Balance Sheet: Assets
Quarterly Data

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.

Adobe Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Aug 29, 2025	May 30, 2025	Feb 28, 2025	Nov 29, 2024	Aug 30, 2024	May 31, 2024	Mar 1, 2024	Dec 1, 2023	Sep 1, 2023	Jun 2, 2023	Mar 3, 2023	Dec 2, 2022	Sep 2, 2022	Jun 3, 2022	Mar 4, 2022	Dec 3, 2021	Sep 3, 2021	Jun 4, 2021	Mar 5, 2021	Nov 27, 2020	Aug 28, 2020	May 29, 2020	Feb 28, 2020	Nov 29, 2019	Aug 30, 2019	May 31, 2019	Mar 1, 2019
Cash and cash equivalents	4,982)	4,931)	6,758)	7,613)	7,193)	7,660)	6,254)	7,141)	6,601)	5,456)	4,072)	4,236)	3,870)	3,365)	2,739)	3,844)	4,623)	4,250)	3,452)	4,478)	3,767)	3,044)	2,688)	2,650)	2,209)	2,083)	1,739)
Short-term investments	958)	782)	677)	273)	322)	405)	566)	701)	915)	1,145)	1,581)	1,860)	1,894)	1,934)	1,962)	1,954)	1,541)	1,518)	1,511)	1,514)	1,497)	1,307)	1,483)	1,527)	1,442)	1,396)	1,487)
Trade receivables, net of allowances for doubtful accounts	2,093)	1,735)	1,973)	2,072)	1,802)	1,612)	2,057)	2,224)	1,851)	1,685)	1,801)	2,065)	1,723)	1,588)	1,685)	1,878)	1,545)	1,477)	1,520)	1,398)	1,318)	1,366)	1,389)	1,535)	1,372)	1,273)	1,342)
Prepaid expenses and other current assets	1,379)	1,530)	1,447)	1,274)	1,399)	1,346)	1,131)	1,018)	1,043)	988)	888)	835)	1,002)	1,021)	1,090)	993)	910)	833)	901)	756)	805)	932)	895)	783)	728)	591)	565)
Current assets	9,412)	8,978)	10,855)	11,232)	10,716)	11,023)	10,008)	11,084)	10,410)	9,274)	8,342)	8,996)	8,489)	7,908)	7,476)	8,669)	8,619)	8,078)	7,384)	8,146)	7,387)	6,649)	6,455)	6,495)	5,750)	5,343)	5,134)
Property and equipment, net	1,908)	1,890)	1,893)	1,936)	1,969)	1,969)	1,988)	2,030)	2,036)	2,032)	1,967)	1,908)	1,858)	1,790)	1,703)	1,673)	1,629)	1,573)	1,530)	1,517)	1,467)	1,387)	1,340)	1,293)	1,244)	1,205)	1,104)
Operating lease right-of-use assets, net	307)	259)	266)	281)	368)	381)	366)	358)	373)	389)	402)	407)	414)	430)	435)	443)	452)	458)	477)	487)	507)	489)	504)	—)	—)	—)	—)
Goodwill	12,862)	12,830)	12,777)	12,788)	12,814)	12,803)	12,803)	12,805)	12,800)	12,796)	12,792)	12,787)	12,756)	12,801)	12,795)	12,668)	11,838)	11,859)	11,845)	10,742)	10,739)	10,695)	10,691)	10,691)	10,688)	10,698)	10,708)
Other intangibles, net	555)	631)	706)	782)	858)	933)	1,011)	1,088)	1,167)	1,258)	1,354)	1,449)	1,548)	1,650)	1,743)	1,820)	1,557)	1,641)	1,729)	1,359)	1,445)	1,535)	1,626)	1,721)	1,816)	1,917)	2,017)
Deferred income taxes	2,092)	1,984)	1,820)	1,657)	1,548)	1,436)	1,310)	1,191)	1,065)	964)	826)	777)	799)	882)	950)	1,085)	1,190)	1,168)	1,262)	1,370)	219)	231)	—)	—)	—)	—)	—)
Other assets	1,618)	1,535)	1,638)	1,554)	1,557)	1,462)	1,265)	1,223)	1,239)	1,125)	984)	841)	880)	865)	874)	883)	859)	805)	758)	663)	650)	617)	598)	563)	557)	503)	543)
Long-term assets	19,342)	19,129)	19,100)	18,998)	19,114)	18,984)	18,743)	18,695)	18,680)	18,564)	18,325)	18,169)	18,255)	18,418)	18,500)	18,572)	17,525)	17,504)	17,601)	16,138)	15,027)	14,954)	14,759)	14,267)	14,305)	14,323)	14,372)
Total assets	28,754)	28,107)	29,955)	30,230)	29,830)	30,007)	28,751)	29,779)	29,090)	27,838)	26,667)	27,165)	26,744)	26,326)	25,976)	27,241)	26,144)	25,582)	24,985)	24,284)	22,414)	21,603)	21,214)	20,762)	20,055)	19,666)	19,506)

The analysis of the quarterly financial data reveals several noteworthy trends and patterns across various asset categories.

Cash and Cash Equivalents: The cash and cash equivalents balance exhibited a generally increasing trend from March 2019 through December 2020, reaching a peak of 7,141 million US dollars in December 2023. Despite some fluctuations, the balance remained at elevated levels through mid-2024 before declining notably towards August 2025.
Short-Term Investments: Short-term investments showed a declining trend overall, decreasing from 1,487 million US dollars in March 2019 to a low point of 273 million US dollars in February 2025. Some periods exhibited modest recoveries; however, the trend indicates a reduction in short-term investment holdings over the term.
Trade Receivables, Net: Trade receivables fluctuated with an upward trend toward late 2021 and early 2023, peaking at 2,224 million US dollars in December 2023. Subsequent quarters showed some volatility but generally maintained high levels compared to the earlier years, indicating growing credit sales or extended collection periods.
Prepaid Expenses and Other Current Assets: Prepaid expenses and other current assets increased gradually, with some variability, from 565 million US dollars in March 2019 to a high of 1,530 million US dollars in May 2025. This suggests growing prepaid costs or other short-term asset commitments over the period.
Current Assets: Current assets increased overall from 5,134 million US dollars in March 2019, peaking above 11,000 million US dollars between late 2023 and early 2024, showing a substantial strengthening of liquidity and near-term resources before a slight decline toward mid-2025.
Property and Equipment, Net: Property and equipment net values generally increased steadily from 1,104 million US dollars in early 2019 to approximately 1,908 million US dollars in late 2022, followed by stable, slightly declining values through mid-2025, suggesting ongoing investment in fixed assets followed by stabilization.
Operating Lease Right-of-Use Assets: Starting from values recorded only in early 2020, these assets showed a consistent decline from 504 million US dollars in February 2020 to a low of 259 million US dollars by August 2025, reflecting amortization or reduction in lease commitments.
Goodwill: Goodwill balances remained relatively stable, hovering around 10,700 million US dollars initially but increasing substantially in late 2020 and early 2021 to approximately 12,800 million US dollars. From then on, the balance remained stable with minor variations, indicating consistent acquisition or asset valuation.
Other Intangibles, Net: Other intangibles showed a steady downward trend from 2,017 million US dollars in early 2019 to 555 million US dollars in August 2025, reflecting amortization over time or asset impairments.
Deferred Income Taxes: Data is available only from mid-2020 onward, starting at 231 million US dollars and generally increasing each period to reach 2,092 million US dollars by mid-2025, indicating growing deferred tax liabilities or assets.
Other Assets: Other assets gradually increased from 543 million US dollars in March 2019 to a peak of 1,618 million US dollars by August 2024, with minor decreases thereafter, reflecting growth in miscellaneous long-term assets.
Long-Term Assets: The total of long-term assets remained relatively stable around 14,000 to 15,000 million US dollars until late 2020, after which it increased steadily to nearly 19,300 million US dollars by mid-2025. This suggests ongoing asset acquisitions or appreciation.
Total Assets: Total assets rose from approximately 19,500 million US dollars in early 2019 to a high nearing 30,000 million US dollars between late 2023 and mid-2024. Slight declines appear toward mid-2025, possibly reflecting asset revaluation or disposals.

Overall, the data indicates steady growth in total assets driven by increases in current and long-term assets, supported by robust cash balances and growing trade receivables. Amortization of intangible assets and lease rights decreased relevant balances over time. The increase in deferred income taxes suggests growing temporary differences affecting taxable income. These trends reflect ongoing investment activity, expansion in operations, and adjustments in asset composition over the analyzed periods.

Assets: Selected Items

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Current Assets: Selected Items

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Adobe Inc. (NASDAQ:ADBE)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data