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: 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 Ended | 12 Months Ended | 12 Months Ended | |
| Dec 2, 2011 | Dec 3, 2010 | Nov 27, 2009 | |
| Cash flows from operating activities: | |||
| Net income | $ 832,847 | 774,680 | 386,508 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 270,205 | 292,738 | 282,423 |
| Stock-based compensation | 286,103 | 231,086 | 167,581 |
| Deferred income taxes | 51,415 | (172,329) | 49,590 |
| Unrealized (gains) losses on investments | (4,349) | 11,517 | 11,623 |
| Retirements and disposals of property and equipment | 14,772 | 674 | 821 |
| Tax benefit from employee stock option plans | 9,568 | 11,107 | 44,381 |
| Other non-cash items | 14,992 | 2,588 | 2,494 |
| 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 payables | 32,203 | (10,092) | (13,601) |
| Accrued expenses | (24,708) | 127,814 | (52,179) |
| Accrued restructuring | 71,932 | (26,811) | (8,446) |
| Income taxes payable | (16,661) | (48,656) | 109,620 |
| Deferred revenue | 101,109 | 109,348 | (45,142) |
| Net cash provided by operating activities | 1,543,314 | 1,112,995 | 1,117,794 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (1,861,075) | (2,600,787) | (1,307,366) |
| Maturities of short-term investments | 486,050 | 643,614 | 464,031 |
| Proceeds from sales of short-term investments | 1,148,148 | 1,134,365 | 1,057,176 |
| 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 equipment | 0 | 32,151 | 0 |
| Purchases of long-term investments, intangibles and other assets | (65,600) | (28,216) | (29,143) |
| Proceeds from sale of long-term investments | 4,558 | 20,351 | 17,696 |
| Other | (143) | 2,151 | 2,771 |
| 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 stock | 144,754 | 139,270 | 179,566 |
| Excess tax benefits from stock-based compensation | 9,949 | 16,430 | 11,980 |
| Proceeds from debt | 0 | 1,493,439 | 650,000 |
| Repayment of debt and capital lease obligations | (10,046) | (1,003,719) | 0 |
| Repayment of acquired debt | 0 | 0 | (13,897) |
| Debt issuance costs | 0 | (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 equivalents | 4,055 | 11,965 | 14,703 |
| Net increase (decrease) in cash and cash equivalents | 239,609 | (249,596) | 113,037 |
| Cash and cash equivalents at beginning of year | 749,891 | 999,487 | |
| Cash and cash equivalents at end of year | 989,500 | 749,891 | 999,487 |
| Supplemental disclosures: | |||
| Cash paid for income taxes, net of refunds | 158,373 | 389,114 | 105,158 |
| Cash paid for interest | 63,967 | 34,632 | 2,088 |
| Non-cash investing activities: | |||
| Issuance of common stock and stock awards assumed in business acquisitions | 0 | 3,264 | 84,968 |
| Property and equipment acquired under capital leases | 0 | 32,151 | 0 |
| 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 |