10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
INTUIT INC | ||
Ticker: INTU Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending July 31, 2020 10-K (Filed: Aug 31, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| July 31, 2020 | July 31, 2019 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 6,442 | 2,116 |
| Investments | 608 | 624 |
| Accounts receivable, net of allowance for doubtful accounts of $12 and $3 | 149 | 87 |
| Income taxes receivable | 12 | 65 |
| Prepaid expenses and other current assets | 314 | 266 |
| Current assets before funds held for customers | 7,525 | 3,158 |
| Funds held for customers | 455 | 436 |
| Total current assets | 7,980 | 3,594 |
| Long-term investments | 19 | 13 |
| Property and equipment, net | 734 | 780 |
| Operating lease right-of-use assets | 226 | |
| Goodwill | 1,654 | 1,655 |
| Acquired intangible assets, net | 28 | 54 |
| Long-term deferred income taxes | 65 | 1 |
| Other assets | 225 | 186 |
| Total assets | 10,931 | 6,283 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Short-term debt | 1,338 | 50 |
| Accounts payable | 305 | 274 |
| Accrued compensation and related liabilities | 482 | 385 |
| Deferred revenue | 652 | 619 |
| Other current liabilities | 297 | 202 |
| Current liabilities before customer fund deposits | 3,074 | 1,530 |
| Customer fund deposits | 455 | 436 |
| Total current liabilities | 3,529 | 1,966 |
| Long-term debt | 2,031 | 386 |
| Long-term deferred income tax liabilities | 2 | 37 |
| Operating lease liabilities | 221 | |
| Other long-term obligations | 42 | 145 |
| Total liabilities | 5,825 | 2,534 |
| Commitments and contingencies | ||
| Stockholders equity: | ||
| Preferred stock, $0.01 par value Authorized - 1,345 shares total; 145 shares designated Series A; 250 shares designated Series B Junior Participating Issued and outstanding - None | 0 | 0 |
| Common stock, $0.01 par value Authorized - 750,000 shares Outstanding - 261,740 shares at July 31, 2020 and 260,180 shares at July 31, 2019 | 3 | 3 |
| Additional paid-in capital | 6,179 | 5,772 |
| Treasury stock, at cost | (11,929) | (11,611) |
| Accumulated other comprehensive loss | (32) | (36) |
| Retained earnings | 10,885 | 9,621 |
| Total stockholders equity | 5,106 | 3,749 |
| Total liabilities and stockholders equity | 10,931 | 6,283 |
| External Links | |
| INTUIT INC (INTU) Fiscal Year 2020 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |