ADOBE INC. (ADBE) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-11-30 to 2025-02-28

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ADOBE INC. cash flow reconciliation, Nov 30, 2024 through Feb 28, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $1,811,000,000.00Stock-based compensation → Operating adjustments reconciliation: $475,000,000.00Income taxes payable → Operating adjustments reconciliation: $365,000,000.00Deferred revenue → Operating adjustments reconciliation: $231,000,000.00Depreciation, amortization and accretion → Operating adjustments reconciliation: $217,000,000.00Trade receivables, net → Operating adjustments reconciliation: $97,000,000.00Other non-cash items → Operating adjustments reconciliation: $17,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $671,000,000.00Operating adjustments reconciliation → Accrued expenses and other liabilities: $378,000,000.00Operating adjustments reconciliation → Deferred income taxes: $169,000,000.00Operating adjustments reconciliation → Prepaid expenses and other assets: $156,000,000.00Operating adjustments reconciliation → Trade payables: $28,000,000.00Maturities of short-term investments → investing reconciliation: $130,000,000.00Proceeds from sales of short-term investments → investing reconciliation: $2,000,000.00Proceeds from sale of long-term investments and other assets → investing reconciliation: $2,000,000.00investing reconciliation → Purchases of short-term investments: $533,000,000.00investing reconciliation → Purchases of long-term investments, intangibles and other assets: $59,000,000.00investing reconciliation → Purchases of property and equipment: $26,000,000.00Net cash used in financing activities → financing reconciliation: $2,841,000,000.00Proceeds from issuance of debt → financing reconciliation: $1,997,000,000.00Proceeds from re-issuance of treasury stock → financing reconciliation: $96,000,000.00financing reconciliation → Repurchases of common stock: $3,250,000,000.00financing reconciliation → Repayment of debt: $1,500,000,000.00financing reconciliation → Taxes paid related to net share settlement of equity awards: $159,000,000.00financing reconciliation → Other financing activities, net: $25,000,000.00Net cash used in investing activities → investing reconciliation: $484,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $7,613,000,000.00Net cash from operating activities → Cash sources and uses: $2,482,000,000.00Cash sources and uses → Exchange-rate effect: $12,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $6,758,000,000.00Cash sources and uses → Net cash used in investing activities: $484,000,000.00Cash sources and uses → Net cash used in financing activities: $2,841,000,000.00Net income: $1,811,000,000.00Net income+$1.81 BDepreciation, amortization and accretion: $217,000,000.00Depreciation & amortization+$217.00 MStock-based compensation: $475,000,000.00Stock-based compensation+$475.00 MDeferred income taxes: -$169,000,000.00Deferred taxes & credits−$169.00 MOther non-cash items: $17,000,000.00Other non-cash items+$17.00 MTrade receivables, net: $97,000,000.00Receivables, net+$97.00 MPrepaid expenses and other assets: -$156,000,000.00Prepaid & other assets−$156.00 MTrade payables: -$28,000,000.00Accounts payable−$28.00 MAccrued expenses and other liabilities: -$378,000,000.00Accrued liabilities−$378.00 MIncome taxes payable: $365,000,000.00Income taxes payable+$365.00 MDeferred revenue: $231,000,000.00Unearned revenue+$231.00 MNet cash from operating activities: $2,482,000,000.00Operating cash+$2.48 BOperating adjustments reconciliation: $1,402,000,000.00Other financing activities, net: -$25,000,000.00Other financing, net−$25.00 MRepurchases of common stock: -$3,250,000,000.00Common stock repurchases−$3.25 BProceeds from issuance of debt: $1,997,000,000.00Long-term debt issued+$2.00 BTaxes paid related to net share settlement of equity awards: -$159,000,000.00Taxes paid related to net share settlement of equityawards−$159.00 MProceeds from re-issuance of treasury stock: $96,000,000.00Treasury stock sold+$96.00 MRepayment of debt: -$1,500,000,000.00Long-term debt repaid−$1.50 BNet cash used in financing activities: -$2,841,000,000.00. Cash required to fund net payments.Financing cash−$2.84 Bfinancing reconciliation: $4,934,000,000.00Maturities of short-term investments: $130,000,000.00Short-term investment maturities+$130.00 MProceeds from sales of short-term investments: $2,000,000.00Short-term investment sales+$2.00 MPurchases of long-term investments, intangibles and other assets: -$59,000,000.00Long-term investment purchases−$59.00 MPurchases of property and equipment: -$26,000,000.00PP&E purchases−$26.00 MProceeds from sale of long-term investments and other assets: $2,000,000.00Long-term investments sold+$2.00 MPurchases of short-term investments: -$533,000,000.00Short-term investment purchases−$533.00 MNet cash used in investing activities: -$484,000,000.00. Cash required to fund net payments.Investing cash−$484.00 Minvesting reconciliation: $618,000,000.00Cash sources and uses: $10,095,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $7,613,000,000.00Beginning cash$7.61 BEnding cash: Cash, cash equivalents, and restricted cash: $6,758,000,000.00Ending cash$6.76 BExchange-rate effect: -$12,000,000.00FX effect−$12.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$2.46 BOperating cash − cash spent on PP&ECash flow / Net income1.37×Operating cash flow ÷ net incomeNet cash change−$855.00 MEnding cash − beginning cash
Chart details

ADOBE INC. cash flow reconciliation, Nov 30, 2024 through Feb 28, 2025

Cash flows for Nov 30, 2024 through Feb 28, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Nov 29, 2024. Ending cash: Feb 28, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Nov 29, 2024
7,613,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
2,482,000,000 US dollars. Net cash provided.
Net income
1,811,000,000 US dollars
Depreciation, amortization and accretion
217,000,000 US dollars
Stock-based compensation
475,000,000 US dollars
Deferred income taxes
negative 169,000,000 US dollars
Other non-cash items
17,000,000 US dollars
Trade receivables, net
97,000,000 US dollars
Prepaid expenses and other assets
negative 156,000,000 US dollars
Trade payables
negative 28,000,000 US dollars
Accrued expenses and other liabilities
negative 378,000,000 US dollars
Income taxes payable
365,000,000 US dollars
Deferred revenue
231,000,000 US dollars
Investing activities
negative 484,000,000 US dollars. Net cash used.
Maturities of short-term investments
130,000,000 US dollars
Proceeds from sales of short-term investments
2,000,000 US dollars
Purchases of long-term investments, intangibles and other assets
negative 59,000,000 US dollars
Purchases of property and equipment
negative 26,000,000 US dollars
Proceeds from sale of long-term investments and other assets
2,000,000 US dollars
Purchases of short-term investments
negative 533,000,000 US dollars
Financing activities
negative 2,841,000,000 US dollars. Net cash used.
Other financing activities, net
negative 25,000,000 US dollars
Repurchases of common stock
negative 3,250,000,000 US dollars
Proceeds from issuance of debt
1,997,000,000 US dollars
Taxes paid related to net share settlement of equity awards
negative 159,000,000 US dollars
Proceeds from re-issuance of treasury stock
96,000,000 US dollars
Repayment of debt
negative 1,500,000,000 US dollars
Operating adjustment reconciliation
1,402,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
4,934,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
618,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 12,000,000 US dollars
Ending cash on Feb 28, 2025
6,758,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
10,095,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 855,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.37×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
2,482,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
26,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
2,456,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $671.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 2,482,000,000 US dollars minus 26,000,000 US dollars equals 2,456,000,000 US dollars.
ADOBE INC. (ADBE) FY2025 Q1 Statement of Cash Flows Sankey chart
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