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: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending July 31, 2020 10-K (Filed: Aug 31, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 31, 2020 | July 31, 2019 | July 31, 2018 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,826 | 1,557 | 1,329 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 189 | 199 | 228 |
| Amortization of acquired intangible assets | 29 | 26 | 25 |
| Non-cash operating lease cost | 60 | 0 | 0 |
| Share-based compensation expense | 435 | 401 | 382 |
| Loss on sale of long-lived assets | 0 | 0 | 79 |
| Deferred income taxes | (179) | (7) | (5) |
| Other | 6 | 15 | 6 |
| Total adjustments | 540 | 634 | 715 |
| Originations of loans held for sale | (566) | 0 | 0 |
| Sale and principal payments of loans held for sale | 482 | 0 | 0 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (59) | 11 | 5 |
| Income taxes receivable | 53 | 5 | (1) |
| Prepaid expenses and other assets | (31) | (37) | (33) |
| Accounts payable | 33 | 90 | 12 |
| Accrued compensation and related liabilities | 100 | 16 | 75 |
| Deferred revenue | 38 | 39 | 6 |
| Operating lease liabilities | (61) | 0 | 0 |
| Other liabilities | 59 | 9 | 4 |
| Total changes in operating assets and liabilities | 132 | 133 | 68 |
| Net cash provided by operating activities | 2,414 | 2,324 | 2,112 |
| Cash flows from investing activities: | |||
| Purchases of corporate and customer fund investments | (701) | (752) | (407) |
| Sales of corporate and customer fund investments | 130 | 84 | 128 |
| Maturities of corporate and customer fund investments | 596 | 303 | 286 |
| Purchases of property and equipment | (59) | (76) | (38) |
| Capitalization of internal use software | (78) | (79) | (86) |
| Acquisitions of businesses, net of cash acquired | 0 | (64) | (363) |
| Originations of term loans to small businesses | (243) | (316) | (137) |
| Principal repayments of term loans from small businesses | 287 | 267 | 82 |
| Other | (29) | (2) | 3 |
| Net cash used in investing activities | (97) | (635) | (532) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of long-term debt, net of discount and issuance costs | 1,983 | 0 | 0 |
| Proceeds from borrowings under unsecured revolving credit facility | 1,000 | 0 | 800 |
| Repayments on borrowings under unsecured revolving credit facility | 0 | 0 | (800) |
| Proceeds from borrowings under secured revolving credit facility | 0 | 48 | 0 |
| Repayment of debt | (50) | (50) | (50) |
| Proceeds from issuance of stock under employee stock plans | 211 | 284 | 295 |
| Payments for employee taxes withheld upon vesting of restricted stock units | (244) | (251) | (199) |
| Cash paid for purchases of treasury stock | (323) | (556) | (272) |
| Dividends and dividend rights paid | (561) | (501) | (407) |
| Net change in customer fund deposits | 19 | 69 | (5) |
| Other | (1) | (8) | (1) |
| Net cash provided by (used in) financing activities | 2,034 | (965) | (639) |
| Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents | (6) | (3) | (11) |
| Net increase in cash, cash equivalents, restricted cash, and restricted cash equivalents | 4,345 | 721 | 930 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period | 2,352 | 1,631 | |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period | 6,697 | 2,352 | 1,631 |
| Cash and cash equivalents | 6,442 | 2,116 | 1,464 |
| Restricted cash and restricted cash equivalents included in funds held for customers | 255 | 236 | 167 |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period | 6,697 | 2,352 | 1,631 |
| Supplemental disclosure of cash flow information: | |||
| Interest paid | 14 | 17 | 19 |
| Income taxes paid | 493 | 325 | 245 |
| External Links | |
| INTUIT INC (INTU) Fiscal Year 2020 | |
| 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 |