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10-Q Filing

ADOBE INC. CIK: 796343 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000796343-18-000065
Period End Date 20180228
Filing Date 20180328
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance adbe-20180302.xml
Filing Contents
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Allowances for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $9.15M USD Point-in-time
Allowances for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $9.28M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.01B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.07B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.67B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.31B USD Point-in-time
Short-term investments ShortTermInvestments $3.48B USD Point-in-time
Short-term investments ShortTermInvestments $3.51B USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 2.00M shares Point-in-time
Trade receivables, net of allowances for doubtful accounts of $9,284 and $9,151, respectively AccountsReceivableNetCurrent $1.06B USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 2.00M shares Point-in-time
Trade receivables, net of allowances for doubtful accounts of $9,284 and $9,151, respectively AccountsReceivableNetCurrent $1.22B USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $210.07M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $270.15M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Total current assets AssetsCurrent $7.48B USD Point-in-time
Total current assets AssetsCurrent $7.25B USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 900.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 900.00M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $936.98M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $991.67M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 600.83M shares Point-in-time
Goodwill Goodwill $5.84B USD Point-in-time
Goodwill Goodwill $5.82B USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 600.83M shares Point-in-time
Purchased and other intangibles, net FiniteLivedIntangibleAssetsNet $385.66M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 492.88M shares Point-in-time
Purchased and other intangibles, net FiniteLivedIntangibleAssetsNet $353.74M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 491.26M shares Point-in-time
Treasury stock, shares TreasuryStockCommonShares 107.95M shares Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet - USD Point-in-time
Treasury stock, shares TreasuryStockCommonShares 109.57M shares Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $149.71M USD Point-in-time
Other assets OtherAssetsNoncurrent $143.55M USD Point-in-time
Other assets OtherAssetsNoncurrent $153.65M USD Point-in-time
Total assets Assets $14.97B USD Point-in-time
Total assets Assets $14.54B USD Point-in-time
Trade payables AccountsPayableCurrent $131.09M USD Point-in-time
Trade payables AccountsPayableCurrent $113.54M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $911.04M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $993.77M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $10.59M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $14.20M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $2.48B USD Point-in-time
Deferred revenue DeferredRevenueCurrent $2.41B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.53B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.54B USD Point-in-time
Debt LongTermDebt $1.88B USD Point-in-time
Debt LongTermDebt $1.87B USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $88.59M USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $88.46M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $690.47M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $173.09M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $279.94M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent - USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $125.19M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $149.27M USD Point-in-time
Total liabilities Liabilities $6.34B USD Point-in-time
Total liabilities Liabilities $6.08B USD Point-in-time
Preferred stock, $0.0001 par value; 2,000 shares authorized, none issued PreferredStockValue - USD Point-in-time
Preferred stock, $0.0001 par value; 2,000 shares authorized, none issued PreferredStockValue - USD Point-in-time
Common stock, $0.0001 par value; 900,000 shares authorized; 600,834 shares issued; 492,880 and 491,262 shares outstanding, respectively CommonStockValue $61.00K USD Point-in-time
Common stock, $0.0001 par value; 900,000 shares authorized; 600,834 shares issued; 492,880 and 491,262 shares outstanding, respectively CommonStockValue $61.00K USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $5.08B USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $5.21B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $9.83B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $9.57B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-111.82M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-109.94M USD Point-in-time
Treasury stock, at cost (107,954 and 109,572 shares, respectively), net of reissuances TreasuryStockValue $6.30B USD Point-in-time
Treasury stock, at cost (107,954 and 109,572 shares, respectively), net of reissuances TreasuryStockValue $6.08B USD Point-in-time
Total stockholders equity StockholdersEquity $8.46B USD Point-in-time
Total stockholders equity StockholdersEquity $8.63B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $14.54B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $14.97B USD Point-in-time
Income Statement 52 line items
Line Item Tag Value Unit Period
Subscription SubscriptionRevenue $1.79B USD 1 Quarter
Subscription SubscriptionRevenue $1.38B USD 1 Quarter
Product SalesRevenueGoodsNet $183.38M USD 1 Quarter
Product SalesRevenueGoodsNet $171.61M USD 1 Quarter
Services and support SalesRevenueServicesNet $114.41M USD 1 Quarter
Services and support SalesRevenueServicesNet $113.98M USD 1 Quarter
Total revenue Revenues $2.08B USD 1 Quarter
Total revenue Revenues $1.68B USD 1 Quarter
Subscription CostOfGoodsSoldSubscription $141.18M USD 1 Quarter
Subscription CostOfGoodsSoldSubscription $164.69M USD 1 Quarter
Product CostOfGoodsSold $14.33M USD 1 Quarter
Product CostOfGoodsSold $12.88M USD 1 Quarter
Services and support CostOfServices $81.82M USD 1 Quarter
Services and support CostOfServices $81.34M USD 1 Quarter
Total cost of revenue CostOfRevenue $237.34M USD 1 Quarter
Total cost of revenue CostOfRevenue $258.90M USD 1 Quarter
Gross profit GrossProfit $1.44B USD 1 Quarter
Gross profit GrossProfit $1.82B USD 1 Quarter
Research and development ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost $348.77M USD 1 Quarter
Research and development ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost $285.08M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $580.96M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $520.30M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $150.81M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $170.44M USD 1 Quarter
Amortization of purchased intangibles OperatingExpensesAmortizationOfPurchasedIntangibles $19.13M USD 1 Quarter
Amortization of purchased intangibles OperatingExpensesAmortizationOfPurchasedIntangibles $17.15M USD 1 Quarter
Total operating expenses OperatingExpenses $975.31M USD 1 Quarter
Total operating expenses OperatingExpenses $1.12B USD 1 Quarter
Operating income OperatingIncomeLoss $702.73M USD 1 Quarter
Operating income OperatingIncomeLoss $469.00M USD 1 Quarter
Interest and other income (expense), net OtherNonoperatingIncome $7.21M USD 1 Quarter
Interest and other income (expense), net OtherNonoperatingIncome $16.67M USD 1 Quarter
Interest expense InterestExpense $19.90M USD 1 Quarter
Interest expense InterestExpense $18.13M USD 1 Quarter
Investment gains (losses), net GainLossOnInvestments $2.56M USD 1 Quarter
Investment gains (losses), net GainLossOnInvestments $3.00M USD 1 Quarter
Total non-operating income (expense), net NonoperatingIncomeExpense $-8.37M USD 1 Quarter
Total non-operating income (expense), net NonoperatingIncomeExpense $-231.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $460.63M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $702.50M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $62.19M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $119.43M USD 1 Quarter
Net income NetIncomeLoss $398.45M USD 1 Quarter
Net income NetIncomeLoss $583.08M USD 1 Quarter
Basic net income per share EarningsPerShareBasic $0.81 USD 1 Quarter
Basic net income per share EarningsPerShareBasic $1.18 USD 1 Quarter
Shares used to compute basic net income per share WeightedAverageNumberOfSharesOutstandingBasic 492.06M shares 1 Quarter
Shares used to compute basic net income per share WeightedAverageNumberOfSharesOutstandingBasic 494.61M shares 1 Quarter
Diluted net income per share EarningsPerShareDiluted $1.17 USD 1 Quarter
Diluted net income per share EarningsPerShareDiluted $0.80 USD 1 Quarter
Shares used to compute diluted net income per share WeightedAverageNumberOfDilutedSharesOutstanding 499.43M shares 1 Quarter
Shares used to compute diluted net income per share WeightedAverageNumberOfDilutedSharesOutstanding 500.86M shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $398.45M USD 1 Quarter
Net income NetIncomeLoss $583.08M USD 1 Quarter
Depreciation, amortization and accretion DepreciationDepletionAndAmortization $76.52M USD 1 Quarter
Depreciation, amortization and accretion DepreciationDepletionAndAmortization $80.81M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $98.31M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $130.49M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-431.49M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $60.31M USD 1 Quarter
Unrealized losses (gains) on investments, net UnrealizedGainLossOnInvestments $929.00K USD 1 Quarter
Unrealized losses (gains) on investments, net UnrealizedGainLossOnInvestments $1.02M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $-115.00K USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $-1.46M USD 1 Quarter
Trade receivables, net IncreaseDecreaseInReceivables $-184.25M USD 1 Quarter
Trade receivables, net IncreaseDecreaseInReceivables $-154.40M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $10.76M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $64.95M USD 1 Quarter
Trade payables IncreaseDecreaseInAccountsPayable $32.82M USD 1 Quarter
Trade payables IncreaseDecreaseInAccountsPayable $17.55M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-92.11M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-65.47M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $511.29M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-61.64M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $77.66M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $40.83M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $730.37M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $989.60M USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireShortTermInvestments $476.01M USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireShortTermInvestments $332.11M USD 1 Quarter
Maturities of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments $153.88M USD 1 Quarter
Maturities of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments $219.09M USD 1 Quarter
Proceeds from sales of short-term investments ProceedsFromSaleOfShortTermInvestments $426.24M USD 1 Quarter
Proceeds from sales of short-term investments ProceedsFromSaleOfShortTermInvestments $186.11M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $459.63M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $30.90M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $95.14M USD 1 Quarter
Purchases of long-term investments and other assets PaymentsToAcquireLongtermInvestments $18.22M USD 1 Quarter
Purchases of long-term investments and other assets PaymentsToAcquireLongtermInvestments $9.39M USD 1 Quarter
Proceeds from sale of long-term investments and other assets ProceedsFromSaleOfAvailableForSaleSecuritiesEquity $545.00K USD 1 Quarter
Proceeds from sale of long-term investments and other assets ProceedsFromSaleOfAvailableForSaleSecuritiesEquity $2.88M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-93.76M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-338.88M USD 1 Quarter
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $200.00M USD 1 Quarter
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $300.00M USD 1 Quarter
Proceeds from issuance of treasury stock ProceedsFromSaleOfTreasuryStock $51.79M USD 1 Quarter
Proceeds from issuance of treasury stock ProceedsFromSaleOfTreasuryStock $64.38M USD 1 Quarter
Taxes paid related to net share settlement of equity awards CostOfIssuanceOfTreasuryStock $305.35M USD 1 Quarter
Taxes paid related to net share settlement of equity awards CostOfIssuanceOfTreasuryStock $183.01M USD 1 Quarter
Repayment of capital lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $268.00K USD 1 Quarter
Repayment of capital lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $304.00K USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-331.50M USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-541.27M USD 1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-2.41M USD 1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $6.34M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $57.58M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $360.91M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $1.01B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $1.07B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.67B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.31B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.01B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.07B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.67B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.31B USD Point-in-time
Cash paid for income taxes, net of refunds IncomeTaxesPaidNet $27.25M USD 1 Quarter
Cash paid for income taxes, net of refunds IncomeTaxesPaidNet $31.11M USD 1 Quarter
Cash paid for interest InterestPaidNet $26.41M USD 1 Quarter
Cash paid for interest InterestPaidNet $24.89M USD 1 Quarter
Issuance of common stock and stock awards assumed in business acquisitions EquityAwardsAssumedForAcquisition $10.35M USD 1 Quarter
Issuance of common stock and stock awards assumed in business acquisitions EquityAwardsAssumedForAcquisition - USD 1 Quarter
Comprehensive Income 20 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $398.45M USD 1 Quarter
Net income NetIncomeLoss $583.08M USD 1 Quarter
Unrealized gains / losses on available-for-sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $1.02M USD 1 Quarter
Unrealized gains / losses on available-for-sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-23.15M USD 1 Quarter
Reclassification adjustment for recognized gains / losses on available-for-sale securities OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $-121.00K USD 1 Quarter
Reclassification adjustment for recognized gains / losses on available-for-sale securities OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $160.00K USD 1 Quarter
Net increase (decrease) from available-for-sale securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-23.03M USD 1 Quarter
Net increase (decrease) from available-for-sale securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $864.00K USD 1 Quarter
Unrealized gains / losses on derivative instruments OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-1.34M USD 1 Quarter
Unrealized gains / losses on derivative instruments OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $6.71M USD 1 Quarter
Reclassification adjustment for recognized gains / losses on derivative instruments OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $2.14M USD 1 Quarter
Reclassification adjustment for recognized gains / losses on derivative instruments OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $18.18M USD 1 Quarter
Net increase (decrease) from derivatives designated as hedging instruments OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-3.48M USD 1 Quarter
Net increase (decrease) from derivatives designated as hedging instruments OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-11.47M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $28.39M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.20M USD 1 Quarter
Other comprehensive income (loss), net of taxes OtherComprehensiveIncomeLossNetOfTax $-11.81M USD 1 Quarter
Other comprehensive income (loss), net of taxes OtherComprehensiveIncomeLossNetOfTax $1.88M USD 1 Quarter
Total comprehensive income, net of taxes ComprehensiveIncomeNetOfTax $584.96M USD 1 Quarter
Total comprehensive income, net of taxes ComprehensiveIncomeNetOfTax $386.64M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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