#445 Fortune 1000 Revenue Rank

Intuit Inc.

Intuit

2700 Coast Ave

Mountain View, CA, 94043-1140 United States

(650) 944-6000

www.intuit.com

Company Type: Corporation Parent

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Intuit's fact is: It handles other people's taxes – and their bookkeeping and other financial management tasks. The company is a leading developer of software used for small business accounting (QuickBooks), and consumer tax preparation (TurboTax). Mint, the online service, helps manage personal finances and budgeting. Professional accountants boot up Intuit's Lacerte, ProSeries, and ProConnect Tax Online products. More than 70% of revenue comes from products hosted on Intuit's servers, what the company calls connected services. Intuit claims more than 50 million users for its products and services. Not surprisingly, about half of annual revenue comes in the quarter that includes April 15.

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Financial Statements

Financial data as of July 31, 2019 (12 month period) in USD

Annual Revenue 2019

$6.78 billion USD

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*All financial statement data is in millions except per share data | Source: Morningstar

Cash Flow (mil)	2019	2018	2017
Net Operating Cash	$2,324	$2,112	$1,599
Net Investing Cash	-$566	-$537	-$17
Net Financing Cash	-$1,034	-$634	-$1,632
Net Change in Cash	$724	$941	-$50
Cash at Beginning of Period	$1,631	$701	$742
Cash at End of Period	$2,352	$1,631	$701
Capital Expenditure	-$155	-$124	-$230

Assets (mil)	2019	2018	2017
Current Assets
Cash and Cash Equivalents	$2,116	$1,464	$529
Accounts Receivable	$87	$98	$103
Inventories	$	$	$
Other Current Assets	$1,391	$860	$783
Asset Summary
TOTAL CURRENT ASSETS	$3,594	$2,422	$1,415
Tangible Fixed Assets	$780	$812	$1,030
Intangible Assets	$54	$61	$22
Total Assets	$6,283	$5,134	$4,068

Liabilities (mil)	2019	2018	2017
Current Liabilities
Accounts Payable	$274	$178	$157
Short-Term Debt	$50	$50	$50
Other Current Liabilities	$1,642	$1,515	$1,737
Liability Summary
Total Current Liabilities	$1,966	$1,743	$1,944
Long-Term Debt	$386	$388	$438
Other Long-Term Liabilities	$145	$119	$130
Total Liabilities	$2,534	$2,318	$2,714

Stakeholder's Equity (mil)	2019	2018	2017
Equity
Common Stock	$3	$3	$3
Retained Earnings	$9,621	$8,564	$7,297
Equity Summary
Total Equity	$3,749	$2,816	$1,354
Shares Outstanding	260,180,000	258,616,000	255,668,000

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Company Snapshot

Essential information for a successful call

EMPLOYEES (This Site) 70
EMPLOYEES (All Sites) 9,400
ASSETS (MIL USD) 6,283
REVENUE (MIL USD) 6,784
TICKER SYMBOL INTU
Incorporated 1983
FISCAL YEAR END JUL
SALES GROWTH % 12.6%
NET INCOME GROWTH 17.16%

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Corporate Family Connections

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Intuit Inc.

Ultimate Parent

51 Subsidiaries

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47 Branches

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Get in Touch with 1,365 Contacts and 6 Principals*

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Sasan K Goodarzi

President
BRAD D SMITH

Executive Chairman of the Board
MICHELLE M CLATTERBUCK

Executive Vice President and Chief Financial Officer
LAURA A FENNELL

Executive Vice President and Chief and Principal and Officer

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Industry Information

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