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: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Nov 30, 2012 10-K (Filed: Jan 22, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 30, 2012 | Dec 2, 2011 | Dec 3, 2010 | |
| Cash flows from operating activities: | |||
| Net income | $ 832,775 | 832,847 | 774,680 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 299,766 | 270,205 | 292,738 |
| Stock-based compensation | 298,502 | 286,103 | 231,086 |
| Deferred income taxes | 89,212 | 51,415 | (172,329) |
| Unrealized (gains) losses on investments | (8,535) | (4,349) | 11,517 |
| Retirements and disposals of property and equipment | 1,113 | 14,772 | 674 |
| Other non-cash items | (13,658) | 24,560 | 13,695 |
| Excess tax benefits from stock-based compensation | (10,003) | (9,949) | (16,430) |
| Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | |||
| Trade receivables, net | 45,166 | (81,065) | (134,276) |
| Prepaid expenses and other current assets | 4,552 | (5,100) | (39,963) |
| Trade payables | (62,874) | 32,203 | (10,092) |
| Accrued expenses | (7,770) | (24,708) | 127,814 |
| Accrued restructuring | (66,047) | 71,932 | (26,811) |
| Income taxes payable | 10,041 | (16,661) | (48,656) |
| Deferred revenue | 87,340 | 101,109 | 109,348 |
| Net cash provided by operating activities | 1,499,580 | 1,543,314 | 1,112,995 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (1,776,485) | (1,861,075) | (2,600,787) |
| Maturities of short-term investments | 439,878 | 486,050 | 643,614 |
| Proceeds from sales of short-term investments | 1,126,886 | 1,148,148 | 1,134,365 |
| Business acquisitions, net of cash acquired | (353,195) | (259,046) | (193,281) |
| Purchases of property and equipment | (271,076) | (210,294) | (169,642) |
| Proceeds from sale of property and equipment | 0 | 0 | 32,151 |
| Purchases of long-term investments, intangibles and other assets | (29,701) | (65,600) | (28,216) |
| Proceeds from sale of long-term investments | 29,031 | 4,415 | 22,502 |
| Net cash used for investing activities | (834,662) | (757,402) | (1,159,294) |
| Cash flows from financing activities: | |||
| Purchases of treasury stock | (405,000) | (695,015) | (850,020) |
| Net proceeds from issuance of treasury stock | 169,274 | 144,754 | 139,270 |
| Excess tax benefits from stock-based compensation | 10,003 | 9,949 | 16,430 |
| Proceeds from Long-term Debt and Long-term Capital Lease obligations | 3,152 | 0 | 1,493,439 |
| Repayment of debt and capital lease obligations | (9,855) | (10,046) | (1,003,719) |
| Debt issuance costs | (2,297) | 0 | (10,662) |
| Net cash used for financing activities | (234,723) | (550,358) | (215,262) |
| Effect of foreign currency exchange rates on cash and cash equivalents | 5,357 | 4,055 | 11,965 |
| Net increase (decrease) in cash and cash equivalents | 435,552 | 239,609 | (249,596) |
| Cash and cash equivalents at beginning of year | 989,500 | 749,891 | |
| Cash and cash equivalents at end of year | 1,425,052 | 989,500 | 749,891 |
| Supplemental disclosures: | |||
| Cash paid for income taxes, net of refunds | 201,125 | 158,373 | 389,114 |
| Cash paid for interest | 66,265 | 63,967 | 34,632 |
| Non-cash investing activities: | |||
| Issuance of common stock and stock awards assumed in business acquisitions | 4,265 | 0 | 3,264 |
| Property and equipment acquired under capital leases | 0 | 0 | 32,151 |
| External Links | |
| ADOBE INC. (ADBE) Fiscal Year 2012 | |
| 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 |