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: 2017 | |||
Consolidated Statements of Operations | |||
Period Ending July 31, 2017 10-K (Filed: Sept 1, 2017) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 31, 2017 | July 31, 2016 | July 31, 2015 | |
| Net revenue: | |||
| Product | $ 1,376 | 1,289 | 1,146 |
| Service and other | 3,801 | 3,405 | 3,046 |
| Total net revenue | 5,177 | 4,694 | 4,192 |
| Costs and expenses: | |||
| Cost of revenue: | |||
| Cost of product revenue | 120 | 131 | 139 |
| Cost of service and other revenue | 677 | 599 | 556 |
| Amortization of acquired technology | 12 | 22 | 30 |
| Selling and marketing | 1,420 | 1,289 | 1,288 |
| Research and development | 998 | 881 | 798 |
| General and administrative | 553 | 518 | 483 |
| Amortization of other acquired intangible assets | 2 | 12 | 12 |
| Goodwill and intangible asset impairment charges | 0 | 0 | 148 |
| Total costs and expenses | 3,782 | 3,452 | 3,454 |
| Operating income from continuing operations | 1,395 | 1,242 | 738 |
| Interest expense | (31) | (35) | (27) |
| Interest and other income (expense), net | 3 | (4) | 1 |
| Income from continuing operations before income taxes | 1,367 | 1,203 | 712 |
| Income tax provision | 396 | 397 | 299 |
| Net income from continuing operations | 971 | 806 | 413 |
| Net income (loss) from discontinued operations | 0 | 173 | (48) |
| Net income | 971 | 979 | 365 |
| Basic net income per share from continuing operations (in dollars per share) | 3.78 | 3.08 | 1.47 |
| Basic net income (loss) per share from discontinued operations (in dollars per share) | 0.00 | 0.65 | (0.17) |
| Basic net income per share (in dollars per share) | 3.78 | 3.73 | 1.30 |
| Shares used in basic per share calculations (in shares) | 257 | 262 | 281 |
| Diluted net income per share from continuing operations (in dollars per share) | 3.72 | 3.04 | 1.45 |
| Diluted net income (loss) per share from discontinued operations (in dollars per share) | 0.00 | 0.65 | (0.17) |
| Diluted net income per share (in dollars per share) | 3.72 | 3.69 | 1.28 |
| Shares used in diluted per share calculations (in shares) | 261 | 265 | 286 |
| Cash dividends declared per common share (in dollars per share) | 1.36 | 1.20 | 1.00 |
| External Links | |
| INTUIT INC (INTU) Fiscal Year 2017 | |
| 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 |