Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019
Short-term debt	499)	—)	499)	—)	1,338)	50)
Accounts payable	721)	638)	737)	623)	305)	274)
Accrued compensation and related liabilities	921)	665)	576)	530)	482)	385)
Deferred revenue	872)	921)	808)	684)	652)	619)
Income taxes payable	8)	698)	8)	3)	—)	—)
Executive deferred compensation plan liabilities	207)	171)	147)	153)	123)	108)
Interest payable	84)	12)	—)	—)	—)	—)
Current portion of operating lease liabilities	71)	89)	84)	66)	46)	—)
Sales, property, and other taxes	47)	45)	40)	5)	—)	—)
Reserve for returns, credits, and promotional discounts	40)	32)	31)	31)	35)	35)
Accrued settlement for state attorneys general	—)	—)	141)	—)	—)	—)
Other	100)	99)	128)	103)	93)	59)
Other current liabilities	549)	448)	571)	358)	297)	202)
Current liabilities before funds payable and amounts due to customers	3,570)	3,370)	3,199)	2,198)	3,074)	1,530)
Funds payable and amounts due to customers	3,921)	420)	431)	457)	455)	436)
Current liabilities	7,491)	3,790)	3,630)	2,655)	3,529)	1,966)
Long-term debt	5,539)	6,120)	6,415)	2,034)	2,031)	386)
Operating lease liabilities, excluding current portion	458)	480)	542)	380)	221)	—)
Income tax liabilities	157)	76)	44)	24)	10)	89)
Dividend payable	19)	16)	12)	8)	6)	4)
Deferred revenue	4)	5)	6)	8)	13)	4)
Other	28)	24)	644)	538)	15)	85)
Other long-term obligations	208)	121)	706)	578)	44)	182)
Long-term liabilities	6,205)	6,721)	7,663)	2,992)	2,296)	568)
Total liabilities	13,696)	10,511)	11,293)	5,647)	5,825)	2,534)
Preferred stock, $0.01 par value; none issued and outstanding	—)	—)	—)	—)	—)	—)
Common stock, $0.01 par value	3)	3)	3)	3)	3)	3)
Additional paid-in capital	20,248)	19,026)	17,722)	10,545)	6,179)	5,772)
Treasury stock, at cost	(18,750)	(16,772)	(14,805)	(12,951)	(11,929)	(11,611)
Accumulated other comprehensive loss	(54)	(55)	(60)	(24)	(32)	(36)
Retained earnings	16,989)	15,067)	13,581)	12,296)	10,885)	9,621)
Stockholders’ equity	18,436)	17,269)	16,441)	9,869)	5,106)	3,749)
Total liabilities and stockholders’ equity	32,132)	27,780)	27,734)	15,516)	10,931)	6,283)

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).

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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 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 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 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 increased from 2022 to 2023 and from 2023 to 2024.

Intuit Inc. (NASDAQ:INTU)

Balance Sheet: Liabilities and Stockholders’ Equity