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Analysis of Revenues
Accounting Policy on Revenue Recognition
Adobe’s revenue is derived from the sale of cloud-enabled software subscriptions, cloud-hosted offerings, term-based, royalty, and perpetual software licenses, associated software maintenance and support plans, consulting services, training and technical support. Most of Adobe’s enterprise customer arrangements involve multiple promises to the customers.
Revenue is recognized when a contract exists between Adobe and a customer and upon transfer of control of promised products or services to customers in an amount that reflects the consideration Adobe expects to receive in exchange for those products or services. Adobe enters into contracts that can include various combinations of products and services, which may be capable of being distinct and accounted for as separate performance obligations, or in the case of offerings such as cloud-enabled Creative Cloud and Document Cloud, accounted for as a single performance obligation. Revenue is recognized net of allowances for returns and any taxes collected from customers, which are subsequently remitted to governmental authorities.
Source: 10-K (filing date: 2020-01-21).
Revenues as Reported
Adobe Inc., Income Statement, Revenues
US$ in thousands
|12 months ended:||Nov 29, 2019||Nov 30, 2018||Dec 1, 2017||Dec 2, 2016||Nov 27, 2015||Nov 28, 2014|
Based on: 10-K (filing date: 2020-01-21), 10-K (filing date: 2019-01-25), 10-K (filing date: 2018-01-22), 10-K (filing date: 2017-01-20), 10-K (filing date: 2016-01-19), 10-K (filing date: 2015-01-20).
|Revenue||Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).||Adobe Inc.’s revenue increased from 2017 to 2018 and from 2018 to 2019.|