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Adobe Inc. (ADBE)


Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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.

Adobe Inc., consolidated balance sheet: assets

US$ in thousands

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Nov 30, 2018 Dec 1, 2017 Dec 2, 2016 Nov 27, 2015 Nov 28, 2014 Nov 29, 2013
Cash and cash equivalents 1,642,775  2,306,072  1,011,315  876,560  1,117,400  834,556 
Short-term investments 1,586,187  3,513,702  3,749,985  3,111,524  2,622,091  2,339,196 
Trade receivables, net of allowances for doubtful accounts 1,315,578  1,217,968  833,033  672,006  591,800  599,820 
Deferred income taxes —  —  —  —  95,279  102,247 
Prepaid expenses and other current assets 312,499  210,071  245,441  161,802  175,758  170,110 
Current assets 4,857,039  7,247,813  5,839,774  4,821,892  4,602,328  4,045,929 
Property and equipment, net 1,075,072  936,976  816,264  787,421  785,123  659,774 
Goodwill 10,581,048  5,821,561  5,406,474  5,366,881  4,721,962  4,771,981 
Purchased and other intangibles, net 2,069,001  385,658  414,405  510,007  469,662  605,254 
Investment in lease receivable —  —  80,439  80,439  80,439  207,239 
Other assets 186,522  143,548  149,758  159,832  126,315  90,121 
Non-current assets 13,911,643  7,287,743  6,867,340  6,904,580  6,183,501  6,334,369 
Total assets 18,768,682  14,535,556  12,707,114  11,726,472  10,785,829  10,380,298 

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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Adobe Inc.’s current assets increased from 2016 to 2017 but then decreased significantly from 2017 to 2018.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Adobe Inc.’s property and equipment, net increased from 2016 to 2017 and from 2017 to 2018.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Adobe Inc.’s non-current assets increased from 2016 to 2017 and from 2017 to 2018.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Adobe Inc.’s total assets increased from 2016 to 2017 and from 2017 to 2018.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Adobe Inc.’s cash and cash equivalents increased from 2016 to 2017 but then slightly decreased from 2017 to 2018 not reaching 2016 level.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Adobe Inc.’s short-term investments decreased from 2016 to 2017 and from 2017 to 2018.
Trade receivables, net of allowances for doubtful accounts Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Adobe Inc.’s trade receivables, net of allowances for doubtful accounts increased from 2016 to 2017 and from 2017 to 2018.