Intuit Inc. (INTU) financial statements (2021 and earlier)

Company profile

Business Address 2700 COAST AVENUE
MOUNTAIN VIEW, CA 94043
State of Incorp. DE
Fiscal Year End July 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2021
TTM
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7387,0502,7401,7167771,0801,697
Cash and cash equivalents1,9526,4422,1161,464529638808
Short-term investments786608624252248442889
Receivables618201152137166128175
Funds held for clients426455436367372304337
Disposal group, including discontinued operation      26
Other undisclosed current assets312274266184100102325
Total current assets:4,0947,9803,5942,4041,4151,6142,560
Noncurrent Assets
Operating lease, right-of-use asset392226 
Property, plant and equipment7927347808121,0301,031682
Long-term investments and receivables 191313312827
Long-term investments 191313312827
Intangible assets, net (including goodwill)8,9821,6821,7091,6721,3171,3261,353
Goodwill5,5981,6541,6551,6111,2951,2821,266
Intangible assets, net (excluding goodwill)3,384285461224487
Disposal group, including discontinued operation, noncurrent assets      235
Deferred income tax assets665 
Other noncurrent assets291225187190143112111
Deferred tax assets, net  139 
Other undisclosed noncurrent assets41  87132  
Total noncurrent assets:10,5042,9512,6892,7742,6532,6362,408
TOTAL ASSETS:14,59810,9316,2835,1784,0684,2504,968
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities812787659547457473483
Accounts payable486305274178157184190
Employee-related liabilities326482385369300289283
Interest and dividends payable      10
Deferred revenue752652619
Debt3251,338505050512 
Deferred compensation liability      63
Disposal group, including discontinued operation      93
Deferred revenue and credits887801699
Customer advances and deposits372304337
Other liabilities362297202191178161150
Other undisclosed current liabilities4264554361,328  (81)
Total current liabilities:2,6773,5291,9662,1161,9442,2511,744
Noncurrent Liabilities
Long-term debt and lease obligation3912,252    500
Long-term debt, excluding current maturities 2,031    500
Operating lease, liability391221 
Liabilities, other than long-term debt66244275184385404437
Deferred revenue and credits202204152
Accounts payable and accrued liabilities26 8961535445
Deferred revenue7 4
Deferred income tax liabilities580237
Disposal group, including discontinued operation, liabilities      68
Other liabilities4942145123130146172
Other undisclosed noncurrent liabilities2,000 293524385434(45)
Total noncurrent liabilities:3,0532,296568708770838892
Total liabilities:5,7305,8252,5342,8242,7143,0892,636
Stockholders' equity
Stockholders' equity attributable to parent8,8685,1063,7492,3541,3541,1612,332
Common stock 333333
Treasury stock, value(12,104)(11,929)(11,611)(11,050)(10,778)(9,939)(7,675)
Additional paid in capital 6,1795,7725,3354,8544,4424,007
Accumulated other comprehensive loss(23)(32)(36)(35)(22)(32)(30)
Retained earnings10,78310,8859,6218,1017,2976,6876,027
Other undisclosed stockholders' equity attributable to parent10,212      
Total stockholders' equity:8,8685,1063,7492,3541,3541,1612,332
TOTAL LIABILITIES AND EQUITY:14,59810,9316,2835,1784,0684,2504,968

Income statement (P&L) ($ in millions)

1/31/2021
TTM
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
Revenues7,7177,6796,7845,9645,1774,6944,192
Revenue, net5,1774,6944,192
Cost of revenue(1,347)(1,364)(1,167)(898)(809)(752)(695)
Cost of goods and services sold(31)(22)(20)(15)(797)(730)(695)
Gross profit:6,3706,3155,6175,0664,3683,9423,497
Operating expenses(4,290)(4,139)(3,763)(3,569)(2,973)(2,700)(2,878)
Other undisclosed operating income      119
Operating income:2,0802,1761,8541,4971,3951,242738
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
703642263(4)1
Interest and debt expense(24)(14)(15)(20)(31)(35)(27)
Income from continuing operations before income taxes:2,1262,1981,8811,5031,3671,203712
Income tax expense(379)(372)(324)(292)(396)(397)(299)
Income from continuing operations:1,7471,8261,5571,211971806413
Income (loss) from discontinued operations     173(48)
Net income available to common stockholders, diluted:1,7471,8261,5571,211971979365

Comprehensive Income ($ in millions)

1/31/2021
TTM
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
Net income:1,7471,8261,5571,211971979365
Other comprehensive income (loss) 4 (13)10(2)(28)
Other undisclosed comprehensive income4      
Comprehensive income:1,7511,8301,5571,198981977337
Other undisclosed comprehensive income, net of tax, attributable to parent8      
Comprehensive income, net of tax, attributable to parent:1,7591,8301,5571,198981977337

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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