<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------------------
FORM 10-Q/A
Amendment No. 1
[ X ] Quarterly report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 For the quarterly period ended JANUARY 31, 1998
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 specified in its charter)
DELAWARE 77-0034661
(State of incorporation) (IRS employer identification no.)
2535 GARCIA AVENUE, MOUNTAIN VIEW, CA 94043
(Address of principal executive offices)
(650) 944-6000
(Registrant's telephone number, including area code)
Indicate by a check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports); and (2) has been subject to such
filing requirements for the past 90 days. Yes X No
--- ---
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
48,043,158 shares of Common Stock, $0.01 par value, as of February 28, 1998
<PAGE> 2
- --------------------------------------------------------------------------------
FORM 10-Q/A
INTUIT INC.
INDEX
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PAGE
NUMBER
------
<S> <C>
PART II OTHER INFORMATION
ITEM 6: Exhibits and Reports on Form 8-K.................... 3
Signatures.......................................... 4
Exhibit Index....................................... 5
</TABLE>
-2-
<PAGE> 3
- --------------------------------------------------------------------------------
PART II: OTHER INFORMATION
ITEM 6
EXHIBITS AND REPORTS ON FORM 8-K
- --------------------------------------------------------------------------------
(A) THE FOLLOWING EXHIBITS ARE FILED AS PART OF THIS REPORT:
10.01 Intuit Inc. 1993 Equity Incentive Plan, as amended through
January 16, 1998*
10.02 Intuit Inc. 1996 Employee Stock Purchase Plan, as amended
through January 16, 1998*
10.03 Intuit Inc. 1996 Directors Stock Option Plan, as amended through
January 16, 1998*
11.01 Computation of Net Income Per Share*
27.01 Financial Data Schedule*
27.02 Restated Financial Data Schedules (Fiscal 1996 and 1997 Quarters)
27.03 Restated Financial Data Schedules (Fiscal 1998 Quarters)
27.04 Restated Financial Data Schedules (Year)
- --------------------
* Previously filed with the Commission
-3-
<PAGE> 4
- --------------------------------------------------------------------------------
SIGNATURES
- --------------------------------------------------------------------------------
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
INTUIT INC.
(REGISTRANT)
Date: May 18, 1998 By: /s/ GREG J. SANTORA
-------------------------------------
Greg J. Santora
Vice President and Chief Financial
Officer (Principal Financial
and Accounting Officer)
-4-
<PAGE> 5
Exhibit Index
<TABLE>
<CAPTION>
Exhibit Description
<S> <C>
10.01 Intuit Inc. 1993 Equity Incentive Plan, as amended
through January 16, 1998*
10.02 Intuit Inc. 1996 Employee Stock Purchase Plan, as amended
through January 16, 1998*
10.03 Intuit Inc. 1996 Directors Stock Option Plan, as amended
through January 16, 1998*
11.01 Computation of Net Income Per Share*
27.01 Financial Data Schedule*
27.02 Restated Financial Data Schedules (Fiscal 1996 and 1997 Quarters)
27.03 Restated Financial Data Schedules (Fiscal 1998 Quarters)
27.04 Restated Financial Data Schedules (Year)
</TABLE>
- ---------------------
* Previously filed with the Commission
-5-
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 9-MOS 6-MOS 3-MOS 9-MOS
<FISCAL-YEAR-END> JUL-31-1997 JUL-31-1997 JUL-31-1997 JUL-31-1996
<PERIOD-START> AUG-01-1996 AUG-01-1996 AUG-01-1996 AUG-01-1995
<PERIOD-END> APR-30-1997 JAN-31-1997 OCT-31-1996 APR-30-1996
<CASH> 116,649 104,859 45,595 33,434
<SECURITIES> 356,260 350,524 125,205 186,092
<RECEIVABLES> 74,873 152,213 90,346 77,343
<ALLOWANCES> (7,025) (5,936) (5,974) (4,852)
<INVENTORY> 2,756 4,428 4,935 5,829
<CURRENT-ASSETS> 575,610 638,747 302,594 330,697
<PP&E> 142,330 137,129 154,549 137,647
<DEPRECIATION> (63,896) (58,205) (57,380) (42,110)
<TOTAL-ASSETS> 717,898 751,920 439,275 471,224
<CURRENT-LIABILITIES> 265,224 330,590 147,513 156,940
<BONDS> 34,433 5,080 5,259 7,158
0 0 0 0
0 0 0 0
<COMMON> 466 465 463 514,645
<OTHER-SE> 412,704 413,078 283,219 304,126
<TOTAL-LIABILITY-AND-EQUITY> 717,898 751,920 439,275 471,224
<SALES> 504,810 368,484 102,506 461,808
<TOTAL-REVENUES> 504,810 368,484 102,506 461,808
<CGS> 114,583 85,666 27,045 117,393
<TOTAL-COSTS> 115,263 85,820 27,085 119,651
<OTHER-EXPENSES> 356,875 248,145 114,511 324,267
<LOSS-PROVISION> 5,480 4,632 1,745 3,546
<INTEREST-EXPENSE> 377 259 81 229
<INCOME-PRETAX> 39,284 38,325 (37,042) 23,280
<INCOME-TAX> 22,400 21,929 (8,738) 22,000
<INCOME-CONTINUING> 16,884 16,396 (28,304) 1,280
<DISCONTINUED> 71,240 71,240 0 0
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 88,124 87,636 (28,304) 1,280
<EPS-PRIMARY> 1.90<F1> 1.90<F1> (0.61)<F1> 0.03<F1>
<EPS-DILUTED> 1.86<F2> 1.85<F2> (0.61)<F2> 0.03<F2>
<FN>
<F1>BASIC EPS AS DEFINED BY FAS 128.
<F2>DILUTED EPS AS DEFINED BY FAS 128.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C> <C>
<PERIOD-TYPE> 6-MOS 3-MOS
<FISCAL-YEAR-END> JUL-31-1998 JUL-31-1998
<PERIOD-START> AUG-01-1997 AUG-01-1997
<PERIOD-END> JAN-31-1998 OCT-31-1997
<CASH> 105,532 63,950
<SECURITIES> 537,228 397,679
<RECEIVABLES> 175,427 93,111
<ALLOWANCES> (5,150) (4,364)
<INVENTORY> 4,811 3,888
<CURRENT-ASSETS> 836,470 568,891
<PP&E> 123,330 131,054
<DEPRECIATION> (52,756) (60,145)
<TOTAL-ASSETS> 977,081 759,288
<CURRENT-LIABILITIES> 384,086 253,989
<BONDS> 31,253 36,520
0 0
0 0
<COMMON> 478 473
<OTHER-SE> 560,964 467,781
<TOTAL-LIABILITY-AND-EQUITY> 977,081 759,288
<SALES> 333,471 95,958
<TOTAL-REVENUES> 333,471 95,958
<CGS> 67,875 22,396
<TOTAL-COSTS> 69,228 23,099
<OTHER-EXPENSES> 224,217 98,464
<LOSS-PROVISION> 2,492 0
<INTEREST-EXPENSE> 234 81
<INCOME-PRETAX> 48,618 (19,254)
<INCOME-TAX> 19,583 (6,495)
<INCOME-CONTINUING> 29,085 (12,759)
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 29,085 (12,759)
<EPS-PRIMARY> 0.61<F1> (.27)<F1>
<EPS-DILUTED> 0.59<F2> (.27)<F2>
<FN>
<F1>BASIC EPS AS DEFINED BY FAS 128.
<F2>DILUTED EPS AS DEFINED BY FAS 128.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C> <C> <C>
<PERIOD-TYPE> YEAR YEAR YEAR
<FISCAL-YEAR-END> JUL-31-1997 JUL-31-1996 JUL-31-1995
<PERIOD-START> AUG-01-1996 AUG-01-1995 AUG-01-1994
<PERIOD-END> JUL-31-1997 JUL-31-1996 JUL-31-1995
<CASH> 46,780 44,584 76,298
<SECURITIES> 349,119 153,434 121,477
<RECEIVABLES> 46,689 54,424 41,383
<ALLOWANCES> (4,499) (4,951) (2,408)
<INVENTORY> 3,295 4,448 6,576
<CURRENT-ASSETS> 454,777 280,413 271,527
<PP&E> 154,004 145,695 79,339
<DEPRECIATION> (70,600) (50,084) (29,462)
<TOTAL-ASSETS> 663,676 418,020 398,605
<CURRENT-LIABILITIES> 211,582 110,689 107,246
<BONDS> 36,444 5,583 8,770
0 0 0
0 0 0
<COMMON> 469 458 445
<OTHER-SE> 414,592 298,777 279,954
<TOTAL-LIABILITY-AND-EQUITY> 663,676 418,020 398,605
<SALES> 598,925 538,608 419,160
<TOTAL-REVENUES> 598,925 538,608 419,160
<CGS> 137,281 136,470 110,322
<TOTAL-COSTS> 138,770 137,869 121,691
<OTHER-EXPENSES> 460,195 406,515 362,510
<LOSS-PROVISION> 3,308 4,728 2,105
<INTEREST-EXPENSE> 652 305 232
<INCOME-PRETAX> 9,809 1,870 (20,000)
<INCOME-TAX> 12,741 16,225 24,296
<INCOME-CONTINUING> (2,932) (14,355) (44,296)
<DISCONTINUED> 71,240 (6,344) 0
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> 68,308 (20,699) (44,296)
<EPS-PRIMARY> 1.47<F1> (.46)<F1> (1.07)<F1>
<EPS-DILUTED> 1.44<F2> (.46)<F2> (1.07)<F2>
<FN>
<F1>BASIC EPS AS DEFINED BY FAS 128
<F2>DILUTED EPS AS DEFINED BY FAS 128
</FN>
</TABLE>
