ADOBE INC
For the period ended Mar 1, 2024. Filed Mar 27, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 1, 2024 · Filed Mar 27, 2024
Contents
Condensed Consolidated Balance Sheets March 1, 202 and December
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except par value)
| March 1,2024 | December 1,2023 | |
|---|---|---|
| (Unaudited) | (*) | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $6,254 | $7,141 |
| Short-term investments | 566 | 701 |
| Trade receivables, net of allowances for doubtful accounts of $16 for both periods | 2,057 | 2,224 |
| Prepaid expenses and other current assets | 1,131 | 1,018 |
| Total current assets | 10,008 | 11,084 |
| Property and equipment, net | 1,988 | 2,030 |
| Operating lease right-of-use assets, net | 366 | 358 |
| Goodwill | 12,803 | 12,805 |
| Other intangibles, net | 1,011 | 1,088 |
| Deferred income taxes | 1,310 | 1,191 |
| Other assets | 1,265 | 1,223 |
| Total assets | $28,751 | $29,779 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Trade payables | $300 | $314 |
| Accrued expenses | 1,569 | 1,942 |
| Debt | 1,497 | — |
| Deferred revenue | 5,975 | 5,837 |
| Income taxes payable | 123 | 85 |
| Operating lease liabilities | 73 | 73 |
| Total current liabilities | 9,537 | 8,251 |
| Long-term liabilities: | ||
| Debt | 2,138 | 3,634 |
| Deferred revenue | 135 | 113 |
| Income taxes payable | 668 | 514 |
| Operating lease liabilities | 378 | 373 |
| Other liabilities | 435 | 376 |
| Total liabilities | 13,291 | 13,261 |
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value; 2 shares authorized; none issued | — | — |
| Common stock, $0.0001 par value; 900 shares authorized; 601 shares issued; 453 and 455 shares outstanding, respectively | — | — |
| Additional paid-in capital | 12,037 | 11,586 |
| Retained earnings | 33,809 | 33,346 |
| Accumulated other comprehensive income (loss) | (277) | (285) |
| Treasury stock, at cost (148 and 146 shares, respectively) | (30,109) | (28,129) |
| Total stockholders’ equity | 15,460 | 16,518 |
| Total liabilities and stockholders’ equity | $28,751 | $29,779 |
(*) The condensed consolidated balance sheet as of December 1, 2023 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.