Stock Analysis on Net
Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Intuit Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Jul 31, 2024 Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019
Short-term debt 1.55 0.00 1.80 0.00 12.24 0.80
Accounts payable 2.24 2.30 2.66 4.02 2.79 4.36
Accrued compensation and related liabilities 2.87 2.39 2.08 3.42 4.41 6.13
Deferred revenue 2.71 3.32 2.91 4.41 5.96 9.85
Income taxes payable 0.02 2.51 0.03 0.02 0.00 0.00
Executive deferred compensation plan liabilities 0.64 0.62 0.53 0.99 1.13 1.72
Interest payable 0.26 0.04 0.00 0.00 0.00 0.00
Current portion of operating lease liabilities 0.22 0.32 0.30 0.43 0.42 0.00
Sales, property, and other taxes 0.15 0.16 0.14 0.03 0.00 0.00
Reserve for returns, credits, and promotional discounts 0.12 0.12 0.11 0.20 0.32 0.56
Accrued settlement for state attorneys general 0.00 0.00 0.51 0.00 0.00 0.00
Other 0.31 0.36 0.46 0.66 0.85 0.94
Other current liabilities 1.71% 1.61% 2.06% 2.31% 2.72% 3.22%
Current liabilities before funds payable and amounts due to customers 11.11% 12.13% 11.53% 14.17% 28.12% 24.35%
Funds payable and amounts due to customers 12.20 1.51 1.55 2.95 4.16 6.94
Current liabilities 23.31% 13.64% 13.09% 17.11% 32.28% 31.29%
Long-term debt 17.24 22.03 23.13 13.11 18.58 6.14
Operating lease liabilities, excluding current portion 1.43 1.73 1.95 2.45 2.02 0.00
Income tax liabilities 0.49 0.27 0.16 0.15 0.09 1.42
Dividend payable 0.06 0.06 0.04 0.05 0.05 0.06
Deferred revenue 0.01 0.02 0.02 0.05 0.12 0.06
Other 0.09 0.09 2.32 3.47 0.14 1.35
Other long-term obligations 0.65% 0.44% 2.55% 3.73% 0.40% 2.90%
Long-term liabilities 19.31% 24.19% 27.63% 19.28% 21.00% 9.04%
Total liabilities 42.62% 37.84% 40.72% 36.39% 53.29% 40.33%
Preferred stock, $0.01 par value; none issued and outstanding 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.01 par value 0.01 0.01 0.01 0.02 0.03 0.05
Additional paid-in capital 63.02 68.49 63.90 67.96 56.53 91.87
Treasury stock, at cost -58.35 -60.37 -53.38 -83.47 -109.13 -184.80
Accumulated other comprehensive loss -0.17 -0.20 -0.22 -0.15 -0.29 -0.57
Retained earnings 52.87 54.24 48.97 79.25 99.58 153.13
Stockholders’ equity 57.38% 62.16% 59.28% 63.61% 46.71% 59.67%
Total liabilities and stockholders’ equity 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 liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Intuit Inc. current liabilities as a percentage of total liabilities and stockholders’ equity increased from 2022 to 2023 and from 2023 to 2024.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Intuit Inc. long-term liabilities as a percentage of total liabilities and stockholders’ equity decreased from 2022 to 2023 and from 2023 to 2024.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Intuit Inc. total liabilities as a percentage of total liabilities and stockholders’ equity decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Intuit Inc. stockholders’ equity as a percentage of total liabilities and stockholders’ equity increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.