Intuit Reports Third Quarter Results; Profits Increase on Strong Revenue - Company Financial Information

Edge: Work-Group Computing Report, May 29, 2000

                                Table D
                              INTUIT INC.
                 CONDENSED CONSOLIDATED BALANCE SHEET
                            (In thousands)
                              (Unaudited)

                                      July 31,    April 30,
                                        1999         2000
ASSETS:

Current assets:
  Cash, cash equivalents and
    short-term investments        $  859,355   $1,522,505
  Customer deposits                  145,836      162,824
  Marketable securities              431,462      386,261
  Accounts receivable, net            63,677      128,167
  Mortgage loans                      84,983       65,185
  Deferred income taxes               64,925       64,993
  Inventories                          4,931        1,890
  Prepaid expenses and
other current assets                  67,716       45,261
  Total current assets             1,722,885    2,377,086

Property and equipment, net          119,220      157,223
Intangibles, net                      98,049       88,199
Goodwill, net                        383,102      387,358
Other assets                           7,897       11,872
Restricted investments                36,028         --
Investments                           45,704       51,267
Long-term deferred
 income taxes                         76,190       80,222
Total assets                      $2,489,075   $3,153,227

LIABILITIES AND
STOCKHOLDERS EQUITY:

Current liabilities:
  Line of credit                  $   29,896   $   18,791
  Accounts payable                    66,436       93,524
  Accrued compensation
and related liabilities               39,996       50,238
  Payroll tax obligations            131,148      156,757
  Escrow liabilities                  14,857        8,186
  Drafts payable                      49,169       29,246
  Deferred revenue                    65,994       89,128
  Income taxes payable               143,181      162,881
  Deferred income taxes              136,694      159,623
  Short-term note payable               --         34,658
  Other accrued liabilities          201,872      256,433
  Total current liabilities          879,243    1,059,465

Long-term obligations                 36,614          513
Long-term deferred income taxes       11,615       11,882
Minority interest                        215          170
Stockholders  equity               1,561,388    2,081,197
Total liabilities and
stockholders  equity              $2,489,075   $3,153,227

                             Table E
                           INTUIT INC.
          SCHEDULE OF ACQUISITION RELATED CHARGES (iii)
                         (In thousands)
                           (Unaudited)

                       Three Mos. Ended      Nine Mos. Ended
                           April 30,              April 30,
                    1999            2000    1999            2000
Amortization of
intangibles
and other
acquisition
costs in:
Cost of goods sold   $   1,885  $   2,115   $   5,586    $   7,036
Operating expenses      20,890     37,266      62,822      118,828
Charge for
 purchased R&D            --         --          --          1,312
Deferred compensation     --        1,138        --          2,882

Total acquisition
related
 charges in
operating income        22,775     40,519      68,408      130,058
Tax effect (iv)         (9,110)   (16,208)    (27,363)     (52,023)

Net income effect    $  13,665  $  24,311   $  41,045    $  78,035

                                    Year Ended July 31,
                          2000        2001        2002       2003

Amortization of
intangibles in:
Cost of goods sold   $   8,785  $   6,634    $   2,081    $   1,291
Operating expenses     144,015    136,881      136,127      113,898
Indirect merger
 charges                 9,154       --           --           --
Charge for
purchased R&D            1,312       --           --           --
Deferred
 compensation            4,017      4,548        4,548        3,487

Total
acquisition
related
  charges in
operating income       167,283    148,063      142,756      118,676
Tax effect (v)         (54,151)   (49,966)     (47,844)     (42,841)

Net income
effect               $ 113,132  $  98,097    $  94,912    $  75,835