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: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Nov 29, 2019 10-K (Filed: Jan 21, 2020) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 29, 2019 | Nov 30, 2018 | Dec 1, 2017 | |
| Cash flows from operating activities: | |||
| Net income | $ 2,951,458 | 2,590,774 | 1,693,954 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 736,669 | 346,492 | 325,997 |
| Stock-based compensation | 787,705 | 609,562 | 454,472 |
| Deferred income taxes | (2,707) | 468,936 | (51,605) |
| Unrealized losses (gains) on investments, net | (47,626) | 793 | (5,494) |
| Other non-cash items | 13,835 | 7,193 | 4,625 |
| Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | |||
| Trade receivables, net | (187,826) | (1,983) | (187,173) |
| Prepaid expenses and other assets | (531,054) | (77,225) | 28,040 |
| Trade payables | (23,129) | (54,920) | 45,186 |
| Accrued expenses | 171,705 | 43,837 | 151,104 |
| Income taxes payable | 4,152 | 479,184 | (34,493) |
| Deferred revenue | 496,959 | 444,693 | 475,402 |
| Net cash provided by operating activities | 4,421,813 | 4,029,304 | 2,912,853 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (699,893) | (566,084) | (1,931,011) |
| Maturities of short-term investments | 699,540 | 765,860 | 759,737 |
| Proceeds from sales of short-term investments | 86,137 | 1,709,480 | 1,393,929 |
| Acquisitions, net of cash acquired | (100,704) | (6,314,382) | (459,626) |
| Purchases of property and equipment | (394,479) | (266,579) | (178,122) |
| Purchases of long-term investments, intangibles and other assets | (48,735) | (18,513) | (29,918) |
| Proceeds from sale of long-term investments and other assets | 2,550 | 4,923 | 2,134 |
| Net cash used for investing activities | (455,584) | (4,685,295) | (442,877) |
| Cash flows from financing activities: | |||
| Purchases of treasury stock | (2,750,000) | (2,050,000) | (1,100,000) |
| Proceeds from re-issuance of treasury stock | 232,932 | 190,990 | 158,351 |
| Taxes paid related to net share settlement of equity awards | (439,984) | (393,193) | (240,126) |
| Proceeds from debt issuance, net of costs | 0 | 2,248,342 | 0 |
| Other financing activities, net | 11,008 | (1,707) | (1,960) |
| Net cash used for financing activities | (2,946,044) | (5,568) | (1,183,735) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (12,739) | (1,738) | 8,516 |
| Net increase (decrease) in cash and cash equivalents | 1,007,446 | (663,297) | 1,294,757 |
| Cash and cash equivalents at beginning of year | 1,642,775 | 2,306,072 | |
| Cash and cash equivalents at end of year | 2,650,221 | 1,642,775 | 2,306,072 |
| Supplemental disclosures: | |||
| Cash paid for income taxes, net of refunds | 352,478 | 210,369 | 396,668 |
| Cash paid for interest | 152,075 | 81,258 | 69,430 |
| Non-cash investing activities: | |||
| Investment in lease receivable applied to building purchase | 0 | 0 | 80,439 |
| Issuance of common stock and stock awards assumed in business acquisitions | 0 | 2,784 | 10,348 |
| External Links | |
| ADOBE INC. (ADBE) Fiscal Year 2019 | |
| 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 |