Stock Analysis on Net
Stock Analysis on Net

Adobe Inc. (NASDAQ:ADBE)

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Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Adobe Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Nov 29, 2024 Dec 1, 2023 Dec 2, 2022 Dec 3, 2021 Nov 27, 2020 Nov 29, 2019
Trade payables
Accrued compensation and benefits
Accrued bonuses
Accrued corporate marketing
Derivative collateral liabilities
Refund liabilities
Sales and use taxes
Other
Accrued expenses
Debt, current portion
Deferred revenue
Income taxes payable
Current operating lease liabilities
Current liabilities
Debt, excluding current portion
Deferred revenue
Income taxes payable
Long-term operating lease liabilities
Other liabilities
Long-term liabilities
Total liabilities
Preferred stock, $0.0001 par value; none issued
Common stock, $0.0001 par value
Additional paid-in-capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29).

Trade Payables
Trade payables as a percentage of total liabilities and stockholders’ equity showed moderate fluctuations over the period, rising from 1.01% in 2019 to a peak of 1.4% in 2022, followed by a decline and then a slight increase by 2024 to 1.19%. This reflects some variability in short-term obligations to suppliers relative to the company’s capital structure.
Accrued Compensation and Benefits
This item increased steadily from 1.53% in 2019 to 2.14% in 2024, indicating a growing proportion of accrued payroll-related expenses relative to total liabilities and equity.
Accrued Bonuses
Accrued bonuses represented a rising burden, increasing from 1.07% to 1.9% over the six-year span, suggesting an upward trend in incentive-related liabilities.
Accrued Corporate Marketing
Accrued corporate marketing fluctuated with no clear trend, varying between 0.35% and 0.58%, indicating relatively stable but variable marketing-related liabilities.
Derivative Collateral Liabilities
This liability appeared only from 2022 onward, increasing from 0.17% to 0.56% by 2024, suggesting newly recognized risks or hedging activities requiring collateral.
Refund Liabilities
There was a gradual decline in refund liabilities from 0.61% to 0.37% by 2023, slightly rebounding to 0.47% in 2024, reflecting a small overall reduction in potential refunds owed.
Sales and Use Taxes
Sales and use taxes remained relatively stable, fluctuating narrowly around 0.4% throughout the period, indicating consistency in tax-related current liabilities.
Other Current Liabilities
Other current liabilities declined significantly between 2019 and 2020, then stabilized around 1.5% to 1.7%, showing a one-time adjustment followed by constancy.
Accrued Expenses
Accrued expenses showed a slight downtrend initially from 6.74% to about 5.86%, then gradually increased to 7.73% in 2024, indicating growing operational accruals in recent years.
Current Portion of Debt
This item was only reported in 2019, 2022, and 2024 and exhibited notable variability, dropping dramatically after 2019 to 1.84% in 2022, then rising to 4.96% by 2024, suggesting changes in short-term debt obligations.
Deferred Revenue (Current)
Current deferred revenue showed consistent growth from 16.27% in 2019 to 20.28% in 2024, indicating increasing advances from customers or unearned income recognized as current liabilities.
Income Taxes Payable (Current)
This liability remained low and relatively stable, rising marginally from 0.27% to 0.39% over the timeframe.
Current Operating Lease Liabilities
Reported from 2020, this liability decreased steadily from 0.38% to 0.25% by 2024, possibly reflecting lease reductions or changes in lease accounting.
Total Current Liabilities
Current liabilities as a whole declined sharply from 39.45% in 2019 to 22.7% in 2020, then recovered gradually reaching 34.8% in 2024, showing significant restructuring or reclassification in 2020 followed by growth.
Long-Term Debt
Long-term debt peaked at 16.95% in 2020, then steadily decreased to 13.66% by 2024, indicating partial repayment or refinancing of long-term borrowings.
Deferred Revenue (Non-current)
Non-current deferred revenue consistently declined from 0.59% to about 0.42%, showing a moderate reduction in long-term unearned revenue balances.
Income Taxes Payable (Non-current)
Long-term income tax liabilities decreased from 2.97% to 1.81%, signaling reduced deferred tax liabilities or settlements.
Long-Term Operating Lease Liabilities
These liabilities decreased from 2.05% in 2020 to 1.17% in 2024, indicating declining long-term lease obligations.
Other Long-Term Liabilities
The item showed growth from 0.96% to 1.48%, indicating a rising proportion of miscellaneous long-term obligations.
Total Long-Term Liabilities
Total long-term liabilities declined from 22.68% in 2020 to 16.82% in 2023, with a slight rebound to 18.54% by 2024, reflecting partial deleveraging tempered by other liabilities growth.
Total Liabilities
Total liabilities as a portion of total liabilities plus stockholders’ equity declined from 49.28% in 2019 to 44.53% in 2023, then increased sharply to 53.34% in 2024, showing fluctuations in the company’s leverage over time.
Equity Components - Additional Paid-in-Capital
This equity component gradually increased from 31.33% to 44.39%, suggesting ongoing capital contributions or equity issuances relative to total capitalization.
Retained Earnings
Retained earnings demonstrated strong growth from 71.42% to 127.26%, indicating accumulation of profits and reinvestment into the company.
Accumulated Other Comprehensive Loss
This component fluctuated modestly, peaking at a loss of -1.08% in 2022 but improving to -0.66% in 2024, indicating some volatility in unrealized gains or losses.
Treasury Stock
Treasury stock represented a growing negative value relative to total liabilities and stockholders’ equity, declining significantly from -51.13% to -124.32%, reflecting substantial stock repurchases reducing equity.
Total Stockholders’ Equity
Equity decreased from 54.62% in 2020 to 46.66% in 2024, partially due to the increased treasury stock offsetting gains from earnings and paid-in capital.