Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Total Asset Turnover since 2005
- Price to Book Value (P/BV) since 2005
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Adobe Inc., consolidated balance sheet: assets
US$ in millions
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).
- Cash and Cash Equivalents
- The cash and cash equivalents balance demonstrated a general upward trend over the analyzed periods. It increased significantly from $2,650 million in 2019 to $7,613 million in 2024, reflecting improved liquidity and possibly conservative cash management or increased cash inflows.
- Short-term Investments
- Short-term investments displayed considerable volatility with an initial stability between 2019 and 2020, followed by a peak of $1,954 million in 2021 and subsequent declines to $273 million by 2024. This downward trend in recent years suggests a shift away from liquid investments into other asset forms or usage of funds.
- Trade Receivables, Net
- Trade receivables steadily increased from $1,535 million in 2019 to a peak of $2,224 million in 2023 before slightly decreasing to $2,072 million in 2024. The overall rising trend indicates growing sales on credit, though the slight decline in 2024 may reflect tightening credit policies or improved collections.
- Prepaid Expenses and Other Current Assets
- Prepaid expenses and other current assets have generally increased, rising from $783 million in 2019 to $1,274 million in 2024. This increase may be associated with higher prepaid costs or expanded short-term asset bases linked to operational activities.
- Current Assets
- Current assets showed a clear growth trajectory from $6,495 million in 2019 to $11,232 million in 2024, indicating overall strengthening of short-term financial position. This rise is primarily driven by increases in cash and cash equivalents, receivables, and other current assets despite declines in short-term investments.
- Property and Equipment, Net
- The net value of property and equipment increased from $1,293 million in 2019 to a peak of $2,030 million in 2023, before decreasing slightly to $1,936 million in 2024. This pattern suggests continued capital investments with possible disposals or depreciation accelerating in the final year.
- Operating Lease Right-of-Use Assets, Net
- Operating lease right-of-use assets showed a steadily declining trend from $487 million in 2020 to $281 million in 2024. This decline indicates either lease expirations or a reduction in lease commitments during this period.
- Goodwill
- Goodwill remained relatively stable, increasing modestly from $10,691 million in 2019 to a peak of $12,805 million in 2023, with a slight decrease to $12,788 million in 2024. This stability may reflect consistent acquisition activity balanced against impairment considerations.
- Other Intangibles, Net
- Other intangibles showed volatility with an initial decline from $1,721 million in 2019 to $1,359 million in 2020, a rise to $1,820 million in 2021, followed by a steady decline to $782 million in 2024. The decreasing trend towards the end suggests amortization or disposals exceeding new intangible asset acquisitions.
- Deferred Income Taxes
- Deferred income taxes fluctuated, increasing from $1,370 million in 2020 to $1,657 million in 2024 after a dip to $777 million in 2022. This variability may be due to changes in tax regulations, timing differences, or valuation allowance adjustments.
- Other Assets
- Other assets progressively increased over the period, rising from $563 million in 2019 to $1,554 million in 2024. This upward trend reflects accumulation of miscellaneous long-term assets or investments not categorized elsewhere.
- Long-term Assets
- Long-term assets surged from $14,267 million in 2019 to $18,998 million in 2024, showing steady growth apart from a slight dip in 2022. The increase indicates ongoing investment in non-current assets, including property, goodwill, intangibles, and other assets.
- Total Assets
- Total assets increased from $20,762 million in 2019 to $30,230 million in 2024, demonstrating substantial growth in the asset base. This increase is fueled by expansions in both current and long-term assets, signifying an overall strengthening of the company’s financial foundation.