A	B	C	D	E	F	G	H	I	J	K	L	M	N	O	P	Q	R	S	T	U	V	W	X	Y	Z	AA	AB
1	Main
2						11/27/2020	3/5/2021	6/4/2021	9/3/2021	12/3/2021	3/4/2022	6/3/2022	9/2/2022					11/27/2020	12/3/2021	12/3/2022	12/3/2023	12/2/2024	12/2/2025	12/2/2026	12/2/2027	12/1/2028	12/1/2029	12/1/2030
3		USD	Q120	Q220	Q320	Q420	Q121	Q221	Q321	Q421	Q122	Q222	Q322	Q422			FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	FY27	FY28	FY29	FY30
4		RPO					11610	12230	12630	13990	13830	13820	14110
5
6		Publishing					112	110			95	91					669	510	398
7		Digital Experience					934	938	981		1057	1095	1120				2795	3125	3867
8		Digital Media					2859	2787			3110	3200	3230				7707	9233	11520
9		Creative Cloud					2379	2318			2548	2605	2630				6482	7736	9546
10		Document Cloud					480	469			562	595	607				1225	1497	1974
11
12		Americas					2224	2185			2446	2524					6506	7454	8996
13		EMEA					1052	1026			1136	1157					2975	3400	4252
14		APAC					629	624			680	705					1690	2014	2537
15
16		Subscription				3115	3584	3520	3657	3812	3958	4070	4128	4193.200000000001			9634	11626	14573	16349.2
17		Product				127	155	153	119	128	145	146	126	140.8			648	507	555	557.8
18		Services				182	166	162	159	170	159	170	179	187.00000000000003			889	735	657	695
19		Revenue				3424	3905	3835	3935	4110	4262	4386	4433	4521.000000000001			11171	12868	15785	17602
20		COGS				428	447	444	467	507	512	539	546	542.52			1673	1722	1865	2139.52
21		Gross Profit				2996	3458	3391	3468	3603	3750	3847	3887	3978.480000000001			9498	11146	13920	15462.48
22		R&D				558	620	612	651	657	701	738	775	689.85			1930	2188	2540	2903.85
23		S&M				941	1049	1073	1068	1131	1158	1247	1266	1187.55			3244	3591	4321	4858.55
24		G&A				243	290	256	265	274	269	291	319	287.7			881	968	1085	1166.7
25		Operating Expenses				1742	1959	1941	1984	2062	2128	2276	2360	2165.1			6055	6747	7946	8929.1
26		Operating Income				1254	1499	1450	1484	1541	1622	1571	1527	1813.380000000001			3443	4399	5974	6533.379999999999
27		Interest Expense				-27	-30	-28	-23	-28	-28	-29	-28	-28			-157	-116	-109	-113
28		Pretax Income				1227	1469	1422	1461	1513	1594	1542	1499	1785.380000000001			3286	4283	5865	6420.379999999999
29		Taxes				0	172	270	206	235	277	314	320	357.07600000000025			254	-1084	883	1268.0760000000002
30		Net Income				1227	1297	1152	1255	1278	1317	1228	1179	1428.3040000000008			3032	5367	4982	5152.303999999999
31		EPS				2.5351239669421486	2.6853002070393375	2.395010395010395	2.6091476091476093	2.6625	2.7726315789473683	2.5961945031712474	2.513859275053305	3.045424307036249			6.162601626016261	11.065979381443299	10.352207792207793	10.927474019088015
32		Shares				484	483	481	481	480	475	473	469	469			492	485	481.25	471.5
33
34		Revenue y/y								0.2003504672897196	0.09142125480153651	0.14367666232073018	0.12655654383735704	0.10000000000000031				0.151911198639334	0.22668635374572577	0.11510928096293949
35		Revenue cc											0.15
36		RPO y/y									0.19121447028423777	0.1300081766148815	0.11718131433095813
37		Gross Margin								0.8766423357664234	0.8798686062881277	0.877108983128135	0.8768328445747801	0.88			0.8502372213767792	0.8661796705004663	0.8818498574596135	0.8784501761163503
38		Tax Rate								0.1553205551883675	0.1737766624843162	0.20363164721141375	0.2134756504336224	0.20000000000000004			0.0772976262933658	-0.25309362596310997	0.1505541346973572	0.19750793566735933
39
40		Net Cash					844	1648	2042	1675	576	1173	1637
41		Cash					4963	5768	6164	5798	4701	5299	5764
42		AR					1520	1477	1545	1878	1685	1588	1723
43		Prepaids					901	833	910	993	1090	1021	1002
44		PP&E					1530	1573	1629	1673	1703	1790	1858
45		Lease					477	458	452	443	435	430	414
46		Goodwill					13574	13500	13395	14488	14538	14451	14304
47		DT					1262	1168	1190	1085	950	882	799
48		OA					758	805	859	883	874	865	880
49		Assets					24985	25582	26144	27241	25976	26326	26744
50
51		AP					254	312	331	312	295	366	316
52		AE					1243	1538	1450	1736	1333	1615	1629
53		Debt					4119	4120	4122	4123	4125	4126	4127
54		DR					4285	4283	4385	4878	5019	4876	4943
55		Taxes					702	645	610	593	627	569	586
56		Lease					588	573	563	550	540	532	514
57		OL					248	259	269	252	262	257	253
58		PIC					7617	7877	8209	8428	8750	9102	9548
59		Retained					20521	21538	22750	23905	24961	26022	27158
60		AOCI					-141	-121	-131	-137	-177	-195	-224
61		Treasury					-14451	-15442	-16414	-17399	-19759	-20944	-22109
62		L+SE					24985	25582	26144	27241	25976	26326	26741
63
64		Model NI					1297	1152	1255	1278	1317	1228	1179				3032	5367	4982	5152.303999999999
65		Reported NI					1261	1116	1212	1233	1266	1178	1136				2951	5260	4822
66		D&A					196	194	193	205	213	212	216				757	757	788
67		SBC					260	260	280	269	322	352	378				788	909	1069
68		Lease					19	14	20	20	0	42	0				0	87	73
69		DT					117	93	-90	63	0	197	0				3	-1501	183
70		Investment					0	-7	-4	7	17	10	6				-48	-11	-4
71		Other					2	3	-2	4	153	-151	110				14	40	7
72		DR					471	-2	102	482	141	-141	67				497	258	1053
73		WC					-554	317	-307	-217	-343	341	-209				-540	-72	-761
74		CFFO					1772	1988	1404	2066	1769	2040	1704				4422	5727	7230	0
75
76		Investments					-29	-12	-38	-428	-26	-20	31				40	5	-507
77		Acquisitions					-1470	0	0	-1212	-134	8	-9				-101	0	-2682
78		PPE					-59	-95	-95	-99	-100	-126	-125				-395	-419	-348
79		CFFI					-1558	-107	-133	-1739	-260	-138	-103				-456	-414	-3537
80
81		Buyback					-863	-1000	-797	-999	-2309	-1200	-1200				-2517	-2780	-3659
82		Taxes					-391	-89	-122	-117	-266	-101	103				-440	-681	-719
83		Other					10	9	20	38	-29	51	37				11	-27	77
84		CFFF					-1244	-1080	-899	-1078	-2604	-1250	-1060				-2946	-3488	-4301
85		FX					4	-3	1	-28	-10	-26	-36				-13	3	-26
86		CIC					-1026	798	373	-779	-1105	626	505				1007	1828	-634
87
88		CFFO TTM								7230	7227	7279	7579				4422	5727	7230
89		CFFO TTM y/y																0.2951153324287652	0.2624410686223153
90		FCF TTM								6882	6838	6859	7129				4027	5308	6882
91																		0.31810280605910113	0.29653353428786744