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: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Nov 27, 2015 10-K (Filed: Jan 19, 2016) | |||
(In Thousands, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Nov 27, 2015 | Nov 28, 2014 | Nov 29, 2013 | |
Cash flows from operating activities: | |||
Net income | $ 629,551 | 268,395 | 289,985 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation, amortization and accretion | 339,473 | 313,590 | 321,227 |
Stock-based compensation | 335,859 | 333,701 | 328,987 |
Deferred income taxes | (69,657) | (26,089) | 29,704 |
Gain on the sale of property | (21,415) | 0 | 0 |
Write-down of assets held for sale, net of gains on sale | 0 | 0 | 23,151 |
Unrealized (gains) losses on investments | (9,210) | (74) | 5,665 |
Tax benefit from stock-based compensation | 68,133 | 53,225 | 25,290 |
Excess tax benefits from stock-based compensation | (68,153) | (53,235) | (40,619) |
Other non-cash items | 1,216 | 1,889 | 5,654 |
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | |||
Trade receivables, net | (79,502) | 7,928 | 33,649 |
Prepaid expenses and other current assets | (7,701) | (1,918) | (55,509) |
Trade payables | 22,870 | 6,211 | 7,132 |
Accrued expenses | (5,944) | 37,544 | 41,828 |
Accrued restructuring | (16,620) | 8,871 | (6,949) |
Income taxes payable | 29,801 | 11,006 | (58,875) |
Deferred revenue | 320,801 | 326,438 | 201,366 |
Net cash provided by operating activities | 1,469,502 | 1,287,482 | 1,151,686 |
Cash flows from investing activities: | |||
Purchases of short-term investments | (2,064,833) | (2,014,186) | (2,058,058) |
Maturities of short-term investments | 371,790 | 272,076 | 360,485 |
Proceeds from sales of short-term investments | 1,176,476 | 1,443,577 | 1,449,961 |
Business acquisitions, net of cash acquired | (826,004) | (29,802) | (704,589) |
Purchases of property and equipment | (184,936) | (148,332) | (188,358) |
Proceeds from sale of property and equipment | 57,779 | 0 | 24,260 |
Purchases of long-term investments, intangibles and other assets | (22,779) | (17,572) | (67,737) |
Proceeds from sale of long-term investments | 4,149 | 3,532 | 6,233 |
Net cash used for investing activities | (1,488,358) | (490,707) | (1,177,803) |
Cash flows from financing activities: | |||
Purchases of treasury stock | (625,000) | (600,000) | (1,100,000) |
Proceeds from issuance of treasury stock | 164,270 | 227,841 | 598,194 |
Cost of Issuance of treasury stock | (186,373) | (173,675) | (97,418) |
Excess tax benefits from stock-based compensation | 68,153 | 53,235 | 40,619 |
Proceeds from long-term debt and capital lease obligations | 989,280 | 0 | 25,703 |
Repayment of debt and capital lease obligations | (602,189) | (14,684) | (25,879) |
Debt issuance costs | (8,828) | 0 | (357) |
Net cash used for financing activities | (200,687) | (507,283) | (559,138) |
Effect of foreign currency exchange rates on cash and cash equivalents | (21,297) | (6,648) | (5,241) |
Net increase (decrease) in cash and cash equivalents | (240,840) | 282,844 | (590,496) |
Cash and cash equivalents at beginning of year | 1,117,400 | 834,556 | |
Cash and cash equivalents at end of year | 876,560 | 1,117,400 | 834,556 |
Supplemental disclosures: | |||
Cash paid for income taxes, net of refunds | 203,010 | 20,140 | 129,701 |
Cash paid for interest | 56,014 | 68,886 | 64,843 |
Non-cash investing activities: | |||
Investment in lease receivable applied to building purchase | 0 | 126,800 | 0 |
Issuance of common stock and stock awards assumed in business acquisitions | 677 | 21 | 1,160 |
External Links | |
ADOBE INC. (ADBE) Fiscal Year 2015 | |
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 |