Information Technology
Cash generation and the earnings bridge: ADBE
Operating cash flow exceeds net income in the reported year.
Operating cash flow exceeds net income in the reported year. Non-cash charges and working-capital timing help reconcile the two measures. The cash-flow statement also separates property purchases from acquisitions and investment-security purchases; combining those categories would overstate a simple capital-expenditure measure. Source context Adobe sells creative, document and digital-experience software. Its fiscal 2025 annual report distinguishes recognized revenue from annualized recurring revenue. The financial period ended November 28, 2025. How to use the observation Read the source captions and dates next to the selected financial metrics. Preserve the distinction between a reported figure, a company-adjusted measure and a new calculation. A relationship between totals identifies a question for further research; it does not by itself establish causation or predict the stock price. Scope This is editorial interpretation of the linked historical disclosure. It does not represent company guidance, personalized advice or a current trading signal.