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: 2021 | |||
Consolidated Statements of Income | |||
Period Ending Dec 3, 2021 10-K (Filed: Jan 21, 2022) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | |
| Revenue: | |||
| Subscription | $ 14,573 | 11,626 | 9,634 |
| Product | 555 | 507 | 648 |
| Services and other | 657 | 735 | 889 |
| Total revenue | 15,785 | 12,868 | 11,171 |
| Cost of revenue: | |||
| Subscription | 1,374 | 1,108 | 926 |
| Product | 41 | 36 | 40 |
| Services and other | 450 | 578 | 707 |
| Total cost of revenue | 1,865 | 1,722 | 1,673 |
| Gross profit | 13,920 | 11,146 | 9,498 |
| Operating expenses: | |||
| Research and development | 2,540 | 2,188 | 1,930 |
| Sales and marketing | 4,321 | 3,591 | 3,244 |
| General and administrative | 1,085 | 968 | 881 |
| Amortization of intangibles | 172 | 162 | 175 |
| Total operating expenses | 8,118 | 6,909 | 6,230 |
| Operating income | 5,802 | 4,237 | 3,268 |
| Non-operating income (expense): | |||
| Interest expense | (113) | (116) | (157) |
| Investment gains (losses), net | 16 | 13 | 52 |
| Other income (expense), net | 0 | 42 | 42 |
| Total non-operating income (expense), net | (97) | (61) | (63) |
| Income before income taxes | 5,705 | 4,176 | 3,205 |
| Provision for (benefit from) income taxes | 883 | (1,084) | 254 |
| Net income | 4,822 | 5,260 | 2,951 |
| Basic net income per share | 10.10 | 10.94 | 6.07 |
| Shares used to compute basic net income per share | 477,300 | 480,900 | 486,300 |
| Diluted net income per share | 10.02 | 10.83 | 6.00 |
| Shares used to compute diluted net income per share | 481,000 | 485,500 | 491,600 |
| 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 |