Adobe Systems Investor Relations Data Sheet
Last Updated: March 17, 2015
Description
Q1`13
Q2`13
Q3`13
Q4`13
Total Revenue
1,007.9
1,010.5
995.1
1,041.7
Digital Media
688.4
670.0
636.7
Digital Marketing
267.7
285.4
Print & Publishing
51.8
Digital Media
FY2013
Q1`14
Q2`14
Q3`14
Q4`14
4,055.2
1,000.1
1,068.2
1,005.4
1,073.3
4,147.0
1,109.2
630.8
2,625.9
641.1
691.6
621.4
649.0
2,603.1
702.8
311.7
364.1
1,228.9
314.4
330.3
336.6
373.9
1,355.2
357.2
55.1
46.7
46.8
200.4
44.6
46.3
47.4
50.4
188.7
49.2
68%
66%
64%
61%
65%
64%
65%
62%
61%
63%
63%
Digital Marketing
27%
28%
31%
35%
30%
31%
31%
33%
35%
33%
32%
Print & Publishing
5%
6%
5%
4%
5%
5%
4%
5%
4%
4%
5%
FY2014
Q1`15
Revenue
($Millions)
Revenue by
Segment
($Millions)
Revenue by
Segment
(as % of total revenue)
Digital Media
Creative Cloud Subscriptions (Thousands)
488
715
1,037
1,439
-
1,844
2,308
2,810
3,454
-
3,971
Creative ARR* ($Millions)
237
362
549
801
-
987
1,195
1,404
1,676
-
-
-
-
-
-
-
-
-
-
1,610
-
1,790
188.2
199.3
182.7
198.4
768.6
194.1
196.3
208.1
197.1
795.6
193.4
Document Services ARR** ($Millions)
63
82
106
143
-
164
183
217
271
-
-
Document Services ARR** ($Millions) - Updated for Current Currency Rates***
-
-
-
-
-
-
-
-
265
-
297
Total Digital Media ARR (Creative ARR + Document Services ARR; $Millions)
300
444
655
944
-
1,151
1,378
1,621
1,947
-
-
Total Digital Media ARR ($Millions) - Updated for Current Currency Rates***
-
-
-
-
-
-
-
-
1,875
-
2,087
Creative ARR* ($Millions) - Updated for Current Currency Rates***
Document Services Revenue ($Millions)
Supplementary
Business Unit
Data
* Creative Annualized Recurring Revenue ("ARR") = [(# of Creative Cloud Subscriptions) x (Average Revenue Per Subscription Per Month) x 12] + [Annual Creative ETLA Contract Value] + [Digital Publishing Suite ("DPS") ARR] NOTE:
DPS ARR was included in Creative ARR starting with Q4 FY13
** Document Services Annualized Recurring Revenue ("ARR") = Annual Acrobat ETLA Contract Value + Annual Value of Acrobat Cloud and EchoSign Services
*** ARR is forecasted annually at December currency rates, and currency rates are held constant through that fiscal year for measurement purposes; end-of-year actual ARR balances are then revalued at new December rates for the next
fiscal year
Digital Marketing
Adobe Marketing Cloud Revenue ($Millions)
215.4
229.6
254.9
316.2
1,016.1
267.0
282.9
290.1
330.3
1,170.3
311.5
52.3
55.8
56.8
47.9
212.8
47.4
47.4
46.5
43.6
184.9
45.7
Americas
500.3
525.4
534.1
574.6
2,134.4
536.6
579.2
582.0
616.6
2,314.4
644.6
EMEA
297.5
262.8
263.8
305.1
1,129.2
299.8
296.6
275.2
308.2
1,179.8
307.1
Asia
210.1
222.3
197.2
162.0
791.6
163.7
192.4
148.2
148.5
652.8
157.5
LiveCycle and Web Conferencing Revenue ($Millions)
Revenue by
Geography
($Millions)
Revenue by
Geography
(as % of total revenue)
Americas
50%
52%
54%
55%
53%
54%
54%
58%
57%
56%
58%
EMEA
30%
26%
26%
29%
28%
30%
28%
27%
29%
28%
28%
Asia
20%
22%
20%
16%
19%
16%
18%
15%
14%
16%
14%
53.7
34.9
41.4
40.8
170.8
38.1
36.1
38.7
36.1
149.0
44.3
98.3
97.8
103.1
105.6
404.8
108.0
115.9
117.0
122.8
463.7
120.4
4.7
2.6
2.6
1.1
11.0
2.4
2.9
2.0
2.0
9.3
2.1
156.7
135.3
147.1
147.5
586.6
148.5
154.9
157.7
160.9
622.0
166.8
5.0
4.8
5.1
2.6
17.5
4.1
4.6
4.6
5.0
18.3
5.0
32.0
28.3
30.6
31.5
122.4
31.2
30.2
30.6
31.3
123.3
31.1
30.7
29.2
28.9
34.9
123.7
30.7
29.9
30.2
30.5
121.3
32.1
17.4
17.3
16.5
17.5
68.7
17.5
18.9
18.3
18.2
72.9
18.4
85.1
79.6
81.1
86.5
332.3
83.5
83.6
83.7
85.0
335.8
86.6
11,196
11,413
12,035
11,847
-
11,802
12,026
12,368
12,499
-
12,698
44
42
48
52
-
46
45
48
50
-
44
507.8
512.4
514.1
511.1
513.5
508.3
506.7
507.8
507.5
508.5
507.5
Digital Media
Supplementary
Cost of Revenue Digital Marketing
Data
Print & Publishing
($Millions)
Total
Direct Costs
Stock-Based and
Research & Development
Deferred
Compensation Sales & Marketing
Expenses
($Millions)
General & Administrative
Total
Worldwide Employees
Other Data
Days Sales Outstanding - Trade Receivables
Diluted Shares Outstanding
Adobe provides this information as of the modification date above and makes no commitment to update the information subsequently.
For a full explanation of this data, you are encouraged to review Adobe's Form 10-K and 10-Q SEC filings.
Adobe Systems Investor Relations Data Sheet
Income Statement - Reconciliation of Non-GAAP to GAAP
Last Updated: March 17, 2015
Q1`13
1,007.9
156.7
851.2
Q2`13
1,010.5
135.3
875.2
Q3`13
995.1
147.1
848.0
Q4`13
1,041.7
147.5
894.2
FY2013
4,055.2
586.6
3,468.6
Q1`14
1,000.1
148.5
851.6
Q2`14
1,068.2
154.9
913.3
Q3`14
1,005.4
157.7
847.7
Q4`14
1,073.3
160.9
912.4
FY2014
4,147.0
622.0
3,525.0
Q1`15
1,109.2
166.8
942.4
753.0
763.9
737.6
791.3
3,045.8
772.9
778.1
773.5
787.9
3,112.4
769.4
98.2
111.3
110.4
102.9
422.8
78.7
135.2
74.2
124.5
412.6
173.0
(14.7)
(20.2)
(17.1)
(14.6)
(66.6)
(13.9)
(14.0)
(11.2)
(12.2)
(51.3)
Income before income taxes
Provision for income taxes
83.5
18.4
91.1
14.6
93.3
10.3
88.3
23.0
356.2
66.3
64.8
17.8
121.2
32.7
63.0
18.3
112.3
24.1
361.3
92.9
163.2
78.4
Net income
65.1
76.5
83.0
65.3
289.9
47.0
88.5
44.7
88.2
268.4
84.8
Description
Revenue
Cost of revenue
Gross profit
Operating expenses
GAAP
($Millions, except EPS)
Operating income
Non-operating income (expense)
Diluted earnings per share
$
Cost of revenue
Stock-based and deferred compensation
Amortization of purchased intangibles and
technology license arrangements
Total adjustments to cost
of revenue
Adjustments to
Reconcile to
Non-GAAP
($Millions)
Operating expenses
Stock-based and deferred compensation
Restructuring and other related charges
Amortization of purchased intangibles and
technology license arrangements
Loss contingency
Total adjustments to
operating expenses
($Millions, except EPS)
0.15
$
0.16
$
0.13
$
0.56
$
0.09
$
0.17
$
0.09
$
0.17
$
0.53
$
0.17
(5.0)
(4.8)
(5.1)
(2.6)
(17.5)
(4.1)
(4.6)
(4.6)
(5.0)
(18.3)
(5.0)
(44.9)
(18.6)
(19.3)
(18.8)
(101.6)
(18.5)
(18.5)
(18.7)
(18.9)
(74.6)
(19.5)
(49.9)
(23.4)
(24.4)
(21.4)
(119.1)
(22.6)
(23.1)
(23.3)
(23.9)
(92.9)
(24.5)
(80.1)
-
(74.8)
(25.0)
(76.0)
0.8
(83.9)
(2.3)
(314.8)
(26.5)
(79.5)
(0.7)
(79.0)
0.4
(79.0)
(0.2)
(80.0)
(19.4)
(317.5)
(19.9)
(81.6)
(1.8)
(12.5)
-
(12.8)
-
(13.1)
-
(14.0)
-
(52.4)
-
(13.6)
(10.0)
(13.4)
-
(13.1)
-
(12.4)
-
(52.5)
(10.0)
(14.3)
-
(92.6)
(112.6)
(88.3)
(100.2)
(393.7)
(103.8)
(92.0)
(92.3)
(111.8)
(399.9)
(97.7)
(0.8)
4.2
2.1
(1.5)
4.0
0.4
(0.6)
(0.7)
(0.3)
(1.2)
(1.4)
Taxes
28.8
33.9
33.3
20.8
116.8
22.4
16.8
19.1
27.9
86.2
(18.7)
1,007.9
106.7
901.2
1,010.5
111.9
898.6
995.1
122.7
872.4
1,041.7
126.1
915.6
4,055.2
467.4
3,587.8
1,000.1
125.9
874.2
1,068.2
131.8
936.4
1,005.4
134.4
871.0
1,073.3
137.0
936.3
4,147.0
529.1
3,617.9
1,109.2
142.2
967.0
Operating expenses
660.5
651.3
649.4
691.2
2,652.4
669.2
686.1
681.2
676.1
2,712.6
671.8
Operating income
240.7
247.3
223.0
224.4
935.4
205.0
250.3
189.8
260.2
905.3
295.2
Non-operating income (expense)
(15.6)
(15.9)
(15.0)
(16.0)
(62.5)
(13.4)
(14.5)
(11.9)
(12.6)
(52.4)
(11.2)
Income before income taxes
Provision for income taxes
225.1
47.2
231.4
48.5
208.0
43.6
208.4
43.8
872.9
183.1
191.6
40.2
235.8
49.5
177.9
37.4
247.6
52.0
852.9
179.1
284.0
59.6
Net income
177.9
182.9
164.4
164.6
689.8
151.4
186.3
140.6
195.6
673.9
224.4
Diluted earnings per share
Shares
$
Non-operating income (expense)
Revenue
Cost of revenue
Gross profit
Non-GAAP
0.13
(9.8)
$
Diluted shares outstanding
GAAP diluted earnings per share
Stock-based and deferred compensation
Restructuring and other charges
Reconciliation of Amortization of purchased intangibles and
Diluted Earnings Per technology license arrangements
Non-operating income (expense)
Share ($)
Loss contingency
Income tax adjustments
Non-GAAP diluted earnings per share
GAAP operating margin
Stock-based and deferred compensation
Reconciliation of Restructuring and other charges
GAAP to Non-GAAP Amortization of purchased intangibles and
technology license arrangements
Operating Margin
Loss contingency
Non-GAAP operating margin
$
0.35
$
0.36
$
0.32
$
0.32
$
1.34
$
0.30
$
0.37
$
0.28
$
0.39
$
1.33
$
0.44
507.8
512.4
514.1
511.1
513.5
508.3
506.7
507.8
507.5
508.5
507.5
0.13
0.17
-
0.15
0.16
0.05
0.16
0.16
-
0.13
0.17
-
0.56
0.65
0.05
0.09
0.16
-
0.17
0.16
-
0.09
0.16
-
0.17
0.17
0.04
0.53
0.65
0.04
0.17
0.17
-
0.11
(0.06)
0.35 $
0.06
0.01
(0.07)
0.36 $
0.06
(0.06)
0.32 $
0.06
(0.04)
0.32 $
0.30
0.01
(0.23)
1.34 $
0.06
0.02
(0.03)
0.30 $
0.06
(0.02)
0.37 $
9.7%
8.4%
-
11.0%
7.9%
2.5%
11.1%
8.2%
-0.1%
9.9%
8.3%
0.2%
10.4%
8.2%
0.7%
7.9%
8.4%
0.1%
12.7%
7.8%
-
5.8%
23.9%
3.1%
24.5%
3.2%
22.4%
3.1%
21.5%
3.8%
23.1%
3.1%
1.0%
20.5%
2.9%
23.4%
0.06
(0.03)
0.28 $
0.06
(0.05)
0.39 $
0.24
0.02
(0.15)
1.33 $
0.07
0.03
0.44
7.4%
8.3%
-
11.6%
7.9%
1.8%
10.0%
8.1%
0.5%
15.6%
7.8%
0.2%
3.2%
18.9%
2.9%
24.2%
3.0%
0.2%
21.8%
3.0%
26.6%
The above results are supplied to provide meaningful supplemental information regarding Adobe’s core operating results because such information excludes amounts that are not necessarily
related to its core operating results. Adobe uses this non-GAAP financial information in assessing the performance of the Company’s ongoing operations, and for planning and forecasting in future
periods. This non-GAAP information should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.
Note: The Q4 and Fiscal 2014 results contained in this data sheet reflect sales and marketing expenses for fiscal 2014 that are lower than what was reported in Adobe's December 11, 2014
earnings press release by $19.5 million, reflecting an update to Adobe's sales commission expense based on information received following the date of the press release.
FY2015 Business Segment Classifications
Last Updated: March 17, 2015
Products
Creative
Creative Cloud
Creative Products
Creative Services
Creative Cloud for individuals
After Effects
Behance
Creative Cloud for students and teachers
Audition
Behance ProSite
Creative Cloud for teams
Bridge
Creative Talent Search
Creative Cloud for enterprises
Dreamweaver
Digital Publishing Suite
Creative Cloud for education
Edge
Fotolia
Creative Cloud Photography plan
Edge (Animate, Code, Inspect, Reflow)
Typekit
Fireworks
Developer Tools and Services
Digital
Media
Flash Professional
Mobile Apps
AIR
Illustrator
Behance
Aviary
InCopy
Brush
Creative SDK
InDesign
Color
Flash Player
Ink & Slide
Creative Portfolio
Flex
Muse
Illustrator Draw
FlashBuilder
Photoshop
Illustrator Line
Gaming SDK
Photoshop Lightroom
Lightroom Mobile
PhoneGap
Prelude
Photoshop Express
PhoneGap Build
Premiere Pro
Photoshop Mix
Soundbooth
Photoshop Touch
Speedgrade
Photoshop Sketch
Story
Prelude Live Logger
Creative Suites
Creative Suite Design Standard
Creative Suite Design and Web Premium
Premiere Clip
Consumer Products
Revel
Creative Suite Production Premium
Photoshop Elements
Shape
Creative Suite Master Collection
Premiere Elements
Voice
Acrobat Pro
Acrobat.com
EchoSign
Acrobat Standard
Send
FormsCentral
Adobe Reader
ExportPDF
PDF Pack
Document Services
Adobe Marketing Cloud
Adobe Analytics
Adobe Experience Manager
Standard
Sites
PayTV Pass
Premium
Assets
TV SDKs (Player, DRM, Packaging)
Video
Communities
Ad Insertion, Ad Decisioning
Mobile Apps
Forms
Digital
Marketing
Apps
Adobe Target
Targeting & Personalization
Adobe Campaign
Campaign
Adobe Media Optimizer
Search & Merchandising
AudienceManager
Mobile App Targeting & Optimization
Media Optimizer
LiveCycle
Print &
Publishing
Adobe Primetime
Adobe Social
Social
Web Conferencing
LiveCycle
Connect
Authorware
eLearning Suite
PostScript
Captivate
Font Folio
Robohelp
ColdFusion
FrameMaker
Shockwave Player
Contribute
JRun
Technical Communication Suite
Director
PageMaker
Type
Adobe provides this information as of the modification date above and makes no commitment to update the information subsequently.
For a full explanation of this data, you are encouraged to review Adobe's Form 10-K and 10-Q SEC filings.