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

20,947

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

2,376

Gross Profit

9,498

11,146

13,920

15,441

17,055

18,571

Selling General & Admin Expenses, Total

4,125

4,559

5,406

6,187

6,764

7,041

R&D Expenses

1,930

2,188

2,540

2,987

3,473

3,834

Amortization of Goodwill and Intangible Assets

175

162

172

169

168

169

Other Operating Expenses, Total

6,230

6,909

8,118

9,343

10,405

11,044

Operating Income

3,268

4,237

5,802

6,098

6,650

7,527

Interest Expense, Total

-157

-116

-113

-112

-113

-147

Interest And Investment Income

68

43

17

61

269

269

Net Interest Expenses

-89

-73

-96

-51

156

122

Currency Exchange Gains (Loss)

-26

-2

-17

-21

-17

-17

Other Non Operating Income (Expenses)

—

—

1

—

1

1

85

EBT, Excl. Unusual Items

3,153

4,163

5,689

6,027

6,790

7,717

Restructuring Charges

—

—

—

—

—

—

—

—

—

—

Merger & Related Restructuring Charges

—

—

—

—

—

—

—

—

—

—

-1,000

Gain (Loss) On Sale Of Investments

52

13

16

-19

9

31

Gain (Loss) On Sale Of Assets

—

—

—

—

—

—

—

—

—

—

EBT, Incl. Unusual Items

3,205

4,176

5,705

6,008

6,799

6,748

Income Tax Expense

254

-1,084

883

1,252

1,371

1,388

Earnings From Continuing Operations

2,951

5,260

4,822

4,756

5,428

5,360

Net Income

2,951

5,260

4,822

4,756

5,428

5,360

Net Income to Common Incl Extra Items

2,951

5,260

4,822

4,756

5,428

5,360

Net Income to Common Excl. Extra Items

2,951

5,260

4,822

4,756

5,428

5,360

Total Shares Outstanding

482.3

479

475

462

455

445

Weighted Avg. Shares Outstanding

486.3

480.9

477.3

469.5

457.1

450.4

Weighted Avg. Shares Outstanding Dil

491.6

485.5

481

470.9

459.1

453.9

EPS

6.1

10.9

10.1

10.1

11.9

11.9

EPS Diluted

6

10.8

10

10.1

11.8

11.8

EBITDA

4,025

4,808

6,378

6,716

7,268

8,134

Effective Tax Rate

7.9%

-26%

15.5%

20.8%

20.2%

20.6%