Intuit (INTU) FY2016 results: revenue $4.7 billion, up 12.0% on the year
Intuit Inc. (INTU) reported revenue of $4.7 billion for fiscal 2016, the year ended 31 July 2016, up 12.0% on the year before. Net income was $979 million, up 168.2%, and diluted earnings per share $3.69. The figures are the company's own, from the 10-K it filed with the SEC on 31 August 2018.
Revenue
$4.7 billion
+12.0% on the year
FY2009FY2016
Operating margin
26.5%
17.6% a year earlier
FY2009FY2016
Net income
$979 million
+168.2% on the year
FY2009FY2016
Diluted EPS
$3.69
+188.3% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
4,694
4,192
4,243
+12.0%
Cost of revenue
730
695
603
+5.0%
Gross profit
3,964
3,497
3,640
+13.4%
Gross margin
84.4%
83.4%
85.8%
Research and development
881
798
714
+10.4%
Operating income
1,242
738
1,300
+68.3%
Operating margin
26.5%
17.6%
30.6%
Interest expense
35.0
27.0
31.0
+29.6%
Pre-tax income
1,203
712
1,300
+69.0%
Income tax
397
299
447
+32.8%
Effective tax rate
33.0%
42.0%
34.4%
Net income
979
365
907
+168.2%
Net margin
20.9%
8.7%
21.4%
Diluted EPS
$3.69
$1.28
$3.12
+188.3%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,460
1,589
1,446
-8.1%
Capital expenditure
416
142
104
+193.0%
Free cash flow
1,044
1,447
1,342
-27.9%
Free cash flow margin
22.2%
34.5%
31.6%
Cash from investing
371
-182
-49.0
Cash from financing
-1,999
-1,422
-1,551
Depreciation and amortisation
207
169
151
+22.5%
Share-based compensation
281
257
204
+9.3%
Buybacks
2,264
1,245
1,577
+81.8%
Dividends paid
318
283
220
+12.4%
Dividend per share
$1.20
$1.00
$0.76
+20.0%
Diluted shares, weighted
265m
286m
291m
-7.3%
Shares outstanding at period end
258m
278m
285m
-7.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,492
2,332
3,078
-36.0%
Short-term borrowings
n/a
0.0
n/a
Debt
1,000
500
499
+100.0%
Other liabilities
1,758
2,136
1,624
-17.7%
Total liabilities and equity
4,250
4,968
5,201
-14.5%
Fixed assets
1,031
682
589
+51.2%
Goodwill
1,282
1,266
1,323
+1.3%
Intangible assets
44.0
87.0
133
-49.4%
Investments
470
916
1,096
-48.7%
Cash and equivalents
638
808
849
-21.0%
Receivables
108
91.0
115
+18.7%
Other assets
677
1,118
1,096
-39.4%
Total assets
4,250
4,968
5,201
-14.5%
10-K for the year ended 31 July 2016, filed 31 August 2018: the filing.