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)

1/31/2020
TTM
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
7/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2662,7401,7167771,0801,6971,914
Cash and cash equivalents1,6412,1161,464529638808849
Short-term investments6256242522484428891,065
Receivables655152137166128175169
Funds held for clients461436367372304337289
Disposal group, including discontinued operation     26 
Other undisclosed current assets308266184100102325249
Total current assets:3,6903,5942,4041,4151,6142,5602,621
Noncurrent Assets
Operating lease, right-of-use asset297 
Nontrade receivables52      
Property, plant and equipment7587808121,0301,031682606
Long-term investments and receivables26131331282731
Long-term investments26131331282731
Intangible assets, net (including goodwill)1,6961,7091,6721,3171,3261,3531,834
Goodwill1,6551,6551,6111,2951,2821,2661,635
Intangible assets, net (excluding goodwill)415461224487199
Disposal group, including discontinued operation, noncurrent assets     235 
Other noncurrent assets 187190143112111109
Deferred tax assets, net  139  
Other undisclosed noncurrent assets182 87132   
Total noncurrent assets:3,0112,6892,7742,6532,6362,4082,580
TOTAL ASSETS:6,7016,2835,1784,0684,2504,9685,201
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities716659547457473483449
Accounts payable455274178157184190161
Employee-related liabilities261385369300289283278
Interest and dividends payable     1010
Deferred revenue671619
Debt38505050512  
Deferred compensation liability     6363
Disposal group, including discontinued operation     93 
Deferred revenue and credits887801699533
Customer advances and deposits372304337289
Other liabilities318202191178161150167
Other undisclosed current liabilities4614361,328  (81)(80)
Total current liabilities:2,2041,9662,1161,9442,2511,7441,421
Noncurrent Liabilities
Long-term debt and lease obligation286    500499
Long-term debt, excluding current maturities     500499
Operating lease, liability286 
Liabilities, other than long-term debt155275184385404437245
Deferred revenue and credits20220415210
Accounts payable and accrued liabilities40896153544532
Deferred revenue44
Deferred income tax liabilities5537
Disposal group, including discontinued operation, liabilities     68 
Other liabilities56145123130146172203
Other undisclosed noncurrent liabilities329293524385434(45)(42)
Total noncurrent liabilities:770568708770838892702
Total liabilities:2,9742,5342,8242,7143,0892,6362,123
Stockholders' equity
Stockholders' equity attributable to parent3,7273,7492,3541,3541,1612,3323,078
Common stock 333333
Treasury stock, value(11,889)(11,611)(11,050)(10,778)(9,939)(7,675)(6,430)
Additional paid in capital 5,7725,3354,8544,4424,0073,558
Accumulated other comprehensive loss(35)(36)(35)(22)(32)(30)(2)
Retained earnings9,6379,6218,1017,2976,6876,0275,949
Other undisclosed stockholders' equity attributable to parent6,014      
Total stockholders' equity:3,7273,7492,3541,3541,1612,3323,078
TOTAL LIABILITIES AND EQUITY:6,7016,2835,1784,0684,2504,9685,201

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

1/31/2020
TTM
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
7/31/2014
Revenues7,1276,7845,9645,1774,6944,1924,506
Revenue, net5,1774,6944,1924,506
Cost of revenue(1,265)(1,167)(898)(809)(752)(695)(668)
Cost of goods and services sold(22)(20)(15)(797)(730)(695)(642)
Gross profit:5,8625,6175,0664,3683,9423,4973,838
Operating expenses(3,951)(3,763)(3,569)(2,973)(2,700)(2,878)(2,524)
Other undisclosed operating income     119 
Operating income:1,9111,8541,4971,3951,2427381,314
Nonoperating income (expense)6542263(4)152
Investment income, nonoperating      21
Other nonoperating income (expense)6542263(4)131
Interest and debt expense(12)(15)(20)(31)(35)(27)(31)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (21)
Income from continuing operations before income taxes:1,9641,8811,5031,3671,2037121,314
Income tax expense(333)(324)(292)(396)(397)(299)(453)
Income from continuing operations:1,6311,5571,211971806413861
Income (loss) from discontinued operations    173(48)46
Net income available to common stockholders, diluted:1,6311,5571,211971979365907

Comprehensive Income ($ in millions)

1/31/2020
TTM
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
7/31/2014
Net income:1,6311,5571,211971979365907
Other comprehensive income (loss)(2) (13)10(2)(28)(22)
Other undisclosed comprehensive income2      
Comprehensive income:1,6311,5571,198981977337885
Other undisclosed comprehensive income, net of tax, attributable to parent1      
Comprehensive income, net of tax, attributable to parent:1,6321,5571,198981977337885

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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