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: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 2, 2016 10-K (Filed: Jan 20, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 2, 2016 | Nov 27, 2015 | Nov 28, 2014 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,168,782 | 629,551 | 268,395 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 331,535 | 339,473 | 313,590 |
| Stock-based compensation | 349,912 | 335,859 | 333,701 |
| Deferred income taxes | 24,222 | (69,657) | (26,089) |
| Gain on the sale of property | 0 | (21,415) | 0 |
| Unrealized (gains) losses on investments | 3,145 | (9,210) | (74) |
| Tax benefit from stock-based compensation | 75,102 | 68,133 | 53,225 |
| Excess tax benefits from stock-based compensation | (75,105) | (68,153) | (53,235) |
| Other non-cash items | 2,022 | 1,216 | 1,889 |
| Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | |||
| Trade receivables, net | (160,416) | (79,502) | 7,928 |
| Prepaid expenses and other current assets | (71,021) | (7,701) | (1,918) |
| Trade payables | (6,281) | 22,870 | 6,211 |
| Accrued expenses | 64,978 | (22,564) | 46,415 |
| Income taxes payable | (31,987) | 29,801 | 11,006 |
| Deferred revenue | 524,840 | 320,801 | 326,438 |
| Net cash provided by operating activities | 2,199,728 | 1,469,502 | 1,287,482 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (2,285,222) | (2,064,833) | (2,014,186) |
| Maturities of short-term investments | 769,228 | 371,790 | 272,076 |
| Proceeds from sales of short-term investments | 860,849 | 1,176,476 | 1,443,577 |
| Acquisitions, net of cash acquired | (48,427) | (826,004) | (29,802) |
| Purchases of property and equipment | (203,805) | (184,936) | (148,332) |
| Proceeds from sale of property | 0 | 57,779 | 0 |
| Purchases of long-term investments, intangibles and other assets | (58,433) | (22,779) | (17,572) |
| Proceeds from sale of long-term investments | 5,777 | 4,149 | 3,532 |
| Net cash used for investing activities | (960,033) | (1,488,358) | (490,707) |
| Cash flows from financing activities: | |||
| Purchases of treasury stock | (1,075,000) | (625,000) | (600,000) |
| Proceeds from issuance of treasury stock | 145,697 | 164,270 | 227,841 |
| Cost of issuance of treasury stock | (236,400) | (186,373) | (173,675) |
| Excess tax benefits from stock-based compensation | 75,105 | 68,153 | 53,235 |
| Proceeds from debt issuance | 0 | 989,280 | 0 |
| Repayment of debt and capital lease obligations | (108) | (602,189) | (14,684) |
| Debt issuance costs | 0 | (8,828) | 0 |
| Net cash used for financing activities | (1,090,706) | (200,687) | (507,283) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (14,234) | (21,297) | (6,648) |
| Net increase (decrease) in cash and cash equivalents | 134,755 | (240,840) | 282,844 |
| Cash and cash equivalents at beginning of year | 876,560 | 1,117,400 | |
| Cash and cash equivalents at end of year | 1,011,315 | 876,560 | 1,117,400 |
| Supplemental disclosures: | |||
| Cash paid for income taxes, net of refunds | 249,884 | 203,010 | 20,140 |
| Cash paid for interest | 66,193 | 56,014 | 68,886 |
| Non-cash investing activities: | |||
| Investment in lease receivable applied to building purchase | 0 | 0 | 126,800 |
| Issuance of common stock and stock awards assumed in business acquisitions | 0 | 677 | 21 |
| External Links | |
| ADOBE INC. (ADBE) Fiscal Year 2016 | |
| 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 |