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Intuit (INTU) FY2008 results: revenue $3.0 billion

Intuit Inc. (INTU) reported revenue of $3.0 billion for fiscal 2008, the year ended 31 July 2008. Net income was $477 million, and diluted earnings per share $1.41. The figures are the company's own, from the 10-K it filed with the SEC on 16 September 2010.

Revenue
$3.0 billion
FY2008FY2008
Operating margin
21.5%
FY2008FY2008
Net income
$477 million
FY2008FY2008
Diluted EPS
$1.41
FY2008FY2008

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2008Last 8 years
Revenue2,993
Cost of revenue535
Gross profit2,458
Gross margin82.1%
Research and development593
Operating income644
Operating margin21.5%
Interest expense52.0
Pre-tax income690
Income tax243
Effective tax rate35.2%
Net income477
Net margin15.9%
Diluted EPS$1.41
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2008Last 8 years
Operating cash flow830
Capital expenditure262
Free cash flow568
Free cash flow margin19.0%
Cash from investing-87.0
Cash from financing-586
Depreciation and amortisation172
Share-based compensation113
Buybacks800
Diluted shares, weighted339m

Balance sheet

$ millionFY2008Last 8 years
Shareholders' equity2,080
Goodwill1,626
Cash and equivalents413

10-K for the year ended 31 July 2008, filed 16 September 2010: the filing.