2017 Q3 Form 10-Q Financial Statement

#000079634317000157 Filed on September 27, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $1.841B $1.464B
YoY Change 25.76% 20.22%
Cost Of Revenue $262.9M $202.7M
YoY Change 29.71% 6.13%
Gross Profit $1.578B $1.261B
YoY Change 25.12% 22.84%
Gross Profit Margin 85.72% 86.15%
Selling, General & Admin $697.5M $620.8M
YoY Change 12.35% 14.0%
% of Gross Profit 44.2% 49.22%
Research & Development $315.6M $248.5M
YoY Change 27.01% 13.62%
% of Gross Profit 20.0% 19.7%
Depreciation & Amortization $82.40M $84.00M
YoY Change -1.9% -4.0%
% of Gross Profit 5.22% 6.66%
Operating Expenses $1.032B $891.9M
YoY Change 15.76% 14.24%
Operating Profit $545.7M $369.3M
YoY Change 47.75% 50.12%
Interest Expense $18.81M $17.28M
YoY Change 8.84% 4.61%
% of Operating Profit 3.45% 4.68%
Other Income/Expense, Net -$4.295M -$13.02M
YoY Change -67.02% -2.81%
Pretax Income $541.4M $356.3M
YoY Change 51.94% 53.17%
Income Tax $121.8M $85.51M
% Of Pretax Income 22.5% 24.0%
Net Earnings $419.6M $270.8M
YoY Change 54.94% 55.21%
Net Earnings / Revenue 22.79% 18.5%
Basic Earnings Per Share $0.85 $0.54
Diluted Earnings Per Share $0.84 $0.54
COMMON SHARES
Basic Shares Outstanding 493.4M shares 498.6M shares
Diluted Shares Outstanding 500.4M shares 503.7M shares

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.368B $4.446B
YoY Change 20.74% 21.18%
Cash & Equivalents $1.775B $767.7M
Short-Term Investments $3.594B $3.679B
Other Short-Term Assets $207.0M $241.0M
YoY Change -14.11% -8.71%
Inventory
Prepaid Expenses
Receivables $1.006B $731.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.581B $5.419B
YoY Change 21.45% 19.73%
LONG-TERM ASSETS
Property, Plant & Equipment $939.8M $811.5M
YoY Change 15.81% 1.76%
Goodwill $5.821B $5.433B
YoY Change 7.13% 0.57%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $144.6M $169.4M
YoY Change -14.6% 16.29%
Total Long-Term Assets $7.326B $6.949B
YoY Change 5.43% -0.48%
TOTAL ASSETS
Total Short-Term Assets $6.581B $5.419B
Total Long-Term Assets $7.326B $6.949B
Total Assets $13.91B $12.37B
YoY Change 12.45% 7.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $90.33M $83.44M
YoY Change 8.25% 19.51%
Accrued Expenses $932.3M $666.3M
YoY Change 39.93% 1.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.216B $2.506B
YoY Change 28.35% 21.59%
LONG-TERM LIABILITIES
Long-Term Debt $1.889B $1.917B
YoY Change -1.46% 0.89%
Other Long-Term Liabilities $113.6M $99.95M
YoY Change 13.69% 19.0%
Total Long-Term Liabilities $113.6M $99.95M
YoY Change 13.69% -94.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.216B $2.506B
Total Long-Term Liabilities $113.6M $99.95M
Total Liabilities $5.736B $5.089B
YoY Change 12.71% 9.05%
SHAREHOLDERS EQUITY
Retained Earnings $9.072B $7.715B
YoY Change 17.59% 9.44%
Common Stock $61.00K $61.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.792B
YoY Change
Treasury Stock Shares
Shareholders Equity $8.170B $7.278B
YoY Change
Total Liabilities & Shareholders Equity $13.91B $12.37B
YoY Change 12.45% 7.46%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $419.6M $270.8M
YoY Change 54.94% 55.21%
Depreciation, Depletion And Amortization $82.40M $84.00M
YoY Change -1.9% -4.0%
Cash From Operating Activities $704.4M $517.9M
YoY Change 36.01% 43.66%
INVESTING ACTIVITIES
Capital Expenditures -$54.20M -$55.20M
YoY Change -1.81% 12.65%
Acquisitions
YoY Change
Other Investing Activities $17.40M -$251.4M
YoY Change -106.92% -39.58%
Cash From Investing Activities -$36.80M -$306.6M
YoY Change -88.0% -34.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -218.3M -324.9M
YoY Change -32.81% 1637.43%
NET CHANGE
Cash From Operating Activities 704.4M 517.9M
Cash From Investing Activities -36.80M -306.6M
Cash From Financing Activities -218.3M -324.9M
Net Change In Cash 449.3M -113.6M
YoY Change -495.51% -7.87%
FREE CASH FLOW
Cash From Operating Activities $704.4M $517.9M
Capital Expenditures -$54.20M -$55.20M
Free Cash Flow $758.6M $573.1M
YoY Change 32.37% 39.95%

Facts In Submission

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us-gaap Deferred Income Taxes And Tax Credits
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2.38
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P2Y0M4D
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0 USD
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us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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us-gaap General And Administrative Expense
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us-gaap Gross Profit
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us-gaap Income Tax Expense Benefit
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6880000 USD
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86350000 USD
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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538000 shares
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
308000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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17281000 USD
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52924000 USD
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18809000 USD
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
21000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
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488000 USD
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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0 USD
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0 USD
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0 USD
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235000 USD
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523000 USD
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8000 USD
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8000 USD
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155172000 USD
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140438000 USD
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us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
1419411000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2017Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2017Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
245441000 USD
CY2017Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
206384000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
557769000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
601130000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
331000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
2034000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
698486000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
978737000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
139823000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
157682000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
816264000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
939809000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
32113000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
86000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
1328000 USD
CY2016Q3 us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
248450000 USD
us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
718138000 USD
CY2017Q3 us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
315555000 USD
us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
900033000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
8114517000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
9072321000 USD
CY2016Q3 us-gaap Revenues
Revenues
1463967000 USD
us-gaap Revenues
Revenues
4246011000 USD
CY2017Q3 us-gaap Revenues
Revenues
1841074000 USD
us-gaap Revenues
Revenues
5294910000 USD
CY2016Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
43113000 USD
CY2017Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
43079000 USD
CY2016Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
180960000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
578572000 USD
CY2017Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
158961000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
513891000 USD
CY2016Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
114405000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
344879000 USD
CY2017Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
111777000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
343137000 USD
CY2016Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
477475000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1415155000 USD
CY2017Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
550093000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1623488000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
262382000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
331401000 USD
CY2016Q3 us-gaap Share Price
SharePrice
103.57
CY2017Q3 us-gaap Share Price
SharePrice
155.06
CY2016Q4 us-gaap Short Term Investments
ShortTermInvestments
3749985000 USD
CY2017Q3 us-gaap Short Term Investments
ShortTermInvestments
3593936000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
234601000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
7424835000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
8170434000 USD
CY2016Q3 us-gaap Subscription Revenue
SubscriptionRevenue
1168602000 USD
us-gaap Subscription Revenue
SubscriptionRevenue
3322560000 USD
CY2017Q3 us-gaap Subscription Revenue
SubscriptionRevenue
1570336000 USD
us-gaap Subscription Revenue
SubscriptionRevenue
4437882000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
93.87
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
126.58
CY2016Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
106580000 shares
CY2017Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
107960000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
7300000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
6300000 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
5132472000 USD
CY2017Q3 us-gaap Treasury Stock Value
TreasuryStockValue
5791809000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-3916000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
3243000 USD
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
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
500398000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
501060000 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
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
493426000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
494138000 shares

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0000796343-17-000157-xbrl.zip Edgar Link pending
adbe-20170901.xml Edgar Link completed
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