Common-Size Balance Sheet: Assets
Quarterly Data
Intuit Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-10-31), 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 exhibits marked fluctuations throughout the periods. Initial values started moderately high, peaked significantly around mid-2020 reaching nearly 59%, then declined sharply early in 2021 to single digits. Subsequently, the percentage oscillates between approximately 5% and 14%, indicating a variable cash position with notable periods of liquidity concentration followed by declines.
- Investments
- Investments as a percentage of total assets generally show a declining trend over time. Initially noted at around 10%, the share diminished to below 1% by early 2022 before showing slight recoveries that remain modest, mostly below 5%. This suggests a strategic reduction or reallocation from investments relative to other asset categories.
- Accounts Receivable, Net
- Accounts receivable as a share of total assets fluctuates modestly without a clear upward or downward trend. The percentages oscillate typically between 1% and 3%, with occasional spikes up to 9% early on, but no sustained increases, reflecting stable receivable management without significant buildup or reduction.
- Notes Receivable Held for Investment
- This category appears beginning early 2022 with a gradual increase from approximately 1.8% up to nearly 4.6% by late 2025. The upward trend suggests a growing focus on notes receivable held for investment purposes as part of the asset allocation.
- Notes Receivable Held for Sale
- Values in this category remain very low and intermittent, generally well below 0.2%, indicating minimal engagement or significance of notes receivable held for sale in the asset mix.
- Income Taxes Receivable
- The proportion of income taxes receivable fluctuates at low levels mostly below 1%, with occasional small peaks. This suggests periodic but limited balances in income tax receivables relative to total assets, without a systematic increase or decrease over time.
- Prepaid Expenses and Other Current Assets
- This asset category shows a gradual decline as a percentage of total assets, starting near 5% and decreasing to around 1-2% in later periods. This trend points to a smaller relative allocation to prepaid and miscellaneous current assets over time.
- Current Assets Before Funds Receivable and Amounts Held for Customers
- There is a considerable decrease from more than 68% in mid-2020 down to roughly 12-20% in subsequent years, with some variability. This decrease evidences a structural shift from traditional current assets to other asset categories or changes in the nature of current assets held.
- Funds Receivable and Amounts Held for Customers
- After a decline early on, this asset class notably increases from around mid-2023 onwards, climbing substantially from about 1.5% to a peak near 19%, indicating a rising prominence of funds receivable and assets held for customers within the total asset base.
- Current Assets
- The overall share of current assets shows a sharp decline after 2020, dropping from close to 73% to below 14% and then gradually increasing again to about 30% in late 2024 before stabilizing around 20-30%. This reflects a reduced relative weight of current assets, followed by some rebuilding of the current asset base in later periods.
- Long-Term Investments
- Long-term investments maintain a very low and stable proportion throughout, generally under 0.6% of total assets, indicating a consistent but minor allocation to long-term investments.
- Property and Equipment, Net
- There is a notable downward trend in this category, falling from over 12% in late 2019 to around 3% by the later periods. This decline indicates decreased investment or disposals in property and equipment, possibly reflecting asset sales or a shift away from physical assets.
- Operating Lease Right-of-Use Assets
- The share of operating lease right-of-use assets declines from just under 5% to around 1.3-1.8% over time, displaying a reduction in lease-related assets relative to total assets.
- Goodwill
- Goodwill exhibits significant variability. It starts near 27%, dips to approximately 15% around mid-2020, then surges past 50% in early 2022 before gradually declining to just over 37% by late 2025. These changes suggest a considerable impact from acquisitions or revaluations affecting intangible asset recognition.
- Acquired Intangible Assets, Net
- This category increases substantially from below 1% prior to 2020 to over 23% in early 2021, followed by a gradual decrease to about 14-15% by late 2025. The pattern indicates a large acquisition or reclassification event around 2021, with subsequent amortization or write-downs decreasing the balance.
- Long-Term Deferred Income Tax Assets
- Long-term deferred income tax assets grow steadily from negligible initial values to over 3.5% by late 2025. This upward trend points to increasing long-term tax assets recognized on the balance sheet, possibly due to timing differences or deferred tax considerations.
- Other Assets
- Other assets remain relatively minor and stable in proportion, fluctuating between about 1% and 3%, without a clear trend of increase or decrease.
- Long-Term Assets
- The percentage of long-term assets shows significant fluctuations, starting near 49% in 2019, dropping to 27% in mid-2020, and rising sharply to over 80% in the years following, including a peak near 87% in 2021. Afterwards, it declines somewhat but remains predominantly above 60%, indicating a strategic emphasis on long-term asset holdings after mid-2020.
- Total Assets
- Total assets consistently represent 100% by definition, serving as the basis for ratio calculations.