$126.1 B

ADBE Mkt cap, 18-Mar-2019

$9 B

Adobe Revenue FY, 2018
Adobe Revenue growth (FY, 2017 - FY, 2018), %24%
Adobe Gross profit (FY, 2018)7.8 B
Adobe Gross profit margin (FY, 2018), %86.8%
Adobe Net income (FY, 2018)2.6 B
Adobe EBIT (FY, 2018)2.8 B
Adobe Cash, 30-Nov-20181.6 B
Adobe EV128.6 B

Adobe Revenue

Adobe revenue was $9.03 b in FY, 2018 which is a 23.7% year over year increase from the previous period.

Embed Graph

Adobe Revenue Breakdown

Embed Graph

Adobe revenue breakdown by business segment: 27.1% from Digital Marketing, 70.0% from Digital Media and 2.9% from Other

Adobe revenue breakdown by geographic segment: 15.1% from APAC, 28.2% from EMEA and 56.7% from Americas

Adobe Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

4.1b4.8b5.9b7.3b9.0b

Revenue growth, %

2%16%22%25%24%

Cost of goods sold

97.1m744.3m819.9m1.0b1.2b

Gross profit

4.0b4.1b5.0b6.3b7.8b

Gross profit Margin, %

98%84%86%86%87%

Sales and marketing expense

1.7b1.7b1.9b2.2b2.6b

R&D expense

844.4m862.7m976.0m1.2b1.5b

General and administrative expense

543.3m531.9m577.7m624.7m744.9m

Operating expense total

3.0b3.1b3.5b4.1b5.0b

Depreciation and amortization

52.4m68.6m78.5m76.6m91.1m

EBIT

412.7m903.1m1.5b2.2b2.8b

EBIT margin, %

10%19%26%30%31%

Interest expense

59.7m64.2m70.4m74.4m89.2m

Interest income

7.3m33.9m13.5m36.4m39.5m

Pre tax profit

356.1m873.8m1.4b2.1b2.8b

Income tax expense

93.0m244.2m266.4m443.7m203.1m

Net Income

268.4m629.6m1.2b1.7b2.6b

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

1.0b1.1b1.0b1.1b1.2b1.2b1.4b1.4b1.5b1.7b1.8b1.8b2.1b2.2b2.3b

Cost of goods sold

148.5m154.9m157.7m166.8m185.2m191.0m198.6m202.1m202.7m237.3m239.4m262.9m258.9m281.3m295.5m

Gross profit

851.6m913.3m847.7m942.4m977.0m1.0b1.2b1.2b1.3b1.4b1.5b1.6b1.8b1.9b2.0b

Gross profit Margin, %

85%85%84%85%84%84%86%86%86%86%86%86%88%87%87%

Sales and marketing expense

410.1m426.8m406.5m392.7m427.0m422.0m474.9m462.8m477.5m520.3m553.1m550.1m581.0m646.2m670.1m

R&D expense

209.5m209.1m212.0m215.5m208.0m218.7m237.2m232.5m248.5m285.1m299.4m315.6m348.8m374.1m399.0m

General and administrative expense

139.0m129.1m141.7m145.1m130.2m122.6m146.9m138.6m143.7m150.8m156.9m147.4m170.4m178.0m184.1m

Operating expense total

772.9m778.0m773.5m769.4m783.4m780.8m877.0m852.4m891.9m975.3m1.0b1.0b1.1b1.2b1.3b

Depreciation and amortization

13.6m13.4m13.1m14.3m18.1m18.2m18.4m19.0m22.7m19.1m19.3m19.4m17.1m17.1m23.9m

EBIT

78.7m135.3m74.2m173.0m193.6m246.0m307.8m344.2m369.3m469.0m504.1m545.7m702.7m698.5m718.6m

EBIT margin, %

8%13%7%16%17%20%22%25%25%28%28%30%34%32%31%

Interest expense

16.6m17.1m13.4m14.5m16.6m16.5m18.5m17.2m17.3m18.1m18.3m18.8m19.9m20.4m21.1m

Interest income

3.1m2.6m1.5m3.3m3.7m4.4m4.2m6.1m2.7m7.2m5.2m13.5m16.7m11.6m1.6m

Pre tax profit

64.9m121.3m62.9m163.2m181.0m232.6m292.3m329.8m356.3m460.6m492.6m541.4m702.5m690.8m701.4m

Income tax expense

17.8m32.7m18.3m78.4m33.5m58.2m38.0m85.8m85.5m62.2m118.2m121.8m119.4m27.6m35.1m

Net Income

47.0m88.5m44.7m84.9m147.5m174.5m254.3m244.1m270.8m398.4m374.4m419.6m583.1m663.2m666.3m

Adobe Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.1b876.6m1.0b2.3b1.6b

Accounts Receivable

591.8m672.0m833.0m1.2b1.3b

Prepaid Expenses

175.8m161.8m245.4m210.1m312.5m

Current Assets

4.6b4.8b5.8b7.2b4.9b

PP&E

785.1m787.4m816.3m937.0m1.1b

Goodwill

4.7b5.4b5.4b5.8b10.6b

Total Assets

10.8b11.7b12.7b14.5b18.8b

Accounts Payable

68.4m93.3m88.0m113.5m186.3m

Short-term debt

603.2m

Current Liabilities

2.5b2.2b2.8b3.5b4.3b

Long-term debt

911.1m1.9b1.9b1.9b4.1b

Total Debt

1.5b1.9b1.9b1.9b4.1b

Total Liabilities

4.0b4.7b5.3b6.1b9.4b

Common Stock

61.0k61.0k61.0k61.0k61.0k

Additional Paid-in Capital

3.8b4.2b4.6b5.1b5.7b

Retained Earnings

6.9b7.3b8.1b9.6b11.8b

Total Equity

6.8b7.0b7.4b8.5b9.4b

Debt to Equity Ratio

0.2 x0.3 x0.3 x0.2 x0.4 x

Debt to Assets Ratio

0.1 x0.2 x0.1 x0.1 x0.2 x

Financial Leverage

1.6 x1.7 x1.7 x1.7 x2 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

733.9m817.0m903.3m712.9m956.1m829.3m830.7m886.4m767.7m1.1b1.3b1.8b2.7b3.0b1.7b

Accounts Receivable

510.5m531.6m528.3m532.4m502.6m593.6m599.2m666.7m731.2m850.8m901.5m1.0b1.1b1.1b1.0b

Prepaid Expenses

208.6m180.1m151.2m202.4m191.3m181.2m238.3m253.4m241.1m257.1m219.2m206.4m270.2m332.5m311.9m

Current Assets

3.9b4.1b4.3b4.0b4.2b4.5b4.9b5.2b5.4b5.8b6.1b6.6b7.5b7.7b6.3b

PP&E

651.1m642.5m785.9m784.3m785.2m797.5m794.9m796.1m811.5m821.7m924.1m939.8m991.7m993.5m1.0b

Goodwill

4.8b4.8b4.7b5.4b5.4b5.4b5.4b5.4b5.4b5.8b5.8b5.8b5.8b5.8b7.1b

Total Assets

10.2b10.4b10.5b11.0b11.2b11.5b11.9b12.2b12.4b13.0b13.4b13.9b15.0b15.2b15.4b

Accounts Payable

64.5m54.9m53.8m71.7m56.5m69.8m71.7m75.6m83.4m191.5m77.9m90.3m131.1m117.2m145.6m

Short-term debt

613.3m609.7m606.4m64.0k

Current Liabilities

2.1b2.2b2.2b1.8b1.9b2.1b2.2b2.4b2.5b3.0b3.0b3.2b3.5b3.7b3.8b

Long-term debt

896.4m896.6m901.8m1.9b1.9b1.9b1.9b1.9b1.9b1.9b1.9b1.9b1.9b1.9b1.9b

Total Debt

1.5b1.5b1.5b1.9b1.9b1.9b1.9b1.9b1.9b1.9b1.9b1.9b1.9b1.9b1.9b

Total Liabilities

3.6b3.7b3.8b4.4b4.6b4.7b4.8b5.0b5.1b5.5b5.6b5.7b6.3b6.5b6.5b

Common Stock

61.0k61.0k61.0k61.0k61.0k61.0k61.0k61.0k61.0k61.0k61.0k61.0k61.0k61.0k61.0k

Additional Paid-in Capital

3.5b3.6b3.7b3.9b4.0b4.1b4.3b4.4b4.5b4.7b4.8b5.0b5.2b5.4b5.5b

Retained Earnings

6.7b6.8b6.9b6.8b6.9b7.0b7.2b7.4b7.7b8.3b8.7b9.1b9.8b10.5b11.1b

Total Equity

6.6b6.6b6.7b6.6b6.6b6.8b7.1b7.2b7.3b7.6b7.8b8.2b8.6b8.7b8.9b

Debt to Equity Ratio

0.2 x0.2 x0.2 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x

Financial Leverage

1.5 x1.6 x1.6 x1.7 x1.7 x1.7 x1.7 x1.7 x1.7 x1.7 x1.7 x1.7 x1.7 x1.7 x1.7 x

Adobe Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

268.4m629.6m1.2b1.7b2.6b

Depreciation and Amortization

313.6m339.5m331.5m326.0m346.5m

Accounts Receivable

7.9m(79.5m)(160.4m)(187.2m)(2.0m)

Accounts Payable

6.2m22.9m(6.3m)(45.2m)(54.9m)

Cash From Operating Activities

282.8m1.5b2.2b2.9b4.0b

Purchases of PP&E

(148.3m)(184.9m)(203.8m)(178.1m)(266.6m)

Cash From Investing Activities

(490.7m)(1.5b)(960.0m)(442.9m)(4.7b)

Long-term Borrowings

(14.7m)(602.2m)(108.0k)(2.0m)(1.7m)

Cash From Financing Activities

(507.3m)(200.7m)(1.1b)(1.2b)(5.6m)

Net Change in Cash

282.8m(240.8m)134.8m1.3b(663.3m)

Interest Paid

68.9m56.0m66.2m69.4m81.3m

Income Taxes Paid

20.1m203.0m249.9m396.7m210.4m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

47.0m135.6m180.3m84.9m232.4m406.8m254.3m498.4m769.2m398.4m772.8m1.2b583.1m1.2b1.9b

Depreciation and Amortization

77.6m155.3m235.4m79.6m165.6m253.1m81.2m165.7m249.7m19.1m162.4m244.8m76.5m152.9m239.8m

Accounts Receivable

90.5m69.3m72.0m62.1m91.3m(104.0k)74.3m8.6m(57.0m)184.3m132.3m26.5m154.4m140.7m199.0m

Accounts Payable

2.4m(7.2m)(8.3m)1.4m(13.8m)(614.0k)(21.6m)(18.7m)(10.9m)32.8m(80.8m)(68.4m)17.6m3.7m25.4m

Cash From Operating Activities

251.7m619.2m887.7m183.0m654.5m1.0b497.5m986.2m1.5b730.4m1.4b2.1b989.6m2.0b2.9b

Purchases of PP&E

(29.4m)(56.6m)(111.6m)(35.5m)(71.3m)(120.3m)(46.2m)(100.0m)(155.2m)(30.9m)(86.2m)(140.4m)(95.1m)(140.5m)(204.0m)

Cash From Investing Activities

(94.4m)(242.4m)(412.7m)(698.4m)(737.3m)(1.2b)(258.8m)(510.3m)(816.9m)(338.9m)(426.4m)(463.2m)(93.8m)(26.1m)(1.5b)

Long-term Borrowings

(4.4m)(8.1m)(11.4m)(602.2m)(602.2m)(602.2m)(21.0k)(86.0k)(268.0k)(912.0k)(1.3m)(304.0k)(815.0k)(1.1m)

Cash From Financing Activities

(258.2m)(394.1m)(403.9m)119.3m(66.8m)(85.5m)(284.4m)(465.3m)(790.2m)(331.5m)(645.9m)(864.2m)(541.3m)(1.3b)(1.9b)

Net Change in Cash

(100.6m)(17.5m)68.8m(404.5m)(161.3m)(288.1m)(45.9m)9.8m(108.9m)57.6m305.6m763.2m360.9m681.9m(558.9m)

Interest Paid

31.7m32.1m61.6m16.9m23.8m48.9m26.1m33.9m58.2m24.9m34.0m59.8m26.4m37.5m61.8m

Income Taxes Paid

16.4m27.5m7.1m6.0m20.2m61.5m16.0m33.9m108.5m27.3m48.7m211.3m31.1m73.5m141.7m

Adobe Ratios

USDY, 2018

EV/EBIT

45.3 x

EV/CFO

31.9 x

Revenue/Employee

472.8k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2 x
Report incorrect company information

Adobe Operating Metrics

Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018

Annual Recurring Revenue

$1.15 b$1.38 b$1.62 b$1.95 b$2.09 b$2.35 b$2.65 b$2.99 b$3.13 b$3.41 b$3.70 b$4.01 b$4.25 b$4.56 b$4.87 b$5.23 b$5.07 b$6.06 b$6.40 b$6.83 b

Creative ARR

$987 m$1.20 b$1.40 b$1.68 b$1.79 b$2.02 b$2.29 b$2.60 b$2.74 b$3 b$3.26 b$3.54 b$3.76 b$4.04 b$4.32 b$4.63 b$5.07 b$5.37 b$5.66 b$6.03 b

Document Cloud ARR

$164 m$183 m$217 m$271 m$297 m$329 m$357 m$397 m$393 m$415 m$442 m$475 m$493 m$520 m$556 m$600 m$647 m$694 m$744 m$801 m

Members (Creative Cloud)

10 m14 m

Mobile Applications Installed (Document Cloud)

165 m500 m630 m

Net Subscriber Additions

6.17 m

PDFs opened

50 b200 b250 b

Transactions

90 t155 t

Unbilled Backlog

$2.19 b$2.89 b$3.42 b$3.94 b$5.05 b
Report incorrect company information

Adobe Employee Rating

4.23634 votes
Culture & Values
4.3
Work/Life Balance
4.2
Senior Management
3.7
Salary & Benefits
4.2
Career Opportunities
3.9
Source