10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ADOBE INC. | |||
Ticker: ADBE Fiscal Year: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 3, 2021 10-K (Filed: Jan 21, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | |
| Cash flows from operating activities: | |||
| Net income | $ 4,822 | 5,260 | 2,951 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 788 | 757 | 757 |
| Stock-based compensation | 1,069 | 909 | 788 |
| Reduction of operating lease right-of-use assets | 73 | 87 | 0 |
| Deferred income taxes | 183 | (1,501) | 3 |
| Unrealized losses (gains) on investments, net | (4) | (11) | (48) |
| Other non-cash items | 7 | 40 | 14 |
| Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | |||
| Trade receivables, net | (430) | 106 | (188) |
| Prepaid expenses and other assets | (475) | (288) | (551) |
| Trade payables | (20) | 96 | 23 |
| Accrued expenses and other liabilities | 162 | 86 | 172 |
| Income taxes payable | 2 | (72) | 4 |
| Deferred revenue | 1,053 | 258 | 497 |
| Net cash provided by operating activities | 7,230 | 5,727 | 4,422 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (1,533) | (1,071) | (700) |
| Maturities of short-term investments | 877 | 915 | 700 |
| Proceeds from sales of short-term investments | 191 | 167 | 86 |
| Acquisitions, net of cash acquired | (2,682) | 0 | (101) |
| Purchases of property and equipment | (348) | (419) | (395) |
| Purchases of long-term investments, intangibles and other assets | (42) | (15) | (49) |
| Proceeds from sale of long-term investments and other assets | 0 | 9 | 3 |
| Net cash used for investing activities | (3,537) | (414) | (456) |
| Cash flows from financing activities: | |||
| Repurchases of common stock | (3,950) | (3,050) | (2,750) |
| Proceeds from re-issuance of treasury stock | 291 | 270 | 233 |
| Taxes paid related to net share settlement of equity awards | (719) | (681) | (440) |
| Proceeds from issuance of debt | 0 | 3,144 | 0 |
| Repayment of debt | 0 | (3,150) | 0 |
| Other financing activities, net | 77 | (21) | 11 |
| Net cash used for financing activities | (4,301) | (3,488) | (2,946) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (26) | 3 | (13) |
| Net increase (decrease) in cash and cash equivalents | (634) | 1,828 | 1,007 |
| Cash and cash equivalents at beginning of year | 4,478 | 2,650 | |
| Cash and cash equivalents at end of year | 3,844 | 4,478 | 2,650 |
| Supplemental disclosures: | |||
| Cash paid for income taxes, net of refunds | 843 | 469 | 352 |
| Cash paid for interest | 100 | 88 | 152 |
| External Links | |
| ADOBE INC. (ADBE) Fiscal Year 2021 | |
| 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 |