2016 Q3 Form 10-Q Financial Statement

#000079634316000395 Filed on September 27, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $1.464B $1.218B
YoY Change 20.22% 21.12%
Cost Of Revenue $202.7M $191.0M
YoY Change 6.13% 21.09%
Gross Profit $1.261B $1.027B
YoY Change 22.84% 21.13%
Gross Profit Margin 86.15% 84.32%
Selling, General & Admin $620.8M $544.6M
YoY Change 14.0% -0.65%
% of Gross Profit 49.22% 53.04%
Research & Development $248.5M $218.7M
YoY Change 13.62% 3.12%
% of Gross Profit 19.7% 21.3%
Depreciation & Amortization $84.00M $87.50M
YoY Change -4.0% 9.24%
% of Gross Profit 6.66% 8.52%
Operating Expenses $891.9M $780.8M
YoY Change 14.24% 0.94%
Operating Profit $369.3M $246.0M
YoY Change 50.12% 231.67%
Interest Expense $17.28M $16.52M
YoY Change 4.61% 23.64%
% of Operating Profit 4.68% 6.71%
Other Income/Expense, Net -$13.02M -$13.40M
YoY Change -2.81% 19.24%
Pretax Income $356.3M $232.6M
YoY Change 53.17% 269.6%
Income Tax $85.51M $58.15M
% Of Pretax Income 24.0% 25.0%
Net Earnings $270.8M $174.5M
YoY Change 55.21% 290.42%
Net Earnings / Revenue 18.5% 14.33%
Basic Earnings Per Share $0.54 $0.35
Diluted Earnings Per Share $0.54 $0.34
COMMON SHARES
Basic Shares Outstanding 498.6M shares 498.6M shares
Diluted Shares Outstanding 503.7M shares 505.8M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.446B $3.669B
YoY Change 21.18% 4.23%
Cash & Equivalents $767.7M $829.3M
Short-Term Investments $3.679B $2.839B
Other Short-Term Assets $241.0M $264.0M
YoY Change -8.71% 14.29%
Inventory
Prepaid Expenses
Receivables $731.2M $593.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.419B $4.526B
YoY Change 19.73% 5.76%
LONG-TERM ASSETS
Property, Plant & Equipment $811.5M $797.5M
YoY Change 1.76% 1.48%
Goodwill $5.433B $5.402B
YoY Change 0.57% 13.81%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $169.4M $145.6M
YoY Change 16.29% 32.04%
Total Long-Term Assets $6.949B $6.983B
YoY Change -0.48% 12.36%
TOTAL ASSETS
Total Short-Term Assets $5.419B $4.526B
Total Long-Term Assets $6.949B $6.983B
Total Assets $12.37B $11.51B
YoY Change 7.46% 9.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $83.44M $69.82M
YoY Change 19.51% 29.8%
Accrued Expenses $666.3M $658.3M
YoY Change 1.21% 4.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $2.506B $2.061B
YoY Change 21.59% -8.21%
LONG-TERM LIABILITIES
Long-Term Debt $1.917B $1.900B
YoY Change 0.89% 110.64%
Other Long-Term Liabilities $99.95M $83.99M
YoY Change 19.0% 12.88%
Total Long-Term Liabilities $99.95M $1.984B
YoY Change -94.96% 2566.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.506B $2.061B
Total Long-Term Liabilities $99.95M $1.984B
Total Liabilities $5.089B $4.667B
YoY Change 9.05% 24.04%
SHAREHOLDERS EQUITY
Retained Earnings $7.715B $7.050B
YoY Change 9.44% 2.9%
Common Stock $61.00K $61.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.162B
YoY Change 9.08%
Treasury Stock Shares 102.1M shares
Shareholders Equity $7.278B $6.841B
YoY Change
Total Liabilities & Shareholders Equity $12.37B $11.51B
YoY Change 7.46% 9.67%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $270.8M $174.5M
YoY Change 55.21% 290.42%
Depreciation, Depletion And Amortization $84.00M $87.50M
YoY Change -4.0% 9.24%
Cash From Operating Activities $517.9M $360.5M
YoY Change 43.66% 34.26%
INVESTING ACTIVITIES
Capital Expenditures -$55.20M -$49.00M
YoY Change 12.65% -10.91%
Acquisitions
YoY Change
Other Investing Activities -$251.4M -$416.1M
YoY Change -39.58% 260.57%
Cash From Investing Activities -$306.6M -$465.1M
YoY Change -34.08% 173.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -324.9M -18.70M
YoY Change 1637.43% 90.82%
NET CHANGE
Cash From Operating Activities 517.9M 360.5M
Cash From Investing Activities -306.6M -465.1M
Cash From Financing Activities -324.9M -18.70M
Net Change In Cash -113.6M -123.3M
YoY Change -7.87% -239.48%
FREE CASH FLOW
Cash From Operating Activities $517.9M $360.5M
Capital Expenditures -$55.20M -$49.00M
Free Cash Flow $573.1M $409.5M
YoY Change 39.95% 26.58%

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us-gaap Cost Of Goods Sold Amortization
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us-gaap Cost Of Goods Sold Amortization
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0 USD
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0 USD
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0 USD
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0 USD
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0 USD
CY2016Q3 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
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0 USD
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0 USD
CY2016Q3 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
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0 USD
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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576841000 USD
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356301000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Deferred Revenue
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24453000 USD
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86350000 USD
us-gaap Increase Decrease In Receivables
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104000 USD
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
452000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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538000 shares
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16519000 USD
us-gaap Interest Expense
InterestExpense
47669000 USD
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InterestExpense
17281000 USD
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52924000 USD
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us-gaap Interest Paid Net
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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19695000 USD
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0 USD
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1982000 USD
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3656000 USD
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13233000 USD
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9089000 USD
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0 USD
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0 USD
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0 USD
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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3055000 USD
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21677000 USD
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30000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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us-gaap Payments To Acquire Longterm Investments
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20853000 USD
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120260000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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155172000 USD
us-gaap Payments To Acquire Short Term Investments
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OtherNoncashIncomeExpense
124000 USD
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us-gaap Other Nonoperating Income Expense
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CY2016Q3 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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8000 USD
CY2015Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0 USD
CY2016Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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0 USD
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CY2015Q4 us-gaap Preferred Stock Value
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CY2016Q3 us-gaap Preferred Stock Value
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CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
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0 USD
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us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
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us-gaap Proceeds From Sale Of Treasury Stock
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us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
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CY2015Q4 us-gaap Property Plant And Equipment Net
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CY2016Q3 us-gaap Property Plant And Equipment Net
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Repayments Of Long Term Debt And Capital Securities
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CY2016Q3 us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
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us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
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us-gaap Restructuring Charges
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CY2015Q3 us-gaap Revenues
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us-gaap Revenues
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us-gaap Revenues
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CY2015Q4 us-gaap Sales And Excise Tax Payable Current
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SalesAndExciseTaxPayableCurrent
37461000 USD
CY2015Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
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us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
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CY2016Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
180960000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
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CY2015Q3 us-gaap Sales Revenue Services Net
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us-gaap Sales Revenue Services Net
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us-gaap Sales Revenue Services Net
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Stock Issued During Period Value Treasury Stock Reissued
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7277946000 USD
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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498891000 shares
us-gaap Treasury Stock Shares Acquired
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7300000 shares
us-gaap Unrealized Gain Loss On Investments
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8548000 USD
us-gaap Unrealized Gain Loss On Investments
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CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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505809000 shares
CY2015Q3 us-gaap Subscription Revenue
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us-gaap Subscription Revenue
SubscriptionRevenue
2316470000 USD
CY2016Q3 us-gaap Subscription Revenue
SubscriptionRevenue
1168602000 USD
us-gaap Subscription Revenue
SubscriptionRevenue
3322560000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
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75.93
us-gaap Treasury Stock Acquired Average Cost Per Share
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93.87
CY2015Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
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CY2016Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
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CY2015Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
4267715000 USD
CY2016Q3 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
4844706000 USD
us-gaap Treasury Stock Shares Acquired
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6700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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507124000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
503669000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
505135000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
498584000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
499224000 shares

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adbe-20160902.xml Edgar Link completed
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