ADOBE INC. ADBE Cash Flow

Adobe inc. (ADBE)

CashFlow / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Mar'19	Nov'18	Aug'18	May'18	Mar'18	Dec'17	Aug'17	May'17	Feb'17	Dec'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10	Feb'10	Nov'09	Aug'09	May'09	Feb'09
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent
955,000	851,861	792,763	632,834	674,000	678,240	666,291	663,167	583,076	501,549	419,569	374,390	398,446	399,613	270,788	244,074	254,307	222,705	174,465	147,493	84,888	88,136	44,686	88,527	47,046	65,320	83,002	76,546	65,117	222,333	201,357	223,876	185,209	173,719	195,101	229,436	234,591	268,850	230,065	148,611	127,154	-32,043	136,045	126,071	156,435
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion
188,000	295,612	150,549	104,508	186,000	106,720	86,890	76,360	76,522	81,234	82,319	81,635	80,809	81,860	84,014	84,461	81,200	86,359	87,550	85,929	79,635	78,147	80,154	77,653	77,636	81,350	82,175	80,950	76,752	78,621	74,110	77,174	69,861	73,290	64,009	66,620	66,286	76,097	73,154	74,906	68,581	85,037	63,921	64,725	68,740
Stock-based compensation
217,000	203,205	195,513	203,987	185,000	169,621	165,131	144,322	135,526	119,744	120,369	116,049	98,310	86,915	84,503	85,569	92,310	81,023	85,976	84,652	84,208	84,890	83,013	83,010	82,788	84,897	81,024	78,870	84,196	75,853	79,669	71,398	71,582	75,134	65,118	74,859	70,992	56,841	49,668	60,097	64,480	41,350	39,654	40,959	45,618
Increase (Decrease) In Operating Lease Right-Of-Use Assets
21,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-93,000	4,454	8,935	8,318	-19,000	-50,822	-18,045	31,425	-431,494	3,746	-4,416	-8,040	60,315	-19,942	-6,689	-6,053	56,906	-21,888	-22,338	-30,310	4,879	-18,177	-12,544	7,973	-3,341	-11,298	22,341	3,485	15,176	6,999	24,119	-5,283	63,377	699	21,920	151	28,645	4,553	1,156	-20,106	-157,932	26,919	2,687	-6,534	26,518
Unrealized losses (gains) on investments, net
-6,000	4,170	3,478	-2,022	42,000	-3,908	1,613	573	929	2,251	643	1,579	1,021	771	1,471	-3,340	-2,047	662	-1,415	276	9,687	121	576	352	-975	1,054	-2,825	-4,312	418	281	851	4,235	3,168	5,811	-2,029	-763	1,330	-2,751	3,456	-9,891	-2,331	1,685	-29,806	714	15,784
Tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,605	11,137	33,584	85,108	-27,051	-4,870	38	-	-	-	-	-	-	-	-	-	-	-	-	-	-756	3,134	35,609	41,670	0	0	2,711
Provision for losses on trade receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,701
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	5,836	3,980	50,430	14,859	9,808	13,606	11,140	33,599	21,282	27,078	4,875	0	-	-	-	-	3,477	1,172	2,684	2,670	853	318	8,778	0	6,258	1,687	1,427	7,058	11,896	168	0	-84
Retirements of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,157
Other non-cash items
-2,000	-11,079	-786	-970	-1,000	-2,349	-1,221	-2,166	-1,457	-2,019	-1,125	-1,366	-115	-2,146	-751	-545	1,420	-956	-962	-539	1,241	-1,060	-1,286	-224	681	-2,682	-12,163	4,544	4,647	-27,280	9,406	6,928	6,650	-7,451	-6,395	-8,011	-2,703	-11,641	-872	-2,495	1,313	-11,442	1,175	6,206	1,567
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities:
Trade receivables, net
-145,000	173,776	99,733	-20,683	-65,000	200,985	-58,321	13,717	-154,398	213,634	105,814	51,975	-184,250	103,383	65,655	65,652	-74,274	79,398	91,371	-29,209	-62,058	64,045	-2,636	21,155	-90,492	78,366	35,824	-16,328	-131,511	50,569	38,923	18,063	-152,721	72,743	-7,710	36,637	-20,605	59,554	46,723	87,600	-59,601	10,090	-383,731	36,870	164,484
Prepaid expenses and other assets
197,000	241,097	147,437	-5,480	148,000	-12,598	-16,789	41,659	64,953	3,784	-17,059	-25,523	10,758	-15,329	-16,694	18,212	84,832	-16,752	-2,854	3,395	23,912	15,270	-37,329	-19,582	43,559	41,840	-4,982	-16,796	35,447	-22,182	-15,326	17,876	15,080	1,000	-11,480	12,864	2,716	28,010	3,145	12,988	-4,180	-6,151	-28,873	5,351	7,859
Trade payables
55,000	22,500	17,898	23,731	-41,000	29,558	21,706	-13,896	17,552	23,211	12,422	-113,635	32,816	4,580	7,862	2,878	-21,601	23,484	13,149	-15,131	1,368	14,516	-1,067	-9,650	2,412	-8,974	12,669	-19,040	22,477	-8,687	-10,984	-661	-42,542	19,856	4,246	5,791	2,310	-7,653	6,192	6,085	-14,716	-6,177	6,158	842	-14,424
Accrued expenses and other liabilities
-98,000	118,631	-63,920	136,994	-20,000	39,738	-48,528	118,097	-70,508	72,807	65,569	104,833	-92,105	71,133	8,950	66,621	-81,111	20,841	7,794	88,621	-139,820	60,164	-25,820	72,211	-60,140	107,820	-19,510	32,484	-78,966	43,690	-7,693	73,141	-116,908	94,477	-47,040	37,939	-110,084	75,704	-1,022	107,424	-54,292	-7,828	-11,712	20,459	-53,098
Accrued restructuring
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,545	-3,554	-528	1,505	-3,245	-1,162	-4,047	-6,047	-3,844	-17,099	-39,057	73,791	2,347	-1,680	-2,526	-517	-7,332	-246	-18,716	19,081	-3,388	-7,483	-16,656
Income taxes payable
10,000	43,323	-51,100	5,929	6,000	45,625	-26,384	-51,349	511,292	-41,373	-32,995	101,514	-61,639	-52,808	5,765	73,218	16,940	14,627	22,313	39,384	21,610	6,054	-6,939	5,555	6,336	17,033	-45,776	-945	-29,187	23,371	-25,923	31,644	-19,051	-3,428	-9,229	-12,909	8,905	-52,101	-22,135	-81,160	106,740	97,001	16,976	-8,822	4,465
Deferred revenue
114,000	244,777	121,862	-35,680	166,000	271,443	33,525	62,063	77,662	289,952	129,872	14,746	40,832	216,765	116,353	68,356	123,366	179,265	77,720	44,772	19,044	158,712	67,934	47,517	52,275	94,737	35,885	-8,770	79,514	59,232	-32,445	43,814	16,739	47,399	1,360	38,629	13,721	5,590	16,572	44,600	42,586	11,984	4,879	-11,971	-50,034
Net cash provided by operating activities
1,325,000	1,376,399	922,638	1,109,776	1,013,000	1,107,993	955,304	976,406	989,601	833,220	704,436	644,827	730,370	695,601	517,885	488,715	497,527	454,515	360,488	471,484	183,015	399,753	268,520	367,536	251,673	314,982	215,525	299,148	322,031	473,659	263,340	448,218	314,363	496,753	325,128	389,331	332,102	310,621	291,423	251,090	259,861	253,841	236,681	261,529	365,743
Cash flows from investing activities:
Purchases of short-term investments
213,000	326,836	233,711	139,346	0	24,206	129,132	80,641	332,105	511,600	405,588	537,809	476,014	471,713	687,227	591,972	534,310	640,545	744,910	360,440	318,938	601,647	516,781	518,160	377,598	422,059	277,365	635,093	723,541	428,917	436,989	558,400	352,179	240,090	483,255	762,653	375,077	601,446	797,015	802,272	400,054	165,351	359,653	347,191	435,171
Maturities of short-term investments
235,000	221,700	157,211	223,629	97,000	159,266	254,516	198,193	153,885	158,607	191,300	190,739	219,091	211,459	191,327	187,503	178,939	117,770	79,881	85,410	88,729	62,904	80,511	82,541	46,120	68,111	96,173	85,243	110,958	63,853	94,114	169,822	112,089	140,349	90,995	120,410	134,296	131,080	226,645	206,931	78,958	130,812	135,510	59,809	137,900
Proceeds from sales of short-term investments
26,000	19,674	36,990	15,473	14,000	1,471,177	37,845	14,344	186,114	415,192	235,503	316,991	426,243	162,363	248,299	255,672	194,515	245,209	270,085	278,571	382,611	530,269	325,924	317,652	269,732	365,088	443,670	274,395	366,808	331,814	305,449	281,951	207,672	118,567	231,097	581,077	217,407	504,692	311,581	177,481	140,611	552,218	231,715	83,811	189,432
Acquisitions, net of cash acquired
0	887	0	-183	100,000	4,681,341	1,618,427	14,614	0	0	0	0	459,626	0	0	48,427	0	0	20,025	5,637	800,342	29,802	0	0	0	214	608,019	0	96,356	0	-50	61	353,184	151,925	70,549	0	36,572	-	-	-	-	-	-	-	-
Purchases of property and equipment
94,000	94,095	89,624	145,760	65,000	62,563	63,558	45,316	95,142	37,684	54,238	55,297	30,903	48,633	55,213	53,759	46,200	64,676	48,984	35,730	35,546	36,775	54,966	27,198	29,393	35,121	46,798	46,249	60,190	81,789	77,432	60,767	51,088	74,897	65,475	37,501	32,421	55,427	39,040	49,628	25,547	34,933	58,431	10,312	15,916
Purchases of long-term investments, intangibles and other assets
2,000	-11,159	36,214	-54,320	78,000	3,225	1,590	4,307	9,391	4,249	5,061	2,390	18,218	2,020	3,850	671	51,892	1,926	2,899	1,923	16,031	5,076	5,550	2,884	4,062	2,917	5,052	13,135	46,633	14,650	5,603	4,245	5,203	51,686	3,242	5,283	5,389	5,340	3,878	13,251	5,747	4,252	8,311	7,379	9,201
Proceeds from sale of long-term investments and other assets
-	-	-	-	-	2,014	12	20	2,877	100	1,270	219	545	5,446	76	149	106	402	1,761	840	1,146	2,168	468	117	779	2,837	156	400	2,840	214	1,191	23,440	4,186	2	183	1,475	2,755	18,916	2,867	0	719	12,787	3,005	510	1,394
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	124	-	-21	164	-2,341	-	-	-	-
Net cash used for investing activities
-48,000	-168,409	-165,330	10,155	-132,000	-3,138,878	-1,520,334	67,679	-93,762	20,366	-36,814	-87,547	-338,882	-143,098	-306,588	-251,505	-258,842	-285,987	-465,091	-38,909	-698,371	-77,959	-170,394	-147,932	-94,422	-15	-397,235	-334,439	-446,114	-129,475	-119,220	-148,260	-437,707	-259,680	-300,122	-102,475	-95,125	-203,004	-266,668	-480,903	-208,719	-1,091,888	-55,894	-217,752	-131,562
Cash flows from financing activities:
Payments for Repurchase of Common Stock
850,000	750,000	750,000	750,000	500,000	300,000	750,000	700,000	300,000	300,000	300,000	300,000	200,000	300,000	400,000	225,000	150,000	125,000	100,000	200,000	200,000	125,000	125,000	150,000	200,000	400,000	400,000	200,000	100,000	100,000	0	225,000	80,000	0	150,000	420,015	125,000	200,000	400,000	250,000	20	0	350,000	0	13
Proceeds from re-issuance of treasury stock
88,000	692	158,328	1,912	72,000	1,247	125,061	298	64,384	669	104,852	1,043	51,787	5,874	87,538	6,741	45,544	9,511	83,590	14,849	56,320	14,000	104,698	-80,661	189,804	-	-	-	-	85,066	60,948	75,871	13,366	1,191	56,180	46,732	40,651	9,630	45,580	34,236	49,824	57,347	73,400	20,215	28,604
Taxes paid related to net share settlement of equity awards
467,000	27,986	35,292	23,706	353,000	24,283	46,405	17,152	305,353	19,546	22,735	14,831	183,014	12,157	16,410	13,038	194,795	9,469	14,949	11,938	150,017	10,382	13,198	-93,485	243,580	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	5,836	3,980	50,430	14,859	9,808	13,606	11,140	33,599	21,282	27,078	4,875	0	-	-	-	-	3,477	1,172	2,684	2,670	853	318	8,778	0	6,258	1,687	1,427	7,058	11,896	0	0	84
Repayments of debt
3,150,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (cost of) issuance of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88,566	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt issuance, net of costs
3,144,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	989,280	0	0	0	0	0	0	0	25,703	0	3,152	0	0	-	-	-	-	0	0	0	1,493,439	-	-	-	-
Other financing activities, net
2,000	10,382	-2,593	6,219	-3,000	-2,839	317	511	304	-3,288	416	644	268	22	65	21	0	0	0	0	602,189	3,253	3,372	3,626	4,433	6,041	10,034	7,297	2,507	2,985	2,316	2,290	2,264	2,243	4,179	1,455	2,169	2,150	1,511	0	1,000,058	-	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	957	153	7,718	0	0	0	0	0	0	0	357	0	0	0	2,297	0	0	0	0	0	0	520	10,142	-	-	-	-
Net cash used for financing activities
-1,233,000	-765,660	-624,371	-772,013	-784,000	1,924,731	-671,661	-717,365	-541,273	-319,509	-218,299	-314,432	-331,495	-300,469	-324,957	-180,888	-284,392	-115,150	-18,710	-186,102	119,275	-103,353	-9,794	-135,927	-258,209	-300,530	-247,371	-22,642	11,405	-80,419	62,956	-148,735	-68,525	-199	-97,681	-365,960	-86,518	-186,262	-354,244	-214,857	540,101	705,346	-276,600	20,215	28,675
Effect of foreign currency exchange rates on cash and cash equivalents
-6,000	-1,156	-6,800	-3,783	-1,000	1,785	-4,151	-5,715	6,343	-2,555	8,277	5,206	-2,412	-8,391	-5,047	-639	-157	-6,110	-3,542	-3,210	-8,435	-4,370	-2,023	-573	318	1,034	1,756	-2,039	-5,992	-1,093	4,066	-1,248	3,632	-16,586	14,412	6,423	-194	14,387	6,032	-7,166	-1,288	44	1,177	13,863	-381
Net increase (decrease) in cash and cash equivalents
38,000	441,174	126,137	344,135	96,000	-104,369	-1,240,842	321,005	360,909	531,522	457,600	248,054	57,581	243,643	-118,707	55,683	-45,864	47,268	-126,855	243,263	-404,516	214,071	86,309	83,104	-100,640	15,471	-427,325	-59,972	-118,670	262,672	211,142	149,975	-188,237	220,288	-58,263	-72,681	150,265	-64,258	-323,457	-451,836	589,955	-132,657	-94,636	77,855	262,475
Supplemental disclosures:
Cash paid for income taxes, net of refunds
45,000	120,665	123,875	55,938	52,000	68,695	68,166	42,401	31,107	185,325	162,673	21,416	27,254	141,376	74,565	17,970	15,973	141,464	41,338	14,214	5,994	13,026	-20,418	11,131	16,401	19,004	42,190	18,644	49,863	37,403	67,617	44,708	51,397	61,118	42,874	37,968	16,413	102,843	87,759	143,848	54,664	26,523	20,611	53,393	4,631
Cash paid for interest
38,000	27,476	46,593	27,006	51,000	19,504	24,251	11,093	26,410	9,661	25,811	9,070	24,888	8,011	24,236	7,869	26,077	7,094	25,114	6,921	16,885	7,324	29,432	390	31,740	509	31,658	716	31,960	487	31,606	289	33,883	379	31,616	349	31,623	497	31,393	125	2,617	147	453	596	892
Non-cash investing activities:
Issuance of common stock and stock awards assumed in business acquisitions
-	-	-	-	-	0	2,784	0	-	0	0	0	10,348	0	0	0	0	-	-	-	-	-	-	-	-	0	499	0	661	0	0	0	4,265	0	0	-549	549	-	-	-	-	-	-	-	-