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Beast8484

 

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The company I chose is Adobe. Adobe is a multinational software company. According to the footnote disclosures it states "We may use foreign exchange option contracts or forward contracts to hedge certain cash flow exposures resulting from changes in these foreign currency exchange rates. These foreign exchange contracts, carried at fair value, have maturities of up to twelve months. We enter into these foreign exchange contracts to hedge a portion of our forecasted foreign currency denominated revenue in the normal course of business and accordingly, they are not speculative in nature" (SEC, 2016). Adobe uses the current method as Adobe uses U.S. dollars when dealing outside the United States unless otherwise stated in the footnote disclosures.



Reference: https://www.sec.gov/Archives/edgar/data/796343/000079634316000395/adbe10qq316.htm

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