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: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Nov 30, 2018 10-K (Filed: Jan 25, 2019) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 30, 2018 | Dec 1, 2017 | Dec 2, 2016 | |
| Cash flows from operating activities: | |||
| Net income | $ 2,590,774 | 1,693,954 | 1,168,782 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 346,492 | 325,997 | 331,535 |
| Stock-based compensation | 609,562 | 454,472 | 349,297 |
| Deferred income taxes | 468,936 | (51,605) | (24,222) |
| Unrealized losses (gains) on investments, net | 793 | (5,494) | 3,145 |
| Excess tax benefits from stock-based compensation | 0 | 0 | (75,105) |
| Other non-cash items | 7,193 | 4,625 | 2,022 |
| Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | |||
| Trade receivables, net | (1,983) | (187,173) | (160,416) |
| Prepaid expenses and other current assets | (77,225) | 28,040 | (71,021) |
| Trade payables | (54,920) | 45,186 | 6,281 |
| Accrued expenses | 43,837 | 151,104 | 65,593 |
| Income taxes payable | 479,184 | (34,493) | 43,115 |
| Deferred revenue | 444,693 | 475,402 | 524,840 |
| Net cash provided by operating activities | 4,029,304 | 2,912,853 | 2,199,728 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (566,084) | (1,931,011) | (2,285,222) |
| Maturities of short-term investments | 765,860 | 759,737 | 769,228 |
| Proceeds from sales of short-term investments | 1,709,480 | 1,393,929 | 860,849 |
| Acquisitions, net of cash acquired | (6,314,382) | (459,626) | (48,427) |
| Purchases of property and equipment | (266,579) | (178,122) | (203,805) |
| Purchases of long-term investments, intangibles and other assets | (18,513) | (29,918) | (58,433) |
| Proceeds from sale of long-term investments and other assets | 4,923 | 2,134 | 5,777 |
| Net cash used for investing activities | (4,685,295) | (442,877) | (960,033) |
| Cash flows from financing activities: | |||
| Purchases of treasury stock | (2,050,000) | (1,100,000) | (1,075,000) |
| Proceeds from issuance of treasury stock | 190,990 | 158,351 | 145,697 |
| Taxes paid related to net share settlement of equity awards | (393,193) | (240,126) | (236,400) |
| Excess tax benefits from stock-based compensation | 0 | 0 | 75,105 |
| Proceeds from debt issuance, net of costs | 2,248,342 | 0 | 0 |
| Repayment of capital lease obligations | 1,707 | 1,960 | 108 |
| Net cash used for financing activities | (5,568) | (1,183,735) | (1,090,706) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (1,738) | 8,516 | (14,234) |
| Net increase (decrease) in cash and cash equivalents | (663,297) | 1,294,757 | 134,755 |
| Cash and cash equivalents at beginning of year | 2,306,072 | 1,011,315 | |
| Cash and cash equivalents at end of year | 1,642,775 | 2,306,072 | 1,011,315 |
| Supplemental disclosures: | |||
| Cash paid for income taxes, net of refunds | 210,369 | 396,668 | 249,884 |
| Cash paid for interest | 81,258 | 69,430 | 66,193 |
| Non-cash investing activities: | |||
| Investment in lease receivable applied to building purchase | 0 | 80,439 | 0 |
| Issuance of common stock and stock awards assumed in business acquisitions | 2,784 | 10,348 | 0 |
| External Links | |
| ADOBE INC. (ADBE) Fiscal Year 2018 | |
| 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 |