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: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending July 31, 2012 10-K (Filed: Sept 13, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 31, 2012 | July 31, 2011 | July 31, 2010 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ 792 | 634 | 574 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 171 | 164 | 148 |
| Amortization of acquired intangible assets | 71 | 77 | 108 |
| Goodwill and intangible asset impairment charge | 0 | 30 | 0 |
| Share-based compensation expense | 169 | 153 | 135 |
| Pre-tax gain on sale of discontinued operations | 0 | 0 | (58) [1] |
| Deferred income taxes | (62) | 31 | (69) |
| Tax benefit from share-based compensation plans | 71 | 81 | 36 |
| Excess tax benefit from share-based compensation plans | (70) | (71) | (18) |
| Other | 11 | 19 | 23 |
| Total adjustments | 361 | 484 | 305 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (10) | (36) | 2 |
| Prepaid expenses, income taxes receivable and other assets | 31 | (70) | 20 |
| Accounts payable | 19 | (24) | 40 |
| Accrued compensation and related liabilities | 17 | 8 | 33 |
| Deferred revenue | 38 | 28 | 32 |
| Income taxes payable | 0 | (15) | 14 |
| Other liabilities | (2) | 4 | (22) |
| Total changes in operating assets and liabilities | 93 | (105) | 119 |
| Net cash provided by operating activities | 1,246 | 1,013 | 998 |
| Cash flows from investing activities: | |||
| Purchases of available-for-sale debt securities | (669) | (1,257) | (3,029) |
| Sales of available-for-sale debt securities | 840 | 1,626 | 1,660 |
| Maturities of available-for-sale debt securities | 178 | 328 | 474 |
| Net change in money market funds and other cash equivalents held to satisfy customer fund obligations | 124 | (51) | 82 |
| Net change in customer fund deposits | (124) | 77 | 65 |
| Purchases of property and equipment | (135) | (114) | (74) |
| Capitalization of internal use software | (51) | (99) | (56) |
| Acquisitions of businesses, net of cash acquired | (392) | 0 | (218) |
| Acquisitions of intangible assets | (10) | (15) | (13) |
| Proceeds from divestiture of businesses | 0 | 0 | 122 |
| Other | 14 | 2 | (10) |
| Net cash provided by (used in) investing activities | (225) | 497 | (997) |
| Cash flows from financing activities: | |||
| Repayment of debt | (500) | 0 | 0 |
| Net proceeds from issuance of treasury stock under employee stock plans | 164 | 283 | 416 |
| Purchases of treasury stock | (900) | (1,360) | (900) |
| Cash dividends paid to stockholders | (178) | 0 | 0 |
| Excess tax benefit from share-based compensation plans | 70 | 71 | 18 |
| Other | 0 | 0 | (1) |
| Net cash used in financing activities | (1,344) | (1,006) | (467) |
| Effect of exchange rates on cash and cash equivalents | (6) | 4 | 1 |
| Net increase (decrease) in cash and cash equivalents | (329) | 508 | (465) |
| Cash and cash equivalents at beginning of period | 722 | 214 | 679 |
| Cash and cash equivalents at end of period | 393 | 722 | 214 |
| Supplemental disclosure of cash flow information: | |||
| Interest paid | 60 | 60 | 61 |
| Income taxes paid | 312 | 270 | 277 |
| [1] Because the cash flows of our discontinued operations were not material for any period presented, we have not segregated the cash flows of those businesses on these statements of cash flows. We have presented the effect of the gain on disposal of discontinued operations on these statements of cash flows. See Note 8 for more information. | |||
| External Links | |
| INTUIT INC (INTU) Fiscal Year 2012 | |
| 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 |