Stock Analysis on Net

Adobe Inc. (NASDAQ:ADBE)

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.

Adobe Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
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 Nov 29, 2019 Aug 30, 2019 May 31, 2019 Mar 1, 2019 Nov 30, 2018 Aug 31, 2018 Jun 1, 2018 Mar 2, 2018
Trade payables 300 314 314 346 308 379 316 366 295 312 331 312 254 306 229 289 265 209 187 169 145 186 146 117 131
Accrued expenses 1,569 1,942 1,714 1,786 1,469 1,790 1,629 1,615 1,333 1,736 1,450 1,538 1,243 1,422 1,317 1,303 1,241 1,399 1,303 1,315 1,167 1,163 1,020 1,030 911
Debt, current portion 1,497 500 500 499 499 3,149 3,149 3,146 893
Deferred revenue 5,975 5,837 5,375 5,265 5,357 5,297 4,829 4,753 4,894 4,733 4,243 4,144 4,134 3,629 3,317 3,321 3,489 3,378 3,120 3,012 3,084 2,916 2,615 2,543 2,484
Income taxes payable 123 85 857 548 222 75 76 62 83 54 70 55 81 63 177 166 149 56 44 46 24 36 11 38 11
Current operating lease liabilities 73 73 74 74 81 87 88 90 93 97 97 96 94 92 90 85 84
Current liabilities 9,537 8,251 8,334 8,019 7,437 8,128 7,438 7,385 7,197 6,932 6,191 6,145 5,806 5,512 5,130 5,164 5,228 8,191 7,803 7,687 5,314 4,301 3,792 3,729 3,536
Debt, excluding current portion 2,138 3,634 3,633 3,631 3,630 3,629 3,627 3,627 3,626 4,123 4,122 4,120 4,119 4,117 4,116 4,114 4,113 989 988 988 3,237 4,125 1,875 1,874 1,875
Deferred revenue 135 113 108 116 120 117 114 123 125 145 142 139 151 130 131 140 125 123 136 123 134 138 92 91 88
Income taxes payable 668 514 498 479 536 530 510 503 540 534 533 510 540 529 507 503 530 616 586 638 655 644 622 612 690
Long-term operating lease liabilities 378 373 389 408 415 417 426 442 447 453 466 477 494 499 520 498 514
Other liabilities 435 376 352 347 323 293 256 261 266 257 276 339 329 233 297 303 239 314 299 299 294 199 152 152 149
Long-term liabilities 3,754 5,010 4,980 4,981 5,024 4,986 4,933 4,956 5,004 5,512 5,539 5,585 5,633 5,508 5,571 5,558 5,521 2,041 2,009 2,047 4,320 5,105 2,742 2,729 2,803
Total liabilities 13,291 13,261 13,314 13,000 12,461 13,114 12,371 12,341 12,201 12,444 11,730 11,730 11,439 11,020 10,701 10,722 10,749 10,232 9,812 9,734 9,634 9,407 6,534 6,458 6,339
Preferred stock, $0.0001 par value; none issued
Common stock, $0.0001 par value
Additional paid-in-capital 12,037 11,586 11,195 10,717 10,284 9,868 9,548 9,102 8,750 8,428 8,209 7,877 7,617 7,357 7,195 6,892 6,665 6,505 6,335 6,051 5,857 5,685 5,549 5,354 5,209
Retained earnings 33,809 33,346 32,012 30,609 29,435 28,319 27,158 26,022 24,961 23,905 22,750 21,538 20,521 19,611 17,383 16,428 15,390 14,829 13,977 13,184 12,579 11,816 11,137 10,471 9,830
Accumulated other comprehensive loss (277) (285) (285) (297) (307) (293) (224) (195) (177) (137) (131) (121) (141) (158) (153) (195) (189) (188) (194) (144) (150) (148) (128) (129) (110)
Treasury stock, at cost (30,109) (28,129) (27,146) (26,191) (25,206) (23,843) (22,109) (20,944) (19,759) (17,399) (16,414) (15,442) (14,451) (13,546) (12,712) (12,244) (11,401) (10,615) (9,875) (9,159) (8,415) (7,991) (7,697) (6,990) (6,295)
Stockholders’ equity 15,460 16,518 15,776 14,838 14,206 14,051 14,373 13,985 13,775 14,797 14,414 13,852 13,546 13,264 11,713 10,881 10,465 10,530 10,243 9,932 9,871 9,362 8,862 8,706 8,634
Total liabilities and stockholders’ equity 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 20,762 20,055 19,666 19,506 18,769 15,396 15,163 14,973

Based on: 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), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-06-01), 10-Q (reporting date: 2018-03-02).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Adobe Inc. current liabilities decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 level.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Adobe Inc. long-term liabilities increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Adobe Inc. total liabilities decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 not reaching Q3 2023 level.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Adobe Inc. stockholders’ equity increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.