ADOBE INC. ADBE Income Statement

Adobe inc. (ADBE)

Income statement / TTM

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
10,514	9,994	9,491	8,966	8,433	7,922	7,433	6,982	6,543	6,133	5,700	5,298	4,898	4,584	4,229	3,890	3,580	3,223	2,945	2,663	2,366	2,076	1,807	1,559	1,337	1,137	972	846	751	673	607	548	498	458	430	414	397	386	323	237	157	74	0	0	0	-
Product
619	647	631	623	621	622	664	674	694	706	735	757	782	800	863	957	1,035	1,125	1,168	1,242	1,447	1,627	1,867	2,100	2,265	2,470	2,755	2,983	3,210	3,342	3,421	3,423	3,382	3,416	3,315	3,332	3,297	3,159	2,998	2,806	2,658	2,684	2,853	0	0	0
Services and support
527	529	520	510	496	485	473	464	460	460	467	469	471	469	459	458	453	446	448	443	442	442	440	445	444	447	438	422	404	387	373	362	352	341	326	301	273	254	227	212	201	186	184	0	0	0
Revenues
11,661	11,171	10,644	10,100	9,552	9,030	8,571	8,121	7,698	7,301	6,903	6,526	6,152	5,854	5,552	5,306	5,069	4,795	4,562	4,350	4,256	4,147	4,115	4,105	4,047	4,055	4,166	4,252	4,366	4,403	4,402	4,335	4,233	4,216	4,072	4,049	3,969	3,800	3,549	3,256	3,018	2,945	3,075	0	0	0
Cost of revenue:
Subscription
1,289	1,222	1,145	1,040	930	807	720	690	646	623	575	523	495	461	446	432	420	409	390	373	354	335	324	309	292	278	260	244	232	219	211	202	194	194	191	194	197	195	170	128	86	48	0	0	0	-
Product
34	39	41	43	45	46	50	50	55	57	58	62	62	68	75	84	90	90	87	86	89	97	101	111	113	138	140	134	147	121	127	125	120	125	126	129	134	127	133	144	152	180	224	0	0	0
Services and support
403	410	392	374	357	341	335	332	329	330	322	310	299	289	282	275	264	245	225	210	196	189	181	176	172	170	163	157	151	143	137	131	122	118	110	98	89	80	75	71	69	67	76	0	0	0
Total cost of revenue
1,727	1,672	1,579	1,459	1,333	1,194	1,106	1,074	1,032	1,010	956	895	858	819	804	792	776	744	703	670	640	622	608	598	578	586	564	536	532	483	475	460	438	437	428	423	421	403	378	344	308	296	325	0	0	0
Gross profit
9,933	9,498	9,064	8,641	8,218	7,835	7,465	7,047	6,666	6,291	5,947	5,630	5,294	5,034	4,747	4,513	4,293	4,051	3,858	3,679	3,615	3,524	3,506	3,507	3,469	3,468	3,602	3,715	3,834	3,919	3,927	3,874	3,795	3,778	3,643	3,626	3,547	3,396	3,170	2,911	2,709	2,649	2,750	0	0	0
Operating expenses:
Research and development
1,997	1,930	1,846	1,755	1,654	1,537	1,445	1,362	1,287	1,224	1,157	1,090	1,023	975	938	908	884	862	855	849	850	844	835	832	826	826	816	796	774	742	743	735	737	738	713	700	684	680	647	618	589	565	597	0	0	0
Sales and marketing
3,320	3,244	3,165	3,023	2,820	2,620	2,471	2,351	2,258	2,197	2,118	2,045	1,955	1,910	1,856	1,801	1,765	1,683	1,650	1,635	1,634	1,652	1,674	1,657	1,632	1,620	1,591	1,570	1,555	1,516	1,482	1,454	1,416	1,385	1,340	1,302	1,274	1,244	1,179	1,107	1,029	981	995	0	0	0
General and administrative
935	880	866	831	790	744	702	665	644	624	603	599	580	576	563	542	534	533	531	550	549	543	548	534	526	520	493	475	465	434	443	431	416	414	395	399	393	383	357	334	315	298	321	0	0	0
Restructuring and other charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	21	20	19	2	1	27	26	23	27	-0	-2	91	93	94	97	5	-0	11	23	46	48	40	41	17	0	0	0
Amortization of intangibles
170	175	165	146	120	91	76	72	74	76	76	79	79	78	78	73	72	68	63	57	53	52	53	53	53	52	50	49	49	48	48	46	44	42	49	56	64	72	79	77	74	71	62	0	0	0
Total operating expenses
6,423	6,230	6,045	5,758	5,386	4,994	4,696	4,451	4,264	4,122	3,956	3,815	3,639	3,540	3,435	3,324	3,255	3,148	3,121	3,114	3,108	3,112	3,115	3,079	3,065	3,045	2,975	2,920	2,844	2,739	2,808	2,760	2,709	2,679	2,503	2,457	2,428	2,403	2,310	2,186	2,049	1,958	1,994	0	0	0
Operating income
3,510	3,268	3,018	2,883	2,832	2,840	2,769	2,596	2,401	2,168	1,991	1,814	1,654	1,493	1,311	1,188	1,037	903	737	565	506	412	391	427	403	422	627	795	989	1,180	1,118	1,114	1,085	1,099	1,140	1,168	1,118	993	859	725	659	690	756	0	0	0
Non-operating income (expense):
Interest expense
149	157	148	130	110	89	80	78	76	74	72	71	70	70	69	68	68	64	60	57	57	59	63	67	67	67	67	68	67	67	67	66	66	66	66	66	66	56	41	25	10	3	4	0	0	0
Investment gains (losses), net
4	51	43	42	44	3	8	7	7	7	6	7	2	-1	-2	-5	-1	0	0	2	2	1	2	-0	-5	-4	-5	-2	9	9	14	12	5	5	5	9	-0	-6	-9	-12	-3	-16	-16	0	0	0
Other income (expense), net
56	42	32	17	26	39	40	52	45	36	26	15	16	13	35	37	34	33	11	8	7	7	7	8	6	4	3	3	0	-3	-4	-5	-4	-2	9	17	11	13	8	7	18	31	34	0	0	0
Total non-operating income (expense), net
-88	-63	-72	-70	-39	-46	-31	-18	-22	-30	-39	-48	-51	-58	-36	-36	-34	-29	-48	-45	-47	-51	-53	-59	-65	-66	-69	-67	-57	-61	-57	-59	-66	-64	-52	-39	-55	-49	-42	-30	5	11	13	0	0	0
Income before income taxes
3,421	3,204	2,946	2,813	2,793	2,793	2,737	2,577	2,379	2,137	1,951	1,766	1,603	1,435	1,275	1,151	1,002	873	689	519	459	361	337	367	337	356	558	728	931	1,118	1,061	1,054	1,019	1,035	1,088	1,128	1,063	943	817	695	664	701	769	0	0	0
Provision for (benefit from) income taxes
189	253	168	162	111	203	323	410	500	443	359	323	290	266	283	256	203	244	194	154	153	92	91	83	65	66	111	163	219	286	277	276	236	202	160	165	180	168	343	315	307	315	159	0	0	0
Net income
3,232	2,951	2,777	2,651	2,681	2,590	2,414	2,167	1,878	1,693	1,592	1,443	1,312	1,168	991	895	798	629	494	365	306	268	245	283	271	289	446	565	712	832	784	777	783	832	927	962	882	774	473	379	357	386	610	0	0	0
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	483	485	487	488	488	490	491	492	492	493	494	494	495	498	499	499	498	498	499	498	498	498	497	496	499	504	503	498	494	494	495	494	491	494	499	504	507	518	526	524	523	525	524	524	531
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	488	491	492	494	496	496	498	499	502	500	500	500	503	503	504	505	509	505	505	507	511	507	506	508	519	514	512	507	509	499	501	500	499	498	506	511	514	523	533	532	534	531	528	527	541