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 Operations | |||
Period Ending July 31, 2020 10-K (Filed: Aug 31, 2020) | |||
(In Millions) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
July 31, 2020 | July 31, 2019 | July 31, 2018 | |
Net revenue: | |||
Total net revenue | $ 7,679 | 6,784 | 6,025 |
Costs and expenses: | |||
Cost of revenue: | |||
Amortization of acquired technology | 22 | 20 | 15 |
Selling and marketing | 2,048 | 1,927 | 1,631 |
Research and development | 1,392 | 1,233 | 1,186 |
General and administrative | 679 | 597 | 664 |
Amortization of other acquired intangible assets | 6 | 6 | 6 |
Total costs and expenses | 5,503 | 4,930 | 4,465 |
Operating income | 2,176 | 1,854 | 1,560 |
Interest expense | (14) | (15) | (20) |
Interest and other income, net | 36 | 42 | 26 |
Income before income taxes | 2,198 | 1,881 | 1,566 |
Income tax provision | 372 | 324 | 237 |
Net income | 1,826 | 1,557 | 1,329 |
Basic net income per share (in dollars per share) | 6.99 | 5.99 | 5.18 |
Shares used in basic per share calculations (in shares) | 261 | 260 | 256 |
Diluted net income per share (in dollars per share) | 6.92 | 5.89 | 5.09 |
Shares used in diluted per share calculations (in shares) | 264 | 264 | 261 |
Cash dividends declared per common share (in dollars per share) | 2.12 | 1.88 | 1.56 |
Product and Service | |||
Product | |||
Total net revenue | 1,635 | 1,623 | 1,624 |
Cost of revenue | 72 | 77 | 82 |
Service and other | |||
Total net revenue | 6,044 | 5,161 | 4,401 |
Cost of revenue | 1,284 | 1,070 | 881 |
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 |