Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Intuit Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016
Short-term debt 0.00 12.24 0.80 0.97 1.23 12.05
Accounts payable 4.02 2.79 4.36 3.44 3.86 4.33
Accrued compensation and related liabilities 3.42 4.41 6.13 7.13 7.37 6.80
Deferred revenue 4.41 5.96 9.85 18.56 21.80 18.85
Executive deferred compensation plan liabilities 0.99 1.13 1.72 1.87 2.04 1.62
Current portion of operating lease liabilities 0.43 0.42 0.00 0.00 0.00 0.00
Reserve for returns and credits 0.14 0.22 0.38 0.19 0.17 0.16
Amounts due for share repurchases 0.11 0.00 0.00 0.00 0.00 0.00
Reserve for promotional discounts and rebates 0.06 0.10 0.18 0.19 0.47 0.33
Current portion of dividend payable 0.06 0.05 0.11 0.19 0.22 0.12
Current portion of license fee payable 0.00 0.00 0.00 0.17 0.25 0.24
Current portion of deferred rent 0.00 0.00 0.10 0.12 0.15 0.14
Interest payable 0.01 0.03 0.00 0.00 0.00 0.26
Other 0.54 0.77 0.73 0.95 1.08 0.92
Other current liabilities 2.33% 2.72% 3.22% 3.69% 4.38% 3.79%
Current liabilities before customer fund deposits 14.17% 28.12% 24.35% 33.78% 38.64% 45.81%
Customer fund deposits 2.95 4.16 6.94 7.09 9.14 7.15
Current liabilities 17.11% 32.28% 31.29% 40.87% 47.79% 52.96%
Long-term debt 13.11 18.58 6.14 7.49 10.77 11.48
Long-term deferred income tax liabilities 3.38 0.02 0.59 0.14 0.17 0.16
Operating lease liabilities, excluding current portion 2.45 2.02 0.00 0.00 0.00 0.00
Long-term income tax liabilities 0.15 0.09 1.42 1.18 1.30 1.27
Long-term dividend payable 0.05 0.05 0.06 0.08 0.10 0.00
Long-term deferred revenue 0.05 0.12 0.06 3.80 4.97 4.80
Long-term deferred rent 0.00 0.00 0.65 0.79 1.06 1.18
Long-term license fee payable 0.00 0.00 0.00 0.00 0.20 0.38
Other 0.08 0.12 0.11 0.19 0.37 0.45
Other long-term obligations 0.34% 0.38% 2.31% 6.04% 7.99% 8.07%
Long-term liabilities 19.28% 21.00% 9.04% 13.67% 18.93% 19.72%
Total liabilities 36.39% 53.29% 40.33% 54.54% 66.72% 72.68%
Preferred stock, $0.01 par value; none issued and outstanding 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.01 par value 0.02 0.03 0.05 0.06 0.07 0.07
Additional paid-in capital 67.96 56.53 91.87 103.03 119.32 104.52
Treasury stock, at cost -83.47 -109.13 -184.80 -213.40 -264.95 -233.86
Accumulated other comprehensive loss -0.15 -0.29 -0.57 -0.68 -0.54 -0.75
Retained earnings 79.25 99.58 153.13 156.45 179.38 157.34
Stockholders’ equity 63.61% 46.71% 59.67% 45.46% 33.28% 27.32%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 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), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Intuit Inc. current liabilities as a percentage of total liabilities and stockholders’ equity increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Intuit Inc. long-term liabilities as a percentage of total liabilities and stockholders’ equity increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Intuit Inc. total liabilities as a percentage of total liabilities and stockholders’ equity increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Intuit Inc. stockholders’ equity as a percentage of total liabilities and stockholders’ equity decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.