Intuit (INTU) FY2012 results: revenue $3.8 billion, up 10.4% on the year
Intuit Inc. (INTU) reported revenue of $3.8 billion for fiscal 2012, the year ended 31 July 2012, up 10.4% on the year before. Net income was $792 million, up 24.9%, and diluted earnings per share $2.60. The figures are the company's own, from the 10-K it filed with the SEC on 13 September 2012.
Revenue
$3.8 billion
+10.4% on the year
FY2008FY2012
Operating margin
30.7%
31.4% a year earlier
FY2008FY2012
Net income
$792 million
+24.9% on the year
FY2008FY2012
Diluted EPS
$2.60
+30.0% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
3,808
3,449
3,403
+10.4%
Cost of revenue
575
481
604
+19.5%
Gross profit
3,233
2,968
n/a
+8.9%
Gross margin
84.9%
86.1%
n/a
Research and development
618
566
564
+9.2%
Operating income
1,168
1,082
904
+7.9%
Operating margin
30.7%
31.4%
26.6%
Interest expense
50.0
60.0
61.0
-16.7%
Pre-tax income
1,138
1,042
856
+9.2%
Income tax
374
354
292
+5.6%
Effective tax rate
32.9%
34.0%
34.1%
Net income
792
634
574
+24.9%
Net margin
20.8%
18.4%
16.9%
Diluted EPS
$2.60
$2.00
$1.77
+30.0%
$ 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
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,246
1,013
998
+23.0%
Capital expenditure
135
114
74.0
+18.4%
Free cash flow
1,111
899
924
+23.6%
Free cash flow margin
29.2%
26.1%
27.2%
Cash from investing
-225
497
-997
Cash from financing
-1,344
-1,006
-467
Depreciation and amortisation
194
173
191
+12.1%
Share-based compensation
169
153
135
+10.5%
Buybacks
900
1,360
900
-33.8%
Dividends paid
178
0.0
0.0
Dividend per share
$0.60
$0.00
$0.00
Diluted shares, weighted
305m
317m
325m
-3.8%
Shares outstanding at period end
295m
301m
314m
-1.8%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
2,744
2,616
2,821
+4.9%
Debt
499
999
998
-50.1%
Other liabilities
1,441
1,495
1,379
-3.6%
Total liabilities and equity
4,684
5,110
5,198
-8.3%
Fixed assets
543
561
510
-3.2%
Goodwill
1,286
960
1,914
+34.0%
Intangible assets
207
180
256
+15.0%
Investments
426
762
1,499
-44.1%
Cash and equivalents
393
722
214
-45.6%
Receivables
142
171
135
-17.0%
Other assets
1,687
1,754
670
-3.8%
Total assets
4,684
5,110
5,198
-8.3%
10-K for the year ended 31 July 2012, filed 13 September 2012: the filing.