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: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending July 31, 2022 10-K (Filed: Sept 2, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 31, 2022 | July 31, 2021 | July 31, 2020 | |
| Cash flows from operating activities: | |||
| Net income | $ 2,066 | 2,062 | 1,826 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 187 | 166 | 189 |
| Amortization of acquired intangible assets | 559 | 197 | 29 |
| Non-cash operating lease cost | 83 | 62 | 60 |
| Share-based compensation expense | 1,308 | 753 | 435 |
| Deferred income taxes | 120 | (42) | (179) |
| Other | 2 | (39) | 6 |
| Total adjustments | 2,259 | 1,097 | 540 |
| Originations of loans held for sale | 0 | (41) | (566) |
| Sale and principal payments of loans held for sale | 0 | 143 | 482 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (31) | (104) | (59) |
| Income taxes receivable | 29 | (51) | 53 |
| Prepaid expenses and other assets | (121) | 30 | (31) |
| Accounts payable | (95) | 206 | 33 |
| Accrued compensation and related liabilities | (357) | (70) | 100 |
| Deferred revenue | 71 | 22 | 38 |
| Operating lease liabilities | (83) | (66) | (61) |
| Other liabilities | 151 | 22 | 59 |
| Total changes in operating assets and liabilities | (436) | (11) | 132 |
| Net cash provided by operating activities | 3,889 | 3,250 | 2,414 |
| Cash flows from investing activities: | |||
| Purchases of corporate and customer fund investments | (830) | (1,489) | (701) |
| Sales of corporate and customer fund investments | 1,524 | 229 | 130 |
| Maturities of corporate and customer fund investments | 234 | 550 | 596 |
| Purchases of property and equipment | (157) | (53) | (59) |
| Capitalization of internal use software | (72) | (72) | (78) |
| Acquisitions of businesses, net of cash acquired | (5,682) | (3,064) | 0 |
| Originations of term loans to small businesses | (933) | (232) | (243) |
| Principal repayments of term loans from small businesses | 519 | 136 | 287 |
| Other | (24) | 30 | (29) |
| Net cash used in investing activities | (5,421) | (3,965) | (97) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of long-term debt | 4,700 | 0 | 1,983 |
| Proceeds from borrowings under unsecured revolving credit facility | 0 | 0 | 1,000 |
| Repayments on borrowings under unsecured revolving credit facility | 0 | (1,000) | 0 |
| Proceeds from borrowings under secured revolving credit facility | 182 | 0 | 0 |
| Repayment of debt | 0 | (338) | (50) |
| Proceeds from issuance of stock under employee stock plans | 162 | 196 | 211 |
| Payments for employee taxes withheld upon vesting of restricted stock units | (611) | (383) | (244) |
| Cash paid for purchases of treasury stock | (1,861) | (1,005) | (323) |
| Dividends and dividend rights paid | (774) | (646) | (561) |
| Net change in funds receivable and funds payable and amounts due to customers | (56) | 2 | 19 |
| Other | (10) | (2) | (1) |
| Net cash provided by (used in) financing activities | 1,732 | (3,176) | 2,034 |
| Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents | (22) | 13 | (6) |
| Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents | 178 | (3,878) | 4,345 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period | 2,819 | 6,697 | |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period | 2,997 | 2,819 | 6,697 |
| Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract] | |||
| Cash and cash equivalents | 2,796 | 2,562 | 6,442 |
| Restricted cash and restricted cash equivalents included in funds receivable and amounts held for customers | 201 | 257 | 255 |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period | 2,997 | 2,819 | 6,697 |
| Supplemental disclosure of cash flow information: | |||
| Interest paid | 67 | 30 | 14 |
| Income taxes paid | 303 | 578 | 493 |
| Supplemental schedule of non-cash investing activities: | |||
| Issuance of common stock in business combinations | 6,316 | 3,798 | 0 |
| External Links | |
| INTUIT INC (INTU) Fiscal Year 2022 | |
| 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 |