Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Common-Size Balance Sheet: Assets

Intuit Inc., common-size consolidated balance sheet: assets

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Jul 31, 2024 Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019
Cash and cash equivalents 11.23 10.25 10.08 16.51 58.93 33.68
Investments 1.45 2.93 1.75 8.43 5.56 9.93
Accounts receivable, net of allowance for doubtful accounts 1.42 1.46 1.61 2.52 1.36 1.38
Notes receivable held for investment, net 2.42 2.47 1.84 0.85 0.00 0.00
Notes receivable held for sale 0.01 0.00 0.00 0.00 0.00 0.00
Income taxes receivable 0.24 0.10 0.34 0.79 0.11 1.03
Prepaid expenses and other current assets 1.14 1.27 1.03 1.19 2.87 4.23
Current assets before funds receivable and amounts held for customers 17.92% 18.49% 16.64% 30.29% 68.84% 50.26%
Funds receivable and amounts held for customers 12.20 1.51 1.55 2.95 4.16 6.94
Current assets 30.12% 20.00% 18.20% 33.24% 73.00% 57.20%
Long-term investments 0.41 0.38 0.35 0.28 0.17 0.21
Property and equipment, net 3.14 3.49 3.20 5.03 6.71 12.41
Operating lease right-of-use assets 1.28 1.69 1.98 2.45 2.07 0.00
Goodwill 43.08 49.60 49.53 36.18 15.13 26.34
Acquired intangible assets, net 18.11 23.11 25.46 20.96 0.26 0.86
Long-term deferred income tax assets 2.17 0.23 0.04 0.05 0.59 0.02
Other assets 1.68 1.50 1.24 1.82 2.06 2.96
Long-term assets 69.88% 80.00% 81.80% 66.76% 27.00% 42.80%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31).

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Intuit Inc. current assets as a percentage of total assets increased from 2022 to 2023 and from 2023 to 2024.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Intuit Inc. property and equipment, net as a percentage of total assets increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Intuit Inc. long-term assets as a percentage of total assets decreased from 2022 to 2023 and from 2023 to 2024.