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: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 2, 2022 10-K (Filed: Jan 17, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | |
| Cash flows from operating activities: | |||
| Net income | $ 4,756 | 4,822 | 5,260 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 856 | 788 | 757 |
| Stock-based compensation | 1,440 | 1,069 | 909 |
| Reduction of operating lease right-of-use assets | 83 | 73 | 87 |
| Deferred income taxes | 328 | 183 | (1,501) |
| Unrealized losses (gains) on investments, net | 29 | (4) | (11) |
| Other non-cash items | 10 | 7 | 40 |
| Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | |||
| Trade receivables, net | (198) | (430) | 106 |
| Prepaid expenses and other assets | (94) | (475) | (288) |
| Trade payables | 66 | (20) | 96 |
| Accrued expenses and other liabilities | 7 | 162 | 86 |
| Income taxes payable | 19 | 2 | (72) |
| Deferred revenue | 536 | 1,053 | 258 |
| Net cash provided by operating activities | 7,838 | 7,230 | 5,727 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (909) | (1,533) | (1,071) |
| Maturities of short-term investments | 683 | 877 | 915 |
| Proceeds from sales of short-term investments | 270 | 191 | 167 |
| Acquisitions, net of cash acquired | (126) | (2,682) | 0 |
| Purchases of property and equipment | (442) | (348) | (419) |
| Purchases of long-term investments, intangibles and other assets | (46) | (42) | (15) |
| Proceeds from sale of long-term investments and other assets | 0 | 0 | 9 |
| Net cash used for investing activities | (570) | (3,537) | (414) |
| Cash flows from financing activities: | |||
| Repurchases of common stock | (6,550) | (3,950) | (3,050) |
| Proceeds from re-issuance of treasury stock | 278 | 291 | 270 |
| Taxes paid related to net share settlement of equity awards | (518) | (719) | (681) |
| Proceeds from issuance of debt | 0 | 0 | 3,144 |
| Repayment of debt | 0 | 0 | (3,150) |
| Other financing activities, net | (35) | 77 | (21) |
| Net cash used for financing activities | (6,825) | (4,301) | (3,488) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (51) | (26) | 3 |
| Net change in cash and cash equivalents | 392 | (634) | 1,828 |
| Cash and cash equivalents at beginning of year | 3,844 | 4,478 | |
| Cash and cash equivalents at end of year | 4,236 | 3,844 | 4,478 |
| Supplemental disclosures: | |||
| Cash paid for income taxes, net of refunds | 778 | 843 | 469 |
| Cash paid for interest | 103 | 100 | 88 |
| External Links | |
| ADOBE INC. (ADBE) Fiscal Year 2022 | |
| 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 |