Cash flow Adobe Inc.

Equities

ADBE

US00724F1012

Software

Market Closed - Nasdaq Other stock markets 21:00:00 10/09/2024 BST			5-day change	1st Jan Change
574.48 ^USD	+0.81%		+0.60%	-3.71%

09-10	Tech firm executives to testify before US Senate about election threats, Axios reports	RE
09-10	Adobe Could Return to Mid-Teens Growth Due to Generative AI, Morgan Stanley Says	MT

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Published financial data: ADOBE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	11.17B	12.87B	15.78B	17.61B	19.41B
Total Revenues	11.17B	12.87B	15.78B	17.61B	19.41B
Cost of Goods Sold, Total	1.67B	1.72B	1.86B	2.16B	2.35B
Gross Profit	9.5B	11.15B	13.92B	15.44B	17.06B
Selling General & Admin Expenses, Total	4.12B	4.56B	5.41B	6.19B	6.76B
R&D Expenses	1.93B	2.19B	2.54B	2.99B	3.47B
Amortization of Goodwill and Intangible Assets - (IS)	175M	162M	172M	169M	168M
Other Operating Expenses, Total	6.23B	6.91B	8.12B	9.34B	10.4B
Operating Income	3.27B	4.24B	5.8B	6.1B	6.65B
Interest Expense, Total	-157M	-116M	-113M	-112M	-113M
Interest And Investment Income	68.32M	43M	17M	61M	269M
Net Interest Expenses	-88.89M	-73M	-96M	-51M	156M
Currency Exchange Gains (Loss)	-26.25M	-2M	-17M	-21M	-17M
Other Non Operating Income (Expenses)	310K	-	-	1M	1M
EBT, Excl. Unusual Items	3.15B	4.16B	5.69B	6.03B	6.79B
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	51.46M	14M	16M	-19M	9M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	3.2B	4.18B	5.7B	6.01B	6.8B
Income Tax Expense	253M	-1.08B	883M	1.25B	1.37B
Earnings From Continuing Operations	2.95B	5.26B	4.82B	4.76B	5.43B
Net Income to Company	2.95B	5.26B	4.82B	4.76B	5.43B
Net Income - (IS)	2.95B	5.26B	4.82B	4.76B	5.43B
Net Income to Common Incl Extra Items	2.95B	5.26B	4.82B	4.76B	5.43B
Net Income to Common Excl. Extra Items	2.95B	5.26B	4.82B	4.76B	5.43B
Per Share Items
Net EPS - Basic	6.07	10.94	10.1	10.13	11.87
Basic EPS - Continuing Operations	6.07	10.94	10.1	10.13	11.87
Basic Weighted Average Shares Outstanding	486M	481M	477M	470M	457M
Net EPS - Diluted	6	10.83	10.02	10.1	11.82
Diluted EPS - Continuing Operations	6	10.83	10.02	10.1	11.82
Diluted Weighted Average Shares Outstanding	492M	486M	481M	471M	459M
Normalized Basic EPS	4.05	5.41	7.45	8.02	9.28
Normalized Diluted EPS	4.01	5.36	7.39	8	9.24
American Depositary Receipts Ratio (ADR)	0.02	0.02	0.02	0.02	0.02
Supplemental Items
EBITDA	3.83B	4.81B	6.38B	6.72B	7.27B
EBITA	3.67B	4.6B	6.16B	6.5B	7.02B
EBIT	3.27B	4.24B	5.8B	6.1B	6.65B
EBITDAR	4B	4.93B	6.5B	6.84B	7.38B
Total Revenues (As Reported)	11.17B	12.87B	15.78B	17.61B	19.41B
Effective Tax Rate - (Ratio)	7.9	-25.96	15.48	20.84	20.16
Current Domestic Taxes	37.46M	198M	494M	597M	1.46B
Current Foreign Taxes	211M	222M	197M	329M	335M
Total Current Taxes	249M	420M	691M	926M	1.79B
Deferred Domestic Taxes	16.33M	-191M	-167M	-34M	-649M
Deferred Foreign Taxes	-11.68M	-1.31B	359M	360M	227M
Total Deferred Taxes	4.65M	-1.5B	192M	326M	-422M
Normalized Net Income	1.97B	2.6B	3.56B	3.77B	4.24B
Interest on Long-Term Debt	157M	116M	113M	112M	113M
Supplemental Operating Expense Items
Advertising Expense	221M	362M	540M	1.04B	970M
Selling and Marketing Expenses	3.24B	3.59B	4.32B	4.97B	5.35B
General and Administrative Expenses	881M	968M	1.08B	1.22B	1.41B
Research And Development Expense From Footnotes	1.93B	2.19B	2.54B	2.99B	3.47B
Net Rental Expense, Total	170M	119M	119M	121M	117M
Imputed Operating Lease Interest Expense	51.84M	24.97M	22.93M	23.3M	24.28M
Imputed Operating Lease Depreciation	119M	94.03M	96.07M	97.7M	92.72M
Stock-Based Comp., COGS (Total)	54.45M	61M	70M	97M	115M
Stock-Based Comp., R&D Exp. (Total)	375M	467M	549M	726M	874M
Stock-Based Comp., S&M Exp. (Total)	249M	261M	307M	417M	495M
Stock-Based Comp., G&A Exp. (Total)	109M	120M	164M	200M	234M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	788M	909M	1.09B	1.44B	1.72B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.65B	4.48B	3.84B	4.24B	7.14B
Short Term Investments	1.53B	1.51B	1.95B	1.86B	701M
Total Cash And Short Term Investments	4.18B	5.99B	5.8B	6.1B	7.84B
Accounts Receivable, Total	1.53B	1.4B	1.88B	2.06B	2.22B
Total Receivables	1.53B	1.4B	1.88B	2.06B	2.22B
Prepaid Expenses	595M	563M	690M	561M	732M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	188M	193M	303M	274M	286M
Total Current Assets	6.49B	8.15B	8.67B	9B	11.08B
Gross Property Plant And Equipment	2.86B	3.46B	3.57B	3.88B	4.12B
Accumulated Depreciation	-1.57B	-1.46B	-1.45B	-1.57B	-1.73B
Net Property Plant And Equipment	1.29B	2B	2.12B	2.32B	2.39B
Long-term Investments	-	-	-	-	-
Goodwill	10.69B	10.74B	12.67B	12.79B	12.8B
Other Intangibles, Total	1.72B	1.36B	1.82B	1.45B	1.09B
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	-	1.37B	1.08B	777M	1.19B
Deferred Charges Long-Term	315M	352M	406M	406M	422M
Other Long-Term Assets, Total	248M	311M	477M	435M	801M
Total Assets	20.76B	24.28B	27.24B	27.16B	29.78B
Liabilities
Accounts Payable, Total	209M	306M	312M	379M	314M
Accrued Expenses, Total	1.37B	1.29B	1.6B	1.67B	1.82B
Current Portion of Long-Term Debt	3.15B	-	-	500M	-
Current Portion of Leases	-	92M	97M	87M	73M
Current Income Taxes Payable	55.56M	63M	54M	75M	85M
Unearned Revenue Current, Total	3.38B	3.63B	4.73B	5.3B	5.84B
Other Current Liabilities	32.32M	131M	136M	121M	120M
Total Current Liabilities	8.19B	5.51B	6.93B	8.13B	8.25B
Long-Term Debt	989M	4.12B	4.12B	3.63B	3.63B
Long-Term Leases	-	499M	453M	417M	373M
Unearned Revenue Non Current	123M	130M	145M	117M	113M
Deferred Tax Liability Non Current	140M	10M	5M	-	-
Other Non Current Liabilities	789M	752M	786M	823M	890M
Total Liabilities	10.23B	11.02B	12.44B	13.11B	13.26B
Common Stock, Total	61K	-	-	-	-
Additional Paid In Capital	6.5B	7.36B	8.43B	9.87B	11.59B
Retained Earnings	14.83B	19.61B	23.9B	28.32B	33.35B
Treasury Stock	-10.62B	-13.55B	-17.4B	-23.84B	-28.13B
Comprehensive Income and Other	-188M	-158M	-137M	-293M	-285M
Total Common Equity	10.53B	13.26B	14.8B	14.05B	16.52B
Total Equity	10.53B	13.26B	14.8B	14.05B	16.52B
Total Liabilities And Equity	20.76B	24.28B	27.24B	27.16B	29.78B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	482M	479M	472M	458M	452M
ECS Total Common Shares Outstanding	482M	479M	475M	462M	455M
Book Value / Share	21.83	27.69	31.15	30.41	36.3
Tangible Book Value	-1.88B	1.16B	309M	-185M	2.62B
Tangible Book Value Per Share	-3.9	2.43	0.65	-0.4	5.77
Total Debt	4.14B	4.71B	4.67B	4.63B	4.08B
Net Debt	-38.5M	-1.28B	-1.12B	-1.46B	-3.76B
Debt Equivalent of Unfunded Proj. Benefit Obligation	108M	137M	174M	178M	222M
Debt Equivalent Oper. Leases	1.36B	952M	952M	968M	936M
Account Code - Inventory Valuation	3	3	3	-	3
Land - (BS)	145M	145M	145M	144M	163M
Buildings, Total	790M	901M	904M	902M	1.66B
Machinery, Total	1.57B	1.45B	1.4B	1.5B	1.66B
Full Time Employees	22.63K	22.52K	25.99K	29.24K	29.94K
Assets under Capital Lease - Gross	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	9.65M	21M	16M	23M	16M
Order Backlog	6.38B	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.95B	5.26B	4.82B	4.76B	5.43B
Depreciation & Amortization - CF	163M	204M	222M	213M	243M
Amortization of Goodwill and Intangible Assets - (CF)	402M	367M	354M	405M	375M
Depreciation & Amortization, Total	566M	571M	576M	618M	618M
Amortization of Deferred Charges, Total - (CF)	171M	186M	212M	238M	254M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-47.63M	-11M	-4M	29M	-10M
Stock-Based Compensation (CF)	788M	909M	1.07B	1.44B	1.72B
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	16.54M	-1.37B	263M	421M	-351M
Change In Accounts Receivable	-188M	106M	-430M	-198M	-159M
Change In Accounts Payable	23.13M	96M	-20M	66M	-49M
Change in Unearned Revenues	497M	258M	1.05B	536M	536M
Change In Income Taxes	4.15M	-72M	2M	19M	-11M
Change in Other Net Operating Assets	-359M	-202M	-313M	-87M	-672M
Cash from Operations	4.42B	5.73B	7.23B	7.84B	7.3B
Capital Expenditure	-394M	-419M	-348M	-442M	-360M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-101M	-	-2.68B	-126M	-
Investment in Marketable and Equity Securities, Total	39.6M	5M	-507M	-2M	1.14B
Cash from Investing	-456M	-414M	-3.54B	-570M	776M
Long-Term Debt Issued, Total	-	3.14B	-	-	-
Total Debt Issued	-	3.14B	-	-	-
Long-Term Debt Repaid, Total	-	-3.15B	-	-	-500M
Total Debt Repaid	-	-3.15B	-	-	-500M
Issuance of Common Stock	233M	270M	291M	278M	314M
Repurchase of Common Stock	-3.19B	-3.73B	-4.67B	-7.07B	-4.99B
Other Financing Activities, Total	11.01M	-21M	77M	-35M	-7M
Cash from Financing	-2.95B	-3.49B	-4.3B	-6.82B	-5.18B
Foreign Exchange Rate Adjustments	-12.74M	3M	-26M	-51M	9M
Net Change in Cash	1.01B	1.83B	-634M	392M	2.9B
Supplemental Items
Cash Interest Paid	152M	88M	100M	103M	106M
Cash Income Tax Paid (Refund)	352M	469M	843M	778M	1.85B
Levered Free Cash Flow	3.12B	4.36B	5.78B	6.27B	6.61B
Unlevered Free Cash Flow	3.22B	4.44B	5.85B	6.34B	6.68B
Change In Net Working Capital	-50.39M	-542M	-698M	-677M	-295M
Net Debt Issued / Repaid	-	-6M	-	-	-500M

Fiscal Period: December	2016	2019	2020	2021	2022	2023
Profitability
Return on Assets		10.33	11.76	14.08	14.01	14.6
Return on Total Capital		14.5	16.23	19.37	19.98	21.16
Return On Equity %		29.67	44.21	34.37	32.97	35.51
Return on Common Equity		29.67	44.21	34.37	32.97	35.51
Margin Analysis
Gross Profit Margin %		85.03	86.62	88.18	87.7	87.87
SG&A Margin		36.92	35.43	34.25	35.14	34.85
EBITDA Margin %		34.32	37.36	40.41	38.15	37.45
EBITA Margin %		32.86	35.78	39	36.94	36.19
EBIT Margin %		29.25	32.93	36.76	34.64	34.26
Income From Continuing Operations Margin %		26.42	40.88	30.55	27.01	27.97
Net Income Margin %		26.42	40.88	30.55	27.01	27.97
Net Avail. For Common Margin %		26.42	40.88	30.55	27.01	27.97
Normalized Net Income Margin		17.64	20.21	22.53	21.4	21.86
Levered Free Cash Flow Margin		27.97	33.92	36.64	35.63	34.06
Unlevered Free Cash Flow Margin		28.85	34.48	37.09	36.02	34.42
Asset Turnover
Asset Turnover		0.57	0.57	0.61	0.65	0.68
Fixed Assets Turnover		9.43	7.81	7.66	7.95	8.25
Receivables Turnover (Average Receivables)		7.84	8.77	9.64	8.93	9.05
Short Term Liquidity
Current Ratio		0.79	1.48	1.25	1.11	1.34
Quick Ratio		0.7	1.34	1.11	1	1.22
Operating Cash Flow to Current Liabilities		0.54	1.04	1.04	0.96	0.88
Days Sales Outstanding (Average Receivables)		46.44	41.48	38.5	40.76	40.22
Average Days Payable Outstanding	<