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: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Nov 29, 2013 10-K (Filed: Jan 21, 2014) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 29, 2013 | Nov 30, 2012 | Dec 2, 2011 | |
| Cash flows from operating activities: | |||
| Net income | $ 289,985 | 832,775 | 832,847 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 321,227 | 299,766 | 270,205 |
| Stock-based compensation | 328,987 | 298,502 | 286,103 |
| Write-down of assets held for sale, net of gains on sale | 23,151 | 0 | 0 |
| Deferred income taxes | 29,704 | 89,212 | 51,415 |
| Unrealized (gains) losses on investments | 5,665 | (8,535) | (4,349) |
| Retirements and disposals of property and equipment | 2,759 | 1,113 | 14,772 |
| Other non-cash items | 28,185 | (13,658) | 24,560 |
| Excess tax benefits from stock-based compensation | (40,619) | (10,003) | (9,949) |
| Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | |||
| Trade receivables, net | 33,649 | 45,166 | (81,065) |
| Prepaid expenses and other current assets | (55,509) | 4,552 | (5,100) |
| Trade payables | 7,132 | (62,874) | 32,203 |
| Accrued expenses | 41,828 | (7,770) | (24,708) |
| Accrued restructuring | (6,949) | (66,047) | 71,932 |
| Income taxes payable | (58,875) | 10,041 | (16,661) |
| Deferred revenue | 201,366 | 87,340 | 101,109 |
| Net cash provided by operating activities | 1,151,686 | 1,499,580 | 1,543,314 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (2,058,058) | (1,776,485) | (1,861,075) |
| Maturities of short-term investments | 360,485 | 439,878 | 486,050 |
| Proceeds from sales of short-term investments | 1,449,961 | 1,126,886 | 1,148,148 |
| Business acquisitions, net of cash acquired | (704,589) | (353,195) | (259,046) |
| Purchases of property and equipment | (188,358) | (271,076) | (210,294) |
| Proceeds from sale of property and equipment | 24,260 | 0 | 0 |
| Purchases of long-term investments, intangibles and other assets | (67,737) | (29,701) | (65,600) |
| Proceeds from sale of long-term investments | 6,233 | 29,031 | 4,415 |
| Net cash used for investing activities | (1,177,803) | (834,662) | (757,402) |
| Cash flows from financing activities: | |||
| Purchases of treasury stock | (1,100,000) | (405,000) | (695,015) |
| Net proceeds from issuance of treasury stock | 500,776 | 169,274 | 144,754 |
| Excess tax benefits from stock-based compensation | 40,619 | 10,003 | 9,949 |
| Proceeds from long-term debt and capital lease obligations | 25,703 | 3,152 | 0 |
| Repayment of debt and capital lease obligations | (25,879) | (9,855) | (10,046) |
| Debt issuance costs | (357) | (2,297) | 0 |
| Net cash used for financing activities | (559,138) | (234,723) | (550,358) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (5,241) | 5,357 | 4,055 |
| Net increase (decrease) in cash and cash equivalents | (590,496) | 435,552 | 239,609 |
| Cash and cash equivalents at beginning of year | 1,425,052 | 989,500 | |
| Cash and cash equivalents at end of year | 834,556 | 1,425,052 | 989,500 |
| Supplemental disclosures: | |||
| Cash paid for income taxes, net of refunds | 129,701 | 201,125 | 158,373 |
| Cash paid for interest | 64,843 | 66,265 | 63,967 |
| Non-cash investing activities: | |||
| Issuance of common stock and stock awards assumed in business acquisitions | 1,160 | 4,265 | 0 |
| External Links | |
| ADOBE INC. (ADBE) Fiscal Year 2013 | |
| 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 |