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: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending July 31, 2018 10-K (Filed: Aug 31, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 31, 2018 | July 31, 2017 | July 31, 2016 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,211 | 971 | 979 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 228 | 214 | 195 |
| Amortization of acquired intangible assets | 25 | 22 | 43 |
| Share-based compensation expense | 382 | 326 | 281 |
| Pre-tax gain on sale of discontinued operations | 0 [1] | 0 | (354) |
| Loss on sale of long-lived assets | 79 | 0 | 0 |
| Deferred income taxes | 51 | 8 | 70 |
| Tax benefit from share-based compensation plans | 0 | 0 | 59 |
| Other | 6 | 13 | 17 |
| Total adjustments | 771 | 583 | 311 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 5 | 5 | (20) |
| Income taxes receivable | (1) | (44) | 64 |
| Prepaid expenses and other assets | (31) | (9) | (10) |
| Accounts payable | 12 | 0 | (23) |
| Accrued compensation and related liabilities | 75 | 10 | (11) |
| Deferred revenue | 66 | 83 | 192 |
| Other liabilities | 4 | 0 | (22) |
| Total changes in operating assets and liabilities | 130 | 45 | 170 |
| Net cash provided by operating activities | 2,112 | 1,599 | 1,460 |
| Cash flows from investing activities: | |||
| Purchases of corporate and customer fund investments | (407) | (352) | (934) |
| Sales of corporate and customer fund investments | 128 | 359 | 1,165 |
| Maturities of corporate and customer fund investments | 286 | 183 | 187 |
| Net change in cash and cash equivalents held to satisfy customer fund obligations | 5 | (68) | 58 |
| Net change in customer fund deposits | (5) | 68 | (33) |
| Purchases of property and equipment | (38) | (102) | (416) |
| Capitalization of internal use software | (86) | (128) | (106) |
| Acquisitions of businesses, net of cash acquired | (363) | 0 | 0 |
| Proceeds from divestiture of businesses | 0 | 0 | 463 |
| Originations of term loans to small businesses | (137) | 0 | 0 |
| Principal repayments of term loans from small businesses | 82 | 0 | 0 |
| Other | 3 | (45) | (13) |
| Net cash provided by (used in) investing activities | (532) | (85) | 371 |
| Cash flows from financing activities: | |||
| Proceeds from borrowings under revolving credit facilities | 800 | 150 | 995 |
| Repayments on borrowings under revolving credit facilities | (800) | (150) | (995) |
| Proceeds from long-term debt | 0 | 0 | 500 |
| Repayment of debt | (50) | (512) | 0 |
| Proceeds from issuance of stock under employee stock plans | 295 | 226 | 197 |
| Payments for employee taxes withheld upon vesting of restricted stock units | (199) | (153) | (108) |
| Cash paid for purchases of treasury stock | (272) | (839) | (2,264) |
| Dividends and dividend rights paid | (407) | (353) | (318) |
| Other | (1) | (1) | (6) |
| Net cash used in financing activities | (634) | (1,632) | (1,999) |
| Effect of exchange rates on cash and cash equivalents | (11) | 9 | (2) |
| Net increase (decrease) in cash and cash equivalents | 935 | (109) | (170) |
| Cash and cash equivalents at beginning of period | 529 | 638 | |
| Cash and cash equivalents at end of period | 1,464 | 529 | 638 |
| Supplemental disclosure of cash flow information: | |||
| Interest paid | 19 | 42 | 37 |
| Income taxes paid | 245 | 430 | 389 |
| [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 pre-tax gains on the disposals on these statements of cash flows. See Note 7, Discontinued Operations, for more information. | |||
| External Links | |
| INTUIT INC (INTU) Fiscal Year 2018 | |
| 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 |