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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 1, 2017 10-K (Filed: Jan 22, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 1, 2017 | Dec 2, 2016 | Nov 27, 2015 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,693,954 | 1,168,782 | 629,551 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 325,997 | 331,535 | 339,473 |
| Stock-based compensation | 451,451 | 349,912 | 335,859 |
| Deferred income taxes | 51,605 | 24,222 | (69,657) |
| Gain on the sale of property | 0 | 0 | (21,415) |
| Unrealized (gains) losses on investments | (5,494) | 3,145 | (9,210) |
| Excess tax benefits from stock-based compensation | 0 | (75,105) | (68,153) |
| Other non-cash items | 4,625 | 2,022 | 1,216 |
| Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | |||
| Trade receivables, net | (187,173) | (160,416) | (79,502) |
| Prepaid expenses and other current assets | 28,040 | (71,021) | (7,701) |
| Trade payables | (45,186) | (6,281) | 22,870 |
| Accrued expenses | 154,125 | 64,978 | (22,564) |
| Income taxes payable | (34,493) | 43,115 | 97,934 |
| Deferred revenue | 475,402 | 524,840 | 320,801 |
| Net cash provided by operating activities | 2,912,853 | 2,199,728 | 1,469,502 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (1,931,011) | (2,285,222) | (2,064,833) |
| Maturities of short-term investments | 759,737 | 769,228 | 371,790 |
| Proceeds from sales of short-term investments | 1,393,929 | 860,849 | 1,176,476 |
| Acquisitions, net of cash acquired | (459,626) | (48,427) | (826,004) |
| Purchases of property and equipment | (178,122) | (203,805) | (184,936) |
| Proceeds from sale of property | 0 | 0 | 57,779 |
| Purchases of long-term investments, intangibles and other assets | (29,918) | (58,433) | (22,779) |
| Proceeds from sale of long-term investments | 2,134 | 5,777 | 4,149 |
| Net cash used for investing activities | (442,877) | (960,033) | (1,488,358) |
| Cash flows from financing activities: | |||
| Purchases of treasury stock | (1,100,000) | (1,075,000) | (625,000) |
| Proceeds from issuance of treasury stock | 158,351 | 145,697 | 164,270 |
| Taxes paid related to net share settlement of equity awards | (240,126) | (236,400) | (186,373) |
| Excess tax benefits from stock-based compensation | 0 | 75,105 | 68,153 |
| Proceeds from Issuance of Debt | 0 | 0 | 989,280 |
| Repayment of debt and capital lease obligations | (1,960) | (108) | (602,189) |
| Debt issuance costs | 0 | 0 | (8,828) |
| Net cash used for financing activities | (1,183,735) | (1,090,706) | (200,687) |
| Effect of foreign currency exchange rates on cash and cash equivalents | 8,516 | (14,234) | (21,297) |
| Net increase (decrease) in cash and cash equivalents | 1,294,757 | 134,755 | (240,840) |
| Cash and cash equivalents at beginning of year | 1,011,315 | 876,560 | |
| Cash and cash equivalents at end of year | 2,306,072 | 1,011,315 | 876,560 |
| Supplemental disclosures: | |||
| Cash paid for income taxes, net of refunds | 396,668 | 249,884 | 203,010 |
| Cash paid for interest | 69,430 | 66,193 | 56,014 |
| Non-cash investing activities: | |||
| Investment in lease receivable applied to building purchase | 80,439 | 0 | 0 |
| Issuance of common stock and stock awards assumed in business acquisitions | 10,348 | 0 | 677 |
| External Links | |
| ADOBE INC. (ADBE) Fiscal Year 2017 | |
| 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 |