10-Q
Quarterly Report
ADOBE INC.
ADBE
NASDAQ
CIK: 796343
File #: 0-15175
Balance Sheet
44 line items · 2 periods
XBRL
| Item | Mar 1, 2024 | Dec 1, 2023 |
|---|---|---|
ASSETS | ||
Current assets: | ||
Cash and cash equivalents | 6,254,000,000 | 7,141,000,000 |
Short-term investments | 566,000,000 | 701,000,000 |
Trade receivables, net of allowances for doubtful accounts of $16 for both periods | 2,057,000,000 | 2,224,000,000 |
Prepaid expenses and other current assets | 1,131,000,000 | 1,018,000,000 |
Total current assets | 10,008,000,000 | 11,084,000,000 |
Property and equipment, net | 1,988,000,000 | 2,030,000,000 |
Operating lease right-of-use assets, net | 366,000,000 | 358,000,000 |
Goodwill | 12,803,000,000 | 12,805,000,000 |
Other intangibles, net | 1,011,000,000 | 1,088,000,000 |
Deferred income taxes | 1,310,000,000 | 1,191,000,000 |
Other assets | 1,265,000,000 | 1,223,000,000 |
Total assets | 28,751,000,000 | 29,779,000,000 |
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
Current liabilities: | ||
Trade payables | 300,000,000 | 314,000,000 |
Accrued expenses | 1,569,000,000 | 1,942,000,000 |
Debt | 1,497,000,000 | 0 |
Deferred revenue | 5,975,000,000 | 5,837,000,000 |
Income taxes payable | 123,000,000 | 85,000,000 |
Operating lease liabilities | 73,000,000 | 73,000,000 |
Total current liabilities | 9,537,000,000 | 8,251,000,000 |
Long-term liabilities: | ||
Debt | 2,138,000,000 | 3,634,000,000 |
Deferred revenue | 135,000,000 | 113,000,000 |
Income taxes payable | 668,000,000 | 514,000,000 |
Operating lease liabilities | 378,000,000 | 373,000,000 |
Other liabilities | 435,000,000 | 376,000,000 |
Total liabilities | 13,291,000,000 | 13,261,000,000 |
Stockholders’ equity: | ||
Preferred stock, $0.0001 par value; 2 shares authorized; none issued | 0 | 0 |
Common stock, $0.0001 par value; 900 shares authorized; 601 shares issued; 453 and 455 shares outstanding, respectively | 0 | 0 |
Additional paid-in capital | 12,037,000,000 | 11,586,000,000 |
Retained earnings | 33,809,000,000 | 33,346,000,000 |
Accumulated other comprehensive income (loss) | (277,000,000) | (285,000,000) |
Treasury stock, at cost (148 and 146 shares, respectively) | 30,109,000,000 | 28,129,000,000 |
Total stockholders’ equity | 15,460,000,000 | 16,518,000,000 |
Common Stock | 0 | 0 |
Additional Paid-In Capital | 12,037,000,000 | 11,586,000,000 |
Retained Earnings | 33,809,000,000 | 33,346,000,000 |
Accumulated Other Comprehensive Income (Loss) | (277,000,000) | (285,000,000) |
Treasury Stock | (30,109,000,000) | (28,129,000,000) |
Total liabilities and stockholders’ equity | 28,751,000,000 | 29,779,000,000 |