | 23.20% | 19.96% | 13.13% | 6.11% |
| EPS | $11.93 | $10.13 | $10.10 | $10.94 | $6.07 | $5.28 | $3.43 | $2.35 | $1.26 | $0.51 |
| EPS Diluted | $11.83 | $10.10 | $10.02 | $10.83 | $6.00 | $5.20 | $3.38 | $2.32 | $1.24 | $0.50 |
| Weighted Average Shares Outstanding | 457.00M | 470.00M | 477.00M | 481.00M | 486.29M | 490.56M | 493.63M | 498.35M | 498.76M | 497.87M |
| Weighted Average Shares Outstanding Diluted | 459.00M | 471.00M | 481.00M | 485.00M | 491.57M | 497.84M | 501.12M | 504.30M | 507.16M | 508.48M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 01, 2023 | December 02, 2022 | December 03, 2021 | November 27, 2020 | November 29, 2019 | November 30, 2018 | December 01, 2017 | December 02, 2016 | November 27, 2015 | November 28, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $7.14B | $4.24B | $3.84B | $4.48B | $2.65B | $1.64B | $2.31B | $1.01B | $876.56M | $1.12B |
| Short Term Investments | $701.00M | $1.86B | $1.95B | $1.51B | $1.53B | $1.59B | $3.51B | $3.75B | $3.11B | $2.62B |
| Cash and Short Term Investments | $7.84B | $6.10B | $5.80B | $5.99B | $4.18B | $3.23B | $5.82B | $4.76B | $3.99B | $3.74B |
| Net Receivables | $2.22B | $2.06B | $1.88B | $1.40B | $1.53B | $1.32B | $1.22B | $833.03M | $672.01M | $591.80M |
| Inventory | $- | $- | $- | $- | $- | $-0.00B | $-0.00B | $- | $- | $95.59M |
| Other Current Assets | $1.02B | $835.00M | $975.00M | $756.00M | $783.14M | $312.50M | $210.07M | $245.44M | $161.80M | $175.76M |
| Total Current Assets | $11.08B | $9.00B | $8.65B | $8.15B | $6.49B | $4.86B | $7.25B | $5.84B | $4.82B | $4.60B |
| Property Plant Equipment Net | $2.39B | $2.31B | $2.12B | $2.00B | $1.29B | $1.08B | $936.98M | $816.26M | $787.42M | $785.12M |
| Goodwill | $12.80B | $12.79B | $12.72B | $10.74B | $10.69B | $10.58B | $5.82B | $5.41B | $5.37B | $4.72B |
| Intangible Assets | $1.09B | $1.45B | $1.82B | $1.36B | $1.72B | $2.07B | $385.66M | $414.40M | $510.01M | $469.66M |
| Goodwill and Intangible Assets | $13.89B | $14.24B | $14.54B | $12.10B | $12.41B | $12.65B | $6.21B | $5.82B | $5.88B | $5.19B |
| Long Term Investments | $- | $- | $- | $- | $-140.50M | $-46.70M | $-279.94M | $80.44M | $80.44M | $80.44M |
| Tax Assets | $1.19B | $777.00M | $1.08B | $1.37B | $140.50M | $46.70M | $279.94M | $217.66M | $208.21M | $95.28M |
| Other Non-Current Assets | $1.22B | $841.00M | $848.00M | $663.00M | $562.70M | $186.52M | $143.55M | $-67.90M | $-48.38M | $31.04M |
| Total Non-Current Assets | $18.70B | $18.17B | $18.59B | $16.14B | $14.27B | $13.91B | $7.29B | $6.87B | $6.90B | $6.18B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $29.78B | $27.16B | $27.24B | $24.28B | $20.76B | $18.77B | $14.54B | $12.71B | $11.73B | $10.79B |
| Account Payables | $314.00M | $379.00M | $312.00M | $306.00M | $209.50M | $186.26M | $113.54M | $88.02M | $93.31M | $68.38M |
| Short Term Debt | $73.00M | $587.00M | $97.00M | $92.00M | $3.15B | $93.23M | $63.75M | $81.47M | $34.16M | $603.23M |
| Tax Payables | $85.00M | $75.00M | $54.00M | $63.00M | $55.56M | $35.71M | $14.20M | $38.36M | $6.17M | $20.46M |
| Deferred Revenue | $5.84B | $5.30B | $4.73B | $3.63B | $3.38B | $2.92B | $2.41B | $1.95B | $1.43B | $1.10B |
| Other Current Liabilities | $2.03B | $1.86B | $1.79B | $1.49B | $1.45B | $1.11B | $944.22M | $696.52M | $651.89M | $740.94M |
| Total Current Liabilities | $8.25B | $8.13B | $6.93B | $5.51B | $8.19B | $4.30B | $3.53B | $2.81B | $2.21B | $2.51B |
| Long Term Debt | $4.01B | $4.05B | $4.58B | $4.62B | $988.92M | $4.12B | $1.88B | $1.90B | $1.91B | $911.09M |
| Deferred Revenue Non-Current | $113.00M | $117.00M | $145.00M | $130.00M | $122.73M | $137.63M | $88.59M | $69.13M | $51.09M | $57.40M |
| Deferred Tax Liabilities Non-Current | $514.00M | $28.00M | $5.00M | $10.00M | $140.50M | $46.70M | $279.94M | $217.66M | $208.21M | $341.61M |
| Other Non-Current Liabilities | $376.00M | $795.00M | $786.00M | $752.00M | $789.16M | $796.31M | $298.28M | $281.79M | $344.80M | $204.69M |
| Total Non-Current Liabilities | $5.01B | $4.99B | $5.51B | $5.51B | $2.04B | $5.11B | $2.55B | $2.47B | $2.51B | $1.51B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $13.26B | $13.11B | $12.44B | $11.02B | $10.23B | $9.41B | $6.08B | $5.28B | $4.72B | $4.03B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $- | $- | $61.00K | $61.00K | $61.00K | $61.00K | $61.00K | $61.00K |
| Retained Earnings | $33.35B | $28.32B | $23.91B | $19.61B | $14.83B | $11.82B | $9.57B | $8.11B | $7.25B | $6.91B |
| Accumulated Other Comprehensive Income Loss | $-285.00M | $-293.00M | $-137.00M | $-158.00M | $-188.03M | $-148.13M | $-111.82M | $-173.60M | $-169.08M | $-8.09M |
| Other Total Stockholders Equity | $-16.54B | $-13.97B | $-8.97B | $-6.19B | $-4.11B | $-2.31B | $-1.00B | $-516.14M | $-82.83M | $-140.54M |
| Total Stockholders Equity | $16.52B | $14.05B | $14.80B | $13.26B | $10.53B | $9.36B | $8.46B | $7.42B | $7.00B | $6.76B |
| Total Equity | $16.52B | $14.05B | $14.80B | $13.26B | $10.53B | $9.36B | $8.46B | $7.42B | $7.00B | $6.76B |
| Total Liabilities and Stockholders Equity | $29.78B | $27.16B | $27.24B | $24.28B | $20.76B | $18.77B | $14.54B | $12.71B | $11.73B | $10.79B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $29.78B | $27.16B | $27.24B | $24.28B | $20.76B | $18.77B | $14.54B | $12.71B | $11.73B | $10.79B |
| Total Investments | $701.00M | $1.86B | $1.95B | $1.51B | $1.53B | $1.59B | $3.51B | $3.83B | $3.19B | $2.70B |
| Total Debt | $4.08B | $4.63B | $4.67B | $4.71B | $4.14B | $4.12B | $1.88B | $1.90B | $1.91B | $1.51B |
| Net Debt | $-3.06B | $397.00M | $829.00M | $230.00M | $1.49B | $2.48B | $-424.65M | $890.75M | $1.03B | $396.92M |
Cash Flow Statement
| Breakdown | December 01, 2023 | December 02, 2022 | December 03, 2021 | November 27, 2020 | November 29, 2019 | November 30, 2018 | December 01, 2017 | December 02, 2016 | November 27, 2015 | November 28, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $5.43B | $4.76B | $4.82B | $5.26B | $2.95B | $2.59B | $1.69B | $1.17B | $629.55M | $253.55M |
| Depreciation and Amortization | $872.00M | $856.00M | $788.00M | $757.00M | $624.75M | $346.49M | $326.00M | $331.54M | $339.47M | $313.59M |
| Deferred Income Tax | $-426.00M | $328.00M | $183.00M | $-1.50B | $2.71M | $-468.94M | $51.60M | $24.22M | $-69.66M | $-26.09M |
| Stock Based Compensation | $1.72B | $1.44B | $1.07B | $909.00M | $787.71M | $603.47M | $451.45M | $349.91M | $335.84M | $333.69M |
| Change in Working Capital | $-355.00M | $336.00M | $285.00M | $186.00M | $105.03M | $487.77M | $446.94M | $346.36M | $195.26M | $386.90M |
| Accounts Receivables | $-159.00M | $-198.00M | $-430.00M | $106.00M | $-187.83M | $-1.98M | $-187.17M | $-160.42M | $-79.50M | $7.93M |
| Inventory | $208.00M | $- | $450.00M | $-202.00M | $164.70M | $445.80M | $232.36M | $166.70M | $56.63M | $-14.14M |
| Accounts Payables | $-49.00M | $66.00M | $-20.00M | $96.00M | $23.13M | $54.92M | $-45.19M | $-6.28M | $22.87M | $6.21M |
| Other Working Capital | $-355.00M | $468.00M | $285.00M | $186.00M | $105.03M | $-10.96M | $446.94M | $346.36M | $195.26M | $386.90M |
| Other Non Cash Items | $65.00M | $122.00M | $76.00M | $116.00M | $-50.33M | $469.73M | $-57.10M | $-21.08M | $39.03M | $26.02M |
| Net Cash Provided by Operating Activities | $7.30B | $7.84B | $7.22B | $5.73B | $4.42B | $4.03B | $2.91B | $2.20B | $1.47B | $1.29B |
| Investments in Property Plant and Equipment | $-360.00M | $-442.00M | $-330.00M | $-419.00M | $-333.98M | $-266.58M | $-178.12M | $-203.81M | $-184.94M | $-148.33M |
| Acquisitions Net | $-1.14B | $-126.00M | $-2.68B | $- | $-100.70M | $-6.31B | $-459.63M | $-48.43M | $-826.00M | $-29.80M |
| Purchases of Investments | $-53.00M | $-955.00M | $-1.57B | $-221.00M | $-243.19M | $-13.59M | $-57.86M | $-711.23M | $-691.14M | $-312.57M |
| Sales Maturities of Investments | $1.19B | $953.00M | $1.07B | $1.09B | $788.23M | $1.91B | $2.16B | $1.64B | $1.55B | $1.72B |
| Other Investing Activities | $1.14B | $-2.00M | $-507.00M | $-865.00M | $-565.43M | $1.90B | $-1.90B | $-1.63B | $-1.34B | $-1.72B |
| Net Cash Used for Investing Activities | $776.00M | $-570.00M | $-3.52B | $-414.00M | $-455.08M | $-4.69B | $-442.88M | $-960.03M | $-1.49B | $-490.71M |
| Debt Repayment | $-500.00M | $- | $- | $-3.15B | $- | $-1.71M | $-1.96M | $-108.00K | $-602.19M | $-14.68M |
| Common Stock Issued | $314.00M | $278.00M | $291.00M | $270.00M | $232.93M | $190.99M | $158.35M | $145.70M | $164.27M | $227.84M |
| Common Stock Repurchased | $-4.40B | $-7.07B | $-3.95B | $-3.05B | $-2.75B | $-2.05B | $-1.10B | $-1.07B | $-625.00M | $-600.00M |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-596.00M | $243.00M | $-642.00M | $5.42B | $-428.98M | $4.10B | $-240.13M | $-86.73M | $1.76B | $-721.00K |
| Net Cash Used Provided by Financing Activities | $-5.18B | $-6.83B | $-4.30B | $-3.49B | $-2.95B | $-5.57M | $-1.18B | $-1.09B | $-200.69M | $-507.46M |
| Effect of Forex Changes on Cash | $9.00M | $-51.00M | $-37.00M | $3.00M | $-12.74M | $-1.74M | $8.52M | $-14.23M | $-21.30M | $-6.65M |
| Net Change in Cash | $2.90B | $392.00M | $-634.00M | $1.83B | $1.01B | $-663.30M | $1.29B | $134.75M | $-240.84M | $282.84M |
| Cash at End of Period | $7.14B | $4.24B | $3.84B | $4.48B | $2.65B | $1.64B | $2.31B | $1.01B | $876.56M | $1.12B |
| Cash at Beginning of Period | $4.24B | $3.84B | $4.48B | $2.65B | $1.64B | $2.31B | $1.01B | $876.56M | $1.12B | $834.56M |
| Operating Cash Flow | $7.30B | $7.84B | $7.22B | $5.73B | $4.42B | $4.03B | $2.91B | $2.20B | $1.47B | $1.29B |
| Capital Expenditure | $-360.00M | $-442.00M | $-330.00M | $-419.00M | $-333.98M | $-266.58M | $-178.12M | $-203.81M | $-184.94M | $-148.33M |
| Free Cash Flow | $6.94B | $7.40B | $6.89B | $5.31B | $4.09B | $3.76B | $2.73B | $2.00B | $1.28B | $1.14B |