8-K/AExhibits & Filings

INTUIT INC. 8-K/A Report, Exhibit Filing (Feb 14, 2007)

Filed February 14, 2007For Securities:INTU

Summary

This filing is an amendment to a previous 8-K filing by Intuit Inc., specifically to provide the necessary financial information related to the acquisition of Digital Insight Corporation. Investors should note that this amendment is primarily for disclosure purposes, incorporating the historical financial statements of Digital Insight and unaudited pro forma combined financial statements as required by SEC regulations. The core transaction, the acquisition of Digital Insight, was previously reported. The key takeaway for investors is that Intuit is fulfilling its disclosure obligations concerning the Digital Insight acquisition. The filing includes audited historical financials for Digital Insight up to December 31, 2005, and interim financials up to September 30, 2006, as well as pro forma combined financial statements that give a hypothetical view of the combined entities' financial position and performance as of October 31, 2006, and for the twelve months ended July 31, 2006. These documents are crucial for understanding the financial impact and integration of Digital Insight into Intuit.

Key Highlights

  • 1Intuit Inc. (INTU) filed an amendment to its 8-K to include financial statements for the acquired business, Digital Insight Corporation.
  • 2The amendment incorporates audited financial statements of Digital Insight for the years ended December 31, 2005 and 2004, and for the three years ended December 31, 2005.
  • 3Unaudited interim financial statements for Digital Insight as of and for the periods ended September 30, 2006 and 2005 are also included.
  • 4Unaudited pro forma combined financial information, reflecting the acquisition's impact, is provided for the three months ended October 31, 2006, and the twelve months ended July 31, 2006.
  • 5The filing includes consents from the independent registered public accounting firms for both Intuit and Digital Insight.
  • 6The Agreement and Plan of Merger between Intuit, Durango Acquisition Corporation, and Digital Insight Corporation is cross-referenced as an exhibit.

Frequently Asked Questions

This filing is an amendment to provide the required financial statements of the acquired entity, Digital Insight Corporation, and unaudited pro forma combined financial information, which were not fully included in the original 8-K filing. It fulfills Intuit's disclosure obligations related to the acquisition.

The amendment includes audited consolidated financial statements and schedules of Digital Insight for the years ended December 31, 2005 and 2004, and for the three-year period ended December 31, 2005. It also includes unaudited interim financial statements for the periods ended September 30, 2006 and 2005.

The unaudited pro forma combined financial information presents a hypothetical view of Intuit's financial position and results of operations as if the acquisition of Digital Insight had occurred at specified earlier dates. This helps investors understand the potential financial impact of the acquisition on Intuit.

The audited financial statements of Digital Insight are incorporated by reference from its Form 10-K for the year ended December 31, 2005, filed on March 16, 2006 (Exhibit 99.01). The unaudited interim financial statements are incorporated from Digital Insight's Form 10-Q for the quarter ended September 30, 2006, filed on November 9, 2006 (Exhibit 99.02).