FINANCIAL SUMMARY

GUIDANCE[C]

($ millions, except per share data)

Q1 FY19

Q2 FY19

Q3 FY19

Q4 FY19

FY19

Q1 FY20

Q2 FY20

Q3 FY20

Q4 FY20

FY20

Q1 FY21

Q2 FY21

FY21

Small Business & Self-Employed

$908

$833

$887

$905

$3,533

$1,046

$973

$982

$1,049

$4,050

$1,181

$4,360

-$4,460

% change YOY

11%

17%

19%

16%

15%

15%

17%

11%

16%

15%

13%

8% -10%

Consumer

$90

$461

$2,150

$74

$2,775

$100

$499

$1,827

$710

$3,136

$119

$3,410

-$3,455

% change YOY

22%

11%

10%

7%

11%

11%

8%

(15%)

859%

13%

19%

9% -10%

ProConnect

$18

$208

$235

$15

$476

$19

$224

$193

$57

$493

$23

$495

-$500

% change YOY

6%

(1%)

9%

15%

4%

6%

8%

(18%)

280%

4%

21%

0% -1%

Credit Karma

$545

-$580

% change YOY

Total Revenue

$1,016

$1,502

$3,272

$994

$6,784

$1,165

$1,696

$3,002

$1,816

$7,679

$1,323

$1,935 -$1,965

$8,810

-$8,995

% change YOY

12%

12%

12%

15%

13%

15%

13%

(8%)

83%

13%

14%

14% -16%

15% -17%

GAAP Operating Income (Loss)

($10)

$233

$1,784

($153)

$1,854

$10

$270

$1,413

$483

$2,176

$209

$171 -$191

$1,920

-$1,990

Non-GAAP Operating Income (Loss)[A]

$102

$339

$1,888

($47)

$2,282

$129

$384

$1,539

$616

$2,668

$334

$455 -$475

$2,975

-$3,045

Non-GAAP Operating Margin %[A]

10.0%

22.6%

57.7%

NA

33.6%

11.1%

22.6%

51.3%

33.9%

34.7%

25.3%

Interest Expense

($4)

($4)

($4)

($3)

($15)

($2)

($3)

($2)

($7)

($14)

($8)

Interest and Other Income

$0

$6

$17

$19

$42

$14

$15

($3)

$10

$36

$9

GAAP Share Based Compensation Expense

105

100

98

98

401

111

107

103

114

436

111

GAAP Share Based Compensation Expense per Share

NM

($0.30)

($0.29)

($0.12)

($1.26)

($1.11)

($0.35)

($0.30)

($0.40)

($1.37)

($0.39)

GAAP Diluted EPS

$0.13

$0.72

$5.22

($0.17)

$5.89

$0.22

$0.91

$4.11

$1.68

$6.92

$0.75

$0.43 -$0.49

$5.30

-$5.50

Non-GAAP Diluted EPS[A] [B]

$0.29

$1.00

$5.55

($0.09)

$6.75

$0.41

$1.16

$4.49

$1.81

$7.86

$0.94

$1.25 -$1.31

$8.20

-$8.40

GAAP Diluted EPS (YTD)

$0.13

$0.84

$6.06

$5.89

$5.89

$0.22

$1.13

$5.24

$6.92

$6.92

$0.75

Non-GAAP Diluted EPS (YTD)[A] [B]

$0.29

$1.29

$6.84

$6.75

$6.75

$0.41

$1.57

$6.06

$7.86

$7.86

$0.94

Basic Share Count

260

260

260

260

260

261

261

261

262

261

263

~270

Diluted Share Count

264

264

264

260

264

264

264

264

264

264

265

~273

GAAP Tax Rate

337%

20%

23%

68%

17%

-163%

15%

23%

8%

17%

6%

24%

Non-GAAP Tax Rate

23%

23%

23%

23%

23%

23%

23%

23%

23%

23%

24%

24%

Capital Expenditures

$155

$137

~$170

Segment Revenue

FY'19

FY'20

FY'21

($ millions)

Q1

Q2

Q3

Q4

FY

Q1

Q2

Q3

Q4

FY

Q1

QuickBooks Online Accounting

$

217

$

231

$

260

$

272

$

980

$

306

$

330

$

353

$

365

$

1,354

$

392

Online Services

$

154

$

163

$

179

$

187

$

683

$

195

$

200

$

207

$

226

$

828

$

229

Total Online Ecosystem

$

371

$

394

$

439

$

459

$

1,663

$

501

$

530

$

560

$

591

$

2,182

$

621

QuickBooks Desktop Accounting (Outright, Subs and ES)

$

228

$

154

$

181

$

169

$

732

$

239

$

165

$

173

$

178

$

755

$

241

Desktop Services and Supplies

$

309

$

285

$

267

$

277

$

1,138

$

306

$

278

$

249

$

280

$

1,113

$

319

Total Desktop Ecosystem

$

537

$

439

$

448

$

446

$

1,870

$

545

$

443

$

422

$

458

$

1,868

$

560

Small Business & Self-Employed

$

908

$

833

$

887

$

905

$

3,533

$

1,046

$

973

$

982

$

1,049

$

4,050

$

1,181

Consumer

$

90

$

461

$

2,150

$

74

$

2,775

$

100

$

499

$

1,827

$

710

$

3,136

$

119

ProConnect

$

18

$

208

$

235

$

15

$

476

$

19

$

224

$

193

$

57

$

493

$

23

Total Segment Revenue

$

1,016

$

1,502

$

3,272

$

994

$

6,784

$

1,165

$

1,696

$

3,002

$

1,816

$

7,679

$

1,323

Platform Revenue

FY'19

FY'20

($ millions)

Online Ecosystem (QBO)

$

1,663

$

2,182

TurboTax Online (TTO)

$

2,250

$

2,610

QBO and TTO Platform Revenue

$

3,913

$

4,792

Segment Operating Income

FY'21

($ millions)

Q1

% Op.

Op. Inc.

Margin

Small Business & Self-Employed

$

767

65%

Consumer

$

4

4%

ProConnect

$

(10)

-42%

Total Segment Operating Income

$

761

58%

FY'20 (Restated) [D]

($ millions)

Q1

Q2

Q3

Q4

Year

% Op.

% Op.

% Op.

% Op.

% Op.

Op. Inc.

Margin

Op. Inc.

Margin

Op. Inc.

Margin

Op. Inc.

Margin

Op. Inc.

Margin

Small Business & Self-Employed

$

593

57%

$

447

46%

$

456

46%

$

595

57%

$

2,091

52%

Consumer

$

(20)

-20%

$

191

38%

$

1,350

74%

$

542

76%

$

2,063

66%

ProConnect

$

(18)

-95%

$

186

83%

$

155

80%

$

23

40%

$

347

70%

Total Segment Operating Income

$

555

48%

$

824

49%

$

1,962

65%

$

1,160

64%

$

4,500

59%

FY'19 (Restated) [D]

($ millions)

Year

% Op.

Op. Inc.

Margin

Small Business & Self-Employed

$

1,721

49%

Consumer

$

1,820

66%

ProConnect

$

330

69%

Total Segment Operating Income

$

3,872

57%

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Disclaimer

Intuit Inc. published this content on 07 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 December 2020 15:16:00 UTC