What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to announce and provide the press release detailing Adobe Inc.'s financial results for its third fiscal quarter ended September 1, 2017. It allows the company to publicly disseminate this information.

Why does Adobe provide non-GAAP financial measures?

Adobe provides non-GAAP financial measures to offer investors a supplemental view of its operational performance and core profitability. These measures exclude items such as stock-based compensation, restructuring charges, and amortization of purchased intangibles, which the company believes are not indicative of ongoing business operations.

Are the financial results in the press release considered 'filed' with the SEC?

No, the information in the attached press release is being 'furnished' and not 'filed' for the purposes of the Securities Exchange Act of 1934. This means it does not automatically become part of Adobe's SEC filings that carry specific legal responsibilities.

What types of expenses are excluded from Adobe's non-GAAP calculations?

Adobe excludes several types of expenses from its non-GAAP calculations, including stock-based and deferred compensation expenses, restructuring and other charges, amortization of purchased intangibles and technology license arrangements, investment gains and losses, and certain income tax adjustments.

ADBE 8-K: Earnings & Results

Summary

Adobe Inc. (ADBE) filed an 8-K on September 19, 2017, to announce its third-quarter fiscal year 2017 financial results. The report primarily focuses on providing a press release that details record revenue for the quarter, alongside other key financial metrics. Investors should note that Adobe utilizes non-GAAP financial measures, which exclude certain items like stock-based compensation, restructuring charges, and amortization of intangibles, to offer a view of operational performance. The company believes these non-GAAP metrics provide meaningful supplemental information for understanding its core profitability and for comparing results across periods and with peers. The press release highlights strong performance driven by Adobe's Creative Cloud and Experience Cloud businesses. The company's strategic shift towards a subscription-based model continues to demonstrate success, leading to consistent revenue growth and increased deferred revenue. Investors looking for a deeper understanding of the company's underlying operational trends will find the non-GAAP disclosures particularly relevant, as they aim to present a clearer picture of the business's ongoing performance by removing non-cash and irregular items.

Key Highlights

1Adobe reported record revenue for its third fiscal quarter ended September 1, 2017.
2The company furnished a press release as an exhibit, detailing its financial results for the quarter.
3Adobe utilizes and presents non-GAAP financial measures, excluding items such as stock-based compensation, restructuring charges, and amortization of purchased intangibles.
4These non-GAAP measures are presented to provide supplemental insights into operational performance and core profitability.
5The press release is stated to be furnished and not filed, meaning it does not carry the same legal implications as a filed document.
6Adobe's non-GAAP tax rate is stated to be a long-term rate of 21% for both fiscal 2016 and 2017.
7The company believes non-GAAP measures enhance transparency and facilitate comparisons with peers and historical results.

ADOBE INC. 8-K Report, Financial Results (Sep 19, 2017)

Summary

Key Highlights

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