ADOBE INC
For the period ended Nov 29, 2024. Filed Jan 13, 2025.
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FY2024 · Filed Jan 13, 2025
ADBE$236.70-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Years Ended | |||
|---|---|---|---|
| November 29,2024 | December 1,2023 | December 2,2022 | |
| Cash flows from operating activities: | |||
| Net income | $5,560 | $5,428 | $4,756 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 857 | 872 | 856 |
| Stock-based compensation | 1,833 | 1,718 | 1,440 |
| Reduction of operating lease right-of-use assets | 77 | 72 | 83 |
| Lease-related asset impairments | 78 | — | — |
| Deferred income taxes | (468) | (426) | 328 |
| Unrealized losses (gains) on investments, net | (35) | (10) | 29 |
| Other non-cash items | 10 | 3 | 10 |
| Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | |||
| Trade receivables, net | 143 | (159) | (198) |
| Prepaid expenses and other assets | (616) | (818) | (94) |
| Trade payables | 44 | (49) | 66 |
| Accrued expenses and other liabilities | 196 | 146 | 7 |
| Income taxes payable | 68 | (11) | 19 |
| Deferred revenue | 309 | 536 | 536 |
| Net cash provided by operating activities | 8,056 | 7,302 | 7,838 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (59) | — | (909) |
| Maturities of short-term investments | 486 | 965 | 683 |
| Proceeds from sales of short-term investments | 11 | 223 | 270 |
| Acquisitions, net of cash acquired | — | — | (126) |
| Purchases of property and equipment | (183) | (360) | (442) |
| Purchases of long-term investments, intangibles and other assets | (108) | (53) | (46) |
| Proceeds from sales of long-term investments and other assets | 2 | 1 | — |
| Net cash provided by (used for) investing activities | 149 | 776 | (570) |
| Cash flows from financing activities: | |||
| Repurchases of common stock | (9,500) | (4,400) | (6,550) |
| Proceeds from re-issuance of treasury stock | 361 | 314 | 278 |
| Taxes paid related to net share settlement of equity awards | (677) | (589) | (518) |
| Proceeds from issuance of debt | 1,997 | — | — |
| Repayment of debt | — | (500) | — |
| Other financing activities, net | 95 | (7) | (35) |
| Net cash used for financing activities | (7,724) | (5,182) | (6,825) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (9) | 9 | (51) |
| Net change in cash and cash equivalents | 472 | 2,905 | 392 |
| Cash and cash equivalents at beginning of year | 7,141 | 4,236 | 3,844 |
| Cash and cash equivalents at end of year | $7,613 | $7,141 | $4,236 |
| Supplemental disclosures: | |||
| Cash paid for income taxes, net of refunds | $1,727 | $1,854 | $778 |
| Cash paid for interest | $143 | $106 | $103 |
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