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INTUIT INC   FYE=7 (July)

Annual - Income Statement - Company Specific

Fiscal period2019201820172016201520142013201220112010
Period End Date7/31/20197/31/20187/31/20177/31/20167/31/20157/31/20147/31/20137/31/20127/31/20117/31/2010
Net revenue: Product1,623.001,624.001,483.001,289.001,146.001,459.001,447.001,479.001,480.001,412.00
Net revenue: Service5,161.004,401.003,713.003,405.003,046.002,784.002,499.002,329.001,969.001,991.00
Net revenue: Other--------------------
Total Revenues6,784.006,025.005,196.004,694.004,192.004,243.003,946.003,808.003,449.003,403.00
Cost of product revenue77.0082.0089.00131.00139.00137.00125.00146.00143.00144.00
Cost of service revenue1,070.00881.00709.00599.00556.00466.00402.00429.00338.00447.00
Cost of other revenue--------------------
Cost of revenue: Amortization of acquired technology20.0015.0012.0022.0030.0018.0013.0010.009.00--
Goodwill and intangible asset impairment charge--------148.00--0.00------
Amortization of purchased intangible assets6.006.002.0012.0012.007.0017.0023.0011.0043.00
Amortization of purchased software--------------------
Research and development1,233.001,186.00998.00881.00798.00714.00647.00618.00566.00564.00
Charge for purchased research and development--------------------
General and Administrative597.00664.00553.00518.00483.00444.00412.00381.00341.00346.00
Selling and marketing1,927.001,631.001,415.001,289.001,288.001,157.001,122.001,033.00959.00913.00
Acquisition-related charges------------------42.00
Customer service and technical support--------------------
Credit (Charge) for vacant facilities--------------------
Income (Loss) on impairment of goodwill and purchased intangible assets----------0.00--------
Income (Loss) on impairment of long-lived asset--------------------
Total Operating Expenses4,930.004,465.003,778.003,452.003,454.002,943.002,738.002,640.002,367.002,499.00
Operating Income (loss)1,854.001,560.001,418.001,242.00738.001,300.001,208.001,168.001,082.00904.00
Interest expense15.0020.0031.0035.0027.0031.0030.0050.0060.0061.00
Gain on sale of outsourced payroll assets--------------------
Gains (loss) on marketable equity securities and other investments, net--------------------
Gains (losses)on divestiture of businesses, net--------------------
Interest and other income (expense)42.0026.003.00(4.00)1.0031.007.0020.0020.0013.00
Income from continuing operations before income taxes1,881.001,566.001,390.001,203.00712.001,300.001,185.001,138.001,042.00856.00
Current- Foreign14.0014.008.0013.007.0010.005.002.005.0033.00
Deferred: Foreign(1.00)0.002.00(1.00)4.002.0010.008.006.00(16.00)
Current- Federal271.00197.00345.00401.00253.00358.00328.00363.00273.00245.00
Current- State67.0038.0036.0033.0020.0021.0030.0028.0046.0046.00
Deferred- Federal(23.00)(14.00)12.00(42.00)14.0051.004.00(23.00)16.00(15.00)
Deferred- State(4.00)2.002.00(7.00)1.005.001.00(4.00)8.00(1.00)
Income tax provision (benefit)324.00237.00405.00397.00299.00447.00378.00374.00354.00292.00
Minority interest--------------------
Income from Continuing Operations1,557.001,329.00985.00806.00413.00853.00807.00764.00688.00564.00
Net income (loss)from discontinued operations0.000.000.00173.00(48.00)54.0051.0028.00(54.00)10.00
Net income from Quicken Loans discontinued operations--------------------
Gain on disposal of Quicken Loans discontinued operations--------------------
Net income from Intuit KK discontinued operations--------------------
Cumulative effect of accounting change, net of taxes--------------------
Net Income (Loss) Available to Common Shareholders1,557.001,329.00985.00979.00365.00907.00858.00792.00634.00574.00
Basic net income per share from continuing operations5.995.183.833.081.472.992.722.582.241.79
Basic net income per share from discontinued operations0.000.000.000.65(0.17)0.190.170.09(0.18)0.03
Cumulative effect of accounting change per share--------------------
Net Earnings Per Share (Basic)5.995.183.833.731.303.182.892.672.061.82
Diluted net income per share from continuing operations5.895.093.783.041.452.942.662.512.171.74
Diluted net income per share from discontinued operations0.000.000.000.65(0.17)0.180.170.09(0.17)0.03
Cumulative effect of accounting change per share--------------------
Net Earnings Per Share (Diluted)5.895.093.783.691.283.122.832.602.001.77
Weighted Average Shares Outstanding (Basic)260.00256.00257.00262.00281.00285.00297.00296.00307.00316.00
Weighted Average Shares Outstanding (Diluted)264.00261.00261.00265.00286.00291.00303.00305.00317.00325.00