← INTUIT INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $979.0m $971.0m $1.2b $1.6b $1.8b $2.1b $2.1b $2.4b $3.0b $3.9b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $806.0m $971.0m $1.2b — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $173.0m $0 $0 — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $173.0m — — — — — — — — —
Amortization $43.0m $22.0m $25.0m $26.0m $29.0m $197.0m $559.0m $646.0m $630.0m $637.0m
Amortization of Intangible Assets $12.0m $2.0m $6.0m $6.0m $6.0m $146.0m $416.0m $483.0m $483.0m $481.0m
Amortization of acquired intangible assets $43.0m $22.0m $25.0m $26.0m $29.0m $197.0m $559.0m $646.0m $630.0m $637.0m
Depreciation $195.0m $214.0m $228.0m $199.0m $189.0m $166.0m $187.0m $160.0m $159.0m $172.0m
Deferred Income Tax Expense (Benefit) $70.0m $8.0m $51.0m ($7.0m) ($179.0m) ($42.0m) $120.0m ($628.0m) ($554.0m) ($435.0m)
Deferred income taxes $70.0m $8.0m $51.0m ($7.0m) ($179.0m) ($42.0m) $120.0m ($628.0m) ($554.0m) ($435.0m)
Goodwill and Intangible Asset Impairment $0 $0 — — — — — — — —
Goodwill, Impairment Loss — — $0 $0 $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets (Excluding Goodwill) — — $0 $0 $0 — — — — —
Payment, Tax Withholding, Share-based Payment Arrangement — $153.0m $199.0m $251.0m $244.0m $383.0m $611.0m $633.0m $1.0b $982.0m
Share-based Payment Arrangement, Noncash Expense $281.0m $326.0m $382.0m $401.0m $435.0m $753.0m $1.3b $1.7b $1.9b $2.0b
Share-based compensation expense $281.0m $326.0m $382.0m $401.0m $435.0m $753.0m $1.3b $1.7b $1.9b $2.0b
Gain (Loss) on Disposition of Assets — — ($79.0m) $0 $0 — — — — —
Income Tax Expense (Benefit) $397.0m $396.0m $292.0m $324.0m $372.0m $494.0m $476.0m $605.0m $587.0m $965.0m
Operating lease liabilities — — $0 $0 ($61.0m) ($66.0m) ($83.0m) ($81.0m) ($71.0m) ($77.0m)
Other Nonoperating Income (Expense) ($4.0m) $3.0m $26.0m $42.0m $36.0m $85.0m $52.0m $96.0m $162.0m $158.0m
Changes in operating assets and liabilities:
Total changes in operating assets and liabilities $170.0m $45.0m $130.0m $133.0m $132.0m ($11.0m) ($436.0m) $601.0m ($429.0m) ($206.0m)
Additional Financial Items
Noncash investing and financing activities:
Accounts payable ($23.0m) $0 $12.0m $90.0m $33.0m $206.0m ($95.0m) ($97.0m) $133.0m $73.0m
Accounts receivable ($20.0m) $5.0m $5.0m $11.0m ($59.0m) ($104.0m) ($31.0m) $42.0m ($52.0m) ($71.0m)
Accrued compensation and related liabilities ($11.0m) $10.0m $75.0m $16.0m $100.0m ($70.0m) ($357.0m) $88.0m $257.0m ($64.0m)
Capitalization of internal use software ($106.0m) ($128.0m) ($86.0m) ($79.0m) ($78.0m) ($72.0m) ($72.0m) ($50.0m) ($59.0m) ($40.0m)
Cash paid for purchases of treasury stock ($2.3b) ($839.0m) ($272.0m) ($556.0m) ($323.0m) ($1.0b) ($1.9b) ($2.0b) ($2.0b) ($2.8b)
Debt Securities, Available-for-sale, Realized Gain (Loss) — — $0 $0 — — — — — —
Deferred revenue $192.0m $83.0m $66.0m $39.0m $38.0m $22.0m $71.0m $111.0m ($49.0m) $142.0m
General and Administrative Expense $518.0m $553.0m $664.0m $597.0m $679.0m $982.0m $1.5b $1.3b $1.4b $1.6b
Goodwill $1.3b $1.3b $1.6b $1.7b $1.7b $5.6b $13.7b $13.8b $13.8b $14.0b
Income taxes receivable $64.0m ($44.0m) ($1.0m) $5.0m $53.0m ($51.0m) $29.0m $64.0m ($48.0m) $27.0m
Increase (Decrease) in Accounts Receivable $20.0m ($5.0m) ($5.0m) ($11.0m) $59.0m $104.0m $31.0m ($42.0m) $52.0m $71.0m
Net change in funds receivable and funds payable and amounts due to customers — — — — $19.0m $2.0m ($56.0m) ($197.0m) $3.4b $3.1b
Originations and purchases of notes receivable held for sale — — $0 $0 ($566.0m) ($41.0m) $0 $0 ($96.0m) $0
Other ($6.0m) ($1.0m) ($1.0m) ($8.0m) ($1.0m) ($2.0m) ($10.0m) ($1.0m) ($2.0m) ($1.0m)
Other liabilities ($22.0m) $0 $4.0m $9.0m $59.0m $22.0m $151.0m ($141.0m) $122.0m $47.0m
Payments for employee taxes withheld upon vesting of restricted stock units ($108.0m) ($153.0m) ($199.0m) ($251.0m) ($244.0m) ($383.0m) ($611.0m) ($633.0m) ($1.0b) ($982.0m)
Prepaid expenses and other assets ($10.0m) ($9.0m) ($31.0m) ($37.0m) ($31.0m) $30.0m ($121.0m) ($75.0m) ($30.0m) ($283.0m)
Principal repayments of notes receivable held for investment — — — — — — $519.0m $1.7b $2.1b $2.7b
Proceeds from Stock Options Exercised — $153.0m $216.0m $197.0m $111.0m $92.0m $40.0m $90.0m $121.0m $234.0m
Proceeds from borrowings under secured revolving credit facilities — — — — — $0 $182.0m $222.0m $180.0m $429.0m
Proceeds from borrowings under unsecured revolving credit facility — $150.0m $800.0m $0 $1.0b $0 $0 $0 $100.0m $0
Proceeds from issuance of stock under employee stock plans $89.0m $226.0m $295.0m $284.0m $211.0m $196.0m $162.0m $228.0m $282.0m $398.0m
Purchases of property and equipment, accrued but unpaid $416.0m $102.0m $38.0m $76.0m $59.0m $53.0m $157.0m $210.0m $191.0m $84.0m
Repayments on borrowings under secured revolving credit facilities — — — — — $0 $0 ($23.0m) ($25.0m) $0
Repayments on borrowings under unsecured revolving credit facility — ($150.0m) ($800.0m) $0 $0 ($1.0b) $0 $0 ($100.0m) $0
Sales and principal repayments of notes receivable held for sale — — $0 $0 $482.0m $143.0m $0 $0 $98.0m $0
Total adjustments $252.0m $583.0m $771.0m $634.0m $540.0m $1.1b $2.3b $2.1b $2.3b $2.5b
Net Cash Provided by (Used in) Operating Activities $1.4b $1.6b $2.1b $2.3b $2.4b $3.2b $3.9b $5.0b $4.9b $6.2b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $416.0m $102.0m $38.0m $76.0m $59.0m $53.0m $157.0m $210.0m $191.0m $84.0m
Acquisitions of businesses, net of cash acquired $0 $0 ($363.0m) ($64.0m) $0 ($3.1b) ($5.7b) ($33.0m) ($83.0m) ($184.0m)
Payments to Acquire Businesses, Net of Cash Acquired $0 $0 $363.0m $64.0m $0 $3.1b $5.7b $33.0m $83.0m $184.0m
Originations and purchases of notes receivable held for investment — — — — — — ($933.0m) ($2.0b) ($2.5b) ($4.0b)
Purchases of corporate and customer fund investments ($934.0m) ($352.0m) ($407.0m) ($752.0m) ($701.0m) ($1.5b) ($830.0m) ($1.0b) ($780.0m) ($2.4b)
Transfers of notes receivable originated or purchased as held for investment to held for sale — — — — — — $0 $0 $231.0m $546.0m
Maturities of corporate and customer fund investments $187.0m $183.0m $286.0m $303.0m $596.0m $550.0m $234.0m $449.0m $676.0m $864.0m
Sales of corporate and customer fund investments $1.2b $359.0m $128.0m $84.0m $130.0m $229.0m $1.5b $240.0m $526.0m $320.0m
Sales of notes receivable originally classified as held for investment — — — — — — $0 $0 $234.0m $562.0m
Payments for (Proceeds from) Other Investing Activities $13.0m $45.0m ($3.0m) $2.0m $29.0m ($30.0m) $24.0m $47.0m $80.0m $107.0m
Net Cash Provided by (Used in) Investing Activities $371.0m ($85.0m) ($532.0m) ($566.0m) ($97.0m) ($4.0b) ($5.4b) ($922.0m) ($227.0m) ($2.3b)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $500.0m $0 $0 $48.0m $0 $0 $182.0m $0 — $0
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $187.0m $183.0m $286.0m $303.0m $596.0m $550.0m $234.0m $449.0m $676.0m $864.0m
Proceeds from issuance of long-term debt, net of discount and issuance costs — — $0 $48.0m $0 $0 $182.0m $0 $4.0b $0
Repayments of Long-term Debt — $512.0m $50.0m $50.0m $50.0m $338.0m $0 $1.0b $4.2b $500.0m
Repayments of debt $0 ($512.0m) ($50.0m) ($50.0m) ($50.0m) ($338.0m) $0 ($1.0b) ($4.2b) ($500.0m)
Payments for Repurchase of Common Stock $2.3b $839.0m $272.0m $556.0m $323.0m $1.0b $1.9b $2.0b $2.0b $2.8b
Dividends Payable — — $14.0m $11.0m $12.0m $17.0m $12.0m $16.0m $19.0m —
Dividends Payable, Current — $9.0m $10.0m $7.0m $6.0m $9.0m $12.0m — — —
Dividends and dividend rights paid ($318) ($353) ($407) ($501) ($561) ($646) ($774) ($889) ($1k) ($1k)
Dividends paid $318.0m $353.0m $407.0m $501.0m $561.0m $646.0m $774.0m $889.0m $1.0b $1.2b
Proceeds from (Payments for) Other Financing Activities ($6.0m) ($1.0m) ($1.0m) ($8.0m) ($1.0m) ($2.0m) ($10.0m) ($1.0m) ($2.0m) ($1.0m)
Net Cash Provided by (Used in) Financing Activities ($1.9b) ($1.6b) ($634.0m) ($1.0b) $2.0b ($3.2b) $1.7b ($4.3b) ($397.0m) ($1.5b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $9.0m ($11.0m) ($3.0m) ($6.0m) $13.0m ($22.0m) $0 ($13.0m) $3.0m
Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents — $9.0m ($11.0m) ($3.0m) ($6.0m) $13.0m ($22.0m) $0 ($13.0m) $3.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $9.0m ($11.0m) $721.0m $4.3b ($3.9b) $178.0m ($145.0m) $4.2b $2.4b
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents — ($41.0m) $930.0m $721.0m $4.3b ($3.9b) $178.0m ($145.0m) $4.2b $2.4b
Cash and cash equivalents $638.0m $529.0m $1.5b $2.1b $6.4b $2.6b $2.8b $2.8b $3.6b $2.9b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $9.0m ($11.0m) $2.4b $6.7b $2.8b $3.0b $2.9b $7.1b $9.5b
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period — $701.0m $1.6b $2.4b $6.7b $2.8b $3.0b $2.9b $7.1b $9.5b
Restricted cash and restricted cash equivalents included in funds receivable and amounts held for customers — $172.0m $167.0m $236.0m $255.0m $257.0m $201.0m $4.0m $3.5b $6.6b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $37.0m $42.0m $19.0m $17.0m $14.0m $30.0m $67.0m $272.0m $200.0m $284.0m
Income taxes paid, net $389.0m $430.0m $245.0m $325.0m $493.0m $578.0m $303.0m $484.0m $1.9b $1.4b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.