Intuit Inc. (NASDAQ:INTU) Q4 2022 Earnings Conference Call August 23, 2022 4:30 PM ET Company Participants Kim Watkins - Vice President, Investor Relations Sasan Goodarzi - Chief Executive Officer Michelle Clatterbuck - Chief Financial Officer Conference Call Participants Keith Weiss - Morgan Stanley Brad Zelnick - Deutsche Bank Alex Zukin - Wolfe Research Kash Rangan - Goldman Sachs Daniel Jester - BMO Capital Markets Siti Panigrahi - Mizuho Michael Turrin - Wells Fargo Securities Brent Thill - Jefferies K ...

Intuit Inc. (NASDAQ:INTU) Bank of America 2022 Global Technology Conference June 7, 2022 12:30 PM ET Company Participants Varun Krishna - EVP and GM, Consumer Group Conference Call Participants Unidentified Analyst Everybody, I'm delighted to welcome Intuit to the conference. We're very fortunate today to be having Varun Krishna, newly appointed Executive Vice President and GM of the Consumer Group for TurboTax and the Consumer Group. Delighted to have you here. Varun, thank you so much for joining us. Varu ...

Intuit Inc. (NASDAQ:INTU) Q3 2022 Earnings Conference Call May 24, 2022 4:30 PM ET Company Participants Kim Watkins - Vice President, Investor Relations Sasan Goodarzi - Chief Executive Officer Michelle Clatterbuck - Chief Financial Officer Conference Call Participants Siti Panigrahi - Mizuho Keith Weiss - Morgan Stanley John Byun - Jefferies Kash Rangan - Goldman Sachs Daniel Jester - BMO Capital Markets Strecker Backe - Wolfe Research Scott Schneeberger - Oppenheimer Kartik Mehta - Northcoast Research Bra ...

Revenue Growth - Total net revenue for the three months ended April 30, 2022, was $5,632 million, a 35% increase from $4,173 million in the same period of 2021[10]. - Service and other revenue increased to $5,078 million for the three months ended April 30, 2022, up 39% from $3,640 million in the prior year[10]. - For the nine months ended April 30, 2022, Intuit reported a net income of $2,122 million, an increase from $1,682 million in the same period of the previous year, representing a growth of 26%[20]. - Total net revenue for Q3 FY22 increased by $1.5 billion or 35% compared to Q3 FY21, reaching $5.632 billion[163]. - Total net revenue for the first nine months of fiscal 2022 increased by $3.2 billion or 46% compared to the same period in fiscal 2021[167]. Income and Earnings - Net income for the three months ended April 30, 2022, was $1,794 million, representing a 22.5% increase compared to $1,464 million in the same period of 2021[10]. - Basic net income per share rose to $6.35 for the three months ended April 30, 2022, compared to $5.36 in the same period of 2021[10]. - Operating income for the total segments was $3,600 million for the three months ended April 30, 2022, compared to $2,706 million in the same period of 2021, reflecting a 33% increase[129]. - Net income for Q3 FY22 increased by $330 million or 23% compared to Q3 FY21, totaling $1.794 billion[166]. - Operating income for the first nine months of fiscal 2022 increased by $548 million or 26% compared to the same period in fiscal 2021[168]. Cash and Assets - Cash and cash equivalents increased to $3,531 million as of April 30, 2022, up from $2,562 million as of July 31, 2021[14]. - Total assets grew to $28,514 million as of April 30, 2022, compared to $15,516 million as of July 31, 2021[14]. - Intuit's total cash, cash equivalents, restricted cash, and restricted cash equivalents at the end of the period was $3,870 million, compared to $3,312 million at the end of the previous year, marking a 17% increase[21]. - The balance of common stock at April 30, 2022, was $17,479 million, an increase from $10,382 million at the same time in the previous year, representing a growth of 68%[18]. - As of April 30, 2022, total cash equivalents amounted to $2,627 million, an increase from $1,660 million as of July 31, 2021, reflecting a growth of 58.2%[53]. Debt and Liabilities - Long-term debt increased to $6,853 million as of April 30, 2022, from $2,034 million as of July 31, 2021[14]. - The company has a $4.7 billion unsecured term loan maturing on November 1, 2024, which was fully drawn to fund the Mailchimp acquisition[84]. - Future principal payments for long-term debt total $6.87 billion, with $5.2 billion due in 2025[87]. - The present value of lease liabilities as of April 30, 2022, was $492 million, an increase from $446 million in the previous year[93]. Acquisitions and Investments - The company completed acquisitions totaling $5,682 million during the nine months ended April 30, 2022, compared to $3,064 million in the same period of 2021, representing an increase of 85%[20]. - The acquisition of Mailchimp was completed for a total purchase consideration of $12.0 billion, including $5.7 billion in cash and approximately $6.3 billion in Intuit common stock[72]. - Mailchimp contributed $257 million in revenue for the three months and $497 million for the nine months ended April 30, 2022[71]. - Goodwill increased to $13,731 million as of April 30, 2022, from $5,613 million on July 31, 2021, primarily due to the acquisition of Mailchimp[67]. Shareholder Returns - The company plans to return excess cash generated by operations to stockholders through stock repurchases and cash dividends[9]. - Intuit's stock repurchases amounted to $1,337 million during the nine months ended April 30, 2022, compared to $542 million in the prior year, indicating a significant increase of 147%[20]. - The company declared dividends totaling $580 million for the nine months ended April 30, 2022, compared to $482 million in the same period of 2021, which is a 20% increase[21]. Segment Performance - Small Business & Self-Employed segment revenue reached $1,667 million for the three months ended April 30, 2022, up 42% from $1,177 million in the prior year[129]. - Consumer segment revenue increased to $3,239 million for the three months ended April 30, 2022, compared to $2,445 million in the same period of 2021, representing a 32% growth[129]. - Credit Karma generated $468 million in revenue for the three months ended April 30, 2022, a 48% increase from $316 million in the same quarter of 2021[130]. - Revenue for the Small Business & Self-Employed segment increased by $490 million or 42% in Q3 FY22 and $1.3 billion or 37% in the first nine months of FY22 compared to the same periods in FY21[180]. Operating Expenses - Total operating expenses for Q3 FY22 increased by $749 million or 45%, reaching $2.413 billion, while total net revenue increased by $1.5 billion or 35%[201]. - Total operating expenses for the first nine months of FY22 increased by $2.1 billion or 56%, totaling $5.860 billion, against a revenue increase of $3.2 billion or 46%[202]. - Selling and marketing expenses for Q3 FY22 were $1.227 billion, accounting for 22% of total net revenue, compared to $857 million or 21% in Q3 FY21[200]. Future Outlook - The company expects to continue investing significantly in product development and marketing to drive future growth[9]. - Intuit anticipates that total service and other revenue as a percentage of total revenue will continue to grow[9]. - The company expects total service and other revenue, which was $7.9 billion or 82% of total revenue in fiscal 2021, to continue growing in the future[159].

Intuit Inc. (NASDAQ:INTU) Wolfe Research Virtual March Madness Software Conference March 22, 2022 11:10 AM ET CorporateParticipants Kim Watkins - Vice President, Investor Relations Alex Chriss - EVP & General Manager, Small Business and Self-Employed ConferenceCall Participants Alex Zukin - Wolfe Research Alex Zukin Thank you so much for joining. We can keep the virtual buzz rolling. We are super thrilled to have Intuit join us today. We have Alex Chriss and Kim Watkins from Intuit. So Alex and Kim, thank y ...

Intuit, Inc. (NASDAQ:INTU) Morgan Stanley Technology, Media, and Telecom Conference March 8, 2022 6:35 PM ET Company Participants Sasan Goodarzi - CEO, President & Director Conference Call Participants Keith Weiss - Morgan Stanley Keith Weiss Thank you, everyone, for joining us. My name is Keith Weiss. I run the U.S. software equity research effort here at Morgan Stanley. And very pleased to have with us from Intuit, CEO, Sasan Goodarzi. You got a -- on the third try, I got it right. Please see the Morgan S ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-Q ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended January 31, 2022 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____________ to ____________ . Commission File Number 0-21180 INTUIT INC. (Exact name of registrant as speci ...

Intuit Inc. (NASDAQ:INTU) Q2 2022 Earnings Conference Call February 24, 2022 4:30 PM ET Company Participants Kim Watkins - IR Sasan Goodarzi - CEO Michelle Clatterbuck - CFO Conference Call Participants Scott Schneeberger - Oppenheimer Sterling Auty - JPMorgan Kash Rangan - Goldman Sachs Sitikantha Panigrahi - Mizuho Securities Keith Weiss - Morgan Stanley Brad Zelnick - Deutsche Bank Kirk Materne - Evercore ISI Michael Turrin - Wells Fargo Ken Wong - Guggenheim Securities Alex Zukin - Wolfe Research ...

Intuit Inc. (NASDAQ:INTU) Q1 2022 Earnings Conference Call November 18, 2021 4:30 PM ET Company Participants Sasan Goodarzi – CEO Michelle Clatterbuck – CFO Kim Watkins – Vice President, Investor Relations Conference Call Participants Ken Wong – Guggenheim Keith Weiss – Morgan Stanley Chirag Ved – Evercore ISI Greg Jackson – JP Morgan Siti Panigrahi – Mizuho Michael Turrin – Wells Fargo Brad Zelnick – Deutsche Bank Brent Thill – Jefferies Kartik Mehta – Northcoast Research Kash Rangan – Goldman Sachs Brad S ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-Q ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended October 31, 2021 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____________ to ____________ . Commission File Number 0-21180 INTUIT INC. (Exact name of registrant as speci ...