Common-Size Income Statement

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Adobe Systems Inc., Common-Size Consolidated Income Statement

 
12 months ended Dec 1, 2017 Dec 2, 2016 Nov 27, 2015 Nov 28, 2014 Nov 29, 2013 Nov 30, 2012
Subscription 84.01    78.31    67.23    50.07    28.06    15.29   
Product 9.68    13.67    23.46    39.25    60.91    75.91   
Services and support 6.31    8.01    9.31    10.67    11.03    8.80   
Revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Subscription -8.53    -7.89    -8.53    -8.09    -6.86    -4.98   
Product -0.78    -1.18    -1.88    -2.34    -3.41    -2.76   
Services and support -4.52    -4.94    -5.11    -4.57    -4.20    -3.25   
Cost of revenue -13.84% -14.00% -15.52% -15.00% -14.46% -10.99%
Gross profit 86.16% 86.00% 84.48% 85.00% 85.54% 89.01%
Research and development -16.76    -16.67    -17.99    -20.36    -20.38    -16.87   
Sales and marketing -30.10    -32.63    -35.10    -39.84    -39.96    -34.43   
General and administrative -8.56    -9.84    -11.12    -13.58    -13.48    -9.81   
Amortization of purchased intangibles -1.05    -1.34    -1.43    -1.26    -1.29    -1.10   
Operating expenses -56.47% -60.48% -65.65% -75.05% -75.11% -62.21%
Operating income 29.69% 25.51% 18.83% 9.95% 10.42% 26.80%
Interest income 0.90    0.81    0.60    0.51    0.54    0.56   
Foreign exchange gains (losses) -0.42    -0.61    -0.42    -0.45    -0.52    -0.71   
Realized gains on fixed income investment 0.02    0.05    0.07    0.10    0.10    0.07   
Realized losses on fixed income investment -0.01    -0.02    -0.01    -0.00    -0.03    -0.01   
Other 0.00    0.00    0.47    0.02    0.03    0.01   
Interest and other income (expense), net 0.50% 0.23% 0.71% 0.18% 0.12% -0.08%
Interest expense -1.02    -1.20    -1.34    -1.44    -1.66    -1.53   
Realized investment gains 0.04    0.08    0.06    0.03    0.04    0.20   
Unrealized investment gains 0.06    0.00    –    0.02    0.03    0.02   
Realized investment losses –    -0.11    -0.00    -0.03    -0.17    -0.00   
Unrealized investment losses –    –    -0.03    –    –    -0.01   
Investment gains (losses), net 0.10% -0.03% 0.02% 0.03% -0.10% 0.22%
Non-operating income (expense), net -0.42% -1.00% -0.61% -1.24% -1.64% -1.39%
Income before income taxes 29.28% 24.51% 18.22% 8.71% 8.78% 25.41%
Provision for income taxes -6.08    -4.55    -5.09    -2.24    -1.63    -6.50   
Net income 23.20% 19.96% 13.13% 6.47% 7.15% 18.91%

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