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: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending July 31, 2022 10-K (Filed: Sept 2, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| July 31, 2022 | July 31, 2021 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,796 | 2,562 |
| Investments | 485 | 1,308 |
| Accounts receivable, net of allowance for doubtful accounts of $31 and $96 | 446 | 391 |
| Notes receivable | 509 | 132 |
| Income taxes receivable | 93 | 123 |
| Prepaid expenses and other current assets | 287 | 184 |
| Current assets before funds receivable and amounts held for customers | 4,616 | 4,700 |
| Funds receivable and amounts held for customers | 431 | 457 |
| Total current assets | 5,047 | 5,157 |
| Long-term investments | 98 | 43 |
| Property and equipment, net | 888 | 780 |
| Operating lease right-of-use assets | 549 | 380 |
| Goodwill | 13,736 | 5,613 |
| Acquired intangible assets, net | 7,061 | 3,252 |
| Long-term deferred income tax assets | 11 | 8 |
| Other assets | 344 | 283 |
| Total assets | 27,734 | 15,516 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Short-term debt | 499 | 0 |
| Accounts payable | 737 | 623 |
| Accrued compensation and related liabilities | 576 | 530 |
| Deferred revenue | 808 | 684 |
| Other current liabilities | 579 | 361 |
| Current liabilities before funds payable and amounts due to customers | 3,199 | 2,198 |
| Funds payable and amounts due to customers | 431 | 457 |
| Total current liabilities | 3,630 | 2,655 |
| Long-term debt | 6,415 | 2,034 |
| Long-term deferred income tax liabilities | 619 | 525 |
| Operating lease liabilities | 542 | 380 |
| Other long-term obligations | 87 | 53 |
| Total liabilities | 11,293 | 5,647 |
| 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 - 281,932 shares at July 31, 2022 and 273,235 shares at July 31, 2021 | 3 | 3 |
| Additional paid-in capital | 17,722 | 10,545 |
| Treasury stock, at cost | (14,805) | (12,951) |
| Accumulated other comprehensive loss | (60) | (24) |
| Retained earnings | 13,581 | 12,296 |
| Total stockholders equity | 16,441 | 9,869 |
| Total liabilities and stockholders equity | 27,734 | 15,516 |
| External Links | |
| INTUIT INC (INTU) Fiscal Year 2022 | |
| 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 |