2020 Q3 Form 10-Q Financial Statement

#000079634320000201 Filed on September 23, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $3.225B $2.834B $2.744B
YoY Change 13.8% 23.7% 24.99%
Cost Of Revenue $427.0M $416.0M $407.0M
YoY Change 2.64% 40.78% 44.66%
Gross Profit $2.798B $2.418B $2.337B
YoY Change 15.72% 21.17% 22.1%
Gross Profit Margin 86.76% 85.32% 85.17%
Selling, General & Admin $1.122B $1.031B $1.068B
YoY Change 8.83% 20.71% 29.57%
% of Gross Profit 40.1% 42.64% 45.7%
Research & Development $566.0M $490.0M $476.0M
YoY Change 15.51% 22.82% 27.23%
% of Gross Profit 20.23% 20.26% 20.37%
Depreciation & Amortization $191.0M $150.6M $145.6M
YoY Change 26.83% 73.3% 90.58%
% of Gross Profit 6.83% 6.23% 6.23%
Operating Expenses $1.729B $1.564B $1.587B
YoY Change 10.55% 22.48% 30.56%
Operating Profit $1.069B $854.0M $750.0M
YoY Change 25.18% 18.84% 7.38%
Interest Expense $28.00M $40.00M $40.00M
YoY Change -30.0% 89.51% 96.43%
% of Operating Profit 2.62% 4.68% 5.33%
Other Income/Expense, Net -$9.000M -$19.00M -$39.00M
YoY Change -52.63% 10.16% 407.48%
Pretax Income $1.060B $835.0M $711.0M
YoY Change 26.95% 19.05% 2.92%
Income Tax $105.0M $42.00M $78.00M
% Of Pretax Income 9.91% 5.03% 10.97%
Net Earnings $955.0M $793.0M $633.0M
YoY Change 20.43% 19.02% -4.55%
Net Earnings / Revenue 29.61% 27.98% 23.07%
Basic Earnings Per Share $1.99 $1.63 $1.30
Diluted Earnings Per Share $1.97 $1.61 $1.29
COMMON SHARES
Basic Shares Outstanding 480.2M shares 485.8M shares 487.5M shares
Diluted Shares Outstanding 484.9M shares 491.0M shares 492.2M shares

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.264B $3.651B $3.479B
YoY Change 44.18% -26.15% -45.07%
Cash & Equivalents $3.767B $2.209B $2.083B
Short-Term Investments $1.497B $1.442B $1.396B
Other Short-Term Assets $728.0M $651.0M $550.0M
YoY Change 11.83% 108.65% 65.66%
Inventory
Prepaid Expenses
Receivables $1.320B $1.370B $1.270B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.387B $5.750B $5.343B
YoY Change 28.47% -8.74% -30.99%
LONG-TERM ASSETS
Property, Plant & Equipment $1.467B $1.244B $1.205B
YoY Change 17.93% 22.05% 21.29%
Goodwill $10.74B $10.69B $10.70B
YoY Change 0.47% 49.79% 83.73%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $650.0M $557.1M $503.2M
YoY Change 16.68% 203.06% 202.72%
Total Long-Term Assets $15.03B $14.30B $14.32B
YoY Change 5.05% 57.29% 92.98%
TOTAL ASSETS
Total Short-Term Assets $7.387B $5.750B $5.343B
Total Long-Term Assets $15.03B $14.30B $14.32B
Total Assets $22.41B $20.05B $19.67B
YoY Change 11.76% 30.26% 29.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $229.0M $187.0M $169.1M
YoY Change 22.46% 28.46% 44.29%
Accrued Expenses $1.317B $1.303B $1.315B
YoY Change 1.09% 27.71% 27.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $3.149B $3.146B
YoY Change -100.0%
Total Short-Term Liabilities $5.130B $7.803B $7.687B
YoY Change -34.26% 105.77% 106.15%
LONG-TERM LIABILITIES
Long-Term Debt $4.116B $988.0M $988.0M
YoY Change 316.6% -47.31% -47.28%
Other Long-Term Liabilities $221.0M $169.8M $165.0M
YoY Change 30.16% 11.39% 8.23%
Total Long-Term Liabilities $221.0M $169.8M $165.0M
YoY Change 30.16% 11.39% 8.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.130B $7.803B $7.687B
Total Long-Term Liabilities $221.0M $169.8M $165.0M
Total Liabilities $10.70B $9.812B $9.734B
YoY Change 9.06% 50.18% 50.74%
SHAREHOLDERS EQUITY
Retained Earnings $17.38B $13.98B $13.18B
YoY Change 24.37% 25.49% 25.91%
Common Stock $0.00 $61.00K $61.00K
YoY Change -100.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.71B $9.875B $9.159B
YoY Change 28.73% 28.3% 31.02%
Treasury Stock Shares
Shareholders Equity $11.71B $10.24B $9.932B
YoY Change
Total Liabilities & Shareholders Equity $22.41B $20.05B $19.67B
YoY Change 11.76% 30.26% 29.69%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $955.0M $793.0M $633.0M
YoY Change 20.43% 19.02% -4.55%
Depreciation, Depletion And Amortization $191.0M $150.6M $145.6M
YoY Change 26.83% 73.3% 90.58%
Cash From Operating Activities $1.436B $922.6M $1.109B
YoY Change 55.65% -3.42% 13.62%
INVESTING ACTIVITIES
Capital Expenditures -$126.0M -$89.60M -$145.5M
YoY Change 40.63% 41.1% 220.48%
Acquisitions
YoY Change
Other Investing Activities -$189.0M -$75.70M $155.6M
YoY Change 149.67% -94.8% 37.7%
Cash From Investing Activities -$315.0M -$165.4M $10.10M
YoY Change 90.45% -89.12% -85.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -414.0M -624.4M -772.1M
YoY Change -33.7% -7.04% 7.64%
NET CHANGE
Cash From Operating Activities 1.436B 922.6M 1.109B
Cash From Investing Activities -315.0M -165.4M 10.10M
Cash From Financing Activities -414.0M -624.4M -772.1M
Net Change In Cash 707.0M 132.8M 347.4M
YoY Change 432.38% -110.74% 6.3%
FREE CASH FLOW
Cash From Operating Activities $1.436B $922.6M $1.109B
Capital Expenditures -$126.0M -$89.60M -$145.5M
Free Cash Flow $1.562B $1.012B $1.255B
YoY Change 54.32% -0.65% 22.81%

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CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
486000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
481000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
487000000 shares
CY2020Q3 us-gaap Earnings Per Share Diluted
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CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.61
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.26
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
485000000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
491000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
486000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
492000000 shares
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
955000000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
793000000 USD
us-gaap Net Income Loss
NetIncomeLoss
3010000000 USD
us-gaap Net Income Loss
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CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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1000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
7000000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
8000000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
29000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
1000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
7000000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
7000000 USD
CY2019Q2 us-gaap Stockholders Equity
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CY2019Q3 us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
29000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
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CY2019Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
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CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
11000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
3000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
38000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-31000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-38000000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-34000000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-46000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
72000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
62000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
42000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-50000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
35000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-46000000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
997000000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
743000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3045000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2054000000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
10881000000 USD
CY2020Q3 us-gaap Net Income Loss
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
42000000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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CY2020Q3 us-gaap Treasury Stock Value Acquired Cost Method
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CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
232000000 USD
CY2020Q3 us-gaap Stockholders Equity
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CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2019Q3 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
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CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
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750000000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
194000000 USD
CY2019Q3 adbe Changeintreasurystockvalueduetodeferredcompensationplan
Changeintreasurystockvalueduetodeferredcompensationplan
1000000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q4 us-gaap Stockholders Equity
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10530000000 USD
us-gaap Net Income Loss
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3010000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
35000000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
-328000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2200000000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
676000000 USD
adbe Changeintreasurystockvalueduetodeferredcompensationplan
Changeintreasurystockvalueduetodeferredcompensationplan
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CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
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adbe Cumulative Effecton Retained Earnings Impactofadoption
CumulativeEffectonRetainedEarningsImpactofadoption
442000000 USD
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
-180000000 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
568000000 USD
adbe Changeintreasurystockvalueduetodeferredcompensationplan
Changeintreasurystockvalueduetodeferredcompensationplan
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CY2019Q3 us-gaap Stockholders Equity
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10243000000 USD
us-gaap Net Income Loss
NetIncomeLoss
3010000000 USD
us-gaap Net Income Loss
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2100000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
567000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
566000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
676000000 USD
us-gaap Share Based Compensation
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585000000 USD
adbe Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
65000000 USD
adbe Increase Decrease In Operating Lease Right Of Use Assets
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us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Unrealized Gain Loss On Investments
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us-gaap Unrealized Gain Loss On Investments
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43000000 USD
us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Receivables
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us-gaap Increase Decrease In Receivables
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14000000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
281000000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
417000000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
53000000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
20000000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Deferred Revenue
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us-gaap Increase Decrease In Deferred Revenue
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252000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3945000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Short Term Investments
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us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
674000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
478000000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
123000000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
66000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
100000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
316000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
300000000 USD
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
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us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
60000000 USD
us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
8000000 USD
us-gaap Proceeds From Sale Of Longterm Investments
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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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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adbe Cost Of Issuance Of Treasury Stock
CostOfIssuanceOfTreasuryStock
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adbe Cost Of Issuance Of Treasury Stock
CostOfIssuanceOfTreasuryStock
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us-gaap Proceeds From Issuance Of Long Term Debt
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3144000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3150000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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1117000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
566000000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2650000000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1643000000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3767000000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2209000000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
200000000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
232000000 USD
us-gaap Interest Paid Net
InterestPaidNet
88000000 USD
us-gaap Interest Paid Net
InterestPaidNet
125000000 USD
us-gaap Reclassifications
Reclassifications
<div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Reclassification</span></div><div style="text-indent:27pt;text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Certain immaterial prior year amounts have been reclassified to conform to current year presentation in the condensed consolidated statements of cash flows and notes to condensed consolidated financial statements.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Use of Estimates</span></div><div style="text-indent:27pt;text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">In preparing the condensed consolidated financial statements and related disclosures in conformity with GAAP and pursuant to the rules and regulations of the SEC, we must make estimates and judgments that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, sales allowances and programs, bad debts, stock-based compensation, determining the fair value of acquired assets and assumed liabilities, impairment of goodwill and intangible assets, litigation and income taxes. Actual results may differ materially from these estimates.</span></div><div style="text-indent:27pt;text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">In March 2020, the World Health Organization declared the outbreak of a disease caused by a novel strain of the coronavirus (COVID-19) to be a pandemic. This pandemic has created and may continue to create significant uncertainty in the macroeconomic environment which, in addition to other unforeseen effects of this pandemic, may adversely impact our results of operations. As a result, most of our estimates and assumptions may require increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, our estimates may change materially in future periods.</span></div>
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
618000000 USD
CY2020Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P12Y
CY2020Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P14Y
CY2020Q3 adbe Lessee Operating Lease Optionto Terminate Term
LesseeOperatingLeaseOptiontoTerminateTerm
P1Y
CY2020Q3 us-gaap Revenues
Revenues
3225000000 USD
CY2019Q3 us-gaap Revenues
Revenues
2834000000 USD
CY2020Q3 us-gaap Revenues
Revenues
3225000000 USD
CY2020Q3 us-gaap Cost Of Revenue
CostOfRevenue
427000000 USD
CY2020Q3 us-gaap Gross Profit
GrossProfit
2798000000 USD
CY2020Q3 adbe Gross Profit As Percentage Of Revenue
GrossProfitAsPercentageOfRevenue
0.87
CY2019Q3 us-gaap Revenues
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2834000000 USD
CY2019Q3 us-gaap Cost Of Revenue
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416000000 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
2418000000 USD
CY2019Q3 adbe Gross Profit As Percentage Of Revenue
GrossProfitAsPercentageOfRevenue
0.85
us-gaap Revenues
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9444000000 USD
us-gaap Cost Of Revenue
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us-gaap Gross Profit
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8150000000 USD
adbe Gross Profit As Percentage Of Revenue
GrossProfitAsPercentageOfRevenue
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us-gaap Revenues
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us-gaap Cost Of Revenue
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us-gaap Gross Profit
GrossProfit
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adbe Gross Profit As Percentage Of Revenue
GrossProfitAsPercentageOfRevenue
0.85
us-gaap Revenues
Revenues
9444000000 USD
us-gaap Revenues
Revenues
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CY2020Q3 adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
3000000000 USD
CY2019Q3 adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
2547000000 USD
adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
8699000000 USD
adbe Subscriptionand Circulation Revenue
SubscriptionandCirculationRevenue
7308000000 USD
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1320000000 USD
CY2020Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
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CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1530000000 USD
CY2019Q4 us-gaap Unbilled Contracts Receivable
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CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
34000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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CY2020Q3 us-gaap Contract With Customer Asset Net
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CY2019Q4 us-gaap Contract With Customer Asset Net
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CY2020Q3 us-gaap Deferred Revenue
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3450000000 USD
CY2020Q3 adbe Non Cancellable Committed Funds Deferred Revenue Percentage
NonCancellableCommittedFundsDeferredRevenuePercentage
0.06
CY2019Q4 us-gaap Deferred Revenue
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CY2020Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
585000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3000000000.00 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
10340000000 USD
CY2020Q3 adbe Non Cancellable Comitted Funds Remaining Performance Obligation Percentage
NonCancellableComittedFundsRemainingPerformanceObligationPercentage
0.06
CY2020Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.74
CY2020Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
538000000 USD
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
474000000 USD
CY2020Q3 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
115000000 USD
CY2019Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
126000000 USD
CY2020Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
5253000000 USD
CY2020Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
11000000 USD
CY2020Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2020Q3 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
5264000000 USD
CY2019Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
4173000000 USD
CY2019Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
4000000 USD
CY2019Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2019Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
4177000000 USD
CY2020Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
166000000 USD
CY2020Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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