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INTUIT INC   FYE=7 (July)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date7/31/20217/31/20207/31/20197/31/20187/31/20177/31/20167/31/20157/31/20147/31/20137/31/2012
Net revenue: Product1,698.001,635.001,623.001,624.001,483.001,289.001,146.001,459.001,447.001,479.00
Net revenue: Service7,935.006,044.005,161.004,401.003,713.003,405.003,046.002,784.002,499.002,329.00
Net revenue: Other--------------------
Total Revenues9,633.007,679.006,784.006,025.005,196.004,694.004,192.004,243.003,946.003,808.00
Cost of product revenue69.0072.0077.0082.0089.00131.00139.00137.00125.00146.00
Cost of service revenue1,564.001,284.001,070.00881.00709.00599.00556.00466.00402.00429.00
Cost of other revenue--------------------
Cost of revenue: Amortization of acquired technology50.0022.0020.0015.0012.0022.0030.0018.0013.0010.00
Goodwill and intangible asset impairment charge------------148.00--0.00--
Amortization of purchased intangible assets146.006.006.006.002.0012.0012.007.0017.0023.00
Amortization of purchased software--------------------
Research and development1,678.001,392.001,233.001,186.00998.00881.00798.00714.00647.00618.00
Charge for purchased research and development--------------------
General and Administrative982.00679.00597.00664.00553.00518.00483.00444.00412.00381.00
Selling and marketing2,644.002,048.001,927.001,631.001,415.001,289.001,288.001,157.001,122.001,033.00
Acquisition-related charges--------------------
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 Expenses7,133.005,503.004,930.004,465.003,778.003,452.003,454.002,943.002,738.002,640.00
Operating Income (loss)2,500.002,176.001,854.001,560.001,418.001,242.00738.001,300.001,208.001,168.00
Interest expense29.0014.0015.0020.0031.0035.0027.0031.0030.0050.00
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)85.0036.0042.0026.003.00(4.00)1.0031.007.0020.00
Income from continuing operations before income taxes2,556.002,198.001,881.001,566.001,390.001,203.00712.001,300.001,185.001,138.00
Current- Foreign17.0021.0014.0014.008.0013.007.0010.005.002.00
Deferred: Foreign1.00(6.00)(1.00)0.002.00(1.00)4.002.0010.008.00
Current- Federal399.00372.00271.00197.00345.00401.00253.00358.00328.00363.00
Current- State121.0079.0067.0038.0036.0033.0020.0021.0030.0028.00
Deferred- Federal(33.00)(47.00)(23.00)(14.00)12.00(42.00)14.0051.004.00(23.00)
Deferred- State(11.00)(47.00)(4.00)2.002.00(7.00)1.005.001.00(4.00)
Income tax provision (benefit)494.00372.00324.00237.00405.00397.00299.00447.00378.00374.00
Minority interest--------------------
Income from Continuing Operations------1,329.00985.00806.00413.00853.00807.00764.00
Net income (loss)from discontinued operations--------0.00173.00(48.00)54.0051.0028.00
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 Shareholders2,062.001,826.001,557.001,329.00985.00979.00365.00907.00858.00792.00
Basic net income per share from continuing operations7.656.995.99--3.833.081.472.992.722.58
Basic net income per share from discontinued operations--------0.000.65(0.17)0.190.170.09
Cumulative effect of accounting change per share--------------------
Net Earnings Per Share (Basic)7.656.995.995.183.833.731.303.182.892.67
Diluted net income per share from continuing operations--------3.783.041.452.942.662.51
Diluted net income per share from discontinued operations--------0.000.65(0.17)0.180.170.09
Cumulative effect of accounting change per share--------------------
Net Earnings Per Share (Diluted)7.566.925.895.093.783.691.283.122.832.60
Weighted Average Shares Outstanding (Basic)270.00261.00260.00256.00257.00262.00281.00285.00297.00296.00
Weighted Average Shares Outstanding (Diluted)273.00264.00264.00261.00261.00265.00286.00291.00303.00305.00