Stock Analysis on Net
Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

$24.99

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company 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 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.

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

US$ in millions

Microsoft Excel
3 months ended: 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
Net income
Depreciation
Amortization of acquired intangible assets
Non-cash operating lease cost
Share-based compensation expense
Deferred income taxes
Other
Adjustments
Originations and purchases of loans held for sale
Sales and principal repayments of loans held for sale
Accounts receivable
Income taxes receivable
Prepaid expenses and other assets
Accounts payable
Accrued compensation and related liabilities
Deferred revenue
Income taxes payable
Operating lease liabilities
Other liabilities
Changes in operating assets and liabilities
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Net cash provided by (used in) operating activities
Purchases of corporate and customer fund investments
Sales of corporate and customer fund investments
Maturities of corporate and customer fund investments
Net change in customer fund deposits
Purchases of property and equipment
Acquisitions of businesses, net of cash acquired
Originations and purchases of loans held for investment
Sales of loans originally classified as held for investment
Principal repayments of loans held for investment
Other
Net cash (used in) provided by investing activities
Proceeds from issuance of long-term debt, net of discount and issuance costs
Repayments of debt
Proceeds from borrowings under unsecured revolving credit facility
Repayments on borrowings under unsecured revolving credit facility
Proceeds from borrowings under secured revolving credit facility
Repayments on borrowings under secured revolving credit facilities
Proceeds from issuance of stock under employee stock plans
Payments for employee taxes withheld upon vesting of restricted stock units
Cash paid for purchases of treasury stock
Dividends and dividend rights paid
Net change in funds receivable and funds payable and amounts due to customers
Cash received from a bank partner
Other
Net cash provided by (used in) financing activities
Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents

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).

Net Income
The net income exhibits significant variability over the periods, with notable peaks around April 2021, July 2023, and October 2024, reaching values above 2 billion USD. Negative net income occurred sporadically, notably in July 2019, July 2022, and October 2024, indicating volatility in profitability in some quarters.
Depreciation and Amortization
Depreciation remains relatively stable, fluctuating mildly between 33 million and 51 million USD. In contrast, amortization of acquired intangible assets shows a marked increase starting around January 2021, sustaining high levels above 150 million USD thereafter, which reflects increased intangible asset bases or accelerated amortization schedules.
Share-based Compensation Expense
This expense generally trends upward with fluctuations, increasing from about 100 million USD in 2018 to over 500 million USD by 2024, indicating rising employee compensation costs linked to stock awards.
Deferred Income Taxes
Deferred income taxes display erratic fluctuations, with notable negative spikes around January 2023 and October 2023, suggesting variable tax strategies or timing differences in recognition of tax assets and liabilities.
Non-Cash Operating Lease Cost and Operating Lease Liabilities
Non-cash operating lease costs appear starting mid-2019 and increase gradually, in line with lease accounting changes. Operating lease liabilities similarly show persistent negative balances in later periods, consistent with lease obligations recognition under updated accounting standards.
Accounts Receivable and Other Current Assets/Liabilities
Accounts receivable figures fluctuate considerably between positive and negative values, indicating varying collection and billing cycles or adjustments. Prepaid expenses, other assets, accounts payable, and accrued liabilities also show irregular patterns, reflecting fluctuating operational cash flow timing and working capital management.
Adjustments and Changes in Operating Assets/Liabilities
Adjustments to reconcile net income to cash flow and changes in operating assets and liabilities show considerable volatility each quarter, with some large positive spikes suggesting significant non-cash adjustments or working capital shifts impacting cash flow from operations.
Net Cash Provided by Operating Activities
Operating cash flows are generally positive, with notable exceptional inflows around April 2019, April 2021, July 2022, and July 2024, exceeding 3 billion USD in some quarters. Negative quarters occur intermittently, pointing to timing differences or operational challenges.
Investing Activities
Net cash used in investing activities is largely negative, reflecting consistent investment outflows in property, equipment, acquisitions, and loan originations, with particularly large outflows in early 2021 attributed to significant acquisitions. Some brief positive cash flow periods suggest asset sales or maturities.
Financing Activities
Financing cash flows are highly variable, with major inflows observed in mid-2020 and early 2022, related to debt issuances or equity financing. Substantial outflows occur in other quarters due to repayments of debt, stock repurchases, dividend payments, and employee tax withholdings. The data reflects active management of capital structure and shareholder distributions.
Dividends, Share Repurchases, and Stock Transactions
Dividend payments gradually increase over time, reflecting steady returns to shareholders. Significant buybacks are evident, with large cash outflows for treasury stock purchases especially from 2020 onwards. Proceeds from stock issued under employee plans partially offset these outflows but overall indicate active capital return strategies.
Loans Held for Investment and Held for Sale
Loan portfolios show mixed activity with originations and purchases generally negative, indicating new lending outflows, and principal repayments showing substantial positive inflows, especially in recent years. Sales of loans held for investment also increase in later periods, suggesting active portfolio management.
Cash and Cash Equivalents
Net changes in cash balances demonstrate periods of both significant increases and decreases, reflecting the composite effect of operational cash generation, investing outflows, and financing inflows/outflows. Large cash inflows during mid-2020 and 2024 suggest strong liquidity events or capital raises, while sharp declines in early 2021 suggest significant investing or financing uses.
Overall Trends
The data reveals cyclical fluctuations possibly aligned with seasonal operating patterns. There is an evident progression in intangible asset amortization and share-based compensation expenses, implying growth in intangible asset acquisitions and employee incentives. The company demonstrates active capital management through frequent transactions in debt, equity, and return of capital to shareholders. Variability in net income and operating cash flows suggests exposure to operational and market risks, with periodic spikes in cash flow adjustments reflecting complex underlying financial structuring.