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GuruFocus has detected 4 Warning Signs with Adobe Systems Inc $ADBE.
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Adobe Systems Inc (NAS:ADBE)
Pre-Tax Income
$1,766 Mil (TTM As of May. 2017)

Pretax income is the income that a company earns before paying income taxes. Adobe Systems Inc's pretax income for the three months ended in May. 2017 was $493 Mil. Its pretax income for the trailing twelve months (TTM) ended in May. 2017 was $1,766 Mil. Adobe Systems Inc's pretax margin was 27.80%.

During the past 13 years, Adobe Systems Inc's highest Pretax Margin was 30.13%. The lowest was 8.71%. And the median was 24.53%.


Definition

This is the income that a company earns before paying income taxes.

Adobe Systems Inc's Pretax Income for the fiscal year that ended in Nov. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=1493.602+-35.362+-70.442+47.34+0
=1,435

Adobe Systems Inc's Pretax Income for the quarter that ended in May. 2017 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=504.082+1.729+-18.347+0+5.154
=493

Adobe Systems Inc Pre-Tax Income for the trailing twelve months (TTM) ended in May. 2017 was 356.301 (Aug. 2016 ) + 456.7 (Nov. 2016 ) + 460.632 (Feb. 2017 ) + 492.618 (May. 2017 ) = $1,766 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Adobe Systems Inc's Pretax Margin for the quarter that ended in May. 2017 is calculated as

Pretax Margin=Pretax Income/Revenue
=492.618/1772.19
=27.80%

During the past 13 years, Adobe Systems Inc's highest Pretax Margin was 30.13%. The lowest was 8.71%. And the median was 24.53%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Adobe Systems Inc Annual Data

Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15Nov16
Pretax Income 9471,0797029431,0351,1193563618741,435

Adobe Systems Inc Quarterly Data

Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17May17
Pretax Income 163181233297292330356457461493
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