Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Intuit Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

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Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017
Cash and cash equivalents 1,474 1,734 2,848 3,745 1,547 2,125 2,796 3,531 1,257 2,864 2,562 3,164 1,952 5,174 6,442 3,371 1,641 1,630 2,116 2,946 1,075 1,084 1,464 1,614 478 529
Investments 15 537 814 523 524 599 485 373 157 386 1,308 952 786 619 608 600 625 625 624 400 258 248 252 322 248 248
Accounts receivable, net 928 372 405 717 903 384 446 738 889 411 391 554 465 99 149 219 603 104 87 262 554 77 98 309 532 116
Notes receivable held for investment, net 1,001 649 687 700 948 566 509
Notes receivable held for sale 21 9
Income taxes receivable 126 17 29 2 67 88 93 6 241 111 123 4 153 29 12 6 52 86 65 3 70 116 39 2 33 61
Prepaid expenses and other current assets 345 388 354 574 391 324 287 671 571 409 316 305 312 246 314 277 308 304 266 255 253 269 184 179 189 142
Current assets before funds receivable and amounts held for customers 3,910 3,706 5,137 6,261 4,380 4,086 4,616 5,319 3,115 4,181 4,700 4,979 3,668 6,167 7,525 4,473 3,229 2,749 3,158 3,866 2,210 1,794 2,037 2,426 1,480 1,096
Funds receivable and amounts held for customers 3,390 2,525 420 388 376 468 431 539 375 306 457 348 426 484 455 389 461 413 436 383 434 438 367 419 422 319
Current assets 7,300 6,231 5,557 6,649 4,756 4,554 5,047 5,858 3,490 4,487 5,157 5,327 4,094 6,651 7,980 4,862 3,690 3,162 3,594 4,249 2,644 2,232 2,404 2,845 1,902 1,415
Long-term investments 128 107 105 102 108 98 98 98 90 84 43 41 41 28 19 19 13 13 13 13 13 13 13 28 28 31
Property and equipment, net 1,049 1,013 969 938 931 926 888 858 831 789 780 791 792 743 734 745 758 773 780 799 810 805 812 950 984 1,016
Operating lease right-of-use assets 444 457 469 485 508 535 549 425 439 405 380 370 392 232 226 220 297 307
Goodwill 13,779 13,776 13,780 13,778 13,779 13,732 13,736 13,731 13,732 5,613 5,613 5,614 5,598 1,697 1,654 1,653 1,655 1,655 1,655 1,611 1,611 1,610 1,611 1,613 1,615 1,294
Acquired intangible assets, net 6,104 6,261 6,419 6,580 6,737 6,899 7,061 7,224 7,388 3,195 3,252 3,321 3,384 63 28 34 41 49 54 43 49 55 61 68 75 18
Long-term deferred income tax assets 383 214 64 13 12 10 11 8 8 8 8 7 6 60 65
Other assets 501 429 417 376 371 331 344 312 325 289 283 287 291 233 225 231 247 224 187 202 208 213 277 283 294 290
Long-term assets 22,388 22,257 22,223 22,272 22,446 22,531 22,687 22,656 22,813 10,383 10,359 10,431 10,504 3,056 2,951 2,902 3,011 3,021 2,689 2,668 2,691 2,696 2,774 2,942 2,996 2,649
Total assets 29,688 28,488 27,780 28,921 27,202 27,085 27,734 28,514 26,303 14,870 15,516 15,758 14,598 9,707 10,931 7,764 6,701 6,183 6,283 6,917 5,335 4,928 5,178 5,787 4,898 4,064

Based on: 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), 10-K (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-K (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-Q (reporting date: 2017-10-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Intuit Inc. current assets increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Intuit Inc. property and equipment, net increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Intuit Inc. long-term assets increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Intuit Inc. total assets increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Intuit Inc. cash and cash equivalents decreased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Intuit Inc. investments decreased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Intuit Inc. accounts receivable, net decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.