Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Intuit Inc., adjusted current assets

US$ in millions

	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019	Jul 31, 2018
As Reported
Current assets	5,557)	5,047)	5,157)	7,980)	3,594)	2,404)
Adjustments
Add: Allowance for doubtful accounts	7)	31)	96)	12)	3)	5)
After Adjustment
Adjusted current assets	5,564)	5,078)	5,253)	7,992)	3,597)	2,409)

Based on: 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31).

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Intuit Inc., adjusted total assets

US$ in millions

	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019	Jul 31, 2018
As Reported
Total assets	27,780)	27,734)	15,516)	10,931)	6,283)	5,178)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	352)	399)
Add: Allowance for doubtful accounts	7)	31)	96)	12)	3)	5)
Less: Long-term deferred income tax assets²	64)	11)	8)	65)	1)	87)
After Adjustment
Adjusted total assets	27,723)	27,754)	15,604)	10,878)	6,637)	5,495)

Based on: 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Long-term deferred income tax assets. See details »

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Intuit Inc., adjusted current liabilities

US$ in millions

	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019	Jul 31, 2018
As Reported
Current liabilities	3,790)	3,630)	2,655)	3,529)	1,966)	2,116)
Adjustments
Less: Current deferred revenue	921)	808)	684)	652)	619)	961)
After Adjustment
Adjusted current liabilities	2,869)	2,822)	1,971)	2,877)	1,347)	1,155)

Based on: 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31).

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Intuit Inc., adjusted total liabilities

US$ in millions

	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019	Jul 31, 2018
As Reported
Total liabilities	10,511)	11,293)	5,647)	5,825)	2,534)	2,824)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	352)	399)
Less: Long-term deferred income tax liabilities²	4)	619)	525)	2)	37)	7)
Less: Deferred revenue	926)	814)	692)	665)	623)	1,158)
After Adjustment
Adjusted total liabilities	9,581)	9,860)	4,430)	5,158)	2,226)	2,058)

Based on: 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Long-term deferred income tax liabilities. See details »

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Intuit Inc., adjusted stockholders’ equity

US$ in millions

	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019	Jul 31, 2018
As Reported
Stockholders’ equity	17,269)	16,441)	9,869)	5,106)	3,749)	2,354)
Adjustments
Less: Net deferred tax assets (liabilities)¹	60)	(608)	(517)	63)	(36)	80)
Add: Allowance for doubtful accounts	7)	31)	96)	12)	3)	5)
Add: Deferred revenue	926)	814)	692)	665)	623)	1,158)
After Adjustment
Adjusted stockholders’ equity	18,142)	17,894)	11,174)	5,720)	4,411)	3,437)

Based on: 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31).

¹ Net deferred tax assets (liabilities). See details »

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Intuit Inc., adjusted capitalization table

US$ in millions

	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019	Jul 31, 2018
As Reported
Short-term debt	—)	499)	—)	1,338)	50)	50)
Long-term debt	6,120)	6,415)	2,034)	2,031)	386)	388)
Total reported debt	6,120)	6,914)	2,034)	3,369)	436)	438)
Stockholders’ equity	17,269)	16,441)	9,869)	5,106)	3,749)	2,354)
Total reported capital	23,389)	23,355)	11,903)	8,475)	4,185)	2,792)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	352)	399)
Add: Current portion of operating lease liabilities²	89)	84)	66)	46)	—)	—)
Add: Operating lease liabilities, excluding current portion³	480)	542)	380)	221)	—)	—)
Adjusted total debt	6,689)	7,540)	2,480)	3,636)	788)	837)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	60)	(608)	(517)	63)	(36)	80)
Add: Allowance for doubtful accounts	7)	31)	96)	12)	3)	5)
Add: Deferred revenue	926)	814)	692)	665)	623)	1,158)
Adjusted stockholders’ equity	18,142)	17,894)	11,174)	5,720)	4,411)	3,437)
After Adjustment
Adjusted total capital	24,831)	25,434)	13,654)	9,356)	5,199)	4,274)

Based on: 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current portion of operating lease liabilities. See details »

³ Operating lease liabilities, excluding current portion. See details »

⁴ Net deferred tax assets (liabilities). See details »

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Intuit Inc., adjusted net revenue

US$ in millions

12 months ended:	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019	Jul 31, 2018
As Reported
Net revenue	14,368)	12,726)	9,633)	7,679)	6,784)	5,964)
Adjustment
Add: Increase (decrease) in deferred revenue	112)	122)	27)	42)	39)	69)
After Adjustment
Adjusted net revenue	14,480)	12,848)	9,660)	7,721)	6,823)	6,033)

Based on: 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31).

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Intuit Inc., adjusted net income

US$ in millions

12 months ended:	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019	Jul 31, 2018
As Reported
Net income	2,384)	2,066)	2,062)	1,826)	1,557)	1,211)
Adjustments
Add: Deferred income tax expense (benefit)¹	(659)	99)	(43)	(100)	(28)	43)
Add: Increase (decrease) in allowance for doubtful accounts	(24)	(65)	84)	9)	(2)	(41)
Add: Increase (decrease) in deferred revenue	112)	122)	27)	42)	39)	69)
Add: Other comprehensive income (loss), net of income taxes	5)	(36)	8)	4)	—)	(13)
After Adjustment
Adjusted net income	1,818)	2,186)	2,138)	1,781)	1,566)	1,269)

Based on: 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31).

¹ Deferred income tax expense (benefit). See details »

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Intuit Inc. (NASDAQ:INTU)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income