Financial Statements

Adobe Inc. (ADBE)

$370.34

+6.92 (+1.90%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2022 2021 2020 2019 2018
Retained Earnings (Previous Year) 23,90519,61114,82911,816-
Net Income 4,7564,8225,2602,9512,591
Stock Dividends -342-528-478629,225
Dividend Paid -----
Retained Earnings 28,31923,90519,61114,82911,816

PPE Schedule

Year 2022 2021 2020 2019 2018
Gross PPE 2,1162,0041,2931,075-
Annual Depreciation 6414601,1306121,342
Capital Expenditure -442-348-419-394-267
Net PPE 2,3152,1162,0041,2931,075

Intangible and Goodwill Schedule

Year 2022 2021 2020 2019 2018
Intangible and Goodwill (Previous Year) -10,58110,69110,74212,668
New Purchases -585-749-1,086-1,575-955
Intangible and Goodwill 10,58110,69110,74212,66812,787

Adobe Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Adobe Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.