Common-Size Balance Sheet: Assets
Quarterly Data
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Intuit Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-K (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets shows significant volatility across the periods. It peaked notably around mid-2020, reaching nearly 59%, and then declined sharply afterward, stabilizing at lower levels between 5% and 14% in the most recent quarters. This fluctuation suggests periods of increased liquidity followed by strategic reductions in cash holdings.
- Investments
- Investments as a percentage of total assets generally decreased from about 10% in late 2019 to below 2% in most recent periods, with occasional minor increases. This trend indicates a reduction in investment holdings relative to total assets over time.
- Accounts Receivable, Net
- This item exhibited irregular changes without a clear trend, hovering mostly between 1% and 3%, with some spikes above 3%, reflecting some variability in receivables management or seasonal effects.
- Notes Receivable Held for Investment, Net
- Reported only in recent years, this asset category increased moderately from approximately 1.8% to above 4% of total assets, indicating growing allocations toward notes receivable held for investment purposes.
- Notes Receivable Held for Sale
- These assets appeared sporadically and in very small proportions, generally less than 0.15%, signifying a minor role within total assets.
- Income Taxes Receivable
- The percentage of income taxes receivable remained low and relatively stable, mostly below 1%, with intermittent minor fluctuations, suggesting consistent tax recoverable amounts relative to total assets.
- Prepaid Expenses and Other Current Assets
- This category gradually declined in proportion from nearly 5% in late 2019 to close to 1% in later periods, implying improved efficiency or changes in payment patterns related to prepaid expenses and other current assets.
- Current Assets Before Funds Receivable and Amounts Held for Customers
- A sharp increase was observed early on, peaking around 69% in mid-2020, followed by a significant decrease to below 20% in subsequent periods. Recent values show some recovery, fluctuating between approximately 13% and 24%. These changes suggest a restructuring of current asset composition during these years.
- Funds Receivable and Amounts Held for Customers
- This category initially declined to low single digits but showed a pronounced upward trend starting in late 2022, increasing from about 1.3% to over 19% by mid-2025, signaling an expanded role for these funds in the asset mix.
- Current Assets (Aggregate)
- Current assets as a whole mirrored the early peak and subsequent drop seen in subcategories, with values rising to 73% in mid-2020 then falling to below 15% to 22% in the following years. The latter periods reflect a recovery in current asset proportions, stabilizing around 20% to 38%. This indicates considerable variations in current asset holdings over the examined timeframe.
- Long-term Investments
- Long-term investments showed minor fluctuations but remained very low as a percentage of total assets, generally under 0.6%, suggesting these investments do not constitute a major asset component.
- Property and Equipment, Net
- The share of property and equipment relative to total assets declined from over 12% in 2019 to approximately 2.6% by mid-2025, consistent with a decreasing emphasis on physical assets.
- Operating Lease Right-of-use Assets
- There was a diminishing trend in operating lease right-of-use assets, decreasing from nearly 5% to about 1.5%, indicating either lease terminations or a shift in asset management strategies related to leased properties.
- Goodwill
- Goodwill experienced a marked increase from around 15% in mid-2020 to over 50% by early 2022, maintaining levels between approximately 37% and 52% afterward. This suggests significant acquisitions or revaluations contributing substantially to intangible asset values.
- Acquired Intangible Assets, Net
- These assets represented a small proportion initially but surged markedly from less than 1% before 2021 to approximately 25% by early 2022, later tapering slightly to mid-teens percentages. This trend aligns with goodwill growth, indicating increased intangible asset acquisitions and potentially brand or intellectual property investments.
- Long-term Deferred Income Tax Assets
- The proportion of these assets grew steadily from negligible values to over 3% by mid-2025, reflecting an increasing recognition of deferred tax benefits over the period.
- Other Assets
- Other assets remained a small but stable component, generally around 1% to 3%, with no significant trend discernible.
- Long-term Assets (Aggregate)
- Long-term assets as a percentage of total assets decreased sharply from nearly 49% in late 2019 to around 27% in mid-2020, then rebounded dramatically to over 86% by early 2022. A gradual decline followed, stabilizing near 60% to 70% in recent quarters. This substantial fluctuation parallels the changes observed in goodwill and intangible assets, highlighting a strategic shift toward long-term asset concentration.
- Total Assets
- All relative percentages were calculated as parts of total assets, consistently summing to 100%, ensuring comparability across periods.