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

	Feb 27, 2026	Nov 28, 2025	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
Cash and cash equivalents	6,332)	5,431)	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)
Short-term investments	558)	1,164)	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)
Trade receivables, net of allowances for doubtful accounts	2,092)	2,344)	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)
Prepaid expenses and other current assets	1,404)	1,224)	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)
Current assets	10,386)	10,163)	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)
Property and equipment, net	1,852)	1,873)	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)
Operating lease right-of-use assets, net	305)	312)	307)	259)	266)	281)	368)	381)	366)	358)	373)	389)	402)	407)	414)	430)	435)	443)	452)	458)	477)	487)	507)	489)	504)
Goodwill	12,869)	12,857)	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)
Other intangibles, net	454)	495)	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)
Deferred income taxes	2,138)	2,186)	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	1,700)	1,610)	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)
Long-term assets	19,318)	19,333)	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)
Total assets	29,704)	29,496)	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)

Over the period examined, the company’s total assets exhibited a general upward trend, although with some fluctuations. Initial growth from February 2020 to December 2021 was followed by a period of relative stabilization and then renewed growth into early 2024, before a slight decline towards the end of the observed timeframe. A closer examination of the asset composition reveals varying patterns across different categories.

Cash and Cash Equivalents: Cash and cash equivalents demonstrated significant volatility. A substantial increase occurred between February 2020 and November 2020, followed by a decrease in early 2021. Levels then rose again through September 2023, peaking in December 2023, before declining through May 2024 and stabilizing. The most recent quarters show a slight decrease, but remain at a relatively high level compared to the beginning of the period.
Short-Term Investments: Short-term investments generally decreased over the period. Beginning at US$1,483 million in February 2020, the balance steadily declined to US$273 million by November 2024, with a slight increase to US$322 million in May 2024. This suggests a potential shift in liquidity management strategy, possibly involving the conversion of short-term investments into other asset classes or operational uses.
Trade Receivables: Trade receivables exhibited a consistent upward trend, particularly noticeable from May 2021 through December 2022. This indicates increasing sales on credit or potentially lengthening collection periods. A slight decrease is observed in the most recent quarters, but levels remain elevated compared to earlier periods. The increase suggests a potential need to monitor collection efficiency.
Current Assets: Total current assets mirrored the trends observed in its components, increasing from US$6,455 million in February 2020 to a peak of US$11,084 million in December 2023, before decreasing to US$10,386 million in November 2025. The fluctuations in cash and short-term investments significantly influenced the overall trend in current assets.
Long-Term Assets: Long-term assets demonstrated a more stable, but overall increasing, trend. Property and equipment, net, and goodwill constituted the largest portions of these assets. Goodwill experienced a substantial increase between February 2020 and December 2021, and remained relatively stable thereafter. Other intangibles, net, showed a decreasing trend over the period. Deferred income taxes increased significantly over the period, indicating a growing deferred tax liability. Overall, long-term assets increased from US$14,759 million to US$19,318 million.

In summary, the company’s asset base expanded over the analyzed period, driven primarily by increases in long-term assets and, initially, current assets. The composition of assets shifted, with a decrease in short-term investments and an increase in trade receivables. The fluctuations in cash and cash equivalents suggest active liquidity management. The observed trends warrant continued monitoring to assess their impact on the company’s financial position and performance.

Adobe Inc. (NASDAQ:ADBE)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Adobe Inc. (NASDAQ:ADBE)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data