Balance Sheet: Liabilities and Stockholders’ Equity
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.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
Paying user area
Try for free
Adobe Inc. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Adobe Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Adobe Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-05-30), 10-Q (reporting date: 2025-02-28), 10-K (reporting date: 2024-11-29), 10-Q (reporting date: 2024-08-30), 10-Q (reporting date: 2024-05-31), 10-Q (reporting date: 2024-03-01), 10-K (reporting date: 2023-12-01), 10-Q (reporting date: 2023-09-01), 10-Q (reporting date: 2023-06-02), 10-Q (reporting date: 2023-03-03), 10-K (reporting date: 2022-12-02), 10-Q (reporting date: 2022-09-02), 10-Q (reporting date: 2022-06-03), 10-Q (reporting date: 2022-03-04), 10-K (reporting date: 2021-12-03), 10-Q (reporting date: 2021-09-03), 10-Q (reporting date: 2021-06-04), 10-Q (reporting date: 2021-03-05), 10-K (reporting date: 2020-11-27), 10-Q (reporting date: 2020-08-28), 10-Q (reporting date: 2020-05-29), 10-Q (reporting date: 2020-02-28), 10-K (reporting date: 2019-11-29), 10-Q (reporting date: 2019-08-30), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-03-01).
- Trade Payables
- Trade payables demonstrate a generally upward trend from March 2019 through May 2025, increasing from 145 million USD to values oscillating around 300 to 360 million USD. Notable fluctuations occur in this period, with occasional dips but a clear overall increase suggesting growing obligations to suppliers.
- Accrued Expenses and Other Current Liabilities
- Accrued expenses exhibit a steady increase from about 1,167 million USD in March 2019 to a peak around 2,336 million USD by November 2024, indicating a rise in short-term liabilities related to operations. Variability across quarters suggests fluctuations in operational costs or timing differences in expense recognition.
- Current Portion of Debt
- This liability fluctuates, showing large values early on, peaking near 3,149 million USD in mid to late 2019, then disappearing for several quarters before reappearing around 499 to 500 million USD in 2021 and increasing significantly to approximately 1,498 million USD by late 2024. The early spike followed by absence might indicate debt restructuring or reclassification.
- Deferred Revenue (Current)
- Current deferred revenue generally trends upward, growing from around 3,084 million USD in early 2019 to about 6,220 million USD by mid-2024. This reflects increasing advance payments or customer obligations not yet recognized as revenue, possibly due to expanded subscription or service models.
- Income Taxes Payable (Current)
- Current income taxes payable show considerable variability with values sporadically rising from 24 million USD in early 2019 to peaks of 857 million USD in mid-2023, followed by declines. These swings may reflect tax installment payments or timing of tax liabilities.
- Current Operating Lease Liabilities
- Current operating lease liabilities appear from mid-2019 onward, peaking at 97 million USD in late 2021, then show a gradual decline to the low 70s million USD by mid-2025, suggesting reduced lease obligations or changes in lease accounting over time.
- Current Liabilities (Total)
- Total current liabilities increase markedly from roughly 5,314 million USD in early 2019 to a peak near 10,521 million USD in late 2024, indicating a growing short-term obligation profile consistent with expanding operational scale or more short-term financing.
- Debt, Excluding Current Portion
- Long-term debt excluding current portion displays a complex pattern. Initially lower in 2019, it jumps significantly in early 2020 to above 4,000 million USD, maintains around this level for a few years, then shows a notable drop to near 2,138 million USD in early 2024 before rising again above 6,000 million USD later that year. This suggests restructuring or refinancing impacting long-term debt levels.
- Deferred Revenue (Non-Current)
- Non-current deferred revenue remains relatively stable, remaining between 100 and 150 million USD throughout the period, indicating consistent long-term portion of unearned revenue without significant volatility.
- Income Taxes Payable (Non-Current)
- Non-current income taxes payable show a slow decline from around 655 million USD in 2019 to approximately 477 million USD in mid-2025, indicating gradual settlement or reduction of longer-term tax obligations.
- Long-Term Operating Lease Liabilities
- Long-term lease liabilities peak around mid-2019 at 514 million USD, then gradually decline to 323 million USD by mid-2025, consistent with reduction in lease commitments or shifts in leasing strategy consistent with operating lease accounting changes.
- Other Liabilities
- Other liabilities fluctuate, starting near 294 million USD in early 2019, dipping and rising intermittently, reaching around 540 million USD by mid-2025. This variability may reflect miscellaneous liabilities subject to operational or accounting changes.
- Long-Term Liabilities (Total)
- Long-term liabilities broadly increase from 4,320 million USD in early 2019 to approximately 7,620 million USD by mid-2025, with some declines and spikes corresponding to debt variations, reflecting increased leverage or liability recognition over time.
- Total Liabilities
- Total liabilities rise steadily from approximately 9,634 million USD in early 2019 to peak at about 16,860 million USD by early 2025 before slightly decreasing. The increase is driven by growth in both current and long-term obligations.
- Additional Paid-In Capital
- Additional paid-in capital shows consistent growth from 5,857 million USD in early 2019 to approximately 14,375 million USD by mid-2025, denoting share issuance or equity financing activities over the period.
- Retained Earnings
- Retained earnings exhibit significant growth from 12,579 million USD in March 2019 to 41,744 million USD by May 2025, indicating sustained profitability and accumulation of earnings over the years.
- Accumulated Other Comprehensive Loss
- The accumulated other comprehensive loss fluctuates between -150 million USD and -333 million USD throughout the period without clear improvement or deterioration, evidencing ongoing unrealized losses or equity adjustments.
- Treasury Stock
- Treasury stock balance increases in absolute value substantially, from -8,415 million USD in early 2019 to -44,338 million USD by mid-2025, reflecting significant share repurchase activities impacting equity structure.
- Stockholders’ Equity
- Stockholders’ equity increases initially, peaking around 16,518 million USD in early 2024, but subsequently declines to roughly 11,448 million USD by mid-2025. The decline despite increased retained earnings likely results from growing treasury stock and accumulated losses dampening equity.
- Total Liabilities and Stockholders’ Equity
- The aggregate total of liabilities plus equity rises from approximately 19,506 million USD in early 2019 to near 30,230 million USD in late 2024 before declining to about 28,107 million USD by mid-2025, reflecting overall growth in the balance sheet size with recent contraction.