Adobe Balance Sheet

Financials in millions USD. Fiscal year is December - November.

Millions USD. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 28, 2025	Nov '24 Nov 29, 2024	Dec '23 Dec 1, 2023	Dec '22 Dec 2, 2022	Dec '21 Dec 3, 2021
Cash & Equivalents	5,431	7,613	7,141	4,236	3,844
Short-Term Investments	1,164	273	701	1,860	1,954
Trading Asset Securities	2	-	-	-	-
Cash & Short-Term Investments	6,597	7,886	7,842	6,096	5,798
Cash Growth	-16.35%	0.56%	28.64%	5.14%	-3.24%
Receivables	2,344	2,072	2,224	2,065	1,878
Prepaid Expenses	903	916	732	561	690
Other Current Assets	319	358	286	274	303
Total Current Assets	10,163	11,232	11,084	8,996	8,669
Property, Plant & Equipment	2,185	2,217	2,388	2,315	2,116
Long-Term Investments	92	-	-	-	-
Goodwill	12,857	12,788	12,805	12,787	12,668
Other Intangible Assets	495	782	1,088	1,449	1,820
Long-Term Deferred Tax Assets	2,186	1,657	1,191	777	1,085
Long-Term Deferred Charges	464	464	422	406	406
Other Long-Term Assets	1,054	1,090	801	435	477
Total Assets	29,496	30,230	29,779	27,165	27,241
Accounts Payable	417	361	314	379	312
Accrued Expenses	2,308	2,018	1,781	1,669	1,600
Current Portion of Long-Term Debt	8	1,499	-	500	-
Current Portion of Leases	77	75	73	87	97
Current Income Taxes Payable	153	119	85	75	54
Current Unearned Revenue	6,905	6,131	5,837	5,297	4,733
Other Current Liabilities	332	318	161	121	136
Total Current Liabilities	10,200	10,521	8,251	8,128	6,932
Long-Term Debt	6,210	4,129	3,634	3,629	4,123
Long-Term Leases	361	353	373	417	453
Long-Term Unearned Revenue	125	128	113	117	145
Other Long-Term Liabilities	977	994	890	823	791
Total Liabilities	17,873	16,125	13,261	13,114	12,444
Additional Paid-In Capital	15,361	13,419	11,586	9,868	8,428
Retained Earnings	45,354	38,470	33,346	28,319	23,905
Treasury Stock	-48,847	-37,583	-28,129	-23,843	-17,399
Comprehensive Income & Other	-245	-201	-285	-293	-137
Shareholders' Equity	11,623	14,105	16,518	14,051	14,797
Total Liabilities & Equity	29,496	30,230	29,779	27,165	27,241
Total Debt	6,656	6,056	4,080	4,633	4,673
Net Cash (Debt)	-59	1,830	3,762	1,463	1,125
Net Cash Growth	-	-51.36%	157.14%	30.04%	-12.38%
Net Cash Per Share	-0.14	4.07	8.19	3.11	2.34
Filing Date Shares Outstanding	410.5	435.3	452	457.8	471.7
Total Common Shares Outstanding	413	441	455	462	475
Working Capital	-37	711	2,833	868	1,737
Book Value Per Share	28.14	31.98	36.30	30.41	31.15
Tangible Book Value	-1,729	535	2,625	-185	309
Tangible Book Value Per Share	-4.19	1.21	5.77	-0.40	0.65
Land	161	163	163	144	145
Buildings	1,646	1,628	1,660	902	904
Machinery	1,507	1,551	1,661	1,497	1,405
Construction In Progress	37	27	2	675	402
Leasehold Improvements	250	222	275	259	268

Source: S&P Global Market Intelligence. Standard template. Financial Sources.