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: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Nov 27, 2020 10-K (Filed: Jan 15, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | |
| Cash flows from operating activities: | |||
| Net income | $ 5,260 | 2,951 | 2,591 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 757 | 757 | 346 |
| Stock-based compensation | 909 | 788 | 610 |
| Reduction of operating lease right-of-use assets | 87 | 0 | 0 |
| Deferred income taxes | (1,501) | 3 | (469) |
| Unrealized losses (gains) on investments, net | (11) | (48) | 1 |
| Other non-cash items | 40 | 14 | 7 |
| Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | |||
| Trade receivables, net | 106 | (188) | (2) |
| Prepaid expenses and other assets | (288) | (551) | (77) |
| Trade payables | 96 | 23 | 55 |
| Accrued expenses and other liabilities | 86 | 172 | 44 |
| Income taxes payable | (72) | 4 | 479 |
| Deferred revenue | 258 | 497 | 444 |
| Net cash provided by operating activities | 5,727 | 4,422 | 4,029 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (1,071) | (700) | (566) |
| Maturities of short-term investments | 915 | 700 | 766 |
| Proceeds from sales of short-term investments | 167 | 86 | 1,709 |
| Acquisitions, net of cash acquired | 0 | (101) | (6,314) |
| Purchases of property and equipment | (419) | (395) | (267) |
| Purchases of long-term investments, intangibles and other assets | (15) | (49) | (18) |
| Proceeds from sale of long-term investments and other assets | 9 | 3 | 5 |
| Net cash used for investing activities | (414) | (456) | (4,685) |
| Cash flows from financing activities: | |||
| Purchases of treasury stock | (3,050) | (2,750) | (2,050) |
| Proceeds from re-issuance of treasury stock | 270 | 233 | 191 |
| Taxes paid related to net share settlement of equity awards | (681) | (440) | (393) |
| Proceeds from issuance of debt | 3,144 | 0 | 2,248 |
| Repayment of debt | (3,150) | 0 | 0 |
| Other financing activities, net | (21) | 11 | (1) |
| Net cash used for financing activities | (3,488) | (2,946) | (5) |
| Effect of foreign currency exchange rates on cash and cash equivalents | 3 | (13) | (2) |
| Net increase (decrease) in cash and cash equivalents | 1,828 | 1,007 | (663) |
| Cash and cash equivalents at beginning of year | 2,650 | 1,643 | |
| Cash and cash equivalents at end of year | 4,478 | 2,650 | 1,643 |
| Supplemental disclosures: | |||
| Cash paid for income taxes, net of refunds | 469 | 352 | 210 |
| Cash paid for interest | 88 | 152 | 81 |
| Non-cash investing activities: | |||
| Issuance of common stock and stock awards assumed in business acquisitions | 0 | 0 | 3 |
| External Links | |
| ADOBE INC. (ADBE) Fiscal Year 2020 | |
| 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 |