2019 Q3 Form 10-Q Financial Statement

#000079634319000165 Filed on September 26, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3 2018 Q2
Revenue $2.834B $2.291B $2.195B
YoY Change 23.7% 24.44% 23.88%
Cost Of Revenue $416.0M $295.5M $281.3M
YoY Change 40.78% 12.39% 17.54%
Gross Profit $2.418B $1.996B $1.914B
YoY Change 21.17% 26.45% 24.87%
Gross Profit Margin 85.32% 87.1% 87.18%
Selling, General & Admin $1.031B $854.1M $824.3M
YoY Change 20.71% 22.46% 16.09%
% of Gross Profit 42.64% 42.8% 43.06%
Research & Development $490.0M $399.0M $374.1M
YoY Change 22.82% 26.43% 24.96%
% of Gross Profit 20.26% 19.99% 19.55%
Depreciation & Amortization $150.6M $86.90M $76.40M
YoY Change 73.3% 5.46% -6.37%
% of Gross Profit 6.23% 4.35% 3.99%
Operating Expenses $1.564B $1.277B $1.216B
YoY Change 22.48% 23.68% 18.16%
Operating Profit $854.0M $718.6M $698.5M
YoY Change 18.84% 31.69% 38.57%
Interest Expense $40.00M $21.11M $20.36M
YoY Change 89.51% 12.22% 10.99%
% of Operating Profit 4.68% 2.94% 2.92%
Other Income/Expense, Net -$19.00M -$17.25M -$7.685M
YoY Change 10.16% 301.58% -32.96%
Pretax Income $835.0M $701.4M $690.8M
YoY Change 19.05% 29.55% 40.23%
Income Tax $42.00M $35.07M $27.63M
% Of Pretax Income 5.03% 5.0% 4.0%
Net Earnings $793.0M $666.3M $663.2M
YoY Change 19.02% 58.8% 77.13%
Net Earnings / Revenue 27.98% 29.08% 30.21%
Basic Earnings Per Share $1.63 $1.36 $1.35
Diluted Earnings Per Share $1.61 $1.34 $1.33
COMMON SHARES
Basic Shares Outstanding 485.8M shares 490.0M shares 491.9M shares
Diluted Shares Outstanding 491.0M shares 496.9M shares 498.3M shares

Balance Sheet

Concept 2019 Q3 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.651B $4.944B $6.334B
YoY Change -26.15% -7.9% 28.43%
Cash & Equivalents $2.209B $1.747B $2.988B
Short-Term Investments $1.442B $3.197B $3.346B
Other Short-Term Assets $651.0M $312.0M $332.0M
YoY Change 108.65% 50.72% 50.91%
Inventory
Prepaid Expenses
Receivables $1.370B $1.045B $1.075B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.750B $6.301B $7.741B
YoY Change -8.74% -4.26% 27.91%
LONG-TERM ASSETS
Property, Plant & Equipment $1.244B $1.019B $993.5M
YoY Change 22.05% 8.45% 7.51%
Goodwill $10.69B $7.137B $5.824B
YoY Change 49.79% 22.61% 0.61%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $557.1M $183.8M $166.2M
YoY Change 203.06% 27.1% 13.81%
Total Long-Term Assets $14.30B $9.095B $7.422B
YoY Change 57.29% 24.15% 1.49%
TOTAL ASSETS
Total Short-Term Assets $5.750B $6.301B $7.741B
Total Long-Term Assets $14.30B $9.095B $7.422B
Total Assets $20.05B $15.40B $15.16B
YoY Change 30.26% 10.71% 13.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $187.0M $145.6M $117.2M
YoY Change 28.46% 61.15% 50.43%
Accrued Expenses $1.303B $1.020B $1.030B
YoY Change 27.71% 9.41% 19.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.149B
YoY Change
Total Short-Term Liabilities $7.803B $3.792B $3.729B
YoY Change 105.77% 17.91% 22.35%
LONG-TERM LIABILITIES
Long-Term Debt $988.0M $1.875B $1.874B
YoY Change -47.31% -0.74% -0.74%
Other Long-Term Liabilities $169.8M $152.4M $152.5M
YoY Change 11.39% 34.14% 35.8%
Total Long-Term Liabilities $169.8M $152.4M $152.5M
YoY Change 11.39% 34.14% 35.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.803B $3.792B $3.729B
Total Long-Term Liabilities $169.8M $152.4M $152.5M
Total Liabilities $9.812B $6.534B $6.458B
YoY Change 50.18% 13.9% 16.13%
SHAREHOLDERS EQUITY
Retained Earnings $13.98B $11.14B $10.47B
YoY Change 25.49% 22.76% 21.01%
Common Stock $61.00K $61.00K $61.00K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.875B $7.697B $6.990B
YoY Change 28.3% 32.89% 26.21%
Treasury Stock Shares
Shareholders Equity $10.24B $8.862B $8.706B
YoY Change
Total Liabilities & Shareholders Equity $20.05B $15.40B $15.16B
YoY Change 30.26% 10.71% 13.46%

Cashflow Statement

Concept 2019 Q3 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $793.0M $666.3M $663.2M
YoY Change 19.02% 58.8% 77.13%
Depreciation, Depletion And Amortization $150.6M $86.90M $76.40M
YoY Change 73.3% 5.46% -6.37%
Cash From Operating Activities $922.6M $955.3M $976.4M
YoY Change -3.42% 35.62% 51.43%
INVESTING ACTIVITIES
Capital Expenditures -$89.60M -$63.50M -$45.40M
YoY Change 41.1% 17.16% -17.9%
Acquisitions
YoY Change
Other Investing Activities -$75.70M -$1.457B $113.0M
YoY Change -94.8% -8472.41% -450.93%
Cash From Investing Activities -$165.4M -$1.520B $67.70M
YoY Change -89.12% 4031.25% -177.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -624.4M -671.7M -717.3M
YoY Change -7.04% 207.7% 128.15%
NET CHANGE
Cash From Operating Activities 922.6M 955.3M 976.4M
Cash From Investing Activities -165.4M -1.520B 67.70M
Cash From Financing Activities -624.4M -671.7M -717.3M
Net Change In Cash 132.8M -1.237B 326.8M
YoY Change -110.74% -375.25% 34.54%
FREE CASH FLOW
Cash From Operating Activities $922.6M $955.3M $976.4M
Capital Expenditures -$89.60M -$63.50M -$45.40M
Free Cash Flow $1.012B $1.019B $1.022B
YoY Change -0.65% 34.3% 45.95%

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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
491336000 shares
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.61
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.84
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
491042000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
496866000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
492480000 shares
us-gaap Net Income Loss
NetIncomeLoss
1912534000 USD
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
6867000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
498587000 shares
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
792763000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
666291000 USD
us-gaap Net Income Loss
NetIncomeLoss
2099597000 USD
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
5849000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
29178000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-19020000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
36000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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-9645000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-157000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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-9842000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
6831000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
15494000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
29335000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-9178000 USD
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-27031000 USD
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
17524000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-8232000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
47290000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
11034000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
16494000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
38397000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
18671000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-38065000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1030000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-46629000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
28619000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-18351000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-15342000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-28525000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-35668000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-49585000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1182000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-45819000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-16227000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
743178000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
667473000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2053778000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1896307000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
9931693000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
792763000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-49585000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
123036000 USD
CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
750000000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
194292000 USD
CY2019Q3 adbe Changeintreasurystockvalueduetodeferredcompensationplan
Changeintreasurystockvalueduetodeferredcompensationplan
574000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
8705583000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
666291000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1182000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
78656000 USD
CY2018Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
750000000 USD
CY2018Q3 adbe Equity Awards Assumed For Acquisition
EquityAwardsAssumedForAcquisition
2784000 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
155313000 USD
CY2018Q3 adbe Changeintreasurystockvalueduetodeferredcompensationplan
Changeintreasurystockvalueduetodeferredcompensationplan
2116000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
8861925000 USD
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
2099597000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-45819000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
-179758000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2000000000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
567763000 USD
adbe Changeintreasurystockvalueduetodeferredcompensationplan
Changeintreasurystockvalueduetodeferredcompensationplan
-3443000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
10242773000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
8459869000 USD
us-gaap Net Income Loss
NetIncomeLoss
1912534000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-16227000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
-179167000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1750000000 USD
adbe Equity Awards Assumed For Acquisition
EquityAwardsAssumedForAcquisition
2784000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
436426000 USD
adbe Changeintreasurystockvalueduetodeferredcompensationplan
Changeintreasurystockvalueduetodeferredcompensationplan
-3976000 USD
adbe Equityadjustmentattributableto Tax Act
EquityadjustmentattributabletoTaxAct
-318000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
8861925000 USD
us-gaap Net Income Loss
NetIncomeLoss
2099597000 USD
us-gaap Net Income Loss
NetIncomeLoss
1912534000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
441057000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
239772000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
584500000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
439941000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-1747000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-418114000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
43456000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
3115000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2756000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4844000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
14050000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-199002000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
289957000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
89823000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
629000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
25362000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
53074000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
4099000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-39171000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
433559000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
252182000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
173250000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3045414000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2921311000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
373057000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
541878000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
477840000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
606594000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
66463000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
238303000 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
1633041000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
300384000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
204016000 USD
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
59894000 USD
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
15288000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
1674000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
2909000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-287175000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1546417000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2000000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1750000000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
232240000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
189743000 USD
adbe Cost Of Issuance Of Treasury Stock
CostOfIssuanceOfTreasuryStock
411998000 USD
adbe Cost Of Issuance Of Treasury Stock
CostOfIssuanceOfTreasuryStock
368910000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
626000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
1132000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2180384000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1930299000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-11583000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-3523000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
566272000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-558928000 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
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2209047000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1747144000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
231813000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
141674000 USD
us-gaap Interest Paid Net
InterestPaidNet
124599000 USD
us-gaap Interest Paid Net
InterestPaidNet
61754000 USD
adbe Equity Awards Assumed For Acquisition
EquityAwardsAssumedForAcquisition
0 USD
adbe Equity Awards Assumed For Acquisition
EquityAwardsAssumedForAcquisition
2784000 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;">Reclassification</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 notes to the condensed consolidated financial statements.</span></div>
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
459943000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
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1193543000 USD
CY2018Q4 us-gaap Deferred Revenue Current
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2863132000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
129536000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
12257916000 USD
CY2019Q3 adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
2546571000 USD
CY2019Q3 adbe Productrevenue
Productrevenue
157321000 USD
CY2019Q3 adbe Servicesandsupportrevenue
Servicesandsupportrevenue
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CY2019Q3 us-gaap Cost Of Revenue
CostOfRevenue
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CY2019Q3 us-gaap Revenues
Revenues
2834126000 USD
CY2019Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
812314000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41725000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
792763000 USD
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.63
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.61
adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
7307635000 USD
adbe Productrevenue
Productrevenue
480691000 USD
adbe Servicesandsupportrevenue
Servicesandsupportrevenue
391026000 USD
us-gaap Revenues
Revenues
8179352000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2442759000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
147997000 USD
us-gaap Net Income Loss
NetIncomeLoss
2099597000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.26
CY2019Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1371697000 USD
CY2019Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
727611000 USD
CY2019Q3 us-gaap Other Assets Noncurrent
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557080000 USD
CY2019Q3 us-gaap Accrued Liabilities Current
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1302753000 USD
CY2019Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
3120186000 USD
CY2019Q3 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
135750000 USD
CY2019Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
129401000 USD
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
13976701000 USD
CY2019Q3 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2019Q3 us-gaap Revenues
Revenues
2834126000 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
2418163000 USD
CY2019Q3 adbe Gross Profit As Percentage Of Revenue
GrossProfitAsPercentageOfRevenue
0.85
CY2018Q3 us-gaap Revenues
Revenues
2291076000 USD
CY2018Q3 us-gaap Cost Of Revenue
CostOfRevenue
295492000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
1995584000 USD
CY2018Q3 adbe Gross Profit As Percentage Of Revenue
GrossProfitAsPercentageOfRevenue
0.87
us-gaap Revenues
Revenues
8179352000 USD
us-gaap Cost Of Revenue
CostOfRevenue
1220737000 USD
us-gaap Gross Profit
GrossProfit
6958615000 USD
adbe Gross Profit As Percentage Of Revenue
GrossProfitAsPercentageOfRevenue
0.85
us-gaap Revenues
Revenues
6565383000 USD
us-gaap Cost Of Revenue
CostOfRevenue
835738000 USD
us-gaap Gross Profit
GrossProfit
5729645000 USD
adbe Gross Profit As Percentage Of Revenue
GrossProfitAsPercentageOfRevenue
0.87
CY2019Q3 us-gaap Revenues
Revenues
2834126000 USD
CY2018Q3 us-gaap Revenues
Revenues
2291076000 USD
us-gaap Revenues
Revenues
8179352000 USD
us-gaap Revenues
Revenues
6565383000 USD
CY2019Q3 adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
2546571000 USD
CY2018Q3 adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
2021505000 USD
adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
7307635000 USD
adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
5737994000 USD
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1360000000 USD
CY2018Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
105800000 USD
CY2019Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1370000000 USD
CY2019Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
105900000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
15000000.0 USD
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
11800000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
46400000 USD
CY2019Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
76200000 USD
CY2018Q4 us-gaap Deferred Revenue
DeferredRevenue
3000000000.00 USD
CY2019Q3 us-gaap Deferred Revenue
DeferredRevenue
3260000000 USD
CY2019Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
500000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2700000000 USD
CY2019Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
8770000000 USD
CY2019Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.74
CY2019Q3 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2018Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
413200000 USD
CY2019Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
473200000 USD
CY2019Q3 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
315700000 USD
CY2018Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
75300000 USD
CY2019Q3 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
102500000 USD
CY2019Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
3646783000 USD
CY2019Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
4513000 USD
CY2019Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
508000 USD
CY2019Q3 us-gaap Cash Cash Equivalents And Short Term Investments
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218000 USD
adbe Realized Investment Gains
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45254000 USD
adbe Realized Investment Gains
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5333000 USD
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RealizedInvestmentLosses
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adbe Realized Investment Losses
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130000 USD
adbe Realized Investment Losses
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adbe Unrealized Investment Gains
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2251000 USD
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
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