Microsoft Excel LibreOffice Calc

Adobe Inc. (ADBE)


Common-Size Income Statement

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Adobe Inc., common-size consolidated income statement

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12 months ended Nov 30, 2018 Dec 1, 2017 Dec 2, 2016 Nov 27, 2015 Nov 28, 2014 Nov 29, 2013
Subscription 87.73 84.01 78.31 67.23 50.07 28.06
Product 6.89 9.68 13.67 23.46 39.25 60.91
Services and support 5.38 6.31 8.01 9.31 10.67 11.03
Revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Subscription -8.94 -8.53 -7.89 -8.53 -8.09 -6.86
Product -0.51 -0.78 -1.18 -1.88 -2.34 -3.41
Services and support -3.78 -4.52 -4.94 -5.11 -4.57 -4.20
Cost of revenue -13.23% -13.84% -14.00% -15.52% -15.00% -14.46%
Gross profit 86.77% 86.16% 86.00% 84.48% 85.00% 85.54%
Research and development -17.03 -16.76 -16.67 -17.99 -20.36 -20.38
Sales and marketing -29.02 -30.10 -32.63 -35.10 -39.84 -39.96
General and administrative -8.25 -8.56 -9.84 -11.12 -13.58 -13.48
Amortization of purchased intangibles -1.01 -1.05 -1.34 -1.43 -1.26 -1.29
Operating expenses -55.31% -56.47% -60.48% -65.65% -75.05% -75.11%
Operating income 31.45% 29.69% 25.51% 18.83% 9.95% 10.42%
Interest income 1.02 0.90 0.81 0.60 0.51 0.54
Foreign exchange gains (losses) -0.47 -0.42 -0.61 -0.42 -0.45 -0.52
Realized gains on fixed income investment 0.01 0.02 0.05 0.07 0.10 0.10
Realized losses on fixed income investment -0.13 -0.01 -0.02 -0.01 0.00 -0.03
Other 0.00 0.00 0.00 0.47 0.02 0.03
Interest and other income (expense), net 0.44% 0.50% 0.23% 0.71% 0.18% 0.12%
Interest expense -0.99 -1.02 -1.20 -1.34 -1.44 -1.66
Realized investment gains 0.07 0.04 0.08 0.06 0.03 0.04
Unrealized investment gains 0.00 0.06 0.00 0.00 0.02 0.03
Realized investment losses 0.00 0.00 -0.11 0.00 -0.03 -0.17
Unrealized investment losses -0.03 0.00 0.00 -0.03 0.00 0.00
Investment gains (losses), net 0.04% 0.10% -0.03% 0.02% 0.03% -0.10%
Non-operating income (expense), net -0.51% -0.42% -1.00% -0.61% -1.24% -1.64%
Income before income taxes 30.94% 29.28% 24.51% 18.22% 8.71% 8.78%
Provision for income taxes -2.25 -6.08 -4.55 -5.09 -2.24 -1.63
Net income 28.69% 23.20% 19.96% 13.13% 6.47% 7.15%

Based on: 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), 10-K (filing date: 2014-01-21).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Adobe Inc.’s operating income as a percentage of revenue increased from 2016 to 2017 and from 2017 to 2018.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Adobe Inc.’s income before income taxes as a percentage of revenue increased from 2016 to 2017 and from 2017 to 2018.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Adobe Inc.’s net income as a percentage of revenue increased from 2016 to 2017 and from 2017 to 2018.