ADOBE INC.
For the period ended Nov 28, 2025. Filed Jan 15, 2026.
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FY2025 · Filed Jan 15, 2026
ADBE$237.32-0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In millions, except par value)
| November 28,2025 | November 29,2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $5,431 | $7,613 |
| Short-term investments | 1,164 | 273 |
| Trade receivables, net of allowances for doubtful accounts of $13 and of $14, respectively | 2,344 | 2,072 |
| Prepaid expenses and other current assets | 1,224 | 1,274 |
| Total current assets | 10,163 | 11,232 |
| Property and equipment, net | 1,873 | 1,936 |
| Operating lease right-of-use assets, net | 312 | 281 |
| Goodwill | 12,857 | 12,788 |
| Other intangibles, net | 495 | 782 |
| Deferred income taxes | 2,186 | 1,657 |
| Other assets | 1,610 | 1,554 |
| Total assets | $29,496 | $30,230 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Trade payables | $417 | $361 |
| Accrued expenses and other current liabilities | 2,648 | 2,336 |
| Debt | — | 1,499 |
| Deferred revenue | 6,905 | 6,131 |
| Income taxes payable | 153 | 119 |
| Operating lease liabilities | 77 | 75 |
| Total current liabilities | 10,200 | 10,521 |
| Long-term liabilities: | ||
| Debt | 6,210 | 4,129 |
| Deferred revenue | 125 | 128 |
| Income taxes payable | 469 | 548 |
| Operating lease liabilities | 361 | 353 |
| Other liabilities | 508 | 446 |
| Total liabilities | 17,873 | 16,125 |
| Commitments and contingencies | ||
| 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; 413 and 441 shares outstanding, respectively | — | — |
| Additional paid-in capital | 15,361 | 13,419 |
| Retained earnings | 45,354 | 38,470 |
| Accumulated other comprehensive income (loss) | (245) | (201) |
| Treasury stock, at cost (188 and 160 shares, respectively) | (48,847) | (37,583) |
| Total stockholders’ equity | 11,623 | 14,105 |
| Total liabilities and stockholders’ equity | $29,496 | $30,230 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.