Annual Data
Quarterly Data
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 millions
3 months ended:
Aug 28, 2020
May 29, 2020
Feb 28, 2020
Nov 29, 2019
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
Subscription
3,000 2,874 2,825 2,687 2,547 2,456 2,305 2,184 2,022 1,923 1,793 1,696 1,570 1,484 1,384 1,262 1,169 1,084 1,070 907 829 774 713 629 547 477 424
Product
109 128 143 167 157 153 171 150 149 151 172 193 159 172 183 222 181 197 201 284 275 275 291 328 349 479 471
Services and support
116 126 123 138 130 135 125 130 120 121 114 118 112 117 114 124 114 119 112 114 113 114 105 116 109 112 105
Revenue
3,225
3,128
3,091
2,992
2,834
2,744
2,601
2,465
2,291
2,195
2,079
2,007
1,841
1,772
1,682
1,608
1,464
1,399
1,383
1,306
1,218
1,162
1,109
1,073
1,005
1,068
1,000
Subscription
(328) (317) (355) (334) (304) (296) (288) (257) (199) (186) (165) (170) (169) (143) (141) (122) (117) (115) (107) (106) (104) (104) (96) (88) (87) (84) (77)
Product
(10) (9) (7) (9) (9) (9) (12) (11) (11) (11) (13) (16) (12) (15) (14) (17) (15) (16) (20) (24) (25) (21) (20) (22) (23) (24) (27)
Services and support
(89) (89) (90) (109) (103) (102) (97) (91) (85) (84) (81) (85) (82) (81) (82) (77) (70) (71) (71) (71) (63) (60) (52) (51) (48) (46) (44)
Cost of revenue
(427)
(415)
(452)
(452)
(416)
(407)
(397)
(359)
(295)
(281)
(259)
(271)
(263)
(239)
(237)
(217)
(203)
(202)
(199)
(201)
(191)
(185)
(167)
(161)
(158)
(155)
(149)
Gross profit
2,798
2,713
2,639
2,540
2,418
2,337
2,204
2,105
1,996
1,914
1,820
1,736
1,578
1,533
1,444
1,392
1,261
1,197
1,185
1,105
1,027
977
942
912
848
913
852
Research and development
(566) (532) (532) (500) (490) (476) (465) (416) (399) (374) (349) (324) (316) (299) (285) (258) (248) (232) (237) (221) (219) (208) (216) (214) (212) (209) (210)
Sales and marketing
(892) (901) (857) (802) (812) (849) (782) (724) (670) (646) (581) (574) (550) (553) (520) (495) (477) (463) (475) (441) (422) (427) (393) (409) (406) (427) (410)
General and administrative
(230) (224) (271) (226) (219) (219) (216) (212) (184) (178) (170) (170) (147) (157) (151) (148) (143) (138) (147) (135) (122) (130) (147) (153) (142) (129) (140)
Amortization of intangibles
(41) (40) (42) (43) (43) (43) (47) (33) (24) (17) (17) (19) (19) (19) (19) (19) (23) (19) (18) (18) (18) (18) (14) (12) (13) (13) (14)
Operating expenses
(1,729)
(1,697)
(1,702)
(1,570)
(1,564)
(1,587)
(1,509)
(1,385)
(1,277)
(1,216)
(1,117)
(1,086)
(1,032)
(1,029)
(975)
(920)
(892)
(852)
(877)
(815)
(781)
(783)
(769)
(788)
(774)
(778)
(773)
Operating income
1,069
1,016
937
970
854
750
695
721
719
698
703
649
546
504
469
472
369
344
308
290
246
194
173
125
74
135
79
Interest expense
(28) (28) (33) (37) (40) (41) (41) (28) (21) (20) (20) (19) (19) (18) (18) (18) (17) (17) (18) (17) (17) (17) (15) (13) (13) (17) (17)
Investment gains (losses), net
10 — (3) 5 4 (1) 44 (3) 2 1 3 2 1 2 3 1 2 (3) (1) 1 (1) — 1 — 1 1 —
Other income (expense), net
9 12 18 19 17 3 4 10 2 12 17 10 14 5 7 1 3 6 4 22 4 4 3 — 1 3 3
Non-operating income (expense), net
(9)
(16)
(18)
(13)
(19)
(39)
8
(21)
(17)
(8)
—
(6)
(4)
(11)
(8)
(16)
(13)
(14)
(15)
7
(13)
(13)
(10)
(12)
(11)
(14)
(14)
Income before income taxes
1,060
1,000
919
957
834
711
702
699
701
691
703
643
541
493
461
457
356
330
292
297
233
181
163
112
63
121
65
(Provision for) benefit from income taxes
(105) 100 36 (105) (42) (78) (28) (21) (35) (28) (119) (141) (122) (118) (62) (57) (86) (86) (38) (74) (58) (33) (78) (24) (18) (33) (18)
Net income
955
1,100
955
852
793
633
674
678
666
663
583
502
420
374
398
400
271
244
254
223
174
147
85
88
45
89
47
Based on:
10-Q (filing date: 2020-09-23) 10-Q (filing date: 2020-06-24) 10-Q (filing date: 2020-03-25) 10-K (filing date: 2020-01-21) 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)
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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Operating income
The net result for the period of deducting operating expenses from operating revenues.
Adobe Inc.’s operating income increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Net income
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
