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ADBE Adobe

Adobe is changing the world through digital experiences.

Company profile

Ticker
ADBE
Exchange
Website
CEO
Shantanu Narayen
Employees
Incorporated
Location
Fiscal year end
Former names
ADOBE SYSTEMS INC
SEC CIK
IRS number
770019522

ADBE stock data

(
)

Calendar

31 Mar 21
18 Apr 21
29 Nov 21
Quarter (USD)
Mar 21 Nov 20 Aug 20 May 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Nov 20 Nov 19 Nov 18 Nov 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Adobe earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 3.45B 3.45B 3.45B 3.45B 3.45B 3.45B
Cash burn (monthly) 342M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 514.38M n/a n/a n/a n/a n/a
Cash remaining 2.94B n/a n/a n/a n/a n/a
Runway (months of cash) 8.6 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Apr 21 Parasnis Abhay Common Stock Sell Dispose S No Yes 524 4,000 2.1M 39,746
9 Apr 21 Murphy John Francis Common Stock Payment of exercise Dispose F No No 504.04 2,840 1.43M 22,016
9 Apr 21 Murphy John Francis Common Stock Option exercise Aquire M No No 0 5,730 0 24,856
9 Apr 21 Murphy John Francis RSU Common Stock Option exercise Dispose M No No 0 5,730 0 5,730
25 Mar 21 Chen Gloria Common Stock Sell Dispose S No Yes 447.66 43 19.25K 11,301
25 Mar 21 Belsky Scott Common Stock Sell Dispose S No No 448.635 600 269.18K 27,757
20 Mar 21 Murphy John Francis Common Stock Payment of exercise Dispose F No No 441.5 2,850 1.26M 19,126
20 Mar 21 Murphy John Francis Common Stock Option exercise Aquire M No No 0 5,750 0 21,976
20 Mar 21 Murphy John Francis RSU Common Stock Option exercise Dispose M No No 0 5,750 0 0

Financial report summary

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Risks
  • The effects of the COVID-19 pandemic have materially affected how we and our customers are operating our businesses, and the duration and extent to which this will impact our future results of operations and overall financial performance remains uncertain.
  • Our competitive position and results of operations could be harmed if we do not compete effectively.
  • If we cannot continue to develop, acquire, market and offer new products and services or enhancements to existing products and services that meet customer requirements, our operating results could suffer.
  • Introduction of new technology could harm our business and results of operations.
  • We may not realize the anticipated benefits of past or future investments or acquisitions, and integration of acquisitions may disrupt our business and management.
  • The success of some of our product and service offerings depends on our ability to continue to attract and retain customers of and contributors to our online marketplaces for creative content.
  • If our products or platforms are used to create or disseminate objectionable content, particularly misleading content intended to manipulate public opinion, our brand reputation may be damaged, and our business and financial results may be harmed.
  • Social and ethical issues relating to the use of AI in our offerings may result in reputational harm and liability.
  • Security breaches in data centers we manage, or third parties manage on our behalf, may compromise the confidentiality, integrity, or availability of employee and customer data, which could expose us to liability and adversely affect our reputation and business.
  • We rely on data centers managed both by Adobe and third parties to host and deliver our services, as well as access, collect, process, use, transmit and store data, and any interruptions or delays in these hosted services, or failures in data collection or transmission could expose us to liability and harm our business and reputation.
  • Security vulnerabilities in our products and systems, or in our supply chain, could lead to reduced revenue or to liability claims.
  • Some of our enterprise offerings have extended and complex sales cycles, which can make our sales cycles unpredictable.
  • If our customers fail to renew subscriptions in accordance with our expectations, our future revenue and operating results could suffer.
  • We face various risks associated with our operating as a multinational corporation.
  • Our business could be harmed if we fail to effectively manage critical strategic third-party business relationships.
  • Failure of our third-party customer service and technical support providers to adequately address customers’ requests could harm our business and adversely affect our financial results.
  • If we are unable to recruit and retain key personnel, our business may be harmed.
  • Failure to manage our sales, partner and distribution channels effectively could result in a loss of revenue and harm to our business.
  • Catastrophic events may disrupt our business.
  • Climate change may have a long-term impact on our business.
  • We are subject to risks associated with compliance with laws and regulations globally, which may harm our business.
  • Increasing regulatory focus on privacy and security issues and expanding laws could impact our business models and expose us to increased liability.
  • Our intellectual property portfolio is a valuable asset and we may not be able to protect our intellectual property rights, including our source code, from infringement or unauthorized copying, use or disclosure.
  • We may incur substantial costs defending against third parties alleging that we infringe their proprietary rights.
  • Changes in accounting principles, or interpretations thereof, could have a significant impact on our financial position and results of operations.
  • Changes in tax rules and regulations, or interpretations thereof, may adversely affect our effective tax rates.
  • Contracting with government entities exposes us to additional risks inherent in the government procurement process.
  • Uncertainty about current and future economic conditions and other adverse changes in general political conditions in any of the major countries in which we do business could adversely affect our operating results.
  • Subscription offerings could create risks related to the timing of revenue recognition.
  • We may incur losses associated with currency fluctuations and may not be able to effectively hedge our exposure.
  • Revenue, margin or earnings shortfalls or the volatility of the market generally may cause the market price of our stock to decline.
  • If our goodwill or amortizable intangible assets become impaired, then we could be required to record a significant charge to earnings.
  • We have issued $4.15 billion of notes in debt offerings and may incur other debt in the future, which may adversely affect our financial condition and future financial results.
  • Our investment portfolio may become impaired by deterioration of the financial markets.
Management Discussion
  • Our results of operations for the first quarter of fiscal 2021 were impacted by an extra week due to our first quarter of fiscal 2021 having 14 weeks as compared to 13 weeks in the year-ago period.
  • •Total Digital Media ARR of approximately $10.69 billion as of March 5, 2021 increased by $435 million, or 4%, from $10.26 billion as of November 27, 2020. The change in our Digital Media ARR is primarily due to new user adoption of our Creative Cloud and Adobe Document Cloud offerings.
  • •Creative revenue during the three months ended March 5, 2021 of $2.38 billion increased by $561 million, or 31%, compared to the year-ago period. Document Cloud revenue during the three months ended March 5, 2021 of $480 million increased by $129 million, or 37%, compared to the year-ago period. The increases were primarily due to the increase in subscription revenue associated with our Creative Cloud and Document Cloud offerings.
Content analysis
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