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: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending July 31, 2016 10-K (Filed: Sept 1, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 31, 2016 | July 31, 2015 | July 31, 2014 | |
| Cash flows from operating activities: | |||
| Net income | $ 979 | 365 | 907 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 195 | 157 | 144 |
| Amortization of acquired intangible assets | 43 | 74 | 53 |
| Goodwill and intangible asset impairment charges | 0 | 297 | 0 |
| Share-based compensation expense | 281 | 257 | 204 |
| Pre-tax gain on sale of discontinued operations (1) | (354) | 0 | (40) |
| Net realized gain on sale of available-for-sale equity securities | 0 | 0 | (21) |
| Deferred income taxes | 70 | (100) | 93 |
| Tax benefit from share-based compensation plans | 59 | 85 | 82 |
| Excess tax benefit from share-based compensation plans | (59) | (85) | (82) |
| Other | 17 | 4 | 24 |
| Total adjustments | 252 | 689 | 457 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (20) | 24 | (5) |
| Income taxes receivable | 64 | (49) | 27 |
| Prepaid expenses and other assets | (10) | 22 | (14) |
| Accounts payable | (23) | 35 | 15 |
| Accrued compensation and related liabilities | (11) | 24 | 43 |
| Deferred revenue | 192 | 398 | 15 |
| Other liabilities | (22) | (4) | 1 |
| Total changes in operating assets and liabilities | 170 | 450 | 82 |
| Net cash provided by operating activities | 1,401 | 1,504 | 1,446 |
| Cash flows from investing activities: | |||
| Purchases of corporate and customer fund investments | (934) | (939) | (1,334) |
| Sales of corporate and customer fund investments | 1,165 | 620 | 346 |
| Maturities of corporate and customer fund investments | 187 | 475 | 567 |
| Net change in money market funds and other cash equivalents held to satisfy customer fund obligations | 58 | (49) | (54) |
| Net change in customer fund deposits | (33) | 49 | 54 |
| Proceeds from the sale of available-for-sale equity securities | 0 | 0 | 26 |
| Purchases of property and equipment | (416) | (142) | (104) |
| Capitalization of internal use software | (106) | (119) | (82) |
| Acquisitions of businesses, net of cash acquired | 0 | (95) | (471) |
| Proceeds from divestiture of businesses | 463 | 0 | 1,025 |
| Other | (13) | 18 | (22) |
| Net cash provided by (used in) investing activities | 371 | (182) | (49) |
| Cash flows from financing activities: | |||
| Proceeds from borrowings under revolving credit facilities | 995 | 0 | 0 |
| Repayments on borrowings under revolving credit facilities | (995) | 0 | 0 |
| Proceeds from long-term debt | 500 | 0 | 0 |
| Net proceeds from issuance of stock under employee stock plans | 89 | 107 | 165 |
| Cash paid for purchases of treasury stock | (2,264) | (1,245) | (1,577) |
| Dividends and dividend rights paid | (318) | (283) | (220) |
| Excess tax benefit from share-based compensation plans | 59 | 85 | 82 |
| Other | (6) | (1) | (1) |
| Net cash used in financing activities | (1,940) | (1,337) | (1,551) |
| Effect of exchange rates on cash and cash equivalents | (2) | (26) | (6) |
| Net decrease in cash and cash equivalents | (170) | (41) | (160) |
| Cash and cash equivalents at beginning of period | 808 | 849 | |
| Cash and cash equivalents at end of period | 638 | 808 | 849 |
| Supplemental disclosure of cash flow information: | |||
| Interest paid | 37 | 32 | 32 |
| Income taxes paid | 389 | 222 | 240 |
| External Links | |
| INTUIT INC (INTU) Fiscal Year 2016 | |
| 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 |