Stock Analysis on Net
Stock Analysis on Net
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Intuit Inc. (NASDAQ:INTU)

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Income Statement
Quarterly Data

Beginner level

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Intuit Inc., consolidated income statement (quarterly data)

US$ in millions

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3 months ended: 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 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014
Product
Service and other
Net revenue
Cost of product revenue
Cost of service and other revenue
Amortization of acquired technology
Cost of revenue
Gross profit
Selling and marketing
Research and development
General and administrative
Amortization of other acquired intangible assets
Goodwill and intangible asset impairment charges
Operating income (loss) from continuing operations
Interest expense
Interest and other income (expense), net
Income (loss) from continuing operations before income taxes
Income tax (provision) benefit
Net income (loss) from continuing operations
Net income (loss) from discontinued operations
Net income (loss)

Based on: 10-Q (filing date: 2020-11-19), 10-K (filing date: 2020-08-31), 10-Q (filing date: 2020-05-21), 10-Q (filing date: 2020-02-24), 10-Q (filing date: 2019-11-21), 10-K (filing date: 2019-08-30), 10-Q (filing date: 2019-05-23), 10-Q (filing date: 2019-02-22), 10-Q (filing date: 2018-11-20), 10-K (filing date: 2018-08-31), 10-Q (filing date: 2018-05-22), 10-Q (filing date: 2018-02-22), 10-Q (filing date: 2017-11-20), 10-K (filing date: 2017-09-01), 10-Q (filing date: 2017-05-23), 10-Q (filing date: 2017-02-23), 10-Q (filing date: 2016-11-18), 10-K (filing date: 2016-09-01), 10-Q (filing date: 2016-05-24), 10-Q (filing date: 2016-02-25), 10-Q (filing date: 2015-11-20), 10-K (filing date: 2015-09-01), 10-Q (filing date: 2015-05-22), 10-Q (filing date: 2015-02-19), 10-Q (filing date: 2014-11-21).

Income statement item Description The company
Net revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Intuit Inc.’s net revenue decreased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Operating income (loss) from continuing operations The net result for the period of deducting operating expenses from operating revenues. Intuit Inc.’s operating income (loss) from continuing operations decreased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Income (loss) 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 (loss) from continuing operations before income taxes decreased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Intuit Inc.’s net income (loss) decreased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.