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: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending July 31, 2021 10-K (Filed: Sept 8, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 31, 2021 | July 31, 2020 | July 31, 2019 | |
| Cash flows from operating activities: | |||
| Net income | $ 2,062 | 1,826 | 1,557 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 166 | 189 | 199 |
| Amortization of acquired intangible assets | 197 | 29 | 26 |
| Non-cash operating lease cost | 62 | 60 | 0 |
| Share-based compensation expense | 753 | 435 | 401 |
| Deferred income taxes | (42) | (179) | (7) |
| Other | (39) | 6 | 15 |
| Total adjustments | 1,097 | 540 | 634 |
| Originations of loans held for sale | (41) | (566) | 0 |
| Sale and principal payments of loans held for sale | 143 | 482 | 0 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (104) | (59) | 11 |
| Income taxes receivable | (51) | 53 | 5 |
| Prepaid expenses and other assets | 30 | (31) | (37) |
| Accounts payable | 206 | 33 | 90 |
| Accrued compensation and related liabilities | (70) | 100 | 16 |
| Deferred revenue | 22 | 38 | 39 |
| Operating lease liabilities | (66) | (61) | 0 |
| Other liabilities | 22 | 59 | 9 |
| Total changes in operating assets and liabilities | (11) | 132 | 133 |
| Net cash provided by operating activities | 3,250 | 2,414 | 2,324 |
| Cash flows from investing activities: | |||
| Purchases of corporate and customer fund investments | (1,489) | (701) | (752) |
| Sales of corporate and customer fund investments | 229 | 130 | 84 |
| Maturities of corporate and customer fund investments | 550 | 596 | 303 |
| Purchases of property and equipment | (53) | (59) | (76) |
| Capitalization of internal use software | (72) | (78) | (79) |
| Acquisitions of businesses, net of cash acquired | (3,064) | 0 | (64) |
| Originations of term loans to small businesses | (232) | (243) | (316) |
| Principal repayments of term loans from small businesses | 136 | 287 | 267 |
| Other | 30 | (29) | (2) |
| Net cash used in investing activities | (3,965) | (97) | (635) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of long-term debt, net of discount and issuance costs | 0 | 1,983 | 0 |
| Proceeds from borrowings under unsecured revolving credit facility | 0 | 1,000 | 0 |
| Repayments on borrowings under unsecured revolving credit facility | (1,000) | 0 | 0 |
| Proceeds from borrowings under secured revolving credit facility | 0 | 0 | 48 |
| Repayment of debt | (338) | (50) | (50) |
| Proceeds from issuance of stock under employee stock plans | 196 | 211 | 284 |
| Payments for employee taxes withheld upon vesting of restricted stock units | (383) | (244) | (251) |
| Cash paid for purchases of treasury stock | (1,005) | (323) | (556) |
| Dividends and dividend rights paid | (646) | (561) | (501) |
| Net change in customer fund deposits | 2 | 19 | 69 |
| Other | (2) | (1) | (8) |
| Net cash provided by (used in) financing activities | (3,176) | 2,034 | (965) |
| Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents | 13 | (6) | (3) |
| Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents | (3,878) | 4,345 | 721 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period | 6,697 | 2,352 | |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period | 2,819 | 6,697 | 2,352 |
| Cash and cash equivalents | 2,562 | 6,442 | 2,116 |
| Restricted cash and restricted cash equivalents included in funds held for customers | 257 | 255 | 236 |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period | 2,819 | 6,697 | 2,352 |
| Supplemental disclosure of cash flow information: | |||
| Supplemental disclosure of cash flow information: | |||
| Interest paid | 30 | 14 | 17 |
| Income taxes paid | 578 | 493 | 325 |
| Supplemental schedule of non-cash investing activities: | |||
| Issuance of common stock in a business combination | 3,798 | 0 | 0 |
| External Links | |
| INTUIT INC (INTU) Fiscal Year 2021 | |
| 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 |