Adobe Inc. Website

Adobe Inc.

NasdaqGS-ADBE

Income Statement
Nov '14
Nov '15
Dec '16
Dec '17
Nov '18
Nov '19
Nov '20
Dec '21
Dec '22
Dec '23
LTM

Total Revenues

11,171

12,868

15,785

17,606

19,409

20,429

Total Revenues % Chg.

23.7%

15.2%

22.7%

11.5%

10.2%

10.9%

Cost of Goods Sold, Total

1,673

1,722

1,865

2,165

2,354

2,402

Gross Profit

9,498

11,146

13,920

15,441

17,055

18,027

Selling General & Admin Expenses, Total

4,125

4,559

5,406

6,187

6,764

6,934

R&D Expenses

1,930

2,188

2,540

2,987

3,473

3,693

Amortization of Goodwill and Intangible Assets

175

162

172

169

168

168

Other Operating Expenses, Total

6,230

6,909

8,118

9,343

10,405

10,795

Operating Income

3,268

4,237

5,802

6,098

6,650

7,232

Interest Expense, Total

-157

-116

-113

-112

-113

-123

Interest And Investment Income

68

43

17

61

269

269

Net Interest Expenses

-89

-73

-96

-51

156

146

Currency Exchange Gains (Loss)

-26

-2

-17

-21

-17

-17

Other Non Operating Income (Expenses)

—

—

1

—

1

1

63

EBT, Excl. Unusual Items

3,153

4,163

5,689

6,027

6,790

7,424

Restructuring Charges

—

—

—

—

—

—

—

—

—

—

Merger & Related Restructuring Charges

—

—

—

—

—

—

—

—

—

—

-1,000

Gain (Loss) On Sale Of Investments

52

13

16

-19

9

25

Gain (Loss) On Sale Of Assets

—

—

—

—

—

—

—

—

—

—

EBT, Incl. Unusual Items

3,205

4,176

5,705

6,008

6,799

6,449

Income Tax Expense

254

-1,084

883

1,252

1,371

1,370

Earnings From Continuing Operations

2,951

5,260

4,822

4,756

5,428

5,079

Net Income

2,951

5,260

4,822

4,756

5,428

5,079

Net Income to Common Incl Extra Items

2,951

5,260

4,822

4,756

5,428

5,079

Net Income to Common Excl. Extra Items

2,951

5,260

4,822

4,756

5,428

5,079

Total Shares Outstanding

482.3

479

475

462

455

449

Weighted Avg. Shares Outstanding

486.3

480.9

477.3

469.5

457.1

453.4

Weighted Avg. Shares Outstanding Dil

491.6

485.5

481

470.9

459.1

456.5

EPS

6.1

10.9

10.1

10.1

11.9

11.2

EPS Diluted

6

10.8

10

10.1

11.8

11.1

EBITDA

4,025

4,808

6,378

6,716

7,268

7,844

Effective Tax Rate

7.9%

-26%

15.5%

20.8%

20.2%

21.2%