Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)


Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

Microsoft Excel LibreOffice Calc
Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016
Short-term debt
Accounts payable
Accrued compensation and related liabilities
Deferred revenue
Executive deferred compensation plan liabilities
Current portion of operating lease liabilities
Reserve for returns and credits
Amounts due for share repurchases
Reserve for promotional discounts and rebates
Current portion of dividend payable
Current portion of license fee payable
Current portion of deferred rent
Interest payable
Other current liabilities
Current liabilities before customer fund deposits
Customer fund deposits
Current liabilities
Long-term debt
Long-term deferred income tax liabilities
Operating lease liabilities, excluding current portion
Long-term income tax liabilities
Long-term dividend payable
Long-term deferred revenue
Long-term deferred rent
Long-term license fee payable
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: 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 increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Intuit Inc. long-term liabilities increased from 2019 to 2020 and 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 increased from 2019 to 2020 but then slightly decreased 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 increased from 2019 to 2020 and from 2020 to 2021.