8-KEarnings & ResultsExhibits & Filings

ADOBE INC. 8-K Report, Financial Results (Jun 18, 2019)

Filed June 18, 2019For Securities:ADBE

Summary

Adobe Inc. (ADBE) filed an 8-K on June 18, 2019, to announce its second fiscal quarter results for the period ended May 31, 2019. The filing primarily references a press release titled "Adobe Reports Record Q2 Revenue," which is furnished as an exhibit. Investors should note that the press release includes non-GAAP financial measures, which Adobe uses internally for budgeting and operational decision-making. These non-GAAP measures exclude items such as stock-based compensation, amortization of purchased intangibles, investment gains/losses, and certain tax adjustments, aiming to provide a clearer view of operational performance and comparability. While the 8-K itself does not detail the specific financial figures, it directs investors to the attached press release for the company's performance. The company believes these non-GAAP metrics offer meaningful supplemental information to assess core profitability, operational performance, and future prospects, allowing for better comparisons with historical results and peer companies. Investors are advised to review these non-GAAP measures in conjunction with the corresponding GAAP figures to gain a comprehensive understanding of Adobe's financial health.

Key Highlights

  • 1Adobe Inc. announced its Q2 fiscal year 2019 financial results via an 8-K filing on June 18, 2019.
  • 2The primary content of the 8-K is a furnished press release detailing the company's performance.
  • 3The press release title indicates record Q2 revenue, suggesting strong top-line growth.
  • 4Adobe utilizes non-GAAP financial measures for reporting, excluding specific expenses and gains/losses.
  • 5Key exclusions in non-GAAP reporting include stock-based compensation, amortization of intangibles, and investment gains/losses.
  • 6The company believes non-GAAP measures provide enhanced transparency into operational performance and comparability.
  • 7Investors are encouraged to review non-GAAP results alongside GAAP figures for a complete financial picture.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce Adobe Inc.'s financial results for its second fiscal quarter ended May 31, 2019, and to furnish the accompanying press release as an exhibit.

No, the 8-K filing itself does not contain the detailed financial results. It references and attaches a press release (Exhibit 99.1) which includes the company's financial performance and non-GAAP measures for the quarter.

Non-GAAP financial measures are financial metrics that exclude certain items from GAAP (Generally Accepted Accounting Principles) financial results. Adobe uses them to provide supplemental information regarding its operational performance and to offer a better understanding of how management makes budgeting and investment decisions. They aim to exclude items that may not be reflective of ongoing operational results, such as stock-based compensation and amortization of purchased intangibles, allowing for better comparability over time and with peers.

Adobe's non-GAAP measures typically exclude stock-based and deferred compensation expenses, amortization of purchased intangibles and technology license arrangements, investment gains and losses, and certain income tax adjustments. The company provides a detailed explanation of why each of these items is excluded in the filing.