奥多比 2024年度报告

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesAct. YesNo Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was requiredto file such reports), and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large acceleratedfilerAccelerated filerNon-acceleratedfilerSmaller reportingcompanyEmerging growthcompany If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) ofthe Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessmentof the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financialstatements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis ofincentive-based compensation received by any of the registrant’s executive officers during the relevant recovery periodpursuant to §240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YesNo The aggregate market value of the registrant’s common stock, $0.0001 par value per share, held by non-affiliates ofthe registrant on May 31, 2024, the last business day of the registrant’s most recently completed second fiscal quarter, was$164.65 billion (based on the closing sales price of the registrant’s common stock on that date). Shares of the registrant’scommon stock held by each officer and director and each person who owns 5% or more of the outstanding common stock ofthe registrant have been excluded in that such persons may be deemed to be affiliates. This determination of affiliate statusis not necessarily a conclusive determination for other purposes. As of January 3, 2025, 435.3 million shares of theregistrant’s common stock, $0.0001 par value per share, were issued and outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement for the registrant’s 2025 Annual Meeting of Stockholders (the “Proxy Statement”), tobe filed within 120 days of the end of the fiscal year ended November 29, 2024, are incorporated by reference in Part IIIhereof. Except with respect to information specifically incorporated by reference in this Form 10-K, the Proxy Statement isnot deemed to be filed as part hereof. ADOBE INC.FORM 10-K TABLE OF CONTENTS Item 10.Directors, Executive Officers and Corporate Governance94Item 11.Executive Compensation94Item 12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters94Item 13.Certain Relationships and Related Transactions, and Director Independence94Item 14.Principal Accountant Fees and Services94PART IVItem 15.Exhibits, Financial Statement Schedules95Item 16.Form 10-K Summary97Signatures98Summary of Trademarks100 Table of Contents Forward-Looking Statements In addition to historical information, this Annual Report on Form 10-K contains “forward-lookingstatements” within the meaning of applicable securities laws, including statements related to our productdevelopment plans and new or enhanced offerings; our business, artificial intelligence and innovationmomentum; our strategy, market opportunity and future growth; market trends; current macroeconomicconditions; fluctuations in foreign currency exchange rates; strategic investments; industry positioning;and customer acquisition and retention. In addition, when used in this report, the words “will,” “expects,”“could,” “would,” “may,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “targets,” “estimates,” “looksfor,” “looks to,” “continues” and similar expression