Summary
Intuit Inc. (INTU) filed an 8-K on August 18, 2004, to announce its financial results for the fiscal quarter and year ended July 31, 2004. The primary purpose of the filing is to provide investors with a press release detailing these results, which includes non-GAAP, or "pro forma," financial measures. These pro forma figures are presented alongside GAAP results to offer a view of Intuit's core operating performance by excluding items such as acquisition-related charges and gains/losses from investments. Management emphasizes that these pro forma measures are used internally for performance assessment and forecasting, and they believe these provide meaningful supplemental information. Investors are advised to review the reconciliations provided in the attached press release to understand how the pro forma numbers are derived from their GAAP counterparts, as these measures may differ from those reported by other companies. The filing is furnished and not deemed 'filed' for regulatory purposes.
Key Highlights
- 1Announcement of financial results for the fiscal quarter and year ended July 31, 2004.
- 2Inclusion of a press release (Exhibit 99.01) containing detailed financial results.
- 3Presentation of non-GAAP ("pro forma") financial measures alongside GAAP results.
- 4Pro forma measures exclude acquisition-related charges (e.g., goodwill amortization) and investment gains/losses.
- 5Management uses pro forma measures to assess core operating performance and for planning/forecasting.
- 6Reconciliations between GAAP and pro forma measures are provided in the attached press release.
- 7Information furnished is not considered 'filed' for the purposes of the Securities Exchange Act of 1934.