Intuit Inc. (NASDAQ:INTU)

The financial data over the 20-year span indicates a consistent upward trend in revenue, operating income, and net income, reflecting overall growth and profitability enhancement.

Net Revenue

Net revenue exhibited steady growth from 2005 to 2014, increasing from $2.038 billion to $4.506 billion. A slight revenue decline occurred in 2015, dropping to $4.192 billion, before resuming an upward trajectory. The periods following 2015 saw significant increases, reaching $16.285 billion by 2024. This marked acceleration in revenue growth from 2016 onward suggests successful expansion efforts or market penetration.

Operating Income

Operating income followed a similar trend, growing from $524 million in 2005 to a peak of $1.314 billion in 2014. The year 2015 experienced a notable decline to $738 million, indicating potential operational challenges or one-time costs that year. Post-2015, operating income recovered strongly and consistently, surpassing previous highs to achieve $3.630 billion by 2024. The ratio of operating income to revenue generally improved, implying increasing operational efficiency and profitability.

Net Income

Net income mirrored the trends in revenue and operating income, growing steadily from $382 million in 2005 to $907 million in 2014. The decline in 2015 was even more pronounced here, dropping to $365 million, potentially reflecting after-tax impacts or extraordinary charges. However, net income rebounded rapidly from 2016 onwards, nearly tripling to reach $2.963 billion in 2024. This strong recovery and growth highlight improved cost management, tax efficiency, or other income drivers.

Overall, the data reveals a pattern of solid growth with a temporary setback in 2015 across all key financial metrics. Following this dip, the company demonstrated resilience and a strong capacity to grow revenues and profits markedly, especially in recent years. The improvements in operating income relative to revenue suggest enhanced operational control, while the net income recovery indicates effective management of expenses and taxes. This long-term upward trend confirms the company's strengthening financial position and growing profitability.

The analysis of financial data over the presented periods reveals distinct trends in both current assets and total assets, indicating the company’s evolving asset base and liquidity position.

Current Assets

Current assets exhibit considerable fluctuations throughout the timeline. Initially, there is a gradual increase from 1,614 million USD in mid-2005 to a peak of 2,621 million USD in mid-2014. Following this, a notable decline occurs, reaching a low of 1,415 million USD by mid-2016. Subsequent years show recovery and growth, with a dramatic surge starting from mid-2019 (3,594 million USD), culminating in a significant rise by mid-2024, where current assets reach 9,678 million USD.

This upward trend in the latter years may indicate enhanced liquidity or accumulation of short-term assets, potentially reflecting strategic adjustments to support operations or growth opportunities. The volatility before 2016 suggests periods of strategic realignment or changing operational demands.

Total Assets

Total assets display a general increasing trajectory with some periods of moderation. From 2,716 million USD in 2005, total assets increase steadily to 5,486 million USD by 2013, followed by a slight decline through 2015 and 2017, dipping to 4,068 million USD. However, post-2017, total assets escalate sharply, reaching 6,283 million USD in 2019 and accelerating dramatically to 32,132 million USD by mid-2024.

This substantial growth in total assets in recent years demonstrates significant expansion, potentially fuelled by acquisitions, capital investments, or retained earnings. The sharp rise post-2017 contrasts with the earlier years' modest growth, indicating a pronounced shift in asset accumulation strategy or operational scale.

Comparatively, the patterns in current assets and total assets highlight an increasingly robust asset base with enhanced liquidity capacity over time. The marked growth in total assets relative to current assets in recent years suggests investments in long-term assets or fixed capital, aligning with strategic growth objectives.

The analysis of the annual financial data reveals distinct trends in the major financial components over the years.

Current Liabilities

Current liabilities show fluctuations throughout the period with a notable increase towards the later years. Starting from approximately 1,003 million in 2005, the figure rose to peaks around the range of 3,500 to 3,790 million in the early 2020s, before a dramatic spike to 7,491 million by 2024. This suggests increasing short-term obligations, especially pronounced in the most recent years, which may indicate expansion activities, increased operational costs, or changes in working capital management.

Total Liabilities

Total liabilities follow a growing trend but with periods of volatility. From a lower base of around 1,021 million in 2005, liabilities roughly doubled until 2011, then somewhat stabilized around 2,500 to 3,000 million until 2015. A sharp increase occurs starting 2020, with values doubling and reaching a peak of 13,696 million by 2024. This substantial rise correlates with the increase in current liabilities, indicating a heavier leverage or increased sourcing of funds through liabilities.

Total Debt

Total debt displayed consistent figures near 998 to 1,000 million between 2007 and 2014, signaling stability in debt levels during this period. However, after 2014, total debt shows considerable fluctuation and an upward trend, spiking to 3,369 million in 2020, then varying but staying elevated around 6,000 to 7,000 million in the subsequent years. The rapid growth in debt suggests strategic borrowing or refinancing activities, possibly to support expansion, acquisitions, or other capital-intensive initiatives.

Stockholders’ Equity

Stockholders' equity presents a general upward trajectory over the observed period. Beginning at 1,695 million in 2005, equity increased steadily with minor declines around 2014 to 2016, dropping to a low near 1,161 million in 2016. Post-2016, equity significantly improved, reaching 18,436 million by 2024. This rise indicates accumulation of retained earnings, successful profitability, or capital infusion that strengthened the company’s financial foundation and net asset value.

Overall, the data indicates an entity experiencing growth phases accompanied by increasing liabilities and debt levels, particularly in the recent years. The surge in liabilities and debt, paired with substantial growth in equity, suggests the company has been leveraging its balance sheet to finance expansion or investments. The high growth in stockholders’ equity reflects improved financial health and potential value creation for shareholders despite the higher leverage. The volatility and sharp increases in liabilities and debt in the latest years warrant close monitoring for risk management and sustainability assessment.

Operating Activities Cash Flow

The net cash provided by operating activities shows a generally positive and upward trend over the years. Starting at $590 million in 2005, there is a steady increase with minor fluctuations until 2014, reaching $1,504 million. Post-2014, a more pronounced growth trend is observable, with significant jumps in 2018 ($2,112 million), 2021 ($3,250 million), and ultimately peaking at $5,046 million in 2023. The slight decline to $4,884 million in 2024 indicates a minor setback but remains at a high level overall. This trend suggests improving operational efficiency and robust cash generation capacity.

Investing Activities Cash Flow

The net cash used in investing activities is predominantly negative, indicating consistent investment outflows. There are significant negative spikes, notably in 2007 (-$1,412 million), 2010 (-$997 million), 2021 (-$3,965 million), and 2022 (-$5,421 million), highlighting periods of aggressive investment or asset acquisition. Some years show reduced outflows or slight positive values (such as 2011 with $497 million and 2016 with $371 million), indicating occasional disposals or reduced investment activity. The trend implies strategic capital allocation toward growth initiatives balanced by occasional asset sales.

Financing Activities Cash Flow

Net cash flows from financing activities exhibit considerable volatility, alternating between inflows and outflows. Notable inflows occur in 2011 ($734 million), 2020 ($2,034 million), and 2022 ($1,732 million), suggesting periods of capital raising or debt issuance. Conversely, major outflows in 2008 (-$587 million), 2012 (-$1,344 million), 2014 (-$1,551 million), 2016 (-$1,940 million), and 2023 (-$4,269 million) indicate significant repayments or shareholder distributions. The pattern reflects an active approach to capital structure management, balancing financing sources and repayments in response to operational and investment needs.

Overall Cash Flow Insights

The company demonstrates strong and rising operational cash flows which support substantial investment spending and active financing activities. The large investment outflows coincide with increases in operating cash, implying reinvestment of operational gains into growth-related assets or acquisitions. Financing cash flow fluctuations likely correspond to strategic financing decisions including debt management or equity adjustments, supporting business expansion while maintaining liquidity. The interplay among these cash flows shows a mature financial strategy focused on growth and value creation while navigating market conditions.

The financial data reflects a general upward trajectory in earnings per share (EPS), both basic and diluted, over the period from 2005 to 2024. Basic EPS started at $1.03 in 2005 and generally increased to a peak of $10.58 in 2024, with some fluctuations along the way. Similarly, diluted EPS rose from $1.01 in 2005 to $10.43 in 2024, following a closely aligned pattern with basic EPS.

Between 2005 and 2014, there is consistent growth in EPS figures with a notable temporary drop in 2015, where basic EPS fell sharply to $1.30 from $3.18 in the prior year, and diluted EPS declined to $1.28 from $3.12. This drop is an anomaly in the otherwise rising trend and may signal an unusual event impacting earnings during that year. After this dip, earnings quickly rebounded and continued to grow robustly.

The dividend per share data, first reported in 2013 at $0.60, exhibits a steady upward trend up to 2024, reaching $3.60. This reflects increasing dividend payments, suggestive of growing profitability and confidence in cash flow stability that supports shareholder returns. The progressive dividend growth implies a strategy aimed at steadily enhancing shareholder value over time.

Basic and Diluted Earnings per Share Trends

Both metrics show long-term growth, demonstrating improved profitability. The temporary earnings drop in 2015 stands out but was followed by a recovery and continued growth thereafter.

Dividend per Share Development

Dividends were introduced in 2013 and have increased consistently each year, indicating a focus on returning value to shareholders in line with earnings improvements.

Overall Insights

The data suggests a company with a solid earnings growth profile and an increasing commitment to dividends, with a single irregularity in earnings around 2015 which was promptly rectified. These financial trends indicate strengthening financial health and enhanced shareholder remuneration over the observed period.