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: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Nov 28, 2014 10-K (Filed: Jan 20, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 28, 2014 | Nov 29, 2013 | Nov 30, 2012 | |
| Cash flows from operating activities: | |||
| Net income | $ 268,395 | 289,985 | 832,775 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 313,590 | 321,227 | 299,766 |
| Stock-based compensation | 333,701 | 328,987 | 298,502 |
| Deferred income taxes | (26,089) | 29,704 | 89,212 |
| Write-down of assets held for sale, net of gains on sale | 0 | (23,151) | 0 |
| Unrealized (gains) losses on investments | (74) | 5,665 | (8,535) |
| Tax benefit (shortfall) from employee stock option plans | 53,225 | 25,290 | (16,841) |
| Excess tax benefits from stock-based compensation | (53,235) | (40,619) | (10,003) |
| Other non-cash items | 1,889 | 5,654 | 4,296 |
| Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | |||
| Trade receivables, net | 7,928 | 33,649 | 45,166 |
| Prepaid expenses and other current assets | (1,918) | (55,509) | 4,552 |
| Trade payables | 6,211 | 7,132 | (62,874) |
| Accrued expenses | 37,544 | 41,828 | (7,770) |
| Accrued restructuring | 8,871 | (6,949) | (66,047) |
| Income taxes payable | 11,006 | (58,875) | 10,041 |
| Deferred revenue | 326,438 | 201,366 | 87,340 |
| Net cash provided by operating activities | 1,287,482 | 1,151,686 | 1,499,580 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (2,014,186) | (2,058,058) | (1,776,485) |
| Maturities of short-term investments | 272,076 | 360,485 | 439,878 |
| Proceeds from sales of short-term investments | 1,443,577 | 1,449,961 | 1,126,886 |
| Business acquisitions, net of cash acquired | (29,802) | (704,589) | (353,195) |
| Purchases of property and equipment | (148,332) | (188,358) | (271,076) |
| Proceeds from sale of property and equipment | 0 | 24,260 | 0 |
| Purchases of long-term investments, intangibles and other assets | (17,572) | (67,737) | (29,701) |
| Proceeds from sale of long-term investments | 3,532 | 6,233 | 29,031 |
| Net cash used for investing activities | (490,707) | (1,177,803) | (834,662) |
| Cash flows from financing activities: | |||
| Purchases of treasury stock | (600,000) | (1,100,000) | (405,000) |
| Proceeds from issuance of treasury stock | 227,841 | 598,194 | 235,251 |
| Cost of Issuance of treasury stock | (173,675) | (97,418) | (65,977) |
| Excess tax benefits from stock-based compensation | 53,235 | 40,619 | 10,003 |
| Proceeds from long-term debt and capital lease obligations | 0 | 25,703 | 3,152 |
| Repayment of debt and capital lease obligations | (14,684) | (25,879) | (9,855) |
| Debt issuance costs | 0 | (357) | (2,297) |
| Net cash used for financing activities | (507,283) | (559,138) | (234,723) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (6,648) | (5,241) | 5,357 |
| Net increase (decrease) in cash and cash equivalents | 282,844 | (590,496) | 435,552 |
| Cash and cash equivalents at beginning of year | 834,556 | 1,425,052 | |
| Cash and cash equivalents at end of year | 1,117,400 | 834,556 | 1,425,052 |
| Supplemental disclosures: | |||
| Cash paid for income taxes, net of refunds | 20,140 | 129,701 | 201,125 |
| Cash paid for interest | 68,886 | 64,843 | 66,265 |
| Non-cash investing activities: | |||
| Investment in lease receivable applied to building purchase | 126,800 | 0 | 0 |
| Issuance of common stock and stock awards assumed in business acquisitions | 21 | 1,160 | 4,265 |
| External Links | |
| ADOBE INC. (ADBE) Fiscal Year 2014 | |
| 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 |