Adobe (ADBE) Retained Earnings

: $33,809 Mil (As of Feb. 2024)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Adobe's retained earnings for the quarter that ended in Feb. 2024 was $33,809 Mil.

Adobe's quarterly retained earnings increased from Aug. 2023 ($32,012 Mil) to Nov. 2023 ($33,346 Mil) and increased from Nov. 2023 ($33,346 Mil) to Feb. 2024 ($33,809 Mil).

Adobe's annual retained earnings increased from Nov. 2021 ($23,905 Mil) to Nov. 2022 ($28,319 Mil) and increased from Nov. 2022 ($28,319 Mil) to Nov. 2023 ($33,346 Mil).

Adobe Retained Earnings Historical Data

The historical data trend for Adobe's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Adobe Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Retained Earnings

14,829.00

19,611.00

23,905.00

28,319.00

33,346.00

Adobe Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Retained Earnings																29,435.00	30,609.00	32,012.00	33,346.00	33,809.00

Adobe Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Adobe (NAS:ADBE) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Adobe (ADBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Adobe Inc (NAS:ADBE) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

ADBE:Peru ADBE:Mexico 1ADBE:Italy ADBd:UK ADB0:Germany ADB:Germany ADB:Germany ADB:Germany ADB:Germany ADBE:Canada ADBE34:Brazil ADBE:Austria ADBE:Argentina

Address

345 Park Avenue, San Jose, CA, USA, 95110-2704

Website

https://www.adobe.com

Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).

Executives

Mark S. Garfield	officer: VP, CAO & Corp. Controller	345 PARK AVENUE, SAN JOSE CA 95110-2704
Amy Banse	director	345 PARK AVENUE, SAN JOSE CA 95110
David Wadhwani	officer: SVP & GM, Digital Media	ADOBE INC., 345 PARK AVE, SAN JOSE CA 95110
Shantanu Narayen	director, officer: President and CEO	345 PARK AVENUE, SAN JOSE CA 95110
Daniel Durn	officer: EVP and CFO	C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Scott Belsky	officer: EVP, Chief Product Officer	345 PARK AVENUE, SAN JOSE CA 95110
Cristiano R Amon	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
John E Warnock	director, other: Co-Chairman of the Board	C/O ADOBE SYSTEMS INC, 345 PARK AVENUE P O BOX 2704, SAN JOSE CA 95110-2704
Dana Rao	officer: EVP, Gen. Counsel & Secretary	345 PARK AVE, SAN JOSE CA 95110
Ann Lewnes	officer: SVP, Chief Marketing Officer	345 PARK AVENUE, SAN JOSE CA 95110
David A Ricks	director	LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
M. Brett Biggs	director	702 SW 8TH STREET, BENTONVILLE AR 72716
Laura Desmond	director	345 PARK AVENUE, SAN JOSE CA 95110
Spencer Adam Neumann	director	SIERRA INCOME CORPORATION, 375 PARK AVE., SUITE 3304, NEW YORK NY 10152
Gloria Chen	officer: EVP, Strategy & Growth	345 PARK AVENUE, SAN JOSE CA 95110