Microsoft Excel LibreOffice Calc

Adobe Inc. (ADBE)


Income Statement
Quarterly Data

Beginner level

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Adobe Inc., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel LibreOffice Calc
3 months ended Aug 30, 2019 May 31, 2019 Mar 1, 2019 Nov 30, 2018 Aug 31, 2018 Jun 1, 2018 Mar 2, 2018 Dec 1, 2017 Sep 1, 2017 Jun 2, 2017 Mar 3, 2017 Dec 2, 2016 Sep 2, 2016 Jun 3, 2016 Mar 4, 2016 Nov 27, 2015 Aug 28, 2015 May 29, 2015 Feb 27, 2015 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014 Nov 29, 2013 Aug 30, 2013 May 31, 2013 Mar 1, 2013
Subscription 2,546,571  2,456,097  2,304,967  2,184,158  2,021,505  1,923,131  1,793,358  1,695,987  1,570,336  1,483,690  1,383,856  1,262,273  1,168,602  1,083,708  1,070,250  907,434  829,065  773,963  713,442  628,954  547,373  476,694  423,563  359,723  299,346  254,521  224,266 
Product 157,321  152,816  170,554  150,425  149,127  150,993  171,608  192,876  158,961  171,545  183,385  221,926  180,960  196,500  201,112  284,496  275,338  274,538  290,774  327,951  349,151  479,247  471,454  567,232  582,178  644,899  675,789 
Services and support 130,234  135,367  125,425  130,042  120,444  121,236  113,981  117,732  111,777  116,955  114,405  124,220  114,405  118,501  111,973  114,474  113,365  113,657  104,965  116,423  108,885  112,267  105,103  114,744  113,595  111,129  107,818 
Revenue 2,834,126  2,744,280  2,600,946  2,464,625  2,291,076  2,195,360  2,078,947  2,006,595  1,841,074  1,772,190  1,681,646  1,608,419  1,463,967  1,398,709  1,383,335  1,306,404  1,217,768  1,162,158  1,109,181  1,073,328  1,005,409  1,068,208  1,000,120  1,041,699  995,119  1,010,549  1,007,873 
Subscription (303,885) (296,476) (288,031) (257,024) (199,157) (186,355) (164,685) (170,218) (168,915) (142,734) (141,181) (122,196) (116,990) (115,399) (107,275) (106,368) (103,605) (103,694) (95,527) (87,883) (86,670) (84,147) (76,732) (77,314) (71,656) (66,527) (62,580)
Product (9,146) (9,345) (12,105) (10,899) (11,454) (10,779) (12,877) (15,552) (11,709) (15,488) (14,333) (17,427) (15,435) (15,756) (20,299) (24,320) (24,545) (21,467) (19,703) (21,930) (23,172) (24,499) (27,498) (26,803) (32,564) (26,805) (51,982)
Services and support (102,932) (101,667) (97,150) (91,338) (84,881) (84,210) (81,340) (85,102) (82,298) (81,138) (81,823) (76,933) (70,276) (70,924) (70,998) (70,673) (62,835) (60,012) (51,568) (51,130) (47,882) (46,258) (44,279) (43,399) (42,856) (41,949) (42,122)
Cost of revenue (415,963) (407,488) (397,286) (359,261) (295,492) (281,344) (258,902) (270,872) (262,922) (239,360) (237,337) (216,556) (202,701) (202,079) (198,572) (201,361) (190,985) (185,173) (166,798) (160,943) (157,724) (154,904) (148,509) (147,516) (147,076) (135,281) (156,684)
Gross profit 2,418,163  2,336,792  2,203,660  2,105,364  1,995,584  1,914,016  1,820,045  1,735,723  1,578,152  1,532,830  1,444,309  1,391,863  1,261,266  1,196,630  1,184,763  1,105,043  1,026,783  976,985  942,383  912,385  847,685  913,304  851,611  894,183  848,043  875,268  851,189 
Research and development (489,827) (475,958) (464,637) (415,958) (398,957) (374,128) (348,769) (324,026) (315,555) (299,401) (285,077) (257,849) (248,450) (232,484) (237,204) (220,514) (218,660) (208,047) (215,509) (213,687) (212,049) (209,092) (209,525) (205,196) (208,700) (203,097) (209,638)
Sales and marketing (812,314) (848,927) (781,518) (723,573) (670,084) (646,215) (580,957) (574,104) (550,093) (553,098) (520,297) (495,042) (477,475) (462,789) (474,891) (441,472) (422,031) (426,998) (392,741) (408,862) (406,475) (426,830) (410,141) (431,540) (388,673) (402,208) (398,033)
General and administrative (219,256) (219,334) (216,109) (212,355) (184,063) (178,040) (170,440) (169,567) (147,402) (156,929) (150,808) (148,192) (143,364) (138,130) (146,516) (134,573) (121,827) (130,242) (146,836) (152,919) (141,877) (128,772) (139,647) (140,652) (127,252) (145,862) (132,855)
Amortization of purchased intangibles (42,954) (43,026) (46,566) (32,932) (23,874) (17,149) (17,146) (18,686) (19,428) (19,320) (19,128) (18,500) (22,652) (18,988) (18,394) (18,050) (18,246) (18,081) (14,272) (12,412) (13,108) (13,352) (13,552) (13,959) (13,064) (12,792) (12,439)
Operating expenses (1,564,351) (1,587,245) (1,508,830) (1,384,818) (1,276,978) (1,215,532) (1,117,312) (1,086,383) (1,032,478) (1,028,748) (975,310) (919,583) (891,941) (852,391) (877,005) (814,609) (780,764) (783,368) (769,358) (787,880) (773,509) (778,046) (772,865) (791,347) (737,689) (763,959) (752,965)
Operating income 853,812  749,547  694,830  720,546  718,606  698,484  702,733  649,340  545,674  504,082  468,999  472,280  369,325  344,239  307,758  290,434  246,019  193,617  173,025  124,505  74,176  135,258  78,746  102,836  110,354  111,309  98,224 
Interest and other income (expense), net 16,552  2,558  4,266  9,657  1,608  11,599  16,672  10,496  13,539  5,154  7,206  553  2,725  6,083  4,187  22,399  4,433  3,739  3,338  105  1,454  2,563  3,145  695  1,732  1,268  1,246 
Interest expense (39,529) (40,577) (40,593) (27,873) (21,107) (20,363) (19,899) (19,116) (18,809) (18,347) (18,130) (17,518) (17,281) (17,174) (18,469) (16,515) (16,519) (16,605) (14,545) (12,678) (13,361) (17,103) (16,590) (16,722) (16,747) (17,205) (16,834)
Investment gains (losses), net 3,653  (756) 43,831  (3,113) 2,251  1,079  2,996  2,292  975  1,729  2,557  1,385  1,532  (3,318) (1,169) 622  (1,314) 223  1,430  343  669  553  (409) 1,461  (2,079) (4,245) 848 
Non-operating income (expense), net (19,324) (38,775) 7,504  (21,329) (17,248) (7,685) (231) (6,328) (4,295) (11,464) (8,367) (15,580) (13,024) (14,409) (15,451) 6,506  (13,400) (12,643) (9,777) (12,230) (11,238) (13,987) (13,854) (14,566) (17,094) (20,182) (14,740)
Income before income taxes 834,488  710,772  702,334  699,217  701,358  690,799  702,502  643,012  541,379  492,618  460,632  456,700  356,301  329,830  292,307  296,940  232,619  180,974  163,248  112,275  62,938  121,271  64,892  88,270  93,260  91,127  83,484 
Provision for income taxes (41,725) (78,179) (28,093) (20,977) (35,067) (27,632) (119,426) (141,463) (121,810) (118,228) (62,186) (57,087) (85,513) (85,756) (38,000) (74,235) (58,154) (33,481) (78,360) (24,139) (18,252) (32,744) (17,846) (22,950) (10,258) (14,581) (18,367)
Net income 792,763  632,593  674,241  678,240  666,291  663,167  583,076  501,549  419,569  374,390  398,446  399,613  270,788  244,074  254,307  222,705  174,465  147,493  84,888  88,136  44,686  88,527  47,046  65,320  83,002  76,546  65,117 

Based on: 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28), 10-K (filing date: 2014-01-21), 10-Q (filing date: 2013-10-03), 10-Q (filing date: 2013-06-28), 10-Q (filing date: 2013-03-28).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Adobe Inc.’s revenue increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Operating income The net result for the period of deducting operating expenses from operating revenues. Adobe Inc.’s operating income increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Adobe Inc.’s income before income taxes increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Adobe Inc.’s net income decreased from Q1 2019 to Q2 2019 but then increased from Q2 2019 to Q3 2019 exceeding Q1 2019 level.