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 Income | |||
Period Ending Nov 29, 2019 10-K (Filed: Jan 21, 2020) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 29, 2019 | Nov 30, 2018 | Dec 1, 2017 | |
| Revenue: | |||
| Subscription | $ 9,994,463 | 7,922,152 | 6,133,869 |
| Product | 647,788 | 622,153 | 706,767 |
| Services and support | 529,046 | 485,703 | 460,869 |
| Total revenue | 11,171,297 | 9,030,008 | 7,301,505 |
| Cost of revenue: | |||
| Subscription | 1,222,520 | 807,221 | 623,048 |
| Product | 39,625 | 46,009 | 57,082 |
| Services and support | 410,575 | 341,769 | 330,361 |
| Total cost of revenue | 1,672,720 | 1,194,999 | 1,010,491 |
| Gross profit | 9,498,577 | 7,835,009 | 6,291,014 |
| Operating expenses: | |||
| Research and development | 1,930,228 | 1,537,812 | 1,224,059 |
| Sales and marketing | 3,244,347 | 2,620,829 | 2,197,592 |
| General and administrative | 880,637 | 744,898 | 624,706 |
| Amortization of intangibles | 175,244 | 91,101 | 76,562 |
| Total operating expenses | 6,230,456 | 4,994,640 | 4,122,919 |
| Operating income | 3,268,121 | 2,840,369 | 2,168,095 |
| Non-operating income (expense): | |||
| Interest and other income (expense), net | 42,255 | 39,536 | 36,395 |
| Interest expense | (157,214) | (89,242) | (74,402) |
| Investment gains (losses), net | 51,579 | 3,213 | 7,553 |
| Total non-operating income (expense), net | (63,380) | (46,493) | (30,454) |
| Income before income taxes | 3,204,741 | 2,793,876 | 2,137,641 |
| Provision for income taxes | 253,283 | 203,102 | 443,687 |
| Net income | 2,951,458 | 2,590,774 | 1,693,954 |
| Basic net income per share | 6.07 | 5.28 | 3.43 |
| Shares used to compute basic net income per share | 486,291 | 490,564 | 493,632 |
| Diluted net income per share | 6.00 | 5.20 | 3.38 |
| Shares used to compute diluted net income per share | 491,572 | 497,843 | 501,123 |
| 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 |