← ADOBE INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $1.2b
$1.7b +44.93%
$2.6b +52.94%
$3.0b +13.92%
$5.3b +78.22%
$4.8b -8.33%
$4.8b -1.37%
$5.4b +14.13%
$5.6b +2.43%
$7.1b +28.24%
—
Amortization of Intangible Assets $152.4m $153.6m $182.6m $402.3m $367.0m $354.0m $405.0m $375.0m $336.0m $310.0m —
Depreciation, Depletion and Amortization $331.5m $326.0m $346.5m $736.7m $757.0m $788.0m $856.0m $872.0m $857.0m $818.0m $759.0m
Depreciation, amortization and accretion $331.5m $326.0m $346.5m $736.7m $757.0m $788.0m $856.0m $872.0m $857.0m $818.0m $759.0m
Other Depreciation and Amortization $157.6m $156.9m $157.1m $173.1m $192.0m $207.0m $189.0m $235.0m $239.0m $236.0m —
Deferred Income Tax Expense (Benefit) $21.9m $50.3m ($467.1m) $4.7m ($1.5b) $192.0m $326.0m ($422.0m) ($468.0m) ($514.0m) ($113.0m)
Deferred income taxes $24.2m $51.6m $468.9m ($2.7m) ($1.5b) $183.0m $328.0m ($426.0m) ($468.0m) ($512.0m) ($113.0m)
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — $719.0m $518.0m $589.0m $677.0m $475.0m —
Share-based Payment Arrangement, Expense — — — — $909.0m $1.1b $1.4b $1.7b $1.8b $1.9b $2.0b
Share-based Payment Arrangement, Noncash Expense $349.9m $451.5m $609.6m $787.7m $909.0m $1.1b $1.4b $1.7b $1.8b $1.9b $2.0b
Stock-based compensation $349.9m $451.5m $609.6m $787.7m $909.0m $1.1b $1.4b $1.7b $1.8b $1.9b $2.0b
Goodwill, Impairment Loss $0 $0 — — — — — — — — $70.0m
Lease-related asset impairments — — — — — — $0 $0 $78.0m $0 —
Operating Lease, Impairment Loss — — — — — — — — $78.0m $0 —
Nonoperating Income (Expense) ($58.5m) ($30.5m) ($46.5m) ($63.4m) ($61.0m) ($97.0m) ($90.0m) $149.0m $190.0m $28.0m —
Other Nonoperating Income (Expense) $29k $83k — — — — — — — $248.0m —
Changes in operating assets and liabilities:
Trade receivables, net ($160.4m) ($187.2m) ($2.0m) ($187.8m) $106.0m ($430.0m) ($198.0m) ($159.0m) $143.0m ($275.0m) ($241.0m)
Increase (Decrease) in Accounts Payable ($6.3m) ($45.2m) $54.9m $23.1m $96.0m ($20.0m) $66.0m ($49.0m) $44.0m $64.0m $72.0m
Trade payables ($6.3m) ($45.2m) ($54.9m) ($23.1m) $96.0m ($20.0m) $66.0m ($49.0m) $44.0m $64.0m —
Accrued expenses and other liabilities $65.0m $154.1m $43.8m $171.7m $86.0m $162.0m $7.0m $146.0m $196.0m $180.0m —
Deferred revenue $524.8m $475.4m $444.7m $497.0m $258.0m $1.1b $536.0m $536.0m $309.0m $771.0m —
Purchases of property and equipment, accrued but unpaid $203.8m $178.1m $266.6m $394.5m $419.0m $348.0m $442.0m $360.0m $183.0m $179.0m ($201.0m)
Prepaid expenses and other assets ($71.0m) $28.0m ($77.2m) ($531.1m) ($288.0m) ($475.0m) ($94.0m) ($818.0m) ($616.0m) ($90.0m) —
Purchases of long-term investments, intangibles and other assets ($58.4m) ($29.9m) ($18.5m) ($48.7m) ($15.0m) ($42.0m) ($46.0m) ($53.0m) ($108.0m) ($134.0m) —
Net Cash Provided by (Used in) Operating Activities $2.2b
$2.9b +32.42%
$4.0b +38.33%
$4.4b +9.74%
$5.7b +29.52%
$7.2b +26.24%
$7.8b +8.41%
$7.3b -6.84%
$8.1b +10.33%
$10.0b +24.52%
$10.5b +4.49%
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $203.8m $178.1m $266.6m $394.5m $419.0m $348.0m $442.0m $360.0m $183.0m $179.0m ($201.0m)
Cash, Cash Equivalents, and Short-term Investments $4.8b $5.8b $3.2b $4.2b $6.0b $5.8b $6.1b $7.8b $7.9b $6.6b —
Gain (Loss) on Investments ($1.6m) $7.6m $3.2m $51.6m $13.0m $16.0m ($19.0m) $16.0m $48.0m $43.0m —
Maturities of short-term investments $769.2m $759.7m $765.9m $699.5m $915.0m $877.0m $683.0m $965.0m $486.0m $1.2b —
Proceeds from sales of short-term investments $860.8m $1.4b $1.7b $86.1m $167.0m $191.0m $270.0m $223.0m $11.0m $6.0m —
Purchases of short-term investments ($2.3b) ($1.9b) ($566.1m) ($699.9m) ($1.1b) ($1.5b) ($909.0m) $0 ($59.0m) ($2.0b) —
Unrealized Gain (Loss) on Investments ($3.1m) $5.5m ($793k) $47.6m $11.0m $4.0m ($29.0m) $10.0m $35.0m — $29.0m
Acquisitions, net of cash acquired ($48.4m) ($459.6m) ($6.3b) ($100.7m) $0 ($2.7b) ($126.0m) $0 $0 ($17.0m) ($1.6b)
Payments to Acquire Businesses, Net of Cash Acquired $48.4m $459.6m $6.3b $100.7m $0 $2.7b $126.0m $0 $0 $17.0m ($1.6b)
Other investing activities, net — — — — — — — $1.0m $2.0m $3.0m —
Payments for (Proceeds from) Other Investing Activities — — — — — — — — — ($3.0m) —
Net cash provided by (used for) investing activities ($960.0m) ($442.9m) ($4.7b) ($455.6m) ($414.0m) ($3.5b) ($570.0m) $776.0m $149.0m ($1.2b) —
Net Cash Provided by (Used in) Investing Activities ($960.0m) ($442.9m) ($4.7b) ($455.6m) ($414.0m) ($3.5b) ($570.0m) $776.0m $149.0m ($1.2b) ($1.7b)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $0 — — — — — — — — $2.0b $493.0m
Proceeds from issuance of debt $0 $0 $2.2b $0 $3.1b $0 $0 $0 $2.0b $2.0b $493.0m
Repayment of debt — — $0 $0 ($3.1b) $0 $0 ($500.0m) $0 ($1.5b) $0
Repayments of Long-term Debt — — — — $3.1b $0 $0 $500.0m $0 $1.5b $0
Payments for Repurchase of Common Stock $1.1b $1.1b $2.0b $2.8b $3.0b $4.0b $6.5b $4.4b $9.5b $11.3b —
Repurchases of common stock ($1.1b) ($1.1b) ($2.0b) ($2.8b) ($3.0b) ($4.0b) ($6.5b) ($4.4b) ($9.5b) ($11.3b) —
Other financing activities, net — — ($1.7m) $11.0m ($21.0m) $77.0m ($35.0m) ($7.0m) $95.0m ($149.0m) —
Proceeds from (Payments for) Other Financing Activities — — — $11.0m ($21.0m) $77.0m ($35.0m) ($7.0m) $95.0m ($149.0m) —
Net cash used for financing activities ($1.1b)
($1.2b) -8.53%
($5.6m) +99.53%
($2.9b) -52810.27%
($3.5b) -18.40%
($4.3b) -23.31%
($6.8b) -58.68%
($5.2b) +24.07%
($7.7b) -49.05%
($11.1b) -43.19%
—
Net Cash Provided by (Used in) Financing Activities ($1.1b)
($1.2b) -8.53%
($5.6m) +99.53%
($2.9b) -52810.27%
($3.5b) -18.40%
($4.3b) -23.31%
($6.8b) -58.68%
($5.2b) +24.07%
($7.7b) -49.05%
($11.1b) -43.19%
($8.8b) +20.16%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — $1.8b ($634.0m) $392.0m $2.9b $472.0m ($2.2b) $4.9b
Cash and cash equivalents at beginning of year $876.6m $1.0b $2.3b $1.6b $2.6b $4.5b $4.2b $7.1b $7.6b $5.4b $4.9b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — $4.2b $7.1b $7.6b $5.4b $4.9b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — ($51.0m) $9.0m ($9.0m) $34.0m $2.0m
Effect of foreign currency exchange rates on cash and cash equivalents ($14.2m) $8.5m ($1.7m) ($12.7m) $3.0m ($26.0m) ($51.0m) $9.0m ($9.0m) $34.0m —
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Additional Financial Items
Foreign Currency Transaction Gain (Loss), before Tax ($35.7m) ($30.7m) ($42.6m) ($26.3m) ($2.0m) ($17.0m) ($21.0m) ($17.0m) ($29.0m) ($15.0m) —
Gain (Loss) on Sale of Properties $0 $0 — — — — — — — — —
General and Administrative Expense $577.7m $624.7m $744.9m $880.6m $968.0m $1.1b $1.2b $1.4b $1.5b $1.6b —
Goodwill $5.4b $5.8b $10.6b $10.7b $10.7b $12.7b $12.8b $12.8b $12.8b $12.9b $70.0m
Income Tax Expense (Benefit) $266.4m $443.7m $203.1m $253.3m ($1.1b) $883.0m $1.3b $1.4b $1.4b $1.6b —
Income Taxes Paid, Net $249.9m $396.7m $210.4m $352.5m $469.0m $843.0m $778.0m $1.9b $1.7b $2.2b —
Income taxes payable ($32.0m) ($34.5m) $479.2m $4.2m ($72.0m) $2.0m $19.0m ($11.0m) $68.0m ($45.0m) —
Interest Expense Nonoperating — — — — — — — — $169.0m $263.0m —
Interest Paid, Excluding Capitalized Interest, Operating Activities $66.2m $69.4m $81.3m $152.1m $88.0m $100.0m $103.0m $106.0m $143.0m $246.0m —
Investment Income, Interest $47.3m $66.1m $92.5m $68.3m $43.0m $17.0m $61.0m $269.0m $341.0m $264.0m —
Net change in cash and cash equivalents — — ($663.0m) $1.0b $1.8b ($634.0m) $392.0m $2.9b $472.0m ($2.2b) —
Noncash investing and financing activities:
Operating Expenses $3.5b $4.1b $5.0b $6.2b $6.9b $8.1b $9.3b $10.4b $12.4b $12.5b —
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $16.4m $32.0m $49.0m $44.3m — — — — — — —
Other non-cash items $2.0m $4.6m $7.2m $13.8m $40.0m $7.0m $10.0m $3.0m $10.0m $48.0m —
Proceeds from re-issuance of treasury stock $145.7m $158.4m $191.0m $232.9m $270.0m $291.0m $278.0m $314.0m $361.0m $348.0m —
Supplemental disclosure of cash flow information:

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.