Intuit Inc. (INTU) financial statements (2022 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)

1/31/2022
TTM
7/31/2021
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4143,8707,0502,7401,7167771,080
Cash and cash equivalents1,2572,5626,4422,1161,464529638
Short-term investments1571,308608624252248442
Receivables1,130653201152137166128
Funds held for clients375457455436367372304
Other undisclosed current assets571177274266184100102
Total current assets:3,4905,1577,9803,5942,4041,4151,614
Noncurrent Assets
Operating lease, right-of-use asset439380226 
Property, plant and equipment8317807347808121,0301,031
Long-term investments and receivables  1913133128
Long-term investments  1913133128
Intangible assets, net (including goodwill)21,1208,8651,6821,7091,6721,3171,326
Goodwill13,7325,6131,6541,6551,6111,2951,282
Intangible assets, net (excluding goodwill)7,3883,2522854612244
Deferred income tax assets8865 
Other noncurrent assets325283225187190143112
Deferred tax assets, net  139
Other undisclosed noncurrent assets9043  87132 
Total noncurrent assets:22,81310,3592,9512,6892,7742,6532,636
TOTAL ASSETS:26,30315,51610,9316,2835,1784,0684,250
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2961,153787659547457473
Accounts payable883623305274178157184
Employee-related liabilities413530482385369300289
Deferred revenue822684652619
Debt  1,338505050512
Deferred revenue and credits887801
Customer advances and deposits372304
Other liabilities475361297202191178161
Other undisclosed current liabilities3754574554361,328  
Total current liabilities:2,9682,6553,5291,9662,1161,9442,251
Noncurrent Liabilities
Long-term debt and lease obligation4292,4142,252    
Long-term debt, excluding current maturities 2,0342,031    
Operating lease, liability429380221 
Liabilities, other than long-term debt60957844275184385404
Deferred revenue and credits202204
Accounts payable and accrued liabilities25  89615354
Deferred revenue5  4
Deferred income tax liabilities506525237
Other liabilities735342145123130146
Other undisclosed noncurrent liabilities6,702  293524385434
Total noncurrent liabilities:7,7402,9922,296568708770838
Total liabilities:10,7085,6475,8252,5342,8242,7143,089
Stockholders' equity
Stockholders' equity attributable to parent15,5959,8695,1063,7492,3541,3541,161
Common stock 333333
Treasury stock, value(13,808)(12,951)(11,929)(11,611)(11,050)(10,778)(9,939)
Additional paid in capital 10,5456,1795,7725,3354,8544,442
Accumulated other comprehensive loss(34)(24)(32)(36)(35)(22)(32)
Retained earnings12,23512,29610,8859,6218,1017,2976,687
Other undisclosed stockholders' equity attributable to parent17,202      
Total stockholders' equity:15,5959,8695,1063,7492,3541,3541,161
TOTAL LIABILITIES AND EQUITY:26,30315,51610,9316,2835,1784,0684,250

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

1/31/2022
TTM
7/31/2021
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
Revenues11,4149,6337,6796,7845,9645,1774,694
Revenue, net5,1774,694
Cost of revenue(2,042)(1,683)(1,364)(1,167)(898)(809)(752)
Cost of goods and services sold(86)(50)(22)(20)(15)(797)(730)
Gross profit:9,3727,9506,3155,6175,0664,3683,942
Operating expenses(6,805)(5,450)(4,139)(3,763)(3,569)(2,973)(2,700)
Operating income:2,5672,5002,1761,8541,4971,3951,242
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
67853642263(4)
Interest and debt expense(42)(29)(14)(15)(20)(31)(35)
Income from continuing operations before income taxes:2,5922,5562,1981,8811,5031,3671,203
Income tax expense(420)(494)(372)(324)(292)(396)(397)
Income from continuing operations:2,1722,0621,8261,5571,211971806
Income from discontinued operations      173
Net income available to common stockholders, diluted:2,1722,0621,8261,5571,211971979

Comprehensive Income ($ in millions)

1/31/2022
TTM
7/31/2021
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
Net income:2,1722,0621,8261,5571,211971979
Other comprehensive income (loss) 84 (13)10(2)
Other undisclosed comprehensive income8      
Comprehensive income:2,1802,0701,8301,5571,198981977
Other undisclosed comprehensive loss, net of tax, attributable to parent(19)      
Comprehensive income, net of tax, attributable to parent:2,1612,0701,8301,5571,198981977

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: