Intuit (INTU) FY2017 results: revenue $5.2 billion, up 10.7% on the year
Intuit Inc. (INTU) reported revenue of $5.2 billion for fiscal 2017, the year ended 31 July 2017, up 10.7% on the year before. Net income was $985 million, up 0.6%, and diluted earnings per share $3.78. The figures are the company's own, from the 10-K it filed with the SEC on 31 August 2018.
Revenue
$5.2 billion
+10.7% on the year
FY2010FY2017
Operating margin
27.3%
26.5% a year earlier
FY2010FY2017
Net income
$985 million
+0.6% on the year
FY2010FY2017
Diluted EPS
$3.78
+2.4% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
5,196
4,694
4,192
+10.7%
Cost of revenue
797
730
695
+9.2%
Gross profit
n/a
3,964
3,497
Gross margin
n/a
84.4%
83.4%
Research and development
998
881
798
+13.3%
Operating income
1,418
1,242
738
+14.2%
Operating margin
27.3%
26.5%
17.6%
Interest expense
31.0
35.0
27.0
-11.4%
Pre-tax income
1,390
1,203
712
+15.5%
Income tax
405
397
299
+2.0%
Effective tax rate
29.1%
33.0%
42.0%
Net income
985
979
365
+0.6%
Net margin
19.0%
20.9%
8.7%
Diluted EPS
$3.78
$3.69
$1.28
+2.4%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,599
1,460
1,589
+9.5%
Capital expenditure
102
416
142
-75.5%
Free cash flow
1,497
1,044
1,447
+43.4%
Free cash flow margin
28.8%
22.2%
34.5%
Cash from investing
-17.0
371
-182
Cash from financing
-1,632
-1,999
-1,422
Depreciation and amortisation
216
207
169
+4.3%
Share-based compensation
326
281
257
+16.0%
Buybacks
839
2,264
1,245
-62.9%
Dividends paid
353
318
283
+11.0%
Dividend per share
$1.36
$1.20
$1.00
+13.3%
Diluted shares, weighted
261m
265m
286m
-1.5%
Shares outstanding at period end
256m
258m
278m
-0.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,699
1,492
2,332
+13.9%
Short-term borrowings
n/a
n/a
0.0
Debt
488
1,000
500
-51.2%
Other liabilities
1,881
1,758
2,136
+7.0%
Total liabilities and equity
4,068
4,250
4,968
-4.3%
Fixed assets
1,030
1,031
682
-0.1%
Goodwill
1,295
1,282
1,266
+1.0%
Intangible assets
22.0
44.0
87.0
-50.0%
Investments
279
470
916
-40.6%
Cash and equivalents
529
638
808
-17.1%
Receivables
103
108
91.0
-4.6%
Other assets
810
677
1,118
+19.6%
Total assets
4,068
4,250
4,968
-4.3%
10-K for the year ended 31 July 2017, filed 31 August 2018: the filing.