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: 2017 | |||
Consolidated Statements of Income | |||
Period Ending Dec 1, 2017 10-K (Filed: Jan 22, 2018) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 1, 2017 | Dec 2, 2016 | Nov 27, 2015 | |
| Revenue: | |||
| Subscription | $ 6,133,869 | 4,584,833 | 3,223,904 |
| Products | 706,767 | 800,498 | 1,125,146 |
| Services and support | 460,869 | 469,099 | 446,461 |
| Total revenue | 7,301,505 | 5,854,430 | 4,795,511 |
| Cost of revenue: | |||
| Subscription | 623,048 | 461,860 | 409,194 |
| Products | 57,082 | 68,917 | 90,035 |
| Services and support | 330,361 | 289,131 | 245,088 |
| Total cost of revenue | 1,010,491 | 819,908 | 744,317 |
| Gross profit | 6,291,014 | 5,034,522 | 4,051,194 |
| Operating expenses: | |||
| Research and development | 1,224,059 | 975,987 | 862,730 |
| Sales and marketing | 2,197,592 | 1,910,197 | 1,683,242 |
| General and administrative | 624,706 | 576,202 | 533,478 |
| Amortization of purchased intangibles | 76,562 | 78,534 | 68,649 |
| Total operating expenses | 4,122,919 | 3,540,920 | 3,148,099 |
| Operating income | 2,168,095 | 1,493,602 | 903,095 |
| Non-operating income (expense): | |||
| Interest and other income (expense), net | 36,395 | 13,548 | 33,909 |
| Interest expense | (74,402) | (70,442) | (64,184) |
| Investment gains (losses), net | 7,553 | (1,570) | 961 |
| Total non-operating income (expense), net | (30,454) | (58,464) | (29,314) |
| Income before income taxes | 2,137,641 | 1,435,138 | 873,781 |
| Provision for income taxes | 443,687 | 266,356 | 244,230 |
| Net income | 1,693,954 | 1,168,782 | 629,551 |
| Basic net income per share | 3.43 | 2.35 | 1.26 |
| Shares used to compute basic net income per share | 493,632 | 498,345 | 498,764 |
| Diluted net income per share | 3.38 | 2.32 | 1.24 |
| Shares used to compute diluted net income per share | 501,123 | 504,299 | 507,164 |
| External Links | |
| ADOBE INC. (ADBE) Fiscal Year 2017 | |
| 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 |