Adobe (ADBE) FY2021 results: revenue $15.8 billion, up 22.7% on the year
Adobe Inc. (ADBE) reported revenue of $15.8 billion for fiscal 2021, the year ended 3 December 2021, up 22.7% on the year before. Net income was $4.8 billion, down 8.3%, and diluted earnings per share $10.02. The figures are the company's own, from the 10-K it filed with the SEC on 21 January 2022.
Revenue
$15.8 billion
+22.7% on the year
FY2014FY2021
Operating margin
36.8%
32.9% a year earlier
FY2014FY2021
Net income
$4.8 billion
-8.3% on the year
FY2014FY2021
Diluted EPS
$10.02
-7.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
7,230
5,727
4,422
+26.2%
Capital expenditure
348
419
394
-16.9%
Free cash flow
6,882
5,308
4,027
+29.7%
Free cash flow margin
43.6%
41.2%
36.1%
Cash from investing
-3,537
-414
-456
Cash from financing
-4,301
-3,488
-2,946
Depreciation and amortisation
788
757
757
+4.1%
Share-based compensation
1,069
909
788
+17.6%
Buybacks
3,950
3,050
2,750
+29.5%
Diluted shares, weighted
481m
486m
492m
-0.9%
Shares outstanding at period end
475m
479m
482m
-0.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
14,797
13,264
10,530
+11.6%
Debt
4,123
4,117
4,138
+0.1%
Operating lease liabilities
453
499
0.0
-9.2%
Other liabilities
7,868
6,404
6,094
+22.9%
Total liabilities and equity
27,241
24,284
20,762
+12.2%
Fixed assets
1,673
1,517
1,293
+10.3%
Goodwill
12,668
10,742
10,691
+17.9%
Intangible assets
1,820
1,359
1,721
+33.9%
Investments
1,954
1,514
1,527
+29.1%
Cash and equivalents
3,844
4,478
2,650
-14.2%
Receivables
1,878
1,398
1,535
+34.3%
Other assets
3,404
3,276
1,346
+3.9%
Total assets
27,241
24,284
20,762
+12.2%
10-K for the year ended 3 December 2021, filed 21 January 2022: the filing.