Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Statement of Comprehensive Income
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Revenues
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Adobe Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-02-27), 10-K (reporting date: 2025-11-28), 10-Q (reporting date: 2025-08-29), 10-Q (reporting date: 2025-05-30), 10-Q (reporting date: 2025-02-28), 10-K (reporting date: 2024-11-29), 10-Q (reporting date: 2024-08-30), 10-Q (reporting date: 2024-05-31), 10-Q (reporting date: 2024-03-01), 10-K (reporting date: 2023-12-01), 10-Q (reporting date: 2023-09-01), 10-Q (reporting date: 2023-06-02), 10-Q (reporting date: 2023-03-03), 10-K (reporting date: 2022-12-02), 10-Q (reporting date: 2022-09-02), 10-Q (reporting date: 2022-06-03), 10-Q (reporting date: 2022-03-04), 10-K (reporting date: 2021-12-03), 10-Q (reporting date: 2021-09-03), 10-Q (reporting date: 2021-06-04), 10-Q (reporting date: 2021-03-05), 10-K (reporting date: 2020-11-27), 10-Q (reporting date: 2020-08-28), 10-Q (reporting date: 2020-05-29), 10-Q (reporting date: 2020-02-28).
Over the period examined, the company’s total assets exhibited a general upward trend, although with some fluctuations. Initial growth from February 2020 to December 2021 was followed by a period of relative stabilization and then renewed growth into early 2024, before a slight decline towards the end of the observed timeframe. A closer examination of the asset composition reveals varying patterns across different categories.
- Cash and Cash Equivalents
- Cash and cash equivalents demonstrated significant volatility. A substantial increase occurred between February 2020 and November 2020, followed by a decrease in early 2021. Levels then rose again through September 2023, peaking in December 2023, before declining through May 2024 and stabilizing. The most recent quarters show a slight decrease, but remain at a relatively high level compared to the beginning of the period.
- Short-Term Investments
- Short-term investments generally decreased over the period. Beginning at US$1,483 million in February 2020, the balance steadily declined to US$273 million by November 2024, with a slight increase to US$322 million in May 2024. This suggests a potential shift in liquidity management strategy, possibly involving the conversion of short-term investments into other asset classes or operational uses.
- Trade Receivables
- Trade receivables exhibited a consistent upward trend, particularly noticeable from May 2021 through December 2022. This indicates increasing sales on credit or potentially lengthening collection periods. A slight decrease is observed in the most recent quarters, but levels remain elevated compared to earlier periods. The increase suggests a potential need to monitor collection efficiency.
- Current Assets
- Total current assets mirrored the trends observed in its components, increasing from US$6,455 million in February 2020 to a peak of US$11,084 million in December 2023, before decreasing to US$10,386 million in November 2025. The fluctuations in cash and short-term investments significantly influenced the overall trend in current assets.
- Long-Term Assets
- Long-term assets demonstrated a more stable, but overall increasing, trend. Property and equipment, net, and goodwill constituted the largest portions of these assets. Goodwill experienced a substantial increase between February 2020 and December 2021, and remained relatively stable thereafter. Other intangibles, net, showed a decreasing trend over the period. Deferred income taxes increased significantly over the period, indicating a growing deferred tax liability. Overall, long-term assets increased from US$14,759 million to US$19,318 million.
In summary, the company’s asset base expanded over the analyzed period, driven primarily by increases in long-term assets and, initially, current assets. The composition of assets shifted, with a decrease in short-term investments and an increase in trade receivables. The fluctuations in cash and cash equivalents suggest active liquidity management. The observed trends warrant continued monitoring to assess their impact on the company’s financial position and performance.