10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ADOBE INC. | |||
Ticker: ADBE Fiscal Year: 2009 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Nov 27, 2009 10-K (Filed: Jan 22, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 27, 2009 | Nov 28, 2008 | Nov 30, 2007 | |
| Cash flows from operating activities: | |||
| Net income | $ 386,508 | 871,814 | 723,807 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 282,423 | 270,269 | 315,464 |
| Stock-based compensation | 167,581 | 172,474 | 149,987 |
| Deferred income taxes | 49,590 | 46,584 | 58,385 |
| Unrealized losses (gains) on investments | 11,623 | (17,377) | (6,776) |
| Tax benefit from employee stock option plans | 44,381 | 90,360 | 55,074 |
| Other non-cash items | 4,434 | 4,784 | (176) |
| Excess tax benefits from stock-based compensation | (11,980) | (31,983) | (85,050) |
| Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | |||
| Trade receivables, net | 172,287 | (153,386) | 46,332 |
| Prepaid expenses and other current assets | 21,814 | (5,584) | 6,418 |
| Trade payables | (13,601) | 14,078 | 3,518 |
| Accrued expenses | (53,320) | (13,904) | 83,281 |
| Accrued restructuring | (8,446) | 24,330 | (13,796) |
| Income taxes payable | 109,620 | (57,656) | 61,448 |
| Deferred revenue | (45,142) | 65,879 | 43,137 |
| Net cash provided by operating activities | 1,117,772 | 1,280,682 | 1,441,053 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (1,307,366) | (2,381,533) | (2,503,147) |
| Maturities of short-term investments | 464,031 | 1,568,874 | 516,839 |
| Proceeds from sales of short-term investments | 1,057,176 | 717,076 | 2,457,347 |
| Purchases of property and equipment | (119,592) | (111,792) | (132,075) |
| Acquisitions, net of cash acquired | (1,582,669) | (3,584) | (75,528) |
| Purchases of long-term investments and other assets | (29,143) | (124,469) | (111,939) |
| Investment in lease receivable | 0 | 0 | (80,439) |
| Issuance costs for credit facility | 0 | 0 | (856) |
| Proceeds from sale of long-term investments | 17,696 | 30,747 | 11,342 |
| Other | 2,771 | 0 | 0 |
| Net cash (used for) provided by investing activities | (1,497,096) | (304,681) | 81,544 |
| Cash flows from financing activities: | |||
| Purchases of treasury stock | (350,013) | (1,722,715) | (1,951,527) |
| Proceeds from issuance of treasury stock | 179,566 | 319,165 | 516,087 |
| Excess tax benefits from stock-based compensation | 11,980 | 31,983 | 85,050 |
| Proceeds from borrowings on credit facility | 650,000 | 800,000 | 0 |
| Repayments of borrowings on credit facility | 0 | (450,000) | 0 |
| Repayments of acquired debt | (13,875) | 0 | 0 |
| Net cash provided by (used for) financing activities | 477,658 | (1,021,567) | (1,350,390) |
| Effect of foreign currency exchange rates on cash and cash equivalents | 14,703 | (14,406) | 1,715 |
| Net increase (decrease) in cash and cash equivalents | 113,037 | (59,972) | 173,922 |
| Cash and cash equivalents at beginning of year | 886,450 | 946,422 | |
| Cash and cash equivalents at end of year | 999,487 | 886,450 | 946,422 |
| Supplemental disclosures: | |||
| Cash paid for income taxes, net of refunds | 105,158 | 126,299 | 55,236 |
| Cash paid for interest | 2,088 | 9,604 | 0 |
| Non-cash investing activities: | |||
| Issuance of common stock and stock awards assumed in business acquisitions | 84,968 | 0 | 0 |
| External Links | |
| ADOBE INC. (ADBE) Fiscal Year 2009 | |
| 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 |