2013 Q2 Form 10-Q Financial Statement

#000079634313000044 Filed on June 28, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $1.011B $1.124B
YoY Change -10.13% 9.9%
Cost Of Revenue $135.3M $130.9M
YoY Change 3.33% 19.89%
Gross Profit $875.3M $993.5M
YoY Change -11.9% 8.7%
Gross Profit Margin 86.61% 88.36%
Selling, General & Admin $523.1M $497.1M
YoY Change 5.23% 11.89%
% of Gross Profit 59.76% 50.03%
Research & Development $203.1M $180.9M
YoY Change 12.27% -1.26%
% of Gross Profit 23.2% 18.21%
Depreciation & Amortization $80.90M $77.10M
YoY Change 4.93% 15.77%
% of Gross Profit 9.24% 7.76%
Operating Expenses $764.0M $688.4M
YoY Change 10.98% 8.02%
Operating Profit $111.3M $305.1M
YoY Change -63.52% 10.27%
Interest Expense $17.21M $16.63M
YoY Change 3.46% -0.59%
% of Operating Profit 15.46% 5.45%
Other Income/Expense, Net -$20.18M -$10.57M
YoY Change 90.95% -39.54%
Pretax Income $91.13M $294.6M
YoY Change -69.06% 13.63%
Income Tax $14.58M $70.70M
% Of Pretax Income 16.0% 24.0%
Net Earnings $76.55M $223.9M
YoY Change -65.81% -2.42%
Net Earnings / Revenue 7.57% 19.91%
Basic Earnings Per Share $0.15 $0.45
Diluted Earnings Per Share $0.15 $0.45
COMMON SHARES
Basic Shares Outstanding 503.4M shares 496.0M shares
Diluted Shares Outstanding 512.4M shares 501.4M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.866B $2.998B
YoY Change 28.95% 14.17%
Cash & Equivalents $1.246B $951.2M
Short-Term Investments $2.619B $2.047B
Other Short-Term Assets $222.0M $243.0M
YoY Change -8.64% 24.62%
Inventory
Prepaid Expenses
Receivables $470.1M $529.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.558B $3.771B
YoY Change 20.87% 11.26%
LONG-TERM ASSETS
Property, Plant & Equipment $645.9M $573.6M
YoY Change 12.61% 23.77%
Goodwill $4.225B $4.123B
YoY Change 2.48% 11.62%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $93.17M $91.08M
YoY Change 2.3% -43.79%
Total Long-Term Assets $5.723B $5.595B
YoY Change 2.28% 13.02%
TOTAL ASSETS
Total Short-Term Assets $4.558B $3.771B
Total Long-Term Assets $5.723B $5.595B
Total Assets $10.28B $9.366B
YoY Change 9.76% 12.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $53.69M $69.42M
YoY Change -22.66% 14.67%
Accrued Expenses $538.4M $555.0M
YoY Change -2.99% 11.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $20.00M $9.000M
YoY Change 122.22% 0.0%
Total Short-Term Liabilities $1.265B $1.246B
YoY Change 1.54% 18.59%
LONG-TERM LIABILITIES
Long-Term Debt $1.506B $1.501B
YoY Change 0.33% -0.53%
Other Long-Term Liabilities $73.45M $47.64M
YoY Change 54.18% 7.47%
Total Long-Term Liabilities $73.45M $47.64M
YoY Change 54.18% 7.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.265B $1.246B
Total Long-Term Liabilities $73.45M $47.64M
Total Liabilities $3.353B $3.266B
YoY Change 2.66% 10.71%
SHAREHOLDERS EQUITY
Retained Earnings $6.855B $6.671B
YoY Change 2.76% 7.11%
Common Stock $61.00K $61.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.146B $3.479B
YoY Change -9.59% -0.75%
Treasury Stock Shares 97.78M shares 106.8M shares
Shareholders Equity $6.927B $6.100B
YoY Change
Total Liabilities & Shareholders Equity $10.28B $9.366B
YoY Change 9.76% 12.3%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $76.55M $223.9M
YoY Change -65.81% -2.42%
Depreciation, Depletion And Amortization $80.90M $77.10M
YoY Change 4.93% 15.77%
Cash From Operating Activities $299.2M $448.2M
YoY Change -33.24% 15.13%
INVESTING ACTIVITIES
Capital Expenditures -$46.20M -$60.80M
YoY Change -24.01% 62.13%
Acquisitions
YoY Change
Other Investing Activities -$288.2M -$87.50M
YoY Change 229.37% 34.62%
Cash From Investing Activities -$334.5M -$148.3M
YoY Change 125.56% 44.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.60M -148.8M
YoY Change -84.81% -59.34%
NET CHANGE
Cash From Operating Activities 299.2M 448.2M
Cash From Investing Activities -334.5M -148.3M
Cash From Financing Activities -22.60M -148.8M
Net Change In Cash -57.90M 151.1M
YoY Change -138.32% -290.78%
FREE CASH FLOW
Cash From Operating Activities $299.2M $448.2M
Capital Expenditures -$46.20M -$60.80M
Free Cash Flow $345.4M $509.0M
YoY Change -32.14% 19.26%

Facts In Submission

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us-gaap Cost Of Goods Sold Amortization
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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
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dei Document Period End Date
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dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
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CY2013Q2 dei Entity Common Stock Shares Outstanding
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dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
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Large Accelerated Filer
dei Entity Registrant Name
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ADOBE SYSTEMS INC
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

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