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: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending July 31, 2019 10-K (Filed: Aug 30, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 31, 2019 | July 31, 2018 | July 31, 2017 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,557 | 1,329 | 985 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 199 | 228 | 214 |
| Amortization of acquired intangible assets | 26 | 25 | 22 |
| Share-based compensation expense | 401 | 382 | 326 |
| Loss on sale of long-lived assets | 0 | 79 | 0 |
| Deferred income taxes | (7) | (5) | 17 |
| Other | 15 | 6 | 13 |
| Total adjustments | 634 | 715 | 592 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 11 | 5 | 5 |
| Income taxes receivable | 5 | (1) | (44) |
| Prepaid expenses and other assets | (37) | (33) | (13) |
| Accounts payable | 90 | 12 | 0 |
| Accrued compensation and related liabilities | 16 | 75 | 10 |
| Deferred revenue | 39 | 6 | 64 |
| Other liabilities | 9 | 4 | 0 |
| Total changes in operating assets and liabilities | 133 | 68 | 22 |
| Net cash provided by operating activities | 2,324 | 2,112 | 1,599 |
| Cash flows from investing activities: | |||
| Purchases of corporate and customer fund investments | (752) | (407) | (352) |
| Sales of corporate and customer fund investments | 84 | 128 | 359 |
| Maturities of corporate and customer fund investments | 303 | 286 | 183 |
| Net change in customer fund deposits | 69 | (5) | 68 |
| Purchases of property and equipment | (76) | (38) | (102) |
| Capitalization of internal use software | (79) | (86) | (128) |
| Acquisitions of businesses, net of cash acquired | (64) | (363) | 0 |
| Originations of term loans to small businesses | (316) | (137) | 0 |
| Principal repayments of term loans from small businesses | 267 | 82 | 0 |
| Other | (2) | 3 | (45) |
| Net cash used in investing activities | (566) | (537) | (17) |
| Cash flows from financing activities: | |||
| Proceeds from borrowings under unsecured revolving credit facility | 0 | 800 | 150 |
| Repayments on borrowings under unsecured revolving credit facility | 0 | (800) | (150) |
| Proceeds from borrowings under secured revolving credit facility | 48 | 0 | 0 |
| Repayment of debt | (50) | (50) | (512) |
| Proceeds from issuance of stock under employee stock plans | 284 | 295 | 226 |
| Payments for employee taxes withheld upon vesting of restricted stock units | (251) | (199) | (153) |
| Cash paid for purchases of treasury stock | (556) | (272) | (839) |
| Dividends and dividend rights paid | (501) | (407) | (353) |
| Other | (8) | (1) | (1) |
| Net cash used in financing activities | (1,034) | (634) | (1,632) |
| Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents | (3) | (11) | 9 |
| Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents | 721 | 930 | (41) |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period | 1,631 | 701 | |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period | 2,352 | 1,631 | 701 |
| Cash and cash equivalents | 2,116 | 1,464 | 529 |
| Restricted cash and restricted cash equivalents included in funds held for customers | 236 | 167 | 172 |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period | 2,352 | 1,631 | 701 |
| Supplemental disclosure of cash flow information: | |||
| Interest paid | 17 | 19 | 42 |
| Income taxes paid | 325 | 245 | 430 |
| External Links | |
| INTUIT INC (INTU) Fiscal Year 2019 | |
| 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 |