Stock Analysis on Net
Stock Analysis on Net
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Adobe Inc. (NASDAQ: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 millions

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Nov 27, 2020 Nov 29, 2019 Nov 30, 2018 Dec 1, 2017 Dec 2, 2016 Nov 27, 2015
Cash and cash equivalents 4,478  2,650  1,643  2,306  1,011  877 
Short-term investments 1,514  1,527  1,586  3,514  3,750  3,112 
Trade receivables, net of allowances for doubtful accounts 1,398  1,535  1,316  1,218  833  672 
Prepaid expenses and other current assets 756  783  312  210  245  162 
Current assets 8,146  6,495  4,857  7,248  5,840  4,822 
Property and equipment, net 1,517  1,293  1,075  937  816  787 
Operating lease right-of-use assets, net 487  —  —  —  —  — 
Goodwill 10,742  10,691  10,581  5,822  5,406  5,367 
Other intangibles, net 1,359  1,721  2,069  386  414  510 
Deferred income taxes 1,370  —  —  —  —  — 
Investment in lease receivable —  —  —  —  80  80 
Other assets 663  563  187  144  150  160 
Long-term assets 16,138  14,267  13,912  7,288  6,867  6,905 
Total assets 24,284  20,762  18,769  14,536  12,707  11,726 

Based on: 10-K (filing date: 2021-01-15), 10-K (filing date: 2020-01-21), 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).


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 2018 to 2019 and from 2019 to 2020.
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 2018 to 2019 and from 2019 to 2020.
Long-term 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 long-term assets increased from 2018 to 2019 and from 2019 to 2020.
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 2018 to 2019 and from 2019 to 2020.

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 2018 to 2019 and from 2019 to 2020.
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 2018 to 2019 and from 2019 to 2020.
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 2018 to 2019 but then slightly decreased from 2019 to 2020 not reaching 2018 level.