Intuit (INTU) FY2015 results: revenue $4.2 billion, down 1.2% on the year
Intuit Inc. (INTU) reported revenue of $4.2 billion for fiscal 2015, the year ended 31 July 2015, down 1.2% on the year before. Net income was $365 million, down 59.8%, and diluted earnings per share $1.28. The figures are the company's own, from the 10-K it filed with the SEC on 1 September 2015.
Revenue
$4.2 billion
-1.2% on the year
FY2008FY2015
Operating margin
17.6%
30.6% a year earlier
FY2008FY2015
Net income
$365 million
-59.8% on the year
FY2008FY2015
Diluted EPS
$1.28
-59.0% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
4,192
4,243
3,946
-1.2%
Cost of revenue
695
603
527
+15.3%
Gross profit
3,497
3,640
3,419
-3.9%
Gross margin
83.4%
85.8%
86.6%
Research and development
798
714
647
+11.8%
Operating income
738
1,300
1,208
-43.2%
Operating margin
17.6%
30.6%
30.6%
Interest expense
27.0
31.0
30.0
-12.9%
Pre-tax income
712
1,300
1,185
-45.2%
Income tax
299
447
378
-33.1%
Effective tax rate
42.0%
34.4%
31.9%
Net income
365
907
858
-59.8%
Net margin
8.7%
21.4%
21.7%
Diluted EPS
$1.28
$3.12
$2.83
-59.0%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,589
1,446
1,366
+9.9%
Capital expenditure
142
104
129
+36.5%
Free cash flow
1,447
1,342
1,237
+7.8%
Free cash flow margin
34.5%
31.6%
31.3%
Cash from investing
-182
-49.0
-485
Cash from financing
-1,422
-1,551
-262
Depreciation and amortisation
169
151
183
+11.9%
Share-based compensation
257
204
195
+26.0%
Buybacks
1,245
1,577
292
-21.1%
Dividends paid
283
220
203
+28.6%
Dividend per share
$1.00
$0.76
$0.68
+31.6%
Diluted shares, weighted
286m
291m
303m
-1.7%
Shares outstanding at period end
278m
285m
300m
-2.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,332
3,078
3,531
-24.2%
Short-term borrowings
0.0
n/a
n/a
Debt
500
499
499
+0.2%
Other liabilities
2,136
1,624
1,456
+31.5%
Total liabilities and equity
4,968
5,201
5,486
-4.5%
Fixed assets
682
589
555
+15.8%
Goodwill
1,266
1,323
1,100
-4.3%
Intangible assets
87.0
133
149
-34.6%
Investments
916
1,096
735
-16.4%
Cash and equivalents
808
849
1,009
-4.8%
Receivables
91.0
115
130
-20.9%
Other assets
1,118
1,096
1,808
+2.0%
Total assets
4,968
5,201
5,486
-4.5%
10-K for the year ended 31 July 2015, filed 1 September 2015: the filing.