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: 2010 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 3, 2010 10-K (Filed: Jan 27, 2011) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 3, 2010 | Nov 27, 2009 | Nov 28, 2008 | |
| Cash flows from operating activities: | |||
| Net income | $ 774,680 | 386,508 | 871,814 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 292,738 | 282,423 | 270,269 |
| Stock-based compensation | 231,086 | 167,581 | 172,474 |
| Deferred income taxes | (172,329) | 49,590 | 46,584 |
| Unrealized losses (gains) on investments | 11,517 | 11,623 | (17,377) |
| Tax benefit from employee stock option plans | 11,107 | 44,381 | 90,360 |
| Other non-cash items | 3,262 | 3,315 | 4,784 |
| Excess tax benefits from stock-based compensation | (16,430) | (11,980) | (31,983) |
| Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | |||
| Trade receivables, net | (134,276) | 172,287 | (153,386) |
| Prepaid expenses and other current assets | (39,963) | 21,814 | (5,584) |
| Trade payables | (10,092) | (13,601) | 14,078 |
| Accrued expenses | 127,814 | (52,179) | (13,904) |
| Accrued restructuring | (26,811) | (8,446) | 24,330 |
| Income taxes payable | (48,656) | 109,620 | (57,656) |
| Deferred revenue | 109,348 | (45,142) | 65,879 |
| Net cash provided by operating activities | 1,112,995 | 1,117,794 | 1,280,682 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (2,600,787) | (1,307,366) | (2,381,533) |
| Maturities of short-term investments | 643,614 | 464,031 | 1,568,874 |
| Proceeds from sales of short-term investments | 1,134,365 | 1,057,176 | 717,076 |
| Purchases of property and equipment | (169,642) | (119,592) | (111,792) |
| Proceeds from sale of property and equipment | 32,151 | ||
| Acquisitions, net of cash acquired | (193,281) | (1,582,669) | (3,584) |
| Purchases of long-term investments and other assets | (28,216) | (29,143) | (124,469) |
| Proceeds from sale of long-term investments | 20,351 | 17,696 | 30,747 |
| Other | 2,151 | 2,771 | |
| Net cash used for investing activities | (1,159,294) | (1,497,096) | (304,681) |
| Cash flows from financing activities: | |||
| Purchases of treasury stock | (850,020) | (350,013) | (1,722,715) |
| Proceeds from issuance of treasury stock | 139,270 | 179,566 | 319,165 |
| Excess tax benefits from stock-based compensation | 16,430 | 11,980 | 31,983 |
| Proceeds from debt | 1,493,439 | 650,000 | 800,000 |
| Repayment of debt and capital lease obligations | (1,003,719) | (450,000) | |
| Repayment of acquired debt | (13,897) | ||
| Debt issuance costs | (10,662) | ||
| Net cash (used for) provided by financing activities | (215,262) | 477,636 | (1,021,567) |
| Effect of foreign currency exchange rates on cash and cash equivalents | 11,965 | 14,703 | (14,406) |
| Net (decrease) increase in cash and cash equivalents | (249,596) | 113,037 | (59,972) |
| Cash and cash equivalents at beginning of year | 999,487 | 886,450 | |
| Cash and cash equivalents at end of year | 749,891 | 999,487 | 886,450 |
| Supplemental disclosures: | |||
| Cash paid for income taxes, net of refunds | 389,114 | 105,158 | 126,299 |
| Cash paid for interest | 34,632 | 2,088 | 9,604 |
| Non-cash investing activities: | |||
| Issuance of common stock and stock awards assumed in business acquisitions | 3,264 | 84,968 | |
| Property and equipment acquired under capital leases | 32,151 | ||
| External Links | |
| ADOBE INC. (ADBE) Fiscal Year 2010 | |
| 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 |