Adobe anticipates paying for the acquisition in half stock and half cash. As of Sept. 2, Adobe had about $3.9 billion of cash, so it will also need to take out a loan. If Adobe uses about $2 billion in cash, it will need to take out an $8 billion loan, raising its long-term debt to $11.6 billion. However, over the last year, Adobe generated over $7 billion in free cash flow, so it could easily knock out this debt in two years.