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Intuit Inc. (INTU)


Common-Size Income Statement

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Intuit Inc., Common-Size Consolidated Income Statement

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12 months ended Jul 31, 2018 Jul 31, 2017 Jul 31, 2016 Jul 31, 2015 Jul 31, 2014
Product 24.51 26.58 27.46 27.34 33.78
Service and other 75.49 73.42 72.54 72.66 66.22
Net revenue 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of product revenue -1.88 -2.32 -2.79 -3.32 -3.13
Cost of service and other revenue -14.25 -13.08 -12.76 -13.26 -11.12
Amortization of acquired technology -0.25 -0.23 -0.47 -0.72 -0.58
Cost of revenue -16.38% -15.63% -16.02% -17.29% -14.82%
Gross profit 83.62% 84.37% 83.98% 82.71% 85.18%
Selling and marketing -27.40 -27.43 -27.46 -30.73 -28.43
Research and development -19.89 -19.28 -18.77 -19.04 -16.82
General and administrative -11.13 -10.68 -11.04 -11.52 -10.32
Amortization of other acquired intangible assets -0.10 -0.04 -0.26 -0.29 -0.44
Goodwill and intangible asset impairment charges 0.00 0.00 0.00 -3.53 0.00
Operating income from continuing operations 25.10% 26.95% 26.46% 17.60% 29.16%
Interest expense -0.34 -0.60 -0.75 -0.64 -0.69
Interest and other income (expense), net 0.44 0.06 -0.09 0.02 0.69
Income from continuing operations before income taxes 25.20% 26.41% 25.63% 16.98% 29.16%
Income tax provision -4.90 -7.65 -8.46 -7.13 -10.05
Net income from continuing operations 20.31% 18.76% 17.17% 9.85% 19.11%
Net income (loss) from discontinued operations 0.00 0.00 3.69 -1.15 1.02
Net income 20.31% 18.76% 20.86% 8.71% 20.13%

Based on: 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
Operating income from continuing operations The net result for the period of deducting operating expenses from operating revenues. Intuit Inc.’s operating income from continuing operations as a percentage of net revenue increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
Income from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Intuit Inc.’s income from continuing operations before income taxes as a percentage of net revenue increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Intuit Inc.’s net income as a percentage of net revenue declined from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level.