10-K.Info (Beta Test)
Courtesy of Short Sands, LLC
Income Statement Cash Flow Balance Sheet All Statements
2009 2010 2011 2012 2013 2014 2015
2016 2017 2018 2019 2020 2021 2022
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

ADOBE INC.

Ticker: ADBE   Fiscal Year: 2011

Consolidated Statements of Income

Period Ending Dec 2, 2011 10-K (Filed: Jan 26, 2012)

(In Thousands)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 2, 2011Dec 3, 2010Nov 27, 2009
Revenue:
Products
$
3,424,472
3,159,1612,684,789
Subscription450,645386,80574,602
Services and support341,141254,034186,462
Total revenue4,216,2583,800,0002,945,853
 
Cost of revenue:
Products125,640127,453180,611
Subscription194,033195,59548,286
Services and support118,20080,45467,835
Total cost of revenue437,873403,502296,732
 
Gross profit3,778,3853,396,4982,649,121
 
Operating expenses:
Research and development738,053680,332565,141
Sales and marketing1,385,8221,244,197981,903
General and administrative414,605383,499298,749
Restructuring and other related charges97,77323,26641,260
Amortization of purchased intangibles and incomplete technology42,83372,13071,555
Total operating expenses2,679,0862,403,4241,958,608
 
Operating income1,099,299993,074690,513
 
Non-operating income (expense):
Interest and other income (expense), net(2,974)13,13931,380
Interest expense(66,952)(56,952)(3,407)
Investment gains (losses), net5,857(6,110)(16,966)
Total non-operating income (expense), net(64,069)(49,923)11,007
 
Income before income taxes1,035,230943,151701,520
 
Provision for income taxes202,383168,471315,012
Net income832,847774,680386,508
 
Basic net income per share1.671.490.74
Shares used to compute basic net income per share497,469519,045524,470
Diluted net income per share1.651.470.73
Shares used to compute diluted net income per share503,921525,824530,610
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

ADOBE INC.

Ticker: ADBE   Fiscal Year: 2011

Consolidated Statements of Cash Flows

Period Ending Dec 2, 2011 10-K (Filed: Jan 26, 2012)

(In Thousands, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 2, 2011Dec 3, 2010Nov 27, 2009
Cash flows from operating activities:
Net income
$
832,847
774,680386,508
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion270,205292,738282,423
Stock-based compensation286,103231,086167,581
Deferred income taxes51,415(172,329)49,590
Unrealized (gains) losses on investments(4,349)11,51711,623
Retirements and disposals of property and equipment14,772674821
Tax benefit from employee stock option plans9,56811,10744,381
Other non-cash items14,9922,5882,494
Excess tax benefits from stock-based compensation(9,949)(16,430)(11,980)
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities:
Trade receivables, net(81,065)(134,276)172,287
Prepaid expenses and other current assets(5,100)(39,963)21,814
Trade payables32,203(10,092)(13,601)
Accrued expenses(24,708)127,814(52,179)
Accrued restructuring71,932(26,811)(8,446)
Income taxes payable(16,661)(48,656)109,620
Deferred revenue101,109109,348(45,142)
Net cash provided by operating activities1,543,3141,112,9951,117,794
 
Cash flows from investing activities:
Purchases of short-term investments(1,861,075)(2,600,787)(1,307,366)
Maturities of short-term investments486,050643,614464,031
Proceeds from sales of short-term investments1,148,1481,134,3651,057,176
Business acquisitions, net of cash acquired(259,046)(193,281)(1,582,669)
Purchases of property and equipment(210,294)(169,642)(119,592)
Proceeds from sale of property and equipment032,1510
Purchases of long-term investments, intangibles and other assets(65,600)(28,216)(29,143)
Proceeds from sale of long-term investments4,55820,35117,696
Other(143)2,1512,771
Net cash used for investing activities(757,402)(1,159,294)(1,497,096)
 
Cash flows from financing activities:
Purchases of treasury stock(695,015)(850,020)(350,013)
Proceeds from issuance of treasury stock144,754139,270179,566
Excess tax benefits from stock-based compensation9,94916,43011,980
Proceeds from debt01,493,439650,000
Repayment of debt and capital lease obligations(10,046)(1,003,719)0
Repayment of acquired debt00(13,897)
Debt issuance costs0(10,662)0
Net cash (used for) provided by financing activities(550,358)(215,262)477,636
 
Effect of foreign currency exchange rates on cash and cash equivalents4,05511,96514,703
Net increase (decrease) in cash and cash equivalents239,609(249,596)113,037
 
Cash and cash equivalents at beginning of year749,891999,487
Cash and cash equivalents at end of year989,500749,891999,487
 
Supplemental disclosures:
Cash paid for income taxes, net of refunds158,373389,114105,158
Cash paid for interest63,96734,6322,088
Non-cash investing activities:
Issuance of common stock and stock awards assumed in business acquisitions03,26484,968
Property and equipment acquired under capital leases032,1510
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

ADOBE INC.

Ticker: ADBE   Fiscal Year: 2011

Consolidated Balance Sheets

Period Ending Dec 2, 2011 10-K (Filed: Jan 26, 2012)

(In Thousands, except shares in actual)
 As ofAs of
 Dec 2, 2011Dec 3, 2010
Assets:
Current assets:
Cash and cash equivalents
$
989,500
749,891
Short-term investments1,922,1921,718,124
Trade receivables, net of allowances for doubtful accounts of $15,080 and $15,233, respectively634,373554,328
Deferred income taxes91,96383,247
Prepaid expenses and other current assets133,423110,460
Total current assets3,771,4513,216,050
 
Property and equipment, net527,828448,881
Goodwill3,849,2173,641,844
Purchased and other intangibles, net545,526528,784
Investment in lease receivable207,239207,239
Other assets89,92298,350
Total assets8,991,1838,141,148
 
Liabilities and Stockholders' Equity
Current liabilities:
Trade payables86,66052,432
Accrued expenses554,941564,275
Capital lease obligations9,2128,799
Accrued restructuring80,9308,119
Income taxes payable42,63453,715
Deferred revenue476,402380,748
Total current liabilities1,250,7791,068,088
 
Long-term liabilities:
Debt and capital lease obligations1,505,0961,513,662
Deferred revenue55,30348,929
Accrued restructuring7,4498,254
Income taxes payable156,958164,713
Deferred income taxes181,602103,098
Other liabilities50,88342,017
Total liabilities3,208,0702,948,761
 
Commitments and contingencies  
Stockholders' equity:
Preferred stock, $0.0001 par value; 2,000 shares authorized; none issued00
Common stock, $0.0001 par value; 900,000 shares authorized; 600,834 shares issued; 491,540 and 501,897 shares outstanding, respectively6161
Additional paid-in-capital2,753,8962,458,278
Retained earnings6,528,7355,980,914
Accumulated other comprehensive income29,95017,428
Treasury stock, at cost (109,294 and 98,937 shares, respectively), net of reissuances(3,529,529)(3,264,294)
Total stockholders' equity5,783,1135,192,387
 
Total liabilities and stockholders' equity8,991,1838,141,148
 
External Links 
ADOBE INC. (ADBE) Fiscal Year 2011
Statements of 10-K in Excel https://www.sec.gov/.../Financial.xlxs
Complete 10-K in HTML https://www.sec.gov/.../10-K.html
Complete 10-K in XBRL https://www.sec.gov/.../10-K-xbrl.zip