Stock Analysis on Net
Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Cash Flow Statement
Quarterly Data

Beginner level

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Intuit Inc., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
3 months ended: 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 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
Net income (loss) 1,464  20  198  445  1,084  240  57  (44) 1,378  189  34  49  1,200  (21) (17) 24  964  13  (30) (40) 1,026  24  (31) 14  501  (66) (84)
Depreciation 45  40  37  44  47  49  49  52  48  48  51  55  56  57  60  58  55  52  49  50  51  49  45  42  40  39  36 
Amortization of acquired intangible assets 68  51  13  11  10  19  19  18  18 
Non-cash operating lease cost 17  15  13  14  14  16  16  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Goodwill and intangible asset impairment charges —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  34  263  —  — 
Share-based compensation expense 218  180  111  114  103  107  111  98  98  100  105  99  92  94  97  85  71  81  89  81  63  68  69  73  62  61  61 
Pre-tax gain on sale of discontinued operations —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (354) —  —  —  —  —  — 
Loss on sale of long-lived assets —  —  —  —  —  —  —  —  —  —  —  79  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Deferred income taxes 58  (6) 17  (77) (72) (12) (18) 37  (23) (12) (9) 27  25  10  (11) 44  (5) (22) (9) 30  51  (9) (2) (97) 13  (10) (6)
Tax benefit from share-based compensation plans —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  29  10  11  34  13  20  18 
Excess tax benefit from share-based compensation plans —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (29) (10) (11) (9) (34) (13) (20) (18)
Other (1) (32) (16) (16) 18  —  (8) —  10  (22) 12 
Adjustments 405  248  171  85  117  168  170  197  135  147  155  274  173  171  153  195  130  122  136  180  (177) 117  132  78  375  115  121 
Originations of loans held for sale —  (43) (566) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Sale and principal payments of loans held for sale (4) 147  482  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Accounts receivable (89) (225) 47  73  384  (500) (16) 176  291  (477) 21  211  222  (414) (14) 143  275  (399) (14) 105  306  (403) (28) 100  251  (323) (4)
Income taxes receivable 150  (65) (17) (5) 45  35  (22) (62) 68  46  (47) (63) 31  29  (63) 40  17  (38) (15) 105  (9) (17) (76) 137  (54) (56)
Prepaid expenses and other assets 56  (25) (38) 24  27  (19) (63) (7) 24  18  (72) 29  (41) (25) (14) 63  (8) (50) 11  (29) 15  (3)
Accounts payable 107  145  (58) (78) (64) 180  (5) (115) (5) 186  24  (148) (16) 115  61  (104) 11  95  (2) (100) (26) 109  (6) (90) 84  32 
Accrued compensation and related liabilities 147  (21) (248) 132  89  59  (180) 71  91  45  (191) 83  81  58  (147) 57  36  65  (148) 58  31  45  (145) 53  50  60  (139)
Deferred revenue (103) 175  (85) 23  (36) 119  (68) 46  (65) 127  (69) (54) (76) 295  (99) (47) (120) 317  (67) (21) (83) 350  (54) (9) (32) 411  28 
Income taxes payable 206  —  —  (322) 322  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Operating lease liabilities (18) (15) (12) (19) (14) (14) (14) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other liabilities 58  44  (17) 13  (17) 49  14  (384) 331  60  (395) 331  60  (481) 403  70  (482) 417  62  (19) (292) 178  123  (13)
Changes in operating assets and liabilities 514  13  (428) (159) 736  (91) (354) (275) 735  (332) (360) 602  102  (214) (509) 708  157  (311) (450) 753  165  (298) (310) 599  316  (155)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities 920  259  (153) (158) 853  77  (184) (78) 870  152  (177) (86) 775  273  (61) (314) 838  279  (175) (270) 576  282  (166) (232) 974  431  (34)
Net cash provided by (used in) operating activities 2,384  279  45  287  1,937  317  (127) (122) 2,248  341  (143) (37) 1,975  252  (78) (290) 1,802  292  (205) (310) 1,602  306  (197) (218) 1,475  365  (118)
Purchases of corporate and customer fund investments (369) (337) (198) (214) (130) (150) (207) (373) (226) (83) (70) (104) (166) (51) (86) (66) (85) (76) (125) (345) (408) (64) (117) (154) (166) (254) (365)
Sales of corporate and customer fund investments 63  59  30  25  32  20  53  24  18  33  41  19  30  38  27  16  18  298  175  48  940  86  76  311  147 
Maturities of corporate and customer fund investments 136  109  156  188  121  131  156  128  69  65  41  149  71  20  46  33  71  57  22  27  34  62  64  69  78  99  229 
Net change in cash and cash equivalents held to satisfy customer fund obligations —  —  —  —  —  —  —  —  —  —  —  52  (102) 53  (50) (22) 93  —  (25) (10) (8) 24  (69)
Net change in customer fund deposits —  —  —  —  —  —  —  53  (51) (4) 71  (52) (2) 102  (53) 50  (2) (2) 22  (68) —  25  10  (24) (4) 69 
Purchases of property and equipment (30) (33) (38) (30) (39) (30) (38) (26) (49) (45) (35) (27) (20) (27) (50) (52) (46) (46) (86) (73) (55) (324) (70) (78) (67) (61) (55)
Acquisitions of businesses, net of cash acquired (19) (2,960) (85) —  —  —  —  (64) —  —  —  —  (1) (362) —  —  —  —  —  —  —  —  —  —  (19) (67) (9)
Proceeds from divestiture of businesses —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  463  —  —  —  —  —  — 
Originations of term loans to small businesses (65) (59) (11) (3) (74) (85) (81) (81) (83) (76) (76) (60) (37) (28) (12) —  —  —  —  —  —  —  —  —  —  —  — 
Principal repayments of term loans from small businesses 33  24  29  58  74  76  79  79  72  64  52  38  26  14  —  —  —  —  —  —  —  —  —  —  —  — 
Other (11) 61  (13) (10) (1) (19) (5) (10) 19  (7) (15) (5) (21) (8) (11) (16) (1) (10) 38  (2) (8)
Net cash (used in) provided by investing activities (262) (3,136) (130) 14  (15) (39) (57) (265) (260) (61) 20  56  (102) (411) (75) (63) (65) (55) 98  (207) 85  (323) 816  (87) (60) 26  (61)
Proceeds from issuance of long-term debt, net of discount and issuance costs —  —  —  1,983  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  500  —  —  —  —  —  — 
Proceeds from borrowings under unsecured revolving credit facility —  —  —  1,000  —  —  —  —  —  —  —  —  —  400  400  —  —  50  100  —  250  395  350  —  —  —  — 
Repayments on borrowings under unsecured revolving credit facility —  —  (1,000) —  —  —  —  —  —  —  —  —  (640) (160) —  —  (150) —  —  —  (995) —  —  —  —  —  — 
Proceeds from borrowings under secured revolving credit facility —  —  —  —  —  —  —  —  48  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Repayment of debt (325) —  (13) (12) (13) (12) (13) (12) (13) (12) (13) (12) (13) (12) (13) (12) (500) —  —  —  —  —  —  —  —  —  — 
Proceeds from issuance of stock under employee stock plans 29  20  88  51  39  58  63  53  77  34  120  90  55  67  83  76  64  43  43  72  40  38  47  (22) 28  54  47 
Payments for employee taxes withheld upon vesting of restricted stock units (77) (69) (99) (116) (24) (33) (71) (158) (17) (13) (63) (141) (9) (10) (39) (92) (10) (6) (45) (72) (7) (6) (23) —  —  —  — 
Cash paid for purchases of treasury stock (378) (164) —  —  (45) (138) (140) (148) (134) (179) (95) —  (19) (85) (168) (366) (90) (208) (175) (74) (465) (472) (1,253) (11) (680) (440) (114)
Dividends and dividend rights paid (161) (163) (158) (142) (139) (139) (141) (127) (123) (122) (129) (102) (100) (100) (105) (88) (88) (88) (89) (80) (77) (79) (82) (71) (69) (69) (74)
Net change in customer fund deposits (78) (58) 29  66  (72) 48  (23) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Excess tax benefit from share-based compensation plans —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  29  10  11  34  13  20  18 
Other (2) —  —  —  —  (1) —  (1) (2) (3) (2) —  (1) —  —  (1) —  —  —  (1) (5) —  —  (1) —  —  — 
Net cash provided by (used in) financing activities (992) (434) (1,153) 2,830  (254) (217) (325) (393) (164) (295) (182) (165) (727) 100  158  (483) (774) (209) (166) (126) (749) (113) (952) (71) (708) (435) (123)
Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents 11  (1) (10) (2) —  (4) (4) (4) (10) (5) 15  (5) (5) (8) 17  (10) (1) (9) (16) (5)
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents 1,134  (3,280) (1,239) 3,137  1,658  59  (509) (777) 1,820  (13) (309) (150) 1,136  (51) —  (821) 958  32  (278) (651) 955  (140) (334) (385) 711  (60) (307)

Based on: 10-Q (filing date: 2021-05-25), 10-Q (filing date: 2021-02-23), 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).

Cash flow statement item Description The company
Net cash provided by (used in) operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Intuit Inc.’s net cash provided by (used in) operating activities increased from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
Net cash (used in) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Intuit Inc.’s net cash (used in) provided by investing activities decreased from Q1 2021 to Q2 2021 but then increased from Q2 2021 to Q3 2021 not reaching Q1 2021 level.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Intuit Inc.’s net cash provided by (used in) financing activities increased from Q1 2021 to Q2 2021 but then slightly decreased from Q2 2021 to Q3 2021 not reaching Q1 2021 level.