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Microsoft Excel LibreOffice Calc

Intuit Inc. (INTU)

Analysis of Revenues

High level of difficulty

Accounting Policy on Revenue Recognition

Intuit derives revenue from the sale of packaged software products, software subscriptions, hosted services, payroll services, merchant payment processing services, financial supplies and hardware. Intuit enters into contracts with customers that include promises to transfer various products and services, which are generally capable of being distinct and accounted for as separate performance obligations. Revenue is recognized when the promised goods or services are transferred to customers, in an amount that reflects the consideration allocated to the respective performance obligation.

Source: 10-K (filing date: 2019-08-30).

Revenues as Reported

Intuit Inc., Income Statement, Revenues

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016 Jul 31, 2015 Jul 31, 2014
Small Business & Self-Employed hidden hidden hidden hidden hidden hidden
Consumer hidden hidden hidden hidden hidden hidden
Strategic Partner hidden hidden hidden hidden hidden hidden
Net revenue hidden hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-08-30), 10-K (filing date: 2018-08-31), 10-K (filing date: 2017-09-01), 10-K (filing date: 2016-09-01), 10-K (filing date: 2015-09-01), 10-K (filing date: 2014-09-12).

Item Description The company
Net revenue Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Intuit Inc.’s net revenue increased from 2017 to 2018 and from 2018 to 2019.