ADOBE INC. ADBE Income Statement

Adobe inc. (ADBE)

Income statement / 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	Aug'08
Revenue:
Subscription
2,825,000	2,686,795	2,546,571	2,456,097	2,305,000	2,184,158	2,021,505	1,923,131	1,793,358	1,695,987	1,570,336	1,483,690	1,383,856	1,262,273	1,168,602	1,083,708	1,070,250	907,434	829,065	773,963	713,442	628,954	547,373	476,694	423,563	359,723	299,346	254,521	224,266	194,537	172,920	159,519	146,230	128,437	114,555	109,471	106,171	100,387	98,632	92,279	95,507	36,875	13,319	12,070	12,338	-
Product
143,000	166,651	157,321	152,816	171,000	150,425	149,127	150,993	171,608	192,876	158,961	171,545	183,385	221,926	180,960	196,500	201,112	284,496	275,338	274,538	290,774	327,951	349,151	479,247	471,454	567,232	582,178	644,899	675,789	852,843	810,457	871,022	808,521	931,895	811,920	829,979	842,689	830,867	829,096	795,260	703,938	670,397	636,546	647,985	729,861	838,813
Services and support
123,000	138,445	130,234	135,367	125,000	130,042	120,444	121,236	113,981	117,732	111,777	116,955	114,405	124,220	114,405	118,501	111,973	114,474	113,365	113,657	104,965	116,423	108,885	112,267	105,103	114,744	113,595	111,129	107,818	106,048	97,203	93,908	90,469	91,829	86,737	83,729	78,846	76,692	62,591	55,496	59,255	50,011	47,642	44,618	44,191	48,444
Revenues
3,091,000	2,991,891	2,834,126	2,744,280	2,601,000	2,464,625	2,291,076	2,195,360	2,078,947	2,006,595	1,841,074	1,772,190	1,681,646	1,608,419	1,463,967	1,398,709	1,383,335	1,306,404	1,217,768	1,162,158	1,109,181	1,073,328	1,005,409	1,068,208	1,000,120	1,041,699	995,119	1,010,549	1,007,873	1,153,428	1,080,580	1,124,449	1,045,220	1,152,161	1,013,212	1,023,179	1,027,706	1,007,946	990,319	943,035	858,700	757,283	697,507	704,673	786,390	887,257
Cost of revenue:
Subscription
355,000	334,159	303,885	296,476	288,000	257,024	199,157	186,355	164,685	170,218	168,915	142,734	141,181	122,196	116,990	115,399	107,275	106,368	103,605	103,694	95,527	87,883	86,670	84,147	76,732	77,314	71,656	66,527	62,580	59,308	56,191	54,823	48,780	51,334	47,492	47,329	47,878	49,187	50,483	50,190	45,735	24,112	8,611	8,080	7,483	-
Product
7,000	9,134	9,146	9,345	12,000	10,899	11,454	10,779	12,877	15,552	11,709	15,488	14,333	17,427	15,435	15,756	20,299	24,320	24,545	21,467	19,703	21,930	23,172	24,499	27,498	26,803	32,564	26,805	51,982	28,687	27,234	40,074	25,668	34,048	26,209	34,666	30,717	35,151	29,147	39,645	23,510	40,744	40,754	47,678	51,435	84,623
Services and support
90,000	108,976	102,932	101,667	97,000	91,338	84,881	84,210	81,340	85,102	82,298	81,138	81,823	76,933	70,276	70,924	70,998	70,673	62,835	60,012	51,568	51,130	47,882	46,258	44,279	43,399	42,856	41,949	42,122	36,983	36,196	36,021	33,817	30,997	30,953	27,206	29,044	22,879	19,454	17,998	20,123	17,468	15,682	16,250	18,435	26,228
Total cost of revenue
452,000	452,269	415,963	407,488	397,000	359,261	295,492	281,344	258,902	270,872	262,922	239,360	237,337	216,556	202,701	202,079	198,572	201,361	190,985	185,173	166,798	160,943	157,724	154,904	148,509	147,516	147,076	135,281	156,684	124,978	119,621	130,918	108,265	116,379	104,654	109,201	107,639	107,217	99,084	107,833	89,368	82,324	65,047	72,008	77,353	110,851
Gross profit
2,639,000	2,539,622	2,418,163	2,336,792	2,204,000	2,105,364	1,995,584	1,914,016	1,820,045	1,735,723	1,578,152	1,532,830	1,444,309	1,391,863	1,261,266	1,196,630	1,184,763	1,105,043	1,026,783	976,985	942,383	912,385	847,685	913,304	851,611	894,183	848,043	875,268	851,189	1,028,450	960,959	993,531	936,955	1,035,782	908,558	913,978	920,067	900,729	891,235	835,202	769,332	674,959	632,460	632,665	709,037	776,406
Operating expenses:
Research and development
532,000	499,443	489,827	475,958	465,000	415,958	398,957	374,128	348,769	324,026	315,555	299,401	285,077	257,849	248,450	232,484	237,204	220,514	218,660	208,047	215,509	213,687	212,049	209,092	209,525	205,196	208,700	203,097	209,638	195,047	189,145	180,903	177,728	195,403	181,039	183,211	178,400	170,378	168,296	167,318	174,340	137,852	138,902	138,470	149,917	170,124
Sales and marketing
857,000	802,106	812,314	848,927	781,000	723,573	670,084	646,215	580,957	574,104	550,093	553,098	520,297	495,042	477,475	462,789	474,891	441,472	422,031	426,998	392,741	408,862	406,475	426,830	410,141	431,540	388,673	402,208	398,033	402,181	368,556	386,459	358,963	368,330	340,724	348,690	328,078	322,708	303,219	320,976	297,294	257,883	231,320	243,209	249,491	271,439
General and administrative
271,000	226,047	219,256	219,334	216,000	212,355	184,063	178,040	170,440	169,567	147,402	156,929	150,808	148,192	143,364	138,130	146,516	135,611	122,578	130,208	145,081	133,534	141,676	129,138	138,984	138,358	128,043	120,870	132,853	111,449	110,249	110,603	102,681	119,586	98,493	95,547	100,979	100,323	102,177	89,953	91,046	74,287	79,593	70,818	74,051	97,156
Restructuring and other charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-751	34	1,755	19,385	201	-366	663	2,294	-791	24,992	2	-275	2,374	-2,191	-2,825	94,502	3,816	-586	41	2,193	-2,090	11,541	11,622	25,394	65	3,531	12,270	1,194
Amortization of intangibles
42,000	42,264	42,954	43,026	47,000	32,932	23,874	17,149	17,146	18,686	19,428	19,320	19,128	18,500	22,652	18,988	18,394	18,050	18,246	18,081	14,272	12,412	13,108	13,352	13,552	13,959	13,064	12,792	12,439	12,283	12,331	12,614	11,429	11,830	10,376	10,392	10,235	18,184	17,620	18,129	18,197	25,901	14,978	15,284	15,392	17,024
Total operating expenses
1,702,000	1,569,860	1,564,351	1,587,245	1,509,000	1,384,818	1,276,978	1,215,532	1,117,312	1,086,383	1,032,478	1,028,748	975,310	919,583	891,941	852,391	877,005	814,609	780,764	783,368	769,358	787,880	773,509	778,046	772,865	791,347	737,689	763,959	752,965	720,685	682,655	688,388	647,976	789,651	634,448	637,254	617,733	613,786	589,222	607,917	592,499	521,317	464,858	471,312	501,121	556,937
Operating income
937,000	969,762	853,812	749,547	695,000	720,546	718,606	698,484	702,733	649,340	545,674	504,082	468,999	472,280	369,325	344,239	307,758	290,434	246,019	193,617	173,025	124,505	74,176	135,258	78,746	102,836	110,354	111,309	98,224	307,765	278,304	305,143	288,979	246,131	274,110	276,724	302,334	286,943	302,013	227,285	176,833	153,642	167,602	161,353	207,916	219,469
Non-operating income (expense):
Interest expense
33,000	36,108	39,529	40,577	41,000	27,873	21,107	20,363	19,899	19,116	18,809	18,347	18,130	17,518	17,281	17,174	18,469	16,515	16,519	16,605	14,545	12,678	13,361	17,103	16,590	16,722	16,747	17,205	16,834	16,767	17,253	16,629	16,838	16,774	16,431	16,727	17,020	16,786	16,395	16,076	7,695	1,535	460	620	792	2,390
Investment gains (losses), net
-3,000	4,682	3,653	-756	44,000	-3,113	2,251	1,079	2,996	2,292	975	1,729	2,557	1,385	1,532	-3,318	-1,169	622	-1,314	223	1,430	343	669	553	-409	1,461	-2,079	-4,245	848	351	944	7,188	1,021	5,174	-993	86	1,590	4,620	3,527	-10,723	-3,534	1,478	607	-1,805	-17,246	2,097
Other income (expense), net
18,000	19,145	16,552	2,558	4,000	9,657	1,608	11,599	16,672	10,496	13,539	5,154	7,206	553	2,725	6,083	4,187	22,399	4,433	3,739	3,338	105	1,454	2,563	3,145	695	1,732	1,268	1,246	-718	1,217	-1,128	-2,785	-1,351	33	-839	-817	11,234	7,607	-6,313	611	6,627	6,667	4,802	13,284	9,338
Total non-operating income (expense), net
-18,000	-12,281	-19,324	-38,775	7,000	-21,329	-17,248	-7,685	-231	-6,328	-4,295	-11,464	-8,367	-15,580	-13,024	-14,409	-15,451	6,506	-13,400	-12,643	-9,777	-12,230	-11,238	-13,987	-13,854	-14,566	-17,094	-20,182	-14,740	-17,134	-15,092	-10,569	-18,602	-12,951	-17,391	-17,480	-16,247	-932	-5,261	-33,112	-10,618	6,570	6,814	2,377	-4,754	9,045
Income before income taxes
919,000	957,481	834,488	710,772	702,000	699,217	701,358	690,799	702,502	643,012	541,379	492,618	460,632	456,700	356,301	329,830	292,307	296,940	232,619	180,974	163,248	112,275	62,938	121,271	64,892	88,270	93,260	91,127	83,484	290,631	263,212	294,574	270,377	233,180	256,719	259,244	286,087	286,011	296,752	194,173	166,215	160,212	174,416	163,730	203,162	228,514
Provision for (benefit from) income taxes
-36,000	105,379	41,725	78,179	28,000	20,977	35,067	27,632	119,426	141,463	121,810	118,228	62,186	57,087	85,513	85,756	38,000	74,235	58,154	33,481	78,360	24,139	18,252	32,744	17,846	22,950	10,258	14,581	18,367	68,298	61,855	70,698	85,168	59,461	61,618	29,808	51,496	17,161	66,687	45,562	39,061	192,255	38,371	37,659	46,727	36,906
Net income
955,000	852,102	792,763	632,593	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	191,608
Basic net income per share
1.98	1.76	1.63	1.30	1.38	1.39	1.36	1.35	1.18	1.01	0.85	0.76	0.81	0.81	0.54	0.49	0.51	0.44	0.35	0.30	0.17	0.18	0.09	0.18	0.09	0.14	0.16	0.15	0.13	0.45	0.41	0.45	0.37	0.35	0.39	0.46	0.47	0.53	0.44	0.28	0.24	-0.06	0.26	0.24	0.30	0.36
Shares used to compute basic net income per share
482,400	483,681	485,848	487,535	488,100	488,256	490,025	491,914	492,061	492,119	493,426	494,371	494,612	495,697	498,584	499,974	499,125	498,382	498,630	499,290	498,754	498,121	498,468	497,931	496,948	499,381	504,116	503,384	498,607	494,907	494,051	495,950	494,016	491,519	494,537	499,686	504,134	507,149	518,710	526,148	524,173	523,542	525,911	524,159	524,268	531,060
Diluted net income per share
1.96	1.74	1.61	1.29	1.36	1.36	1.34	1.33	1.17	0.99	0.84	0.75	0.80	0.80	0.54	0.48	0.50	0.44	0.34	0.29	0.17	0.18	0.09	0.17	0.09	0.12	0.16	0.15	0.13	0.44	0.40	0.45	0.37	0.35	0.39	0.45	0.46	0.51	0.44	0.28	0.24	-0.07	0.26	0.24	0.30	0.35
Shares used to compute diluted net income per share
487,800	488,834	491,042	492,212	494,200	496,821	496,866	498,252	499,433	502,882	500,398	500,351	500,861	503,126	503,669	504,725	505,676	509,739	505,809	505,582	507,526	511,082	507,811	506,687	508,340	519,560	514,058	512,446	507,840	509,372	499,757	501,377	500,378	499,318	498,741	506,280	511,345	514,213	523,179	533,259	532,645	534,788	531,809	528,013	527,830	541,311