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

	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.