Stock Analysis on Net
Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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 (quarterly data)

US$ in millions

Microsoft Excel
Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 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
Short-term debt
Accounts payable
Accrued compensation and related liabilities
Deferred revenue
Income taxes payable
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
Other long-term obligations
Long-term liabilities
Total liabilities
Preferred stock
Common stock and additional paid-in capital
Treasury stock, at cost
Accumulated other comprehensive loss
Retained earnings
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 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).

Short-term Debt
The short-term debt level remained stable at $50 million from October 2018 through October 2019, then decreased to $38 million in January 2020. A sharp increase to $1.338 billion occurred in July 2020, followed by volatility with values fluctuating around $325 million to $501 million in the more recent quarters. This indicates episodic short-term borrowing spikes, possibly for liquidity or operational needs.
Accounts Payable
Accounts payable showed an overall increasing trend with fluctuations. Starting at $209 million in October 2018, it peaked above $900 million in January 2023, before decreasing somewhat in later quarters. The increase suggests growing vendor obligations, consistent with business expansion or higher operational activity.
Accrued Compensation and Related Liabilities
This liability exhibited a generally upward trajectory from $174 million in late 2018 to $921 million in October 2023. The growth signals rising compensation accruals, possibly due to workforce growth or increased bonuses and incentives over the period.
Deferred Revenue
Deferred revenue experienced variability but overall growth, rising from $513 million in October 2018 to over $1 billion by early 2025. This pattern reflects strengthening revenue recognition deferral, typical of subscription-based or service contracts with advance payments.
Income Taxes Payable
Data for income taxes payable is missing for most quarters except for a few from January 2023 onward, where amounts are generally low but fluctuating. The irregular pattern limits trend analysis.
Other Current Liabilities
Other current liabilities displayed high volatility, ranging from around $200 million initially to over $800 million at times, with sharp increases in some quarters. This volatility indicates fluctuating miscellaneous current obligations possibly linked to operational activities or accrual changes.
Current Liabilities Before Funds Payable
This category climbed from about $1.1 billion in late 2018 to peaks exceeding $4 billion in 2023, indicating a substantial increase in short-term obligations before customer funds are considered. This suggests growing operational scale and accrued liabilities.
Funds Payable and Amounts Due to Customers
There was a significant rise in funds payable starting early 2023, leaping from typical values under $1 billion to over $5.6 billion by late 2024. This sharp increase indicates the company holding more customer funds, possibly due to increased transaction volumes or business model changes.
Current Liabilities
Overall current liabilities rose from $1.6 billion in late 2018 to nearly $10 billion by early 2025, driven by growth in both operational obligations and customer-related payables. This trend corresponds with expanding business activities and increased working capital requirements.
Long-term Debt
Long-term debt was relatively stable around $370 million until early 2020, then a substantial jump to over $2 billion occurred, maintaining this elevated level through early 2021. Starting 2022, long-term debt surged sharply again to above $6.7 billion, followed by some decreases but maintaining a high level near $5.9 billion through 2025. This indicates significant long-term financing increases, likely reflecting strategic investments or capital structure changes.
Operating Lease Liabilities
Data for operating lease liabilities appear starting in mid-2019, with gradual increases and some fluctuations centered between $200 million to over $600 million by early 2025. This steady growth may indicate ongoing commitments under lease agreements.
Other Long-term Obligations
Other long-term obligations fluctuated moderately between roughly $44 million and $700 million, with peaks around 2021 and decreases thereafter. This variability suggests changes in deferred liabilities or less predictable long-term commitments.
Long-term Liabilities
Long-term liabilities more than doubled from about $560 million in late 2018 to a substantial peak exceeding $7.7 billion in late 2021, followed by some decline but staying elevated above $6.8 billion into early 2025. This points to expanded long-term financing and obligations.
Total Liabilities
Total liabilities increased markedly from $2.1 billion in late 2018 to a peak over $16 billion by late 2024. Relative stability with slight dips occurred in 2023, but the overall trend was upward, highlighting significant growth in both current and long-term obligations.
Common Stock and Additional Paid-in Capital
Common stock equity steadily increased from $5.5 billion in late 2018 to over $21 billion by early 2025. This consistent growth reflects ongoing equity financing, retained earnings capitalization, or stock issuances.
Treasury Stock
Treasury stock at cost grew increasingly negative, from approximately -$11.1 billion in late 2018 to nearly -$21 billion by early 2025, indicating substantial stock repurchases over the period, which reduces outstanding shares and signals capital return strategies.
Accumulated Other Comprehensive Loss
This deficit fluctuated moderately, ranging between -$23 million and -$87 million, without a clear directional trend, reflecting modest changes in unrealized losses or foreign currency translation impacts.
Retained Earnings
Retained earnings showed a generally upward trend from around $8.5 billion in late 2018 to nearly $20 billion by early 2025, with some periods of slight decline or plateau. This increase evidences cumulative profitability and reinvestment over the years.
Stockholders’ Equity
Equity expanded from roughly $2.8 billion in late 2018 to over $20 billion in early 2025, mirroring growth in capital stock and retained earnings, albeit partially offset by treasury stock increases and comprehensive loss. The upward trend indicates strengthening capital base.
Total Liabilities and Stockholders’ Equity
The total capital structure expanded substantially from just under $5 billion in late 2018 to approximately $36.6 billion by early 2025, consistent with significant growth in liabilities and equity, implying expansion in asset base and operational scale.