10-K.Info (Beta Test)
Courtesy of Short Sands, LLC
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 Ended12 Months Ended12 Months Ended
 Nov 27, 2015Nov 28, 2014Nov 29, 2013
Cash flows from operating activities:
Net income
$
629,551
268,395289,985
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion339,473313,590321,227
Stock-based compensation335,859333,701328,987
Deferred income taxes(69,657)(26,089)29,704
Gain on the sale of property(21,415)00
Write-down of assets held for sale, net of gains on sale0023,151
Unrealized (gains) losses on investments(9,210)(74)5,665
Tax benefit from stock-based compensation68,13353,22525,290
Excess tax benefits from stock-based compensation(68,153)(53,235)(40,619)
Other non-cash items1,2161,8895,654
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities:
Trade receivables, net(79,502)7,92833,649
Prepaid expenses and other current assets(7,701)(1,918)(55,509)
Trade payables22,8706,2117,132
Accrued expenses(5,944)37,54441,828
Accrued restructuring(16,620)8,871(6,949)
Income taxes payable29,80111,006(58,875)
Deferred revenue320,801326,438201,366
Net cash provided by operating activities1,469,5021,287,4821,151,686
 
Cash flows from investing activities:
Purchases of short-term investments(2,064,833)(2,014,186)(2,058,058)
Maturities of short-term investments371,790272,076360,485
Proceeds from sales of short-term investments1,176,4761,443,5771,449,961
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 equipment57,779024,260
Purchases of long-term investments, intangibles and other assets(22,779)(17,572)(67,737)
Proceeds from sale of long-term investments4,1493,5326,233
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 stock164,270227,841598,194
Cost of Issuance of treasury stock(186,373)(173,675)(97,418)
Excess tax benefits from stock-based compensation68,15353,23540,619
Proceeds from long-term debt and capital lease obligations989,280025,703
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 year1,117,400834,556
Cash and cash equivalents at end of year876,5601,117,400834,556
 
Supplemental disclosures:
Cash paid for income taxes, net of refunds203,01020,140129,701
Cash paid for interest56,01468,88664,843
Non-cash investing activities:
Investment in lease receivable applied to building purchase0126,8000
Issuance of common stock and stock awards assumed in business acquisitions677211,160
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