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Adobe Inc. [ADBE] reports $1.7 billion quarterly net profit

Adobe Inc. [ADBE] reports $1.7 billion quarterly net profit

Company generates $5.4 billion in revenue

By USinMinutes
Published - Sep 25, 2024, 10:44 PM ET
Last Updated - Sep 27, 2024, 02:08 AM EDT

Adobe Inc. Adobe Inc. [ADBE] has reported $1.7 billion quarterly profit, an increase of $111 million from the previous quarter, the company said in a filing to the SEC for the Q3 ended Aug 30, 2024.

Adobe reported the quarterly diluted earnings per share (EPS) of $3.76.

Dollars in millions
Aug 30, 2024    May 31, 2024    Mar 01, 2024    Dec 01, 2023   

Income Statement

Revenue $5,408.0  $0.0  $5,182.0  $19,409.0 
Operating Profit $1,992.0  $1,885.0  $907.0  $6,650.0 
Net Income $1,684.0  $1,573.0  $620.0  $5,428.0 
Net Cash $52.0  $519.0  -$887.0  $2,905.0 
Gross Margin $4,854.0  $4,711.0  $4,592.0  $17,055.0 
Operating Margin $0.0  $0.0  $0.0  $0.0 
Profit as % of Revenues288.24 299.49 88.61 87.87 
Profit as % of Assets9.56 5.26 2.12 19.06 
Profit as % of Stockholder Equity11.58 10.60 4.01 32.86 
Return on Equity11.58 2.41 2.25 8.30 
Return on Assets5.65 1.19 1.21 4.60 
Turnover Ratio30.69 0.00 0.18 0.68 
EBITA$2,035.0 $1,927.0 $0.0 $0.0 

Balance Sheet

Total Assets $29,830.0  $30,007.0  $28,751.0  $29,779.0 
Total Liabilities $15,285.0  $15,164.0  $13,291.0  $13,261.0 

Cash Flow Statement

Operating Cash Flow $5,135.0  $3,114.0  $1,174.0  $7,302.0 
Investing Cash Flow $130.0  $177.0  $66.0  $776.0 
Financing Cash Flow -$5,223.0  -$2,770.0  -$2,128.0  -$5,182.0 
Read the full filing
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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