Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Adobe Inc., adjusted current assets

US$ in millions

	Dec 1, 2023	Dec 2, 2022	Dec 3, 2021	Nov 27, 2020	Nov 29, 2019	Nov 30, 2018
As Reported
Current assets	11,084)	8,996)	8,669)	8,146)	6,495)	4,857)
Adjustments
Add: Allowances for doubtful accounts	16)	23)	16)	21)	10)	15)
After Adjustment
Adjusted current assets	11,100)	9,019)	8,685)	8,167)	6,505)	4,872)

Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).

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Adobe Inc., adjusted total assets

US$ in millions

	Dec 1, 2023	Dec 2, 2022	Dec 3, 2021	Nov 27, 2020	Nov 29, 2019	Nov 30, 2018
As Reported
Total assets	29,779)	27,165)	27,241)	24,284)	20,762)	18,769)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	597)	569)
Add: Allowances for doubtful accounts	16)	23)	16)	21)	10)	15)
Less: Deferred tax assets²	1,191)	777)	1,085)	1,370)	—)	—)
After Adjustment
Adjusted total assets	28,604)	26,411)	26,172)	22,935)	21,369)	19,353)

Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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Adobe Inc., adjusted current liabilities

US$ in millions

	Dec 1, 2023	Dec 2, 2022	Dec 3, 2021	Nov 27, 2020	Nov 29, 2019	Nov 30, 2018
As Reported
Current liabilities	8,251)	8,128)	6,932)	5,512)	8,191)	4,301)
Adjustments
Less: Deferred revenue, current	5,837)	5,297)	4,733)	3,629)	3,378)	2,916)
After Adjustment
Adjusted current liabilities	2,414)	2,831)	2,199)	1,883)	4,813)	1,385)

Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).

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Adobe Inc., adjusted total liabilities

US$ in millions

	Dec 1, 2023	Dec 2, 2022	Dec 3, 2021	Nov 27, 2020	Nov 29, 2019	Nov 30, 2018
As Reported
Total liabilities	13,261)	13,114)	12,444)	11,020)	10,232)	9,407)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	597)	569)
Less: Deferred tax liabilities²	15)	28)	5)	10)	140)	47)
Less: Deferred revenue	5,950)	5,414)	4,878)	3,759)	3,501)	3,054)
After Adjustment
Adjusted total liabilities	7,296)	7,672)	7,561)	7,251)	7,188)	6,876)

Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Adobe Inc., adjusted stockholders’ equity

US$ in millions

	Dec 1, 2023	Dec 2, 2022	Dec 3, 2021	Nov 27, 2020	Nov 29, 2019	Nov 30, 2018
As Reported
Stockholders’ equity	16,518)	14,051)	14,797)	13,264)	10,530)	9,362)
Adjustments
Less: Net deferred tax assets (liabilities)¹	1,176)	749)	1,080)	1,360)	(140)	(47)
Add: Allowances for doubtful accounts	16)	23)	16)	21)	10)	15)
Add: Deferred revenue	5,950)	5,414)	4,878)	3,759)	3,501)	3,054)
After Adjustment
Adjusted stockholders’ equity	21,308)	18,739)	18,611)	15,684)	14,181)	12,477)

Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).

¹ Net deferred tax assets (liabilities). See details »

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Adobe Inc., adjusted capitalization table

US$ in millions

	Dec 1, 2023	Dec 2, 2022	Dec 3, 2021	Nov 27, 2020	Nov 29, 2019	Nov 30, 2018
As Reported
Debt, current portion	—)	500)	—)	—)	3,149)	—)
Debt, excluding current portion	3,634)	3,629)	4,123)	4,117)	989)	4,125)
Total reported debt	3,634)	4,129)	4,123)	4,117)	4,138)	4,125)
Stockholders’ equity	16,518)	14,051)	14,797)	13,264)	10,530)	9,362)
Total reported capital	20,152)	18,180)	18,920)	17,381)	14,668)	13,487)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	597)	569)
Add: Current operating lease liabilities²	73)	87)	97)	92)	—)	—)
Add: Long-term operating lease liabilities³	373)	417)	453)	499)	—)	—)
Adjusted total debt	4,080)	4,633)	4,673)	4,708)	4,736)	4,694)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	1,176)	749)	1,080)	1,360)	(140)	(47)
Add: Allowances for doubtful accounts	16)	23)	16)	21)	10)	15)
Add: Deferred revenue	5,950)	5,414)	4,878)	3,759)	3,501)	3,054)
Adjusted stockholders’ equity	21,308)	18,739)	18,611)	15,684)	14,181)	12,477)
After Adjustment
Adjusted total capital	25,388)	23,372)	23,284)	20,392)	18,917)	17,172)

Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities. See details »

³ Long-term operating lease liabilities. See details »

⁴ Net deferred tax assets (liabilities). See details »

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Adobe Inc., adjusted revenue

US$ in millions

12 months ended:	Dec 1, 2023	Dec 2, 2022	Dec 3, 2021	Nov 27, 2020	Nov 29, 2019	Nov 30, 2018
As Reported
Revenue	19,409)	17,606)	15,785)	12,868)	11,171)	9,030)
Adjustment
Add: Increase (decrease) in deferred revenue	536)	536)	1,119)	258)	447)	559)
After Adjustment
Adjusted revenue	19,945)	18,142)	16,904)	13,126)	11,618)	9,589)

Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).

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Adobe Inc., adjusted net income

US$ in millions

12 months ended:	Dec 1, 2023	Dec 2, 2022	Dec 3, 2021	Nov 27, 2020	Nov 29, 2019	Nov 30, 2018
As Reported
Net income	5,428)	4,756)	4,822)	5,260)	2,951)	2,591)
Adjustments
Add: Deferred income tax expense (benefit)¹	(422)	326)	192)	(1,504)	5)	(467)
Add: Increase (decrease) in allowances for doubtful accounts	(7)	7)	(5)	11)	(5)	6)
Add: Increase (decrease) in deferred revenue	536)	536)	1,119)	258)	447)	559)
Add: Other comprehensive income (loss), net of taxes	8)	(156)	21)	30)	(40)	(36)
After Adjustment
Adjusted net income	5,543)	5,469)	6,149)	4,055)	3,358)	2,652)

Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).

¹ Deferred income tax expense (benefit). See details »

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Adobe Inc. (NASDAQ:ADBE)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income