Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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Intuit Inc. pages available for free this week:
- Statement of Comprehensive Income
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Aggregate Accruals
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Intuit Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-K (reporting date: 2025-07-31), 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).
Overall, the company’s total assets exhibited a generally increasing trend over the observed period, although with significant fluctuations. Initial growth from October 2019 to January 2024 was followed by a period of volatility, with a substantial increase in assets between April 2024 and July 2025, and a subsequent decline. A detailed examination of individual asset categories reveals varying patterns.
- Cash and Cash Equivalents
- Cash and cash equivalents demonstrated considerable volatility. A significant increase occurred between October 2019 and July 2020, followed by a decline. Fluctuations continued throughout the period, with a peak in April 2024 and a subsequent decrease. By January 2026, the balance was lower than the initial value in October 2019.
- Investments
- Investments remained relatively stable in the early period, then increased significantly between January 2021 and July 2021. A substantial decrease occurred in October 2021, followed by further fluctuations. A sharp decline occurred in January 2024, with a modest recovery in subsequent periods. The investment balance in January 2026 was significantly lower than in previous years.
- Accounts Receivable, Net
- Accounts receivable experienced a notable increase from October 2019 to January 2020, followed by a decrease. The balance fluctuated throughout the period, with a peak in January 2022 and another in October 2023. A general downward trend was observed in the later periods.
- Notes Receivable
- Notes receivable held for investment and sale were minimal until April 2022, at which point they began to increase substantially. Notes receivable held for investment showed a consistent increase, reaching a peak in January 2026. Notes receivable held for sale remained a small portion of total assets.
- Income Taxes Receivable
- Income taxes receivable fluctuated considerably, with peaks in October 2019, January 2021, and January 2022. The balance generally decreased after January 2022, with some fluctuations.
- Prepaid Expenses and Other Current Assets
- Prepaid expenses and other current assets generally increased over the period, with a significant peak in July 2025. A decline was observed in subsequent periods.
- Funds Receivable and Amounts Held for Customers
- This category showed a general increasing trend, with a substantial increase between October 2023 and January 2024. This represents a significant portion of the total asset increase during that period. A decline was observed in subsequent periods.
- Long-Term Assets
- Long-term investments remained relatively stable. Property and equipment, net, exhibited a gradual increasing trend. Operating lease right-of-use assets increased steadily. Goodwill experienced a dramatic increase in January 2021, followed by relative stability. Acquired intangible assets, net, also showed a substantial increase in January 2021 and remained high throughout the period. Long-term deferred income tax assets increased significantly in the later periods. Other assets showed moderate fluctuations.
The significant increase in goodwill and acquired intangible assets in January 2021 suggests a potential acquisition or significant internal investment. The substantial increase in funds receivable and amounts held for customers in late 2023 and early 2024 warrants further investigation to understand the underlying drivers. The volatility in cash and cash equivalents and investments suggests active cash management and investment strategies.