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: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending July 31, 2021 10-K (Filed: Sept 8, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| July 31, 2021 | July 31, 2020 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,562 | 6,442 |
| Investments | 1,308 | 608 |
| Accounts receivable, net of allowance for doubtful accounts of $96 and $12 | 391 | 149 |
| Income taxes receivable | 123 | 12 |
| Prepaid expenses and other current assets | 316 | 314 |
| Current assets before funds held for customers | 4,700 | 7,525 |
| Funds held for customers | 457 | 455 |
| Total current assets | 5,157 | 7,980 |
| Long-term investments | 43 | 19 |
| Property and equipment, net | 780 | 734 |
| Operating lease right-of-use assets | 380 | 226 |
| Goodwill | 5,613 | 1,654 |
| Acquired intangible assets, net | 3,252 | 28 |
| Long-term deferred income taxes | 8 | 65 |
| Other assets | 283 | 225 |
| Total assets | 15,516 | 10,931 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Short-term debt | 0 | 1,338 |
| Accounts payable | 623 | 305 |
| Accrued compensation and related liabilities | 530 | 482 |
| Deferred revenue | 684 | 652 |
| Other current liabilities | 361 | 297 |
| Current liabilities before customer fund deposits | 2,198 | 3,074 |
| Customer fund deposits | 457 | 455 |
| Total current liabilities | 2,655 | 3,529 |
| Long-term debt | 2,034 | 2,031 |
| Long-term deferred income tax liabilities | 525 | 2 |
| Operating lease liabilities | 380 | 221 |
| Other long-term obligations | 53 | 42 |
| Total liabilities | 5,647 | 5,825 |
| 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 - 273,235 shares at July 31, 2021 and 261,740 shares at July 31, 2020 | 3 | 3 |
| Additional paid-in capital | 10,545 | 6,179 |
| Treasury stock, at cost | (12,951) | (11,929) |
| Accumulated other comprehensive loss | (24) | (32) |
| Retained earnings | 12,296 | 10,885 |
| Total stockholders equity | 9,869 | 5,106 |
| Total liabilities and stockholders equity | 15,516 | 10,931 |
| External Links | |
| INTUIT INC (INTU) Fiscal Year 2021 | |
| 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 |