The following tables show Intuit's consolidated financial information for the past five fiscal years. The comparability of the information is
affected by a variety of factors, including acquisitions and divestitures of businesses, gains and losses related to marketable securities and other
investments, acquisition-related charges and repurchases under our stock repurchase programs. We adopted Statement of Financial Accounting
Standards, or SFAS, No. 142, "Goodwill and Other Intangible Assets," on August 1, 2002 and stopped amortizing goodwill on that date. Fiscal years
prior to fiscal 2003 reflect significant goodwill amortization charges.
In fiscal 2002 we sold our Quicken Loans mortgage business and in fiscal 2003 we sold our wholly owned Japanese subsidiary, Intuit KK. We
accounted for the sales of these businesses as discontinued operations and, accordingly, we have reclassified the financial data for all
periods prior to the sales to reflect Quicken Loans and Intuit KK as discontinued operations. To better understand the information in the tables,
investors should read "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the Consolidated Financial
Statements and related Notes.
FIVE YEAR SUMMARY
| Consolidated Statement of Operations Data |
FISCAL |
 |
| (In thousands, except per share amounts) |
2000 |
2001 |
2002 |
2003 |
2004 |
|
Total net revenue |
$ |
981,718 |
|
$ |
1,096,062 |
|
$ |
1,312,228 |
|
$ |
1,650,743 |
|
$ |
1,867,663 |
|
 |
Total costs and expenses |
|
969,304 |
|
|
1,177,420 |
|
|
1,261,728 |
|
|
1,307,511 |
|
|
1,447,336 |
|
|
Income (loss) from continuing operations |
|
12,414 |
|
|
(81,358 |
) |
|
50,500 |
|
|
343,232 |
|
|
420,327 |
|
|
Net income (loss) from continuing operations
before cumulative effect of accounting change |
|
325,691 |
|
|
(124,656 |
) |
|
53,615 |
|
|
263,202 |
|
|
317,030 |
|
|
Net income (loss) from discontinued operations |
|
(20,030 |
) |
|
27,549 |
|
|
86,545 |
|
|
79,832 |
|
|
- |
|
|
Cumulative effect of accounting change, net of income taxes (a) |
|
- |
|
|
14,314 |
|
|
- |
|
|
- |
|
|
- |
|
|
Net income (loss) |
|
305,661 |
|
|
(82,793 |
) |
|
140,160 |
|
|
343,034 |
|
|
317,030 |
|
|
Net income (loss) per common share:
Basic net income (loss) per share from continuing operations
before cumulative effect of accounting change |
$ |
1.62 |
|
$ |
(0.60 |
) |
$ |
0.25 |
|
$ |
1.28 |
|
$ |
1.62 |
|
|
Basic net income (loss) per share from
discontinued operations |
|
(0.10 |
) |
|
0.13 |
|
|
0.41 |
|
|
0.39 |
|
|
- |
|
|
Cumulative effect of accounting change |
|
- |
|
|
0.07 |
|
|
- |
|
|
- |
|
|
- |
|
|
Basic net income (loss) per share |
$ |
1.52 |
|
$ |
(0.40 |
) |
$ |
0.66 |
|
$ |
1.67 |
|
$ |
1.62 |
|
|
|
|
Diluted net income (loss) per share from continuing
operations before cumulative effect of accounting change |
$ |
1.54 |
|
$ |
(0.60 |
) |
$ |
0.24 |
|
$ |
1.25 |
|
$ |
1.58 |
|
|
Diluted net income (loss) per share
from discontinued operations |
|
(0.09 |
) |
|
0.13 |
|
|
0.40 |
|
|
0.38 |
|
|
- |
|
|
Cumulative effect of accounting change |
|
- |
|
|
0.07 |
|
|
- |
|
|
- |
|
|
- |
|
|
Diluted net income (loss) per share |
$ |
1.45 |
|
$ |
(0.40 |
) |
$ |
0.64 |
|
$ |
1.63 |
|
$ |
1.58 |
|
|
|
|
| (a) |
We adopted SFAS 133, "Accounting for Derivative Instruments and Hedging Activities," in fiscal 2001 and recognized the cumulative effect of the
change in how we accounted for options to purchase shares of S1 Corporation as of August 1, 2000. If we had adopted SFAS 133 at the beginning of
fiscal 2000, pro forma net income would have been $299.1 million and pro forma diluted net income would have been $1.42 per share. In accordance
with SFAS 133, we included unrealized gains and losses on the S1 options in our fiscal 2001 and 2002 reported results until we sold them in the first
quarter of fiscal 2002. |
| Consolidated Balance Sheet Data |
JULY 31, |
|
| (In thousands) |
2000 |
2001 |
2002 |
2003 |
2004 |
|
Cash, cash equivalents and short-term investments |
$ |
1,399,351 |
|
$ |
1,186,215 |
|
$ |
1,224,290 |
|
$ |
1,206,801 |
|
$ |
1,019,220 |
|
|
Working capital |
|
1,321,957 |
|
|
1,359,960 |
|
|
1,274,898 |
|
|
872,705 |
|
|
659,176 |
|
|
Total assets |
|
2,726,295 |
|
|
2,803,479 |
|
|
2,928,005 |
|
|
2,790,267 |
|
|
2,696,178 |
|
|
Long-term obligations |
|
538 |
|
|
12,150 |
|
|
32,592 |
|
|
29,265 |
|
|
16,394 |
|
|
Total stockholders' equity |
|
2,071,289 |
|
|
2,161,326 |
|
|
2,215,639 |
|
|
1,964,837 |
|
|
1,822,419 |
|
|
|
|
|
