Stock Analysis on Net
Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

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Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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

Microsoft Excel
Jul 31, 2025 Jul 31, 2024 Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020
Short-term debt
Accounts payable
Accrued compensation and related liabilities
Deferred revenue
Executive deferred compensation plan liabilities
Interest payable
Current portion of operating lease liabilities
Sales, property, and other taxes
Reserve for returns, credits, and promotional discounts
Accrued settlement for state attorneys general
Other
Other current liabilities
Current liabilities before funds payable and amounts due to customers
Funds payable and amounts due to customers
Current liabilities
Long-term debt
Operating lease liabilities, excluding current portion
Income tax liabilities
Other
Other long-term obligations
Long-term liabilities
Total liabilities
Preferred stock, $0.01 par value; none issued and outstanding
Common stock, $0.01 par value
Additional paid-in capital
Treasury stock, at cost
Accumulated other comprehensive loss
Retained earnings
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2025-07-31), 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31).

Short-term debt
Short-term debt shows a significant decline from 12.24% in 2020 to 1.55% in 2024, with some intermittent missing data. This indicates reduced reliance on short-term borrowing relative to total liabilities and stockholders’ equity.
Accounts payable
Accounts payable fluctuates modestly, decreasing from 2.79% in 2020 to 2.14% in 2025, with a peak at 4.02% in 2021, suggesting a generally stable and slightly declining trend in payables as a proportion of total liabilities and equity.
Accrued compensation and related liabilities
There is a gradual decline from 4.41% in 2020 to 2.32% in 2025, with some fluctuation mid-period, which may reflect changes in employee-related expenses or compensation structures relative to the company's funding base.
Deferred revenue
Deferred revenue shows a consistent downward trend from 5.96% in 2020 to a lower level around 2.76% by 2025, indicating a reduction in prepaid or unearned revenues over the periods measured.
Executive deferred compensation plan liabilities
This liability decreases from 1.13% in 2020 to a stable range near 0.67% by 2025, suggesting limited change in executive-related deferred compensation obligations.
Interest payable
Interest payable appears only from 2023 onwards, rising initially to 0.26% in 2024 and slightly decreasing to 0.23% in 2025, indicating new or increased short-term interest obligations in recent years.
Current portion of operating lease liabilities
A declining trend is observed, from 0.42% in 2020 to 0.19% in 2025, showing diminishing short-term lease liabilities relative to the company’s total funding.
Sales, property, and other taxes
Starting from a minimal 0.03% in 2021, this liability grows to about 0.15% by 2024 and remains stable through 2025, indicating a slight increase in tax-related current liabilities.
Reserve for returns, credits, and promotional discounts
This reserve declines steadily from 0.32% in 2020 to 0.11% in 2025, reflecting a reduction in provisions for customer-related return and discount liabilities.
Accrued settlement for state attorneys general
A noticeable value of 0.51% appears only in 2022, with absence in other years, suggesting a one-time or irregular liability recognized during that year.
Other current liabilities
Other current liabilities show fluctuation, reaching a notable peak of 4.13% in 2023 before decreasing to about 1.69% in 2025, indicating some transient or exceptional current liabilities within this category.
Current liabilities before funds payable and amounts due to customers
This aggregate measure decreases from 28.12% in 2020 to 8.91% in 2025, showing a marked reduction in short-term liabilities excluding customer-related funds over time.
Funds payable and amounts due to customers
Contrary to other current liabilities, this category sharply increases from 4.16% in 2020 to a significant 19.15% by 2025, suggesting a growing obligation to customers or related parties, possibly connected to business expansion or changes in operational structure.
Current liabilities
Overall current liabilities decline from 32.28% in 2020 to 13.64% in 2023, then rise sharply to 28.06% in 2025, largely influenced by the increase in funds payable and amounts due to customers.
Long-term debt
Long-term debt shows volatility, dropping from 18.58% in 2020 to 13.11% in 2021, rising sharply to 23.13% in 2022, then gradually declining to 16.16% by 2025, indicating fluctuating long-term borrowing levels.
Operating lease liabilities, excluding current portion
There is a slight downward trend from 2.02% in 2020 to 1.62% in 2025, reflecting a moderate decrease in long-term lease commitments.
Income tax liabilities
Income tax liabilities increase steadily from 0.09% in 2020 to 0.64% in 2025, suggesting growing tax obligations over the time period.
Other long-term obligations
Other long-term obligations exhibit variability, peaking at 3.73% in 2021 and stabilizing around 0.83% in 2025 after a decline, indicating fluctuating but generally low levels of other liabilities.
Long-term liabilities
Long-term liabilities fluctuate between 21.0% and 18.61%, with a peak of 27.63% in 2022, showing some instability but an overall moderate downward trend towards the end of the period.
Total liabilities
Total liabilities decline sharply from 53.29% in 2020 to 36.39% in 2021, then increase gradually to 46.67% in 2025, indicating an initial deleveraging followed by progressive accumulation of liabilities relative to the capital base.
Common stock
Common stock remains nearly constant at about 0.01%-0.03% of total liabilities and stockholders’ equity, showing negligible changes in par value.
Additional paid-in capital
Additional paid-in capital rises from 56.53% in 2020 to a peak of 68.49% in 2023, then declines to 58.53% in 2025, indicating fluctuations in contributed capital, possibly from equity issuances or buybacks.
Treasury stock, at cost
Treasury stock shows a steady decline in negative proportion from -109.13% in 2020 to around -58% by 2025, suggesting a substantial reduction in treasury stock holdings or cost over time, thereby improving net equity.
Accumulated other comprehensive loss
This loss decreases slightly in magnitude, from -0.29% in 2020 to -0.14% in 2025, indicating a small reduction in accumulated unrealized losses or negative comprehensive income items.
Retained earnings
Retained earnings decline notably from 99.58% in 2020 to below 53.22% in 2025, reflecting either significant distributions, losses, or accounting changes impacting earnings retained in the business relative to the total capital structure.
Stockholders’ equity
Stockholders’ equity rises from 46.71% in 2020 to 63.61% in 2021, then gradually decreases to 53.33% in 2025, indicating an initial strengthening of equity positions, followed by moderate erosion over subsequent years.
Total liabilities and stockholders’ equity
This sum remains constant at 100% across all years, as expected, validating the proportional representation of components within the total capital structure.