2019 Q2 Form 10-Q Financial Statement

#000079634319000142 Filed on June 26, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2 2018 Q1
Revenue $2.744B $2.195B $2.079B
YoY Change 24.99% 23.88% 23.63%
Cost Of Revenue $407.0M $281.3M $258.9M
YoY Change 44.66% 17.54% 9.09%
Gross Profit $2.337B $1.914B $1.820B
YoY Change 22.1% 24.87% 26.01%
Gross Profit Margin 85.17% 87.18% 87.55%
Selling, General & Admin $1.068B $824.3M $751.4M
YoY Change 29.57% 16.09% 11.96%
% of Gross Profit 45.7% 43.06% 41.28%
Research & Development $476.0M $374.1M $348.8M
YoY Change 27.23% 24.96% 22.34%
% of Gross Profit 20.37% 19.55% 19.16%
Depreciation & Amortization $145.6M $76.40M $76.52M
YoY Change 90.58% -6.37% -5.31%
% of Gross Profit 6.23% 3.99% 4.2%
Operating Expenses $1.587B $1.216B $1.117B
YoY Change 30.56% 18.16% 14.56%
Operating Profit $750.0M $698.5M $702.7M
YoY Change 7.38% 38.57% 49.84%
Interest Expense $40.00M $20.36M $19.90M
YoY Change 96.43% 10.99% 9.76%
% of Operating Profit 5.33% 2.92% 2.83%
Other Income/Expense, Net -$39.00M -$7.685M -$231.0K
YoY Change 407.48% -32.96% -97.24%
Pretax Income $711.0M $690.8M $702.5M
YoY Change 2.92% 40.23% 52.51%
Income Tax $78.00M $27.63M $119.4M
% Of Pretax Income 10.97% 4.0% 17.0%
Net Earnings $633.0M $663.2M $583.1M
YoY Change -4.55% 77.13% 46.34%
Net Earnings / Revenue 23.07% 30.21% 28.05%
Basic Earnings Per Share $1.30 $1.35 $1.18
Diluted Earnings Per Share $1.29 $1.33 $1.17
COMMON SHARES
Basic Shares Outstanding 487.5M shares 491.9M shares 492.1M shares
Diluted Shares Outstanding 492.2M shares 498.3M shares 499.4M shares

Balance Sheet

Concept 2019 Q2 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.479B $6.334B $6.148B
YoY Change -45.07% 28.43% 32.27%
Cash & Equivalents $2.083B $2.988B $2.667B
Short-Term Investments $1.396B $3.346B $3.481B
Other Short-Term Assets $550.0M $332.0M $270.0M
YoY Change 65.66% 50.91% 5.06%
Inventory
Prepaid Expenses
Receivables $1.270B $1.075B $1.063B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.343B $7.741B $7.481B
YoY Change -30.99% 27.91% 29.98%
LONG-TERM ASSETS
Property, Plant & Equipment $1.205B $993.5M $991.7M
YoY Change 21.29% 7.51% 20.68%
Goodwill $10.70B $5.824B $5.844B
YoY Change 83.73% 0.61% 1.57%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $503.2M $166.2M $153.6M
YoY Change 202.72% 13.81% 6.5%
Total Long-Term Assets $14.32B $7.422B $7.493B
YoY Change 92.98% 1.49% 2.79%
TOTAL ASSETS
Total Short-Term Assets $5.343B $7.741B $7.481B
Total Long-Term Assets $14.32B $7.422B $7.493B
Total Assets $19.67B $15.16B $14.97B
YoY Change 29.69% 13.46% 14.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $169.1M $117.2M $131.1M
YoY Change 44.29% 50.43% -31.54%
Accrued Expenses $1.315B $1.030B $911.0M
YoY Change 27.62% 19.06% 19.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.146B
YoY Change
Total Short-Term Liabilities $7.687B $3.729B $3.536B
YoY Change 106.15% 22.35% 19.72%
LONG-TERM LIABILITIES
Long-Term Debt $988.0M $1.874B $1.875B
YoY Change -47.28% -0.74% -0.48%
Other Long-Term Liabilities $165.0M $152.5M $149.3M
YoY Change 8.23% 35.8% 35.07%
Total Long-Term Liabilities $165.0M $152.5M $149.3M
YoY Change 8.23% 35.8% 35.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.687B $3.729B $3.536B
Total Long-Term Liabilities $165.0M $152.5M $149.3M
Total Liabilities $9.734B $6.458B $6.339B
YoY Change 50.74% 16.13% 16.19%
SHAREHOLDERS EQUITY
Retained Earnings $13.18B $10.47B $9.830B
YoY Change 25.91% 21.01% 18.45%
Common Stock $61.00K $61.00K $61.00K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.159B $6.990B $6.295B
YoY Change 31.02% 26.21% 20.01%
Treasury Stock Shares
Shareholders Equity $9.932B $8.706B $8.634B
YoY Change
Total Liabilities & Shareholders Equity $19.67B $15.16B $14.97B
YoY Change 29.69% 13.46% 14.79%

Cashflow Statement

Concept 2019 Q2 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income $633.0M $663.2M $583.1M
YoY Change -4.55% 77.13% 46.34%
Depreciation, Depletion And Amortization $145.6M $76.40M $76.52M
YoY Change 90.58% -6.37% -5.31%
Cash From Operating Activities $1.109B $976.4M $989.6M
YoY Change 13.62% 51.43% 35.49%
INVESTING ACTIVITIES
Capital Expenditures -$145.5M -$45.40M $95.14M
YoY Change 220.48% -17.9% 207.87%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $155.6M $113.0M $1.400M
YoY Change 37.7% -450.93% -100.45%
Cash From Investing Activities $10.10M $67.70M -$93.76M
YoY Change -85.08% -177.37% -72.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $300.0M
YoY Change 50.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -772.1M -717.3M -$541.3M
YoY Change 7.64% 128.15% 63.28%
NET CHANGE
Cash From Operating Activities 1.109B 976.4M $989.6M
Cash From Investing Activities 10.10M 67.70M -$93.76M
Cash From Financing Activities -772.1M -717.3M -$541.3M
Net Change In Cash 347.4M 326.8M $354.6M
YoY Change 6.3% 34.54% 491.01%
FREE CASH FLOW
Cash From Operating Activities $1.109B $976.4M $989.6M
Capital Expenditures -$145.5M -$45.40M $95.14M
Free Cash Flow $1.255B $1.022B $894.5M
YoY Change 22.81% 45.95% 27.88%

Facts In Submission

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WeightedAverageNumberOfDilutedSharesOutstanding
499166000 shares
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
632593000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
663167000 USD
us-gaap Net Income Loss
NetIncomeLoss
1306834000 USD
us-gaap Net Income Loss
NetIncomeLoss
1246243000 USD
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
9910000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
22312000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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-67000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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-75000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-192000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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-197000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
9977000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1646000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
22504000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-24672000 USD
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
16765000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
31104000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
8308000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
29767000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
8675000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
37000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
16872000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
2177000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
8090000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
31067000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-8564000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
27590000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-11999000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-48712000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-10174000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-20327000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6068000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-19291000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3766000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17409000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
638661000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
643876000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1310600000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1228834000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
9871485000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
632593000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6068000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
-21813000 USD
CY2019Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
750000000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
193360000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
9931693000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
8634028000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
663167000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-19291000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
-16854000 USD
CY2018Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
700000000 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
145587000 USD
CY2018Q2 adbe Changeintreasurystockvalueduetodeferredcompensationplan
Changeintreasurystockvalueduetodeferredcompensationplan
-1054000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
9362114000 USD
us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
442319000 USD
us-gaap Net Income Loss
NetIncomeLoss
1306834000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3766000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
-302794000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1250000000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
373471000 USD
adbe Changeintreasurystockvalueduetodeferredcompensationplan
Changeintreasurystockvalueduetodeferredcompensationplan
-4017000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
9931693000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
8459869000 USD
us-gaap Net Income Loss
NetIncomeLoss
1246243000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17409000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
-257823000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1000000000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
281113000 USD
adbe Changeintreasurystockvalueduetodeferredcompensationplan
Changeintreasurystockvalueduetodeferredcompensationplan
-6092000 USD
adbe Equityadjustmentattributableto Tax Act
EquityadjustmentattributabletoTaxAct
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CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
8705583000 USD
us-gaap Net Income Loss
NetIncomeLoss
1306834000 USD
us-gaap Net Income Loss
NetIncomeLoss
1246243000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
290508000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
152882000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
388987000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
280902000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-10682000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-400069000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
39978000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
1502000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1970000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3623000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-85683000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-140681000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
142520000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
106612000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-17269000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3656000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
116994000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
46535000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
11929000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
459943000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
130320000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
139725000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2122776000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1966007000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
139346000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
412746000 USD
us-gaap Interest Paid Net
InterestPaidNet
78006000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
320629000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
352078000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
29473000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
200458000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
99817000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
14614000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
210760000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
140458000 USD
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
23680000 USD
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
13698000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
1656000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
2897000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-121845000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-26083000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1250000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1000000000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
73912000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
64682000 USD
adbe Cost Of Issuance Of Treasury Stock
CostOfIssuanceOfTreasuryStock
376706000 USD
adbe Cost Of Issuance Of Treasury Stock
CostOfIssuanceOfTreasuryStock
322505000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
3219000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
815000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1556013000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1258638000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-4783000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
628000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
440135000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
681914000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1642775000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2306072000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2082910000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2987986000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
107938000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
73508000 USD
us-gaap Interest Paid Net
InterestPaidNet
37503000 USD
us-gaap Reclassifications
Reclassifications
<div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</span></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain immaterial prior year amounts have been reclassified to conform to current year presentation in the condensed consolidated statements of cash flows.</span></div>
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1358606000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
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498719000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
459943000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1193543000 USD
CY2018Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
2863132000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
129536000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
12257916000 USD
CY2019Q2 adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
2456097000 USD
CY2019Q2 adbe Productrevenue
Productrevenue
152816000 USD
CY2019Q2 adbe Servicesandsupportrevenue
Servicesandsupportrevenue
135367000 USD
CY2019Q2 us-gaap Revenues
Revenues
2744280000 USD
CY2019Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
848927000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
78179000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
632593000 USD
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.30
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.29
adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
4761064000 USD
adbe Productrevenue
Productrevenue
323370000 USD
adbe Servicesandsupportrevenue
Servicesandsupportrevenue
260792000 USD
us-gaap Revenues
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5345226000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1630445000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
106272000 USD
us-gaap Net Income Loss
NetIncomeLoss
1306834000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.68
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.65
CY2019Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1272668000 USD
CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
590998000 USD
CY2019Q2 us-gaap Other Assets Noncurrent
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503221000 USD
CY2019Q2 us-gaap Accrued Liabilities Current
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1314998000 USD
CY2019Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
3011552000 USD
CY2019Q2 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
122522000 USD
CY2019Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
133886000 USD
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
13183938000 USD
CY2019Q2 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2019Q2 us-gaap Revenues
Revenues
2744280000 USD
CY2019Q2 us-gaap Cost Of Revenue
CostOfRevenue
407488000 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
2336792000 USD
CY2019Q2 adbe Gross Profit As Percentage Of Revenue
GrossProfitAsPercentageOfRevenue
0.85
CY2018Q2 us-gaap Revenues
Revenues
2195360000 USD
CY2018Q2 us-gaap Cost Of Revenue
CostOfRevenue
281344000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
1914016000 USD
CY2018Q2 adbe Gross Profit As Percentage Of Revenue
GrossProfitAsPercentageOfRevenue
0.87
us-gaap Revenues
Revenues
5345226000 USD
us-gaap Cost Of Revenue
CostOfRevenue
804774000 USD
us-gaap Gross Profit
GrossProfit
4540452000 USD
adbe Gross Profit As Percentage Of Revenue
GrossProfitAsPercentageOfRevenue
0.85
us-gaap Revenues
Revenues
4274307000 USD
us-gaap Cost Of Revenue
CostOfRevenue
540246000 USD
us-gaap Gross Profit
GrossProfit
3734061000 USD
adbe Gross Profit As Percentage Of Revenue
GrossProfitAsPercentageOfRevenue
0.87
CY2019Q2 us-gaap Revenues
Revenues
2744280000 USD
CY2018Q2 us-gaap Revenues
Revenues
2195360000 USD
us-gaap Revenues
Revenues
5345226000 USD
us-gaap Revenues
Revenues
4274307000 USD
CY2019Q2 adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
2456097000 USD
CY2018Q2 adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
1923131000 USD
adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
4761064000 USD
adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
3716489000 USD
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1360000000 USD
CY2018Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
105800000 USD
CY2019Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1270000000 USD
CY2019Q2 us-gaap Unbilled Contracts Receivable
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118600000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
15000000.0 USD
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
12400000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
46400000 USD
CY2019Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
41500000 USD
CY2018Q4 us-gaap Deferred Revenue
DeferredRevenue
3000000000.00 USD
CY2019Q2 us-gaap Deferred Revenue
DeferredRevenue
3130000000 USD
CY2019Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
800000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2200000000 USD
CY2019Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
8370000000 USD
CY2019Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.74
CY2019Q2 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2018Q4 adbe Capitalized Contract Cost
CapitalizedContractCost
413200000 USD
CY2019Q2 adbe Capitalized Contract Cost
CapitalizedContractCost
455100000 USD
CY2019Q2 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
302500000 USD
CY2018Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
75300000 USD
CY2019Q2 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
85200000 USD
CY2019Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
3481805000 USD
CY2019Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
910000 USD
CY2019Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3736000 USD
CY2019Q2 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
3478979000 USD
CY2018Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
3254290000 USD
CY2018Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
45000 USD
CY2018Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
25373000 USD
CY2018Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
3228962000 USD
CY2019Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
185696000 USD
CY2019Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
43000 USD
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
551404000 USD
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
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