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Adobe Inc. (ADBE)
NASDAQ: ADBE · Real-Time Price · USD
252.23
+3.40 (1.37%)
At close: Sep 11, 2026, 4:00 PM EDT
252.20
-0.03 (-0.01%)
After-hours: Sep 11, 2026, 7:59 PM EDT

Adobe Cash Flow Statement

Millions USD. Fiscal year is Dec - Nov.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Aug '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Net Income
7,2847,1305,5605,4284,7564,822
Depreciation & Amortization
484536585618618576
Other Amortization
282282272254238212
Asset Writedown & Restructuring Costs
70-78---
Loss (Gain) From Sale of Investments
----29-4
Stock-Based Compensation
2,0711,9421,8331,7181,4401,069
Other Operating Activities
148-464-416-361421263
Change in Accounts Receivable
118-275143-159-198-430
Change in Accounts Payable
1026444-4966-20
Change in Unearned Revenue
5677713095365361,053
Change in Income Taxes
-87-4568-11192
Change in Other Net Operating Assets
-23390-420-672-87-313
Operating Cash Flow
10,80610,0318,0567,3027,8387,230
Operating Cash Flow Growth
10.36%24.52%10.33%-6.84%8.41%26.24%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Aug '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-214-179-183-360-442-348
Cash Acquisitions
-1,560-17---126-2,682
Investment in Securities
-283-9943301,135-2-507
Other Investing Activities
3321--
Investing Cash Flow
-2,054-1,187149776-570-3,537

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Aug '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-1,9971,997---
Long-Term Debt Repaid
--1,500--500--
Net Debt Issued (Repaid)
2434971,997-500--
Issuance of Common Stock
170348361314278291
Repurchase of Common Stock
-9,603-11,756-10,177-4,989-7,068-4,669
Other Financing Activities
-179-14995-7-3577
Financing Cash Flow
-9,369-11,060-7,724-5,182-6,825-4,301

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Aug '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-634-99-51-26
Net Cash Flow
-623-2,1824722,905392-634

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Aug '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
10,5929,8527,8736,9427,3966,882
Free Cash Flow Growth
10.35%25.14%13.41%-6.14%7.47%29.65%
Free Cash Flow Margin
40.79%41.45%36.61%35.77%42.01%43.60%
Free Cash Flow Per Share
26.0423.0717.5115.1215.7114.31
Levered Free Cash Flow
9,1308,8067,9536,6116,2725,784
Unlevered Free Cash Flow
9,2928,9708,0596,6816,3425,854

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Aug '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
172246143106103100
Cash Income Tax Paid
1,6032,2191,7271,854778843
Change in Working Capital
467605144-355336292
SEC Filings: 10-K · 10-Q