ADOBE INC.
For the period ended Feb 28, 2025. Filed Mar 26, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Feb 28, 2025 · Filed Mar 26, 2025
ADBE$236.70-0.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows Three Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended | ||
|---|---|---|
| February 28,2025 | March 1,2024 | |
| Cash flows from operating activities: | ||
| Net income | $1,811 | $620 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, amortization and accretion | 217 | 212 |
| Stock-based compensation | 475 | 451 |
| Deferred income taxes | (169) | (116) |
| Other non-cash items | 17 | 6 |
| Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | ||
| Trade receivables, net | 97 | 166 |
| Prepaid expenses and other assets | (156) | (173) |
| Trade payables | (28) | (12) |
| Accrued expenses and other liabilities | (378) | (332) |
| Income taxes payable | 365 | 192 |
| Deferred revenue | 231 | 160 |
| Net cash provided by operating activities | 2,482 | 1,174 |
| Cash flows from investing activities: | ||
| Purchases of short-term investments | (533) | — |
| Maturities of short-term investments | 130 | 135 |
| Proceeds from sales of short-term investments | 2 | 4 |
| Purchases of property and equipment | (26) | (37) |
| Purchases of long-term investments, intangibles and other assets | (59) | (38) |
| Proceeds from sale of long-term investments and other assets | 2 | 2 |
| Net cash provided by (used for) investing activities | (484) | 66 |
| Cash flows from financing activities: | ||
| Repurchases of common stock | (3,250) | (2,000) |
| Proceeds from re-issuance of treasury stock | 96 | 97 |
| Taxes paid related to net share settlement of equity awards | (159) | (222) |
| Proceeds from issuance of debt | 1,997 | — |
| Repayment of debt | (1,500) | — |
| Other financing activities, net | (25) | (3) |
| Net cash used for financing activities | (2,841) | (2,128) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (12) | 1 |
| Net change in cash and cash equivalents | (855) | (887) |
| Cash and cash equivalents at beginning of period | 7,613 | 7,141 |
| Cash and cash equivalents at end of period | $6,758 | $6,254 |
| Supplemental disclosures: | ||
| Cash paid for income taxes, net of refunds | $182 | $205 |
| Cash paid for interest | $48 | $47 |
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