2014 Q2 Form 10-Q Financial Statement

#000079634314000046 Filed on June 25, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $1.068B $1.011B
YoY Change 5.71% -10.13%
Cost Of Revenue $154.9M $135.3M
YoY Change 14.51% 3.33%
Gross Profit $913.3M $875.3M
YoY Change 4.35% -11.9%
Gross Profit Margin 85.5% 86.61%
Selling, General & Admin $556.0M $523.1M
YoY Change 6.29% 5.23%
% of Gross Profit 60.87% 59.76%
Research & Development $209.1M $203.1M
YoY Change 2.95% 12.27%
% of Gross Profit 22.89% 23.2%
Depreciation & Amortization $77.70M $80.90M
YoY Change -3.96% 4.93%
% of Gross Profit 8.51% 9.24%
Operating Expenses $778.0M $764.0M
YoY Change 1.84% 10.98%
Operating Profit $135.3M $111.3M
YoY Change 21.52% -63.52%
Interest Expense $17.10M $17.21M
YoY Change -0.59% 3.46%
% of Operating Profit 12.64% 15.46%
Other Income/Expense, Net -$13.99M -$20.18M
YoY Change -30.7% 90.95%
Pretax Income $121.3M $91.13M
YoY Change 33.08% -69.06%
Income Tax $32.74M $14.58M
% Of Pretax Income 27.0% 16.0%
Net Earnings $88.53M $76.55M
YoY Change 15.65% -65.81%
Net Earnings / Revenue 8.29% 7.57%
Basic Earnings Per Share $0.18 $0.15
Diluted Earnings Per Share $0.17 $0.15
COMMON SHARES
Basic Shares Outstanding 497.9M shares 503.4M shares
Diluted Shares Outstanding 506.7M shares 512.4M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.330B $3.866B
YoY Change -13.86% 28.95%
Cash & Equivalents $817.0M $1.246B
Short-Term Investments $2.513B $2.619B
Other Short-Term Assets $253.0M $222.0M
YoY Change 13.96% -8.64%
Inventory
Prepaid Expenses
Receivables $531.6M $470.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.114B $4.558B
YoY Change -9.73% 20.87%
LONG-TERM ASSETS
Property, Plant & Equipment $642.5M $645.9M
YoY Change -0.53% 12.61%
Goodwill $4.774B $4.225B
YoY Change 12.98% 2.48%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $102.1M $93.17M
YoY Change 9.53% 2.3%
Total Long-Term Assets $6.258B $5.723B
YoY Change 9.35% 2.28%
TOTAL ASSETS
Total Short-Term Assets $4.114B $4.558B
Total Long-Term Assets $6.258B $5.723B
Total Assets $10.37B $10.28B
YoY Change 0.89% 9.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $54.86M $53.69M
YoY Change 2.18% -22.66%
Accrued Expenses $656.9M $538.4M
YoY Change 22.02% -2.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $610.0M $20.00M
YoY Change 2950.0% 122.22%
Total Short-Term Liabilities $2.218B $1.265B
YoY Change 75.35% 1.54%
LONG-TERM LIABILITIES
Long-Term Debt $897.0M $1.506B
YoY Change -40.44% 0.33%
Other Long-Term Liabilities $73.71M $73.45M
YoY Change 0.36% 54.18%
Total Long-Term Liabilities $73.71M $73.45M
YoY Change 0.36% 54.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.218B $1.265B
Total Long-Term Liabilities $73.71M $73.45M
Total Liabilities $3.735B $3.353B
YoY Change 11.4% 2.66%
SHAREHOLDERS EQUITY
Retained Earnings $6.806B $6.855B
YoY Change -0.72% 2.76%
Common Stock $61.00K $61.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.779B $3.146B
YoY Change 20.12% -9.59%
Treasury Stock Shares 103.6M shares 97.78M shares
Shareholders Equity $6.637B $6.927B
YoY Change
Total Liabilities & Shareholders Equity $10.37B $10.28B
YoY Change 0.89% 9.76%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $88.53M $76.55M
YoY Change 15.65% -65.81%
Depreciation, Depletion And Amortization $77.70M $80.90M
YoY Change -3.96% 4.93%
Cash From Operating Activities $367.5M $299.2M
YoY Change 22.83% -33.24%
INVESTING ACTIVITIES
Capital Expenditures -$27.20M -$46.20M
YoY Change -41.13% -24.01%
Acquisitions
YoY Change
Other Investing Activities -$120.8M -$288.2M
YoY Change -58.08% 229.37%
Cash From Investing Activities -$148.0M -$334.5M
YoY Change -55.75% 125.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -135.9M -22.60M
YoY Change 501.33% -84.81%
NET CHANGE
Cash From Operating Activities 367.5M 299.2M
Cash From Investing Activities -148.0M -334.5M
Cash From Financing Activities -135.9M -22.60M
Net Change In Cash 83.60M -57.90M
YoY Change -244.39% -138.32%
FREE CASH FLOW
Cash From Operating Activities $367.5M $299.2M
Capital Expenditures -$27.20M -$46.20M
Free Cash Flow $394.7M $345.4M
YoY Change 14.27% -32.14%

Facts In Submission

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5000000 USD
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
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--11-28
dei Document Fiscal Period Focus
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Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-05-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000796343
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
497375239 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
ADOBE SYSTEMS INC
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0000796343-14-000046-index-headers.html Edgar Link pending
0000796343-14-000046-index.html Edgar Link pending
0000796343-14-000046.txt Edgar Link pending
0000796343-14-000046-xbrl.zip Edgar Link pending
adbe-20140530.xml Edgar Link completed
adbe-20140530.xsd Edgar Link pending
adbe-20140530_cal.xml Edgar Link unprocessable
adbe-20140530_def.xml Edgar Link unprocessable
adbe-20140530_lab.xml Edgar Link unprocessable
adbe-20140530_pre.xml Edgar Link unprocessable
adbe10qq214.htm Edgar Link pending
adbe10qq214unofficialpdf.pdf Edgar Link pending
adbeex311q214.htm Edgar Link pending
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adbequickcertback.jpg Edgar Link pending
adbequickcertfront.jpg Edgar Link pending
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