Balance Sheet Intuit Inc.

Equities

INTU

US4612021034

Financial Technology (Fintech)

Market Closed - Nasdaq Other stock markets 16:00:00 2024-09-17 EDT			5-day change	1st Jan Change
644.82 ^USD	-0.22%		+1.77%	+3.17%

09-17	Intuit Inc. Introduces Intuit Enterprise Suite to Help Businesses Grow, Streamline Operations, and Scale	CI
09-11	Transcript : Intuit Inc. Presents at Goldman Sachs Communacopia + Technology Conference 2024, Sep-11-2024 01:45 PM

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Published financial data: INTUIT INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: July	2020	2021	2022	2023	2024
Revenues	7.68B	9.63B	12.73B	14.37B	16.28B
Total Revenues	7.68B	9.63B	12.73B	14.37B	16.28B
Cost of Goods Sold, Total	1.36B	1.63B	2.27B	2.98B	3.32B
Gross Profit	6.32B	8B	10.46B	11.39B	12.97B
Selling General & Admin Expenses, Total	2.7B	3.6B	4.92B	5.06B	5.73B
R&D Expenses	1.39B	1.68B	2.35B	2.54B	2.75B
Amortization of Goodwill and Intangible Assets - (IS)	28M	196M	556M	646M	629M
Other Operating Expenses, Total	4.12B	5.47B	7.83B	8.25B	9.11B
Operating Income	2.2B	2.53B	2.63B	3.14B	3.85B
Interest Expense, Total	-14M	-29M	-81M	-248M	-242M
Interest And Investment Income	39M	11M	15M	106M	147M
Net Interest Expenses	25M	-18M	-66M	-142M	-95M
Other Non Operating Income (Expenses)	-3M	27M	-10M	-4M	15M
EBT, Excl. Unusual Items	2.23B	2.54B	2.56B	3B	3.77B
Restructuring Charges	-	-	-	-	-223M
Merger & Related Restructuring Charges	-29M	-31M	-63M	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	47M	47M	-6M	-
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	2.2B	2.56B	2.54B	2.99B	3.55B
Income Tax Expense	372M	494M	476M	605M	587M
Earnings From Continuing Operations	1.83B	2.06B	2.07B	2.38B	2.96B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	1.83B	2.06B	2.07B	2.38B	2.96B
Net Income - (IS)	1.83B	2.06B	2.07B	2.38B	2.96B
Net Income to Common Incl Extra Items	1.83B	2.06B	2.07B	2.38B	2.96B
Net Income to Common Excl. Extra Items	1.83B	2.06B	2.07B	2.38B	2.96B
Per Share Items
Net EPS - Basic	7	7.64	7.38	8.48	10.58
Basic EPS - Continuing Operations	7	7.64	7.38	8.48	10.58
Basic Weighted Average Shares Outstanding	261M	270M	280M	281M	280M
Net EPS - Diluted	6.92	7.56	7.28	8.42	10.43
Diluted EPS - Continuing Operations	6.92	7.56	7.28	8.42	10.43
Diluted Weighted Average Shares Outstanding	264M	273M	284M	283M	284M
Normalized Basic EPS	5.33	5.88	5.71	6.66	8.42
Normalized Diluted EPS	5.27	5.82	5.63	6.61	8.3
Dividend Per Share	2.12	2.36	2.72	3.12	3.6
Payout Ratio	30.72	31.33	37.46	37.29	34.9
American Depositary Receipts Ratio (ADR)	0.02	0.02	0.02	0.02	0.02
Supplemental Items
EBITDA	2.4B	2.84B	3.24B	3.78B	4.5B
EBITA	2.21B	2.68B	3.05B	3.62B	4.34B
EBIT	2.2B	2.53B	2.63B	3.14B	3.85B
EBITDAR	2.46B	2.91B	3.34B	3.92B	4.62B
Total Revenues (As Reported)	7.68B	9.63B	12.73B	14.37B	16.28B
Effective Tax Rate - (Ratio)	16.92	19.33	18.73	20.24	16.54
Current Domestic Taxes	451M	520M	346M	1.18B	1.19B
Current Foreign Taxes	21M	17M	31M	86M	36M
Total Current Taxes	472M	537M	377M	1.26B	1.22B
Deferred Domestic Taxes	-94M	-44M	103M	-658M	-620M
Deferred Foreign Taxes	-6M	1M	-4M	-1M	-15M
Total Deferred Taxes	-100M	-43M	99M	-659M	-635M
Normalized Net Income	1.39B	1.59B	1.6B	1.87B	2.36B
Supplemental Operating Expense Items
Advertising Expense	778M	1.1B	1.6B	1.5B	1.7B
Selling and Marketing Expenses	2.05B	2.64B	3.53B	3.76B	4.31B
General and Administrative Expenses	650M	951M	1.4B	1.3B	1.42B
Research And Development Expense From Footnotes	1.41B	1.73B	2.49B	2.7B	2.9B
Net Rental Expense, Total	60M	70M	103M	132M	120M
Imputed Operating Lease Interest Expense	3.3M	5.31M	13.32M	36.81M	35.05M
Imputed Operating Lease Depreciation	56.7M	64.69M	89.68M	95.19M	84.95M
Stock-Based Comp., COGS (Total)	60M	69M	146M	374M	402M
Stock-Based Comp., R&D Exp. (Total)	151M	281M	521M	532M	639M
Stock-Based Comp., S&M Exp. (Total)	116M	183M	309M	429M	506M
Stock-Based Comp., G&A Exp. (Total)	108M	220M	332M	377M	368M
Stock-Based Comp., Other (Total)	-	-	-	-	25M
Total Stock-Based Compensation	435M	753M	1.31B	1.71B	1.94B

Fiscal Period: July	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	6.44B	2.56B	2.8B	2.85B	3.61B
Short Term Investments	608M	1.31B	485M	814M	465M
Total Cash And Short Term Investments	7.05B	3.87B	3.28B	3.66B	4.07B
Accounts Receivable, Total	149M	391M	446M	405M	457M
Other Receivables	12M	123M	93M	29M	78M
Notes Receivable	40M	139M	509M	687M	779M
Total Receivables	201M	653M	1.05B	1.12B	1.31B
Prepaid Expenses	176M	177M	287M	354M	366M
Loans Held For Sale	-	-	-	-	3M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	553M	457M	431M	420M	3.92B
Total Current Assets	7.98B	5.16B	5.05B	5.56B	9.68B
Gross Property Plant And Equipment	2.25B	2.5B	2.88B	2.91B	2.78B
Accumulated Depreciation	-1.29B	-1.34B	-1.44B	-1.47B	-1.36B
Net Property Plant And Equipment	960M	1.16B	1.44B	1.44B	1.42B
Long-term Investments	19M	43M	98M	105M	131M
Goodwill	1.65B	5.61B	13.74B	13.78B	13.84B
Other Intangibles, Total	28M	3.25B	7.06B	6.42B	5.82B
Loans Receivable Long-Term	-	-	31M	75M	133M
Deferred Tax Assets Long-Term	65M	8M	11M	64M	698M
Other Long-Term Assets, Total	225M	283M	313M	342M	408M
Total Assets	10.93B	15.52B	27.73B	27.78B	32.13B
Liabilities
Accounts Payable, Total	305M	623M	737M	638M	721M
Accrued Expenses, Total	619M	694M	780M	881M	1.26B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	1.34B	-	499M	-	499M
Current Portion of Leases	46M	66M	84M	89M	71M
Current Income Taxes Payable	-	-	8M	698M	8M
Unearned Revenue Current, Total	652M	684M	808M	921M	872M
Other Current Liabilities	569M	588M	714M	563M	4.06B
Total Current Liabilities	3.53B	2.66B	3.63B	3.79B	7.49B
Long-Term Debt	2.03B	2.03B	6.42B	6.12B	5.54B
Long-Term Leases	221M	380M	542M	480M	458M
Unearned Revenue Non Current	13M	8M	6M	5M	4M
Deferred Tax Liability Non Current	2M	525M	619M	4M	-
Other Non Current Liabilities	29M	45M	81M	112M	204M
Total Liabilities	5.82B	5.65B	11.29B	10.51B	13.7B
Common Stock, Total	3M	3M	3M	3M	3M
Additional Paid In Capital	6.18B	10.54B	17.72B	19.03B	20.25B
Retained Earnings	10.88B	12.3B	13.58B	15.07B	16.99B
Treasury Stock	-11.93B	-12.95B	-14.8B	-16.77B	-18.75B
Comprehensive Income and Other	-32M	-24M	-60M	-55M	-54M
Total Common Equity	5.11B	9.87B	16.44B	17.27B	18.44B
Total Equity	5.11B	9.87B	16.44B	17.27B	18.44B
Total Liabilities And Equity	10.93B	15.52B	27.73B	27.78B	32.13B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	262M	273M	282M	280M	280M
ECS Total Common Shares Outstanding	262M	273M	282M	280M	280M
Book Value / Share	19.51	36.12	58.32	61.58	65.78
Tangible Book Value	3.42B	1B	-4.36B	-2.93B	-1.23B
Tangible Book Value Per Share	13.08	3.67	-15.45	-10.45	-4.38
Total Debt	3.64B	2.48B	7.54B	6.69B	6.57B
Net Debt	-3.41B	-1.39B	4.26B	3.03B	2.49B
Debt Equivalent Oper. Leases	480M	560M	824M	1.06B	960M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	79M	79M	79M	79M	96M
Buildings, Total	372M	375M	378M	382M	636M
Machinery, Total	319M	295M	309M	318M	318M
Full Time Employees	10.6K	13.5K	17.3K	18.2K	18.8K
Accumulated Allowance for Doubtful Accounts (Supple)	12M	96M	31M	7M	5M

Fiscal Period: July	2020	2021	2022	2023	2024
Net Income	1.83B	2.06B	2.07B	2.38B	2.96B
Depreciation & Amortization - CF	189M	166M	187M	160M	159M
Amortization of Goodwill and Intangible Assets - (CF)	7M	147M	419M	483M	484M
Depreciation & Amortization, Total	196M	313M	606M	643M	643M
Amortization of Deferred Charges, Total - (CF)	22M	50M	140M	163M	146M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Operating	-84M	102M	-	-	2M
Stock-Based Compensation (CF)	435M	753M	1.31B	1.71B	1.94B
Tax Benefit from Stock Options	-	-	-	-	-
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-113M	-19M	205M	-457M	-381M
Change In Accounts Receivable	-59M	-104M	-31M	42M	-52M
Change In Accounts Payable	33M	206M	-95M	-97M	133M
Change in Unearned Revenues	38M	22M	71M	111M	-49M
Change In Income Taxes	53M	-51M	29M	754M	-739M
Change in Other Net Operating Assets	67M	-84M	-410M	-209M	278M
Cash from Operations	2.41B	3.25B	3.89B	5.05B	4.88B
Capital Expenditure	-59M	-53M	-157M	-210M	-191M
Cash Acquisitions	-	-3.06B	-5.68B	-33M	-83M
Sale (Purchase) of Intangible assets	-78M	-72M	-72M	-50M	-59M
Investment in Marketable and Equity Securities, Total	25M	-710M	928M	-326M	422M
Net (Increase) Decrease in Loans Originated / Sold - Investing	44M	-96M	-414M	-256M	-236M
Other Investing Activities, Total	-29M	30M	-24M	-47M	-80M
Cash from Investing	-97M	-3.96B	-5.42B	-922M	-227M
Short Term Debt Issued, Total	1B	-	-	-	100M
Long-Term Debt Issued, Total	1.98B	-	4.88B	222M	4.14B
Total Debt Issued	2.98B	-	4.88B	222M	4.24B
Short Term Debt Repaid, Total	-	-1B	-	-	-100M
Long-Term Debt Repaid, Total	-50M	-338M	-	-1.03B	-4.22B
Total Debt Repaid	-50M	-1.34B	-	-1.03B	-4.32B
Issuance of Common Stock	211M	196M	162M	228M	282M
Repurchase of Common Stock	-567M	-1.39B	-2.47B	-2.6B	-2.99B
Common Dividends Paid	-561M	-646M	-774M	-889M	-1.03B
Common & Preferred Stock Dividends Paid	-561M	-646M	-774M	-889M	-1.03B
Other Financing Activities, Total	18M	0	-66M	-198M	3.43B
Cash from Financing	2.03B	-3.18B	1.73B	-4.27B	-397M
Foreign Exchange Rate Adjustments	-6M	13M	-22M	-	-13M
Net Change in Cash	4.34B	-3.88B	178M	-145M	4.25B
Supplemental Items
Cash Interest Paid	14M	30M	67M	272M	200M
Cash Income Tax Paid (Refund)	493M	578M	303M	484M	1.88B
Levered Free Cash Flow	2.04B	2.64B	3.4B	4.59B	4.25B
Unlevered Free Cash Flow	2.05B	2.66B	3.45B	4.75B	4.4B
Change In Net Working Capital	-153M	-87M	21M	-525M	489M
Net Debt Issued / Repaid	2.93B	-1.34B	4.88B	-810M	-89M

Fiscal Period: July	2020	2021	2022	2023	2024
Profitability
Return on Assets	16.01	11.96	7.61	7.07	8.04
Return on Total Capital	21.32	15	9.06	8.19	9.84
Return On Equity %	41.24	27.54	15.7	14.14	16.6
Return on Common Equity	41.24	27.54	15.7	14.14	16.6
Margin Analysis
Gross Profit Margin %	82.34	83.05	82.19	79.26	79.62
SG&A Margin	35.13	37.32	38.68	35.23	35.19
EBITDA Margin %	31.27	29.52	25.46	26.34	27.61
EBITA Margin %	28.81	27.8	23.99	25.22	26.63
EBIT Margin %	28.71	26.27	20.7	21.86	23.66
Income From Continuing Operations Margin %	23.78	21.41	16.23	16.59	18.19
Net Income Margin %	23.78	21.41	16.23	16.59	18.19
Net Avail. For Common Margin %	23.78	21.41	16.23	16.59	18.19
Normalized Net Income Margin	18.13