2018 Q2 Form 10-Q Financial Statement

#000079634318000134 Filed on June 27, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $2.195B $1.772B
YoY Change 23.88% 26.7%
Cost Of Revenue $281.3M $239.4M
YoY Change 17.54% 18.45%
Gross Profit $1.914B $1.533B
YoY Change 24.87% 28.1%
Gross Profit Margin 87.18% 86.49%
Selling, General & Admin $824.3M $710.0M
YoY Change 16.09% 18.16%
% of Gross Profit 43.06% 46.32%
Research & Development $374.1M $299.4M
YoY Change 24.96% 28.78%
% of Gross Profit 19.55% 19.53%
Depreciation & Amortization $76.40M $81.60M
YoY Change -6.37% -3.43%
% of Gross Profit 3.99% 5.32%
Operating Expenses $1.216B $1.029B
YoY Change 18.16% 20.69%
Operating Profit $698.5M $504.1M
YoY Change 38.57% 46.43%
Interest Expense $20.36M $18.35M
YoY Change 10.99% 6.83%
% of Operating Profit 2.92% 3.64%
Other Income/Expense, Net -$7.685M -$11.46M
YoY Change -32.96% -20.44%
Pretax Income $690.8M $492.6M
YoY Change 40.23% 49.36%
Income Tax $27.63M $118.2M
% Of Pretax Income 4.0% 24.0%
Net Earnings $663.2M $374.4M
YoY Change 77.13% 53.39%
Net Earnings / Revenue 30.21% 21.13%
Basic Earnings Per Share $1.35 $0.76
Diluted Earnings Per Share $1.33 $0.75
COMMON SHARES
Basic Shares Outstanding 491.9M shares 494.4M shares
Diluted Shares Outstanding 498.3M shares 500.4M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.334B $4.932B
YoY Change 28.43% 14.22%
Cash & Equivalents $2.988B $1.317B
Short-Term Investments $3.346B $3.615B
Other Short-Term Assets $332.0M $220.0M
YoY Change 50.91% -13.04%
Inventory
Prepaid Expenses
Receivables $1.075B $901.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.741B $6.052B
YoY Change 27.91% 15.53%
LONG-TERM ASSETS
Property, Plant & Equipment $993.5M $924.1M
YoY Change 7.51% 16.08%
Goodwill $5.824B $5.789B
YoY Change 0.61% 6.32%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $166.2M $146.1M
YoY Change 13.81% -10.37%
Total Long-Term Assets $7.422B $7.313B
YoY Change 1.49% 4.79%
TOTAL ASSETS
Total Short-Term Assets $7.741B $6.052B
Total Long-Term Assets $7.422B $7.313B
Total Assets $15.16B $13.36B
YoY Change 13.46% 9.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $117.2M $77.91M
YoY Change 50.43% 3.07%
Accrued Expenses $1.030B $865.4M
YoY Change 19.06% 30.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.729B $3.048B
YoY Change 22.35% 27.76%
LONG-TERM LIABILITIES
Long-Term Debt $1.874B $1.888B
YoY Change -0.74% -1.56%
Other Long-Term Liabilities $152.5M $112.3M
YoY Change 35.8% 15.83%
Total Long-Term Liabilities $152.5M $112.3M
YoY Change 35.8% 15.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.729B $3.048B
Total Long-Term Liabilities $152.5M $112.3M
Total Liabilities $6.458B $5.561B
YoY Change 16.13% 11.93%
SHAREHOLDERS EQUITY
Retained Earnings $10.47B $8.653B
YoY Change 21.01% 16.24%
Common Stock $61.00K $61.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.990B $5.539B
YoY Change 26.21% 23.34%
Treasury Stock Shares
Shareholders Equity $8.706B $7.804B
YoY Change
Total Liabilities & Shareholders Equity $15.16B $13.36B
YoY Change 13.46% 9.4%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $663.2M $374.4M
YoY Change 77.13% 53.39%
Depreciation, Depletion And Amortization $76.40M $81.60M
YoY Change -6.37% -3.43%
Cash From Operating Activities $976.4M $644.8M
YoY Change 51.43% 31.94%
INVESTING ACTIVITIES
Capital Expenditures -$45.40M -$55.30M
YoY Change -17.9% 2.79%
Acquisitions
YoY Change
Other Investing Activities $113.0M -$32.20M
YoY Change -450.93% -83.72%
Cash From Investing Activities $67.70M -$87.50M
YoY Change -177.37% -65.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -717.3M -314.4M
YoY Change 128.15% 73.8%
NET CHANGE
Cash From Operating Activities 976.4M 644.8M
Cash From Investing Activities 67.70M -87.50M
Cash From Financing Activities -717.3M -314.4M
Net Change In Cash 326.8M 242.9M
YoY Change 34.54% 331.44%
FREE CASH FLOW
Cash From Operating Activities $976.4M $644.8M
Capital Expenditures -$45.40M -$55.30M
Free Cash Flow $1.022B $700.1M
YoY Change 45.95% 29.05%

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13698000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
86200000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
140458000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
1013823000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
412746000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
210071000 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
332503000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
409830000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
352078000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
764000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
2897000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
743234000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
200458000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
52830000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
64682000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
936976000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
993486000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1980000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
912000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
815000 USD
CY2017Q2 us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
299401000 USD
us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
584478000 USD
CY2018Q2 us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
374128000 USD
us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
722897000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
9573870000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
10471066000 USD
CY2017Q2 us-gaap Revenues
Revenues
1772190000 USD
us-gaap Revenues
Revenues
3453836000 USD
CY2018Q2 us-gaap Revenues
Revenues
2195360000 USD
us-gaap Revenues
Revenues
4274307000 USD
CY2017Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
49550000 USD
CY2018Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
46350000 USD
CY2017Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
171545000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
354930000 USD
CY2018Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
150993000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
322601000 USD
CY2017Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
116955000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
231360000 USD
CY2018Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
121236000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
235217000 USD
CY2017Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
553098000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1073395000 USD
CY2018Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
646215000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1227172000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
214359000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
274810000 USD
CY2017Q2 us-gaap Share Price
SharePrice
143.48
CY2018Q2 us-gaap Share Price
SharePrice
251.31
CY2017Q4 us-gaap Short Term Investments
ShortTermInvestments
3513702000 USD
CY2018Q2 us-gaap Short Term Investments
ShortTermInvestments
3346078000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
348729000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
8459869000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
8705583000 USD
CY2017Q2 us-gaap Subscription Revenue
SubscriptionRevenue
1483690000 USD
us-gaap Subscription Revenue
SubscriptionRevenue
2867546000 USD
CY2018Q2 us-gaap Subscription Revenue
SubscriptionRevenue
1923131000 USD
us-gaap Subscription Revenue
SubscriptionRevenue
3716489000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
118.00
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
208.69
CY2017Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
109572000 shares
CY2018Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
110399000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
4300000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
4300000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
6084436000 USD
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
6990489000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
2600000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
1502000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
500351000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
501032000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
498252000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
499166000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
494371000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
494492000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
491914000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
491993000 shares

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0000796343-18-000134-xbrl.zip Edgar Link pending
adbe-20180601.xml Edgar Link completed
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adbe-20180601_cal.xml Edgar Link unprocessable
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