%PDF-1.5 1 0 obj <> endobj 3 0 obj <>] /Rotate 0 /Contents 4 0 R>> endobj 4 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 752.6 m 175.5 752.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 748.6 m 175.5 748.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 175.5 752.6 m 275.5 752.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 175.5 748.6 m 275.5 748.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 752.6 m 375.5 752.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 748.6 m 375.5 748.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 752.6 m 475.5 752.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 748.6 m 475.5 748.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 752.6 m 575.5 752.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 748.6 m 575.5 748.6 l s BT /F1 10.00 Tf ET BT /F2 13.00 Tf ET q 0 0 0 rg BT 118.70 733.50 Td (UNITED STATES SECURITIES AND EXCHANGE COMMISSION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 243.15 720.30 Td (Washington, D.C. 20549) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 201.50 707.10 Td (______________________________________) Tj ET Q BT /F2 18.00 Tf ET q 0 0 0 rg BT 257.00 677.10 Td (FORM 10-K) Tj ET Q /GS0 gs q 8.02 0 0 8.78 54.45 655.32 cm /I1 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 84.00 656.54 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 657.30 Td (Annual Report pursuant to Section13 or 15\(d\) of the Securities Exchange Act of 1934) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.00 637.50 Td (For the fiscal year ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.34 637.50 Td (July31, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.98 637.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 298.75 620.70 Td (OR) Tj ET Q /GS0 gs q 8.02 0 0 8.78 54.45 598.92 cm /I2 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 84.00 600.14 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 600.90 Td (Transition report pursuant to Section13 or 15\(d\) of the Securities Exchange Act of 1934) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 189.20 580.10 Td (For the transition period from ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 311.61796875 578.975 m 411.69609375 578.975 l s q 0 0 0 rg BT 311.62 580.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.70 580.10 Td ( to ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 425.21416015625 578.975 m 527.79423828125 578.975 l s q 0 0 0 rg BT 425.21 580.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.55 559.70 Td (Commission File Number 0-21180) Tj ET Q /GS0 gs q 142.00 0 0 69.00 235.00 485.70 cm /I3 Do Q BT /F1 10.00 Tf ET BT /F2 23.00 Tf ET q 0 0 0 rg BT 241.90 458.10 Td (INTUIT INC.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 203.00 447.30 Td (\(Exact name of registrant as specified in its charter\)) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 161.15 425.37080078125 m 200.821875 425.37080078125 l s q 0 0 0 rg BT 161.15 426.50 Td (Delaware) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 134.20 417.50 Td (\(State of incorporation\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.50 417.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 403.6 425.37080078125 m 454.3880859375 425.37080078125 l s q 0 0 0 rg BT 403.60 426.50 Td (77-0034661) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 363.20 417.50 Td (\(IRS Employer Identification No.\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 207.15 394.175 m 404.827734375 394.175 l s q 0 0 0 rg BT 207.15 395.30 Td (2700 Coast Avenue, Mountain View, CA 94043) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 188.85 384.50 Td (\(Address of principal executive offices, including zip code\)) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 273.9 361.775 m 338.0083984375 361.775 l s q 0 0 0 rg BT 273.90 362.90 Td (\(650\)944-6000) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 199.50 352.10 Td (\(Registrants telephone number, including area code\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 334.10 Td (Securities registered pursuant to Section 12\(b\) of the Act:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 102.5 309.6 m 306.5 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 309.6 m 543.5 309.6 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 314.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 105.00 314.30 Td (Title of Each Class) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.00 314.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.00 314.30 Td (Name of Exchange on Which Registered) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 300.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 105.00 300.30 Td (Common Stock, $0.01 par value) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.00 300.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.00 300.30 Td (Nasdaq Global Select Market) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 268.50 Td (Securities registered pursuant to Section 12\(g\) of the Act: None.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 246.90 Td (Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act. Yes ) Tj ET Q /GS0 gs q 8.02 0 0 10.00 521.24 244.70 cm /I4 Do Q /GS0 gs q 9.00 0 0 10.00 529.26 244.70 cm /I5 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.26 246.90 Td (No ) Tj ET Q /GS0 gs q 8.02 0 0 10.00 553.11 244.70 cm /I6 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 225.30 Td (Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15\(d\) of the Act. Yes ) Tj ET Q /GS0 gs q 8.02 0 0 10.00 502.81 223.10 cm /I7 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.83 225.30 Td ( No ) Tj ET Q /GS0 gs q 8.02 0 0 10.00 528.18 223.10 cm /I8 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 203.70 Td (Indicate by check mark whether the registrant \(1\)has filed all reports required to be filed by Section13 or 15\(d\) of the Securities ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 192.90 Td (Exchange Act of 1934 during the preceding 12months \(or for such shorter period that the registrant was required to file such ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 182.10 Td (reports\); and \(2\)has been subject to such filing requirements for the past 90days. Yes ) Tj ET Q /GS0 gs q 8.02 0 0 10.00 383.87 179.90 cm /I9 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.90 182.10 Td ( No ) Tj ET Q /GS0 gs q 8.02 0 0 10.00 409.25 179.90 cm /I10 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 160.50 Td (Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 149.70 Td (Interactive Data File required to be submitted and posted pursuant to Rule405 of RegulationS-T during the preceding 12months \(or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 138.90 Td (for such shorter period that the registrant was required to submit and post such files\). Yes ) Tj ET Q /GS0 gs q 8.02 0 0 10.00 399.38 136.70 cm /I11 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.41 138.90 Td ( No ) Tj ET Q /GS0 gs q 8.02 0 0 10.00 424.76 136.70 cm /I12 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 117.30 Td (Indicate by check mark if disclosure of delinquent filers pursuant to Item405 of RegulationS-K is not contained herein, and will not ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 106.50 Td (be contained, to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in PartIII ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 95.70 Td (of this Form 10-K or any amendment to this Form 10-K. ) Tj ET Q /GS0 gs q 8.02 0 0 10.00 261.99 93.50 cm /I13 Do Q endstream endobj 5 0 obj <>] /Rotate 0 /Contents 6 0 R>> endobj 6 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 749.20 Td (Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 738.40 Td (reporting company, or an emerging growth company. See definition of large accelerated filer, accelerated filer, smaller ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 727.60 Td (reporting company, and emerging growth company in Rule12b-2 of the Exchange Act. \(Check one\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.35 707.80 Td (Large accelerated) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 64.80 698.80 Td (filer) Tj ET Q /GS0 gs q 8.02 0 0 8.78 115.00 696.62 cm /I14 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 140.20 698.80 Td (Accelerated filer) Tj ET Q /GS0 gs q 8.02 0 0 8.78 213.00 696.62 cm /I15 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 254.85 698.80 Td (Non-accelerated filer) Tj ET Q /GS0 gs q 8.02 0 0 8.78 364.00 696.62 cm /I16 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.40 707.80 Td (Smaller reporting) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.05 698.80 Td (company) Tj ET Q /GS0 gs q 8.02 0 0 8.78 466.00 696.62 cm /I17 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.30 707.80 Td (Emerging growth) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.05 698.80 Td (company) Tj ET Q /GS0 gs q 8.02 0 0 8.78 567.00 696.62 cm /I18 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 685.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.50 685.36 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 246.45 684.80 Td (\(Do not check if a smaller) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.60 675.80 Td (reporting company\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.00 685.36 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 648.80 Td (If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 638.00 Td (complying with any new or revised financial accounting standards provided pursuant to Section 13\(a\) of the Exchange Act. ) Tj ET Q /GS0 gs q 8.02 0 0 10.00 531.80 635.80 cm /I19 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 616.40 Td (Indicate by check mark whether the registrant is a shell company \(as defined in Rule12b-2 of the Exchange Act\). Yes ) Tj ET Q /GS0 gs q 8.02 0 0 10.00 507.42 614.20 cm /I20 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.44 616.40 Td ( No ) Tj ET Q /GS0 gs q 8.02 0 0 10.00 532.79 614.20 cm /I21 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 594.80 Td (The aggregate market value of Intuit Inc. outstanding common stock held by non-affiliates of Intuit as of January31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 506.81 594.80 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.83 594.80 Td (, the last ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 584.00 Td (business day of our most recently completed second fiscal quarter, based on the closing price of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.24 584.00 Td ($167.90) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.76 584.00 Td ( reported by the Nasdaq ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 573.20 Td (Global Select Market on that date, was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 196.08 573.20 Td ($41) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.09 573.20 Td ( billion.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 551.60 Td (There were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.87 551.60 Td (258,671,620) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 133.91 551.60 Td ( shares of Intuit voting common stock outstanding as of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.42 551.60 Td (August24, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.79 551.60 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 205.75 527.60 Td (DOCUMENTS INCORPORATED BY REFERENCE) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 512.00 Td (Portions of the registrants definitive proxy statement for its Annual Meeting of Stockholders to be held on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 468.59 512.00 Td (January17, 2019) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.32 512.00 Td ( are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 501.20 Td (incorporated by reference in PartIII of this Annual Report on Form 10-K.) 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Tj ET Q BT /F2 12.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 725.55 Td (FISCAL ) Tj ET Q BT /F2 12.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 93.78 725.55 Td (2018) Tj ET Q BT /F2 12.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 122.19 725.55 Td ( FORM 10-K) Tj ET Q BT /F2 12.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 711.15 Td (INDEX) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 680.65 47.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 97.50 680.65 399.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 496.50 680.65 4.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 500.50 680.65 62.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 578.65 47.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 97.50 578.65 399.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg 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0 rg BT 520.40 691.35 Td (Page) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 0.55 w 0 i [] 0 d 1 J 1 j 3 M 53 668.45908203125 m 86.208984375 668.45908203125 l s q 1 1 1 rg BT 53.00 669.83 Td (PART I) Tj ET Q BT /F2 11.00 Tf ET BT /F3 11.00 Tf ET q 1 1 1 rg BT 100.00 669.83 Td () Tj ET Q BT /F3 11.00 Tf ET q 1 1 1 rg BT 503.00 669.83 Td () Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 648.1021484375 m 80.568359375 648.1021484375 l s q 0 0 1 rg BT 53.00 649.10 Td (ITEM 1:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 648.1021484375 m 130.529296875 648.1021484375 l s q 0 0 1 rg BT 100.00 649.10 Td (Business) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 636.1021484375 m 86.2001953125 636.1021484375 l s q 0 0 1 rg BT 53.00 637.10 Td (ITEM 1A:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 636.1021484375 m 142.6884765625 636.1021484375 l s q 0 0 1 rg BT 100.00 637.10 Td (Risk Factors) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 624.1021484375 m 85.6083984375 624.1021484375 l s q 0 0 1 rg BT 53.00 625.10 Td (ITEM 1B:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 624.1021484375 m 200.369140625 624.1021484375 l s q 0 0 1 rg BT 100.00 625.10 Td (Unresolved Staff Comments) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 612.1021484375 m 80.568359375 612.1021484375 l s q 0 0 1 rg BT 53.00 613.10 Td (ITEM 2:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 612.1021484375 m 136.91259765625 612.1021484375 l s q 0 0 1 rg BT 100.00 613.10 Td (Properties) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 600.1021484375 m 80.568359375 600.1021484375 l s q 0 0 1 rg BT 53.00 601.10 Td (ITEM 3:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 600.1021484375 m 166.10546875 600.1021484375 l s q 0 0 1 rg BT 100.00 601.10 Td (Legal Proceedings) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 588.1021484375 m 80.568359375 588.1021484375 l s q 0 0 1 rg BT 53.00 589.10 Td (ITEM 4:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 588.1021484375 m 184.9296875 588.1021484375 l s q 0 0 1 rg BT 100.00 589.10 Td (Mine Safety Disclosures) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 0.55 w 0 i [] 0 d 1 J 1 j 3 M 53 566.45908203125 m 89.26708984375 566.45908203125 l s q 1 1 1 rg BT 53.00 567.83 Td (PART II) Tj ET Q BT /F2 11.00 Tf ET BT /F3 11.00 Tf ET q 1 1 1 rg BT 100.00 567.83 Td () Tj ET Q BT /F3 11.00 Tf ET q 1 1 1 rg BT 503.00 567.83 Td () Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 546.1021484375 m 80.568359375 546.1021484375 l s q 0 0 1 rg BT 53.00 547.10 Td (ITEM 5:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 544.1021484375 m 462.28564453125 544.1021484375 l s q 0 0 1 rg BT 100.00 545.10 Td (Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity ) Tj ET Q BT /F3 8.00 Tf ET 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 536.1021484375 m 134.52880859375 536.1021484375 l s q 0 0 1 rg BT 100.00 537.10 Td (Securities) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 523.1021484375 m 80.568359375 523.1021484375 l s q 0 0 1 rg BT 53.00 524.10 Td (ITEM 6:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 523.1021484375 m 184.033203125 523.1021484375 l s q 0 0 1 rg BT 100.00 524.10 Td (Selected Financial Data) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 511.1021484375 m 80.568359375 511.1021484375 l s q 0 0 1 rg BT 53.00 512.10 Td (ITEM 7:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 511.1021484375 m 415.4130859375 511.1021484375 l s q 0 0 1 rg BT 100.00 512.10 Td (Managements Discussion and Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 499.1021484375 m 86.2001953125 499.1021484375 l s q 0 0 1 rg BT 53.00 500.10 Td (ITEM 7A:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 499.1021484375 m 312.82568359375 499.1021484375 l s q 0 0 1 rg BT 100.00 500.10 Td (Quantitative and Qualitative Disclosures About Market Risk) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 487.1021484375 m 80.568359375 487.1021484375 l s q 0 0 1 rg BT 53.00 488.10 Td (ITEM 8:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 487.1021484375 m 265.70654296875 487.1021484375 l s q 0 0 1 rg BT 100.00 488.10 Td (Financial Statements and Supplementary Data) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 475.1021484375 m 80.568359375 475.1021484375 l s q 0 0 1 rg BT 53.00 476.10 Td (ITEM 9:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 475.1021484375 m 418.84619140625 475.1021484375 l s q 0 0 1 rg BT 100.00 476.10 Td (Changes in and Disagreements with Accountants on Accounting and Financial Disclosure) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 463.1021484375 m 86.2001953125 463.1021484375 l s q 0 0 1 rg BT 53.00 464.10 Td (ITEM 9A:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 463.1021484375 m 188.67333984375 463.1021484375 l s q 0 0 1 rg BT 100.00 464.10 Td (Controls and Procedures) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 451.1021484375 m 85.6083984375 451.1021484375 l s q 0 0 1 rg BT 53.00 452.10 Td (ITEM 9B:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 451.1021484375 m 164.9443359375 451.1021484375 l s q 0 0 1 rg BT 100.00 452.10 Td (Other Information) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 0.55 w 0 i [] 0 d 1 J 1 j 3 M 53 429.45908203125 m 92.3251953125 429.45908203125 l s q 1 1 1 rg BT 53.00 430.83 Td (PART III) Tj ET Q BT /F2 11.00 Tf ET BT /F3 11.00 Tf ET q 1 1 1 rg BT 100.00 430.83 Td () Tj ET Q BT /F3 11.00 Tf ET q 1 1 1 rg BT 503.00 430.83 Td () Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 409.1021484375 m 85.0166015625 409.1021484375 l s q 0 0 1 rg BT 53.00 410.10 Td (ITEM 10:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 409.1021484375 m 302.5224609375 409.1021484375 l s q 0 0 1 rg BT 100.00 410.10 Td (Directors, Executive Officers and Corporate Governance) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 53 397.1021484375 m 85.0166015625 397.1021484375 l s q 0 0 1 rg BT 53.00 398.10 Td (ITEM 11:) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i [] 0 d 1 J 1 j 3 M 100 397.1021484375 m 189.2412109375 397.1021484375 l s q 0 0 1 rg BT 100.00 398.10 Td (Executive Compensation) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.40 w 0 i 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Please also see the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 710.85 Td (section entitled ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 119.70 710.85 Td (Risk Factors) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 172.39 710.85 Td ( in Item1A of this Report for important information to consider when evaluating these ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 700.05 Td (statements. All statements in this report, other than statements that are purely historical, are forward-looking statements. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (Words such as expect, anticipate, intend, plan, believe, forecast, estimate, seek, and similar expressions also ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 678.45 Td (identify forward-looking statements. In this report, forward-looking statements include, without limitation, the following:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 662.65 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 662.65 Td (our expectations and beliefs regarding future conduct and growth of the business;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 646.85 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 646.85 Td (our beliefs and expectations regarding seasonality, competition and other trends that affect our business;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 631.05 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 631.05 Td (our expectation that we will continue to invest 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68.00 397.45 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 397.45 Td (our belief that the investments we hold are not other-than-temporarily impaired;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 381.65 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 381.65 Td (our belief that we take prudent measures to mitigate investment related risks;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 365.85 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 365.85 Td (our belief that our exposure to currency exchange fluctuation risk will not be significant in the future;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 350.05 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 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financial statements.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 106.65 Td (We caution investors that forward-looking statements are only predictions based on our current expectations about future ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 95.85 Td (events and are not guarantees of future performance. We encourage you to read carefully all information provided in this ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 85.05 Td (report and in our other filings with the Securities and Exchange Commission before deciding to invest in our stock or to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 74.25 Td (maintain or change your investment. These forward-looking statements are based on information as of the filing date of this ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 63.45 Td (Annual Report, and we undertake no obligation to revise or update any forward-looking statement for any reason.) 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0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 591.95 24.70 Td (4 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 739.20 Td (PART I) Tj ET Q 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 719.7 m 562.5 719.7 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 704.7 m 562.5 704.7 l s BT /F2 13.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 707.37 Td (ITEM 1 - BUSINESS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 50.5 669.7 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 669.7 l 52.5 669.7 m 53.5 669.7 l 54.5 669.7 m 55.5 669.7 l 56.5 669.7 m 57.5 669.7 l 58.5 669.7 m 59.5 669.7 l 60.5 669.7 m 61.5 669.7 l 62.5 669.7 m 63.5 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0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 674.88 Td (CORPORATE BACKGROUND) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 649.20 Td (General) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 632.40 Td (Intuit helps consumers, small businesses, and the self-employed prosper by delivering financial management and compliance ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 621.60 Td (products and services. We also provide specialized tax products to accounting professionals, who are key partners that help us ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 610.80 Td (reach small business customers.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 594.00 Td (Our global products and platforms include QuickBooks, TurboTax, Mint, and Turbo are designed to help customers run their ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 583.20 Td (small businesses, pay employees and send invoices, separate business and personal expenses, track their money, and file ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 572.40 Td (income taxes. Across our product offerings, we serve approximately 50 million customers. We had revenue of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.54 572.40 Td ($6.0 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.04 572.40 Td ( in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 561.60 Td (our fiscal year ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 136.71 561.60 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 190.08 561.60 Td (, with approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 274.78 561.60 Td (8,900) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 297.30 561.60 Td ( employees in major offices in the United States, Canada, India, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 550.80 Td (the United Kingdom, Israel, Australia, and other locations.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 534.00 Td (Intuit Inc. was incorporated in California in March1984. We reincorporated in Delaware and completed our initial public ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 523.20 Td (offering in March1993. Our principal executive offices are located at 2700 Coast Avenue, Mountain View, California, 94043, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 512.40 Td (and our main telephone number is 650-944-6000. Our corporate website, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 349.51 512.40 Td (www.intuit.com) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.04 512.40 Td (, provides materials for investors and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 501.60 Td (information relating to Intuits corporate governance. The content on any website referred to in this filing is not incorporated ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 490.80 Td (by reference into this filing unless expressly noted otherwise. When we refer to we, our or Intuit in this Annual Report ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 480.00 Td (on Form 10-K, we mean the current Delaware corporation \(Intuit Inc.\) and its California predecessor, as well as all of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 469.20 Td (consolidated subsidiaries.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 448.20 Td (Available Information) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 431.40 Td (We file reports required of public companies with the Securities and Exchange Commission \(SEC\). These include annual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 420.60 Td (reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, proxy statements and other reports, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 409.80 Td (amendments to these reports. The public may read and copy the materials we file with or furnish to the SEC at the SECs ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 399.00 Td (Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. The public may obtain information on the operation of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 388.20 Td (the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains a website at ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 466.53 388.20 Td (www.sec.gov) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.41 388.20 Td ( that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 377.40 Td (contains reports, proxy and information statements, and other information regarding issuers that file electronically with the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 366.60 Td (SEC. We make available free of charge on the Investor Relations section of our corporate website all of the reports we file with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 355.80 Td (or furnish to the SEC as soon as reasonably practicable after the reports are filed or furnished. Copies of this Annual Report on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 345.00 Td (Form 10-K may also be obtained without charge by contacting Investor Relations, Intuit Inc., P.O. Box 7850, Mountain View, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 334.20 Td (California 94039-7850 or by calling 650-944-6000.) 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Our customers include consumers, small businesses, and the self-employed. Working with a broad array of vital partners ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 239.80 Td ( accountants, developers, financial institutions, schools, governments and other platform companies, such as Apple and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 229.00 Td (Google we strive to deliver three benefits that matter most to our customers:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 212.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 212.20 Td (Helping consumers save money, and enabling small businesses and the self-employed to grow and prosper.) 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Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 167.80 Td (We build durable competitive advantage by delivering personalized experiences via our trusted open platform that builds ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 157.00 Td (connections between customers, partners and products, as described in our Growth Strategy below. ) Tj ET Q endstream endobj 13 0 obj <>] /Rotate 0 /Contents 14 0 R>> endobj 14 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 591.95 24.70 Td (5 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 741.45 Td (Our Business Portfolio) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 724.65 Td (We organize our businesses into ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 182.65 724.65 Td (three) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 203.84 724.65 Td ( reportable segments:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 714.15 512.00 -124.00 re f /GS0 gs BT /F5 1.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 71.00 710.89 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 71.00 697.09 Td (Small Business & Self-Employed) Tj ET Q BT /F2 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 219.73 697.09 Td (:) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 222.69 697.09 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 225.47 697.09 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 228.25 697.09 Td (This segment targets small businesses and the self-employed around the globe, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 687.85 Td (and the accounting professionals who serve and advise them. Our offerings include QuickBooks financial and business ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 678.85 Td (management online services and desktop software, payroll solutions, payment processing solutions, and financing for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 669.85 Td (small businesses. ) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 71.00 654.09 Td (Consumer) Tj ET Q BT /F2 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 118.20 654.09 Td (:) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 121.16 654.09 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 124.12 654.09 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 126.90 654.09 Td (This segment targets consumers and includes do-it-yourself and assisted TurboTax income tax preparation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 644.85 Td (products and services sold in the U.S. and Canada. Our Mint and Turbo offerings target consumers and help them ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 635.85 Td (understand and improve their financial lives by offering a view of their financial health.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 71.00 620.09 Td (Strategic Partner) Tj ET Q BT /F2 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 150.83 620.09 Td (:) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 153.79 620.09 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 159.35 620.09 Td (This segment targets professional accountants in the U.S. and Canada, who are essential to both ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 610.85 Td (small business success and tax preparation and filing. Our professional tax offerings include Lacerte, ProSeries, ProFile, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 601.85 Td (and ProConnect Tax Online. ) Tj ET Q BT /F3 1.00 Tf ET q 0 0 0 rg BT 71.00 592.89 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 566.65 Td (Our Growth Strategy) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 549.85 Td (At Intuit, our strategy starts with a focus on our customers. We listen to our customers, understand their challenges, and then ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 539.05 Td (use technology to develop innovative solutions designed to solve their problems and help them prosper. For more than three ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 528.25 Td (decades, we have reinvented and disrupted ourselves to better serve our customers, as we continue to transform to a global ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 517.45 Td (platform and product company. Our assessment of external trends the emergence and influence of the digital generation, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 506.65 Td (and the growth in the self-employed workforce reveals significant opportunities to drive future growth. The result is a global ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 495.85 Td (market that is shifting from traditional services that are manual in nature to more automated, interconnected services that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 485.05 Td (work on platforms and increasingly rely on artificial intelligence and machine learning. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 468.25 Td (Our strategy is built on the strength of our One Intuit Ecosystem, a connected, one-stop destination for customers to make ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 457.45 Td (their financial lives easier. Our evolving strategy focuses on three elements: ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 440.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 86.00 440.65 Td (Personalized experiences) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 192.69 440.65 Td (:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 195.35 440.65 Td ( With customer provided data and the use of artificial intelligence and machine learning, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 429.85 Td (we can create increasingly valuable personalized and easy to use experiences that delight and serve our customers. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 419.05 Td (For example, our TurboTax solutions use machine learning to create a customized interview, asking questions ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 408.25 Td (uniquely tailored to each individual situation. By delivering an amazing end-to-end experience, we offer customers ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 397.45 Td (the value they expect from our offerings as quickly and easily as possible.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 380.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 86.00 380.65 Td (Trusted open platform) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 180.66 380.65 Td (:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 183.33 380.65 Td ( Our open platform allows our customers to use and share their financial data with us and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 369.85 Td (third party partners to help improve their financial lives. One example of this is our QuickBooks open platform, where ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 359.05 Td (small businesses and accountants can install apps created by third-party developers to enhance the functionality and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 348.25 Td (personalization of the QuickBooks experience.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 331.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 86.00 331.45 Td (Indispensable connections) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 196.52 331.45 Td (:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 199.18 331.45 Td ( Within our One Intuit Ecosystem, we strive to build connections between customers, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 320.65 Td (partners, and products on our platform. For example, our TurboTax Live offering connects our TurboTax customers ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 309.85 Td (with tax experts. Additionally, QuickBooks offers a match-making service that connects small businesses with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 299.05 Td (accountants, helping small businesses succeed and accountants grow their practices.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 282.25 Td (As part of our strategy, we also develop relationships with strategic partners that enable us to serve consumers, the self-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 271.45 Td (employed and small businesses globally. Strategic partners include financial institutions, enterprise platforms, educational ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 260.65 Td (institutions and accountants, and our strategy allows us to co-create indispensable connections by sharing expertise, product ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 249.85 Td (integrations, and new solutions to solve more customer problems.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 233.05 Td (We are well positioned to succeed in this evolving environment with our online service offerings. Our total service and other ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 222.25 Td (revenue was $) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 107.54 222.25 Td (4.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 120.05 222.25 Td ( billion, or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 163.07 222.25 Td (75) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 173.07 222.25 Td ( percent, of our total revenue in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.35 222.25 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 346.37 222.25 Td (.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 201.25 Td (Summary) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 184.45 Td (As the external environment evolves, we adapt our strategy to meet these changes. Our commitment remains consistent and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 173.65 Td (has been our success formula for more than 30 years: a focus on developing innovative financial and compliance products and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 162.85 Td (services that are easy to use and are available where and when customers need them. As a result, our customers actively ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 152.05 Td (recommend our products and solutions to others, which is one important way that we measure the success of our strategy.) Tj ET Q endstream endobj 15 0 obj <>] /Rotate 0 /Contents 16 0 R>> endobj 16 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 591.95 24.70 Td (6 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 50.5 732.5 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 732.5 l 52.5 732.5 m 53.5 732.5 l 54.5 732.5 m 55.5 732.5 l 56.5 732.5 m 57.5 732.5 l 58.5 732.5 m 59.5 732.5 l 60.5 732.5 m 61.5 732.5 l 62.5 732.5 m 63.5 732.5 l 64.5 732.5 m 65.5 732.5 l 66.5 732.5 m 67.5 732.5 l 68.5 732.5 m 69.5 732.5 l 70.5 732.5 m 71.5 732.5 l 72.5 732.5 m 73.5 732.5 l 74.5 732.5 m 75.5 732.5 l 76.5 732.5 m 77.5 732.5 l 78.5 732.5 m 79.5 732.5 l 80.5 732.5 m 81.5 732.5 l 82.5 732.5 m 83.5 732.5 l 84.5 732.5 m 85.5 732.5 l 86.5 732.5 m 87.5 732.5 l 88.5 732.5 m 89.5 732.5 l 90.5 732.5 m 91.5 732.5 l 92.5 732.5 m 93.5 732.5 l 94.5 732.5 m 95.5 732.5 l 96.5 732.5 m 97.5 732.5 l 98.5 732.5 m 99.5 732.5 l 100.5 732.5 m 101.5 732.5 l 102.5 732.5 m 103.5 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732.5 l 532.5 732.5 m 533.5 732.5 l 534.5 732.5 m 535.5 732.5 l 536.5 732.5 m 537.5 732.5 l 538.5 732.5 m 539.5 732.5 l 540.5 732.5 m 541.5 732.5 l 542.5 732.5 m 543.5 732.5 l 544.5 732.5 m 545.5 732.5 l 546.5 732.5 m 547.5 732.5 l 548.5 732.5 m 549.5 732.5 l 550.5 732.5 m 551.5 732.5 l 552.5 732.5 m 553.5 732.5 l 554.5 732.5 m 555.5 732.5 l 556.5 732.5 m 557.5 732.5 l 558.5 732.5 m 559.5 732.5 l 560.5 732.5 m 561.5 732.5 l 562.5 732.5 m s BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 737.68 Td (PRODUCTS AND SERVICES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 713.20 Td (During fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 102.51 713.20 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 122.52 713.20 Td ( we offered our products and services in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.48 713.20 Td (three) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.67 713.20 Td ( segments described in ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 419.86 713.20 Td (Business Overview) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.23 713.20 Td ( above. The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 702.40 Td (following table shows the classes of similar products or services that accounted for 5% or more of total net revenue within the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 691.65 Td (last three fiscal years. ) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 392.50 681.15 50.00 -13.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 392.50 668.15 50.00 -4.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 392.50 664.15 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 392.50 649.15 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 392.50 634.15 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 668.15 m 442.5 668.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 668.15 m 502.5 668.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 668.15 m 562.5 668.15 l s BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.10 678.65 41.77 -8.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 396.10 672.60 Td (Fiscal 2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.10 672.60 Td (Fiscal 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.10 672.60 Td (Fiscal 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 653.85 Td (Small Business & Self-Employed) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 424.45 653.85 Td (50) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 434.50 653.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 484.45 653.85 Td (49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.50 653.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 653.85 Td (47) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 653.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 638.85 Td (Consumer) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 424.45 638.85 Td (42) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 434.50 638.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 484.45 638.85 Td (43) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.50 638.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 638.85 Td (44) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 638.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 623.85 Td (Strategic Partner) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 429.45 623.85 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 434.50 623.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 489.45 623.85 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.50 623.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.45 623.85 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 623.85 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 599.80 Td (International total net revenue was less than 5% of consolidated total net revenue for fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.41 599.80 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.43 599.80 Td (, fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.93 599.80 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.95 599.80 Td (, and fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.13 599.80 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.14 599.80 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 583.00 Td (For financial information about our reportable segments, see ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 298.16 583.00 Td (Managements Discussion and Analysis of Financial Condition ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 572.20 Td (and Results of Operations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 159.39 572.20 Td ( in Item7 and Note 14 to the financial statements in Item8 of this Annual Report.) Tj ET Q BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 544.00 Td (Small Business & Self-Employed) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 527.20 Td (Our Small Business & Self-Employed segment targets small businesses and the self-employed around the globe, and the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 516.40 Td (accounting professionals who serve and advise them. Our offerings include QuickBooks financial and business management ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 505.60 Td (online services and desktop software, payroll and payment processing solutions, financial supplies, and financing for small ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 494.80 Td (businesses. ) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 478.00 Td (QuickBooks Online Services and Desktop Software) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 264.32 478.00 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 266.98 478.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 269.65 478.00 Td (Our easy-to-use QuickBooks financial management solutions help small ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 467.20 Td (businesses, the self-employed, and accounting professionals solve financial and compliance problems, make more money and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 456.40 Td (reduce unnecessary work, while giving them complete confidence in their actions and decisions. Users can track income and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 445.60 Td (expenses, create and send invoices and estimates, manage and pay bills, and review a variety of financial reports. Our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 434.80 Td (QuickBooks offering is accessible online and via a desktop version.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 418.00 Td (QuickBooks is built on an open platform, allowing third-party developers to create online and mobile applications that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 407.20 Td (integrate with our offering.A growing number of companies offer applications built for our QuickBooks platform, including ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 396.40 Td (PayPal, Shopify, Square, and Bill.com. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 379.60 Td (In addition to our core QuickBooks offering, we also offer specific solutions for the following customer segments:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 362.80 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 86.00 362.80 Td (Enterprise) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 127.35 362.80 Td (. Our QuickBooks Enterprise and QuickBooks Advanced offerings are designed for larger small businesses ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 352.00 Td (that have outgrown our QuickBooks product. QuickBooks Enterprise is available as either a hosted or server-based ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 341.20 Td (solution. This offering provides industry-specific reports and features for a range of industries, including Contractor, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 330.40 Td (Manufacturing and Wholesale, Nonprofit, and Retail. QuickBooks Advanced is an online enterprise solution.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 68.00 313.60 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 86.00 313.60 Td (Self-Employed) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.85 313.60 Td (. QuickBooks Self-Employed is designed specifically for self-employed customers whose needs are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 302.80 Td (different than small businesses that use QuickBooks. Features include categorizing business and personal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 292.00 Td (transactions, identifying and classifying tax deductible expenses, tracking mileage, calculating estimated quarterly ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 281.20 Td (taxes and sending invoices. QuickBooks Self-Employed can be combined with TurboTax to export and pay year-end ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 270.40 Td (taxes. QuickBooks Self-Employed is available both online and via a mobile application. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 253.60 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 86.00 253.60 Td (Accountants) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 136.21 253.60 Td (. QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus are available to accounting ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 242.80 Td (professionals who use QuickBooks offerings and recommend them to their small business clients. These offerings ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 232.00 Td (provide the tools and file-sharing capabilities that accounting professionals need to efficiently complete bookkeeping ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 221.20 Td (and financial reporting tasks and to manage their practices. We also offer memberships to the QuickBooks ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 210.40 Td (ProAdvisor program, providing QuickBooks Online Accountant, QuickBooks Accountant Desktop Plus, QuickBooks ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 199.60 Td (Desktop Enterprise Accountant, QuickBooks Point of Sale Desktop, technical support, training, product certification, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 188.80 Td (access to marketing tools, and discounts on Intuit products and services purchased on behalf of clients.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 169.00 Td (Payroll Solutions) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 119.85 169.00 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 122.51 169.00 Td ( We offer two levels of payroll solutions that are sold on a subscription basis and seamlessly integrate with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 158.20 Td (our QuickBooks Online and QuickBooks Desktop offerings. Our basic payroll offering includes online payroll processing, direct ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 147.45 Td (deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 136.65 Td (federal and state payroll tax forms. In addition, our full-service payroll offering provides comprehensive payroll services to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 125.85 Td (QuickBooks customers who prefer not to perform payroll tasks themselves.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 109.05 Td (Payment Processing Solutions) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 175.66 109.05 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 178.32 109.05 Td ( Our full range of merchant services for small businesses includes credit card, debit card, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 98.25 Td (electronic benefits, and gift card processing services; check verification, check guarantee, and electronic check conversion, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 87.45 Td (including automated clearing house capabilities. We also provide web-based transaction processing services for online ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 76.65 Td (merchants. In addition to transaction processing services, our broad support for our clients includes customer service, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 65.85 Td (merchant and consumer collections, chargeback and retrieval support, and fraud and loss prevention screening. We also offer ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 55.05 Td (e-invoicing, which allows small businesses to email invoices directly from QuickBooks with a Pay Now link and enables ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 44.25 Td (customers to instantly pay online or from their mobile device.) Tj ET Q endstream endobj 17 0 obj <>] /Rotate 0 /Contents 18 0 R>> endobj 18 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 591.95 24.70 Td (7 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 742.20 Td (Financial Supplies) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 124.71 742.20 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 127.37 742.20 Td ( We offer a range of financial supplies designed for individuals and small businesses that use our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (QuickBooks offerings. These include standard paper checks and Secure Plus checks with CheckLock fraud protection features; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (envelopes, invoices and deposit slips; and business identity products, such as business cards and stationery. We also offer tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 709.80 Td (forms, tax return presentation folders and other supplies for professional tax preparers.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 693.00 Td (Financing for Small Businesses) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 177.67 693.00 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 179.92 693.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 182.17 693.00 Td (We offer financing options for small businesses to help them get the capital they need to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 682.20 Td (succeed.The financing process provides small businesses the ability to use their QuickBooks data to qualify to borrow capital. ) Tj ET Q BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 654.00 Td (Consumer) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 637.20 Td (Our TurboTax products and services are designed to enable individuals to prepare and file their own federal and state ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 626.40 Td (personal income tax returns quickly and accurately. They are designed to be easy to use, yet sophisticated enough for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 615.60 Td (complex tax returns. Most of these offerings are available on both desktop and mobile devices.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 595.80 Td (Tax Return Preparation Offerings) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 189.11 595.80 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 191.78 595.80 Td ( For the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 225.98 595.80 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.99 595.80 Td ( tax season, we offered a range of software products and services that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 585.00 Td (included TurboTax Basic, for simple returns; TurboTax Deluxe, for taxpayers who itemize deductions; TurboTax Premier, for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 574.20 Td (taxpayers who own investments or rental property; and TurboTax Home and Business and TurboTax Self-Employed, for small ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 563.40 Td (business owners. We also offered TurboTax Free Edition for the simplest returns. We launched a new offering in the 2017 tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 552.60 Td (season, TurboTax Live, which provides live tax advice to customers. TurboTax AnswerXchange is an online forum where ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 541.80 Td (participants can learn from and share information with other users while preparing their income tax returns. For the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.26 541.80 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.28 541.80 Td ( tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 531.00 Td (season, our online tax preparation and filing services were offered through the websites of thousands of financial institutions, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 520.20 Td (electronic retailers, and other online merchants. Financial institutions can offer our online tax preparation and filing services to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 509.40 Td (their customers through a link to TurboTax Online. Our TurboTax U.S. and Canada offerings consist of desktop, online, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 498.60 Td (mobile offerings.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 478.80 Td (Electronic Filing and Other Services) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 200.06 478.80 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 202.72 478.80 Td ( Our desktop, online, and mobile tax preparation customers can electronically file their ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 468.00 Td (federal and state income tax returns through our electronic filing center. For the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.88 468.00 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.90 468.00 Td ( tax season, TurboTax customers had the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 457.20 Td (option to receive their income tax refunds on a prepaid debit card that we provided through a partner. We also offered audit ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 446.40 Td (defense, audit support, identity restoration services, and credit scores.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 426.60 Td (Intuit Tax Freedom Project) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 161.60 426.60 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 164.26 426.60 Td ( Under the Intuit Tax Freedom Project, we provide online federal and state income tax return ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 415.80 Td (preparation and electronic filing services at no charge to eligible taxpayers. For the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.84 415.80 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.86 415.80 Td ( tax season, we provided ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 405.00 Td (approximately 1.2 million free federal returns under this initiative. We are a member of the Free File Alliance, a consortium of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 394.20 Td (private sector companies that has entered into an agreement with the federal government to provide free online federal tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 383.40 Td (preparation and filing services to eligible taxpayers. See also ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 296.92 383.40 Td (Competition Consumer Segment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.84 383.40 Td ( later in this Item1 for more ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 372.60 Td (information on the Free File Alliance.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 352.80 Td (Other Consumer Offerings. ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 167.49 352.80 Td (Our Mint and Turbo offerings target consumers and help them understand and improve their ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 342.00 Td (financial lives by offering a view of their financial health.) Tj ET Q BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 313.80 Td (Strategic Partner) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 297.00 Td (Our Strategic Partner segment includes our professional tax offerings and targets professional accountants in the U.S. and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 286.20 Td (Canada, who are essential to both small business success and tax preparation and filing. Our professional tax offerings consist ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 275.40 Td (of Lacerte, ProSeries, and ProConnect Tax Online andenable accountants to accurately and efficiently complete and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 264.60 Td (electronically file a full range of consumer, small business, and commercial federal and state tax returns with both desktop and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 253.80 Td (online offerings.Lacerte is designed for full-service year-round accounting firms who handle more complex returns. ProSeries ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 243.00 Td (is designed for year-round tax practices handling moderately complex tax returns.ProConnect Tax Online is our cloud-based ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 232.20 Td (solution, which is designed for full-service year-round practices who prepare all forms of consumer and small business returns ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 221.40 Td (and integrates with our QuickBooks Online offerings.ProFile is our Canadian tax offering, which serves year-round full-service ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 210.60 Td (accounting firms for both consumer and business tax returns. We also offer a variety of tax-related services that complement ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 199.80 Td (the tax return preparation process including year-round document storage and access, collaboration services, e-signature, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 189.00 Td (bank products.) 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Our product development efforts are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 104.80 Td (becoming more important than ever as we pursue our growth strategy.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 88.00 Td (We develop many of our products and services internally, and we have a number of United States and foreign patents and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 77.20 Td (pending applications that relate to various aspects of our products and technology. We also supplement our internal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 66.40 Td (development efforts by acquiring or licensing products and technology from third parties, and establishing other relationships ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 55.60 Td (that enable us to enhance or expand our offerings more rapidly. We expect to expand our third-party technology relationships ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 44.80 Td (as we continue to pursue our growth strategy.) Tj ET Q endstream endobj 19 0 obj <>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 591.95 24.70 Td (8 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (While our traditional desktop software products QuickBooks, TurboTax, Lacerte, and ProSeries tend to have predictable ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (annual development and product release cycles, as we move to more online offerings and mobile applications, the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (development cycles are becoming more rapid. In addition, developing consumer and professional tax software and services ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 709.80 Td (presents unique challenges because of the demanding development cycle required to accurately incorporate federal and state ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 699.00 Td (tax law and tax form changes within a rigid timetable. The development timing for our small business payroll and merchant ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 688.20 Td (payment processing services offerings varies with business needs and regulatory requirements, and the length of the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 677.40 Td (development cycle depends on the scope and complexity of each project.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 660.60 Td (We continue to make substantial investments in research and development, and we expect to focus our future research and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 649.80 Td (development efforts on enhancing existing products and services with financial recommendations, personalization, and ease of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 639.00 Td (use enabled by artificial intelligence and machine learning. We continue to focus on developing new products and services, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 628.20 Td (including new mobile and global offerings, and significant research and development efforts on ongoing projects to update ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 617.40 Td (the technology platforms for several of our offerings. Our research and development expenses were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.79 617.40 Td ($1.2 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.29 617.40 Td ( or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.81 617.40 Td (20%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.32 617.40 Td ( of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 606.60 Td (total net revenue in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 153.72 606.60 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 173.74 606.60 Td (; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 178.74 606.60 Td ($998 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 227.92 606.60 Td ( or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 241.44 606.60 Td (19%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.94 606.60 Td ( of total net revenue in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.85 606.60 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.87 606.60 Td (; and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.55 606.60 Td ($881 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.72 606.60 Td (or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.24 606.60 Td (19%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.75 606.60 Td ( of total net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 595.80 Td (revenue in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 117.03 595.80 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 137.05 595.80 Td (.) 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475.5 560.3 l 476.5 560.3 m 477.5 560.3 l 478.5 560.3 m 479.5 560.3 l 480.5 560.3 m 481.5 560.3 l 482.5 560.3 m 483.5 560.3 l 484.5 560.3 m 485.5 560.3 l 486.5 560.3 m 487.5 560.3 l 488.5 560.3 m 489.5 560.3 l 490.5 560.3 m 491.5 560.3 l 492.5 560.3 m 493.5 560.3 l 494.5 560.3 m 495.5 560.3 l 496.5 560.3 m 497.5 560.3 l 498.5 560.3 m 499.5 560.3 l 500.5 560.3 m 501.5 560.3 l 502.5 560.3 m 503.5 560.3 l 504.5 560.3 m 505.5 560.3 l 506.5 560.3 m 507.5 560.3 l 508.5 560.3 m 509.5 560.3 l 510.5 560.3 m 511.5 560.3 l 512.5 560.3 m 513.5 560.3 l 514.5 560.3 m 515.5 560.3 l 516.5 560.3 m 517.5 560.3 l 518.5 560.3 m 519.5 560.3 l 520.5 560.3 m 521.5 560.3 l 522.5 560.3 m 523.5 560.3 l 524.5 560.3 m 525.5 560.3 l 526.5 560.3 m 527.5 560.3 l 528.5 560.3 m 529.5 560.3 l 530.5 560.3 m 531.5 560.3 l 532.5 560.3 m 533.5 560.3 l 534.5 560.3 m 535.5 560.3 l 536.5 560.3 m 537.5 560.3 l 538.5 560.3 m 539.5 560.3 l 540.5 560.3 m 541.5 560.3 l 542.5 560.3 m 543.5 560.3 l 544.5 560.3 m 545.5 560.3 l 546.5 560.3 m 547.5 560.3 l 548.5 560.3 m 549.5 560.3 l 550.5 560.3 m 551.5 560.3 l 552.5 560.3 m 553.5 560.3 l 554.5 560.3 m 555.5 560.3 l 556.5 560.3 m 557.5 560.3 l 558.5 560.3 m 559.5 560.3 l 560.5 560.3 m 561.5 560.3 l 562.5 560.3 m s BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 565.48 Td (SEASONALITY) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 544.00 Td (Our Consumer offerings have significant seasonal patterns. As a result, during each of the last three fiscal years the total ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 533.20 Td (consolidated revenue for our third quarter ended April30 has represented nearly half of our annual total consolidated revenue ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 522.40 Td (for those years. We expect the seasonality of our Consumer business to continue to have a significant impact on our quarterly ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 511.60 Td (financial results in the future.) 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475.5 476.1 l 476.5 476.1 m 477.5 476.1 l 478.5 476.1 m 479.5 476.1 l 480.5 476.1 m 481.5 476.1 l 482.5 476.1 m 483.5 476.1 l 484.5 476.1 m 485.5 476.1 l 486.5 476.1 m 487.5 476.1 l 488.5 476.1 m 489.5 476.1 l 490.5 476.1 m 491.5 476.1 l 492.5 476.1 m 493.5 476.1 l 494.5 476.1 m 495.5 476.1 l 496.5 476.1 m 497.5 476.1 l 498.5 476.1 m 499.5 476.1 l 500.5 476.1 m 501.5 476.1 l 502.5 476.1 m 503.5 476.1 l 504.5 476.1 m 505.5 476.1 l 506.5 476.1 m 507.5 476.1 l 508.5 476.1 m 509.5 476.1 l 510.5 476.1 m 511.5 476.1 l 512.5 476.1 m 513.5 476.1 l 514.5 476.1 m 515.5 476.1 l 516.5 476.1 m 517.5 476.1 l 518.5 476.1 m 519.5 476.1 l 520.5 476.1 m 521.5 476.1 l 522.5 476.1 m 523.5 476.1 l 524.5 476.1 m 525.5 476.1 l 526.5 476.1 m 527.5 476.1 l 528.5 476.1 m 529.5 476.1 l 530.5 476.1 m 531.5 476.1 l 532.5 476.1 m 533.5 476.1 l 534.5 476.1 m 535.5 476.1 l 536.5 476.1 m 537.5 476.1 l 538.5 476.1 m 539.5 476.1 l 540.5 476.1 m 541.5 476.1 l 542.5 476.1 m 543.5 476.1 l 544.5 476.1 m 545.5 476.1 l 546.5 476.1 m 547.5 476.1 l 548.5 476.1 m 549.5 476.1 l 550.5 476.1 m 551.5 476.1 l 552.5 476.1 m 553.5 476.1 l 554.5 476.1 m 555.5 476.1 l 556.5 476.1 m 557.5 476.1 l 558.5 476.1 m 559.5 476.1 l 560.5 476.1 m 561.5 476.1 l 562.5 476.1 m s BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 481.28 Td (MARKETING, SALES AND DISTRIBUTION CHANNELS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 455.60 Td (Markets ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 438.80 Td (Our primary target customers are consumers, small businesses, and the self-employed. We also provide specialized tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 428.00 Td (products to accounting professionals, who are key partners to help us reach small business customers. The markets in which ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 417.20 Td (we compete have always been characterized by rapid technological change, shifting customer needs, and frequent new ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 406.40 Td (product introductions and enhancements by competitors. Over the past several years, the widespread usage of mobile ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 395.60 Td (devices and the explosion of social media have accelerated the pace of change and revolutionized the way that customers ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 384.80 Td (learn about, evaluate, and purchase products and services.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 368.00 Td (Real-time, personalized online and mobile shopping experiences are the standard. In addition, many customers now begin ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 357.20 Td (shopping in one channel and ultimately purchase in another. This has created a need for integrated, multi-channel, shop-and-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 346.40 Td (buy experiences. Market and industry changes quickly make existing products and services obsolete. Our success depends on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 335.60 Td (our ability to respond rapidly to these changes with new business models, updated competitive strategies, new or enhanced ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 324.80 Td (products and services, alternative distribution methods, and other changes in the way we do business.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 300.80 Td (Marketing Programs) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 284.00 Td (We use a variety of marketing programs to generate direct sales, develop leads, increase general awareness of our product ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 273.20 Td (portfolio, and drive sales in retail. These programs include digital marketing such as display and pay-per-click advertising, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 262.40 Td (search engine optimization, and social and affiliate marketing; mobile marketing through online app stores; email marketing; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 251.60 Td (offline marketing such as TV, radio, billboard, magazine and newspaper advertising; retail marketing; public relations; and in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 240.80 Td (product marketing to drive awareness of related products and services.Our campaigns are designed to attract new users, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 230.00 Td (retain existing users, and cross sell additional offerings.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 206.00 Td (Sales and Distribution Channels) Tj ET Q BT /F4 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 189.20 Td (Multi-Channel Shop-and-Buy Experiences) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.72 189.20 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 220.23 189.20 Td ( Our customers use the web and mobile devices to research products and services. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 178.40 Td (Some customers buy and use our products and services entirely online or through their mobile devices. Others research online ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 167.60 Td (but make their purchase at a retail location. Because many customers shop across multiple channels, we continue to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 156.80 Td (coordinate our online, offline, and retail presence and promotions to support an integrated, multi-channel, shop-and-buy ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 146.00 Td (model.) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 126.20 Td (Direct Sales Channel) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 133.20 126.20 Td (. We sell many of our products and services directly through our websites and call centers. Direct, online ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 115.40 Td (sales are an effective channel for customers who can make purchase decisions based on content provided on our websites, via ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 104.60 Td (other online content or word of mouth recommendations.Telesales continues to be an effective channel for serving customers ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 93.80 Td (that want live help to select the products and services that are right for their needs. We also have a direct sales force that calls ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 83.00 Td (on U.S. and international accounting firms and seeks to increase their awareness, usage, and recommendation of our small ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 72.20 Td (business and professional tax solutions.) Tj ET Q endstream endobj 21 0 obj <>] /Rotate 0 /Contents 22 0 R>> endobj 22 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 591.95 24.70 Td (9 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 742.20 Td (Retail Channel) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 108.35 742.20 Td (. We sell our QuickBooks and TurboTax desktop software as well as payroll services and merchant credit card ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (payment processing services at retail locations across the United States and on retailer websites. We sell these products and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (services directly and through distributors to office supply superstores, warehouse clubs, consumer electronics retailers, general ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 709.80 Td (mass merchandisers, online retailers, and catalogs. In Canada, we also rely on distributors and other third parties who sell ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 699.00 Td (products into the retail channel. The retail channel provides broad customer reach through retailer-sponsored advertising and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 688.20 Td (exposure to retail foot and online traffic. This channel also gives us the opportunity to communicate our products, services, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 677.40 Td (and messages through multiple touch points and allows us to serve our customers at relatively modest cost.) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 657.60 Td (Mobile Application Stores) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 155.04 657.60 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 157.54 657.60 Td ( We distribute many of our offerings for mobile devices through proprietary online stores that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 646.80 Td (provide applications for specific devices. These include the Apple App Store, which provides apps for the Apple iPhone and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 636.00 Td (iPad, and Googles Play Store, which provides apps for Android-compatible smartphones and tablets. ) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 616.20 Td (Other Channels) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.37 616.20 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.87 616.20 Td ( We sell our consumer and small business products and services through selected alliance partners and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 605.40 Td (accountants that help us reach new customers at the point of need and drive growth and market share by extending our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 594.60 Td (online reach. Solution providers combine our products and services with value-added marketing, sales, and technical expertise ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 583.80 Td (to deliver a complete solution at the local level. As we expand our mobile and global offerings, we expect that strategic ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 573.00 Td (partnerships will become increasingly important to our business. ) Tj ET Q 50.5 537.5 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 537.5 l 52.5 537.5 m 53.5 537.5 l 54.5 537.5 m 55.5 537.5 l 56.5 537.5 m 57.5 537.5 l 58.5 537.5 m 59.5 537.5 l 60.5 537.5 m 61.5 537.5 l 62.5 537.5 m 63.5 537.5 l 64.5 537.5 m 65.5 537.5 l 66.5 537.5 m 67.5 537.5 l 68.5 537.5 m 69.5 537.5 l 70.5 537.5 m 71.5 537.5 l 72.5 537.5 m 73.5 537.5 l 74.5 537.5 m 75.5 537.5 l 76.5 537.5 m 77.5 537.5 l 78.5 537.5 m 79.5 537.5 l 80.5 537.5 m 81.5 537.5 l 82.5 537.5 m 83.5 537.5 l 84.5 537.5 m 85.5 537.5 l 86.5 537.5 m 87.5 537.5 l 88.5 537.5 m 89.5 537.5 l 90.5 537.5 m 91.5 537.5 l 92.5 537.5 m 93.5 537.5 l 94.5 537.5 m 95.5 537.5 l 96.5 537.5 m 97.5 537.5 l 98.5 537.5 m 99.5 537.5 l 100.5 537.5 m 101.5 537.5 l 102.5 537.5 m 103.5 537.5 l 104.5 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l 176.5 537.5 m 177.5 537.5 l 178.5 537.5 m 179.5 537.5 l 180.5 537.5 m 181.5 537.5 l 182.5 537.5 m 183.5 537.5 l 184.5 537.5 m 185.5 537.5 l 186.5 537.5 m 187.5 537.5 l 188.5 537.5 m 189.5 537.5 l 190.5 537.5 m 191.5 537.5 l 192.5 537.5 m 193.5 537.5 l 194.5 537.5 m 195.5 537.5 l 196.5 537.5 m 197.5 537.5 l 198.5 537.5 m 199.5 537.5 l 200.5 537.5 m 201.5 537.5 l 202.5 537.5 m 203.5 537.5 l 204.5 537.5 m 205.5 537.5 l 206.5 537.5 m 207.5 537.5 l 208.5 537.5 m 209.5 537.5 l 210.5 537.5 m 211.5 537.5 l 212.5 537.5 m 213.5 537.5 l 214.5 537.5 m 215.5 537.5 l 216.5 537.5 m 217.5 537.5 l 218.5 537.5 m 219.5 537.5 l 220.5 537.5 m 221.5 537.5 l 222.5 537.5 m 223.5 537.5 l 224.5 537.5 m 225.5 537.5 l 226.5 537.5 m 227.5 537.5 l 228.5 537.5 m 229.5 537.5 l 230.5 537.5 m 231.5 537.5 l 232.5 537.5 m 233.5 537.5 l 234.5 537.5 m 235.5 537.5 l 236.5 537.5 m 237.5 537.5 l 238.5 537.5 m 239.5 537.5 l 240.5 537.5 m 241.5 537.5 l 242.5 537.5 m 243.5 537.5 l 244.5 537.5 m 245.5 537.5 l 246.5 537.5 m 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l 390.5 537.5 m 391.5 537.5 l 392.5 537.5 m 393.5 537.5 l 394.5 537.5 m 395.5 537.5 l 396.5 537.5 m 397.5 537.5 l 398.5 537.5 m 399.5 537.5 l 400.5 537.5 m 401.5 537.5 l 402.5 537.5 m 403.5 537.5 l 404.5 537.5 m 405.5 537.5 l 406.5 537.5 m 407.5 537.5 l 408.5 537.5 m 409.5 537.5 l 410.5 537.5 m 411.5 537.5 l 412.5 537.5 m 413.5 537.5 l 414.5 537.5 m 415.5 537.5 l 416.5 537.5 m 417.5 537.5 l 418.5 537.5 m 419.5 537.5 l 420.5 537.5 m 421.5 537.5 l 422.5 537.5 m 423.5 537.5 l 424.5 537.5 m 425.5 537.5 l 426.5 537.5 m 427.5 537.5 l 428.5 537.5 m 429.5 537.5 l 430.5 537.5 m 431.5 537.5 l 432.5 537.5 m 433.5 537.5 l 434.5 537.5 m 435.5 537.5 l 436.5 537.5 m 437.5 537.5 l 438.5 537.5 m 439.5 537.5 l 440.5 537.5 m 441.5 537.5 l 442.5 537.5 m 443.5 537.5 l 444.5 537.5 m 445.5 537.5 l 446.5 537.5 m 447.5 537.5 l 448.5 537.5 m 449.5 537.5 l 450.5 537.5 m 451.5 537.5 l 452.5 537.5 m 453.5 537.5 l 454.5 537.5 m 455.5 537.5 l 456.5 537.5 m 457.5 537.5 l 458.5 537.5 m 459.5 537.5 l 460.5 537.5 m 461.5 537.5 l 462.5 537.5 m 463.5 537.5 l 464.5 537.5 m 465.5 537.5 l 466.5 537.5 m 467.5 537.5 l 468.5 537.5 m 469.5 537.5 l 470.5 537.5 m 471.5 537.5 l 472.5 537.5 m 473.5 537.5 l 474.5 537.5 m 475.5 537.5 l 476.5 537.5 m 477.5 537.5 l 478.5 537.5 m 479.5 537.5 l 480.5 537.5 m 481.5 537.5 l 482.5 537.5 m 483.5 537.5 l 484.5 537.5 m 485.5 537.5 l 486.5 537.5 m 487.5 537.5 l 488.5 537.5 m 489.5 537.5 l 490.5 537.5 m 491.5 537.5 l 492.5 537.5 m 493.5 537.5 l 494.5 537.5 m 495.5 537.5 l 496.5 537.5 m 497.5 537.5 l 498.5 537.5 m 499.5 537.5 l 500.5 537.5 m 501.5 537.5 l 502.5 537.5 m 503.5 537.5 l 504.5 537.5 m 505.5 537.5 l 506.5 537.5 m 507.5 537.5 l 508.5 537.5 m 509.5 537.5 l 510.5 537.5 m 511.5 537.5 l 512.5 537.5 m 513.5 537.5 l 514.5 537.5 m 515.5 537.5 l 516.5 537.5 m 517.5 537.5 l 518.5 537.5 m 519.5 537.5 l 520.5 537.5 m 521.5 537.5 l 522.5 537.5 m 523.5 537.5 l 524.5 537.5 m 525.5 537.5 l 526.5 537.5 m 527.5 537.5 l 528.5 537.5 m 529.5 537.5 l 530.5 537.5 m 531.5 537.5 l 532.5 537.5 m 533.5 537.5 l 534.5 537.5 m 535.5 537.5 l 536.5 537.5 m 537.5 537.5 l 538.5 537.5 m 539.5 537.5 l 540.5 537.5 m 541.5 537.5 l 542.5 537.5 m 543.5 537.5 l 544.5 537.5 m 545.5 537.5 l 546.5 537.5 m 547.5 537.5 l 548.5 537.5 m 549.5 537.5 l 550.5 537.5 m 551.5 537.5 l 552.5 537.5 m 553.5 537.5 l 554.5 537.5 m 555.5 537.5 l 556.5 537.5 m 557.5 537.5 l 558.5 537.5 m 559.5 537.5 l 560.5 537.5 m 561.5 537.5 l 562.5 537.5 m s BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 542.68 Td (COMPETITION) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 517.00 Td (Overview) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 500.20 Td (We face intense competition in all of our businesses, both domestically and internationally. Competitive interest and expertise ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 489.40 Td (in many of the markets we serve have grown markedly over the past few years and we expect this trend to continue. Some of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 478.60 Td (our existing competitors have significantly greater financial, technical, and marketing resources than we do. In addition, the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 467.80 Td (competitive landscape can shift rapidly as new companies enter markets in which we compete. This is particularly true for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 457.00 Td (online and mobile products and services, where the barriers to entry are lower than they are for desktop software products ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 446.20 Td (and services. To attract customers, many online and mobile competitors are offering free or low-priced products which we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 435.40 Td (must take into account in our pricing strategies.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 418.60 Td (Our most obvious competition comes from other companies that offer technology solutions similar to ours. However, for many ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 407.80 Td (of our products and services, other important competitive alternatives for customers are third-party service providers such as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 397.00 Td (professional accountants and seasonal assisted tax preparation businesses. Manual tools and processes, or general-purpose ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 386.20 Td (software, are also important competitive alternatives. ) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 362.20 Td (Competition Specific to Segments) Tj ET Q BT /F4 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 345.40 Td (Small Business & Self-Employed Segment) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.71 345.40 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 220.22 345.40 Td ( QuickBooks is the leading small business financial management software in the U.S. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 334.60 Td (Our small business desktop products and services face competitive challenges from companies such as The Sage Group plc, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 323.80 Td (which offers software and associated services that directly target small business customers. Our small business online products ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 313.00 Td (and services face competition from online accounting offerings from companies such as Xero and FreshBooks, free or low-cost ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 302.20 Td (online accounting offerings, and free online banking and bill payment services offered by financial institutions and others. In ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 291.40 Td (our payroll business we compete directly with Automatic Data Processing, Inc. \(ADP\), Paychex, Gusto, and many other ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 280.60 Td (companies with payroll offerings, including online payroll offerings. In our merchant services business we compete directly with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 269.80 Td (large financial institutions such as Wells Fargo, JP Morgan Chase, and Bank of America and with many payment processors, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 259.00 Td (including First Data Corporation, Elavon, Global Payments, Fidelity National Information Services, PayPal, and Square. ) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 239.20 Td (Consumer Segment) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 130.22 239.20 Td (. In our Consumer segment, our future growth depends on our ability to attract new customers to the self-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 228.40 Td (preparation tax category or to our new assisted offering, TurboTax Live, from tax stores and other tax preparers. In the U.S. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 217.60 Td (private sector we face intense competition from H&R Block, which provides tax preparation services in its stores and a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 206.80 Td (competing software offering. We also face competition from several other large tax preparation service providers, from a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 196.00 Td (myriad of small tax preparers, and from numerous online self-preparation offerings, including Blucoras TaxAct and Credit ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 185.20 Td (Karma. Some of these competitors are offering electronic tax preparation and filing services at no cost to individual taxpayers. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 174.40 Td (In Canada, our TurboTax Canada offerings face competition from H&R Block, SimpleTax, StudioTax, and UFile. These ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 163.60 Td (competing offerings subject us to significant price pressure in both the U.S. and Canada.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 146.80 Td (We also face competitive challenges from government entities that offer publicly funded electronic tax preparation and filing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 136.00 Td (services with no fees to individual taxpayers. We are a member of the Free File Alliance, a consortium of private sector ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 125.20 Td (companies that has entered into an agreement with the federal government. Under this agreement, the member companies ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 114.40 Td (provide online federal tax preparation and filing services to eligible users at no cost to the government or individual users, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 103.60 Td (the federal government has agreed not to provide a duplicative or competing service. Approximately 23 states have also ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 92.80 Td (adopted Free File Alliance public-private agreements while approximately 19 other states offer some form of direct ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 82.00 Td (government tax preparation and filing services with no fees to qualified taxpayers. We continue to actively work with others in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 71.20 Td (the private and public sectors to advance the goals of the Free File Alliance policy initiative and to support successful public-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 60.40 Td (private partnerships that reinforce the voluntary compliance tax system. However, future administrative, regulatory, or ) Tj ET Q endstream endobj 23 0 obj <>] /Rotate 0 /Contents 24 0 R>> endobj 24 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (10 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (legislative activity in this area could seek to replace the voluntary compliance tax system with return preparation by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (government agencies which could harm our Consumer business.) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 711.60 Td (Strategic Partner Segment) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 157.05 711.60 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 159.56 711.60 Td ( In the U.S., Lacerte professional tax offerings face competition from competitively-priced tax and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 700.80 Td (accounting solutions that include integration with non-tax functionality. These include CCHs ProSystems fx Office Suite and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 690.00 Td (Thomson Reuters CS Professional Suite and GoSystems Tax. Our ProSeries professional tax offerings face competition from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 679.20 Td (CCHs ATX and TaxWise offerings, Drake, and other smaller providers. In Canada, our ProFile professional tax offerings face ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 668.40 Td (competition from CCHs Cantax and Taxprep offerings, TaxCycle, and Thomson Reuters DTMax and UFile Pro offerings. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 657.60 Td (also face growing competition from online tax and accounting offerings in the U.S. and Canada, which may be marketed more ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 646.80 Td (effectively or have lower pricing than our offerings for accounting professionals.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 622.80 Td (Competitive Factors) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 606.00 Td (We believe the most important competitive factors for our core offerings QuickBooks, TurboTax, Lacerte, and ProSeries are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 595.20 Td (ease of use, product features, size of the installed customer base, brand name recognition, value proposition, cost, reliability, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 584.40 Td (security, and product and support quality. Access to distribution channels is also important for our QuickBooks and TurboTax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 573.60 Td (desktop software products. In addition, support from accounting professionals and the ability for customers to upgrade within ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 562.80 Td (product families as their businesses grow are significant competitive factors for our QuickBooks products. Productivity is an ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 552.00 Td (important competitive factor for the full-service accounting firms to which we market our Lacerte software products. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 541.20 Td (believe we compete effectively on these factors as our QuickBooks and TurboTax products are the leading products in the U.S. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 530.40 Td (for their respective categories.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 513.60 Td (For our service offerings such as small business payroll and merchant payment processing, we believe the most important ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 502.80 Td (competitive factors are functionality, ease of use, high availability, security, the integration of these products with related ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 492.00 Td (software, brand name recognition, effective distribution, quality of support, and cost.) 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456.5 m 547.5 456.5 l 548.5 456.5 m 549.5 456.5 l 550.5 456.5 m 551.5 456.5 l 552.5 456.5 m 553.5 456.5 l 554.5 456.5 m 555.5 456.5 l 556.5 456.5 m 557.5 456.5 l 558.5 456.5 m 559.5 456.5 l 560.5 456.5 m 561.5 456.5 l 562.5 456.5 m s BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 461.68 Td (CUSTOMER SERVICE AND TECHNICAL SUPPORT) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 437.20 Td (We provide customer service and technical support by telephone, e-mail, online and video chat, text messaging, online ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 426.40 Td (communities, and our customer service and technical support websites. We have full-time and outsourced customer service ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 415.60 Td (and technical support staffs. We supplement these staffs with seasonal employees and additional outsourcing during periods ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 404.80 Td (of peak call volumes, such as during the tax return filing season or following a major product launch. We outsource to several ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 394.00 Td (firms domestically and internationally. Most of our internationally outsourced small business customer service and technical ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 383.20 Td (support personnel are currently located in India and the Philippines.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 366.40 Td (We offer free self-help information through our technical support websites for our QuickBooks, TurboTax and professional tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 355.60 Td (offerings. Customers can also use our websites to find answers to commonly asked questions and check on the status of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 344.80 Td (orders. Under certain paid support plans, customers can also use our websites to receive product updates electronically. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 334.00 Td (Support alternatives and fees vary by product. We sponsor online user communities such as Intuit Community for small ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 323.20 Td (businesses and accounting professionals, and TurboTax AnswerXchange, where consumers can share knowledge and product ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 312.40 Td (advice with each other. We also offer live tax advice from U.S.-based tax professionals to TurboTax Live users.) 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276.9 m 547.5 276.9 l 548.5 276.9 m 549.5 276.9 l 550.5 276.9 m 551.5 276.9 l 552.5 276.9 m 553.5 276.9 l 554.5 276.9 m 555.5 276.9 l 556.5 276.9 m 557.5 276.9 l 558.5 276.9 m 559.5 276.9 l 560.5 276.9 m 561.5 276.9 l 562.5 276.9 m s BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 282.08 Td (MANUFACTURING AND DISTRIBUTION) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 253.40 Td (Online Products and Services) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 236.60 Td (Our online offerings include QuickBooks Online, online payroll services, merchant payment processing services, TurboTax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 225.80 Td (Online, ProConnect Tax Online, consumer and professional electronic tax filing services, Mint, and Turbo. We continue to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 215.00 Td (execute on a multi-year plan to transition the systems, networks and databases required to operate these online offerings to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 204.20 Td (Amazon Web Services \(AWS\). Currently, several of our core online offerings are using AWS. The remaining online offerings are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 193.40 Td (housed in data centers located in geographically diverse locations. As our businesses continue to move toward delivering ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 182.60 Td (personalized experiences, trusted open platforms and indispensable connections, we expect that our infrastructure will ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 171.80 Td (become even more critical to our business in the future.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 147.80 Td (Desktop Software and Supplies) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 131.00 Td (Although an increasing proportion of our desktop software customers choose to electronically download software, many ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 120.20 Td (customers continue to choose to purchase these products in the form of physical media. The key processes in manufacturing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 109.40 Td (desktop software are manufacturing compact discs \(CDs\) and digital video discs \(DVDs\), printing boxes and related materials, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 98.60 Td (and assembling and shipping the final products.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 81.80 Td (For retail manufacturing, we have an agreement with Arvato Digital Services, Inc. \(Arvato\), a division of Bertelsmann AG, under ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 71.00 Td (which Arvato provides a majority of the manufacturing volume for our launches of QuickBooks and TurboTax, as well as for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 60.20 Td (day-to-day replenishment after product launches. Arvato has operations in multiple locations that can provide redundancy if ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 49.40 Td (necessary. ) Tj ET Q endstream endobj 25 0 obj <>] /Rotate 0 /Contents 26 0 R>> endobj 26 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (11 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (For retail distribution, we have an agreement with Arvato under which Arvato handles all logistics services. Our retail product ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (launches are operationally complex. Our model for product delivery for retail launches and replenishment is a hybrid of direct ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (to store deliveries and shipments to central warehouse locations. This allows improved inventory management by our retailers. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 709.80 Td (We also ship products for many of our smaller retail customers through distributors.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 693.00 Td (Arvato also provides most of the manufacturing volume and distribution services for our direct desktop software orders. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 682.20 Td (have an exclusive agreement with Harland Clarke, a division of M&F Worldwide Corporation, to fulfill orders for all of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 671.40 Td (printed checks and most other products for our financial supplies business.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 654.60 Td (We have multiple sources for all of our raw materials and availability has historically not been a significant problem for us. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 643.80 Td (continue to see consolidation among CD/DVD suppliers and reduced demand overall for this media type.As a result, we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 633.00 Td (believe CD/DVD media may become more difficult and more costly to obtain in the near future.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 616.20 Td (Customers typically receive desktop software electronically. However, when physical product is ordered, we typically ship the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 605.40 Td (physical product within a few days of receiving an order and backlog is minimal.) 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569.9 m 547.5 569.9 l 548.5 569.9 m 549.5 569.9 l 550.5 569.9 m 551.5 569.9 l 552.5 569.9 m 553.5 569.9 l 554.5 569.9 m 555.5 569.9 l 556.5 569.9 m 557.5 569.9 l 558.5 569.9 m 559.5 569.9 l 560.5 569.9 m 561.5 569.9 l 562.5 569.9 m s BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 575.08 Td (PRIVACY AND SECURITY OF CUSTOMER AND EMPLOYEE INFORMATION AND TRANSACTIONS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 553.60 Td (We are stewards of our customers data and have designed data stewardship principles to align our organization in collecting, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 542.80 Td (using and protecting such information. As we believe strongly in being good stewards of our customers data, we operate our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 532.00 Td (program to comply with laws and regulations that regulate our use and protection of customers personal information, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 521.20 Td (including, for example, laws with respect to financial services and the handling of tax data. We have established guidelines and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 510.40 Td (practices to help ensure that customers and employees are aware of, and can control, how we use information about them. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 499.60 Td (We also use privacy statements to provide notice to customers of our privacy practices, as well as provide them the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 488.80 Td (opportunity to furnish instructions with respect to use of their personal information. We participate in industry groups whose ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 478.00 Td (purpose is to develop or shape industry best practices, and to inform public policy for privacy and security. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 461.20 Td (We use security safeguards to help protect the systems and the information customers and employees give to us from loss, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 450.40 Td (misuse and unauthorized alteration. We use technical, logical and procedural measures, such as multi-factor authentication, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 439.60 Td (which are designed to help detect and prevent fraud and misuse of customer information. Whenever customers transmit ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 428.80 Td (sensitive information to us, such as credit card information or tax return data, through one of our websites or products, we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 418.00 Td (follow current industry standards to encrypt the data as it is transmitted to us, and when we store it at rest. We routinely patch ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 407.20 Td (our systems with security updates and we work to protect our systems from unauthorized internal or external access using ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 396.40 Td (numerous commercially available computer security products as well as internally developed security procedures and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 385.60 Td (practices.) 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We also have a number of registered ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 178.80 Td (trademarks that include Intuit, QuickBooks, Lacerte, TurboTax, QB, ProSeries, ProConnect, and Mint. We have registered these ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 168.00 Td (and other trademarks and service marks in the United States and, depending on the relevance of each brand to other markets, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 157.20 Td (in many foreign countries. Most registrations can be renewed perpetually at 10-year intervals. We also license intellectual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 146.40 Td (property from third parties for use in our products.) 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l 246.5 732.5 m 247.5 732.5 l 248.5 732.5 m 249.5 732.5 l 250.5 732.5 m 251.5 732.5 l 252.5 732.5 m 253.5 732.5 l 254.5 732.5 m 255.5 732.5 l 256.5 732.5 m 257.5 732.5 l 258.5 732.5 m 259.5 732.5 l 260.5 732.5 m 261.5 732.5 l 262.5 732.5 m 263.5 732.5 l 264.5 732.5 m 265.5 732.5 l 266.5 732.5 m 267.5 732.5 l 268.5 732.5 m 269.5 732.5 l 270.5 732.5 m 271.5 732.5 l 272.5 732.5 m 273.5 732.5 l 274.5 732.5 m 275.5 732.5 l 276.5 732.5 m 277.5 732.5 l 278.5 732.5 m 279.5 732.5 l 280.5 732.5 m 281.5 732.5 l 282.5 732.5 m 283.5 732.5 l 284.5 732.5 m 285.5 732.5 l 286.5 732.5 m 287.5 732.5 l 288.5 732.5 m 289.5 732.5 l 290.5 732.5 m 291.5 732.5 l 292.5 732.5 m 293.5 732.5 l 294.5 732.5 m 295.5 732.5 l 296.5 732.5 m 297.5 732.5 l 298.5 732.5 m 299.5 732.5 l 300.5 732.5 m 301.5 732.5 l 302.5 732.5 m 303.5 732.5 l 304.5 732.5 m 305.5 732.5 l 306.5 732.5 m 307.5 732.5 l 308.5 732.5 m 309.5 732.5 l 310.5 732.5 m 311.5 732.5 l 312.5 732.5 m 313.5 732.5 l 314.5 732.5 m 315.5 732.5 l 316.5 732.5 m 317.5 732.5 l 318.5 732.5 m 319.5 732.5 l 320.5 732.5 m 321.5 732.5 l 322.5 732.5 m 323.5 732.5 l 324.5 732.5 m 325.5 732.5 l 326.5 732.5 m 327.5 732.5 l 328.5 732.5 m 329.5 732.5 l 330.5 732.5 m 331.5 732.5 l 332.5 732.5 m 333.5 732.5 l 334.5 732.5 m 335.5 732.5 l 336.5 732.5 m 337.5 732.5 l 338.5 732.5 m 339.5 732.5 l 340.5 732.5 m 341.5 732.5 l 342.5 732.5 m 343.5 732.5 l 344.5 732.5 m 345.5 732.5 l 346.5 732.5 m 347.5 732.5 l 348.5 732.5 m 349.5 732.5 l 350.5 732.5 m 351.5 732.5 l 352.5 732.5 m 353.5 732.5 l 354.5 732.5 m 355.5 732.5 l 356.5 732.5 m 357.5 732.5 l 358.5 732.5 m 359.5 732.5 l 360.5 732.5 m 361.5 732.5 l 362.5 732.5 m 363.5 732.5 l 364.5 732.5 m 365.5 732.5 l 366.5 732.5 m 367.5 732.5 l 368.5 732.5 m 369.5 732.5 l 370.5 732.5 m 371.5 732.5 l 372.5 732.5 m 373.5 732.5 l 374.5 732.5 m 375.5 732.5 l 376.5 732.5 m 377.5 732.5 l 378.5 732.5 m 379.5 732.5 l 380.5 732.5 m 381.5 732.5 l 382.5 732.5 m 383.5 732.5 l 384.5 732.5 m 385.5 732.5 l 386.5 732.5 m 387.5 732.5 l 388.5 732.5 m 389.5 732.5 l 390.5 732.5 m 391.5 732.5 l 392.5 732.5 m 393.5 732.5 l 394.5 732.5 m 395.5 732.5 l 396.5 732.5 m 397.5 732.5 l 398.5 732.5 m 399.5 732.5 l 400.5 732.5 m 401.5 732.5 l 402.5 732.5 m 403.5 732.5 l 404.5 732.5 m 405.5 732.5 l 406.5 732.5 m 407.5 732.5 l 408.5 732.5 m 409.5 732.5 l 410.5 732.5 m 411.5 732.5 l 412.5 732.5 m 413.5 732.5 l 414.5 732.5 m 415.5 732.5 l 416.5 732.5 m 417.5 732.5 l 418.5 732.5 m 419.5 732.5 l 420.5 732.5 m 421.5 732.5 l 422.5 732.5 m 423.5 732.5 l 424.5 732.5 m 425.5 732.5 l 426.5 732.5 m 427.5 732.5 l 428.5 732.5 m 429.5 732.5 l 430.5 732.5 m 431.5 732.5 l 432.5 732.5 m 433.5 732.5 l 434.5 732.5 m 435.5 732.5 l 436.5 732.5 m 437.5 732.5 l 438.5 732.5 m 439.5 732.5 l 440.5 732.5 m 441.5 732.5 l 442.5 732.5 m 443.5 732.5 l 444.5 732.5 m 445.5 732.5 l 446.5 732.5 m 447.5 732.5 l 448.5 732.5 m 449.5 732.5 l 450.5 732.5 m 451.5 732.5 l 452.5 732.5 m 453.5 732.5 l 454.5 732.5 m 455.5 732.5 l 456.5 732.5 m 457.5 732.5 l 458.5 732.5 m 459.5 732.5 l 460.5 732.5 m 461.5 732.5 l 462.5 732.5 m 463.5 732.5 l 464.5 732.5 m 465.5 732.5 l 466.5 732.5 m 467.5 732.5 l 468.5 732.5 m 469.5 732.5 l 470.5 732.5 m 471.5 732.5 l 472.5 732.5 m 473.5 732.5 l 474.5 732.5 m 475.5 732.5 l 476.5 732.5 m 477.5 732.5 l 478.5 732.5 m 479.5 732.5 l 480.5 732.5 m 481.5 732.5 l 482.5 732.5 m 483.5 732.5 l 484.5 732.5 m 485.5 732.5 l 486.5 732.5 m 487.5 732.5 l 488.5 732.5 m 489.5 732.5 l 490.5 732.5 m 491.5 732.5 l 492.5 732.5 m 493.5 732.5 l 494.5 732.5 m 495.5 732.5 l 496.5 732.5 m 497.5 732.5 l 498.5 732.5 m 499.5 732.5 l 500.5 732.5 m 501.5 732.5 l 502.5 732.5 m 503.5 732.5 l 504.5 732.5 m 505.5 732.5 l 506.5 732.5 m 507.5 732.5 l 508.5 732.5 m 509.5 732.5 l 510.5 732.5 m 511.5 732.5 l 512.5 732.5 m 513.5 732.5 l 514.5 732.5 m 515.5 732.5 l 516.5 732.5 m 517.5 732.5 l 518.5 732.5 m 519.5 732.5 l 520.5 732.5 m 521.5 732.5 l 522.5 732.5 m 523.5 732.5 l 524.5 732.5 m 525.5 732.5 l 526.5 732.5 m 527.5 732.5 l 528.5 732.5 m 529.5 732.5 l 530.5 732.5 m 531.5 732.5 l 532.5 732.5 m 533.5 732.5 l 534.5 732.5 m 535.5 732.5 l 536.5 732.5 m 537.5 732.5 l 538.5 732.5 m 539.5 732.5 l 540.5 732.5 m 541.5 732.5 l 542.5 732.5 m 543.5 732.5 l 544.5 732.5 m 545.5 732.5 l 546.5 732.5 m 547.5 732.5 l 548.5 732.5 m 549.5 732.5 l 550.5 732.5 m 551.5 732.5 l 552.5 732.5 m 553.5 732.5 l 554.5 732.5 m 555.5 732.5 l 556.5 732.5 m 557.5 732.5 l 558.5 732.5 m 559.5 732.5 l 560.5 732.5 m 561.5 732.5 l 562.5 732.5 m s BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 737.68 Td (EMPLOYEES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 713.20 Td (As of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.35 713.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 126.72 713.20 Td (, we had approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.77 713.20 Td (8,900) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 246.29 713.20 Td ( full-time employees in major offices in the United States, Canada, India, the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 702.40 Td (United Kingdom, Israel, Australia and other locations. We also employ a significant number of seasonal and contract ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 691.65 Td (employees during the second and third quarters of our fiscal years to support our Consumer segment customers. For ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 680.80 Td (example, at the peak of the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 164.06 680.80 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 184.08 680.80 Td ( tax season, we employed approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 351.51 680.80 Td (2,400) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.02 680.80 Td ( seasonal employees. We believe our future ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 670.05 Td (success and growth will depend on our ability to attract and retain qualified employees in all areas of our business. We do not ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 659.25 Td (currently have any collective bargaining agreements with our employees, and we believe employee relations are generally ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 648.40 Td (good. Although we have employment-related agreements with a number of key employees, these agreements do not ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 637.65 Td (guarantee continued service. We believe we offer competitive compensation and a good working environment. We were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 626.80 Td (named one of ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 108.89 626.80 Td (Fortune) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 140.58 626.80 Td ( magazines 100 Best Companies to Work For in each of the last seventeen years. However, we face ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 616.00 Td (intense competition for qualified employees, and we expect to face continuing challenges in recruiting and retention.) Tj ET Q endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (13 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 748.5 m 562.5 748.5 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 733.5 m 562.5 733.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 736.17 Td (ITEM 1A - RISK FACTORS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 711.20 Td (Our businesses routinely encounter and address risks, many of which could cause our future results to be materially different ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 700.40 Td (than we presently anticipate. Below, we describe certain important risks, categorized solely for ease of reference as strategic, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 689.65 Td (operational, legal and compliance, and financial risks. The manner in which we respond to future developments as well as our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 678.80 Td (competitors reactions to those developments may affect our future operating results. ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 654.80 Td (STRATEGIC RISKS) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 638.00 Td (Strategic risks relate to our current and future operating model, business plans and growth strategy, including the risks ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 627.20 Td (associated with the following: competitive pressures on our product offerings and business models; our ability to adapt to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 616.40 Td (technological changes and global trends; our reliance on third-party intellectual property and our ability to protect our own ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 605.60 Td (intellectual property rights; the value of our brand; and mergers, acquisitions and divestiture activity that may have ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 594.80 Td (unanticipated costs and expenses.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 570.80 Td (We face intense competitive pressures that may harm our operating results.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 554.00 Td (We face intense competition in all of our businesses, and we expect competition to remain intense in the future. Our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 543.20 Td (competitors and potential competitors range from large and established entities to emerging start-ups. Our competitors may ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 532.40 Td (introduce superior products and services, reduce prices, have greater technical, marketing and other resources, have greater ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 521.60 Td (name recognition, have larger installed bases of customers, have well-established relationships with our current and potential ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 510.80 Td (customers, advertise aggressively or beat us to market with new products and services. In addition, we may face competition ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 500.00 Td (from existing companies, with large established consumer user-bases and broad-based platforms, who may change or expand ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 489.20 Td (the focus of their business strategies and marketing to target our customers, including small businesses and tax customers. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 472.40 Td (We also face competition from companies with a variety of business models and monetization strategies, including increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 461.60 Td (competition from providers of free offerings, particularly in our tax, accounting, and payments businesses. In order to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 450.80 Td (compete, we have also introduced free offerings in several categories, but we may not be able to attract customers as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 440.00 Td (effectively as competitors with different business models. In addition, we may not be able to monetize our free offerings if ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 429.20 Td (other providers of free offerings provide features that we do not offer and customers who have formerly paid for Intuits ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 418.40 Td (products and services may elect to use our competitors free offerings instead. These competitive factors may diminish our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 407.60 Td (revenue and profitability, and harm our ability to acquire and retain customers.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 390.80 Td (Our consumer tax business also faces significant competition from the public sector, where we face the risk of federal and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 380.00 Td (state taxing authorities proposing revenue raising strategies that involve developing and providing government tax software ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 369.20 Td (or other government return preparation systems at public expense. These or similar programs may be introduced or expanded ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 358.40 Td (in the future, which may change the voluntary compliance tax system in ways that could cause us to lose customers and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 347.60 Td (revenue. The IRS Free File Program is currently the sole means by which the IRS offers tax software to taxpayers, and as part of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 336.80 Td (the program the IRS has agreed it will not offer a duplicative or competing service. Under this program, the IRS has worked ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 326.00 Td (with private industry to provide more than 50 million free returns since 2003, utilizing donated private sector tax software and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 315.20 Td (e-filing services for low and middle income taxpayers at no cost to the government or individual users. However, its ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 304.40 Td (continuation depends on a number of factors, including increasing public awareness of and access to the free program, as well ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 293.60 Td (as continued government support. The current agreement is scheduled to expire in October2020. If the Free File Program ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 282.80 Td (were to be terminated and the IRS were to enter the software development and return preparation space, the federal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 272.00 Td (government would become a publicly funded direct competitor of the U.S. tax services industry and of Intuit. Government ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 261.20 Td (funded services that curtail or eliminate the role of taxpayers in preparing their own taxes could potentially have material and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 250.40 Td (adverse revenue implications. ) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 226.40 Td (Future revenue growth depends upon our ability to adapt to technological change as well as global trends in ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 214.40 Td (the way customers access software offerings and successfully introduce new and enhanced products, services ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 202.40 Td (and business models.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 185.60 Td (Online offerings, desktop software and mobile technology industries are characterized by rapidly changing technology, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 174.80 Td (evolving industry standards and frequent new product introductions. We must continue to innovate and develop new products ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 164.00 Td (and features to meet changing customer needs and attract and retain talented software developers. We need to continue to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 153.20 Td (develop our skills, tools and capabilities to capitalize on existing and emerging technologies, which require us to devote ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 142.40 Td (significant resources.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 125.60 Td (Our consumer and professional tax businesses depend significantly on revenue from customers who return each year to use ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 114.80 Td (our updated tax preparation and filing software and services. As our existing products mature, encouraging customers to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 104.00 Td (purchase product upgrades becomes more challenging unless new product releases provide features and functionality that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 93.20 Td (have meaningful incremental value. We also provide additional customer benefits by utilizing customer data available to us ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 82.45 Td (through our existing offerings. If we are not able to develop and clearly demonstrate the value of new or upgraded products ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 71.65 Td (or services to our customers, or effectively utilize our customers data, our revenues may be harmed. In addition, as we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 60.85 Td (continue to introduce and expand our new business models, including offerings that are free to end users, we may be ) Tj ET Q endstream endobj 31 0 obj <>] /Rotate 0 /Contents 32 0 R>> endobj 32 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (14 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (unsuccessful in monetizing or increasing customer adoption of these offerings or our risk profile may change, resulting in loss ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (of revenue.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 714.60 Td (The number of people who access products and services through devices other than personal computers, including mobile ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 703.80 Td (phones, smartphones, and handheld computers such as tablets, continues to increase. We have devoted significant resources ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 693.00 Td (to develop products and services for users of these alternative devices, but the versions of our products and services ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 682.20 Td (developed for these devices may not be compelling to users. Even if we are able to attract new users through these mobile ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 671.40 Td (offerings, the amount of revenue that we derive per user from mobile offerings may be less than the revenue that we have ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 660.60 Td (historically derived from users of personal computers. As new devices and new platforms are continually being released, it is ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 649.80 Td (difficult to predict the problems we may encounter in developing versions of our products and services for use on these ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 639.00 Td (alternative devices and we may need to devote significant resources to the creation, support, and maintenance of such ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 628.20 Td (offerings. If we are slow to develop products and technologies that are compatible with these alternative devices, or if our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 617.40 Td (competitors are able to achieve those results more quickly than us, we will fail to capture a significant share of an increasingly ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 606.60 Td (important portion of the market for online services, which could adversely affect our business. Further, legislation or regulatory ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 595.80 Td (changes may mandate changes in our products that make them less attractive to users. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 579.00 Td (In some cases, we may expend a significant amount of resources and management attention on offerings that do not ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 568.20 Td (ultimately succeed in their markets. We have encountered difficulty in launching new products and services in the past. If we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 557.40 Td (misjudge customer needs in the future, our new products and services may not succeed and our revenues and earnings may ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 546.60 Td (be harmed. We have also invested, and in the future, expect to invest in new business models, geographies, strategies and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 535.80 Td (initiatives. Such endeavors may involve significant risks and uncertainties, including distraction of management from current ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 525.00 Td (operations, expenses associated with the initiatives and inadequate return on investments. Because these new initiatives are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 514.20 Td (inherently risky, they may not be successful and may harm our financial condition and operating results.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 490.20 Td (We rely on third-party intellectual property in our products and services.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 473.40 Td (Many of our products and services include intellectual property of third parties, which we license under agreements that may ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 462.60 Td (need to be renewed or renegotiated from time to time. We may not be able to obtain licenses to these third-party ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 451.80 Td (technologies or content on reasonable terms, or at all. If we are unable to obtain the rights necessary to use this intellectual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 441.00 Td (property in our products and services, we may not be able to sell the affected offerings, and customers who are currently using ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 430.20 Td (the affected product may be disrupted, which may in turn harm our future financial results, damage our brand, and result in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 419.40 Td (customer loss. Also, we and our customers have been and may continue to be subject to infringement claims as a result of the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 408.60 Td (third-party intellectual property incorporated in our offerings. Although we try to mitigate this risk and we may not be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 397.80 Td (ultimately liable for any potential infringement, pending claims require us to use significant resources, require management ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 387.00 Td (attention and could result in loss of customers.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 370.20 Td (Some of our offerings include third-party software that is licensed under so-called open source licenses, some of which may ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 359.40 Td (include a requirement that, under certain circumstances, we make available, or grant licenses to, any modifications or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 348.60 Td (derivative works we create based upon the open source software. Although we have established internal review and approval ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 337.80 Td (processes to mitigate these risks, we may not be sure that all open source software is submitted for approval prior to use in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 327.00 Td (our products. Many of the risks associated with usage of open source may not be eliminated, and may, if not properly ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 316.20 Td (addressed, harm our business.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 292.20 Td (Our intellectual property rights are valuable, and any inability to protect them could reduce the value of our ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 280.20 Td (products, services, and brand.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 263.40 Td (Our patents, trademarks, trade secrets, copyrights, domain names and other intellectual property rights are important assets ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 252.60 Td (for us. We aggressively protect our intellectual property rights by relying on federal, state and common law rights in the U.S. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 241.80 Td (and internationally, as well as a variety of administrative procedures. We also rely on contractual restrictions to protect our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 231.00 Td (proprietary rights in products and services. The efforts that we take to protect our proprietary rights may not always be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 220.20 Td (sufficient or effective. Protecting our intellectual property rights is costly and time consuming and may not be successful in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 209.40 Td (every location. Any significant impairment of our intellectual property rights could harm our business, our brand and our ability ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 198.60 Td (to compete. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 181.80 Td (Policing unauthorized use and copying of our products is difficult, expensive, and time consuming. Current U.S. laws that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 171.00 Td (prohibit copying give us only limited practical protection from software piracy and the laws of many other countries provide ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 160.20 Td (very little protection. We frequently encounter unauthorized copies of our software being sold through online marketplaces. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 149.40 Td (Although we continue to evaluate and put in place technology solutions to attempt to lessen the impact of piracy and engage ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 138.60 Td (in efforts to educate consumers and public policy leaders on these issues and cooperate with industry groups in their efforts to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 127.80 Td (combat piracy, we expect piracy to be a persistent problem that results in lost revenues and increased expenses.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 103.80 Td (Our business depends on our strong reputation and the value of our brands.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 87.00 Td (Developing and maintaining awareness of our brands is critical to achieving widespread acceptance of our existing and future ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 76.20 Td (products and services and is an important element in attracting new customers. Adverse publicity \(whether or not justified\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 65.40 Td (relating to events or activities attributed to us, our employees, agents, third parties we rely on, or our users, may tarnish our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 54.60 Td (reputation and reduce the value of our brands. Our brand value also depends on our ability to provide secure and trustworthy ) Tj ET Q endstream endobj 33 0 obj <>] /Rotate 0 /Contents 34 0 R>> endobj 34 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (15 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (products and services as well as our ability to protect and use our customers data in a manner that meets their expectations. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (In addition, a security incident which results in unauthorized disclosure of our customers sensitive data could cause material ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (reputational harm. Damage to our reputation and loss of brand equity may reduce demand for our products and services and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 709.80 Td (thus have an adverse effect on our future financial results, as well as require additional resources to rebuild our reputation and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 699.00 Td (restore the value of the brands and could also reduce our stock price.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 675.00 Td (Our acquisition and divestiture activities may disrupt our ongoing business, may involve increased expenses ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 663.00 Td (and may present risks not contemplated at the time of the transactions.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 646.20 Td (We have acquired and may continue to acquire companies, products, technologies and talent that complement our strategic ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 635.40 Td (direction, both in and outside the United States. Acquisitions involve significant risks and uncertainties, including:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 618.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 618.60 Td (inability to successfully integrate the acquired technology, data assets and operations into our business and maintain ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 607.80 Td (uniform standards, controls, policies, and procedures;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 591.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 591.00 Td (inability to realize synergies expected to result from an acquisition;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 574.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 574.20 Td (disruption of our ongoing business and distraction of management;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 557.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 557.40 Td (challenges retaining the key employees, customers, resellers and other business partners of the acquired operation;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 540.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 540.60 Td (the internal control environment of an acquired entity may not be consistent with our standards or with regulatory ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 529.80 Td (requirements, and may require significant time and resources to align or rectify;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 513.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 513.00 Td (unidentified issues not discovered in our due diligence process, including product or service quality issues, intellectual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 502.20 Td (property issues and legal contingencies;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 485.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 485.40 Td (failure to successfully further develop an acquired business or technology and any resulting impairment of amounts ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 474.60 Td (currently capitalized as intangible assets; ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 68.00 457.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 457.80 Td (risks associated with businesses we acquire or invest in, which may differ from or be more significant than the risks ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 447.00 Td (our other businesses face; and) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 430.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 430.20 Td (in the case of foreign acquisitions and investments, the impact of particular economic, tax, currency, political, legal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 419.40 Td (and regulatory risks associated with specific countries.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 399.60 Td (We have divested and may in the future divest certain assets or businesses that no longer fit with our strategic direction or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 388.80 Td (growth targets. Divestitures involve significant risks and uncertainties, including:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 373.15 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 373.15 Td (inability to find potential buyers on favorable terms;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 357.50 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 357.50 Td (failure to effectively transfer liabilities, contracts, facilities and employees to buyers;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 341.85 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 341.85 Td (requirements that we retain or indemnify buyers against certain liabilities and obligations;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 326.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 326.20 Td (the possibility that we will become subject to third-party claims arising out of such divestiture;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 309.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 309.40 Td (challenges in identifying and separating the intellectual property and data to be divested from the intellectual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 298.60 Td (property and data that we wish to retain;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 282.90 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 282.90 Td (inability to reduce fixed costs previously associated with the divested assets or business; ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 267.25 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 267.25 Td (challenges in collecting the proceeds from any divestiture; ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 251.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 251.60 Td (disruption of our ongoing business and distraction of management; ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 235.95 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 235.95 Td (loss of key employees who leave the Company as a result of a divestiture; and) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 219.15 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 219.15 Td (if customers or partners of the divested business do not receive the same level of service from the new owners, our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 208.35 Td (other businesses may be adversely affected, to the extent that these customers or partners also purchase other ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 197.55 Td (products offered by us or otherwise conduct business with our retained business.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 177.75 Td (Because acquisitions and divestitures are inherently risky, our transactions may not be successful and may, in some cases, harm ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 166.95 Td (our operating results or financial condition. Although we typically fund our acquisitions through cash available from operations, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 156.15 Td (if we were to use debt to fund acquisitions or for other purposes, our interest expense and leverage would increase ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 145.35 Td (significantly, and if we were to issue equity securities as consideration in an acquisition, current shareholders percentage ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 134.55 Td (ownership and earnings per share would be diluted.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 110.55 Td (OPERATIONAL RISKS) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 93.75 Td (Operational risks arise from internal and external events relating to systems, processes and people. Risks that affect the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 82.95 Td (operation of our businesses include the following: potential security incidents; privacy and cybersecurity concerns relating to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 72.15 Td (online offerings; fraudulent activities by third parties; relationships with third parties; competition for and retention of key ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 61.35 Td (talent; issues with our product launches; problems with our information technology infrastructure; and risks associated with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 50.55 Td (operating internationally.) Tj ET Q endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (16 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 741.45 Td (Security incidents, improper access to, or disclosure of our data or customers data, or other cyberattacks on ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 729.45 Td (our systems, could harm our reputation and adversely affect our business.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 712.65 Td (We host, collect, use and retain large amounts of sensitive and personal customer and employee data, including credit card ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 701.85 Td (information, tax return information, bank account numbers, login credentials and passwords, personal and business financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 691.05 Td (data and transactions data, social security numbers and payroll information, as well as our confidential, nonpublic business ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 680.25 Td (information. We use commercially available security technologies and security and business controls to limit access to and use ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 669.45 Td (of such sensitive data. Although we expend significant resources to create security protections designed to shield this data ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 658.65 Td (against potential theft and security breaches, such measures cannot provide absolute security. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 641.85 Td (Our technologies, systems, and networks have been subject to, and are likely to continue to be the target of, cyberattacks, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 631.05 Td (computer viruses, worms, phishing attacks, malicious software programs, and other cybersecurity incidents that could result in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 620.25 Td (the unauthorized release, gathering, monitoring, use, loss or destruction of our customers or employees sensitive and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 609.45 Td (personal data, or Intuit's sensitive business data or cause temporary or sustained unavailability of our software and systems. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 598.65 Td (These types of attacks can be made by individuals, groups of hackers, and sophisticated organizations including state-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 587.85 Td (sponsored organizations or nation-states themselves. Customers who fail to update their systems, continue to run software ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 577.05 Td (that we no longer support or that fail to install security patches on a timely basis create vulnerabilities and make it more ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 566.25 Td (difficult for us to detect and prevent these kinds of attacks. We are increasingly incorporating open source software into our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 555.45 Td (products. There may be vulnerabilities in open source software that make it susceptible to cyberattacks. In addition, because ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 544.65 Td (the techniques used to obtain unauthorized access to sensitive information change frequently, and are becoming more ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 533.85 Td (sophisticated and are often not able to be detected until after a successful attack, we may be unable to anticipate these ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 523.05 Td (techniques or implement adequate preventive measures. Although this is an industry-wide problem that affects software and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 512.25 Td (hardware across platforms, it may increasingly affect our offerings because cyber-criminals tend to focus their efforts on well-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 501.45 Td (known offerings that are popular among customers and hold sensitive information and we expect them to continue to do so. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 484.65 Td (Further, the security measures that we implement may not be able to prevent unauthorized access to our products and our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 473.85 Td (customers account data. Third parties may fraudulently induce employees, customers, or users by means such as email ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 463.05 Td (phishing, to disclose sensitive information in order to gain access to our systems. It is also possible that unauthorized access to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 452.25 Td (or disclosure of customer data may occur due to inadequate use of security controls by our customers or our employees. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 441.45 Td (Accounts created with weak or recycled passwords could allow cyberattackers to gain access to customer data. Unauthorized ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 430.65 Td (persons could gain access to customer accounts if customers do not maintain effective access controls of their systems and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 419.85 Td (software.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 403.05 Td (Criminals may also use stolen identity information obtained outside of our systems, to gain unauthorized access to our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 392.25 Td (customers data. We have experienced such instances in the past and as the accessibility of stolen identity information ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 381.45 Td (increases, generally, we may experience further instances of unauthorized access to our systems using our customers or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 370.65 Td (employees stolen identity information in the future. Further, our customers may choose to use the same user ID and password ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 359.85 Td (across multiple products and services unrelated to our products. Such customers login credentials may be stolen from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 349.05 Td (products offered by third party service providers unrelated to us and the stolen identity information may be used by a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 338.25 Td (malicious third party to access our products, which could result in disclosure of confidential information. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 321.45 Td (Our efforts to protect data may also be unsuccessful due to software bugs \(whether open source or proprietary code\), break-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 310.65 Td (ins, employee error or other threats that evolve. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 293.85 Td (Further, because we have created an ecosystem where customers can have one identity across multiple Intuit products, a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 283.05 Td (security incident may give access to increased amounts of customer data. This may result in disclosure of confidential ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 272.25 Td (information, loss of customer confidence in our products, possible litigation, material harm to our reputation and financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 261.45 Td (condition, disruption of our or our customers business operations and decline in our stock price. From time to time, we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 250.65 Td (detect, or receive notices from customers or public or private agencies that they have detected, actual or perceived ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 239.85 Td (vulnerabilities in our servers, our software or third-party software components that are distributed with our products or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 229.05 Td (fraudulent activity by unauthorized persons utilizing our products with stolen customer identity information. The existence of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 218.25 Td (such vulnerabilities or fraudulent activity, even if they do not result in a security breach, may undermine customer confidence ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 207.45 Td (as well as the confidence of government agencies that regulate our offerings. Such perceived vulnerabilities could also ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 196.65 Td (seriously harm our business by tarnishing our reputation and brand and/or limiting the adoption of our products and services ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 185.85 Td (and could cause our stock price to decline.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 167.85 Td (A cybersecurity incident affecting the third parties we rely on, could expose us or our customers to a risk of ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 155.85 Td (loss or misuse of confidential information and significantly damage our reputation. ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 139.05 Td (We depend on a number of third parties, including vendors, developers and partners who are critical to our business. We or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 128.25 Td (our customers may grant access to customer data to these third parties to help deliver customer benefits, or to host certain of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 117.45 Td (our and our customers' sensitive and personal data. In addition, we share sensitive, nonpublic business information \(including, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 106.65 Td (for example, materials relating to financial, business and legal strategies\) with other vendors in the ordinary course of business. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 89.85 Td (While we conduct background checks of our workforce, conduct reviews of partners, developers and vendors and use ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 79.05 Td (commercially available technologies to limit access to systems and data, it is possible that one or more of these individuals or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 68.25 Td (third parties may misrepresent their intended use of data or may circumvent our controls, resulting in accidental or intentional ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 57.45 Td (disclosure or misuse of our customers or employees data. Further, while we conduct due diligence on these third parties with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 46.65 Td (respect to their security and business controls, we may not have the ability to effectively monitor or oversee the ) Tj ET Q endstream endobj 37 0 obj <>] /Rotate 0 /Contents 38 0 R>> endobj 38 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (17 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (implementation of these control measures. Individuals or third parties may be able to circumvent these security and business ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (controls and/or exploit vulnerabilities that may exist in these controls, resulting in the disclosure or misuse of sensitive business ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (and personal customer or employee information and data. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 703.80 Td (A security incident involving third parties whom we rely on may have serious negative consequences for our businesses, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 693.00 Td (including disclosure of sensitive customer or employee data, or confidential or competitively sensitive information regarding ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 682.20 Td (our business, including intellectual property and other proprietary data; make our products more vulnerable to fraudulent ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 671.40 Td (activity; cause temporary or sustained unavailability of our software and systems; result in possible litigation, fines, penalties ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 660.60 Td (and damages; result in loss of customer confidence; cause material harm to our reputation and brands; lead to further ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 649.80 Td (regulation and oversight by federal or state agencies; cause adverse financial condition; and result in a reduced stock price.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 625.80 Td (Concerns about the current privacy and cybersecurity environment, generally, could deter current and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 613.80 Td (potential customers from adopting our products and services and damage our reputation.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 597.00 Td (The continued occurrence of cyberattacks and data breaches on governments, businesses and consumers in general, indicates ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 586.20 Td (that we operate in an external environment where cyberattacks and data breaches are becoming increasingly common. If the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 575.40 Td (global cybersecurity environment worsens, and there are increased instances of security breaches of third-party offerings ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 564.60 Td (where consumers data and sensitive information is compromised, consumers may be less willing to use online offerings, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 553.80 Td (particularly offerings like ours in which customers often share sensitive financial data. In addition, the increased availability of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 543.00 Td (data obtained as a result of breaches of third-party offerings could make our own products more vulnerable to fraudulent ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 532.20 Td (activity. Even if our products are not affected directly by such incidents, they could damage our reputation and deter current ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 521.40 Td (and potential customers from adopting our products and services or lead customers to cease using online and connected ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 510.60 Td (software products to transact financial business altogether.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 486.60 Td (If we are unable to effectively combat the increasing amount and sophistication of fraudulent activities by ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 474.60 Td (third parties using our offerings, we may suffer losses, which may be substantial, and lose the confidence of ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 462.60 Td (our customers and government agencies and our revenues and earnings may be harmed.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 445.80 Td (The online tax preparation, payroll administration and online payments industries have been experiencing an increasing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 435.00 Td (amount of fraudulent activities by third parties, and those fraudulent activities are becoming increasingly sophisticated. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 424.20 Td (Although we do not believe that any of this activity is uniquely targeted at our products or business, this type of fraudulent ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 413.40 Td (activity may adversely impact our tax, payroll, and payments businesses. In addition to any losses that may result from such ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 402.60 Td (fraud, which may be substantial, a loss of confidence by our customers or by governmental agencies in our ability to prevent ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 391.80 Td (fraudulent activity that is perpetrated through our offerings may seriously harm our business and damage our brand. If we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 381.00 Td (cannot adequately combat such fraudulent activity that is perpetrated through our tax offerings, governmental authorities may ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 370.20 Td (refuse to allow us to continue to offer such services, which could include federal or state tax authorities refusing to allow us to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 359.40 Td (process our customers tax returns electronically, resulting in a significant adverse impact on our earnings and revenue. As ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 348.60 Td (fraudulent activities become more pervasive and increasingly sophisticated, and fraud detection and prevention measures ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 337.80 Td (must become correspondingly more complex to combat them across the various industries in which we operate, we may ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 327.00 Td (implement risk control mechanisms that could make it more difficult for legitimate customers to obtain and use our products, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 316.20 Td (which could result in lost revenue and negatively impact our earnings.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 292.20 Td (If we fail to process transactions effectively or fail to adequately protect against disputed or potential ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 280.20 Td (fraudulent activities, our business may be harmed.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 263.40 Td (Our operations process a significant volume and dollar value of transactions on a daily basis, especially in our payroll and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 252.60 Td (payments businesses. Despite our efforts to ensure that effective processing systems and controls are in place to handle ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 241.80 Td (transactions appropriately, it is possible that we may make errors or that funds may be misappropriated due to fraud. The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 231.00 Td (systems supporting our business are comprised of multiple technology platforms that are sometimes difficult to scale. If we are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 220.20 Td (unable to effectively manage our systems and processes, or if there is an error in our products, we may be unable to process ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 209.40 Td (customer data in an accurate, reliable and timely manner, which may harm our reputation, the willingness of customers to use ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 198.60 Td (our products, and our financial results. In our payments processing service business, if merchants for whom we process ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 187.80 Td (payment transactions are unable to pay refunds due to their customers in connection with disputed or fraudulent merchant ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 177.00 Td (transactions, we may be required to pay those amounts and our payments may exceed the amount of the customer reserves ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 166.20 Td (we have established to make such payments.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 142.20 Td (Business interruption or failure of our information technology and communication systems may impair the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 130.20 Td (availability of our products and services, which may damage our reputation and harm our future financial ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 118.20 Td (results.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 101.40 Td (Our reputation and ability to attract, retain and serve our customers is dependent upon the reliable performance of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 90.60 Td (products and our underlying technical infrastructure. As we continue to grow our online services, we become more dependent ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 79.80 Td (on the continuing operation and availability of our information technology and communications systems and those of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 69.00 Td (external service providers, including, for example, third-party Internet-based or cloud computing services. We do not have ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 58.20 Td (redundancy for all of our systems, and our disaster recovery planning may not account for all eventualities. We have designed ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 47.40 Td (a significant portion of our software and computer systems to utilize data processing and storage capabilities provided by ) Tj ET Q endstream endobj 39 0 obj <>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (18 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (Amazon Web Services \(AWS\). If AWS is unavailable to us for any reason, our customers may not be able to access certain of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (our cloud products or features, which could significantly impact our operations, business, and financial results.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 714.60 Td (Failure of our systems or those of our third-party service providers, may result in interruptions in our service and loss of data or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 703.80 Td (processing capabilities, all of which may cause a loss in customers, refunds of product fees, material harm to our reputation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 693.00 Td (and operating results. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 676.20 Td (Our tax businesses must effectively handle extremely heavy customer demand during critical peak periods from January until ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 665.40 Td (April of each year. We face significant risks in maintaining adequate service levels during these peak periods when we derive a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 654.60 Td (substantial portion of our overall revenue from the tax businesses. Any interruptions in our online tax preparation or electronic ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 643.80 Td (filing service at any time during the tax season, particularly during a peak period, could result in significantly decreased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 633.00 Td (revenue, lost customers, unexpected refunds of customer charges, negative publicity and increased operating costs, any of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 622.20 Td (which could significantly harm our business, financial condition and results of operations.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 605.40 Td (We rely on internal systems and external systems maintained by manufacturers, distributors and other service providers to take ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 594.60 Td (and fulfill customer orders, handle customer service requests and host certain online activities. Any interruption or failure of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 583.80 Td (our internal or external systems may prevent us or our service providers from accepting and fulfilling customer orders or cause ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 573.00 Td (company and customer data to be unintentionally disclosed. Our continuing efforts to upgrade and expand our network ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 562.20 Td (security and other information systems as well as our high-availability capabilities may be costly, and problems with the design ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 551.40 Td (or implementation of system enhancements may harm our business and our results of operations. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 534.60 Td (Our business operations, data centers, information technology and communications systems are vulnerable to damage or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 523.80 Td (interruption from natural disasters, human error, malicious attacks, fire, power loss, telecommunications failures, computer ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 513.00 Td (viruses, computer denial of service attacks, terrorist attacks and other events beyond our control. In addition, our corporate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 502.20 Td (headquarters and other critical business operations are located near major seismic faults. In the event of a major natural or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 491.40 Td (man-made disaster, our insurance coverage may not completely compensate us for our losses and our future financial results ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 480.60 Td (may be materially harmed.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 456.60 Td (We regularly invest resources to update and improve our internal information technology systems and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 444.60 Td (software platforms. Should our investments not succeed, or if delays or other issues with new or existing ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 432.60 Td (internal technology systems and software platforms disrupt our operations, our business could be harmed.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 415.80 Td (We rely on our network and data center infrastructure and internal technology systems for many of our development, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 405.00 Td (marketing, operational, support, sales, accounting and financial reporting activities. We are continually investing resources to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 394.20 Td (update and improve these systems and environments in order to meet existing needs, as well as the growing and changing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 383.40 Td (requirements of our business and customers. If we experience prolonged delays or unforeseen difficulties in updating and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 372.60 Td (upgrading our systems and architecture, we may experience outages and may not be able to deliver certain offerings and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 361.80 Td (develop new offerings and enhancements that we need to remain competitive. Such improvements and upgrades are often ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 351.00 Td (complex, costly and time consuming. In addition, such improvements can be challenging to integrate with our existing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 340.20 Td (technology systems, or may uncover problems with our existing technology systems. Unsuccessful implementation of hardware ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 329.40 Td (or software updates and improvements could result in outages, disruption in our business operations, loss of revenue or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 318.60 Td (damage to our reputation.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 294.60 Td (If we are unable to develop, manage and maintain critical third-party business relationships, our business ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 282.60 Td (may be adversely affected.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 265.80 Td (Our growth is increasingly dependent on the strength of our business relationships and our ability to continue to develop, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 255.00 Td (manage and maintain new and existing relationships with third party partners. We rely on various third-party partners, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 244.20 Td (including software and service providers, suppliers, vendors, manufacturers, distributors, accountants, contractors, financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 233.40 Td (institutions, core processors, licensing partners and development partners, among others, in many areas of our business in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 222.60 Td (order to deliver our offerings and operate our business. We also rely on third parties to support the operation of our business ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 211.80 Td (by maintaining our physical facilities, equipment, power systems and infrastructure. In certain instances, these third-party ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 201.00 Td (relationships are sole source or limited source relationships and can be difficult to replace or substitute depending on the level ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 190.20 Td (of integration of the third partys products or services into, or with, our offerings and/or the general availability of such third ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 179.40 Td (partys products and services. In addition, there may be few or no alternative third-party providers or vendors in the market. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 168.60 Td (Further, there can be no assurance that we will be able to adequately retain third-party contractors engaged to help us ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 157.80 Td (operate our business. The failure of third parties to provide acceptable and high quality products, services and technologies or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 147.00 Td (to update their products, services and technologies may result in a disruption to our business operations and our customers, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 136.20 Td (which may reduce our revenues and profits, cause us to lose customers and damage our reputation. Alternative arrangements ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 125.40 Td (and services may not be available to us on commercially reasonable terms or at all, or we may experience business ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 114.60 Td (interruptions upon a transition to an alternative partner.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 97.80 Td (Although we have strict standards for our suppliers and business partners to comply with the law and company policies ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 87.00 Td (regarding workplace and employment practices, data use and security, environmental compliance, intellectual property ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 76.20 Td (licensing and other applicable regulatory and compliance requirements, we cannot control their day-to-day practices. If any of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 65.40 Td (them violate laws or implement practices regarded as unethical, we could experience supply chain disruptions, canceled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 54.60 Td (orders, terminations of or damage to key relationships, and damage to our reputation.) Tj ET Q endstream endobj 41 0 obj <>] /Rotate 0 /Contents 42 0 R>> endobj 42 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (19 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (In particular, we have relationships with banks, credit unions and other financial institutions that support certain critical services ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (we offer to our customers. If macroeconomic conditions or other factors cause any of these institutions to fail, consolidate, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (stop providing certain services or institute cost-cutting efforts, our business and financial results may suffer and we may be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 709.80 Td (unable to offer those services to our customers.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 693.00 Td (We increasingly utilize the distribution platforms of third parties like Apples App Store and Googles Play Store for the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 682.20 Td (distribution of certain of our product offerings. Although we benefit from the strong brand recognition and large user base of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 671.40 Td (these distribution platforms to attract new customers, the platform owners have wide discretion to change the pricing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 660.60 Td (structure, terms of service and other policies with respect to us and other developers. Any adverse changes by these third ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 649.80 Td (parties could adversely affect our financial results. ) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 625.80 Td (Because competition for our key employees is intense, we may not be able to attract, retain and develop the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 613.80 Td (highly skilled employees we need to support our planned growth.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 597.00 Td (Much of our future success depends on the continued service and availability of skilled personnel, including members of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 586.20 Td (executive team, and those in technical and other key positions. Experienced personnel in the software, mobile technologies, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 575.40 Td (data science, data security, and software as a service industries are in high demand and competition for their talents is intense, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 564.60 Td (especially in California and India, where the majority of our employees are located. Also, as we strive to continue to adapt to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 553.80 Td (technological change and introduce new and enhanced products and business models, we must be able to secure, maintain ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 543.00 Td (and develop the right quality and quantity of engaged and committed talent. The incentives we have available to attract, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 532.20 Td (retain, and motivate employees provided by our equity awards may become less effective, and if we were to issue significant ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 521.40 Td (equity to attract additional employees, the ownership of our existing stockholders would be diluted. Although we strive to be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 510.60 Td (an employer of choice, we may not be able to continue to successfully attract, retain and develop key personnel, which may ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 499.80 Td (cause our business to suffer.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 475.80 Td (The nature of our products and services necessitates timely product launches, and if we experience ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 463.80 Td (significant product accuracy or quality problems or delays, it may harm our revenue, earnings and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 451.80 Td (reputation.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 435.00 Td (All of our tax products and many of our non-tax products have rigid development timetables that increase the risk of errors in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 424.20 Td (our products and the risk of launch delays. Our tax preparation software product development cycle is particularly challenging ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 413.40 Td (due to the need to incorporate unpredictable and potentially late tax law and tax form changes each year and because our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 402.60 Td (customers expect high levels of accuracy and a timely launch of these products to prepare and file their taxes by the tax filing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 391.80 Td (deadline. Due to the complexity of our products and the condensed development cycles under which we operate, our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 381.00 Td (products may contain errors that could unexpectedly interfere with the operation of the software or result in incorrect ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 370.20 Td (calculations. The complexity of the tax laws on which our products are based may also make it difficult for us to consistently ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 359.40 Td (deliver offerings that contain the features, functionality and level of accuracy that our customers expect. When we encounter ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 348.60 Td (problems we may be required to modify our code, work with state tax administrators to communicate with affected customers, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 337.80 Td (assist customers with amendments, distribute patches to customers who have already purchased the product and recall or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 327.00 Td (repackage existing product inventory in our distribution channels. If we encounter development challenges or discover errors ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 316.20 Td (in our products either late in our development cycle or after release it may cause us to delay our product launch date or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 305.40 Td (suspend product availability until such issues can be fixed. Any major defects, launch delays or product suspensions may lead ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 294.60 Td (to loss of customers and revenue, negative publicity, customer and employee dissatisfaction, reduced retailer shelf space and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 283.80 Td (promotions, and increased operating expenses, such as inventory replacement costs, legal fees or other payments, including ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 273.00 Td (those resulting from our accuracy guarantee in our tax preparation products. For example, an error in our tax products could ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 262.20 Td (cause a compliance error for taxpayers, including the over or underpayment of their federal or state tax liability. While our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 251.40 Td (accuracy guarantee commits us to reimburse penalties and interest paid by customers due solely to calculation errors in our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 240.60 Td (tax preparation products, such errors may result in additional burdens on third parties that we may need to address or that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 229.80 Td (may cause us to suspend the availability of our products until such errors are addressed. This could also affect our reputation, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 219.00 Td (the willingness of customers to use our products, and our financial results.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 195.00 Td (Our international operations are subject to increased risks which may harm our business, operating results, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 183.00 Td (and financial condition.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 166.20 Td (In addition to uncertainty about our ability to generate revenues from our foreign operations and expand into international ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 155.40 Td (markets, there are risks inherent in doing business internationally, including:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 138.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 138.60 Td (different or more restrictive privacy, data protection, data localization, and other laws that could require us to make ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 127.80 Td (changes to our products, services and operations, such as mandating that certain types of data collected in a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 117.00 Td (particular country be stored and/or processed within that country; ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 100.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 100.20 Td (difficulties in developing, staffing, and simultaneously managing a large number of varying foreign operations as a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 89.40 Td (result of distance, language, and cultural differences;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 72.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 72.60 Td (stringent local labor laws and regulations;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 55.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 55.80 Td (credit risk and higher levels of payment fraud;) Tj ET Q endstream endobj 43 0 obj <>] /Rotate 0 /Contents 44 0 R>> endobj 44 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (20 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 742.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 742.20 Td (profit repatriation restrictions, and foreign currency exchange restrictions;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 725.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 725.40 Td (geopolitical events, including natural disasters, acts of war and terrorism;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 708.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 708.60 Td (import or export regulations;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 691.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 691.80 Td (compliance with U.S. laws such as the Foreign Corrupt Practices Act, and local laws prohibiting corrupt payments to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 681.00 Td (government officials;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 664.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 664.20 Td (antitrust and competition regulations;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 647.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 647.40 Td (potentially adverse tax developments;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 630.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 630.60 Td (economic uncertainties relating to European sovereign and other debt;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 613.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 613.80 Td (trade barriers and changes in trade regulations; ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 597.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 597.00 Td (political or social unrest, economic instability, repression, or human rights issues; and) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 580.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 580.20 Td (risks related to other government regulation or required compliance with local laws.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 560.40 Td (Violations of the rapidly evolving and complex foreign and U.S. laws and regulations that apply to our international operations ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 549.60 Td (may result in fines, criminal actions or sanctions against us, our officers or our employees, prohibitions on the conduct of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 538.80 Td (business and damage to our reputation. Although we have implemented policies and procedures designed to promote ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 528.00 Td (compliance with these laws, there can be no assurance that our employees, contractors or agents will not violate our policies. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 517.20 Td (These risks inherent in our international operations and expansion increase our costs of doing business internationally and may ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 506.40 Td (result in harm to our business, operating results, and financial condition.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 482.40 Td (LEGAL AND COMPLIANCE RISKS) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 462.60 Td (Legal and compliance risks arise from change in the government and regulatory environment, including complex and evolving ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 451.80 Td (regulations relating privacy and data security; potential litigation; regulatory inquiries and intellectual property infringement ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 441.00 Td (claims. ) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 417.00 Td (Increased government regulation of our businesses, or changes to existing regulations, may harm our ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 405.00 Td (operating results.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 388.20 Td (The Company is subject to federal, state and local laws and regulations that affect the Companys activities, including, without ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 377.40 Td (limitation, areas of labor, advertising, tax, financial services, data privacy and security, digital content, consumer protection, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 366.60 Td (real estate, billing, e-commerce, promotions, quality of services, intellectual property ownership and infringement, import and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 355.80 Td (export requirements, anti-corruption, foreign exchange controls and cash repatriation restrictions, anti-competition, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 345.00 Td (environmental, health and safety. ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.06666666666666667 0.06666666666666667 0.06666666666666667 rg BT 186.58 345.00 Td (There have been significant new regulations and heightened focus by the government on ) Tj ET Q BT /F3 9.00 Tf ET q 0.06666666666666667 0.06666666666666667 0.06666666666666667 rg BT 50.00 334.20 Td (many of these areas, as well as in areas such as insurance and privacy. A) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 339.34 334.20 Td (s we expand our products and services and revise our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 323.40 Td (business models, both domestically and internationally, we may become subject to additional government regulation or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 312.60 Td (increased regulatory scrutiny. Further, regulators \(both in the U.S. and in other jurisdictions in which we operate\) may adopt ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 301.80 Td (new laws or regulations, change existing regulations, or their interpretation of existing laws or regulations may differ from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 291.00 Td (ours. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 274.20 Td (The tax preparation industry continues to receive heightened attention from federal and state governments. New legislation, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 263.40 Td (regulation, public policy considerations, changes in the cybersecurity environment, litigation by the government or private ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 252.60 Td (entities, changes to or new interpretations of existing laws may result in greater oversight of the tax preparation industry, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 241.80 Td (restrict the types of products and services that we can offer or the prices we can charge, or otherwise cause us to change the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 231.00 Td (way we operate our tax businesses or offer our tax products and services. We may not be able to respond quickly to such ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 220.20 Td (regulatory, legislative and other developments, and these changes may in turn increase our cost of doing business and limit ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 209.40 Td (our revenue opportunities. In addition, if our practices are not consistent with new interpretations of existing laws, we may ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 198.60 Td (become subject to lawsuits, penalties, and other liabilities that did not previously apply. We are also required to comply with a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 187.80 Td (variety of state revenue agency standards in order to successfully operate our tax preparation and electronic filing services. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 171.00 Td (Changes in state-imposed requirements by one or more of the states, including the required use of specific technologies or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 160.20 Td (technology standards, may significantly increase the costs of providing those services to our customers and may prevent us ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 149.40 Td (from delivering a quality product to our customers in a timely manner. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 132.60 Td (We are also subject to certain laws and regulations in the U.S. and other jurisdictions relating to electronic funds transfer, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 121.80 Td (money transmission, lending and other regulated activities. In the event laws governing regulated activities change or expand, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 111.00 Td (we may be subject to additional compliance costs. ) Tj ET Q endstream endobj 45 0 obj <>] /Rotate 0 /Contents 46 0 R>> endobj 46 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (21 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 741.45 Td (Complex and evolving U.S. and international laws and regulation regarding privacy and data protection ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 729.45 Td (could result in claims, changes to our business practices, penalties, increased cost of operations or otherwise ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 717.45 Td (harm our business. ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 700.65 Td (Regulations related to the provision of online services is evolving as federal, state and foreign governments continue to adopt ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 689.85 Td (new, or modify existing laws and regulations addressing data privacy and the collection, processing, storage, transfer and use ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 679.05 Td (of data. This includes, for example, the EU's new regulation, the General Data Protection Regulation \(GDPR\) and the new ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 668.25 Td (California Consumer Protection Act \(CCPA\), which will become effective on January 1, 2020. In our efforts to meet the GDPR, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 657.45 Td (CCPA and other data privacy regulations, we have made and continue to make certain operational changes to our products ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 646.65 Td (and business practices. If we are unable to engineer products that meet these evolving requirements or help our customers ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 635.85 Td (meet their obligations under these or other new data regulations, we might experience reduced demand for our offerings. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 625.05 Td (Further, penalties for non-compliance with these laws may be significant. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 608.25 Td (In addition, there are global privacy treaties and frameworks that have created compliance uncertainty and increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 597.45 Td (complexity. For example, the European Commission and the Swiss Government approved the EU-U.S. and Swiss-U.S. Privacy ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 586.65 Td (Shield frameworks, respectively, that provide a mechanism for companies to legally transfer personal data from the EU and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 575.85 Td (Switzerland to the U.S. However, these frameworks as well as other personal data transfer mechanisms face a number of legal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 565.05 Td (challenges, both by regulators and private parties. A change in these transfer mechanisms could cause us to incur costs or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 554.25 Td (require us to change our business practices in a manner adverse to our business. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 537.45 Td (Other governmental authorities throughout the U.S. and around the world are considering similar types of legislative and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 526.65 Td (regulatory proposals concerning data protection. Each of these privacy, security and data protection laws and regulations ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 515.85 Td (could impose significant limitations, require changes to our business, require notification to customers or workers of a security ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 505.05 Td (breach, restrict our use or storage of personal information, or cause changes in customer purchasing behavior which may make ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 494.25 Td (our business more costly, less efficient or impossible to conduct, and may require us to modify our current or future products ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 483.45 Td (or services, which may make customers less likely to purchase our products and may harm our future financial results. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 472.65 Td (Additionally, any actual or alleged noncompliance with these laws and regulations could result in negative publicity and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 461.85 Td (subject us to investigations, claims or other remedies, including demands that we modify or cease existing business practices, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 451.05 Td (and expose us to significant fines, penalties and other damages. We have incurred, and may continue to incur, significant ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 440.25 Td (expenses to comply with existing privacy and security standards and protocols imposed by law, regulation, industry standards ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 429.45 Td (or contractual obligations.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 405.45 Td (We are frequently a party to litigation and regulatory inquiries which could result in an unfavorable outcome ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 393.45 Td (and have an adverse effect on our business, financial condition, results of operation and cash flows.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 376.65 Td (We are subject to various legal proceedings \(including class action lawsuits\), claims and regulatory inquiries that have arisen ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 365.85 Td (out of the ordinary conduct of our business and are not yet resolved and additional claims and inquiries may arise in the future. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 355.05 Td (The number and significance of these claims and inquiries may increase as our businesses evolve. Any proceedings, claims or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 344.25 Td (inquiries initiated by or against us, whether successful or not, may be time consuming; result in costly litigation, damage ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 333.45 Td (awards, consent decrees, injunctive relief or increased costs of business; require us to change our business practices or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 322.65 Td (products; require significant amounts of management time; result in diversion of significant operations resources; or otherwise ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 311.85 Td (harm our business and future financial results. For further information about specific litigation, see Item 3, Legal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 301.05 Td (Proceedings.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 277.05 Td (Third parties claiming that we infringe their proprietary rights may cause us to incur significant legal ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 265.05 Td (expenses and prevent us from selling our products.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 248.25 Td (We may become increasingly subject to infringement claims, including patent, copyright, trade secret, and trademark ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 237.45 Td (infringement claims. Litigation may be necessary to determine the validity and scope of the intellectual property rights of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 226.65 Td (others. We have received a number of allegations of intellectual property infringement claims in the past and expect to receive ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 215.85 Td (more claims in the future based on allegations that our offerings infringe upon the intellectual property held by third parties. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 205.05 Td (Some of these claims are the subject of pending litigation against us and against some of our customers. These claims may ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 194.25 Td (involve patent holding companies or other adverse intellectual property owners who have no relevant product revenues of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 183.45 Td (their own, and against whom our own intellectual property may provide little or no deterrence. The ultimate outcome of any ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 172.65 Td (allegation is uncertain and, regardless of outcome, any such claim, with or without merit, may be time consuming to defend, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 161.85 Td (result in costly litigation, divert managements time and attention from our business, require us to stop selling, delay shipping ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 151.05 Td (or redesign our products, or require us to pay monetary damages for royalty or licensing fees, or to satisfy indemnification ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 140.25 Td (obligations that we have with some of our customers. Our failure to obtain necessary license or other rights, or litigation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 129.45 Td (arising out of intellectual property claims may harm our business.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 105.45 Td (We are subject to risks associated with information disseminated through our services.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 88.65 Td (The laws relating to the liability of online services companies for information such as online content disseminated through their ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 77.85 Td (services are subject to frequent challenges. In spite of settled law in the U.S., claims are made against online services ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 67.05 Td (companies by parties who disagree with the content. Where our online content is accessed on the internet outside of the U.S., ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 56.25 Td (challenges may be brought under foreign laws which do not provide the same protections for online services companies as in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 45.45 Td (the U.S. These challenges in either U.S. or foreign jurisdictions may give rise to legal claims alleging defamation, libel, invasion ) Tj ET Q endstream endobj 47 0 obj <>] /Rotate 0 /Contents 48 0 R>> endobj 48 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (22 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (of privacy, negligence, copyright or trademark infringement, or other theories based on the nature and content of the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (materials disseminated through the services. Certain of our services include content generated by users of our online services. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (Although this content is not generated by us, claims of defamation or other injury may be made against us for that content. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 709.80 Td (Any costs incurred as a result of this potential liability may harm our business.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 685.80 Td (FINANCIAL RISKS) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 669.00 Td (Financial risks relate to our ability to meet financial obligations and mitigate exposure to financial impacts to our businesses or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 658.20 Td (our offerings. Financial risks arise from the following: seasonality; excessive product returns; unanticipated changes in income ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 647.40 Td (tax rates; adverse global macro-economic conditions; credit risks; fluctuations in our net income; indebtedness; and the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 636.60 Td (fluctuation of our stock price.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 612.60 Td (Our tax business is highly seasonal and our quarterly results could fluctuate significantly.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 595.80 Td (Our tax offerings have significant seasonal patterns. Revenue from income tax preparation products and services is heavily ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 585.00 Td (concentrated during November through April. This seasonality has caused significant fluctuations in our quarterly financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 574.20 Td (results. Our financial results may also fluctuate from quarter to quarter and year to year due to a variety of factors, including ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 563.40 Td (factors that may affect the timing of revenue recognition. These include changes to our offerings that result in the inclusion or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 552.60 Td (exclusion of ongoing services; changes in product pricing strategies or product sales mix; the timing of the availability of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 541.80 Td (federal and state tax forms from taxing agencies and the ability of those agencies to receive electronic tax return submissions; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 531.00 Td (changes in customer behavior; and the timing of our discontinuation of support for older product offerings. Other factors that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 520.20 Td (may affect our quarterly or annual financial results include the timing of acquisitions, divestitures, and goodwill and acquired ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 509.40 Td (intangible asset impairment charges. Any fluctuations in our operating results may adversely affect our stock price.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 485.40 Td (If actual customer refunds for our offerings exceed the amount we have reserved our future financial results ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 473.40 Td (may be harmed.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 456.60 Td (Like many software companies we refund customers for product returns and subscription cancellations. We establish reserves ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 445.80 Td (against revenue in our financial statements based on estimated customer refunds. We closely monitor this refund activity in an ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 435.00 Td (effort to maintain adequate reserves. In the past, customer refunds have not differed significantly from these reserves. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 424.20 Td (However, if we experience actual customer refunds that significantly exceed the amount we have reserved, it may result in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 413.40 Td (lower net revenue.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 389.40 Td (Unanticipated changes in our income tax rates or other indirect tax may affect our future financial results.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 372.60 Td (Our future effective income tax rates may be favorably or unfavorably affected by unanticipated changes in the valuation of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 361.80 Td (our deferred tax assets and liabilities, by changes in our stock price, or by changes in tax laws or their interpretation, including ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 351.00 Td (the recently passed the Tax Cuts and Jobs Act \(2017 Tax Act\). The 2017 Tax Act introduces significant changes to U.S. income ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 340.20 Td (tax law. Accounting for the income tax effects of the 2017 Tax Act requires significant judgments and estimates as well as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 329.40 Td (accumulation of information not previously provided for in U.S. tax law. As additional regulatory guidance is issued by the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 318.60 Td (applicable taxing authorities, our analysis may change, which could materially affect our tax obligations and effective tax rate. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 307.80 Td (Further, foreign governments may enact tax laws in response to the 2017 Tax Act that could result in further changes to global ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 297.00 Td (taxation and materially affect our financial position and results of operations. In addition, we are subject to the continuous ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 286.20 Td (examination of our income tax returns by the Internal Revenue Service and other tax authorities. We regularly assess the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 275.40 Td (likelihood of adverse outcomes resulting from these examinations to determine the adequacy of our provision for income ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 264.60 Td (taxes. These continuous examinations may result in unforeseen tax-related liabilities, which may harm our future financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 253.80 Td (results.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 232.20 Td (An increasing number of states and foreign jurisdictions have adopted laws or administrative practices, that impose new taxes ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 221.40 Td (on all or a portion of gross revenue or other similar amounts or impose additional obligations to collect transaction taxes such ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 210.60 Td (as sales, consumption, value added, or similar taxes. We may not have sufficient lead time to build systems and processes to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 199.80 Td (collect these taxes properly, or at all. Failure to comply with such laws or administrative practices, or a successful assertion by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 189.00 Td (such states or foreign jurisdictions requiring us to collect taxes where we do not, could result in tax liabilities, including for past ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 178.20 Td (sales, as well as penalties and interest.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 154.20 Td (Adverse global economic conditions could harm our business and financial condition.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 137.40 Td (Adverse macroeconomic developments could negatively affect our business and financial condition. Adverse global economic ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 126.60 Td (events have caused, and could, in the future, cause disruptions and volatility in global financial markets and increased rates of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 115.80 Td (default and bankruptcy, and could impact consumer and small business spending. While we have historically performed well in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 105.00 Td (economic downturns, there is no guarantee that we would continue to perform well in future adverse macroeconomic ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 94.20 Td (conditions. In particular, because the majority of our revenue is derived from sales within the U.S., economic conditions in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 83.40 Td (U.S. have an even greater impact on us than companies with a more diverse international presence. Challenging economic ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 72.60 Td (times could cause potential new customers not to purchase or to delay purchasing our products and services, and could cause ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 61.80 Td (our existing customers to discontinue purchasing or delay upgrades of our existing products and services, thereby negatively ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 51.00 Td (impacting our revenues and future financial results. Decreased consumer spending levels could also reduce credit and debit ) Tj ET Q endstream endobj 49 0 obj <>] /Rotate 0 /Contents 50 0 R>> endobj 50 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (23 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (card transaction processing volumes causing reductions in our payments revenue. Poor economic conditions and high ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (unemployment have caused, and could in the future cause, a significant decrease in the number of tax returns filed, which may ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (have a significant effect on the number of tax returns we prepare and file. In addition, weakness in the end-user consumer and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 709.80 Td (small business markets could negatively affect the cash flow of our distributors and resellers who could, in turn, delay paying ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 699.00 Td (their obligations to us, which could increase our credit risk exposure and cause delays in our recognition of revenue or future ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 688.20 Td (sales to these customers. Any of these events could harm our business and our future financial results.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4392156862745098 0.7529411764705882 rg BT 50.00 664.20 Td (We provide capital to small businesses, which exposes us to credit risk, and may cause us material financial ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4392156862745098 0.7529411764705882 rg BT 50.00 652.20 Td (or reputational harm.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 629.40 Td (We provide capital to qualified small businesses, which exposes us to the risk of our borrowers inability to repay such loans. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 618.60 Td (Further, our credit decisioning, pricing, loss forecasting and scoring models used to evaluate loan applications may contain ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 607.80 Td (errors or may not adequately assess creditworthiness of our borrowers, or may be otherwise ineffective, resulting in incorrect ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 597.00 Td (approvals or denials of loans. It is also possible that loan applicants could provide false or incorrect information. While we have ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 586.20 Td (not incurred any material losses to date, if any of the foregoing events were to occur, our reputation and relationships with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 575.40 Td (borrowers, and our financial results, could be harmed.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 551.40 Td (Amortization of acquired intangible assets and impairment charges may cause significant fluctuation in our ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 539.40 Td (net income.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 522.60 Td (Our acquisitions have resulted in significant expenses, including amortization and impairment of acquired technology and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 511.80 Td (other acquired intangible assets, and impairment of goodwill. Total costs and expenses in these categories were $21 million in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 501.00 Td (fiscal 2018; $14 million in fiscal 2017; and $34 million in fiscal 2016. Although under current accounting rules goodwill is not ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 490.20 Td (amortized, we may incur impairment charges related to the goodwill already recorded and to goodwill arising out of future ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 479.40 Td (acquisitions. We test the impairment of goodwill annually in our fourth fiscal quarter or more frequently if indicators of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 468.60 Td (impairment arise. The timing of the formal annual test may result in charges to our statement of operations in our fourth fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 457.80 Td (quarter that may not have been reasonably foreseen in prior periods. At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.03 457.80 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.40 457.80 Td (, we had ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.25 457.80 Td ($1.6 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.76 457.80 Td ( in goodwill and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.94 457.80 Td ($61 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 447.00 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.66 447.00 Td ( in net acquired intangible assets on our balance sheet, both of which may be subject to impairment charges in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 436.20 Td (future. New acquisitions, and any impairment of the value of acquired intangible assets, may have a significant negative impact ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 425.40 Td (on our future financial results.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 401.40 Td (We have ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 93.33 401.40 Td ($438 million) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 150.93 401.40 Td ( in debt outstanding under the term loan and may incur other debt in the future, which ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 389.40 Td (may adversely affect our financial condition and future financial results.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 372.60 Td (On February 1, 2016, we entered into a master credit agreement with certain institutional lenders for a new five-year credit ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 361.80 Td (facility in an aggregate principal amount of $1.5 billion. The master credit agreement includes a $500 million unsecured term ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 351.00 Td (loan and a $1 billion unsecured revolving credit facility that will expire on February 1, 2021. As of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.03 351.00 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.40 351.00 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.40 351.00 Td ($438 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.58 351.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 340.20 Td (was outstanding on the term loan and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 205.93 340.20 Td (no) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 216.28 340.20 Td ( amounts were outstanding under the revolving credit facility. We may use the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 329.40 Td (proceeds of any advances against the credit facility for general corporate purposes, including future acquisitions and share ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 318.60 Td (repurchases.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 301.80 Td (This debt may adversely affect our financial condition and future financial results by, among other things:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 285.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 285.00 Td (increasing our vulnerability to downturns in our business, to competitive pressures and to adverse economic and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 274.20 Td (industry conditions;) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 257.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 257.40 Td (requiring the dedication of a portion of our expected cash from operations to service our indebtedness, thereby ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 246.60 Td (reducing the amount of expected cash flow available for other purposes, including capital expenditures and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 235.80 Td (acquisitions; and) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 219.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 219.00 Td (limiting our flexibility in planning for, or reacting to, changes in our businesses and our industries.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 199.20 Td (Our current unsecured revolving credit facility imposes restrictions on us, including restrictions on our ability to create liens on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 188.40 Td (our assets and the ability of our subsidiaries to incur indebtedness, and require us to maintain compliance with specified ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 177.60 Td (financial ratios. Our ability to comply with these ratios may be affected by events beyond our control. In addition, our short- ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 166.80 Td (and long-term debt includes covenants that may adversely affect our ability to incur certain liens or engage in certain types of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 156.00 Td (sale and leaseback transactions. If we breach any of the covenants under our short- and long-term debt or our unsecured ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 145.20 Td (revolving credit facility and do not obtain a waiver from the lenders, then, subject to applicable cure periods, any outstanding ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 134.40 Td (indebtedness may be declared immediately due and payable.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 117.60 Td (In addition, changes by any rating agency to our credit rating may negatively impact the value and liquidity of both our debt ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 106.80 Td (and equity securities. If our credit ratings are downgraded or other negative action is taken, the interest rate payable by us ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 96.00 Td (under our unsecured revolving credit facility may increase. In addition, any downgrades in our credit ratings may affect our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 85.20 Td (ability to obtain additional financing in the future and may affect the terms of any such financing.) Tj ET Q endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (24 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 741.45 Td (We cannot guarantee that our share repurchase program will be fully consummated or that it will enhance ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 729.45 Td (long-term stockholder value.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 714.15 Td (We have a stock repurchase program under which we are authorized to repurchase our common stock. The repurchase ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 703.35 Td (programs do not have an expiration date and we are not obligated to repurchase a specified number or dollar value of shares. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 692.55 Td (Our repurchase programs may be suspended or terminated at any time and, even if fully implemented, may not enhance long-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 681.75 Td (term stockholder value.Also, the amount, timing, and execution of our stock repurchase programs may fluctuate based on our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 670.95 Td (priorities for the use of cash for other purposes and because of changes in cash flows, tax laws, and the market price of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 660.15 Td (common stock.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 636.15 Td (Our stock price may be volatile and your investment could lose value.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 620.85 Td (Our stock price is subject to changes in recommendations or earnings estimates by financial analysts, changes in investors or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 610.05 Td (analysts valuation measures for our stock, our credit ratings and market trends unrelated to our performance. Furthermore, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 599.25 Td (speculation in the press or investment community about our strategic position, financial condition, results of operations, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 588.45 Td (business or security of our products, can cause changes in our stock price. These factors, as well as general economic and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 577.65 Td (political conditions and the timing of announcements in the public market regarding new products, product enhancements or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 566.85 Td (technological advances by our competitors or us, and any announcements by us of acquisitions, major transactions, or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 556.05 Td (management changes may adversely affect our stock price. Further, any changes in the amounts or frequency of share ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 545.25 Td (repurchases or dividends may also adversely affect our stock price. A significant drop in our stock price could expose us to the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 534.45 Td (risk of securities class actions lawsuits, which may result in substantial costs and divert managements attention and resources, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 523.65 Td (which may adversely affect our business. ) Tj ET Q 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 493.35 m 562.5 493.35 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 478.35 m 562.5 478.35 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 481.02 Td (ITEM 1B - UNRESOLVED STAFF COMMENTS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 456.05 Td (None.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 425.75 m 562.5 425.75 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 410.75 m 562.5 410.75 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 413.42 Td (ITEM 2 - PROPERTIES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 391.45 Td (Our principal locations, their purposes, and the expiration dates for the leases on facilities at those locations as of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.58 391.45 Td (July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 380.65 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 380.65 Td ( are shown in the table below. We have renewal options on many of our leases.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 325.15 114.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 164.50 325.15 4.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 168.50 325.15 267.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 435.50 325.15 4.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 439.50 325.15 64.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 503.50 325.15 4.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 507.50 325.15 55.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 302.15 114.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 164.50 302.15 4.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 168.50 302.15 267.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 435.50 302.15 4.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 439.50 302.15 64.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 503.50 302.15 4.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 507.50 302.15 55.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 279.15 114.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 164.50 279.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 168.50 279.15 267.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 435.50 279.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 439.50 279.15 64.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 503.50 279.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 507.50 279.15 55.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 259.15 114.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 164.50 259.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 168.50 259.15 267.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 435.50 259.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 439.50 259.15 64.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 503.50 259.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 507.50 259.15 55.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 239.15 114.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 164.50 239.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 168.50 239.15 267.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 435.50 239.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 439.50 239.15 64.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 503.50 239.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 507.50 239.15 55.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 219.15 114.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 164.50 219.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 168.50 219.15 267.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 435.50 219.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 439.50 219.15 64.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 503.50 219.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 507.50 219.15 55.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 199.15 114.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 164.50 199.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 168.50 199.15 267.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 435.50 199.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 439.50 199.15 64.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 503.50 199.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 507.50 199.15 55.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 179.15 114.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 164.50 179.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 168.50 179.15 267.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 435.50 179.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 439.50 179.15 64.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 503.50 179.15 4.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 507.50 179.15 55.00 -20.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 333.15 m 164.5 333.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 333.15 m 435.5 333.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 333.15 m 503.5 333.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 333.15 m 562.5 333.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 91.05 337.60 Td (Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.15 337.60 Td (Purpose) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.45 353.60 Td (Approximate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.95 345.60 Td (Square) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.55 337.60 Td (Feet) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 361.60 Td (Principal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.90 353.60 Td (Lease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.30 345.60 Td (Expiration) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.65 337.60 Td (Dates) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 315.85 Td (Mountain View, California) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 171.00 315.85 Td (Corporate headquarters and principal offices for Small Business) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 171.00 306.85 Td (& Self-Employed segment) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 454.70 315.85 Td (487,000) Tj ET Q BT /F3 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 510.45 322.65 48.03 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 510.45 315.85 Td (2024 - 2026) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 292.85 Td (Mountain View, California) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 171.00 292.85 Td (Corporate headquarters and principal offices for Small Business) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 171.00 283.85 Td (& Self-Employed segment) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 454.70 292.85 Td (225,000) Tj ET Q BT /F3 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 519.65 299.65 29.68 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 519.65 292.85 Td (Owned) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 263.85 Td (San Diego, California) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 171.00 263.85 Td (Principal offices for Consumer segment) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 454.70 263.85 Td (466,000) Tj ET Q BT /F3 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 519.65 270.65 29.68 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 519.65 263.85 Td (Owned) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 243.85 Td (Bangalore, India) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 171.00 243.85 Td (Principal offices for Intuit India) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 454.70 243.85 Td (427,000) Tj ET Q BT /F3 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 510.45 250.65 48.03 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 510.45 243.85 Td (2020 - 2022) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 223.85 Td (Woodland Hills, California) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 171.00 229.85 Td (Principal offices for Small Business & Self-Employed payment) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 171.00 220.85 Td (solutions business) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 454.70 223.85 Td (221,000) Tj ET Q BT /F3 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 510.45 230.65 48.03 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 510.45 223.85 Td (2018 - 2021) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 203.85 Td (Menlo Park, California) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 171.00 203.85 Td (Subleased office space) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 454.70 203.85 Td (210,000) Tj ET Q BT /F3 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 524.45 210.65 20.02 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 524.45 203.85 Td (2025) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 183.85 Td (San Francisco, California) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 171.00 183.85 Td (General office space) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 454.70 183.85 Td (202,000) Tj ET Q BT /F3 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 524.45 190.65 20.02 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 524.45 183.85 Td (2025) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 163.85 Td (Plano, Texas) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 171.00 163.85 Td (Principal offices for Strategic Partner segment and data center) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 454.70 163.85 Td (166,000) Tj ET Q BT /F3 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 524.45 170.65 20.02 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 524.45 163.85 Td (2026) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 139.85 Td (We also lease or own facilities in a number of smaller domestic locations and lease facilities internationally in Canada, the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 129.05 Td (United Kingdom, Singapore, Australia, Israel, and several other locations. We believe our facilities are suitable and adequate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (for our current and near-term needs, and that we will be able to locate additional facilities as needed. See Note 9 to the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 107.45 Td (financial statements in Item8 of this Annual Report for more information about our lease commitments.) Tj ET Q endstream endobj 53 0 obj <>] /Rotate 0 /Contents 54 0 R>> endobj 54 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (25 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 748.5 m 562.5 748.5 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 733.5 m 562.5 733.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 736.17 Td (ITEM 3 - LEGAL PROCEEDINGS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 714.20 Td (In fiscal 2015 Intuit was contacted by certain state and federal regulatory authorities in connection with inquiries regarding an ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 703.40 Td (increase during the 2015 tax season in attempts by criminals using stolen identity information to file fraudulent tax returns and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 692.65 Td (claim refunds. Intuit provided information in response to those inquiries and now believes those inquiries are resolved. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 675.80 Td (A consolidated putative class action lawsuit was filed by individuals who claim to have suffered damages in connection with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 665.05 Td (the 2015 events. On May 23, 2018, the parties reached a settlement in principle of this matter, which is subject to preliminary ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 654.25 Td (and final approval by the court. On August 23, 2018, the parties filed a motion for preliminary approval of the settlement. A ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 643.40 Td (preliminary approval hearing is scheduled to be heard on October 4, 2018. The terms of the proposed settlement are not ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 632.65 Td (material to our consolidated financial statements. In the event the settlement does not receive final approval by the court, the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 621.80 Td (litigation may resume and we may not be able to predict the outcome of such lawsuit. We continue to believe that the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 611.00 Td (allegations in this lawsuit are without merit.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 594.25 Td (Intuit is subject to certain routine legal proceedings, including class action lawsuits like the suit described above, as well as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 583.40 Td (demands, claims, government inquiries and threatened litigation, that arise in the normal course of our business, including ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 572.60 Td (assertions that we may be infringing patents or other intellectual property rights of others. We currently believe that, in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 561.80 Td (addition to any amounts accrued, the amount of potential losses, if any, for any pending claims of any type \(either alone or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 551.00 Td (combined\) will not have a material impact on our consolidated financial statements. The ultimate outcome of any litigation is ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 540.20 Td (uncertain and, regardless of outcome, litigation can have an adverse impact on Intuit because of defense costs, negative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 529.40 Td (publicity, diversion of management resources and other factors. Our failure to obtain necessary license or other rights, or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 518.60 Td (litigation arising out of intellectual property claims could adversely affect our business.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 488.3 m 562.5 488.3 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 473.3 m 562.5 473.3 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 475.97 Td (ITEM 4 - MINE SAFETY DISCLOSURES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 451.00 Td (None.) Tj ET Q endstream endobj 55 0 obj <>] /Rotate 0 /Contents 56 0 R>> endobj 56 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (26 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 739.20 Td (PART II) Tj ET Q 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 719.7 m 562.5 719.7 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 675.7 m 562.5 675.7 l s BT /F2 13.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 707.37 Td (ITEM 5 - MARKET FOR REGISTRANTS COMMON EQUITY, RELATED) Tj ET Q BT /F2 13.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 116.00 694.37 Td (STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY) Tj ET Q BT /F2 13.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 116.00 681.37 Td (SECURITIES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 652.20 Td (Market Information for Common Stock) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 635.40 Td (Intuits common stock is quoted on the Nasdaq Global Select Market under the symbol INTU. The following table shows the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 624.60 Td (range of high and low sale prices reported on the Nasdaq Global Select Market for the periods indicated. The closing price of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 613.80 Td (Intuits common stock on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 153.43 613.80 Td (August24, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 219.80 613.80 Td ( was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.98 613.80 Td ($216.63) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 272.50 613.80 Td (.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 505.30 408.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 458.50 505.30 44.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 502.50 505.30 16.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 518.50 505.30 44.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 490.30 408.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 458.50 490.30 44.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 502.50 490.30 16.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 518.50 490.30 44.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 475.30 408.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 458.50 475.30 44.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 502.50 475.30 16.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 518.50 475.30 44.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 460.30 408.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 458.50 460.30 44.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 502.50 460.30 16.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 518.50 460.30 44.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 445.30 408.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 458.50 445.30 44.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 502.50 445.30 16.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 518.50 445.30 44.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 590.3 m 502.5 590.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 590.3 m 562.5 590.3 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.05 594.00 Td (High) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.30 594.00 Td (Low) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 580.00 Td (Fiscal year ended July 31, 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.00 580.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.00 580.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 565.00 Td (First quarter) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.90 565.00 Td ($114.06) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.90 565.00 Td ($106.34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 550.00 Td (Second quarter) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.90 550.00 Td (120.55) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.90 550.00 Td (103.22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 535.00 Td (Third quarter) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.90 535.00 Td (128.45) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.90 535.00 Td (111.90) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 520.00 Td (Fourth quarter) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.90 520.00 Td (143.81) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.90 520.00 Td (124.22) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 53.00 501.80 132.65 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 495.00 Td (Fiscal year ended July 31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 499.00 495.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 559.00 495.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 480.00 Td (First quarter) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 466.90 480.00 Td ($153.86) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 526.90 480.00 Td ($133.60) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 465.00 Td (Second quarter) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 471.90 465.00 Td (170.59) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 531.90 465.00 Td (150.55) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 450.00 Td (Third quarter) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 471.90 450.00 Td (188.56) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 531.90 450.00 Td (150.43) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 435.00 Td (Fourth quarter) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 471.90 435.00 Td (219.46) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 531.90 435.00 Td (183.02) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 403.80 Td (Stockholders) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 387.00 Td (As of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.35 387.00 Td (August24, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 139.73 387.00 Td ( we had approximately 440 record holders and approximately 228,000 beneficial holders of our common ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 376.20 Td (stock.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 349.20 Td (Dividends) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 332.40 Td (We declared and paid quarterly cash dividends that totaled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.00 332.40 Td ($1.56) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.52 332.40 Td ( per share of outstanding common stock or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.33 332.40 Td ($407 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.51 332.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 321.60 Td (during fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 101.34 321.60 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 121.35 321.60 Td (; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 126.36 321.60 Td ($1.36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 148.87 321.60 Td ( per share of outstanding common stock or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.69 321.60 Td ($353 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.86 321.60 Td ( during fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.70 321.60 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.72 321.60 Td (; and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.40 321.60 Td ($1.20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.91 321.60 Td ( per share of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 310.80 Td (outstanding common stock or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 173.44 310.80 Td ($318 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 222.61 310.80 Td ( during fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 276.45 310.80 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.46 310.80 Td (. In August ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.66 310.80 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.68 310.80 Td ( our Board of Directors declared a quarterly cash ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 300.00 Td (dividend of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 98.35 300.00 Td ($0.47) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 120.87 300.00 Td ( per share of outstanding common stock payable on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.86 300.00 Td (October 18, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.42 300.00 Td ( to stockholders of record at the close ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 289.20 Td (of business on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 110.21 289.20 Td (October 10, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 181.77 289.20 Td (. We currently expect to continue to pay comparable cash dividends on a quarterly basis in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 278.40 Td (the future; however, future declarations of dividends and the establishment of future record dates and payment dates are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 267.60 Td (subject to the final determination of our Board of Directors.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 240.60 Td (Recent Sales of Unregistered Securities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 223.80 Td (None.) Tj ET Q endstream endobj 57 0 obj <>] /Rotate 0 /Contents 58 0 R>> endobj 58 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (27 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 741.45 Td (Purchases of Equity Securities by the Issuer and Affiliated Purchasers) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 724.65 Td (Stock repurchase activity during the three months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.81 724.65 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.18 724.65 Td ( was as follows: ) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 649.15 247.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 297.50 649.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 301.50 649.15 55.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 356.50 649.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 360.50 649.15 55.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 415.50 649.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 419.50 649.15 60.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 479.50 649.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 483.50 649.15 79.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 634.15 247.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 297.50 634.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 301.50 634.15 55.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 356.50 634.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 360.50 634.15 55.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 415.50 634.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 419.50 634.15 60.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 479.50 634.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 483.50 634.15 79.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 619.15 247.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 297.50 619.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 301.50 619.15 55.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 356.50 619.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 360.50 619.15 55.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 415.50 619.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 419.50 619.15 60.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 479.50 619.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 483.50 619.15 79.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 604.15 247.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 297.50 604.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 301.50 604.15 55.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 356.50 604.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 360.50 604.15 55.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 415.50 604.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 419.50 604.15 60.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 479.50 604.15 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 483.50 604.15 79.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 653.15 m 297.5 653.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 653.15 m 356.5 653.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 653.15 m 415.5 653.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 653.15 m 479.5 653.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 653.15 m 562.5 653.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 604.15 m 356.5 604.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 590.15 m 356.5 590.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 588.15 m 356.5 588.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 604.15 m 479.5 604.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 590.15 m 479.5 590.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 588.15 m 479.5 588.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 161.20 657.60 Td (Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.45 681.60 Td (Total ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.15 673.60 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.15 665.60 Td (of Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.30 657.60 Td (Purchased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.75 673.60 Td (Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.85 665.60 Td (Price Paid) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.40 657.60 Td (per Share) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.40 705.60 Td (Total Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.65 697.60 Td (of Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.80 689.60 Td (Purchased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.15 681.60 Td (as Part of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.60 673.60 Td (Publicly) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.70 665.60 Td (Announced) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.25 657.60 Td (Plans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.95 705.60 Td (Approximate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.80 697.60 Td (Dollar Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.15 689.60 Td (of Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.90 681.60 Td (That May Yet) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.20 673.60 Td (Be Purchased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.90 665.60 Td (Under) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.45 657.60 Td (the Plans) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 53.00 645.65 141.43 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 638.85 Td (May 1, 2018 through May 31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 344.45 638.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 380.45 638.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 467.45 638.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 496.90 638.85 Td ($1,249,190,341) Tj ET Q BT /F3 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 53.00 630.65 145.79 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 623.85 Td (June 1, 2018 through June 30, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 344.45 623.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 380.45 623.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 467.45 623.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 496.90 623.85 Td ($1,249,190,341) Tj ET Q BT /F3 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 53.00 615.65 138.77 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 608.85 Td (July 1, 2018 through July 31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 344.45 608.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 380.45 608.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 467.45 608.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 496.90 608.85 Td ($1,249,190,341) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 593.85 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 344.45 593.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 380.45 593.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 467.45 593.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 522.50 593.85 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 569.85 Td (Note: ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.31 569.85 Td (On August 19, 2016 we announced a plan under which we are authorized to repurchase up to $2 billion of our common ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 559.05 Td (stock. At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 88.20 559.05 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 141.56 559.05 Td (, authorization from our Board of Directors to expend up to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.93 559.05 Td ($1.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.45 559.05 Td ( billion remained available under that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 548.25 Td (plan. On ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.35 548.25 Td (August 21, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 153.72 548.25 Td (, our Board approved a new stock repurchase program under which we are authorized to repurchase ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 537.45 Td (up to an additional ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 129.04 537.45 Td ($2 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 166.04 537.45 Td ( of our common stock, bringing the total authorization to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.88 537.45 Td ($3.2 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.38 537.45 Td (.) Tj ET Q endstream endobj 59 0 obj <>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (28 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 741.45 Td (Company Stock Price Performance) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 721.65 Td (The graph below compares the cumulative total stockholder return on Intuit common stock for the last five full fiscal years with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 710.85 Td (the cumulative total returns on the S&P 500 Index and the Morgan Stanley Technology Index for the same period. The graph ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 700.05 Td (assumes that $100 was invested in Intuit common stock and in each of the other indices on July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.26 700.05 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.28 700.05 Td ( and that all dividends ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (were reinvested. The comparisons in the graph below are based on historical data with Intuit common stock prices based on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 678.45 Td (the closing price on the dates indicated and are not intended to forecast the possible future performance of Intuits common ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 667.65 Td (stock.) Tj ET Q BT /F7 12.00 Tf ET q 0 0 0 rg BT 149.95 644.25 Td (COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN*) Tj ET Q BT /F7 12.00 Tf ET q 0 0 0 rg BT 206.85 620.85 Td (Among Intuit Inc., the S&P 500 Index,) Tj ET Q BT /F7 12.00 Tf ET q 0 0 0 rg BT 203.90 606.45 Td (and Morgan Stanley Technology Index) Tj ET Q /GS0 gs q 460.00 0 0 365.00 76.00 227.45 cm /I22 Do Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 122.00 222.85 Td (*$100 invested on ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 189.45 222.85 Td (7/31/13) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 217.61 222.85 Td ( in stock or index, including reinvestments of dividends.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 122.00 213.25 Td (Fiscal year ending July 31.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 122.00 194.05 Td (Copyright 2018 Standard and Poors, a division of S&P Global. All rights reserved.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 153.95000000000005 m 285.5 153.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 153.95000000000005 m 338.5 153.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 153.95000000000005 m 391.5 153.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 153.95000000000005 m 444.5 153.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 153.95000000000005 m 497.5 153.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 153.95000000000005 m 550.5 153.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 153.95000000000005 m 338.5 153.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 153.95000000000005 m 391.5 153.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 153.95000000000005 m 444.5 153.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 153.95000000000005 m 497.5 153.95000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.95 165.40 Td (July 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.00 157.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.95 165.40 Td (July 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.00 157.40 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.95 165.40 Td (July 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.00 157.40 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.95 165.40 Td (July 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.00 157.40 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.95 165.40 Td (July 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.00 157.40 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.95 165.40 Td (July 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 157.40 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 144.65 Td (Intuit Inc.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 243.00 144.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 252.95 144.65 Td (100.00) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.00 144.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 144.65 Td (129.56) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.00 144.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.95 144.65 Td (168.99) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.00 144.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.95 144.65 Td (179.46) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 144.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.95 144.65 Td (224.43) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.00 144.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.95 144.65 Td (337.16) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 130.65 Td (S&P 500) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 243.00 130.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 252.95 130.65 Td (100.00) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.00 130.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 130.65 Td (116.94) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.00 130.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.95 130.65 Td (130.05) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.00 130.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.95 130.65 Td (137.35) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 130.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.95 130.65 Td (159.38) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.00 130.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.95 130.65 Td (185.26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 116.65 Td (Morgan Stanley Technology Index) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 243.00 116.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 252.95 116.65 Td (100.00) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.00 116.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 116.65 Td (128.42) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.00 116.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.95 116.65 Td (144.43) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.00 116.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.95 116.65 Td (161.79) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 116.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.95 116.65 Td (206.73) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.00 116.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.95 116.65 Td (272.62) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 61 0 obj <>] /Rotate 0 /Contents 62 0 R>> endobj 62 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (29 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 748.5 m 562.5 748.5 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 733.5 m 562.5 733.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 736.17 Td (ITEM 6 - SELECTED FINANCIAL DATA) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 711.20 Td (The following tables show Intuits selected financial information for the past five fiscal years. The comparability of the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 700.40 Td (information is affected by a variety of factors, including acquisitions and divestitures of businesses, issuance and repayment of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 689.65 Td (debt, share-based compensation expense, amortization of acquired technology and other acquired intangible assets, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 678.80 Td (repurchases of common stock under our stock repurchase programs, and the payment of cash dividends.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 662.00 Td (In fiscal 2014, fiscal 2015, and fiscal 2018 we acquired several companies and we have included the results of operations for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 651.20 Td (each of them in our consolidated results of operations from their respective dates of acquisition.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 634.40 Td (In fiscal 2014 we completed the sales of our Intuit Financial Services and Intuit Health businesses. In fiscal 2016 we completed ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 623.65 Td (the sales of our Demandforce, QuickBase, and Quicken businesses. We accounted for all of these businesses as discontinued ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 612.80 Td (operations and have therefore reclassified our statements of operations for all periods presented below to reflect them as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 602.00 Td (such. We have also reclassified our balance sheets for all periods presented below to reflect Intuit Financial Services, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 591.20 Td (Demandforce, QuickBase, and Quicken as discontinued operations. The net assets of Intuit Health were not significant, so we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 580.40 Td (have not reclassified our balance sheets for any period presented below to reflect them as discontinued operations.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 563.60 Td (To better understand the information in these tables, investors should read ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 354.50 563.60 Td (Managements Discussion and Analysis of ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 552.80 Td (Financial Condition and Results of Operations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.59 552.80 Td ( in Item7 of this Annual Report, and the financial statements and related notes ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 542.00 Td (in Item8 of this Annual Report, especially Note 7, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 253.27 542.00 Td (Discontinued Operations.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.17 542.00 Td ( ) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 517.50 41.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 502.50 41.00 -11.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 491.50 41.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 476.50 41.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 461.50 41.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 446.50 41.00 -11.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 435.50 41.00 -25.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 410.50 41.00 -11.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 399.50 41.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 384.50 41.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 369.50 41.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 354.50 41.00 -11.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 343.50 41.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 328.50 41.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 313.50 41.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 298.50 41.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 283.50 41.00 -11.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 272.50 41.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 257.50 41.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 242.50 41.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 227.50 41.00 -11.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 329.50 216.50 41.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 517.5 m 370.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 517.5 m 377.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 517.5 m 418.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 517.5 m 425.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 517.5 m 466.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 517.5 m 473.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 517.5 m 514.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 517.5 m 521.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 517.5 m 562.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 517.5 m 370.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 502.5 m 370.5 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 517.5 m 418.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 502.5 m 418.5 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 502.5 m 466.5 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 502.5 m 514.5 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 502.5 m 562.5 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 298.5 m 370.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 298.5 m 418.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 298.5 m 466.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 298.5 m 514.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 298.5 m 562.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 284.5 m 370.5 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 282.5 m 370.5 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 284.5 m 418.5 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 282.5 m 418.5 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 284.5 m 466.5 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 282.5 m 466.5 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 284.5 m 514.5 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 282.5 m 514.5 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 284.5 m 562.5 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 282.5 m 562.5 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 242.5 m 514.5 242.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 242.5 m 370.5 242.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 228.5 m 370.5 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 226.5 m 370.5 226.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 242.5 m 418.5 242.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 228.5 m 418.5 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 226.5 m 418.5 226.5 l s 0 0 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Tc 100 Tz 0 TL q 0 0 0 rg BT 388.00 506.95 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.00 506.95 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 506.95 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.00 506.95 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 481.20 Td (Total net revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 332.00 481.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 344.75 481.20 Td (5,964) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 380.00 481.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.90 481.20 Td (5,177) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.00 481.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.90 481.20 Td (4,694) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.00 481.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.90 481.20 Td (4,192) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.00 481.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.90 481.20 Td (4,243) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 466.20 Td (Total costs and expenses) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 344.75 466.20 Td (4,467) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 392.90 466.20 Td (3,782) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.90 466.20 Td (3,452) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.90 466.20 Td (3,454) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.90 466.20 Td (2,943) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 451.20 Td (Operating income from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 344.75 451.20 Td (1,497) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 392.90 451.20 Td (1,395) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.90 451.20 Td 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ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 400.40 389.20 Td (971) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.40 389.20 Td (806) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.40 389.20 Td (413) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 389.20 Td (853) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 374.20 Td (Net income \(loss\) from discontinued operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 358.30 374.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 406.45 374.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.40 374.20 Td (173) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.90 374.20 Td (\(48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.45 374.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.40 374.20 Td (54) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 359.20 Td (Net income) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 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BT 493.90 288.20 Td (1.30) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.00 288.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.90 288.20 Td (3.18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 262.20 Td (Diluted net income per share from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 332.00 262.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 349.75 262.20 Td (4.64) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 380.00 262.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 397.90 262.20 Td (3.72) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.00 262.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.90 262.20 Td (3.04) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.00 262.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.90 262.20 Td (1.45) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.00 262.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.90 262.20 Td (2.94) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 247.20 Td (Diluted net income \(loss\) per share from discontinued operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 358.30 247.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 406.45 247.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.90 247.20 Td (0.65) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.40 247.20 Td (\(0.17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.45 247.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.90 247.20 Td (0.18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 232.20 Td (Diluted net income per share) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 332.00 232.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 349.75 232.20 Td (4.64) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 380.00 232.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 397.90 232.20 Td (3.72) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.00 232.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.90 232.20 Td (3.69) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.00 232.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.90 232.20 Td (1.28) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.00 232.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.90 232.20 Td (3.12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 206.20 Td (Dividends declared per common share) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 332.00 206.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 349.75 206.20 Td (1.56) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 380.00 206.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 397.90 206.20 Td (1.36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 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Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 695.20 Td (Managements Discussion and Analysis of Financial Condition and Results of Operations \(MD&A\) is intended to provide ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 684.40 Td (readers of our consolidated financial statements with the perspectives of management. This should allow the readers of this ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 673.60 Td (report to obtain a comprehensive understanding of our businesses, strategies, current trends, and future prospects. Our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 662.80 Td (MD&A includes the following sections:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 652.30 512.00 -90.00 re f /GS0 gs BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 57.50 637.70 Td () Tj ET Q BT /F5 16.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 62.00 637.70 Td ( ) Tj ET Q BT /F5 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 66.74 637.70 Td (Executive Overview:) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 152.93 637.70 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 157.93 637.70 Td (High level discussion of our operating results and some of the trends that affect our business.) 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Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 57.50 594.70 Td () Tj ET Q BT /F5 16.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 62.00 594.70 Td ( ) Tj ET Q BT /F5 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 66.74 594.70 Td (Results of Operations:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 160.40 594.70 Td ( A more detailed discussion of our revenue and expenses.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 57.50 577.70 Td () Tj ET Q BT /F5 16.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 62.00 577.70 Td ( ) Tj ET Q BT /F5 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 66.74 577.70 Td (Liquidity and Capital Resources:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 201.45 577.70 Td ( Discussion of key aspects of our statements of cash flows, changes in our balance ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.50 567.00 Td (sheets, and our financial commitments.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 543.00 Td (You should note that this MD&A contains forward-looking statements that involve risks and uncertainties. Please see the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 532.20 Td (section entitled ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 115.02 532.20 Td (Forward-Looking Statements) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 241.28 532.20 Td ( immediately preceding Part1 for important information to consider when ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 521.40 Td (evaluating such statements.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 504.60 Td (You should read this MD&A in conjunction with the financial statements and related notes in Item8 of this Annual Report. In ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 493.80 Td (fiscal 2018 we acquired TSheets.com LLC, Exactor, Inc., and Applatix, Inc. We have included their results of operations in our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 483.00 Td (consolidated results of operations from the dates of acquisitions. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 466.20 Td (In August 2017, we aligned our segment reporting for fiscal 2018 with our core customers and business partners.The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 455.40 Td (Consumer Ecosystem offering moved from the Small Business segment into the Consumer Tax segment. The company also ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 444.60 Td (renamed the Small Business, Consumer Tax, and ProConnect segments as the Small Business & Self-Employed, Consumer, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 433.80 Td (Strategic Partner segments, respectively. The Strategic Partner segment will continue to manage our professional tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 423.00 Td (offerings. We have reclassified certain amounts related to our reportable segments previously reported in our financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 412.20 Td (statements to conform to the current presentation. See Note 14 to the financial statements in Item8 of this Annual Report for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 401.40 Td (more information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 384.60 Td (In fiscal 2016 we completed the sales of our Demandforce, QuickBase, and Quicken businesses. We have reclassified our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 373.80 Td (statements of operations for fiscal 2016 to reflect all of these businesses as discontinued operations. Because the cash flows of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 363.00 Td (these discontinued operations were not material , we have not segregated them on our statements of cash flows. See Results ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 352.20 Td (of Operations Non-Operating Income and Expense Discontinued) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 326.83 352.20 Td ( Operations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.36 352.20 Td ( later in this Item7 for more information. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 341.40 Td (Unless otherwise noted, the following discussion pertains to our continuing operations.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 321.90 513.00 -18.00 re f /GS0 gs BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 309.57 Td (EXECUTIVE OVERVIEW) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 284.60 Td (This overview provides a high level discussion of our operating results and some of the trends that affect our business. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 273.80 Td (believe that an understanding of these trends is important in order to understand our financial results for fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.40 273.80 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.41 273.80 Td ( as well as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 263.00 Td (our future prospects. This summary is not intended to be exhaustive, nor is it a substitute for the detailed discussion and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 252.20 Td (analysis provided elsewhere in this Annual Report on Form 10-K.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 232.70 513.00 -16.00 re f /GS0 gs BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 221.88 Td (Industry Trends and Seasonality) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 196.20 Td (Industry Trends) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 179.40 Td (The rapid expansion of cloud-based services is creating a more dynamic and highly competitive software industry. High ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 168.60 Td (availability and speed of service are reshaping customer expectations around the world. These shifts are accelerating product ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 157.80 Td (introductions and enhancements. Among cloud-based service companies, free business models and micro-job solutions are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 147.00 Td (also becoming more prevalent within the industry. Personalization and data-driven insights, augmented by artificial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 136.20 Td (intelligence and machine learning, are transforming the way that people manage their financial lives. ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 115.20 Td (Seasonality) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 98.45 Td (Our Consumer offerings have significant seasonal patterns. As a result, during each of the last three fiscal years the total ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 87.65 Td (consolidated revenue for our third quarter ended April30 has represented nearly half of our annual total consolidated revenue ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 76.85 Td (for those years. We expect the seasonality of our Consumer business to continue to have a significant impact on our quarterly ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 66.05 Td (financial results in the future.) 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Our future growth also increasingly depends on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 691.65 Td (the strength of our third-party business relationships and our ability to continue to develop, maintain, and strengthen new and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 680.80 Td (existing relationships. To remain competitive and continue to grow, we are investing significant resources in our product ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 670.05 Td (development, marketing, and sales capabilities, and we expect to continue to do so in the future.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 653.25 Td (As we offer more online services, the ongoing operation and availability of our platforms and systems and those of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 642.40 Td (external service providers is becoming increasingly important. Because we help customers manage their financial lives, we face ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 631.65 Td (risks associated with the hosting, collection, use, and retention of personal customer information and data. We are investing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 620.80 Td (significant management attention and resources in our information technology infrastructure and in our privacy and security ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 610.00 Td (capabilities, and we expect to continue to do so in the future.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 593.20 Td (For our consumer and professional tax offerings, we have implemented additional security measures and are continuing to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 582.40 Td (work with state and federal governments to share information regarding suspicious filings. We continue to invest in security ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 571.60 Td (measures and to work with the broader industry and government to protect our customers against this type of fraud.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 554.80 Td (For a complete discussion of the most significant risks and uncertainties affecting our business, please see ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 479.54 554.80 Td (Forward-Looking ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 544.00 Td (Statements ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 102.87 544.00 Td (immediately preceding Part 1 and) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 239.91 544.00 Td ( Risk Factors) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.77 544.00 Td ( in Item 1A of Part I of this Report.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 521.50 513.00 -16.00 re f /GS0 gs BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 510.68 Td (Overview of Financial Results) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 486.20 Td (The most important financial indicators that we use to assess our business are revenue growth for the company as a whole, for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 475.40 Td (each reportable segment, and for product lines within each reportable segment; operating income growth and operating ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 464.60 Td (income margins for the company as a whole and for each reportable segment; earnings per share; and cash flow from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 453.80 Td (operations. We also track certain non-financial drivers of revenue growth and, when material, identify them in the applicable ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 443.00 Td (discussions of segment results below. These non-financial drivers include, for example, customer growth and retention for all ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 432.20 Td (of our businesses. Online service offerings are a significant part of our business. Our total service and other revenue was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.96 432.20 Td ($4.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.47 432.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 421.40 Td (billion or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 88.01 421.40 Td (75%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 105.51 421.40 Td ( of our total revenue in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 222.76 421.40 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.78 421.40 Td ( and we expect our total service and other revenue to continue to grow in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 410.60 Td (future.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 386.60 Td (Key highlights for fiscal 2018 include the following:) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 49.50 376.10 162.00 -15.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 222.50 376.10 164.00 -15.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 397.50 376.10 164.00 -15.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 49.50 361.10 162.00 -30.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 222.50 361.10 164.00 -30.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 397.50 361.10 164.00 -30.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 49.50 331.10 162.00 -29.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 222.50 331.10 164.00 -29.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 397.50 331.10 164.00 -29.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 49.50 302.10 162.00 -27.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 222.50 302.10 164.00 -27.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 397.50 302.10 164.00 -27.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 49.50 275.10 162.00 -15.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 222.50 275.10 164.00 -15.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 397.50 275.10 164.00 -15.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 49.50 245.10 162.00 -15.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 222.50 245.10 164.00 -15.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 397.50 245.10 164.00 -15.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 49.50 230.10 162.00 -30.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 222.50 230.10 164.00 -30.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 397.50 230.10 164.00 -30.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 49.50 200.10 162.00 -29.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 222.50 200.10 164.00 -29.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 397.50 200.10 164.00 -29.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 49.50 171.10 162.00 -27.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 222.50 171.10 164.00 -27.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 397.50 171.10 164.00 -27.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 49.50 144.10 162.00 -15.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 222.50 144.10 164.00 -15.00 re f /GS0 gs 0.9215686274509803 0.9764705882352941 1 rg /GS0 gs 397.50 144.10 164.00 -15.00 re f /GS0 gs BT /F3 11.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 52.00 336.28 Td (Revenue of) Tj ET Q BT /F3 11.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 225.00 347.28 Td (Small Business & Self-Employed) Tj ET Q BT /F3 11.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 225.00 336.28 Td (revenue of) Tj ET Q BT /F3 11.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 400.00 336.28 Td (Consumer revenue of) Tj ET Q BT /F2 24.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 52.00 310.46 Td ($6.0 B) Tj ET Q BT /F2 24.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 225.00 310.46 Td ($3.0 B) Tj ET Q BT /F2 24.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 400.00 310.46 Td ($2.5 B) Tj ET Q BT /F3 11.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 52.00 280.28 Td (up 15% from fiscal 2017) Tj ET Q BT /F3 11.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 225.00 280.28 Td (up 18% from fiscal 2017) Tj ET Q BT /F3 11.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 400.00 280.28 Td (up 14% from fiscal 2017) Tj ET Q BT /F3 11.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 52.00 205.28 Td (Operating income of) Tj ET Q BT /F3 11.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 225.00 205.28 Td (Net income of) Tj ET Q BT /F3 11.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 400.00 205.28 Td (Diluted net income per share of) Tj ET Q BT /F2 24.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 52.00 179.46 Td ($1.5 B) Tj ET Q BT /F2 24.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 225.00 179.46 Td ($1.2 B) Tj ET Q BT /F2 24.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 400.00 179.46 Td ($4.64) Tj ET Q BT /F3 11.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 52.00 149.28 Td (up 7% from fiscal 2017) Tj ET Q BT /F3 11.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 225.00 149.28 Td (up 25% from fiscal 2017) Tj ET Q BT /F3 11.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 400.00 149.28 Td (up 25% from fiscal 2017) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (33 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 748.50 513.00 -18.00 re f /GS0 gs BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 736.17 Td (CRITICAL ACCOUNTING POLICIES AND ESTIMATES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 711.20 Td (In preparing our consolidated financial statements in accordance with U.S. generally accepted accounting principles \(GAAP\), ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 700.40 Td (we are required to make estimates, assumptions, and judgments that can have a significant impact on our net revenue, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 689.65 Td (operating income or loss and net income or loss, as well as on the value of certain assets and liabilities on our balance sheet. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 678.80 Td (We believe that the estimates, assumptions, and judgments involved in the following accounting policies have the greatest ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 668.05 Td (potential impact on our consolidated financial statements, so we consider these to be our critical accounting policies: ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 651.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 651.20 Td (Revenue Recognition) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 637.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 637.40 Td (Business Combinations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 623.65 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 623.65 Td (Goodwill, Acquired Intangible Assets, and Other Long-Lived Assets Impairment Assessments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 609.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 609.80 Td (Accounting for Share-Based Compensation Plans) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 596.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 596.00 Td (Legal Contingencies) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 582.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 582.20 Td (Accounting for Income Taxes) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 202.93 582.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 205.43 582.20 Td ( Estimates of Deferred Taxes, Valuation Allowances, and Uncertain Tax Positions) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 565.40 Td (Our senior management has reviewed the development and selection of these critical accounting policies and their disclosure ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 554.60 Td (in this Annual Report on Form 10-K with the Audit and Risk Committee of our Board of Directors.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 527.60 Td (Revenue Recognition) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 510.80 Td (We derive revenue from the sale of software subscriptions, hosted services, packaged software products, financial supplies, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 500.00 Td (technical support plans, transaction fees, merchant services hardware, and multiple element arrangements that may include a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 489.20 Td (combination of these items. We follow the appropriate revenue recognition rules for each type of revenue. For additional ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 478.40 Td (information, see ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 117.88 478.40 Td (Revenue Recognition) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 213.11 478.40 Td ( in Note 1 to the financial statements in Item8 of this Annual Report. We generally ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 467.60 Td (recognize revenue when persuasive evidence of an arrangement exists, we have delivered the product or performed the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 456.80 Td (service, the fee is fixed or determinable and collectibility is probable. However, determining whether and when some of these ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 446.00 Td (criteria have been satisfied often involves exercising judgment and using estimates that can have a significant impact on the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 435.20 Td (timing and amount of revenue we report. For example, for multiple element arrangements containing only software and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 424.40 Td (software-related elements, we must exercise judgment and use estimates in order to \(1\) allocate the total price among the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 413.60 Td (various elements we must deliver; \(2\) determine whether undelivered services are essential to the functionality of the delivered ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 402.80 Td (products and services; \(3\) determine whether vendor-specific evidence of fair value exists for each undelivered element; and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 392.00 Td (\(4\) determine whether and when each element has been delivered. For multiple element arrangements containing non-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 381.20 Td (software elements, we must exercise judgment and use estimates in order to \(1\) determine whether and when each element ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 370.40 Td (has been delivered; \(2\) determine the fair value of each element using the selling price hierarchy of vendor-specific evidence of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 359.60 Td (fair value \(VSOE\) if available, third-party evidence \(TPE\) if VSOE is not available, and estimated selling price \(ESP\) if neither ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 348.80 Td (VSOE nor TPE is available; and \(3\) allocate the total price among the various elements based on the relative selling price ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 338.00 Td (method. If we were to change any of these judgments or estimates, it could cause a material increase or decrease in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 327.20 Td (amount of revenue that we report in a particular period. Amounts for fees collected or invoiced and due relating to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 316.40 Td (arrangements where revenue cannot be recognized are reflected on our balance sheet as deferred revenue and recognized ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 305.60 Td (when the applicable revenue recognition criteria are satisfied.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 278.60 Td (Business Combinations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 261.80 Td (As described in ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 114.84 261.80 Td (Description of Business and Summary of Significant Accounting Policies Business Combinations,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.54 261.80 Td ( in Note 1 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 251.00 Td (to the financial statements in Item8 of this Annual Report, under the acquisition method of accounting we generally recognize ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 240.20 Td (the identifiable assets acquired, the liabilities assumed, and any noncontrolling interests in an acquiree at their fair values as of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 229.40 Td (the date of acquisition. We measure goodwill as the excess of consideration transferred, which we also measure at fair value, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 218.60 Td (over the net of the acquisition date fair values of the identifiable assets acquired and liabilities assumed. The acquisition ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 207.80 Td (method of accounting requires us to exercise judgment and make significant estimates and assumptions regarding the fair ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 197.00 Td (values of the elements of a business combination as of the date of acquisition, including the fair values of identifiable ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 186.20 Td (intangible assets, deferred tax asset valuation allowances, liabilities related to uncertain tax positions, and contingencies. This ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 175.40 Td (method also requires us to refine these estimates over a one-year measurement period to reflect new information obtained ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 164.60 Td (about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 153.85 Td (the amounts recognized as of that date. If we are required to retroactively adjust provisional amounts that we have recorded ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 143.05 Td (for the fair values of assets and liabilities in connection with acquisitions, these adjustments could materially decrease our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 132.25 Td (operating income and net income and result in lower asset values on our balance sheet.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 115.45 Td (Significant estimates and assumptions that we must make in estimating the fair value of acquired technology, customer lists, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 104.65 Td (and other identifiable intangible assets include future cash flows that we expect to generate from the acquired assets. If the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 93.85 Td (subsequent actual results and updated projections of the underlying business activity change compared with the assumptions ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 83.05 Td (and projections used to develop these values, we could record impairment charges. In addition, we have estimated the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 72.25 Td (economic lives of certain acquired assets and these lives are used to calculate depreciation and amortization expense. If our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 61.45 Td (estimates of the economic lives change, depreciation or amortization expenses could be accelerated or slowed.) Tj ET Q endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (34 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 741.45 Td (Goodwill, Acquired Intangible Assets and Other Long-Lived Assets Impairment Assessments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 724.65 Td (We estimate the fair value of acquired intangible assets and other long-lived assets that have finite useful lives whenever an ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 713.85 Td (event or change in circumstances indicates that the carrying value of the asset may not be recoverable. We test for potential ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 703.05 Td (impairment of goodwill and other intangible assets that have indefinite useful lives annually in our fourth fiscal quarter or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 692.25 Td (whenever indicators of impairment arise. The timing of the annual test may result in charges to our statement of operations in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 681.45 Td (our fourth fiscal quarter that could not have been reasonably foreseen in prior periods.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 664.65 Td (As described in ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 114.84 664.65 Td (Description of Business and Summary of Significant Accounting Policies Goodwill, Acquired Intangible ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 653.85 Td (Assets and Other Long-Lived Assets,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 203.07 653.85 Td ( in Note 1 to the financial statements in Item8 of this Annual Report, in order to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 643.05 Td (estimate the fair value of goodwill we use a weighted combination of a discounted cash flow model \(known as the income ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 632.25 Td (approach\) and comparisons to publicly traded companies engaged in similar businesses \(known as the market approach\). The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 621.45 Td (income approach requires us to use a number of assumptions, including market factors specific to the business, the amount ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 610.65 Td (and timing of estimated future cash flows to be generated by the business over an extended period of time, long-term growth ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 599.85 Td (rates for the business, and a rate of return that considers the relative risk of achieving the cash flows and the time value of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 589.05 Td (money. We evaluate cash flows at the reporting unit level. Although the assumptions we use in our discounted cash flow ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 578.25 Td (model are consistent with the assumptions we use to generate our internal strategic plans and forecasts, significant judgment ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 567.45 Td (is required to estimate the amount and timing of future cash flows from each reporting unit and the relative risk of achieving ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 556.65 Td (those cash flows. When using the market approach, we make judgments about the comparability of publicly traded companies ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 545.85 Td (engaged in similar businesses. We base our judgments on factors such as size, growth rates, profitability, risk, and return on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 535.05 Td (investment. We also make judgments when adjusting market multiples of revenue, operating income, and earnings for these ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 524.25 Td (companies to reflect their relative similarity to our own businesses. We had a total of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.94 524.25 Td ($1.6 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.44 524.25 Td ( in goodwill on our balance ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 513.45 Td (sheet at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 84.86 513.45 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 138.23 513.45 Td (. See Note 5 to the financial statements in Item8 of this Annual Report for a summary of goodwill by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 502.65 Td (reportable segment.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 485.85 Td (We estimate the recoverability of acquired intangible assets and other long-lived assets that have finite useful lives by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 475.05 Td (comparing the carrying amount of the asset to the future undiscounted cash flows that we expect the asset to generate. In ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 464.25 Td (order to estimate the fair value of those assets, we estimate the present value of future cash flows from those assets. The key ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 453.45 Td (assumptions that we use in our discounted cash flow model are the amount and timing of estimated future cash flows to be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 442.65 Td (generated by the asset over an extended period of time and a rate of return that considers the relative risk of achieving the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 431.85 Td (cash flows and the time value of money. Significant judgment is required to estimate the amount and timing of future cash ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 421.05 Td (flows and the relative risk of achieving those cash flows. We also make judgments about the remaining useful lives of acquired ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (intangible assets and other long-lived assets that have finite lives. We had a total of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.72 410.25 Td ($61 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.90 410.25 Td ( in net acquired intangible ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 399.45 Td (assets on our balance sheet at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 174.42 399.45 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 227.79 399.45 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 382.65 Td (Assumptions and estimates about future values and remaining useful lives are complex and often subjective. They can be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 371.85 Td (affected by a variety of factors, including external factors such as industry and economic trends, and internal factors such as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 361.05 Td (changes in our business strategy and our internal forecasts. For example, if our future operating results do not meet current ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 350.25 Td (forecasts or if we experience a sustained decline in our market capitalization that is determined to be indicative of a reduction ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 339.45 Td (in fair value of one or more of our reporting units, we may be required to record future impairment charges for goodwill and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 328.65 Td (acquired intangible assets. Impairment charges could materially decrease our future net income and result in lower asset ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 317.85 Td (values on our balance sheet.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 301.05 Td (During the fourth quarters of fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 191.91 301.05 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.93 301.05 Td (, fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.43 301.05 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 259.45 301.05 Td (, and fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 304.63 301.05 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.64 301.05 Td ( we performed our annual goodwill impairment tests. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 290.25 Td (Using the methodology described in ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 200.07 290.25 Td (Description of Business and Summary of Significant Accounting Policies Goodwill, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 279.45 Td (Acquired Intangible Assets and Other Long-Lived Assets,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.43 279.45 Td ( in Note 1 to the financial statements in Item 8 of this Annual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 268.65 Td (Report, we determined that the estimated fair values of all of our reporting units exceeded their carrying values and that they ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 257.85 Td (were not impaired. In addition, during this analysis we concluded that the estimated fair values of all of our reporting units ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 247.05 Td (substantially exceeded their carrying values.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 220.05 Td (Accounting for Share-Based Compensation Plans) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 203.25 Td (At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.01 203.25 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.38 203.25 Td (, there was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 161.74 203.25 Td ($882) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 181.76 203.25 Td ( million of total unrecognized compensation cost related to non-vested share-based ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 192.45 Td (compensation arrangements granted under all equity compensation plans which we will amortize to expense in the future. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 181.65 Td (expect to recognize that cost over a weighted average vesting period of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 344.86 181.65 Td (2.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.37 181.65 Td ( years.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 164.85 Td (We use a lattice binomial model and the assumptions described in Note 11 to the financial statements in Item8 of this Annual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 154.05 Td (Report to estimate the fair value of stock options granted. We estimate the expected term of options granted based on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (implied exercise patterns using a binomial model. We estimate the volatility of our common stock at the date of grant based ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 132.45 Td (on the implied volatility of publicly traded one-year and two-year options on our common stock. Our decision to use implied ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 121.65 Td (volatility is based upon the availability of actively traded options on our common stock and our assessment that implied ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 110.85 Td (volatility is more representative of future stock price trends than historical volatility. We base the risk-free interest rate that we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 100.05 Td (use in our option valuation model on the implied yield in effect at the time of option grant on constant maturity U.S. Treasury ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 89.25 Td (issues with equivalent remaining terms. We use an annualized expected dividend yield in our option valuation model. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 78.45 Td (adjust share-based compensation expense for actual forfeitures as they occur. Prior to our adoption of ASU 2016-09 in the first ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 67.65 Td (quarter of fiscal 2017, we estimated forfeitures at the time of grant and revised those estimates in subsequent periods if actual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 56.85 Td (forfeitures differed from those estimates. We amortize the fair value of options on a straight-line basis over the requisite ) Tj ET Q endstream endobj 73 0 obj <>] /Rotate 0 /Contents 74 0 R>> endobj 74 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (35 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (service periods of the awards, which are generally the vesting periods. We may elect to use different assumptions under our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (option valuation model in the future, which could materially affect our net income or loss and net income or loss per share.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 714.60 Td (Restricted stock units \(RSUs\) granted typically vest based on continued service. We value these time-based RSUs at the date of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 703.80 Td (grant using the intrinsic value method. We amortize the fair value of time-based RSUs on a straight-line basis over the service ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 693.00 Td (period. Certain RSUs granted to senior management vest based on the achievement of pre-established performance or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 682.20 Td (market goals. We estimate the fair value of performance-based RSUs at the date of grant using the intrinsic value method and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 671.40 Td (the probability that the specified performance criteria will be met. Each quarter we update our assessment of the probability ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 660.60 Td (that the specified performance criteria will be achieved and adjust our estimate of the fair value of the performance-based ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 649.80 Td (RSUs if necessary. We amortize the fair values of performance-based RSUs over the requisite service period for each ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 639.00 Td (separately vesting tranche of the award. We estimate the fair value of market-based RSUs at the date of grant using a Monte ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 628.20 Td (Carlo valuation methodology and amortize those fair values over the requisite service period for each separately vesting ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 617.40 Td (tranche of the award. The Monte Carlo methodology that we use to estimate the fair value of market-based RSUs at the date ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 606.60 Td (of grant incorporates into the valuation the possibility that the market condition may not be satisfied. Provided that the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 595.80 Td (requisite service is rendered, the total fair value of the market-based RSUs at the date of grant must be recognized as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 585.00 Td (compensation expense even if the market condition is not achieved. However, the number of shares that ultimately vest can ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 574.20 Td (vary significantly with the performance of the specified market criteria. All of the RSUs we grant have dividend rights that are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 563.40 Td (subject to the same vesting requirements as the underlying equity awards, so we do not adjust the intrinsic \(market\) value of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 552.60 Td (our RSUs for dividends. See Note 11 to the financial statements in Item8 of this Annual Report for more information.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 525.60 Td (Legal Contingencies) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 508.80 Td (We are subject to certain legal proceedings, as well as demands, claims and threatened litigation that arise in the normal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 498.00 Td (course of our business. We review the status of each significant matter quarterly and assess our potential financial exposure. If ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 487.20 Td (the potential loss from any claim or legal proceeding is considered probable and the amount can be reasonably estimated, we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 476.40 Td (record a liability and an expense for the estimated loss. If we determine that a loss is possible and the range of the loss can be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 465.60 Td (reasonably determined, then we disclose the range of the possible loss. Significant judgment is required in the determination ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 454.80 Td (of whether a potential loss is probable, reasonably possible, or remote as well as in the determination of whether a potential ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 444.00 Td (exposure is reasonably estimable. Our accruals are based on the best information available at the time. As additional ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 433.20 Td (information becomes available, we reassess the potential liability related to our pending claims and litigation and may revise ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 422.40 Td (our estimates. Potential legal liabilities and the revision of estimates of potential legal liabilities could have a material impact ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 411.60 Td (on our financial position and results of operations.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 384.60 Td (Accounting for Income Taxes Estimates of Deferred Taxes, Valuation Allowances, and Uncertain Tax Positions) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 367.80 Td (We estimate our income taxes based on the various jurisdictions where we conduct business. Significant judgment is required ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 357.00 Td (in determining our worldwide income tax provision. The calculation of our tax liabilities involves dealing with uncertainties in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 346.20 Td (the application of complex tax rules and the potential for future adjustment of our uncertain tax positions by the United States ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 335.40 Td (Internal Revenue Service or other taxing jurisdictions. We estimate our current tax liability and assess temporary differences ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 324.60 Td (that result from differing treatments of certain items for tax and accounting purposes. These differences result in deferred tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 313.80 Td (assets and liabilities, which we show on our balance sheet. We must then assess the likelihood that our deferred tax assets will ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 303.00 Td (be realized. To the extent we believe that realization is not likely, we establish a valuation allowance. When we establish a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 292.20 Td (valuation allowance or increase this allowance in an accounting period, we record a corresponding tax expense in our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 281.40 Td (statement of operations.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 264.60 Td (At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.01 264.60 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.38 264.60 Td (, we had net deferred tax assets of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.80 264.60 Td ($80 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.97 264.60 Td ( which included a valuation allowance of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.72 264.60 Td ($93 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.90 264.60 Td ( for loss and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 253.80 Td (tax credit carryforwards related to state research and experimentation tax credits, foreign losses, and state operating and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 243.00 Td (capital losses. We recorded the valuation allowance to reflect uncertainties about whether we will be able to utilize some of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 232.20 Td (our deferred tax assets before they expire. While we believe our current valuation allowance is sufficient, we could in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 221.40 Td (future be required to increase the valuation allowance to take into account additional deferred tax assets that we may be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 210.60 Td (unable to realize. We assess the need for an adjustment to the valuation allowance on a quarterly basis. The assessment is ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 199.80 Td (based on our estimates of future sources of taxable income for the jurisdictions in which we operate and the periods over ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 189.00 Td (which our deferred tax assets will be realizable. See Note 10 to the financial statements in Item8 of this Annual Report for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 178.20 Td (more information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 161.40 Td (We recognize and measure benefits for uncertain tax positions using a two-step approach. The first step is to evaluate the tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 150.60 Td (position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 139.80 Td (more likely than not that the tax position will be sustained upon audit, including resolution of any related appeals or litigation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 129.00 Td (processes. For tax positions that are more likely than not of being sustained upon audit, the second step is to measure the tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 118.20 Td (benefit as the largest amount that is more than 50% likely of being realized upon settlement. Significant judgment is required ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 107.40 Td (to evaluate uncertain tax positions. We evaluate our uncertain tax positions on a quarterly basis. Our evaluations are based ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 96.60 Td (upon a number of factors, including changes in facts or circumstances, changes in tax law, correspondence with tax authorities ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 85.80 Td (during the course of audits and effective settlement of audit issues. Changes in the recognition or measurement of uncertain ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 75.00 Td (tax positions could result in material increases or decreases in our income tax expense in the period in which we make the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 64.20 Td (change, which could have a material impact on our effective tax rate and operating results.) Tj ET Q endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (36 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (The Tax Cuts and Jobs Act significantly changes existing U.S. tax law and includes numerous provisions that affect our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (business. See Note 10 to the financial statements in Item8 of this Annual Report for more information.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 704.10 513.00 -18.00 re f /GS0 gs BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 691.77 Td (RESULTS OF OPERATIONS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 661.10 212.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 262.50 661.10 56.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 318.50 661.10 5.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 323.50 661.10 56.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 379.50 661.10 5.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 384.50 661.10 56.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 440.50 661.10 5.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 445.50 661.10 56.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 501.50 661.10 5.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 506.50 661.10 56.00 -16.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 262.50 639.10 56.00 -21.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 262.50 618.10 56.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 262.50 603.10 56.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 262.50 588.10 56.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 262.50 573.10 56.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 618.1 m 318.5 618.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 618.1 m 379.5 618.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 618.1 m 440.5 618.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 618.1 m 501.5 618.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 618.1 m 562.5 618.1 l s BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 650.28 Td (Financial Overview) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 622.55 Td (\(Dollars in millions, except per share amounts\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 279.75 630.55 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 280.50 622.55 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 340.75 630.55 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.50 622.55 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.75 630.55 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.50 622.55 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.75 630.55 Td (2018-2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.85 622.55 Td (% Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.75 630.55 Td (2017-2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.85 622.55 Td (% Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 607.80 Td (Total net revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 287.90 607.80 Td ($5,964) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 348.90 607.80 Td ($5,177) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 409.90 607.80 Td ($4,694) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.45 607.80 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.50 607.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 607.80 Td (10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 607.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 592.80 Td (Operating income from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 292.90 592.80 Td (1,497) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 353.90 592.80 Td (1,395) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.90 592.80 Td (1,242) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.45 592.80 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.50 592.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 592.80 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 592.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 577.80 Td (Net income from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 292.90 577.80 Td (1,211) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 361.40 577.80 Td (971) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.40 577.80 Td (806) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.45 577.80 Td (25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.50 577.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 577.80 Td (20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 577.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 563.80 Td (Diluted net income per share from continuing) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 554.80 Td (operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 292.90 554.80 Td ($4.64) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 353.90 554.80 Td ($3.72) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.90 554.80 Td ($3.04) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.45 554.80 Td (25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.50 554.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 554.80 Td (22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 554.80 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 523.60 Td (Fiscal ) Tj ET Q BT /F4 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 77.41 523.60 Td (2018) Tj ET Q BT /F4 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 99.65 523.60 Td ( Compared with Fiscal ) Tj ET Q BT /F4 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 202.10 523.60 Td (2017) Tj ET Q BT /F4 10.00 Tf ET BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 506.80 Td (Total net revenue increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 163.58 506.80 Td ($787) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 183.59 506.80 Td (million or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.27 506.80 Td (15%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 243.78 506.80 Td ( in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 278.45 506.80 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 298.46 506.80 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.50 506.80 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.51 506.80 Td (. Our Small Business & Self-Employed ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 496.00 Td (segment revenue increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 163.57 496.00 Td (18%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 181.07 496.00 Td ( due to growth in the Online Ecosystem driven by customer acquisition. Our Consumer ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 485.20 Td (segment revenue increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 163.57 485.20 Td (14%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 181.07 485.20 Td ( due to a higher average revenue per customer, growth in TurboTax federal units, and a shift ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 474.40 Td (in mix to our higher end product offerings. See ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 242.28 474.40 Td (Segment Results) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.98 474.40 Td ( later in this Item7 for more information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 457.60 Td (Operating income from continuing operations increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 279.47 457.60 Td (7%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.97 457.60 Td ( in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.64 457.60 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 346.66 457.60 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.69 457.60 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.71 457.60 Td (. The increase was due to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 446.80 Td (the higher revenue described above partially offset by higher costs for staffing, advertising and other marketing programs, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 436.00 Td (outside services, and share-based compensation. We also recorded a $79 million loss related to the sale of our data center in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 425.20 Td (Quincy, Washington in the 2018 period.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 408.40 Td (Net income from continuing operations increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.97 408.40 Td (25%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.47 408.40 Td ( in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.14 408.40 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.16 408.40 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.19 408.40 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.21 408.40 Td ( due to the increase in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 397.60 Td (operating income described above and a lower effective tax rate in fiscal 2018 as a result of the Tax Cuts and Jobs Act \(2017 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 386.80 Td (Tax Act\). The net income for fiscal 2018 includes tax benefits related to share-based compensation and the reorganization of a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 376.00 Td (subsidiary during the year which were partially offset by a charge related to the re-measurement of our deferred tax asset ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 365.20 Td (balances as a result of the enactment of the 2017 Tax Act. See Note 10 to the financial statements in Item8 of this Annual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 354.40 Td (Report for more information. Diluted net income per share increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.18 354.40 Td (25%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.68 354.40 Td ( to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 361.20 354.40 Td ($4.64) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.72 354.40 Td (, in line with the increase in net income.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 330.40 Td (Fiscal ) Tj ET Q BT /F4 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 77.41 330.40 Td (2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 99.65 330.40 Td ( Compared with Fiscal ) Tj ET Q BT /F4 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 202.10 330.40 Td (2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 224.34 330.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 313.60 Td (Total net revenue increased $483million or 10% in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 278.45 313.60 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 298.46 313.60 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.50 313.60 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.51 313.60 Td (. Revenue in our Small Business & ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 302.80 Td (Self-Employed segment increased 13% due to growth in Online Ecosystem revenue and the impact of the changes to our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 292.00 Td (QuickBooks Desktop software products. Starting with the release of QuickBooks 2015 in the first quarter of fiscal 2015, and for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 281.20 Td (all subsequent versions, we began delivering ongoing enhancements and certain connected services for our QuickBooks ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 270.40 Td (Desktop software products. We plan to continue to provide ongoing enhancements and certain connected services for all ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 259.60 Td (future versions of these offerings. As a result of these changes, we recognize revenue for these QuickBooks Desktop software ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 248.80 Td (products as services are provided over approximately three years. Revenue in our Consumer segment increased 9% due to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 238.00 Td (growth in TurboTax federal units and a shift in mix to the higher end of our product lineup. Revenue in our Strategic Partner ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 227.20 Td (segment increased 2% to $437 million in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 238.57 227.20 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.58 227.20 Td (. See ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 281.10 227.20 Td (Segment Results) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.80 227.20 Td ( later in this Item7 for more information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 210.40 Td (Operating income from continuing operations increased 12% in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.65 210.40 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 351.66 210.40 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.70 210.40 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.71 210.40 Td ( due to the increase in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 199.60 Td (revenue described above. Higher revenue was partially offset by higher costs and expenses for staffing, advertising and other ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 188.80 Td (marketing programs, and share-based compensation. See ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 285.80 188.80 Td (Operating Expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 377.34 188.80 Td ( later in this Item7 for more information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 172.00 Td (Net income from continuing operations increased 20% in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.14 172.00 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.16 172.00 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.19 172.00 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.21 172.00 Td ( due to the increase in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 161.20 Td (operating income and a lower effective tax rate in the fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.96 161.20 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 311.98 161.20 Td ( period. See ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 363.67 161.20 Td (Non-Operating Income and Expenses - Income ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 150.40 Td (Taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.85 150.40 Td ( later in this Item7 for more information. Diluted net income per share from continuing operations for fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.11 150.40 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.13 150.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 139.60 Td (increased 22% to $3.72 as a result of the increase in net income and the decline in weighted average diluted common shares ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 128.80 Td (compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 135.54 128.80 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 155.55 128.80 Td (.) Tj ET Q endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (37 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 748.50 513.00 -16.00 re f /GS0 gs BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 737.68 Td (Segment Results) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 716.20 Td (The information below is organized in accordance with our three reportable segments. All of our segments operate and sell to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 705.40 Td (customers primarily in the United States. International total net revenue was less than 5% of consolidated total net revenue for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 694.65 Td (all periods presented.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 677.80 Td (Segment operating income is segment net revenue less segment cost of revenue and operating expenses. Segment expenses ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 667.05 Td (do not include certain costs, such as corporate selling and marketing, product development, general and administrative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 656.25 Td (expenses and share-based compensation expenses, which are not allocated to specific segments. These unallocated costs ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 645.40 Td (totaled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.52 645.40 Td ($1.62 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 131.03 645.40 Td ( in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 165.70 645.40 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 185.71 645.40 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 190.71 645.40 Td ($1.32 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 240.22 645.40 Td ( in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 274.89 645.40 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.91 645.40 Td (, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.59 645.40 Td ($1.18 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.10 645.40 Td ( in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.76 645.40 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.78 645.40 Td (. Unallocated costs increased in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 634.65 Td (fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.50 634.65 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 92.52 634.65 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 180.55 634.65 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 200.57 634.65 Td ( and in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.91 634.65 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 272.93 634.65 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.97 634.65 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.98 634.65 Td ( due to increased corporate product ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 623.80 Td (development and selling and marketing expenses in support of the growth of our businesses and higher share-based ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 613.00 Td (compensation expenses. Segment expenses also do not include amortization of acquired technology, amortization of other ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (acquired intangible assets, and goodwill and intangible asset impairment charges. See Note 14 to the financial statements in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 591.40 Td (Item8 of this Annual Report for reconciliations of total segment operating income to consolidated operating income from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 580.60 Td (continuing operations for each fiscal year presented.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 563.80 Td (We calculate revenue growth rates and segment operating margin figures using dollars in thousands. Those results may vary ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 553.00 Td (slightly from figures calculated using the dollars in millions presented.) 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Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 590.65 Td (Small Business & Self-Employed segment service and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 579.80 Td (other revenue is derived primarily from our QuickBooks ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 569.00 Td (Online and QuickBooks Self-Employed financial and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 558.20 Td (business management offerings; QuickBooks Desktop Pro ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 547.40 Td (Plus, QuickBooks Desktop Premier Plus, and QuickBooks ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 536.60 Td (Enterprise with Hosting, our subscription offerings; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 525.80 Td (QuickBooks Enterprise term licenses and QuickBooks ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 515.00 Td (technical support plans; small business payroll services, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 504.20 Td (including QuickBooks Online Payroll, Intuit Online Payroll, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 493.40 Td (QuickBooks Assisted Payroll, and Intuit Full Service Payroll; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 482.60 Td (and payment processing services for small businesses.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 270.50 461.50 52.00 -21.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 270.50 440.50 52.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 270.50 426.50 52.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 270.50 412.50 52.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 270.50 398.50 52.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 270.50 384.50 52.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 270.50 370.50 52.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 270.50 356.50 52.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 440.5 m 322.5 440.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 440.5 m 382.5 440.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 440.5 m 442.5 440.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 440.5 m 502.5 440.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 440.5 m 562.5 440.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 412.5 m 322.5 412.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 412.5 m 382.5 412.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 412.5 m 442.5 412.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 399.5 m 322.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 397.5 m 322.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 399.5 m 382.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 397.5 m 382.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 399.5 m 442.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 397.5 m 442.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 357.5 m 322.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 355.5 m 322.5 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 357.5 m 382.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 355.5 m 382.5 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 357.5 m 442.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 355.5 m 442.5 355.5 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 444.95 Td (\(Dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 285.75 452.95 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 286.50 444.95 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 345.75 452.95 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.50 444.95 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.75 452.95 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.50 444.95 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.75 452.95 Td (2018-2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.85 444.95 Td (% Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.75 452.95 Td (2017-2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.85 444.95 Td (% Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 431.20 Td (Product revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 273.00 431.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 299.45 431.20 Td (854) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 333.00 431.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.45 431.20 Td (789) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.00 431.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.45 431.20 Td (709) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.00 431.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.00 431.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 417.20 Td (Service and other revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 291.95 417.20 Td (2,140) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 351.95 417.20 Td (1,750) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.95 417.20 Td (1,512) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.00 417.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.00 417.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 403.20 Td (Total segment revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 273.00 403.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 291.95 403.20 Td (2,994) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 333.00 403.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 351.95 403.20 Td (2,539) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.00 403.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.95 403.20 Td (2,221) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.45 403.20 Td (18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.50 403.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 403.20 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 403.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 389.20 Td (% of total revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 304.45 389.20 Td (50) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 314.50 389.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 364.45 389.20 Td (49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.50 389.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.45 389.20 Td (47) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.50 389.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 361.20 Td (Segment operating income) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 273.00 361.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 291.95 361.20 Td (1,257) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 333.00 361.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 351.95 361.20 Td (1,072) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.00 361.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.45 361.20 Td (879) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.45 361.20 Td (17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.50 361.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 361.20 Td (22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 361.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 347.20 Td (% of related revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 304.45 347.20 Td (42) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 314.50 347.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 364.45 347.20 Td (42) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.50 347.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.45 347.20 Td (40) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.50 347.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.00 347.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.00 347.20 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 1 J 1 j 3 M 50 317.75 m 77.4091796875 317.75 l s q 0 0 0 rg BT 50.00 319.00 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 1 J 1 j 3 M 77.4091796875 317.75 m 99.6494140625 317.75 l s q 0 0 0 rg BT 77.41 319.00 Td (2018) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 1 J 1 j 3 M 99.6494140625 317.75 m 202.09765625 317.75 l s q 0 0 0 rg BT 99.65 319.00 Td ( Compared with Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 1 J 1 j 3 M 202.09765625 317.75 m 224.337890625 317.75 l s q 0 0 0 rg BT 202.10 319.00 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 224.34 319.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 296.20 Td (Revenue for our Small Business & Self-Employed segment increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.30 296.20 Td ($455 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.47 296.20 Td ( or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.99 296.20 Td (18%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.50 296.20 Td ( in fiscal 2018 compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 285.40 Td (2017. The increase was primarily due to growth in Online Ecosystem revenue.) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 265.60 Td (Online Ecosystem) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 251.80 Td (Online Ecosystem revenue increased $340 million or 40% in fiscal 2018 compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.52 251.80 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.53 251.80 Td (. The revenue growth was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 241.00 Td (driven by customer acquisition. At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 190.40 241.00 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 243.77 241.00 Td ( QuickBooks Online subscribers were 3.4 million, up 43% compared to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.58 241.00 Td (July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 230.20 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 230.20 Td (. Online Services revenue increased 24% due to customer growth in online payroll and payments.) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 210.40 Td (Desktop Ecosystem) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 193.60 Td (Desktop Ecosystem revenue increased $115 million or 7% in fiscal 2018 compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.69 193.60 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.71 193.60 Td (, driven by growth in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 182.80 Td (QuickBooks Enterprise subscribers and average revenue per customer. QuickBooks Desktop units declined 15%.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 163.00 Td (Small Business & Self-Employed segment operating income increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.11 163.00 Td (17%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 351.62 163.00 Td ( in fiscal 2018 compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.34 163.00 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.35 163.00 Td ( due to the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 152.20 Td (higher revenue described above which was partially offset by higher expenses for staffing, advertising, and other marketing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 141.40 Td (programs.) Tj ET Q /GS0 gs q 113.32 0 0 36.00 430.80 710.04 cm /I24 Do Q endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (39 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 1 J 1 j 3 M 50 740.2 m 77.4091796875 740.2 l s q 0 0 0 rg BT 50.00 741.45 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 1 J 1 j 3 M 77.4091796875 740.2 m 99.6494140625 740.2 l s q 0 0 0 rg BT 77.41 741.45 Td (2017) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 1 J 1 j 3 M 99.6494140625 740.2 m 202.09765625 740.2 l s q 0 0 0 rg BT 99.65 741.45 Td ( Compared with Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 1 J 1 j 3 M 202.09765625 740.2 m 224.337890625 740.2 l s q 0 0 0 rg BT 202.10 741.45 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 224.34 741.45 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 721.65 Td (Revenue for our Small Business & Self-Employed segment increased $318 million or 14% in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.16 721.65 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.18 721.65 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 710.85 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 710.85 Td (. The increase was primarily due to growth in Online Ecosystem revenue.) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 691.05 Td (Online Ecosystem) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 674.25 Td (Online Ecosystem revenue increased $196 million or 30% in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 315.46 674.25 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.48 674.25 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.52 674.25 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.53 674.25 Td (. The revenue growth was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 663.45 Td (driven by customer acquisition. At July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.75 663.45 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 243.77 663.45 Td ( QuickBooks Online subscribers were 2.4 million, up 58% compared to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.58 663.45 Td (July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 652.65 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 652.65 Td (. Online Services revenue increased 17% due to customer growth in online payroll and payments.) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 632.85 Td (Desktop Ecosystem) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 616.05 Td (Desktop Ecosystem revenue increased $122 million or 8% in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.64 616.05 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.66 616.05 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.69 616.05 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.71 616.05 Td (. In fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.06 616.05 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.07 616.05 Td (, revenue from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 605.25 Td (our QuickBooks Desktop software products and QuickBooks Desktop subscriptions increased 32% due to the impact of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 594.45 Td (changes to our QuickBooks Desktop software products described in Financial Overview above, and to growth in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 583.65 Td (QuickBooks Enterprise subscribers and average revenue per customer. QuickBooks Desktop units declined ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.74 583.65 Td (8%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.24 583.65 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 563.85 Td (Small Business & Self-Employed segment operating income increased 22% in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.28 563.85 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.30 563.85 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.34 563.85 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.35 563.85 Td ( due to the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 553.05 Td (higher revenue described above which was partially offset by higher expenses for staffing, advertising and other marketing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 542.25 Td (programs, and outside services.) 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Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 594.20 Td (Consumer segment service and other revenue is derived ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 583.40 Td (primarily from TurboTax Online tax return preparation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 572.60 Td (services and electronic tax filing services, and also from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 561.80 Td (our Mint and Turbo offerings.) 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d 0 J 0 j 3 M 334.5 357.5 m 385.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 355.5 m 385.5 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 357.5 m 444.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 355.5 m 444.5 355.5 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 444.95 Td (\(Dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 290.25 452.95 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 291.00 444.95 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 349.25 452.95 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.00 444.95 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.25 452.95 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.00 444.95 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.25 452.95 Td (2018-2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.35 444.95 Td (% Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.25 452.95 Td (2017-2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.35 444.95 Td (% Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 431.20 Td (Product revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 278.00 431.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 303.45 431.20 Td (237) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 337.00 431.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.45 431.20 Td (225) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 431.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.45 431.20 Td (226) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.00 431.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 431.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 417.20 Td (Service and other revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 295.95 417.20 Td (2,280) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 354.95 417.20 Td (1,976) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.95 417.20 Td (1,819) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.00 417.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 417.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 403.20 Td (Total segment revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 278.00 403.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 295.95 403.20 Td (2,517) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 337.00 403.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 403.20 Td (2,201) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 403.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.95 403.20 Td (2,045) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.45 403.20 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 495.50 403.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.45 403.20 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 403.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 389.20 Td (% of total revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 308.45 389.20 Td (42) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 318.50 389.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 367.45 389.20 Td (43) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 377.50 389.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.45 389.20 Td (44) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.50 389.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 361.20 Td (Segment operating income) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 278.00 361.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 295.95 361.20 Td (1,596) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 337.00 361.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 361.20 Td (1,395) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 361.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.95 361.20 Td (1,304) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.45 361.20 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 495.50 361.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.45 361.20 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 361.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 347.20 Td (% of related revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 308.45 347.20 Td (63) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 318.50 347.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 367.45 347.20 Td (63) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 377.50 347.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.45 347.20 Td (64) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.50 347.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.00 347.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 347.20 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 50 319.075 m 74.6689453125 319.075 l s q 0 0 0 rg BT 50.00 320.20 Td (Fiscal ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 74.6689453125 319.075 m 94.6845703125 319.075 l s q 0 0 0 rg BT 74.67 320.20 Td (2018) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 94.6845703125 319.075 m 186.88916015625 319.075 l s q 0 0 0 rg BT 94.68 320.20 Td ( Compared with Fiscal ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 186.88916015625 319.075 m 206.90478515625 319.075 l s q 0 0 0 rg BT 186.89 320.20 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 206.90 320.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 300.40 Td (Revenue for our Consumer segment increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.80 300.40 Td ($316) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 259.81 300.40 Td (million or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.49 300.40 Td (14%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.00 300.40 Td ( in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.67 300.40 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.68 300.40 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.72 300.40 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.74 300.40 Td ( due to a higher ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 289.60 Td (average revenue per customer, a 4% growth in TurboTax federal units, and a shift in mix to our higher end product offerings.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 272.80 Td (Consumer segment operating income increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 246.61 272.80 Td (14%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 264.12 272.80 Td ( in fiscal 2018 compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.84 272.80 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.85 272.80 Td ( due to the higher revenue ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 262.00 Td (described above which was partially offset by higher expenses including staffing, advertising, and other marketing programs.) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 50 238.07500000000005 m 74.6689453125 238.07500000000005 l s q 0 0 0 rg BT 50.00 239.20 Td (Fiscal ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 74.6689453125 238.07500000000005 m 94.6845703125 238.07500000000005 l s q 0 0 0 rg BT 74.67 239.20 Td (2017) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 94.6845703125 238.07500000000005 m 186.88916015625 238.07500000000005 l s q 0 0 0 rg BT 94.68 239.20 Td ( Compared with Fiscal ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 186.88916015625 238.07500000000005 m 206.90478515625 238.07500000000005 l s q 0 0 0 rg BT 186.89 239.20 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 206.90 239.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 219.40 Td (Revenue for our Consumer segment increased $156million or 8% in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.66 219.40 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.68 219.40 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.72 219.40 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.73 219.40 Td ( due to 2% growth ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 208.60 Td (in TurboTax federal units and a shift in mix to the higher end of our product lineup.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 191.80 Td (Consumer segment operating income increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 246.61 191.80 Td (7%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 259.11 191.80 Td ( in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 293.78 191.80 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.80 191.80 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.83 191.80 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.85 191.80 Td ( due to the higher revenue ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 181.00 Td (described above which was partially offset by higher expenses for advertising and other marketing programs and staffing.) 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Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 587.00 Td (Strategic Partner segment service and other revenue is ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 576.20 Td (derived primarily from ProConnect Tax Online tax return ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 565.40 Td (preparation, bank products, and related services that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 554.60 Td (complement the tax return preparation process.) 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d 0 J 0 j 3 M 452.5 440.5 m 503.5 440.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 440.5 m 562.5 440.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 412.5 m 326.5 412.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 412.5 m 385.5 412.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 412.5 m 444.5 412.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 399.5 m 326.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 397.5 m 326.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 399.5 m 385.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 397.5 m 385.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 399.5 m 444.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 397.5 m 444.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 357.5 m 326.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 355.5 m 326.5 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 357.5 m 385.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 355.5 m 385.5 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 357.5 m 444.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 355.5 m 444.5 355.5 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 444.95 Td (\(Dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 290.25 452.95 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 291.00 444.95 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 349.25 452.95 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.00 444.95 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.25 452.95 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.00 444.95 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.25 452.95 Td (2018-2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.35 444.95 Td (% Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.25 452.95 Td (2017-2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.35 444.95 Td (% Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 431.20 Td (Product revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 278.00 431.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 303.45 431.20 Td (371) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 337.00 431.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.45 431.20 Td (362) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 431.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.45 431.20 Td (354) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.00 431.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 431.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 417.20 Td (Service and other revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 308.45 417.20 Td (82) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 367.45 417.20 Td (75) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.45 417.20 Td (74) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.00 417.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 417.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 403.20 Td (Total segment revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 278.00 403.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 303.45 403.20 Td (453) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 337.00 403.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.45 403.20 Td (437) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 403.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.45 403.20 Td (428) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.45 403.20 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 495.50 403.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.95 403.20 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.00 403.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 389.20 Td (% of total revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 313.45 389.20 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 318.50 389.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 372.45 389.20 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 377.50 389.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.45 389.20 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.50 389.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 361.20 Td (Segment operating income) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 278.00 361.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 303.45 361.20 Td (281) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 337.00 361.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.45 361.20 Td (263) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 361.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.45 361.20 Td (268) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.45 361.20 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 495.50 361.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 361.20 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.00 361.20 Td (%\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 347.20 Td (% of related revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 308.45 347.20 Td (62) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 318.50 347.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 367.45 347.20 Td (60) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 377.50 347.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.45 347.20 Td (63) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.50 347.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.00 347.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 347.20 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 50 319.075 m 74.6689453125 319.075 l s q 0 0 0 rg BT 50.00 320.20 Td (Fiscal ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 74.6689453125 319.075 m 94.6845703125 319.075 l s q 0 0 0 rg BT 74.67 320.20 Td (2018) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 94.6845703125 319.075 m 186.88916015625 319.075 l s q 0 0 0 rg BT 94.68 320.20 Td ( Compared with Fiscal ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 186.88916015625 319.075 m 206.90478515625 319.075 l s q 0 0 0 rg BT 186.89 320.20 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 206.90 320.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 303.40 Td (Revenue for our Strategic Partner segment increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 266.64 303.40 Td ($16 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 310.81 303.40 Td ( or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.33 303.40 Td (4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.83 303.40 Td ( in fiscal 2018 compared with fiscal 2017 primarily due ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 292.60 Td (to a higher average revenue per customer.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 275.80 Td (Strategic Partner segment operating income increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 273.45 275.80 Td (6%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.95 275.80 Td ( in fiscal 2018 primarily due to the higher revenue described above ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 265.00 Td (and relatively stable spending.) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 50 241.07500000000005 m 74.6689453125 241.07500000000005 l s q 0 0 0 rg BT 50.00 242.20 Td (Fiscal ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 74.6689453125 241.07500000000005 m 94.6845703125 241.07500000000005 l s q 0 0 0 rg BT 74.67 242.20 Td (2017) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 94.6845703125 241.07500000000005 m 186.88916015625 241.07500000000005 l s q 0 0 0 rg BT 94.68 242.20 Td ( Compared with Fiscal ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 186.88916015625 241.07500000000005 m 206.90478515625 241.07500000000005 l s q 0 0 0 rg BT 186.89 242.20 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 206.90 242.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 222.40 Td (Revenue for our Strategic Partner segment increased $9 million or 2% in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.49 222.40 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.51 222.40 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.55 222.40 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.56 222.40 Td (. During fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 211.60 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 211.60 Td ( we made a strategic decision to focus less on price increases and more on customer retention by delivering awesome ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 200.80 Td (products and a valuable end to end experience. This resulted in slower revenue growth in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.20 200.80 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.21 200.80 Td ( than we have ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 190.00 Td (experienced historically.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 173.20 Td (Strategic Partner segment operating income decreased 2% in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.96 173.20 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.97 173.20 Td ( compared with fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.01 173.20 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.03 173.20 Td ( due to higher staffing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 162.40 Td (expenses which more than offset the higher revenue described above.) Tj ET Q /GS0 gs q 113.76 0 0 36.00 430.60 710.04 cm /I28 Do Q endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (42 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 748.50 202.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 252.50 748.50 45.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 297.50 748.50 8.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 305.50 748.50 45.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 350.50 748.50 8.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 358.50 748.50 45.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 403.50 748.50 8.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 411.50 748.50 45.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 456.50 748.50 8.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 464.50 748.50 45.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 509.50 748.50 8.00 -16.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 517.50 748.50 45.00 -16.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 252.50 726.50 45.00 -29.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 297.50 726.50 8.00 -29.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 305.50 726.50 45.00 -29.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 252.50 697.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 297.50 697.50 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 305.50 697.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 252.50 682.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 297.50 682.50 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 305.50 682.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 252.50 667.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 297.50 667.50 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 305.50 667.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 252.50 652.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 297.50 652.50 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 305.50 652.50 45.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 697.5 m 297.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 697.5 m 350.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 697.5 m 403.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 697.5 m 456.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 697.5 m 509.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 697.5 m 562.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 652.5 m 297.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 652.5 m 403.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 652.5 m 509.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 638.5 m 297.5 638.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 636.5 m 297.5 636.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 638.5 m 403.5 638.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 636.5 m 403.5 636.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 638.5 m 509.5 638.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 636.5 m 509.5 636.5 l s BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 737.68 Td (Cost of Revenue) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 701.95 Td (\(Dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 264.25 709.95 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 265.00 701.95 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 318.80 717.95 Td (% of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 313.10 709.95 Td (Related) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 311.40 701.95 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 370.25 709.95 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 701.95 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.80 717.95 Td (% of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.10 709.95 Td (Related) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.40 701.95 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.25 709.95 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.00 701.95 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.80 717.95 Td (% of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.10 709.95 Td (Related) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.40 701.95 Td (Revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 687.20 Td (Cost of product revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 255.00 687.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 279.40 687.20 Td (112) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 337.45 687.20 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 342.50 687.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 361.00 687.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.40 687.20 Td (120) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 687.20 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.50 687.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.00 687.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.40 687.20 Td (131) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 687.20 Td (10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 687.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 672.20 Td (Cost of service and other revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 279.40 672.20 Td (850) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 332.45 672.20 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 342.50 672.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 385.40 672.20 Td (677) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.45 672.20 Td (18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.50 672.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.40 672.20 Td (599) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 672.20 Td (18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 672.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 657.20 Td (Amortization of acquired technology) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 284.40 657.20 Td (15) Tj ET Q BT /F3 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 333.95 664.00 13.00 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 333.95 657.20 Td (n/a) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 390.40 657.20 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.95 657.20 Td (n/a) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.40 657.20 Td (22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.95 657.20 Td (n/a) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 642.20 Td (Total cost of revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 255.00 642.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 279.40 642.20 Td (977) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 332.45 642.20 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 342.50 642.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 361.00 642.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.40 642.20 Td (809) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.45 642.20 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.50 642.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.00 642.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.40 642.20 Td (752) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 642.20 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 642.20 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 618.20 Td (Our cost of revenue has three components: \(1\)cost of product revenue, which includes the direct costs of manufacturing and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 607.40 Td (shipping or electronically downloading our desktop software products; \(2\)cost of service and other revenue, which reflects ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 596.60 Td (direct costs associated with providing services, including data center and support costs related to delivering online services; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 585.80 Td (and \(3\)amortization of acquired technology, which represents the cost of amortizing developed technologies that we have ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 575.00 Td (obtained through acquisitions over their useful lives.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 558.20 Td (Cost of product revenue as a percentage of product revenue was consistent across all periods presented. We expense costs of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 547.40 Td (product revenue as they are incurred for delivered software and we do not defer any of these costs when product revenue is ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 536.60 Td (deferred.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 511.10 218.00 -17.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 268.50 511.10 44.00 -17.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 312.50 511.10 6.00 -17.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 318.50 511.10 44.00 -17.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 362.50 511.10 6.00 -17.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 368.50 511.10 44.00 -17.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 412.50 511.10 6.00 -17.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 418.50 511.10 44.00 -17.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 462.50 511.10 6.00 -17.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 468.50 511.10 44.00 -17.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 512.50 511.10 6.00 -17.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 518.50 511.10 44.00 -17.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 268.50 488.10 44.00 -37.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 312.50 488.10 6.00 -37.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 318.50 488.10 44.00 -37.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 268.50 451.10 44.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 312.50 451.10 6.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 318.50 451.10 44.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 268.50 437.10 44.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 312.50 437.10 6.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 318.50 437.10 44.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 268.50 423.10 44.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 312.50 423.10 6.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 318.50 423.10 44.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 268.50 409.10 44.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 312.50 409.10 6.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 318.50 409.10 44.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 268.50 395.10 44.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 312.50 395.10 6.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 318.50 395.10 44.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 451.1 m 312.5 451.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 451.1 m 362.5 451.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 451.1 m 412.5 451.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 451.1 m 462.5 451.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 451.1 m 512.5 451.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 451.1 m 562.5 451.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 395.1 m 312.5 395.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 381.1 m 312.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 379.1 m 312.5 379.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 395.1 m 362.5 395.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 381.1 m 362.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 379.1 m 362.5 379.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 395.1 m 412.5 395.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 381.1 m 412.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 379.1 m 412.5 379.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 395.1 m 462.5 395.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 381.1 m 462.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 379.1 m 462.5 379.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 395.1 m 512.5 395.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 381.1 m 512.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 379.1 m 512.5 379.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 395.1 m 562.5 395.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 381.1 m 562.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 379.1 m 562.5 379.1 l s BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 499.28 Td (Operating Expenses) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 455.55 Td (\(Dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 279.75 463.55 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 280.50 455.55 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 331.30 479.55 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 330.95 471.55 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 332.95 463.55 Td (Net ) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 323.90 455.55 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 379.75 463.55 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 455.55 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.30 479.55 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.95 471.55 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.95 463.55 Td (Net ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.90 455.55 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.75 463.55 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.50 455.55 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.30 479.55 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.95 471.55 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.95 463.55 Td (Net ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.90 455.55 Td (Revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 441.80 Td (Selling and marketing) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 271.00 441.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 286.90 441.80 Td (1,634) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 344.45 441.80 Td (27) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 354.50 441.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 371.00 441.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.90 441.80 Td (1,420) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 441.80 Td (27) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.50 441.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.00 441.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.90 441.80 Td (1,289) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 441.80 Td (28) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 441.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 427.80 Td (Research and development) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 286.90 427.80 Td (1,186) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 344.45 427.80 Td (20) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 354.50 427.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 394.40 427.80 Td (998) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 427.80 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.50 427.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.40 427.80 Td (881) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 427.80 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 427.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 413.80 Td (General and administrative) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 294.40 413.80 Td (664) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 344.45 413.80 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 354.50 413.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 394.40 413.80 Td (553) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 413.80 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.50 413.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.40 413.80 Td (518) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 413.80 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 413.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 399.80 Td (Amortization of other acquired intangible assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 304.40 399.80 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 345.50 399.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 354.50 399.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 404.40 399.80 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.50 399.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.50 399.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.40 399.80 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.50 399.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 399.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 384.80 Td (Total operating expenses) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 271.00 384.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 286.90 384.80 Td (3,490) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 344.45 384.80 Td (58) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 354.50 384.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 371.00 384.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.90 384.80 Td (2,973) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 384.80 Td (57) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.50 384.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.00 384.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.90 384.80 Td (2,700) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.45 384.80 Td (58) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 384.80 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 354.80 Td (Fiscal ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 74.67 354.80 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 94.68 354.80 Td ( Compared with Fiscal ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 186.89 354.80 Td (2017) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 206.90 354.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 335.00 Td (Total operating expenses as a percentage of total net revenue increased slightly in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.35 335.00 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.37 335.00 Td ( compared to fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 506.92 335.00 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.93 335.00 Td (. Total ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 324.20 Td (net revenue increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 141.56 324.20 Td ($787) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 161.58 324.20 Td (million or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 204.26 324.20 Td (15%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 221.76 324.20 Td ( and total operating expenses increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.18 324.20 Td ($517 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.36 324.20 Td ( or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.88 324.20 Td (17%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.38 324.20 Td (. The increase in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 313.40 Td (operating expenses was primarily driven by $193 million for higher staffing expenses due to higher headcount, $127 million ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 302.60 Td (for advertising and other marketing programs, and $49million for outside services. General and administrative expenses in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 291.80 Td (fiscal 2018 period include a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 163.04 291.80 Td ($79 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 207.21 291.80 Td ( loss related to the sale of our data center in Quincy, Washington.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 269.00 Td (Fiscal ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 74.67 269.00 Td (2017) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 94.68 269.00 Td ( Compared with Fiscal ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 186.89 269.00 Td (2016) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 206.90 269.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 249.20 Td (Total operating expenses as a percentage of total net revenue decreased slightly in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.69 249.20 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.71 249.20 Td ( compared to fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.26 249.20 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.27 249.20 Td (. Total ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 238.40 Td (net revenue increased $483million or 10% and total operating expenses increased $273 million or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.88 238.40 Td (10%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.38 238.40 Td (. The increase in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 227.60 Td (operating expenses was primarily driven by $152 million for higher staffing expenses due to higher headcount, $85 million for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 216.80 Td (advertising and other marketing programs, and $48million for share-based compensation expenses. Share-based ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 206.00 Td (compensation expenses have been increasing over time because the total fair value of our share-based awards has generally ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 195.20 Td (been increasing.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 169.70 513.00 -16.00 re f /GS0 gs BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 158.88 Td (Non-Operating Income and Expenses) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 132.00 Td (Interest Expense) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 115.20 Td (Interest expense of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 130.06 115.20 Td ($20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 145.07 115.20 Td (million in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 208.90 115.20 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 228.92 115.20 Td ( consisted primarily of interest on our unsecured term loan and unsecured ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 104.40 Td (revolving credit facility. Interest expense of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 225.93 104.40 Td ($31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 240.94 104.40 Td (million in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 304.77 104.40 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.79 104.40 Td ( consisted primarily of interest on our senior notes, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 93.60 Td (unsecured term loan, and unsecured revolving credit facility. Interest expense of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.70 93.60 Td ($35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.71 93.60 Td ( million in fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.54 93.60 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.55 93.60 Td ( consisted primarily ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 82.85 Td (of interest on our senior notes, unsecured term loan, and unsecured revolving credit facilities. See Note 8 and Note 9 to the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 72.05 Td (financial statements in Item 8 of this Annual Report for more information.) Tj ET Q endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (43 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 740.70 Td (Interest and Other Income \(Expense\), Net) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 411.50 730.20 45.00 -21.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 411.50 709.20 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 411.50 694.20 45.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 411.50 680.20 45.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 411.50 666.20 45.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 709.2 m 456.5 709.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 709.2 m 509.5 709.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 709.2 m 562.5 709.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 666.2 m 456.5 666.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 666.2 m 509.5 666.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 666.2 m 562.5 666.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 652.2 m 456.5 652.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 650.2 m 456.5 650.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 652.2 m 509.5 652.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 650.2 m 509.5 650.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 652.2 m 562.5 652.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 650.2 m 562.5 650.2 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 713.65 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 423.25 721.65 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 424.00 713.65 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 476.25 721.65 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.00 713.65 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.25 721.65 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.00 713.65 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 698.90 Td (Interest income) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 414.00 698.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 443.40 698.90 Td (18) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 467.00 698.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.40 698.90 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.00 698.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.40 698.90 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 684.90 Td (Net gain on executive deferred compensation plan assets ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.13 684.90 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 448.40 684.90 Td (7) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 501.40 684.90 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.45 684.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 670.90 Td (Other) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 448.40 670.90 Td (1) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 493.90 670.90 Td (\(12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 506.45 670.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.90 670.90 Td (\(7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.45 670.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 655.90 Td (Total interest and other income \(expense\), net) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 414.00 655.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 443.40 655.90 Td (26) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 467.00 655.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.40 655.90 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.00 655.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.90 655.90 Td (\(4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.45 655.90 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 634.90 Td (\() Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 61.50 634.90 Td (1\) In accordance with authoritative guidance, we record gains and losses associated with executive deferred compensation plan assets in ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 625.30 Td (interest and other income and gains and losses associated with the related liabilities in operating expenses. The total amounts recorded in ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 615.70 Td (operating expenses for each period are approximately equal to the total amounts recorded in interest and other income in those periods.) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 587.50 Td (Income Taxes) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 50 566.575 m 121.5400390625 566.575 l s q 0 0 0 rg BT 50.00 567.70 Td (Effective Tax Rate) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 550.90 Td (The Tax Cuts and Jobs Act \(2017 Tax Act\) was enacted on December 22, 2017 and reduces the U.S. statutory federal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 540.10 Td (corporate tax rate from 35% to 21%. The effective date of the tax rate change was January 1, 2018. The change resulted in a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 529.30 Td (blended lower U.S. statutory federal rate of 26.9% for fiscal year 2018. As a result, we adjusted our annual effective tax rate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 518.50 Td (for the year ended July 31, 2018, as well as adjusted our U.S. net deferred tax asset balance at the lower rates.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 501.70 Td (Our effective tax rates for fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 178.74 501.70 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 198.76 501.70 Td (, fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.26 501.70 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 246.28 501.70 Td (, and fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.46 501.70 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 311.47 501.70 Td ( were approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.35 501.70 Td (19%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.86 501.70 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.86 501.70 Td (29%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.37 501.70 Td (, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.05 501.70 Td (33%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.55 501.70 Td (.Excluding the tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 490.90 Td (benefits related to share-based compensation, the reorganization of a subsidiary, and the charge related to the re-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (measurement of our deferred tax asset balances, our effective tax rate for fiscal 2018 was approximately 26% and did not ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 469.30 Td (differ significantly from the federal statutory rate of 26.9%. Excluding the share-based compensation tax benefits, our effective ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 458.50 Td (tax rate for fiscal 2017 was approximately 34% and did not differ significantly from the federal statutory rate of 35%.See Note ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 447.70 Td (10 to the financial statements in Item8 of this Annual Report for more information about our effective tax rates.) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 50 423.775 m 148.2158203125 423.775 l s q 0 0 0 rg BT 50.00 424.90 Td (Net Deferred Tax Assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 408.10 Td (At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.01 408.10 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.38 408.10 Td (, we had net deferred tax assets of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.80 408.10 Td ($80) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 272.81 408.10 Td (million which included a valuation allowance of $93 million for loss and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 397.30 Td (tax credit carryforwards related to state research and experimentation tax credits, foreign losses, and state operating and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 386.50 Td (capital losses. We recorded the valuation allowance to reflect uncertainties about whether we will be able to utilize some of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 375.70 Td (our deferred tax assets before they expire. While we believe our current valuation allowance is sufficient, we could in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 364.90 Td (future be required to increase the valuation allowance to take into account additional deferred tax assets that we may be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 354.10 Td (unable to realize. We assess the need for an adjustment to the valuation allowance on a quarterly basis. The assessment is ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 343.30 Td (based on our estimates of future sources of taxable income for the jurisdictions in which we operate and the periods over ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 332.50 Td (which our deferred tax assets will be realizable. See ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 265.08 332.50 Td (Critical Accounting Policies and Estimates) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.80 332.50 Td ( earlier in this Item 7 and Note ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 321.70 Td (10 to the financial statements in Item8 of this Annual Report for more information.) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 293.50 Td (Discontinued Operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 276.70 Td (In the third quarter of fiscal 2016 we sold our Demandforce, QuickBase, and Quicken businesses for $463 million in cash. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 265.90 Td (recorded a pre-tax gain of $354 million and a net gain of $173 million on the disposal of these three businesses in fiscal 2016. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 255.10 Td (We have reclassified our statements of operations for all periods presented to reflect these businesses as discontinued ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 244.30 Td (operations. See Note 7 to the financial statements in Item 8 of this Annual Report for a more complete description of these ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 233.50 Td (discontinued operations and the impact that they have had on our statements of operations for the fiscal periods presented.) Tj ET Q endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (44 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 748.50 513.00 -18.00 re f /GS0 gs BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 736.17 Td (LIQUIDITY AND CAPITAL RESOURCES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 711.50 513.00 -16.00 re f /GS0 gs BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 700.68 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 676.20 Td (At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.01 676.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.38 676.20 Td (, our cash, cash equivalents and investments totaled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.83 676.20 Td ($1.7 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.33 676.20 Td (, an increase of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.72 676.20 Td ($939) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.73 676.20 Td ( million from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 508.75 676.20 Td (July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 665.40 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 665.40 Td ( due to the factors described in ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 199.25 665.40 Td (Statements of Cash Flows) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.83 665.40 Td ( below. Our primary sources of liquidity have been cash from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 654.60 Td (operations, which entails the collection of accounts receivable for products and services, and borrowings under our credit ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 643.80 Td (facilities. In fiscal 2018 our U.S. statutory tax rate decreased from 35% to 26.9% as a result of the Tax Cuts and Jobs Act, which ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 633.00 Td (increased our cash from operations. Our primary uses of cash have been for research and development programs, selling and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 622.20 Td (marketing activities, capital projects, acquisitions of businesses, debt service costs and debt repayment, repurchases of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 611.40 Td (common stock under our stock repurchase programs, and the payment of cash dividends. As discussed in ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 478.10 611.40 Td (Executive ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 600.60 Td (Overview Industry Trends and Seasonality) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 229.44 600.60 Td ( earlier in this Item 7, our business is subject to significant seasonality. The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 589.80 Td (balance of our cash, cash equivalents and investments generally fluctuates with that seasonal pattern. We believe the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 579.00 Td (seasonality of our business is likely to continue in the future.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 562.20 Td (The following table summarizes selected measures of our liquidity and capital resources at the dates indicated:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 338.50 551.70 50.00 -21.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 338.50 530.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 338.50 516.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 338.50 502.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 338.50 488.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 338.50 474.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 338.50 460.70 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 530.7 m 388.5 530.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 530.7 m 446.5 530.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 530.7 m 504.5 530.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 530.7 m 562.5 530.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 530.7 m 388.5 530.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 530.7 m 446.5 530.7 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 535.15 Td (\(Dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 348.45 543.15 Td (July 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 353.50 535.15 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 406.45 543.15 Td (July 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.50 535.15 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.60 543.15 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.70 535.15 Td (Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.35 543.15 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.70 535.15 Td (Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 521.40 Td (Cash, cash equivalents and investments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 341.00 521.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 362.90 521.40 Td (1,716) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 399.00 521.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.40 521.40 Td (777) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 521.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.40 521.40 Td (939) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.95 521.40 Td (121) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 521.40 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 507.40 Td (Long-term investments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 375.40 507.40 Td (13) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 433.40 507.40 Td (31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.90 507.40 Td (\(18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.45 507.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.45 507.40 Td (\(58) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.00 507.40 Td (\)%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 493.40 Td (Short-term debt) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 375.40 493.40 Td (50) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 433.40 493.40 Td (50) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 492.45 493.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 493.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.50 493.40 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 479.40 Td (Long-term debt) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 370.40 479.40 Td (388) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 428.40 479.40 Td (438) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.90 479.40 Td (\(50) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.45 479.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.45 479.40 Td (\(11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.00 479.40 Td (\)%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 465.40 Td (Working capital \(deficit\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 370.40 465.40 Td (288) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 425.90 465.40 Td (\(529) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 465.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.40 465.40 Td (817) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.45 465.40 Td (\(154) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.00 465.40 Td (\)%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 451.40 Td (Ratio of current assets to current liabilities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 359.95 451.40 Td (1.1 : 1) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 417.95 451.40 Td (0.7 : 1) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 427.40 Td (We have historically generated significant cash from operations and we expect to continue to do so during fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 505.34 427.40 Td (2019) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.35 427.40 Td (. Our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 416.60 Td (cash, cash equivalents, and investments totaled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 243.93 416.60 Td ($1.7 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 288.44 416.60 Td ( at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.28 416.60 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.65 416.60 Td (, none of those funds were restricted, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 405.80 Td (approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 110.19 405.80 Td (87%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 127.70 405.80 Td ( of those funds were located in the U.S. Our unsecured revolving credit facility is available to us for general ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 395.00 Td (corporate purposes, including future acquisitions and share repurchases. At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 356.84 395.00 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.21 395.00 Td (, no amounts were outstanding under ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 384.20 Td (the revolving credit facility. See Note 8 to the financial statements in Item 8 of this Annual Report for more information. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 367.40 Td (We evaluate, on an ongoing basis, the merits of acquiring technology or businesses, or establishing strategic relationships with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 356.60 Td (and investing in other companies. Our strong liquidity profile enables us to respond nimbly to these kinds of opportunities. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 345.80 Td (Based on past performance and current expectations, we believe that our cash and cash equivalents, investments, and cash ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 335.00 Td (generated from operations will be sufficient to meet anticipated seasonal working capital needs, capital expenditure ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 324.20 Td (requirements, contractual obligations, commitments, debt service requirements, and other liquidity requirements associated ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 313.40 Td (with our operations for at least the next 12months. We expect to return excess cash generated by operations to our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 302.60 Td (stockholders through repurchases of our common stock and payment of cash dividends, after taking into account our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 291.80 Td (operating and strategic cash needs.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 275.30 513.00 -16.00 re f /GS0 gs BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 264.48 Td (Statements of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 240.00 Td (The following table summarizes selected items from our statements of cash flows for fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.85 240.00 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.86 240.00 Td (, fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 463.37 240.00 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.38 240.00 Td (, and fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.56 240.00 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 548.58 240.00 Td (. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 229.20 Td (See the financial statements in Item8 of this Annual Report for complete statements of cash flows for those periods.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.50 218.70 50.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.50 206.70 50.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.50 194.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.50 180.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.50 166.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.50 152.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.50 138.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.50 124.70 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 194.70000000000005 m 446.5 194.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 194.70000000000005 m 504.5 194.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 194.70000000000005 m 562.5 194.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 124.70000000000005 m 446.5 124.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 124.70000000000005 m 504.5 124.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 124.70000000000005 m 562.5 124.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 111.70000000000005 m 446.5 111.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 109.70000000000005 m 446.5 109.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 111.70000000000005 m 504.5 111.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 109.70000000000005 m 504.5 109.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 111.70000000000005 m 562.5 111.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 109.70000000000005 m 562.5 109.70000000000005 l s BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 410.75 210.15 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 468.75 210.15 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 210.15 Td (Fiscal) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 198.15 Td (\(Dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 411.50 198.15 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 469.50 198.15 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.50 198.15 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 185.40 Td (Net cash provided by \(used in\):) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 399.00 185.40 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 457.00 185.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.00 185.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 171.40 Td (Operating activities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 399.00 171.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 420.90 171.40 Td (2,112) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 457.00 171.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.90 171.40 Td (1,599) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.00 171.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.90 171.40 Td (1,460) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 157.40 Td (Investing activities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 425.90 157.40 Td (\(532) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 443.45 157.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 488.90 157.40 Td (\(85) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.45 157.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 157.40 Td (371) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 143.40 Td (Financing activities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 425.90 143.40 Td (\(634) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 443.45 143.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 476.40 143.40 Td (\(1,632) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.45 143.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.40 143.40 Td (\(1,999) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.45 143.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 129.40 Td (Effect of exchange rates on cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 430.90 129.40 Td (\(11) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 443.45 129.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 496.40 129.40 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.90 129.40 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.45 129.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 115.40 Td (Net increase \(decrease\)in cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 399.00 115.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 428.40 115.40 Td (935) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 457.00 115.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.90 115.40 Td (\(109) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.45 115.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.00 115.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.90 115.40 Td (\(170) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.45 115.40 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 91.40 Td (During fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 102.51 91.40 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 122.52 91.40 Td ( we generated ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 183.72 91.40 Td ($2.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 201.23 91.40 Td ( billion in cash from operations. We also received ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.42 91.40 Td ($800 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.60 91.40 Td ( from borrowings under ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 80.60 Td (our revolving credit facility, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 179.56 80.60 Td ($96 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.74 80.60 Td ( from the issuance of common stock under employee stock plans. During the same ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 69.80 Td (period we used ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.20 69.80 Td ($850 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 164.37 69.80 Td ( for the repayment of debt and amounts outstanding under our revolving credit facility, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.42 69.80 Td ($407 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 59.00 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.66 59.00 Td ( for the payment of cash dividends, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 221.58 59.00 Td ($272 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.75 59.00 Td ( for the repurchase of shares of our common stock under our stock ) Tj ET Q endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (45 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (repurchase programs, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 140.57 742.20 Td ($363 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 189.74 742.20 Td ( for the acquisitions of businesses net of cash acquired, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.22 742.20 Td ($124 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.40 742.20 Td ( for capital ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (expenditures.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 714.60 Td (During fiscal 2017 we generated $1.6 billion in cash from operations. We also received $190 million in cash from net sales of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 703.80 Td (investments, $150 million from borrowings under our revolving credit facility, and $73 million from the net issuance of common ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 693.00 Td (stock under employee stock plans. During the same period we used $662 million in cash for the repayment of debt and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 682.20 Td (amounts outstanding under our revolving credit facility, $839 million for the repurchase of shares of our common stock under ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 671.40 Td (our stock repurchase programs, $353 million for the payment of cash dividends, and $230 million for capital expenditures.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 654.60 Td (During fiscal 2016 we generated $1.5 billion in cash from operations. We also received $500 million in proceeds from our term ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 643.80 Td (loan, $463 million from the sales of our Demandforce, QuickBase, and Quicken businesses, $418 million from net sales of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 633.00 Td (investments, and $89 million in cash from the issuance of common stock under employee stock plans. During the same period ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 622.20 Td (we used $2.3 billion in cash for the repurchase of shares of our common stock under our stock repurchase programs, $318 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 611.40 Td (million for the payment of cash dividends, and $522 million for capital expenditures, including the purchase of certain ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 600.60 Td (previously leased facilities.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 584.10 513.00 -16.00 re f /GS0 gs BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 573.28 Td (Stock Repurchase Programs and Dividends on Common Stock) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 548.80 Td (As described in Note 11 to the financial statements in Item 8 of this Annual Report, during fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.51 548.80 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.52 548.80 Td (, fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.03 548.80 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.04 548.80 Td (, and fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 538.00 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 538.00 Td ( we continued to repurchase shares of our common stock under a series of repurchase programs that our Board of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 527.20 Td (Directors has authorized. At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 165.24 527.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 218.60 527.20 Td (, we had authorization from our Board of Directors to expend up to an additional ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 516.40 Td ($1.2 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.51 516.40 Td (for stock repurchases. On ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 202.77 516.40 Td (August 21, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 269.14 516.40 Td ( our Board approved a new stock repurchase program under which we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 505.60 Td (are authorized to repurchase up to an additional ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.63 505.60 Td ($2 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.63 505.60 Td ( of our common stock, bringing the total authorization to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.47 505.60 Td ($3.2 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 494.80 Td (billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.49 494.80 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 478.00 Td (During fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 102.51 478.00 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 122.52 478.00 Td (, fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 150.03 478.00 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 170.04 478.00 Td (, and fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 215.22 478.00 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 235.24 478.00 Td ( we also continued to pay quarterly cash dividends on shares of our outstanding ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 467.20 Td (common stock. In August ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 155.25 467.20 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 175.27 467.20 Td ( our Board of Directors declared a quarterly cash dividend of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.60 467.20 Td ($0.47) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.12 467.20 Td ( per share of outstanding ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 456.40 Td (common stock payable on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 158.76 456.40 Td (October 18, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 230.31 456.40 Td ( to stockholders of records at the close of business on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.17 456.40 Td (October 10, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.72 456.40 Td (. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 445.60 Td (currently expect to continue paying comparable cash dividends on a quarterly basis; however, future declarations of dividends ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 434.80 Td (and the establishment of future record dates and payment dates are subject to the final determination of our Board of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 424.00 Td (Directors.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 407.50 513.00 -16.00 re f /GS0 gs BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 396.68 Td (Business Combinations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 370.40 Td (During fiscal 2018 we acquired all of the outstanding equity interests of TSheets.com LLC, Exactor, Inc., and Applatix, Inc. for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 359.60 Td (total combined cash and other consideration of approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 304.33 359.60 Td ($412 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.51 359.60 Td (. The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.19 359.60 Td ($412 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.36 359.60 Td ( included approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.23 359.60 Td ($27 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 348.80 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.66 348.80 Td ( for the fair value of equity awards and other cash consideration that is being charged to expense over the future ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 338.00 Td (service period of up to three years. These three businesses became part of our Small Business & Self-Employed segment and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 327.20 Td (will provide additional features to our QuickBooks offerings such as automated time tracking and scheduling and the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 316.40 Td (calculation and filing of sales and use taxes. We have included their results of operations in our consolidated results of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 305.60 Td (operations from the dates of acquisition. Their results of operations for all periods presented and periods prior to the dates of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 294.80 Td (acquisition were not material when compared with our consolidated results of operations. See Note 6 to the financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 284.00 Td (statements in Item 8 of this Annual Report for more information.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 267.50 513.00 -16.00 re f /GS0 gs BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 256.68 Td (Credit Facility) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 235.20 Td (On February 1, 2016 we entered into a master credit agreement with certain institutional lenders for a five-year credit facility ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 224.40 Td (in an aggregate principal amount of $1.5 billion. The master credit agreement includes a $500 million unsecured term loan and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 213.60 Td (a $1 billion unsecured revolving credit facility that will expire on February 1, 2021. Under the master credit agreement we may, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 202.80 Td (subject to certain customary conditions, on one or more occasions increase commitments under the revolving credit facility in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 192.00 Td (an amount not to exceed $250 million in the aggregate and may extend the maturity date up to two times. Advances under ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 181.20 Td (the revolving credit facility accrue interest at rates that are equal to, at our election, either Bank of America's alternate base ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 170.40 Td (rate plus a margin that ranges from 0.0% to 0.5% or the London Interbank Offered Rate \(LIBOR\) plus a margin that ranges ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 159.60 Td (from 0.9% to 1.5%. Actual margins under either election will be based on our senior debt credit ratings. At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.71 159.60 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.08 159.60 Td (, no ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 148.80 Td (amounts were outstanding under the revolving credit facility. We monitor counterparty risk associated with the institutional ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 138.00 Td (lenders that are providing the credit facility. We currently believe that the credit facility will be available to us should we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 127.20 Td (choose to borrow under it.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 110.40 Td (Under the master credit agreement, we borrowed $500 million in the form of an unsecured term loan on February 1, 2016. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 99.60 Td (may, subject to certain customary conditions, on one or more occasions increase commitments under the term loan in an ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 88.80 Td (amount not to exceed $500 million in the aggregate. The term loan accrues interest at rates that are equal to, at our election, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 78.00 Td (either Bank of America's alternate base rate plus a margin that ranges from 0.125% to 0.875% or LIBOR plus a margin that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 67.20 Td (ranges from 1.125% to 1.875%. Actual margins under either election will be based on our senior debt credit ratings. The term ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 56.40 Td (loan is subject to quarterly principal payments of 2.5% of the loan amount which began in July 2017, with the balance payable ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 45.60 Td (on February 1, 2021. At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 148.24 45.60 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 201.61 45.60 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 206.62 45.60 Td ($438 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 255.79 45.60 Td ( was outstanding under the term loan.) Tj ET Q endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (46 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (The master credit agreement includes customary affirmative and negative covenants, including financial covenants that require ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (us to maintain a ratio of total debt to annual earnings before interest, taxes, depreciation and amortization \(EBITDA\) of not ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (greater than 3.25 to 1.00 as of any date and a ratio of annual EBITDA to annual interest expense of not less than 3.00 to 1.00 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 709.80 Td (as of the last day of each fiscal quarter. We remained in compliance with these covenants at all times during the quarter ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 699.00 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.37 699.00 Td (.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 682.50 513.00 -16.00 re f /GS0 gs BT /F5 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 671.68 Td (Cash Held by Foreign Subsidiaries) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 647.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.44 647.20 Td (cash, ) Tj ET Q q 0 0 0 rg BT 91.56 647.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 112.17 647.20 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 160.78 647.20 Td (and ) Tj ET Q q 0 0 0 rg BT 178.72 647.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 229.67 647.20 Td (totaled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 261.45 647.20 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 281.73 647.20 Td (billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.22 647.20 Td ( ) Tj ET Q q 0 0 0 rg BT 308.99 647.20 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.59 647.20 Td (July31, ) Tj ET Q q 0 0 0 rg BT 353.21 647.20 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.23 647.20 Td (. ) Tj ET Q q 0 0 0 rg BT 378.49 647.20 Td (Approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.61 647.20 Td (13%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.12 647.20 Td ( ) Tj ET Q q 0 0 0 rg BT 460.88 647.20 Td (of ) Tj ET Q q 0 0 0 rg BT 471.83 647.20 Td (those ) Tj ET Q q 0 0 0 rg BT 496.95 647.20 Td (funds ) Tj ET Q q 0 0 0 rg BT 521.89 647.20 Td (were ) Tj ET Q q 0 0 0 rg BT 544.34 647.20 Td (held ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 636.40 Td (by ) Tj ET Q q 0 0 0 rg BT 62.30 636.40 Td (our ) Tj ET Q q 0 0 0 rg BT 78.29 636.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 109.61 636.40 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 158.91 636.40 Td (and ) Tj ET Q q 0 0 0 rg BT 176.55 636.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 208.02 636.40 Td (to ) Tj ET Q q 0 0 0 rg BT 219.01 636.40 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 268.50 636.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 283.30 636.40 Td (considerations. ) Tj ET Q q 0 0 0 rg BT 346.81 636.40 Td (These ) Tj ET Q q 0 0 0 rg BT 373.29 636.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 404.61 636.40 Td (funds ) Tj ET Q q 0 0 0 rg BT 429.26 636.40 Td (were ) Tj ET Q q 0 0 0 rg BT 451.41 636.40 Td (located ) Tj ET Q q 0 0 0 rg BT 484.06 636.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 521.52 636.40 Td (in ) Tj ET Q q 0 0 0 rg BT 531.15 636.40 Td (Canada ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 625.60 Td (and ) Tj ET Q q 0 0 0 rg BT 68.25 625.60 Td (India. ) Tj ET Q q 0 0 0 rg BT 93.49 625.60 Td (As ) Tj ET Q q 0 0 0 rg BT 106.73 625.60 Td (a ) Tj ET Q q 0 0 0 rg BT 114.48 625.60 Td (result ) Tj ET Q q 0 0 0 rg BT 139.72 625.60 Td (of ) Tj ET Q q 0 0 0 rg BT 150.98 625.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.22 625.60 Td (Tax ) Tj ET Q q 0 0 0 rg BT 183.63 625.60 Td (Cuts ) Tj ET Q q 0 0 0 rg BT 205.04 625.60 Td (and ) Tj ET Q q 0 0 0 rg BT 223.29 625.60 Td (Jobs ) Tj ET Q q 0 0 0 rg BT 245.38 625.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 262.29 625.60 Td (we ) Tj ET Q q 0 0 0 rg BT 277.04 625.60 Td (do ) Tj ET Q q 0 0 0 rg BT 290.95 625.60 Td (not ) Tj ET Q q 0 0 0 rg BT 307.54 625.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 338.13 625.60 Td (to ) Tj ET Q q 0 0 0 rg BT 349.71 625.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 367.29 625.60 Td (incremental ) Tj ET Q q 0 0 0 rg BT 417.55 625.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 436.96 625.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 461.21 625.60 Td (on ) Tj ET Q q 0 0 0 rg BT 474.63 625.60 Td (repatriation.We ) Tj ET Q q 0 0 0 rg BT 542.98 625.60 Td (have ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 614.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 89.92 614.80 Td (income ) Tj ET Q q 0 0 0 rg BT 122.67 614.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 138.23 614.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 175.30 614.80 Td (for ) Tj ET Q q 0 0 0 rg BT 189.87 614.80 Td (Canada ) Tj ET Q q 0 0 0 rg BT 223.94 614.80 Td (and ) Tj ET Q q 0 0 0 rg BT 242.34 614.80 Td (India ) Tj ET Q q 0 0 0 rg BT 265.23 614.80 Td (withholding ) Tj ET Q q 0 0 0 rg BT 316.13 614.80 Td (and ) Tj ET Q q 0 0 0 rg BT 334.52 614.80 Td (distribution ) Tj ET Q q 0 0 0 rg BT 383.91 614.80 Td (taxes ) Tj ET Q q 0 0 0 rg BT 408.31 614.80 Td (on ) Tj ET Q q 0 0 0 rg BT 421.88 614.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 459.45 614.80 Td (that ) Tj ET Q q 0 0 0 rg BT 478.68 614.80 Td (are ) Tj ET Q q 0 0 0 rg BT 494.58 614.80 Td (not ) Tj ET Q q 0 0 0 rg BT 511.32 614.80 Td (permanently ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 604.00 Td (reinvested. ) Tj ET Q q 0 0 0 rg BT 97.38 604.00 Td (In ) Tj ET Q q 0 0 0 rg BT 107.59 604.00 Td (the ) Tj ET Q q 0 0 0 rg BT 123.63 604.00 Td (event ) Tj ET Q q 0 0 0 rg BT 149.01 604.00 Td (that ) Tj ET Q q 0 0 0 rg BT 167.88 604.00 Td (funds ) Tj ET Q q 0 0 0 rg BT 192.92 604.00 Td (from ) Tj ET Q q 0 0 0 rg BT 214.64 604.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 246.35 604.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 292.42 604.00 Td (are ) Tj ET Q q 0 0 0 rg BT 307.96 604.00 Td (repatriated ) Tj ET Q q 0 0 0 rg BT 355.84 604.00 Td (to ) Tj ET Q q 0 0 0 rg BT 367.22 604.00 Td (the ) Tj ET Q q 0 0 0 rg BT 383.25 604.00 Td (United ) Tj ET Q q 0 0 0 rg BT 413.29 604.00 Td (States, ) Tj ET Q q 0 0 0 rg BT 443.50 604.00 Td (we ) Tj ET Q q 0 0 0 rg BT 458.03 604.00 Td (would ) Tj ET Q q 0 0 0 rg BT 485.58 604.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 502.95 604.00 Td (withholding ) Tj ET Q q 0 0 0 rg BT 553.48 604.00 Td (or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 593.20 Td (distribution ) Tj ET Q q 0 0 0 rg BT 98.67 593.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 122.35 593.20 Td (at ) Tj ET Q q 0 0 0 rg BT 132.69 593.20 Td (that ) Tj ET Q q 0 0 0 rg BT 151.20 593.20 Td (time. ) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 553.90 513.00 -18.00 re f /GS0 gs BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 541.57 Td (OFF-BALANCE SHEET ARRANGEMENTS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 516.60 Td (At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.01 516.60 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.38 516.60 Td (, we did not have any significant off-balance sheet arrangements, as defined in Item303\(a\)\(4\)\(ii\) of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 505.80 Td (RegulationS-K.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 486.30 513.00 -18.00 re f /GS0 gs BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 473.97 Td (CONTRACTUAL OBLIGATIONS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 452.00 Td (The following table summarizes our known contractual obligations to make future payments at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.71 452.00 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.08 452.00 Td (: ) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 394.50 271.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 321.50 394.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 366.50 394.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 370.50 394.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 415.50 394.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 419.50 394.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 464.50 394.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 468.50 394.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 513.50 394.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 517.50 394.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 379.50 271.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 321.50 379.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 366.50 379.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 370.50 379.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 415.50 379.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 419.50 379.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 464.50 379.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 468.50 379.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 513.50 379.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 517.50 379.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 364.50 271.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 321.50 364.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 366.50 364.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 370.50 364.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 415.50 364.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 419.50 364.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 464.50 364.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 468.50 364.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 513.50 364.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 517.50 364.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 349.50 271.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 321.50 349.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 366.50 349.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 370.50 349.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 415.50 349.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 419.50 349.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 464.50 349.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 468.50 349.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 513.50 349.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 517.50 349.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 334.50 271.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 321.50 334.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 366.50 334.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 370.50 334.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 415.50 334.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 419.50 334.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 464.50 334.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 468.50 334.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 513.50 334.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 517.50 334.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 319.50 271.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 321.50 319.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 366.50 319.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 370.50 319.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 415.50 319.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 419.50 319.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 464.50 319.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 468.50 319.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 513.50 319.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 517.50 319.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 304.50 271.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 321.50 304.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 366.50 304.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 370.50 304.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 415.50 304.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 419.50 304.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 464.50 304.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 468.50 304.50 45.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 513.50 304.50 4.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 517.50 304.50 45.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 428.5 m 366.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 428.5 m 370.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 428.5 m 415.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 428.5 m 419.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 428.5 m 464.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 428.5 m 468.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 428.5 m 513.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 428.5 m 517.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 428.5 m 562.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 394.5 m 366.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 394.5 m 415.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 394.5 m 464.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 394.5 m 513.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 394.5 m 562.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 304.5 m 366.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 304.5 m 415.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 304.5 m 464.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 304.5 m 513.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 304.5 m 562.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 290.5 m 366.5 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 288.5 m 366.5 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 290.5 m 415.5 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 288.5 m 415.5 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 290.5 m 464.5 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 288.5 m 464.5 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 290.5 m 513.5 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 288.5 m 513.5 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 290.5 m 562.5 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 288.5 m 562.5 288.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.35 432.95 Td (Payments Due by Period) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 411.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.05 411.95 Td (Less than) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.50 411.95 Td (1-3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.50 411.95 Td (3-5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.05 411.95 Td (More than) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.50 411.95 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 398.95 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.85 398.95 Td (1 year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.60 398.95 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.60 398.95 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.05 398.95 Td (5 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 398.95 Td (Total) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 384.20 Td (Amounts due under executive deferred compensation plan) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 324.00 384.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 353.40 384.20 Td (97) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 373.00 384.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 403.45 384.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 422.00 384.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 452.45 384.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 471.00 384.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 501.45 384.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 520.00 384.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 549.40 384.20 Td (97) Tj ET Q BT /F3 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 53.00 376.00 84.22 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 369.20 Td (Unsecured term loan) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 353.40 369.20 Td (50) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 397.40 369.20 Td (388) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 452.45 369.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 501.45 369.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 544.40 369.20 Td (438) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 354.20 Td (Interest and fees due on debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 353.40 354.20 Td (17) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 402.40 354.20 Td (24) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 452.45 354.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 501.45 354.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 549.40 354.20 Td (41) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 339.20 Td (License fee payable \(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 353.40 339.20 Td (10) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 403.45 339.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 452.45 339.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 501.45 339.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 549.40 339.20 Td (10) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 324.20 Td (Operating leases \(2\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 353.40 324.20 Td (66) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 397.40 324.20 Td (120) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 446.40 324.20 Td (100) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 495.40 324.20 Td (113) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 544.40 324.20 Td (399) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 309.20 Td (Purchase obligations \(3\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 348.40 309.20 Td (175) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 397.40 309.20 Td (246) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 451.40 309.20 Td (73) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 501.45 309.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 544.40 309.20 Td (494) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 59.00 294.20 Td (Total contractual obligations \(4\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 324.00 294.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 348.40 294.20 Td (415) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 373.00 294.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 397.40 294.20 Td (778) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 422.00 294.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 446.40 294.20 Td (173) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 471.00 294.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 495.40 294.20 Td (113) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 520.00 294.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 536.90 294.20 Td (1,479) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 265.40 Td (\(1\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 265.40 Td (In May2009 we entered into an agreement to license certain technology for $20million in cash and $100million ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 254.60 Td (payable over ten fiscal years. See Note 9 to the financial statements in Item8 of this Annual Report for more ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 243.80 Td (information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 230.00 Td (\(2\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 230.00 Td (Includes operating leases for facilities and equipment. Amounts do not include ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.15 230.00 Td ($73 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.32 230.00 Td ( of future sublease income. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 219.20 Td (We had no significant capital leases at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.13 219.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.50 219.20 Td (. See Note 9 to the financial statements in Item8 of this Annual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 208.40 Td (Report for more information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 194.60 Td (\(3\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 194.60 Td (Represents agreements to purchase products and services that are enforceable, legally binding and specify terms, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 183.80 Td (including: fixed or minimum quantities to be purchased; fixed, minimum or variable price provisions; and the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 173.00 Td (approximate timing of the payments.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 159.20 Td (\(4\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 159.20 Td (Other long-term obligations on our balance sheet at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.79 159.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.16 159.20 Td ( included long-term income tax liabilities of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.54 159.20 Td ($61 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 148.40 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 112.66 148.40 Td ( which related primarily to unrecognized tax benefits. We have not included this amount in the table above ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 137.60 Td (because we cannot make a reasonably reliable estimate regarding the timing of settlements with taxing authorities, if ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 126.80 Td (any.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 107.30 513.00 -18.00 re f /GS0 gs BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 94.97 Td (RECENT ACCOUNTING PRONOUNCEMENTS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 73.00 Td (For a description of recent accounting pronouncements and the potential impact of these pronouncements on our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 62.20 Td (consolidated financial statements, see Note 1 to the financial statements in Item8 of this Annual Report.) Tj ET Q endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (47 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 748.5 m 562.5 748.5 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 718.5 m 562.5 718.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 736.17 Td (ITEM 7A - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET) Tj ET Q BT /F2 13.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 116.00 723.17 Td (RISK) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 693.80 Td (Investment Portfolio and Interest Rate Risk) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 674.00 Td (We actively monitor market conditions and developments specific to the securities in which we invest. We believe that we take ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 663.20 Td (a conservative approach to investing our funds in that we invest only in highly-rated securities and diversify our portfolio of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 652.40 Td (investments. While we believe we take prudent measures to mitigate investment-related risks, such risks cannot be fully ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 641.60 Td (eliminated because of market circumstances that are outside our control.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 624.80 Td (Our investments consist of instruments that meet quality standards that are consistent with our investment policy. This policy ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 614.00 Td (specifies that, except for direct obligations of the United States government, securities issued by agencies of the United States ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 603.20 Td (government, and money market funds, we diversify our investments by limiting our holdings with any individual issuer. We do ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 592.40 Td (not hold derivative financial instruments or European sovereign debt in our portfolio of investments. See Note 2 and Note 3 to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 581.60 Td (the financial statements in Item 8 of this Annual Report for a summary of the amortized cost and fair value of our investments ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 570.80 Td (by type of issue.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 551.00 Td (Our cash equivalents and investments are subject to market risk due to changes in interest rates. Interest rate movements ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 540.20 Td (affect the interest income we earn on cash equivalents and investments and the value of those investments. At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.94 540.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.31 540.20 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 529.40 Td (our cash equivalents and investments totaled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 234.60 529.40 Td ($1.6 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 279.10 529.40 Td ( and had a weighted average pre-tax yield of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 463.19 529.40 Td (1.85%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.20 529.40 Td (. Total interest ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 517.40 Td (income for fiscal ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 118.37 517.40 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 140.61 517.40 Td ( was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 160.79 517.40 Td ($18 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 204.96 517.40 Td (. If the Federal Reserve Target Rate had increased by 25 basis points from the level of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 506.60 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.37 506.60 Td (, the value of our investments at that date would have decreased by approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.41 506.60 Td ($1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.42 506.60 Td ( million. If the Federal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 495.80 Td (Reserve Target Rate had increased by 100 basis points from the level of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.66 495.80 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.03 495.80 Td (, the value of our investments at that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 485.00 Td (date would have decreased by approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 236.43 485.00 Td ($4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 246.44 485.00 Td (million.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 468.20 Td (We are also exposed to the impact of changes in interest rates as they affect our $1billion unsecured revolving credit facility ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 457.40 Td (and $500 million unsecured term loan. Advances under the revolving credit facility accrue interest at rates that are equal to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 446.60 Td (Bank of Americas alternate base rate plus a margin that ranges from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 329.32 446.60 Td (0.0%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.33 446.60 Td ( to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.85 446.60 Td (0.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.85 446.60 Td ( or the London InterBank Offered Rate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 435.80 Td (\(LIBOR\)plus a margin that ranges from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 209.25 435.80 Td (0.9%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 229.26 435.80 Td ( to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.78 435.80 Td (1.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 262.79 435.80 Td (. The term loan accrues interest at rates that are equal to, at our election, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 425.00 Td (either Bank of America's alternate base rate plus a margin that ranges from 0.125% to 0.875% or LIBOR plus a margin that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 414.20 Td (ranges from 1.125% to 1.875%. Actual margins under all of these elections are based on our senior debt credit ratings. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 403.40 Td (Consequently, our interest expense fluctuates with changes in the general level of these interest rates. At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.40 403.40 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.77 403.40 Td ( no ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 392.60 Td (amounts were outstanding under the revolving credit facility and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.14 392.60 Td ($438 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.32 392.60 Td ( was outstanding under the term loan. See Note ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 381.80 Td (8 and Note 9 to the financial statements in Item8 of this Annual Report for more information.) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 356.60 Td (Impact of Foreign Currency Rate Changes) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 336.80 Td (The functional currencies of our international operating subsidiaries are generally the local currencies. We translate the assets ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 326.00 Td (and liabilities of our foreign subsidiaries at the exchange rates in effect on the balance sheet date. We translate their revenue, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 315.20 Td (costs and expenses at the average rates of exchange in effect during the period. We include translation gains and losses in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 304.40 Td (stockholders equity section of our balance sheets. We include net gains and losses resulting from foreign exchange ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 293.60 Td (transactions in interest and other income in our statements of operations.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 276.80 Td (Since we translate foreign currencies \(primarily Canadian dollars, Indian rupees, and British pounds\) into U.S. dollars for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 266.00 Td (financial reporting purposes, currency fluctuations can have an impact on our financial results. The historical impact of currency ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 255.20 Td (fluctuations on our financial results has generally been immaterial. We believe that our exposure to currency exchange ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 244.40 Td (fluctuation risk is not significant because our global subsidiaries invoice customers and satisfy their financial obligations almost ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 233.60 Td (exclusively in their local currencies. We believe the impact of currency fluctuations will continue to not be significant in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 222.80 Td (future due to the reasons cited above. However, the impact of currency fluctuations could be material in the future. As of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 212.00 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.37 212.00 Td (, we did not engage in foreign currency hedging activities.) Tj ET Q endstream endobj 99 0 obj <><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 100 0 R>> endobj 100 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (48 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 748.5 m 562.5 748.5 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 730.5 m 562.5 730.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 736.17 Td (ITEM 8 - FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 705.80 Td (1. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 86.00 705.80 Td (INDEX TO CONSOLIDATED FINANCIAL STATEMENTS) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 687.80 Td (The following financial statements are filed as part of this Report:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 652.3 m 562.5 652.3 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 656.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.05 656.75 Td (Page) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 53 640.87080078125 m 292.11083984375 640.87080078125 l s q 0 0 1 rg BT 53.00 642.00 Td (Reports of Independent Registered Public Accounting Firm) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 627.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.50 627.00 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 53 610.87080078125 m 461.60595703125 610.87080078125 l s q 0 0 1 rg BT 53.00 612.00 Td (Consolidated Statements of Operations for each of the three years in the period ended July31, 2018) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 53 580.87080078125 m 511.654296875 580.87080078125 l s q 0 0 1 rg BT 53.00 582.00 Td (Consolidated Statements of Comprehensive Income for each of the three years in the period ended July 31, 2018) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 567.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.50 567.00 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 53 550.87080078125 m 288.32080078125 550.87080078125 l s q 0 0 1 rg BT 53.00 552.00 Td (Consolidated Balance Sheets as of July31, 2018 and 2017) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 537.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.50 537.00 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 53 520.87080078125 m 499.126953125 520.87080078125 l s q 0 0 1 rg BT 53.00 522.00 Td (Consolidated Statements of Stockholders Equity for each of the three years in the period ended July31, 2018) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 507.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.50 507.00 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 53 490.87080078125 m 461.60595703125 490.87080078125 l s q 0 0 1 rg BT 53.00 492.00 Td (Consolidated Statements of Cash Flows for each of the three years in the period ended July31, 2018) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 477.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.50 477.00 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 53 460.87080078125 m 230.767578125 460.87080078125 l s q 0 0 1 rg BT 53.00 462.00 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 427.80 Td (2. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 86.00 427.80 Td (INDEX TO FINANCIAL STATEMENT SCHEDULES) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 409.80 Td (The following financial statement schedule is filed as part of this Report and should be read in conjunction with the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 399.00 Td (Consolidated Financial Statements:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 363.5 m 92.5 363.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 92.5 363.5 m 516.5 363.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 363.5 m 562.5 363.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 367.95 Td (Schedule) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.05 367.95 Td (Page) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 53 352.07080078125 m 60.181640625 352.07080078125 l s q 0 0 1 rg BT 53.00 353.20 Td (II) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 95 352.07080078125 m 233.572265625 352.07080078125 l s q 0 0 1 rg BT 95.00 353.20 Td (Valuation and Qualifying Accounts) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 316.44 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 82.00 317.20 Td (All other schedules not listed above have been omitted because they are inapplicable or are not required.) 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Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 688.20 Td (Opinion on the Financial Statements) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 666.60 Td (We ) Tj ET Q q 0 0 0 rg BT 65.73 666.60 Td (have ) Tj ET Q q 0 0 0 rg BT 87.23 666.60 Td (audited ) Tj ET Q q 0 0 0 rg BT 120.71 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 136.37 666.60 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 197.39 666.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 251.90 666.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 285.72 666.60 Td (sheets ) Tj ET Q q 0 0 0 rg BT 314.05 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 324.71 666.60 Td (Intuit ) Tj ET Q q 0 0 0 rg BT 348.04 666.60 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 364.70 666.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 382.86 666.60 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 426.71 666.60 Td (as ) Tj ET Q q 0 0 0 rg BT 437.69 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 448.35 666.60 Td (July ) Tj ET Q q 0 0 0 rg BT 466.68 666.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 481.67 666.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 504.16 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 521.82 666.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 546.82 666.60 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 655.80 Td (the ) Tj ET Q q 0 0 0 rg BT 65.81 655.80 Td (related ) Tj ET Q q 0 0 0 rg BT 96.96 655.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 151.63 655.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 198.78 655.80 Td (of ) Tj ET Q q 0 0 0 rg BT 209.60 655.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 257.94 655.80 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 321.78 655.80 Td (income, ) Tj ET Q q 0 0 0 rg BT 356.44 655.80 Td (stockholders' ) Tj ET Q q 0 0 0 rg BT 412.78 655.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 440.59 655.80 Td (and ) Tj ET Q q 0 0 0 rg BT 458.40 655.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 478.88 655.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 502.36 655.80 Td (for ) Tj ET Q q 0 0 0 rg BT 516.35 655.80 Td (each ) Tj ET Q q 0 0 0 rg BT 538.00 655.80 Td (of ) Tj ET Q q 0 0 0 rg BT 548.82 655.80 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 645.00 Td (three ) Tj ET Q q 0 0 0 rg BT 73.75 645.00 Td (years ) Tj ET Q q 0 0 0 rg BT 97.33 645.00 Td (in ) Tj ET Q q 0 0 0 rg BT 107.06 645.00 Td (the ) Tj ET Q q 0 0 0 rg BT 122.81 645.00 Td (period ) Tj ET Q q 0 0 0 rg BT 152.05 645.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 180.63 645.00 Td (July ) Tj ET Q q 0 0 0 rg BT 199.03 645.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 214.11 645.00 Td (2018, ) Tj ET Q q 0 0 0 rg BT 239.20 645.00 Td (and ) Tj ET Q q 0 0 0 rg BT 256.94 645.00 Td (the ) Tj ET Q q 0 0 0 rg BT 272.68 645.00 Td (related ) Tj ET Q q 0 0 0 rg BT 303.76 645.00 Td (notes ) Tj ET Q q 0 0 0 rg BT 328.68 645.00 Td (and ) Tj ET Q q 0 0 0 rg BT 346.42 645.00 Td (the ) Tj ET Q q 0 0 0 rg BT 362.16 645.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 397.73 645.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 440.99 645.00 Td (schedule ) Tj ET Q q 0 0 0 rg BT 479.40 645.00 Td (listed ) Tj ET Q q 0 0 0 rg BT 503.79 645.00 Td (in ) Tj ET Q q 0 0 0 rg BT 513.53 645.00 Td (the ) Tj ET Q q 0 0 0 rg BT 529.27 645.00 Td (Index ) Tj ET Q q 0 0 0 rg BT 554.18 645.00 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 634.20 Td (Item ) Tj ET Q q 0 0 0 rg BT 69.67 634.20 Td (15\(a\) ) Tj ET Q q 0 0 0 rg BT 90.85 634.20 Td (\(collectively ) Tj ET Q q 0 0 0 rg BT 139.36 634.20 Td (referred ) Tj ET Q q 0 0 0 rg BT 173.37 634.20 Td (to ) Tj ET Q q 0 0 0 rg BT 183.38 634.20 Td (as ) Tj ET Q q 0 0 0 rg BT 193.38 634.20 Td (the ) Tj ET Q q 0 0 0 rg BT 208.05 634.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 266.24 634.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 300.74 634.20 Td (statements\). ) Tj ET Q q 0 0 0 rg BT 356.43 634.20 Td (In ) Tj ET Q q 0 0 0 rg BT 365.26 634.20 Td (our ) Tj ET Q q 0 0 0 rg BT 380.27 634.20 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 414.79 634.20 Td (the ) Tj ET Q q 0 0 0 rg BT 429.46 634.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 482.98 634.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.47 634.20 Td (statements ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 623.40 Td (present ) Tj ET Q q 0 0 0 rg BT 83.71 623.40 Td (fairly, ) Tj ET Q q 0 0 0 rg BT 108.73 623.40 Td (in ) Tj ET Q q 0 0 0 rg BT 119.08 623.40 Td (all ) Tj ET Q q 0 0 0 rg BT 131.26 623.40 Td (material ) Tj ET Q q 0 0 0 rg BT 167.12 623.40 Td (respects, ) Tj ET Q q 0 0 0 rg BT 206.49 623.40 Td (the ) Tj ET Q q 0 0 0 rg BT 222.85 623.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 259.04 623.40 Td (position ) Tj ET Q q 0 0 0 rg BT 294.75 623.40 Td (of ) Tj ET Q q 0 0 0 rg BT 306.12 623.40 Td (the ) Tj ET Q q 0 0 0 rg BT 322.48 623.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 364.53 623.40 Td (at ) Tj ET Q q 0 0 0 rg BT 375.56 623.40 Td (July ) Tj ET Q q 0 0 0 rg BT 394.58 623.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 410.28 623.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 433.49 623.40 Td (and ) Tj ET Q q 0 0 0 rg BT 451.85 623.40 Td (2017, ) Tj ET Q q 0 0 0 rg BT 477.55 623.40 Td (and ) Tj ET Q q 0 0 0 rg BT 495.91 623.40 Td (the ) Tj ET Q q 0 0 0 rg BT 512.28 623.40 Td (results ) Tj ET Q q 0 0 0 rg BT 541.47 623.40 Td (of ) Tj ET Q q 0 0 0 rg BT 552.84 623.40 Td (its ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 612.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 96.25 612.60 Td (and ) Tj ET Q q 0 0 0 rg BT 114.47 612.60 Td (its ) Tj ET Q q 0 0 0 rg BT 126.68 612.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 147.58 612.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 171.47 612.60 Td (for ) Tj ET Q q 0 0 0 rg BT 185.87 612.60 Td (each ) Tj ET Q q 0 0 0 rg BT 207.94 612.60 Td (of ) Tj ET Q q 0 0 0 rg BT 219.17 612.60 Td (the ) Tj ET Q q 0 0 0 rg BT 235.39 612.60 Td (three ) Tj ET Q q 0 0 0 rg BT 259.63 612.60 Td (years ) Tj ET Q q 0 0 0 rg BT 283.69 612.60 Td (in ) Tj ET Q q 0 0 0 rg BT 293.91 612.60 Td (the ) Tj ET Q q 0 0 0 rg BT 310.13 612.60 Td (period ) Tj ET Q q 0 0 0 rg BT 339.86 612.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 368.92 612.60 Td (July ) Tj ET Q q 0 0 0 rg BT 387.80 612.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 403.36 612.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 428.93 612.60 Td (in ) Tj ET Q q 0 0 0 rg BT 439.14 612.60 Td (conformity ) Tj ET Q q 0 0 0 rg BT 485.56 612.60 Td (with ) Tj ET Q q 0 0 0 rg BT 505.61 612.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 525.01 612.60 Td (generally ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 601.80 Td (accepted ) Tj ET Q q 0 0 0 rg BT 90.02 601.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 137.06 601.80 Td (principles. ) Tj ET Q q 0 0 0 rg BT 180.89 601.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 580.20 Td (We ) Tj ET Q q 0 0 0 rg BT 66.52 580.20 Td (also ) Tj ET Q q 0 0 0 rg BT 85.81 580.20 Td (have ) Tj ET Q q 0 0 0 rg BT 108.10 580.20 Td (audited, ) Tj ET Q q 0 0 0 rg BT 144.88 580.20 Td (in ) Tj ET Q q 0 0 0 rg BT 155.32 580.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 204.81 580.20 Td (with ) Tj ET Q q 0 0 0 rg BT 225.09 580.20 Td (the ) Tj ET Q q 0 0 0 rg BT 241.54 580.20 Td (standards ) Tj ET Q q 0 0 0 rg BT 284.00 580.20 Td (of ) Tj ET Q q 0 0 0 rg BT 295.46 580.20 Td (the ) Tj ET Q q 0 0 0 rg BT 311.91 580.20 Td (Public ) Tj ET Q q 0 0 0 rg BT 339.68 580.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 381.82 580.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 431.29 580.20 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 474.25 580.20 Td (Board ) Tj ET Q q 0 0 0 rg BT 501.72 580.20 Td (\(United ) Tj ET Q q 0 0 0 rg BT 534.66 580.20 Td (States\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 569.40 Td (\(PCAOB\), ) Tj ET Q q 0 0 0 rg BT 91.71 569.40 Td (the ) Tj ET Q q 0 0 0 rg BT 107.91 569.40 Td (Companys ) Tj ET Q q 0 0 0 rg BT 155.47 569.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 188.83 569.40 Td (control ) Tj ET Q q 0 0 0 rg BT 220.22 569.40 Td (over ) Tj ET Q q 0 0 0 rg BT 241.10 569.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 277.13 569.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 318.01 569.40 Td (as ) Tj ET Q q 0 0 0 rg BT 329.53 569.40 Td (of ) Tj ET Q q 0 0 0 rg BT 340.74 569.40 Td (July ) Tj ET Q q 0 0 0 rg BT 359.60 569.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 375.13 569.40 Td (2018, ) Tj ET Q q 0 0 0 rg BT 400.68 569.40 Td (based ) Tj ET Q q 0 0 0 rg BT 428.21 569.40 Td (on ) Tj ET Q q 0 0 0 rg BT 441.58 569.40 Td (criteria ) Tj ET Q q 0 0 0 rg BT 472.44 569.40 Td (established ) Tj ET Q q 0 0 0 rg BT 521.30 569.40 Td (in ) Tj ET Q q 0 0 0 rg BT 531.49 569.40 Td (Internal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 558.60 Td (Control-Integrated ) Tj ET Q q 0 0 0 rg BT 130.16 558.60 Td (Framework ) Tj ET Q q 0 0 0 rg BT 179.63 558.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 209.24 558.60 Td (by ) Tj ET Q q 0 0 0 rg BT 223.35 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 240.80 558.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 290.59 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 303.05 558.60 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 353.18 558.60 Td (Organizations ) Tj ET Q q 0 0 0 rg BT 413.48 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 425.94 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.38 558.60 Td (Treadway ) Tj ET Q q 0 0 0 rg BT 485.85 558.60 Td (Commission ) Tj ET Q q 0 0 0 rg BT 539.48 558.60 Td (\(2013 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 547.80 Td (framework\), ) Tj ET Q q 0 0 0 rg BT 100.53 547.80 Td (and ) Tj ET Q q 0 0 0 rg BT 118.21 547.80 Td (our ) Tj ET Q q 0 0 0 rg BT 134.23 547.80 Td (report ) Tj ET Q q 0 0 0 rg BT 161.92 547.80 Td (dated ) Tj ET Q q 0 0 0 rg BT 188.27 547.80 Td (August ) Tj ET Q q 0 0 0 rg BT 219.61 547.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 234.62 547.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 257.14 547.80 Td (expressed ) Tj ET Q q 0 0 0 rg BT 300.83 547.80 Td (an ) Tj ET Q q 0 0 0 rg BT 313.00 547.80 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 360.51 547.80 Td (opinion ) Tj ET Q q 0 0 0 rg BT 393.53 547.80 Td (thereon.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 526.20 Td (Basis ) Tj ET Q q 0 0 0 rg BT 73.66 526.20 Td (for ) Tj ET Q q 0 0 0 rg BT 88.48 526.20 Td (Opinion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 504.60 Td (These ) Tj ET Q q 0 0 0 rg BT 76.63 504.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 112.24 504.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 159.38 504.60 Td (are ) Tj ET Q q 0 0 0 rg BT 174.67 504.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.46 504.60 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 246.25 504.60 Td (of ) Tj ET Q q 0 0 0 rg BT 257.05 504.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.84 504.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 320.65 504.60 Td (management. ) Tj ET Q q 0 0 0 rg BT 379.13 504.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 397.42 504.60 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 453.20 504.60 Td (is ) Tj ET Q q 0 0 0 rg BT 461.81 504.60 Td (to ) Tj ET Q q 0 0 0 rg BT 472.94 504.60 Td (express ) Tj ET Q q 0 0 0 rg BT 506.24 504.60 Td (an ) Tj ET Q q 0 0 0 rg BT 518.52 504.60 Td (opinion ) Tj ET Q q 0 0 0 rg BT 551.66 504.60 Td (on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 493.80 Td (the ) Tj ET Q q 0 0 0 rg BT 66.10 493.80 Td (Companys ) Tj ET Q q 0 0 0 rg BT 113.55 493.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 149.48 493.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 196.93 493.80 Td (based ) Tj ET Q q 0 0 0 rg BT 224.36 493.80 Td (on ) Tj ET Q q 0 0 0 rg BT 237.63 493.80 Td (our ) Tj ET Q q 0 0 0 rg BT 254.07 493.80 Td (audits. ) Tj ET Q q 0 0 0 rg BT 283.83 493.80 Td (We ) Tj ET Q q 0 0 0 rg BT 300.00 493.80 Td (are ) Tj ET Q q 0 0 0 rg BT 315.61 493.80 Td (a ) Tj ET Q q 0 0 0 rg BT 323.20 493.80 Td (public ) Tj ET Q q 0 0 0 rg BT 350.79 493.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 398.24 493.80 Td (firm ) Tj ET Q q 0 0 0 rg BT 417.00 493.80 Td (registered ) Tj ET Q q 0 0 0 rg BT 461.10 493.80 Td (with ) Tj ET Q q 0 0 0 rg BT 481.03 493.80 Td (the ) Tj ET Q q 0 0 0 rg BT 497.13 493.80 Td (PCAOB ) Tj ET Q q 0 0 0 rg BT 531.23 493.80 Td (and ) Tj ET Q q 0 0 0 rg BT 549.33 493.80 Td (are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 483.00 Td (required ) Tj ET Q q 0 0 0 rg BT 86.62 483.00 Td (to ) Tj ET Q q 0 0 0 rg BT 97.57 483.00 Td (be ) Tj ET Q q 0 0 0 rg BT 110.51 483.00 Td (independent ) Tj ET Q q 0 0 0 rg BT 164.79 483.00 Td (with ) Tj ET Q q 0 0 0 rg BT 184.23 483.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 216.52 483.00 Td (to ) Tj ET Q q 0 0 0 rg BT 227.47 483.00 Td (the ) Tj ET Q q 0 0 0 rg BT 243.08 483.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 284.38 483.00 Td (in ) Tj ET Q q 0 0 0 rg BT 293.98 483.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 342.63 483.00 Td (with ) Tj ET Q q 0 0 0 rg BT 362.06 483.00 Td (the ) Tj ET Q q 0 0 0 rg BT 377.68 483.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 396.46 483.00 Td (federal ) Tj ET Q q 0 0 0 rg BT 427.23 483.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 467.34 483.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 487.11 483.00 Td (and ) Tj ET Q q 0 0 0 rg BT 504.72 483.00 Td (the ) Tj ET Q q 0 0 0 rg BT 520.33 483.00 Td (applicable ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 472.20 Td (rules ) Tj ET Q q 0 0 0 rg BT 71.67 472.20 Td (and ) Tj ET Q q 0 0 0 rg BT 89.35 472.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 136.71 472.20 Td (of ) Tj ET Q q 0 0 0 rg BT 147.39 472.20 Td (the ) Tj ET Q q 0 0 0 rg BT 163.07 472.20 Td (Securities ) Tj ET Q q 0 0 0 rg BT 204.41 472.20 Td (and ) Tj ET Q q 0 0 0 rg BT 222.09 472.20 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 263.95 472.20 Td (Commission ) Tj ET Q q 0 0 0 rg BT 315.80 472.20 Td (and ) Tj ET Q q 0 0 0 rg BT 333.48 472.20 Td (the ) Tj ET Q q 0 0 0 rg BT 349.16 472.20 Td (PCAOB.) 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(audits ) Tj ET Q q 0 0 0 rg BT 243.82 385.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 277.18 385.80 Td (a ) Tj ET Q q 0 0 0 rg BT 284.35 385.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 331.05 385.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 353.55 385.80 Td (for ) Tj ET Q q 0 0 0 rg BT 367.40 385.80 Td (our ) Tj ET Q q 0 0 0 rg BT 383.42 385.80 Td (opinion.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 353.40 Td (/s/ Ernst & Young LLP) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 331.80 Td (We have served as the Companys auditor since 1990.) 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Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 180.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 169.80 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 63.00 169.80 Td (Ernst ) Tj ET Q q 0 0 0 rg BT 86.01 169.80 Td (& ) Tj ET Q q 0 0 0 rg BT 95.01 169.80 Td (Young ) Tj ET Q q 0 0 0 rg BT 122.71 169.80 Td (LLP ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 148.20 Td (San Jose, California ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 137.40 Td (August31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 116.37 137.40 Td ( ) Tj ET Q endstream endobj 105 0 obj <>] /Rotate 0 /Contents 106 0 R>> endobj 106 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 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0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 702.5 m 503.5 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 689.5 m 503.5 689.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 702.5 m 561.5 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 689.5 m 561.5 689.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 644.5 m 445.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 644.5 m 503.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 644.5 m 561.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 629.5 m 445.5 629.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 629.5 m 503.5 629.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 629.5 m 561.5 629.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 494.5 m 445.5 494.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 479.5 m 445.5 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 494.5 m 503.5 494.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 479.5 m 503.5 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 494.5 m 561.5 494.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 479.5 m 561.5 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 479.5 m 445.5 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 479.5 m 503.5 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 479.5 m 561.5 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 434.5 m 445.5 434.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 434.5 m 503.5 434.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 434.5 m 561.5 434.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 404.5 m 445.5 404.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 404.5 m 503.5 404.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 404.5 m 561.5 404.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 374.5 m 445.5 374.5 l s 0 0 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0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 300.5 m 503.5 300.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 298.5 m 503.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 300.5 m 561.5 300.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 298.5 m 561.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 298.5 m 445.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 300.5 m 445.5 300.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 285.5 m 445.5 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 283.5 m 445.5 283.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 298.5 m 503.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 300.5 m 503.5 300.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 285.5 m 503.5 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 283.5 m 503.5 283.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 298.5 m 561.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 300.5 m 561.5 300.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 285.5 m 561.5 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 283.5 m 561.5 283.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 239.5 m 445.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 239.5 m 503.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 239.5 m 561.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 225.5 m 445.5 225.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 223.5 m 445.5 223.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 225.5 m 503.5 225.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 223.5 m 503.5 223.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 225.5 m 561.5 225.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 223.5 m 561.5 223.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 223.5 m 445.5 223.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 225.5 m 445.5 225.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 210.5 m 445.5 210.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 208.5 m 445.5 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 223.5 m 503.5 223.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 225.5 m 503.5 225.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 210.5 m 503.5 210.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 208.5 m 503.5 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 223.5 m 561.5 223.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 225.5 m 561.5 225.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 210.5 m 561.5 210.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 208.5 m 561.5 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 180.5 m 445.5 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 178.5 m 445.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 180.5 m 503.5 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 178.5 m 503.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 180.5 m 561.5 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 178.5 m 561.5 178.5 l s BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 737.68 Td (INTUIT INC.) Tj ET Q BT /F3 11.00 Tf ET q 1 1 1 rg BT 53.00 726.68 Td (CONSOLIDATED STATEMENTS OF OPERATIONS) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 706.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.00 706.95 Td (Twelve Months Ended July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 693.95 Td (\(In millions, except per share amounts\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 410.50 693.95 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 468.50 693.95 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 693.95 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 679.20 Td (Net revenue:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.00 679.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 679.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 664.20 Td (Product) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 664.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 664.20 Td (1,462) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 664.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.90 664.20 Td (1,376) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 664.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.90 664.20 Td (1,289) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 649.20 Td (Service and other) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 649.20 Td (4,502) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 477.90 649.20 Td (3,801) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.90 649.20 Td (3,405) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 634.20 Td (Total net revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 634.20 Td (5,964) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 477.90 634.20 Td (5,177) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.90 634.20 Td (4,694) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 619.20 Td (Costs and expenses:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 619.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 619.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 619.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 604.20 Td (Cost of revenue:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 604.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 604.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 604.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 589.20 Td (Cost of product revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 589.20 Td (112) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.40 589.20 Td (120) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 589.20 Td (131) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 574.20 Td (Cost of service and other revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 574.20 Td (850) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.40 574.20 Td (677) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 574.20 Td (599) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 559.20 Td (Amortization of acquired technology) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 432.40 559.20 Td (15) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 490.40 559.20 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 548.40 559.20 Td (22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 544.20 Td (Selling and marketing) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 544.20 Td (1,634) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 477.90 544.20 Td (1,420) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.90 544.20 Td (1,289) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 529.20 Td (Research and development) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 529.20 Td (1,186) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.40 529.20 Td (998) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 529.20 Td (881) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 514.20 Td (General and administrative) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 514.20 Td (664) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.40 514.20 Td (553) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 514.20 Td (518) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 499.20 Td (Amortization of other acquired intangible assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 437.40 499.20 Td (6) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 495.40 499.20 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 548.40 499.20 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 484.20 Td (Total costs and expenses) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 484.20 Td (4,467) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 477.90 484.20 Td (3,782) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.90 484.20 Td (3,452) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 469.20 Td (Operating income from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 469.20 Td (1,497) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 477.90 469.20 Td (1,395) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.90 469.20 Td (1,242) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 454.20 Td (Interest expense) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 429.90 454.20 Td (\(20) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 442.45 454.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 487.90 454.20 Td (\(31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.45 454.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.90 454.20 Td (\(35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 454.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 439.20 Td (Interest and other income \(expense\), net) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 432.40 439.20 Td (26) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 495.40 439.20 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.90 439.20 Td (\(4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 439.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 424.20 Td (Income from continuing operations before income taxes) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 424.20 Td (1,503) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 477.90 424.20 Td (1,367) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.90 424.20 Td (1,203) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 409.20 Td (Income tax provision) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 409.20 Td (292) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.40 409.20 Td (396) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 409.20 Td (397) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 394.20 Td (Net income from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 394.20 Td (1,211) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.40 394.20 Td (971) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 394.20 Td (806) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 379.20 Td (Net income from discontinued operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 433.45 379.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 491.45 379.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 379.20 Td (173) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 364.20 Td (Net income) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 364.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 364.20 Td (1,211) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 364.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.40 364.20 Td (971) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 364.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 364.20 Td (979) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 334.20 Td (Basic net income per share from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 334.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 424.90 334.20 Td (4.72) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 334.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.90 334.20 Td (3.78) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 334.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 334.20 Td (3.08) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 319.20 Td (Basic net income per share from discontinued operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 433.45 319.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 491.45 319.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 319.20 Td (0.65) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 304.20 Td (Basic net income per share) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 304.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 424.90 304.20 Td (4.72) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 304.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.90 304.20 Td (3.78) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 304.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 304.20 Td (3.73) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 289.20 Td (Shares used in basic per share calculations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 289.20 Td (256) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.40 289.20 Td (257) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 289.20 Td (262) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 259.20 Td (Diluted net income per share from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 259.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 424.90 259.20 Td (4.64) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 259.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.90 259.20 Td (3.72) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 259.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 259.20 Td (3.04) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 244.20 Td (Diluted net income per share from discontinued operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 433.45 244.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 491.45 244.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 244.20 Td (0.65) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 229.20 Td (Diluted net income per share) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 229.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 424.90 229.20 Td (4.64) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 229.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.90 229.20 Td (3.72) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 229.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 229.20 Td (3.69) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 214.20 Td (Shares used in diluted per share calculations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 214.20 Td (261) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.40 214.20 Td (261) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 214.20 Td (265) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 184.20 Td (Cash dividends declared per common share) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 184.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 424.90 184.20 Td (1.56) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 184.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.90 184.20 Td (1.36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 184.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 184.20 Td (1.20) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 254.25 147.65 Td (See accompanying notes.) 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Tj ET Q BT /F3 11.00 Tf ET q 1 1 1 rg BT 53.00 726.68 Td (CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 706.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.50 706.95 Td (Twelve Months Ended July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 692.95 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 410.00 692.95 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 467.00 692.95 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 692.95 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 678.20 Td (Net income) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 678.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 418.90 678.20 Td (1,211) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.00 678.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.40 678.20 Td (971) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.00 678.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.40 678.20 Td (979) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 663.20 Td (Other comprehensive income \(loss\), net of income taxes:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 648.20 Td (Unrealized gain \(loss\) on available-for-sale debt securities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 433.90 648.20 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 441.45 648.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 490.90 648.20 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.45 648.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.40 648.20 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 633.20 Td (Foreign currency translation gain \(loss\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 428.90 633.20 Td (\(11) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 441.45 633.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 488.40 633.20 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.90 633.20 Td (\(3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.45 633.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 618.20 Td (Total other comprehensive income \(loss\), net) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 428.90 618.20 Td (\(13) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 441.45 618.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 488.40 618.20 Td (10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.90 618.20 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.45 618.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 603.20 Td (Comprehensive income) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 603.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 418.90 603.20 Td (1,198) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.00 603.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.40 603.20 Td (981) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.00 603.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.40 603.20 Td (977) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 254.25 566.60 Td (See accompanying notes.) 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Tj ET Q BT /F3 11.00 Tf ET q 1 1 1 rg BT 52.50 724.68 Td (CONSOLIDATED BALANCE SHEETS) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 52.50 704.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.95 704.95 Td (July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.50 692.95 Td (\(Dollars in millions, except par value; shares in thousands\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 465.00 692.95 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 523.00 692.95 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 233.55 679.20 Td (ASSETS) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 452.50 679.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 510.50 679.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 667.20 Td (Current assets:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 452.50 667.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 510.50 667.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 654.20 Td (Cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 452.50 654.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 474.40 654.20 Td (1,464) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 510.50 654.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.90 654.20 Td (529) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 641.20 Td (Investments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 481.90 641.20 Td (252) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 539.90 641.20 Td (248) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 628.20 Td (Accounts receivable, net of allowance for doubtful accounts of $5 and $46) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 486.90 628.20 Td (98) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 539.90 628.20 Td (103) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 615.20 Td (Income taxes receivable) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 486.90 615.20 Td (39) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 544.90 615.20 Td (63) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 602.20 Td (Prepaid expenses and other current assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 481.90 602.20 Td (184) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 539.90 602.20 Td (100) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 589.20 Td (Current assets before funds held for customers) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 474.40 589.20 Td (2,037) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 532.40 589.20 Td (1,043) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 576.20 Td (Funds held for customers) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 481.90 576.20 Td (367) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 539.90 576.20 Td (372) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 563.20 Td (Total current assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 474.40 563.20 Td (2,404) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 532.40 563.20 Td (1,415) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 550.20 Td (Long-term investments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 486.90 550.20 Td (13) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 544.90 550.20 Td (31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 537.20 Td (Property and equipment, net) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 481.90 537.20 Td (812) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 532.40 537.20 Td (1,030) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 524.20 Td (Goodwill) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 474.40 524.20 Td (1,611) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 532.40 524.20 Td (1,295) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 511.20 Td (Acquired intangible assets, net) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 486.90 511.20 Td (61) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 544.90 511.20 Td (22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 498.20 Td (Long-term deferred income taxes) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 486.90 498.20 Td (87) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 539.90 498.20 Td (132) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 485.20 Td (Other assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 481.90 485.20 Td (190) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 539.90 485.20 Td (143) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 472.20 Td (Total assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 452.50 472.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 474.40 472.20 Td (5,178) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 510.50 472.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.40 472.20 Td (4,068) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 160.15 459.20 Td (LIABILITIES AND STOCKHOLDERS EQUITY) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 452.50 459.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 510.50 459.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 447.20 Td (Current liabilities:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 452.50 447.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 510.50 447.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 434.20 Td (Short-term debt) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 452.50 434.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 486.90 434.20 Td (50) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 510.50 434.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.90 434.20 Td (50) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 421.20 Td (Accounts payable) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 481.90 421.20 Td (178) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 539.90 421.20 Td (157) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 408.20 Td (Accrued compensation and related liabilities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 481.90 408.20 Td (369) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 539.90 408.20 Td (300) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 395.20 Td (Deferred revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 481.90 395.20 Td (961) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 539.90 395.20 Td (887) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 382.20 Td (Other current liabilities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 481.90 382.20 Td (191) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 539.90 382.20 Td (178) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 369.20 Td (Current liabilities before customer fund deposits) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 474.40 369.20 Td (1,749) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 532.40 369.20 Td (1,572) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 356.20 Td (Customer fund deposits) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 481.90 356.20 Td (367) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 539.90 356.20 Td (372) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 343.20 Td (Total current liabilities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 474.40 343.20 Td (2,116) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 532.40 343.20 Td (1,944) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 330.20 Td (Long-term debt) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 481.90 330.20 Td (388) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 539.90 330.20 Td (438) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 317.20 Td (Long-term deferred revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 481.90 317.20 Td (197) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 539.90 317.20 Td (202) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 304.20 Td (Other long-term obligations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 481.90 304.20 Td (123) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 539.90 304.20 Td (130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 291.20 Td (Total liabilities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 474.40 291.20 Td (2,824) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 532.40 291.20 Td (2,714) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 278.20 Td (Commitments and contingencies) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 265.20 Td (Stockholders equity:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 452.50 265.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 510.50 265.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 252.20 Td (Preferred stock, $0.01 par value) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.50 243.20 Td ( Authorized - 1,345 shares total; 145 shares designated Series A;) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.00 234.20 Td ( 250 shares designated Series B Junior Participating) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.50 225.20 Td ( Issued and outstanding - None) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 487.95 225.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 545.95 225.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 211.20 Td (Common stock, $0.01 par value) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.50 202.20 Td ( Authorized - 750,000 shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.50 193.20 Td ( Outstanding - 258,616 shares at July 31, 2018 and 255,668 shares at July 31, 2017) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 491.90 193.20 Td (3) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 549.90 193.20 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 179.20 Td (Additional paid-in capital) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 474.40 179.20 Td (5,335) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 532.40 179.20 Td (4,854) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 166.20 Td (Treasury stock, at cost) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 466.90 166.20 Td (\(11,050) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 496.95 166.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 524.90 166.20 Td (\(10,778) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.95 166.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 153.20 Td (Accumulated other comprehensive loss) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 484.40 153.20 Td (\(35) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 496.95 153.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 542.40 153.20 Td (\(22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.95 153.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 140.20 Td (Retained earnings) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 474.40 140.20 Td (8,101) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 532.40 140.20 Td (7,297) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 127.20 Td (Total stockholders equity) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 474.40 127.20 Td (2,354) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 532.40 127.20 Td (1,354) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 114.20 Td (Total liabilities and stockholders equity) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 452.50 114.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 474.40 114.20 Td (5,178) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 510.50 114.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.40 114.20 Td (4,068) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 254.25 78.65 Td (See accompanying notes.) 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BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.25 661.95 Td (977) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 648.95 Td (Issuance of stock under employee stock plans,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 640.95 Td (net of shares withheld for employee taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.55 640.95 Td (4,963) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.60 640.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.70 640.95 Td (89) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.55 640.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.55 640.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.60 640.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 550.70 640.95 Td (89) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 627.95 Td (Stock repurchases under stock repurchase) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 619.95 Td (programs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.85 619.95 Td (\(24,816) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 275.60 619.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.60 619.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 347.55 619.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.30 619.95 Td (\(2,264) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.60 619.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.55 619.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.60 619.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.35 619.95 Td (\(2,264) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 559.60 619.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 606.95 Td (Dividends and dividend rights declared \($1.20 per) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 598.95 Td (share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 267.60 598.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.60 598.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 347.55 598.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.55 598.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.55 598.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.00 598.95 Td (\(319) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.60 598.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.00 598.95 Td (\(319) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 559.60 598.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 585.95 Td (Tax benefit from share-based compensation plans) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 267.60 585.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.60 585.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.70 585.95 Td (59) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.55 585.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.55 585.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.60 585.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 550.70 585.95 Td (59) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 572.95 Td (Share-based compensation expense) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 267.60 572.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.60 572.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.25 572.95 Td (287) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.55 572.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.55 572.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.60 572.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.25 572.95 Td (287) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 559.95 Td (Balance at July 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.80 559.95 Td (257,853) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.85 559.95 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.25 559.95 Td (4,442) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.90 559.95 Td (\(9,939) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.60 559.95 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.75 559.95 Td (\(32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.60 559.95 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.25 559.95 Td (6,687) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.25 559.95 Td (1,161) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 546.95 Td (Comprehensive income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 267.60 546.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.60 546.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 347.55 546.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.55 546.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.70 546.95 Td (10) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.25 546.95 Td (971) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.25 546.95 Td (981) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 533.95 Td (Issuance of stock under employee stock plans,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 525.95 Td (net of shares withheld for employee taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.55 525.95 Td (4,715) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.60 525.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.70 525.95 Td (73) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.55 525.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.55 525.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.60 525.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 550.70 525.95 Td (73) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 512.95 Td (Stock repurchases under stock repurchase) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 504.95 Td (programs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 253.35 504.95 Td (\(6,900) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 275.60 504.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.60 504.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 347.55 504.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.00 504.95 Td (\(839) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.60 504.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.55 504.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.60 504.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.00 504.95 Td (\(839) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 559.60 504.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 491.95 Td (Dividends and dividend rights declared \($1.36 per) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 483.95 Td (share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 267.60 483.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.60 483.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 347.55 483.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.55 483.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.55 483.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.00 483.95 Td (\(357) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.60 483.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.00 483.95 Td (\(357) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 559.60 483.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 470.95 Td (Cumulative effect of change in accounting) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 462.95 Td (principle) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 267.60 462.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.60 462.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.15 462.95 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.55 462.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.55 462.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.90 462.95 Td (\(4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.60 462.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.15 462.95 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 449.95 Td (Share-based compensation expense) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 267.60 449.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.60 449.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.25 449.95 Td (333) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.55 449.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.55 449.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.60 449.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.25 449.95 Td (333) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 436.95 Td (Balance at July 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.80 436.95 Td (255,668) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.85 436.95 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.25 436.95 Td (4,854) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.15 436.95 Td (\(10,778) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.60 436.95 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.75 436.95 Td (\(22) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.60 436.95 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.25 436.95 Td (7,297) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.25 436.95 Td (1,354) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 423.95 Td (Comprehensive income) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 267.60 423.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 302.60 423.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 347.55 423.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 392.55 423.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 450.45 423.95 Td (\(13) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 461.60 423.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 486.55 423.95 Td (1,211) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 539.55 423.95 Td (1,198) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 410.95 Td (Issuance of stock under employee stock plans,) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 402.95 Td (net of shares withheld for employee taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 255.55 402.95 Td (4,818) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 302.60 402.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 346.70 402.95 Td (96) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 392.55 402.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 453.55 402.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 498.60 402.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 550.70 402.95 Td (96) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 389.95 Td (Stock repurchases under stock repurchase) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 381.95 Td (programs) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 253.35 381.95 Td (\(1,870) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 275.60 381.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 302.60 381.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 347.55 381.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 385.00 381.95 Td (\(272) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 400.60 381.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 453.55 381.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 498.60 381.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 544.00 381.95 Td (\(272) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 559.60 381.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 53.00 375.00 179.76 -8.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 368.95 Td (Dividends and dividend rights declared \($1.56 per) Tj ET Q BT /F3 8.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 53.00 367.00 21.35 -8.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 360.95 Td (share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 267.60 360.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 302.60 360.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 347.55 360.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 392.55 360.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 453.55 360.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 491.00 360.95 Td (\(407) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 506.60 360.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 544.00 360.95 Td (\(407) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 559.60 360.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 347.95 Td (Share-based compensation expense) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 267.60 347.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 302.60 347.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 342.25 347.95 Td (385) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 392.55 347.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 453.55 347.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 498.60 347.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 546.25 347.95 Td (385) Tj ET Q BT /F2 8.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 53.00 341.00 91.38 -8.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 334.95 Td (Balance at July 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 244.80 334.95 Td (258,616) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 281.00 334.95 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 305.85 334.95 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 316.00 334.95 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 334.25 334.95 Td (5,335) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 361.00 334.95 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 372.15 334.95 Td (\(11,050) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 400.60 334.95 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 406.00 334.95 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 449.75 334.95 Td (\(35) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 461.60 334.95 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 467.00 334.95 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 485.25 334.95 Td (8,101) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 512.00 334.95 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 538.25 334.95 Td (2,354) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 254.25 298.60 Td (See accompanying notes.) 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0 rg BT 513.50 677.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 662.20 Td (Net income) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 662.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.25 662.20 Td (1,211) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 662.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.75 662.20 Td (971) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 662.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.75 662.20 Td (979) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 647.20 Td (Adjustments to reconcile net income to net cash provided by operating activities:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.50 647.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 647.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 632.20 Td (Depreciation) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 426.75 632.20 Td (228) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 484.75 632.20 Td (214) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.75 632.20 Td (195) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 617.20 Td (Amortization of acquired intangible assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 431.75 617.20 Td (25) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 489.75 617.20 Td (22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.75 617.20 Td (43) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 602.20 Td (Share-based compensation expense) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 426.75 602.20 Td (382) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 484.75 602.20 Td (326) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.75 602.20 Td (281) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 587.20 Td (Pre-tax gain on sale of discontinued operations \(1\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 432.80 587.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 490.80 587.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.25 587.20 Td (\(354) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 557.80 587.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 572.20 Td (Loss on sale of long-lived assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 431.75 572.20 Td (79) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 490.80 572.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 548.80 572.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 557.20 Td (Deferred income taxes) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 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0 rg BT 82.50 512.20 Td (Total adjustments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 426.75 512.20 Td (771) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 484.75 512.20 Td (583) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.75 512.20 Td (311) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 497.20 Td (Changes in operating assets and liabilities:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 497.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 497.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 497.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 82.50 482.20 Td (Accounts receivable) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 436.75 482.20 Td (5) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 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[] 0 d 0 J 0 j 3 M 453 535.5 m 503 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 533.5 m 503 533.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 535.5 m 561 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 533.5 m 561 533.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 520.5 m 445 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 518.5 m 445 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 520.5 m 503 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 518.5 m 503 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 520.5 m 561 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 518.5 m 561 518.5 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 58.50 702.20 Td (Payments for employee taxes withheld upon vesting of restricted stock units) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 424.25 702.20 Td (\(199) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 441.80 702.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 482.25 702.20 Td (\(153) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.80 702.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.25 702.20 Td (\(108) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 557.80 702.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 687.20 Td (Cash paid for purchases of treasury stock) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 424.25 687.20 Td (\(272) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 441.80 687.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 482.25 687.20 Td (\(839) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.80 687.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.75 687.20 Td (\(2,264) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 557.80 687.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 672.20 Td (Dividends and dividend rights paid) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 424.25 672.20 Td (\(407) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 441.80 672.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 482.25 672.20 Td (\(353) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.80 672.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.25 672.20 Td (\(318) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 557.80 672.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 657.20 Td (Other) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 434.25 657.20 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 441.80 657.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 492.25 657.20 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.80 657.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.25 657.20 Td (\(6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 557.80 657.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 82.50 642.20 Td (Net cash used in financing activities) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 423.15 642.20 Td (\(634) Tj ET Q BT /F2 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 441.80 642.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 473.15 642.20 Td (\(1,632) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.80 642.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.15 642.20 Td (\(1,999) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.80 642.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 627.20 Td (Effect of exchange rates on cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 429.25 627.20 Td (\(11) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 441.80 627.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 494.75 627.20 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.25 627.20 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 557.80 627.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 612.20 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 425.80 612.20 Td (935) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 481.15 612.20 Td (\(109) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.80 612.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.15 612.20 Td (\(170) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.80 612.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 597.20 Td (Cash and cash equivalents at beginning of period) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 426.75 597.20 Td (529) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 484.75 597.20 Td (638) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.75 597.20 Td (808) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 583.20 Td (Cash and cash equivalents at end of period) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 583.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 417.80 583.20 Td (1,464) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 583.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.80 583.20 Td (529) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.50 583.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.80 583.20 Td (638) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 554.20 Td (Supplemental disclosure of cash flow information:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 554.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 554.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 554.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 539.20 Td (Interest paid) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 539.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 431.75 539.20 Td (19) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 539.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.75 539.20 Td (42) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 539.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.75 539.20 Td (37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 524.20 Td (Income taxes paid) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 524.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 426.75 524.20 Td (245) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 524.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.75 524.20 Td (430) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 524.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.75 524.20 Td (389) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 510.40 Td (_________________________) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 500.80 Td (\(1\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 500.80 Td (Because the cash flows of our discontinued operations were not material for any period presented, we have not segregated the cash ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 491.20 Td (flows of those businesses on these statements of cash flows. We have presented the effect of the pre-tax gains on the disposals on ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 481.60 Td (these statements of cash flows. See Note 7, ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 235.58 481.60 Td (Discontinued Operations,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 335.94 481.60 Td ( for more information.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.35 430.00 Td (See accompanying notes.) Tj ET Q endstream endobj 117 0 obj <>] /Rotate 0 /Contents 118 0 R>> endobj 118 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (57 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 rg /GS0 gs 50.50 748.50 512.00 -27.00 re f /GS0 gs BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 737.68 Td (INTUIT INC.) Tj ET Q BT /F3 11.00 Tf ET q 1 1 1 rg BT 53.00 726.68 Td (NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 693.50 512.00 -18.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 675.5 m 562.5 675.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 681.17 Td (1. Description of Business and Summary of Significant Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 50.5 640.5 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 640.5 l 52.5 640.5 m 53.5 640.5 l 54.5 640.5 m 55.5 640.5 l 56.5 640.5 m 57.5 640.5 l 58.5 640.5 m 59.5 640.5 l 60.5 640.5 m 61.5 640.5 l 62.5 640.5 m 63.5 640.5 l 64.5 640.5 m 65.5 640.5 l 66.5 640.5 m 67.5 640.5 l 68.5 640.5 m 69.5 640.5 l 70.5 640.5 m 71.5 640.5 l 72.5 640.5 m 73.5 640.5 l 74.5 640.5 m 75.5 640.5 l 76.5 640.5 m 77.5 640.5 l 78.5 640.5 m 79.5 640.5 l 80.5 640.5 m 81.5 640.5 l 82.5 640.5 m 83.5 640.5 l 84.5 640.5 m 85.5 640.5 l 86.5 640.5 m 87.5 640.5 l 88.5 640.5 m 89.5 640.5 l 90.5 640.5 m 91.5 640.5 l 92.5 640.5 m 93.5 640.5 l 94.5 640.5 m 95.5 640.5 l 96.5 640.5 m 97.5 640.5 l 98.5 640.5 m 99.5 640.5 l 100.5 640.5 m 101.5 640.5 l 102.5 640.5 m 103.5 640.5 l 104.5 640.5 m 105.5 640.5 l 106.5 640.5 m 107.5 640.5 l 108.5 640.5 m 109.5 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640.5 l 538.5 640.5 m 539.5 640.5 l 540.5 640.5 m 541.5 640.5 l 542.5 640.5 m 543.5 640.5 l 544.5 640.5 m 545.5 640.5 l 546.5 640.5 m 547.5 640.5 l 548.5 640.5 m 549.5 640.5 l 550.5 640.5 m 551.5 640.5 l 552.5 640.5 m 553.5 640.5 l 554.5 640.5 m 555.5 640.5 l 556.5 640.5 m 557.5 640.5 l 558.5 640.5 m 559.5 640.5 l 560.5 640.5 m 561.5 640.5 l 562.5 640.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 645.68 Td (Description of Business) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 624.20 Td (Intuit helps consumers, small businesses, and the self-employed prosper by delivering financial management and compliance ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 613.40 Td (products and services. We also provide specialized tax products to accounting professionals, who are key partners that help us ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 602.60 Td (reach small business customers.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 585.80 Td (Our flagship brands, QuickBooks and TurboTax, help customers run their small businesses, pay employees and send invoices, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 575.00 Td (separate business and personal expenses, track their money, and file income taxes. ProSeries and Lacerte are our leading tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 564.20 Td (preparation offerings for professional accountants. Incorporated in 1984 and headquartered in Mountain View, California, we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 553.40 Td (sell our products and services primarily in the United States.) 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We have ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 490.80 Td (eliminated all significant intercompany balances and transactions in consolidation. We have reclassified certain amounts ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 480.00 Td (previously reported in our financial statements to conform to the current presentation, including amounts related to our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 469.20 Td (reportable segments. See Note 14, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 194.59 469.20 Td (Segment Information,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.00 469.20 Td ( for more information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 452.40 Td (We acquired TSheets.com LLC, Exactor, Inc., and Applatix, Inc. in fiscal 2018. We have included the results of operations for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 441.60 Td (these companies in our consolidated results of operations from the dates of acquisition. See Note 6, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 461.61 441.60 Td (Business Combinations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.66 441.60 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 430.80 Td (for more information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 414.00 Td (As discussed in Note 7, in fiscal 2016 we sold our Demandforce, QuickBase, and Quicken businesses. We have reclassified our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 403.20 Td (statements of operations for fiscal 2016 to reflect all of these businesses as discontinued operations. Because the cash flows of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 392.40 Td (all of these businesses were not material, we have not segregated them on our statements of cash flows. Unless noted ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 381.60 Td (otherwise, discussions in these notes pertain to our continuing operations.) 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We defer revenue associated with these advance ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (payments and the relative fair value of undelivered elements under multiple element arrangements until we ship the products ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (or perform the services.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 703.80 Td (We account for cash consideration \(such as sales incentives\) that we give to our customers or resellers as a reduction of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 693.00 Td (revenue rather than as an operating expense unless we receive a benefit that we can identify and for which we can reasonably ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 682.20 Td (estimate the fair value.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 658.20 Td (Product Revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 641.40 Td (For our QuickBooks and professional tax desktop solutions we deliver ongoing enhancements and certain connected services. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 630.60 Td (As a result, we recognize revenue for the QuickBooks desktop solutions over the period that the enhancements and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 619.80 Td (connected services are provided, which is approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 280.29 619.80 Td (three) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.48 619.80 Td ( years. We recognize revenue for the professional tax desktop ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 609.00 Td (solutions as services are provided over the calendar year, once tax forms are available from taxing agencies and the agencies ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 598.20 Td (are able to receive electronic tax return submissions.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 581.40 Td (We recognize revenue from the sale of our financial supplies such as printed check stock and merchant services hardware such ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 570.60 Td (as retail point-of-sale equipment and credit card readers for mobile phones when legal title transfers. This is generally when ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 559.80 Td (we ship the products. We record product revenue net of our sales tax obligations.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 543.00 Td (We sell some of our QuickBooks and TurboTax desktop software products on consignment to certain retailers. We begin ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 532.20 Td (recognizing revenue for these consignment transactions only when the end-user sale has occurred. For software products that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 521.40 Td (are sold on a subscription basis and include periodic updates, we recognize revenue ratably over the period that we provide ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 510.60 Td (services to the customer.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 493.80 Td (We reduce product revenue from distributors and retailers for estimated returns that are based on historical returns ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 483.00 Td (experience and other factors, such as the volume and price mix of products in the retail channel, return rates for prior releases ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 472.20 Td (of the product, trends in retailer inventory, and economic trends that might impact customer demand for our products ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 461.40 Td (\(including the competitive environment and the timing of new releases of our product\). We also reduce product revenue for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 450.60 Td (the estimated redemption of promotional discounts and rebates on certain current product sales. Our estimated reserves for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 439.80 Td (distributor and retailer sales incentive rebates are based on distributors and retailers actual performance against the terms ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 429.00 Td (and conditions of rebate programs.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 405.00 Td (Service and Other Revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 388.20 Td (Our service revenue consists primarily of hosted services such as QuickBooks Online, QuickBooks desktop software term ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 377.40 Td (licenses, TurboTax Online, payroll services, electronic merchant payment processing services, electronic tax filing, technical ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 366.60 Td (support plans, and tax advice services. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 349.80 Td (We recognize revenue from hosted services as the services are performed, provided we have no other remaining obligations ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 339.00 Td (to these customers. We generally require customers to remit payroll tax funds to us in advance of the payroll date via ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 328.20 Td (electronic funds transfer. We include in total net revenue the interest that we earn on these funds between the time that we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 317.40 Td (collect them from customers and the time that we remit them to outside parties. Service revenue for electronic payment ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 306.60 Td (processing services that we provide to merchants is recorded net of interchange fees charged by credit card associations.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 289.80 Td (Other revenue consists primarily of revenue from revenue-sharing and royalty arrangements with third-party partners. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 279.00 Td (typically recognize this revenue as earned based upon reporting provided to us by our partners. ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 50 258.07500000000005 m 179.1943359375 258.07500000000005 l s q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 259.20 Td (Multiple Element Arrangements) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 242.40 Td (We enter into multiple element revenue arrangements in which a customer may purchase a combination of software, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 231.60 Td (upgrades, hosted services, technical support, and hardware. ) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 50 210.67499999999995 m 401.66357421875 210.67499999999995 l s q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 211.80 Td (Multiple Element Arrangements That Contain Software and Software-Related Elements) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 195.00 Td (For multiple element arrangements that contain only software and software-related elements, such as QuickBooks desktop ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 184.20 Td (software and paid technical support plans, we allocate and defer revenue for the undelivered elements based on their vendor-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 173.40 Td (specific objective evidence of fair value \(VSOE\). VSOE is the price charged when that element is sold separately. In situations ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 162.60 Td (where VSOE exists for all elements \(delivered and undelivered\), we allocate the total revenue to be earned under the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 151.80 Td (arrangement among the various elements, based on their relative fair value. For arrangements where VSOE exists only for the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 141.00 Td (undelivered elements, we defer the full fair value of the undelivered elements and recognize the difference between the total ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 130.20 Td (arrangement fee and the amount deferred for the undelivered items as revenue. If VSOE does not exist for an undelivered ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 119.40 Td (service element, we recognize the revenue from the entire arrangement as the services are delivered. If VSOE does not exist ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 108.60 Td (for undelivered elements that are specified products or features, we defer revenue until the earlier of the delivery of all ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 97.80 Td (elements or the point at which we determine VSOE for these undelivered elements.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 81.00 Td (We recognize revenue related to the delivered products or services only if: \(1\) the above revenue recognition criteria are met; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 70.20 Td (\(2\) any undelivered products or services are not essential to the functionality of the delivered products and services; \(3\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 59.40 Td (payment for the delivered products or services is not contingent upon delivery of the remaining products or services; and \(4\) ) Tj ET Q endstream endobj 121 0 obj <>] /Rotate 0 /Contents 122 0 R>> endobj 122 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (59 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (we have an enforceable claim to receive the amount due in the event that we do not deliver the undelivered products or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (services.) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 50 710.475 m 332.13037109375 710.475 l s q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 711.60 Td (Multiple Element Arrangements That Contain Non-Software Elements) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 694.80 Td (For multiple element arrangements that contain non-software elements such as hosted services or credit card readers for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 684.00 Td (mobile phones, we: \(1\) determine whether and when each element has been delivered; \(2\) determine the fair value of each ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 673.20 Td (element using the selling price hierarchy of VSOE if available, third-party evidence \(TPE\) if VSOE is not available, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 662.40 Td (estimated selling price \(ESP\) if neither VSOE nor TPE is available; and \(3\) allocate the total price among the various elements ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 651.60 Td (using the relative selling price method. Once we have allocated the total price among the various elements, we recognize ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 640.80 Td (revenue when the revenue recognition criteria described above are met for each element.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 624.00 Td (VSOE generally exists when we sell the deliverable separately and we are normally able to establish VSOE for all deliverables ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 613.20 Td (in these multiple element arrangements; however, in certain limited instances VSOE cannot be established. This may be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 602.40 Td (because we do not sell the element separately, do not price products or services within a narrow range, or have a limited sales ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 591.60 Td (history. When VSOE cannot be established, we attempt to establish selling price for each element based on TPE. TPE is ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 580.80 Td (determined based on competitor prices for similar deliverables when sold separately. When we are unable to establish selling ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 570.00 Td (price using VSOE or TPE, we use ESP in our allocation of arrangement consideration. ESP is the estimated price at which we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 559.20 Td (would sell a product or service if it were sold on a stand-alone basis. We determine ESP for a product or service by considering ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 548.40 Td (multiple factors including, but not limited to, pricing practices, market conditions, competitive landscape, type of customer, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 537.60 Td (geographies, stage of product lifecycle, internal costs, and gross margin objectives. Significant pricing practices that we take ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 526.80 Td (into consideration include historic contractually stated prices, volume discounts where applicable, and our price lists. The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 516.00 Td (determination of ESP is made through consultation with and formal approval by management, taking into consideration our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 505.20 Td (overall go-to-market strategy. ) Tj ET Q 50.5 469.7 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 469.7 l 52.5 469.7 m 53.5 469.7 l 54.5 469.7 m 55.5 469.7 l 56.5 469.7 m 57.5 469.7 l 58.5 469.7 m 59.5 469.7 l 60.5 469.7 m 61.5 469.7 l 62.5 469.7 m 63.5 469.7 l 64.5 469.7 m 65.5 469.7 l 66.5 469.7 m 67.5 469.7 l 68.5 469.7 m 69.5 469.7 l 70.5 469.7 m 71.5 469.7 l 72.5 469.7 m 73.5 469.7 l 74.5 469.7 m 75.5 469.7 l 76.5 469.7 m 77.5 469.7 l 78.5 469.7 m 79.5 469.7 l 80.5 469.7 m 81.5 469.7 l 82.5 469.7 m 83.5 469.7 l 84.5 469.7 m 85.5 469.7 l 86.5 469.7 m 87.5 469.7 l 88.5 469.7 m 89.5 469.7 l 90.5 469.7 m 91.5 469.7 l 92.5 469.7 m 93.5 469.7 l 94.5 469.7 m 95.5 469.7 l 96.5 469.7 m 97.5 469.7 l 98.5 469.7 m 99.5 469.7 l 100.5 469.7 m 101.5 469.7 l 102.5 469.7 m 103.5 469.7 l 104.5 469.7 m 105.5 469.7 l 106.5 469.7 m 107.5 469.7 l 108.5 469.7 m 109.5 469.7 l 110.5 469.7 m 111.5 469.7 l 112.5 469.7 m 113.5 469.7 l 114.5 469.7 m 115.5 469.7 l 116.5 469.7 m 117.5 469.7 l 118.5 469.7 m 119.5 469.7 l 120.5 469.7 m 121.5 469.7 l 122.5 469.7 m 123.5 469.7 l 124.5 469.7 m 125.5 469.7 l 126.5 469.7 m 127.5 469.7 l 128.5 469.7 m 129.5 469.7 l 130.5 469.7 m 131.5 469.7 l 132.5 469.7 m 133.5 469.7 l 134.5 469.7 m 135.5 469.7 l 136.5 469.7 m 137.5 469.7 l 138.5 469.7 m 139.5 469.7 l 140.5 469.7 m 141.5 469.7 l 142.5 469.7 m 143.5 469.7 l 144.5 469.7 m 145.5 469.7 l 146.5 469.7 m 147.5 469.7 l 148.5 469.7 m 149.5 469.7 l 150.5 469.7 m 151.5 469.7 l 152.5 469.7 m 153.5 469.7 l 154.5 469.7 m 155.5 469.7 l 156.5 469.7 m 157.5 469.7 l 158.5 469.7 m 159.5 469.7 l 160.5 469.7 m 161.5 469.7 l 162.5 469.7 m 163.5 469.7 l 164.5 469.7 m 165.5 469.7 l 166.5 469.7 m 167.5 469.7 l 168.5 469.7 m 169.5 469.7 l 170.5 469.7 m 171.5 469.7 l 172.5 469.7 m 173.5 469.7 l 174.5 469.7 m 175.5 469.7 l 176.5 469.7 m 177.5 469.7 l 178.5 469.7 m 179.5 469.7 l 180.5 469.7 m 181.5 469.7 l 182.5 469.7 m 183.5 469.7 l 184.5 469.7 m 185.5 469.7 l 186.5 469.7 m 187.5 469.7 l 188.5 469.7 m 189.5 469.7 l 190.5 469.7 m 191.5 469.7 l 192.5 469.7 m 193.5 469.7 l 194.5 469.7 m 195.5 469.7 l 196.5 469.7 m 197.5 469.7 l 198.5 469.7 m 199.5 469.7 l 200.5 469.7 m 201.5 469.7 l 202.5 469.7 m 203.5 469.7 l 204.5 469.7 m 205.5 469.7 l 206.5 469.7 m 207.5 469.7 l 208.5 469.7 m 209.5 469.7 l 210.5 469.7 m 211.5 469.7 l 212.5 469.7 m 213.5 469.7 l 214.5 469.7 m 215.5 469.7 l 216.5 469.7 m 217.5 469.7 l 218.5 469.7 m 219.5 469.7 l 220.5 469.7 m 221.5 469.7 l 222.5 469.7 m 223.5 469.7 l 224.5 469.7 m 225.5 469.7 l 226.5 469.7 m 227.5 469.7 l 228.5 469.7 m 229.5 469.7 l 230.5 469.7 m 231.5 469.7 l 232.5 469.7 m 233.5 469.7 l 234.5 469.7 m 235.5 469.7 l 236.5 469.7 m 237.5 469.7 l 238.5 469.7 m 239.5 469.7 l 240.5 469.7 m 241.5 469.7 l 242.5 469.7 m 243.5 469.7 l 244.5 469.7 m 245.5 469.7 l 246.5 469.7 m 247.5 469.7 l 248.5 469.7 m 249.5 469.7 l 250.5 469.7 m 251.5 469.7 l 252.5 469.7 m 253.5 469.7 l 254.5 469.7 m 255.5 469.7 l 256.5 469.7 m 257.5 469.7 l 258.5 469.7 m 259.5 469.7 l 260.5 469.7 m 261.5 469.7 l 262.5 469.7 m 263.5 469.7 l 264.5 469.7 m 265.5 469.7 l 266.5 469.7 m 267.5 469.7 l 268.5 469.7 m 269.5 469.7 l 270.5 469.7 m 271.5 469.7 l 272.5 469.7 m 273.5 469.7 l 274.5 469.7 m 275.5 469.7 l 276.5 469.7 m 277.5 469.7 l 278.5 469.7 m 279.5 469.7 l 280.5 469.7 m 281.5 469.7 l 282.5 469.7 m 283.5 469.7 l 284.5 469.7 m 285.5 469.7 l 286.5 469.7 m 287.5 469.7 l 288.5 469.7 m 289.5 469.7 l 290.5 469.7 m 291.5 469.7 l 292.5 469.7 m 293.5 469.7 l 294.5 469.7 m 295.5 469.7 l 296.5 469.7 m 297.5 469.7 l 298.5 469.7 m 299.5 469.7 l 300.5 469.7 m 301.5 469.7 l 302.5 469.7 m 303.5 469.7 l 304.5 469.7 m 305.5 469.7 l 306.5 469.7 m 307.5 469.7 l 308.5 469.7 m 309.5 469.7 l 310.5 469.7 m 311.5 469.7 l 312.5 469.7 m 313.5 469.7 l 314.5 469.7 m 315.5 469.7 l 316.5 469.7 m 317.5 469.7 l 318.5 469.7 m 319.5 469.7 l 320.5 469.7 m 321.5 469.7 l 322.5 469.7 m 323.5 469.7 l 324.5 469.7 m 325.5 469.7 l 326.5 469.7 m 327.5 469.7 l 328.5 469.7 m 329.5 469.7 l 330.5 469.7 m 331.5 469.7 l 332.5 469.7 m 333.5 469.7 l 334.5 469.7 m 335.5 469.7 l 336.5 469.7 m 337.5 469.7 l 338.5 469.7 m 339.5 469.7 l 340.5 469.7 m 341.5 469.7 l 342.5 469.7 m 343.5 469.7 l 344.5 469.7 m 345.5 469.7 l 346.5 469.7 m 347.5 469.7 l 348.5 469.7 m 349.5 469.7 l 350.5 469.7 m 351.5 469.7 l 352.5 469.7 m 353.5 469.7 l 354.5 469.7 m 355.5 469.7 l 356.5 469.7 m 357.5 469.7 l 358.5 469.7 m 359.5 469.7 l 360.5 469.7 m 361.5 469.7 l 362.5 469.7 m 363.5 469.7 l 364.5 469.7 m 365.5 469.7 l 366.5 469.7 m 367.5 469.7 l 368.5 469.7 m 369.5 469.7 l 370.5 469.7 m 371.5 469.7 l 372.5 469.7 m 373.5 469.7 l 374.5 469.7 m 375.5 469.7 l 376.5 469.7 m 377.5 469.7 l 378.5 469.7 m 379.5 469.7 l 380.5 469.7 m 381.5 469.7 l 382.5 469.7 m 383.5 469.7 l 384.5 469.7 m 385.5 469.7 l 386.5 469.7 m 387.5 469.7 l 388.5 469.7 m 389.5 469.7 l 390.5 469.7 m 391.5 469.7 l 392.5 469.7 m 393.5 469.7 l 394.5 469.7 m 395.5 469.7 l 396.5 469.7 m 397.5 469.7 l 398.5 469.7 m 399.5 469.7 l 400.5 469.7 m 401.5 469.7 l 402.5 469.7 m 403.5 469.7 l 404.5 469.7 m 405.5 469.7 l 406.5 469.7 m 407.5 469.7 l 408.5 469.7 m 409.5 469.7 l 410.5 469.7 m 411.5 469.7 l 412.5 469.7 m 413.5 469.7 l 414.5 469.7 m 415.5 469.7 l 416.5 469.7 m 417.5 469.7 l 418.5 469.7 m 419.5 469.7 l 420.5 469.7 m 421.5 469.7 l 422.5 469.7 m 423.5 469.7 l 424.5 469.7 m 425.5 469.7 l 426.5 469.7 m 427.5 469.7 l 428.5 469.7 m 429.5 469.7 l 430.5 469.7 m 431.5 469.7 l 432.5 469.7 m 433.5 469.7 l 434.5 469.7 m 435.5 469.7 l 436.5 469.7 m 437.5 469.7 l 438.5 469.7 m 439.5 469.7 l 440.5 469.7 m 441.5 469.7 l 442.5 469.7 m 443.5 469.7 l 444.5 469.7 m 445.5 469.7 l 446.5 469.7 m 447.5 469.7 l 448.5 469.7 m 449.5 469.7 l 450.5 469.7 m 451.5 469.7 l 452.5 469.7 m 453.5 469.7 l 454.5 469.7 m 455.5 469.7 l 456.5 469.7 m 457.5 469.7 l 458.5 469.7 m 459.5 469.7 l 460.5 469.7 m 461.5 469.7 l 462.5 469.7 m 463.5 469.7 l 464.5 469.7 m 465.5 469.7 l 466.5 469.7 m 467.5 469.7 l 468.5 469.7 m 469.5 469.7 l 470.5 469.7 m 471.5 469.7 l 472.5 469.7 m 473.5 469.7 l 474.5 469.7 m 475.5 469.7 l 476.5 469.7 m 477.5 469.7 l 478.5 469.7 m 479.5 469.7 l 480.5 469.7 m 481.5 469.7 l 482.5 469.7 m 483.5 469.7 l 484.5 469.7 m 485.5 469.7 l 486.5 469.7 m 487.5 469.7 l 488.5 469.7 m 489.5 469.7 l 490.5 469.7 m 491.5 469.7 l 492.5 469.7 m 493.5 469.7 l 494.5 469.7 m 495.5 469.7 l 496.5 469.7 m 497.5 469.7 l 498.5 469.7 m 499.5 469.7 l 500.5 469.7 m 501.5 469.7 l 502.5 469.7 m 503.5 469.7 l 504.5 469.7 m 505.5 469.7 l 506.5 469.7 m 507.5 469.7 l 508.5 469.7 m 509.5 469.7 l 510.5 469.7 m 511.5 469.7 l 512.5 469.7 m 513.5 469.7 l 514.5 469.7 m 515.5 469.7 l 516.5 469.7 m 517.5 469.7 l 518.5 469.7 m 519.5 469.7 l 520.5 469.7 m 521.5 469.7 l 522.5 469.7 m 523.5 469.7 l 524.5 469.7 m 525.5 469.7 l 526.5 469.7 m 527.5 469.7 l 528.5 469.7 m 529.5 469.7 l 530.5 469.7 m 531.5 469.7 l 532.5 469.7 m 533.5 469.7 l 534.5 469.7 m 535.5 469.7 l 536.5 469.7 m 537.5 469.7 l 538.5 469.7 m 539.5 469.7 l 540.5 469.7 m 541.5 469.7 l 542.5 469.7 m 543.5 469.7 l 544.5 469.7 m 545.5 469.7 l 546.5 469.7 m 547.5 469.7 l 548.5 469.7 m 549.5 469.7 l 550.5 469.7 m 551.5 469.7 l 552.5 469.7 m 553.5 469.7 l 554.5 469.7 m 555.5 469.7 l 556.5 469.7 m 557.5 469.7 l 558.5 469.7 m 559.5 469.7 l 560.5 469.7 m 561.5 469.7 l 562.5 469.7 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 474.88 Td (Shipping and Handling) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 453.40 Td (We record the amounts we charge our customers for the shipping and handling of our software products as product revenue ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 442.60 Td (and we record the related costs as cost of product revenue in 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407.1 m 545.5 407.1 l 546.5 407.1 m 547.5 407.1 l 548.5 407.1 m 549.5 407.1 l 550.5 407.1 m 551.5 407.1 l 552.5 407.1 m 553.5 407.1 l 554.5 407.1 m 555.5 407.1 l 556.5 407.1 m 557.5 407.1 l 558.5 407.1 m 559.5 407.1 l 560.5 407.1 m 561.5 407.1 l 562.5 407.1 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 412.28 Td (Customer Service and Technical Support) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 390.80 Td (We include the costs of providing customer service under paid technical support contracts and as included in certain software ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 380.00 Td (subscriptions on the cost of service and other revenue line in our statements of operations. We also include the costs of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 369.20 Td (customer service and technical support associated with our online or hosted offerings in cost of service and other revenue. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 358.40 Td (include the costs of customer service and free technical support related to desktop offerings in selling and marketing expense ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 347.60 Td (in our statements of operations. Customer service and technical support costs include costs associated with performing order ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 336.80 Td (processing, answering customer inquiries by telephone and through websites, e-mail and other electronic means, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 326.00 Td (providing free technical support assistance to customers. We expense the cost of providing this free support as incurred.) 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290.5 m 547.5 290.5 l 548.5 290.5 m 549.5 290.5 l 550.5 290.5 m 551.5 290.5 l 552.5 290.5 m 553.5 290.5 l 554.5 290.5 m 555.5 290.5 l 556.5 290.5 m 557.5 290.5 l 558.5 290.5 m 559.5 290.5 l 560.5 290.5 m 561.5 290.5 l 562.5 290.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 295.68 Td (Software Development Costs) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 274.20 Td (We expense software development costs as we incur them until technological feasibility has been established, at which time ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 263.40 Td (those costs are capitalized until the product is available for general release to customers. To date, our software has been ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 252.60 Td (available for general release concurrent with the establishment of technological feasibility and, accordingly, we have not ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 241.80 Td (capitalized any development costs. Costs we incur to enhance our existing products or after the general release of the service ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 231.00 Td (using the product are expensed in the period they are incurred and included in research and development expense in our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 220.20 Td (statements of operations.) 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Costs incurred in the application development phase ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 146.80 Td (are capitalized and amortized on a straight-line basis over their useful lives, which are generally ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.47 146.80 Td (three) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.65 146.80 Td ( to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.17 146.80 Td (five) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.51 146.80 Td ( years. Costs ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 136.00 Td (related to planning and other preliminary project activities and to post-implementation activities are expensed as incurred. 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659.15 l 314.5 659.15 m 315.5 659.15 l 316.5 659.15 m 317.5 659.15 l 318.5 659.15 m 319.5 659.15 l 320.5 659.15 m 321.5 659.15 l 322.5 659.15 m 323.5 659.15 l 324.5 659.15 m 325.5 659.15 l 326.5 659.15 m 327.5 659.15 l 328.5 659.15 m 329.5 659.15 l 330.5 659.15 m 331.5 659.15 l 332.5 659.15 m 333.5 659.15 l 334.5 659.15 m 335.5 659.15 l 336.5 659.15 m 337.5 659.15 l 338.5 659.15 m 339.5 659.15 l 340.5 659.15 m 341.5 659.15 l 342.5 659.15 m 343.5 659.15 l 344.5 659.15 m 345.5 659.15 l 346.5 659.15 m 347.5 659.15 l 348.5 659.15 m 349.5 659.15 l 350.5 659.15 m 351.5 659.15 l 352.5 659.15 m 353.5 659.15 l 354.5 659.15 m 355.5 659.15 l 356.5 659.15 m 357.5 659.15 l 358.5 659.15 m 359.5 659.15 l 360.5 659.15 m 361.5 659.15 l 362.5 659.15 m 363.5 659.15 l 364.5 659.15 m 365.5 659.15 l 366.5 659.15 m 367.5 659.15 l 368.5 659.15 m 369.5 659.15 l 370.5 659.15 m 371.5 659.15 l 372.5 659.15 m 373.5 659.15 l 374.5 659.15 m 375.5 659.15 l 376.5 659.15 m 377.5 659.15 l 378.5 659.15 m 379.5 659.15 l 380.5 659.15 m 381.5 659.15 l 382.5 659.15 m 383.5 659.15 l 384.5 659.15 m 385.5 659.15 l 386.5 659.15 m 387.5 659.15 l 388.5 659.15 m 389.5 659.15 l 390.5 659.15 m 391.5 659.15 l 392.5 659.15 m 393.5 659.15 l 394.5 659.15 m 395.5 659.15 l 396.5 659.15 m 397.5 659.15 l 398.5 659.15 m 399.5 659.15 l 400.5 659.15 m 401.5 659.15 l 402.5 659.15 m 403.5 659.15 l 404.5 659.15 m 405.5 659.15 l 406.5 659.15 m 407.5 659.15 l 408.5 659.15 m 409.5 659.15 l 410.5 659.15 m 411.5 659.15 l 412.5 659.15 m 413.5 659.15 l 414.5 659.15 m 415.5 659.15 l 416.5 659.15 m 417.5 659.15 l 418.5 659.15 m 419.5 659.15 l 420.5 659.15 m 421.5 659.15 l 422.5 659.15 m 423.5 659.15 l 424.5 659.15 m 425.5 659.15 l 426.5 659.15 m 427.5 659.15 l 428.5 659.15 m 429.5 659.15 l 430.5 659.15 m 431.5 659.15 l 432.5 659.15 m 433.5 659.15 l 434.5 659.15 m 435.5 659.15 l 436.5 659.15 m 437.5 659.15 l 438.5 659.15 m 439.5 659.15 l 440.5 659.15 m 441.5 659.15 l 442.5 659.15 m 443.5 659.15 l 444.5 659.15 m 445.5 659.15 l 446.5 659.15 m 447.5 659.15 l 448.5 659.15 m 449.5 659.15 l 450.5 659.15 m 451.5 659.15 l 452.5 659.15 m 453.5 659.15 l 454.5 659.15 m 455.5 659.15 l 456.5 659.15 m 457.5 659.15 l 458.5 659.15 m 459.5 659.15 l 460.5 659.15 m 461.5 659.15 l 462.5 659.15 m 463.5 659.15 l 464.5 659.15 m 465.5 659.15 l 466.5 659.15 m 467.5 659.15 l 468.5 659.15 m 469.5 659.15 l 470.5 659.15 m 471.5 659.15 l 472.5 659.15 m 473.5 659.15 l 474.5 659.15 m 475.5 659.15 l 476.5 659.15 m 477.5 659.15 l 478.5 659.15 m 479.5 659.15 l 480.5 659.15 m 481.5 659.15 l 482.5 659.15 m 483.5 659.15 l 484.5 659.15 m 485.5 659.15 l 486.5 659.15 m 487.5 659.15 l 488.5 659.15 m 489.5 659.15 l 490.5 659.15 m 491.5 659.15 l 492.5 659.15 m 493.5 659.15 l 494.5 659.15 m 495.5 659.15 l 496.5 659.15 m 497.5 659.15 l 498.5 659.15 m 499.5 659.15 l 500.5 659.15 m 501.5 659.15 l 502.5 659.15 m 503.5 659.15 l 504.5 659.15 m 505.5 659.15 l 506.5 659.15 m 507.5 659.15 l 508.5 659.15 m 509.5 659.15 l 510.5 659.15 m 511.5 659.15 l 512.5 659.15 m 513.5 659.15 l 514.5 659.15 m 515.5 659.15 l 516.5 659.15 m 517.5 659.15 l 518.5 659.15 m 519.5 659.15 l 520.5 659.15 m 521.5 659.15 l 522.5 659.15 m 523.5 659.15 l 524.5 659.15 m 525.5 659.15 l 526.5 659.15 m 527.5 659.15 l 528.5 659.15 m 529.5 659.15 l 530.5 659.15 m 531.5 659.15 l 532.5 659.15 m 533.5 659.15 l 534.5 659.15 m 535.5 659.15 l 536.5 659.15 m 537.5 659.15 l 538.5 659.15 m 539.5 659.15 l 540.5 659.15 m 541.5 659.15 l 542.5 659.15 m 543.5 659.15 l 544.5 659.15 m 545.5 659.15 l 546.5 659.15 m 547.5 659.15 l 548.5 659.15 m 549.5 659.15 l 550.5 659.15 m 551.5 659.15 l 552.5 659.15 m 553.5 659.15 l 554.5 659.15 m 555.5 659.15 l 556.5 659.15 m 557.5 659.15 l 558.5 659.15 m 559.5 659.15 l 560.5 659.15 m 561.5 659.15 l 562.5 659.15 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 664.33 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 642.80 Td (We review all leases for capital or operating classification at their inception. We use our incremental borrowing rate in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 632.00 Td (assessment of lease classification and define the initial lease term to include the construction build-out period but to exclude ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 621.20 Td (lease extension periods. We conduct our operations primarily under operating leases. For leases that contain rent escalations, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 610.40 Td (we record the total rent payable during the lease term, as defined above, on a straight-line basis over the term of the lease. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 599.60 Td (We record the difference between the rent paid and the straight-line rent in a deferred rent account in other current liabilities ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 588.80 Td (or other long-term obligations, as appropriate, on our balance sheets.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 572.00 Td (We record landlord allowances as deferred rent liabilities in other current liabilities or other long-term obligations, as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 561.20 Td (appropriate, on our balance sheets. We record landlord cash incentives as operating activity on our statements of cash flows. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 550.40 Td (We record other landlord allowances as non-cash investing and financing activities on our statements of cash flows. We classify ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 539.60 Td (the amortization of landlord allowances as a reduction of occupancy expense in our statements of operations.) Tj ET Q 50.5 504.1 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 504.1 l 52.5 504.1 m 53.5 504.1 l 54.5 504.1 m 55.5 504.1 l 56.5 504.1 m 57.5 504.1 l 58.5 504.1 m 59.5 504.1 l 60.5 504.1 m 61.5 504.1 l 62.5 504.1 m 63.5 504.1 l 64.5 504.1 m 65.5 504.1 l 66.5 504.1 m 67.5 504.1 l 68.5 504.1 m 69.5 504.1 l 70.5 504.1 m 71.5 504.1 l 72.5 504.1 m 73.5 504.1 l 74.5 504.1 m 75.5 504.1 l 76.5 504.1 m 77.5 504.1 l 78.5 504.1 m 79.5 504.1 l 80.5 504.1 m 81.5 504.1 l 82.5 504.1 m 83.5 504.1 l 84.5 504.1 m 85.5 504.1 l 86.5 504.1 m 87.5 504.1 l 88.5 504.1 m 89.5 504.1 l 90.5 504.1 m 91.5 504.1 l 92.5 504.1 m 93.5 504.1 l 94.5 504.1 m 95.5 504.1 l 96.5 504.1 m 97.5 504.1 l 98.5 504.1 m 99.5 504.1 l 100.5 504.1 m 101.5 504.1 l 102.5 504.1 m 103.5 504.1 l 104.5 504.1 m 105.5 504.1 l 106.5 504.1 m 107.5 504.1 l 108.5 504.1 m 109.5 504.1 l 110.5 504.1 m 111.5 504.1 l 112.5 504.1 m 113.5 504.1 l 114.5 504.1 m 115.5 504.1 l 116.5 504.1 m 117.5 504.1 l 118.5 504.1 m 119.5 504.1 l 120.5 504.1 m 121.5 504.1 l 122.5 504.1 m 123.5 504.1 l 124.5 504.1 m 125.5 504.1 l 126.5 504.1 m 127.5 504.1 l 128.5 504.1 m 129.5 504.1 l 130.5 504.1 m 131.5 504.1 l 132.5 504.1 m 133.5 504.1 l 134.5 504.1 m 135.5 504.1 l 136.5 504.1 m 137.5 504.1 l 138.5 504.1 m 139.5 504.1 l 140.5 504.1 m 141.5 504.1 l 142.5 504.1 m 143.5 504.1 l 144.5 504.1 m 145.5 504.1 l 146.5 504.1 m 147.5 504.1 l 148.5 504.1 m 149.5 504.1 l 150.5 504.1 m 151.5 504.1 l 152.5 504.1 m 153.5 504.1 l 154.5 504.1 m 155.5 504.1 l 156.5 504.1 m 157.5 504.1 l 158.5 504.1 m 159.5 504.1 l 160.5 504.1 m 161.5 504.1 l 162.5 504.1 m 163.5 504.1 l 164.5 504.1 m 165.5 504.1 l 166.5 504.1 m 167.5 504.1 l 168.5 504.1 m 169.5 504.1 l 170.5 504.1 m 171.5 504.1 l 172.5 504.1 m 173.5 504.1 l 174.5 504.1 m 175.5 504.1 l 176.5 504.1 m 177.5 504.1 l 178.5 504.1 m 179.5 504.1 l 180.5 504.1 m 181.5 504.1 l 182.5 504.1 m 183.5 504.1 l 184.5 504.1 m 185.5 504.1 l 186.5 504.1 m 187.5 504.1 l 188.5 504.1 m 189.5 504.1 l 190.5 504.1 m 191.5 504.1 l 192.5 504.1 m 193.5 504.1 l 194.5 504.1 m 195.5 504.1 l 196.5 504.1 m 197.5 504.1 l 198.5 504.1 m 199.5 504.1 l 200.5 504.1 m 201.5 504.1 l 202.5 504.1 m 203.5 504.1 l 204.5 504.1 m 205.5 504.1 l 206.5 504.1 m 207.5 504.1 l 208.5 504.1 m 209.5 504.1 l 210.5 504.1 m 211.5 504.1 l 212.5 504.1 m 213.5 504.1 l 214.5 504.1 m 215.5 504.1 l 216.5 504.1 m 217.5 504.1 l 218.5 504.1 m 219.5 504.1 l 220.5 504.1 m 221.5 504.1 l 222.5 504.1 m 223.5 504.1 l 224.5 504.1 m 225.5 504.1 l 226.5 504.1 m 227.5 504.1 l 228.5 504.1 m 229.5 504.1 l 230.5 504.1 m 231.5 504.1 l 232.5 504.1 m 233.5 504.1 l 234.5 504.1 m 235.5 504.1 l 236.5 504.1 m 237.5 504.1 l 238.5 504.1 m 239.5 504.1 l 240.5 504.1 m 241.5 504.1 l 242.5 504.1 m 243.5 504.1 l 244.5 504.1 m 245.5 504.1 l 246.5 504.1 m 247.5 504.1 l 248.5 504.1 m 249.5 504.1 l 250.5 504.1 m 251.5 504.1 l 252.5 504.1 m 253.5 504.1 l 254.5 504.1 m 255.5 504.1 l 256.5 504.1 m 257.5 504.1 l 258.5 504.1 m 259.5 504.1 l 260.5 504.1 m 261.5 504.1 l 262.5 504.1 m 263.5 504.1 l 264.5 504.1 m 265.5 504.1 l 266.5 504.1 m 267.5 504.1 l 268.5 504.1 m 269.5 504.1 l 270.5 504.1 m 271.5 504.1 l 272.5 504.1 m 273.5 504.1 l 274.5 504.1 m 275.5 504.1 l 276.5 504.1 m 277.5 504.1 l 278.5 504.1 m 279.5 504.1 l 280.5 504.1 m 281.5 504.1 l 282.5 504.1 m 283.5 504.1 l 284.5 504.1 m 285.5 504.1 l 286.5 504.1 m 287.5 504.1 l 288.5 504.1 m 289.5 504.1 l 290.5 504.1 m 291.5 504.1 l 292.5 504.1 m 293.5 504.1 l 294.5 504.1 m 295.5 504.1 l 296.5 504.1 m 297.5 504.1 l 298.5 504.1 m 299.5 504.1 l 300.5 504.1 m 301.5 504.1 l 302.5 504.1 m 303.5 504.1 l 304.5 504.1 m 305.5 504.1 l 306.5 504.1 m 307.5 504.1 l 308.5 504.1 m 309.5 504.1 l 310.5 504.1 m 311.5 504.1 l 312.5 504.1 m 313.5 504.1 l 314.5 504.1 m 315.5 504.1 l 316.5 504.1 m 317.5 504.1 l 318.5 504.1 m 319.5 504.1 l 320.5 504.1 m 321.5 504.1 l 322.5 504.1 m 323.5 504.1 l 324.5 504.1 m 325.5 504.1 l 326.5 504.1 m 327.5 504.1 l 328.5 504.1 m 329.5 504.1 l 330.5 504.1 m 331.5 504.1 l 332.5 504.1 m 333.5 504.1 l 334.5 504.1 m 335.5 504.1 l 336.5 504.1 m 337.5 504.1 l 338.5 504.1 m 339.5 504.1 l 340.5 504.1 m 341.5 504.1 l 342.5 504.1 m 343.5 504.1 l 344.5 504.1 m 345.5 504.1 l 346.5 504.1 m 347.5 504.1 l 348.5 504.1 m 349.5 504.1 l 350.5 504.1 m 351.5 504.1 l 352.5 504.1 m 353.5 504.1 l 354.5 504.1 m 355.5 504.1 l 356.5 504.1 m 357.5 504.1 l 358.5 504.1 m 359.5 504.1 l 360.5 504.1 m 361.5 504.1 l 362.5 504.1 m 363.5 504.1 l 364.5 504.1 m 365.5 504.1 l 366.5 504.1 m 367.5 504.1 l 368.5 504.1 m 369.5 504.1 l 370.5 504.1 m 371.5 504.1 l 372.5 504.1 m 373.5 504.1 l 374.5 504.1 m 375.5 504.1 l 376.5 504.1 m 377.5 504.1 l 378.5 504.1 m 379.5 504.1 l 380.5 504.1 m 381.5 504.1 l 382.5 504.1 m 383.5 504.1 l 384.5 504.1 m 385.5 504.1 l 386.5 504.1 m 387.5 504.1 l 388.5 504.1 m 389.5 504.1 l 390.5 504.1 m 391.5 504.1 l 392.5 504.1 m 393.5 504.1 l 394.5 504.1 m 395.5 504.1 l 396.5 504.1 m 397.5 504.1 l 398.5 504.1 m 399.5 504.1 l 400.5 504.1 m 401.5 504.1 l 402.5 504.1 m 403.5 504.1 l 404.5 504.1 m 405.5 504.1 l 406.5 504.1 m 407.5 504.1 l 408.5 504.1 m 409.5 504.1 l 410.5 504.1 m 411.5 504.1 l 412.5 504.1 m 413.5 504.1 l 414.5 504.1 m 415.5 504.1 l 416.5 504.1 m 417.5 504.1 l 418.5 504.1 m 419.5 504.1 l 420.5 504.1 m 421.5 504.1 l 422.5 504.1 m 423.5 504.1 l 424.5 504.1 m 425.5 504.1 l 426.5 504.1 m 427.5 504.1 l 428.5 504.1 m 429.5 504.1 l 430.5 504.1 m 431.5 504.1 l 432.5 504.1 m 433.5 504.1 l 434.5 504.1 m 435.5 504.1 l 436.5 504.1 m 437.5 504.1 l 438.5 504.1 m 439.5 504.1 l 440.5 504.1 m 441.5 504.1 l 442.5 504.1 m 443.5 504.1 l 444.5 504.1 m 445.5 504.1 l 446.5 504.1 m 447.5 504.1 l 448.5 504.1 m 449.5 504.1 l 450.5 504.1 m 451.5 504.1 l 452.5 504.1 m 453.5 504.1 l 454.5 504.1 m 455.5 504.1 l 456.5 504.1 m 457.5 504.1 l 458.5 504.1 m 459.5 504.1 l 460.5 504.1 m 461.5 504.1 l 462.5 504.1 m 463.5 504.1 l 464.5 504.1 m 465.5 504.1 l 466.5 504.1 m 467.5 504.1 l 468.5 504.1 m 469.5 504.1 l 470.5 504.1 m 471.5 504.1 l 472.5 504.1 m 473.5 504.1 l 474.5 504.1 m 475.5 504.1 l 476.5 504.1 m 477.5 504.1 l 478.5 504.1 m 479.5 504.1 l 480.5 504.1 m 481.5 504.1 l 482.5 504.1 m 483.5 504.1 l 484.5 504.1 m 485.5 504.1 l 486.5 504.1 m 487.5 504.1 l 488.5 504.1 m 489.5 504.1 l 490.5 504.1 m 491.5 504.1 l 492.5 504.1 m 493.5 504.1 l 494.5 504.1 m 495.5 504.1 l 496.5 504.1 m 497.5 504.1 l 498.5 504.1 m 499.5 504.1 l 500.5 504.1 m 501.5 504.1 l 502.5 504.1 m 503.5 504.1 l 504.5 504.1 m 505.5 504.1 l 506.5 504.1 m 507.5 504.1 l 508.5 504.1 m 509.5 504.1 l 510.5 504.1 m 511.5 504.1 l 512.5 504.1 m 513.5 504.1 l 514.5 504.1 m 515.5 504.1 l 516.5 504.1 m 517.5 504.1 l 518.5 504.1 m 519.5 504.1 l 520.5 504.1 m 521.5 504.1 l 522.5 504.1 m 523.5 504.1 l 524.5 504.1 m 525.5 504.1 l 526.5 504.1 m 527.5 504.1 l 528.5 504.1 m 529.5 504.1 l 530.5 504.1 m 531.5 504.1 l 532.5 504.1 m 533.5 504.1 l 534.5 504.1 m 535.5 504.1 l 536.5 504.1 m 537.5 504.1 l 538.5 504.1 m 539.5 504.1 l 540.5 504.1 m 541.5 504.1 l 542.5 504.1 m 543.5 504.1 l 544.5 504.1 m 545.5 504.1 l 546.5 504.1 m 547.5 504.1 l 548.5 504.1 m 549.5 504.1 l 550.5 504.1 m 551.5 504.1 l 552.5 504.1 m 553.5 504.1 l 554.5 504.1 m 555.5 504.1 l 556.5 504.1 m 557.5 504.1 l 558.5 504.1 m 559.5 504.1 l 560.5 504.1 m 561.5 504.1 l 562.5 504.1 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 509.28 Td (Capitalization of Interest Expense) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 487.80 Td (We capitalize interest on capital projects, including facilities build-out projects and internal use computer software projects. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 477.00 Td (Capitalization commences with the first expenditure for the project and continues until the project is substantially complete ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 466.20 Td (and ready for its intended use. We amortize capitalized interest to depreciation expense using the straight-line method over ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 455.40 Td (the same lives as the related assets. Capitalized interest was not significant for any period presented.) Tj ET Q 50.5 419.9 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 419.9 l 52.5 419.9 m 53.5 419.9 l 54.5 419.9 m 55.5 419.9 l 56.5 419.9 m 57.5 419.9 l 58.5 419.9 m 59.5 419.9 l 60.5 419.9 m 61.5 419.9 l 62.5 419.9 m 63.5 419.9 l 64.5 419.9 m 65.5 419.9 l 66.5 419.9 m 67.5 419.9 l 68.5 419.9 m 69.5 419.9 l 70.5 419.9 m 71.5 419.9 l 72.5 419.9 m 73.5 419.9 l 74.5 419.9 m 75.5 419.9 l 76.5 419.9 m 77.5 419.9 l 78.5 419.9 m 79.5 419.9 l 80.5 419.9 m 81.5 419.9 l 82.5 419.9 m 83.5 419.9 l 84.5 419.9 m 85.5 419.9 l 86.5 419.9 m 87.5 419.9 l 88.5 419.9 m 89.5 419.9 l 90.5 419.9 m 91.5 419.9 l 92.5 419.9 m 93.5 419.9 l 94.5 419.9 m 95.5 419.9 l 96.5 419.9 m 97.5 419.9 l 98.5 419.9 m 99.5 419.9 l 100.5 419.9 m 101.5 419.9 l 102.5 419.9 m 103.5 419.9 l 104.5 419.9 m 105.5 419.9 l 106.5 419.9 m 107.5 419.9 l 108.5 419.9 m 109.5 419.9 l 110.5 419.9 m 111.5 419.9 l 112.5 419.9 m 113.5 419.9 l 114.5 419.9 m 115.5 419.9 l 116.5 419.9 m 117.5 419.9 l 118.5 419.9 m 119.5 419.9 l 120.5 419.9 m 121.5 419.9 l 122.5 419.9 m 123.5 419.9 l 124.5 419.9 m 125.5 419.9 l 126.5 419.9 m 127.5 419.9 l 128.5 419.9 m 129.5 419.9 l 130.5 419.9 m 131.5 419.9 l 132.5 419.9 m 133.5 419.9 l 134.5 419.9 m 135.5 419.9 l 136.5 419.9 m 137.5 419.9 l 138.5 419.9 m 139.5 419.9 l 140.5 419.9 m 141.5 419.9 l 142.5 419.9 m 143.5 419.9 l 144.5 419.9 m 145.5 419.9 l 146.5 419.9 m 147.5 419.9 l 148.5 419.9 m 149.5 419.9 l 150.5 419.9 m 151.5 419.9 l 152.5 419.9 m 153.5 419.9 l 154.5 419.9 m 155.5 419.9 l 156.5 419.9 m 157.5 419.9 l 158.5 419.9 m 159.5 419.9 l 160.5 419.9 m 161.5 419.9 l 162.5 419.9 m 163.5 419.9 l 164.5 419.9 m 165.5 419.9 l 166.5 419.9 m 167.5 419.9 l 168.5 419.9 m 169.5 419.9 l 170.5 419.9 m 171.5 419.9 l 172.5 419.9 m 173.5 419.9 l 174.5 419.9 m 175.5 419.9 l 176.5 419.9 m 177.5 419.9 l 178.5 419.9 m 179.5 419.9 l 180.5 419.9 m 181.5 419.9 l 182.5 419.9 m 183.5 419.9 l 184.5 419.9 m 185.5 419.9 l 186.5 419.9 m 187.5 419.9 l 188.5 419.9 m 189.5 419.9 l 190.5 419.9 m 191.5 419.9 l 192.5 419.9 m 193.5 419.9 l 194.5 419.9 m 195.5 419.9 l 196.5 419.9 m 197.5 419.9 l 198.5 419.9 m 199.5 419.9 l 200.5 419.9 m 201.5 419.9 l 202.5 419.9 m 203.5 419.9 l 204.5 419.9 m 205.5 419.9 l 206.5 419.9 m 207.5 419.9 l 208.5 419.9 m 209.5 419.9 l 210.5 419.9 m 211.5 419.9 l 212.5 419.9 m 213.5 419.9 l 214.5 419.9 m 215.5 419.9 l 216.5 419.9 m 217.5 419.9 l 218.5 419.9 m 219.5 419.9 l 220.5 419.9 m 221.5 419.9 l 222.5 419.9 m 223.5 419.9 l 224.5 419.9 m 225.5 419.9 l 226.5 419.9 m 227.5 419.9 l 228.5 419.9 m 229.5 419.9 l 230.5 419.9 m 231.5 419.9 l 232.5 419.9 m 233.5 419.9 l 234.5 419.9 m 235.5 419.9 l 236.5 419.9 m 237.5 419.9 l 238.5 419.9 m 239.5 419.9 l 240.5 419.9 m 241.5 419.9 l 242.5 419.9 m 243.5 419.9 l 244.5 419.9 m 245.5 419.9 l 246.5 419.9 m 247.5 419.9 l 248.5 419.9 m 249.5 419.9 l 250.5 419.9 m 251.5 419.9 l 252.5 419.9 m 253.5 419.9 l 254.5 419.9 m 255.5 419.9 l 256.5 419.9 m 257.5 419.9 l 258.5 419.9 m 259.5 419.9 l 260.5 419.9 m 261.5 419.9 l 262.5 419.9 m 263.5 419.9 l 264.5 419.9 m 265.5 419.9 l 266.5 419.9 m 267.5 419.9 l 268.5 419.9 m 269.5 419.9 l 270.5 419.9 m 271.5 419.9 l 272.5 419.9 m 273.5 419.9 l 274.5 419.9 m 275.5 419.9 l 276.5 419.9 m 277.5 419.9 l 278.5 419.9 m 279.5 419.9 l 280.5 419.9 m 281.5 419.9 l 282.5 419.9 m 283.5 419.9 l 284.5 419.9 m 285.5 419.9 l 286.5 419.9 m 287.5 419.9 l 288.5 419.9 m 289.5 419.9 l 290.5 419.9 m 291.5 419.9 l 292.5 419.9 m 293.5 419.9 l 294.5 419.9 m 295.5 419.9 l 296.5 419.9 m 297.5 419.9 l 298.5 419.9 m 299.5 419.9 l 300.5 419.9 m 301.5 419.9 l 302.5 419.9 m 303.5 419.9 l 304.5 419.9 m 305.5 419.9 l 306.5 419.9 m 307.5 419.9 l 308.5 419.9 m 309.5 419.9 l 310.5 419.9 m 311.5 419.9 l 312.5 419.9 m 313.5 419.9 l 314.5 419.9 m 315.5 419.9 l 316.5 419.9 m 317.5 419.9 l 318.5 419.9 m 319.5 419.9 l 320.5 419.9 m 321.5 419.9 l 322.5 419.9 m 323.5 419.9 l 324.5 419.9 m 325.5 419.9 l 326.5 419.9 m 327.5 419.9 l 328.5 419.9 m 329.5 419.9 l 330.5 419.9 m 331.5 419.9 l 332.5 419.9 m 333.5 419.9 l 334.5 419.9 m 335.5 419.9 l 336.5 419.9 m 337.5 419.9 l 338.5 419.9 m 339.5 419.9 l 340.5 419.9 m 341.5 419.9 l 342.5 419.9 m 343.5 419.9 l 344.5 419.9 m 345.5 419.9 l 346.5 419.9 m 347.5 419.9 l 348.5 419.9 m 349.5 419.9 l 350.5 419.9 m 351.5 419.9 l 352.5 419.9 m 353.5 419.9 l 354.5 419.9 m 355.5 419.9 l 356.5 419.9 m 357.5 419.9 l 358.5 419.9 m 359.5 419.9 l 360.5 419.9 m 361.5 419.9 l 362.5 419.9 m 363.5 419.9 l 364.5 419.9 m 365.5 419.9 l 366.5 419.9 m 367.5 419.9 l 368.5 419.9 m 369.5 419.9 l 370.5 419.9 m 371.5 419.9 l 372.5 419.9 m 373.5 419.9 l 374.5 419.9 m 375.5 419.9 l 376.5 419.9 m 377.5 419.9 l 378.5 419.9 m 379.5 419.9 l 380.5 419.9 m 381.5 419.9 l 382.5 419.9 m 383.5 419.9 l 384.5 419.9 m 385.5 419.9 l 386.5 419.9 m 387.5 419.9 l 388.5 419.9 m 389.5 419.9 l 390.5 419.9 m 391.5 419.9 l 392.5 419.9 m 393.5 419.9 l 394.5 419.9 m 395.5 419.9 l 396.5 419.9 m 397.5 419.9 l 398.5 419.9 m 399.5 419.9 l 400.5 419.9 m 401.5 419.9 l 402.5 419.9 m 403.5 419.9 l 404.5 419.9 m 405.5 419.9 l 406.5 419.9 m 407.5 419.9 l 408.5 419.9 m 409.5 419.9 l 410.5 419.9 m 411.5 419.9 l 412.5 419.9 m 413.5 419.9 l 414.5 419.9 m 415.5 419.9 l 416.5 419.9 m 417.5 419.9 l 418.5 419.9 m 419.5 419.9 l 420.5 419.9 m 421.5 419.9 l 422.5 419.9 m 423.5 419.9 l 424.5 419.9 m 425.5 419.9 l 426.5 419.9 m 427.5 419.9 l 428.5 419.9 m 429.5 419.9 l 430.5 419.9 m 431.5 419.9 l 432.5 419.9 m 433.5 419.9 l 434.5 419.9 m 435.5 419.9 l 436.5 419.9 m 437.5 419.9 l 438.5 419.9 m 439.5 419.9 l 440.5 419.9 m 441.5 419.9 l 442.5 419.9 m 443.5 419.9 l 444.5 419.9 m 445.5 419.9 l 446.5 419.9 m 447.5 419.9 l 448.5 419.9 m 449.5 419.9 l 450.5 419.9 m 451.5 419.9 l 452.5 419.9 m 453.5 419.9 l 454.5 419.9 m 455.5 419.9 l 456.5 419.9 m 457.5 419.9 l 458.5 419.9 m 459.5 419.9 l 460.5 419.9 m 461.5 419.9 l 462.5 419.9 m 463.5 419.9 l 464.5 419.9 m 465.5 419.9 l 466.5 419.9 m 467.5 419.9 l 468.5 419.9 m 469.5 419.9 l 470.5 419.9 m 471.5 419.9 l 472.5 419.9 m 473.5 419.9 l 474.5 419.9 m 475.5 419.9 l 476.5 419.9 m 477.5 419.9 l 478.5 419.9 m 479.5 419.9 l 480.5 419.9 m 481.5 419.9 l 482.5 419.9 m 483.5 419.9 l 484.5 419.9 m 485.5 419.9 l 486.5 419.9 m 487.5 419.9 l 488.5 419.9 m 489.5 419.9 l 490.5 419.9 m 491.5 419.9 l 492.5 419.9 m 493.5 419.9 l 494.5 419.9 m 495.5 419.9 l 496.5 419.9 m 497.5 419.9 l 498.5 419.9 m 499.5 419.9 l 500.5 419.9 m 501.5 419.9 l 502.5 419.9 m 503.5 419.9 l 504.5 419.9 m 505.5 419.9 l 506.5 419.9 m 507.5 419.9 l 508.5 419.9 m 509.5 419.9 l 510.5 419.9 m 511.5 419.9 l 512.5 419.9 m 513.5 419.9 l 514.5 419.9 m 515.5 419.9 l 516.5 419.9 m 517.5 419.9 l 518.5 419.9 m 519.5 419.9 l 520.5 419.9 m 521.5 419.9 l 522.5 419.9 m 523.5 419.9 l 524.5 419.9 m 525.5 419.9 l 526.5 419.9 m 527.5 419.9 l 528.5 419.9 m 529.5 419.9 l 530.5 419.9 m 531.5 419.9 l 532.5 419.9 m 533.5 419.9 l 534.5 419.9 m 535.5 419.9 l 536.5 419.9 m 537.5 419.9 l 538.5 419.9 m 539.5 419.9 l 540.5 419.9 m 541.5 419.9 l 542.5 419.9 m 543.5 419.9 l 544.5 419.9 m 545.5 419.9 l 546.5 419.9 m 547.5 419.9 l 548.5 419.9 m 549.5 419.9 l 550.5 419.9 m 551.5 419.9 l 552.5 419.9 m 553.5 419.9 l 554.5 419.9 m 555.5 419.9 l 556.5 419.9 m 557.5 419.9 l 558.5 419.9 m 559.5 419.9 l 560.5 419.9 m 561.5 419.9 l 562.5 419.9 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 425.08 Td (Foreign Currency) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 403.60 Td (The functional currencies of our international operating subsidiaries are generally the local currencies. We translate the assets ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 392.80 Td (and liabilities of our foreign subsidiaries at the exchange rates in effect on the balance sheet date. We translate their revenue, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 382.00 Td (costs and expenses at the average rates of exchange in effect during the period. We include translation gains and losses in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 371.20 Td (stockholders equity section of our balance sheets. We include net gains and losses resulting from foreign exchange ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 360.40 Td (transactions in interest and other income in our statements of operations. Translation gains and losses and transaction gains ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 349.60 Td (and losses were not significant for any period presented. ) Tj ET Q 50.5 314.1 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 314.1 l 52.5 314.1 m 53.5 314.1 l 54.5 314.1 m 55.5 314.1 l 56.5 314.1 m 57.5 314.1 l 58.5 314.1 m 59.5 314.1 l 60.5 314.1 m 61.5 314.1 l 62.5 314.1 m 63.5 314.1 l 64.5 314.1 m 65.5 314.1 l 66.5 314.1 m 67.5 314.1 l 68.5 314.1 m 69.5 314.1 l 70.5 314.1 m 71.5 314.1 l 72.5 314.1 m 73.5 314.1 l 74.5 314.1 m 75.5 314.1 l 76.5 314.1 m 77.5 314.1 l 78.5 314.1 m 79.5 314.1 l 80.5 314.1 m 81.5 314.1 l 82.5 314.1 m 83.5 314.1 l 84.5 314.1 m 85.5 314.1 l 86.5 314.1 m 87.5 314.1 l 88.5 314.1 m 89.5 314.1 l 90.5 314.1 m 91.5 314.1 l 92.5 314.1 m 93.5 314.1 l 94.5 314.1 m 95.5 314.1 l 96.5 314.1 m 97.5 314.1 l 98.5 314.1 m 99.5 314.1 l 100.5 314.1 m 101.5 314.1 l 102.5 314.1 m 103.5 314.1 l 104.5 314.1 m 105.5 314.1 l 106.5 314.1 m 107.5 314.1 l 108.5 314.1 m 109.5 314.1 l 110.5 314.1 m 111.5 314.1 l 112.5 314.1 m 113.5 314.1 l 114.5 314.1 m 115.5 314.1 l 116.5 314.1 m 117.5 314.1 l 118.5 314.1 m 119.5 314.1 l 120.5 314.1 m 121.5 314.1 l 122.5 314.1 m 123.5 314.1 l 124.5 314.1 m 125.5 314.1 l 126.5 314.1 m 127.5 314.1 l 128.5 314.1 m 129.5 314.1 l 130.5 314.1 m 131.5 314.1 l 132.5 314.1 m 133.5 314.1 l 134.5 314.1 m 135.5 314.1 l 136.5 314.1 m 137.5 314.1 l 138.5 314.1 m 139.5 314.1 l 140.5 314.1 m 141.5 314.1 l 142.5 314.1 m 143.5 314.1 l 144.5 314.1 m 145.5 314.1 l 146.5 314.1 m 147.5 314.1 l 148.5 314.1 m 149.5 314.1 l 150.5 314.1 m 151.5 314.1 l 152.5 314.1 m 153.5 314.1 l 154.5 314.1 m 155.5 314.1 l 156.5 314.1 m 157.5 314.1 l 158.5 314.1 m 159.5 314.1 l 160.5 314.1 m 161.5 314.1 l 162.5 314.1 m 163.5 314.1 l 164.5 314.1 m 165.5 314.1 l 166.5 314.1 m 167.5 314.1 l 168.5 314.1 m 169.5 314.1 l 170.5 314.1 m 171.5 314.1 l 172.5 314.1 m 173.5 314.1 l 174.5 314.1 m 175.5 314.1 l 176.5 314.1 m 177.5 314.1 l 178.5 314.1 m 179.5 314.1 l 180.5 314.1 m 181.5 314.1 l 182.5 314.1 m 183.5 314.1 l 184.5 314.1 m 185.5 314.1 l 186.5 314.1 m 187.5 314.1 l 188.5 314.1 m 189.5 314.1 l 190.5 314.1 m 191.5 314.1 l 192.5 314.1 m 193.5 314.1 l 194.5 314.1 m 195.5 314.1 l 196.5 314.1 m 197.5 314.1 l 198.5 314.1 m 199.5 314.1 l 200.5 314.1 m 201.5 314.1 l 202.5 314.1 m 203.5 314.1 l 204.5 314.1 m 205.5 314.1 l 206.5 314.1 m 207.5 314.1 l 208.5 314.1 m 209.5 314.1 l 210.5 314.1 m 211.5 314.1 l 212.5 314.1 m 213.5 314.1 l 214.5 314.1 m 215.5 314.1 l 216.5 314.1 m 217.5 314.1 l 218.5 314.1 m 219.5 314.1 l 220.5 314.1 m 221.5 314.1 l 222.5 314.1 m 223.5 314.1 l 224.5 314.1 m 225.5 314.1 l 226.5 314.1 m 227.5 314.1 l 228.5 314.1 m 229.5 314.1 l 230.5 314.1 m 231.5 314.1 l 232.5 314.1 m 233.5 314.1 l 234.5 314.1 m 235.5 314.1 l 236.5 314.1 m 237.5 314.1 l 238.5 314.1 m 239.5 314.1 l 240.5 314.1 m 241.5 314.1 l 242.5 314.1 m 243.5 314.1 l 244.5 314.1 m 245.5 314.1 l 246.5 314.1 m 247.5 314.1 l 248.5 314.1 m 249.5 314.1 l 250.5 314.1 m 251.5 314.1 l 252.5 314.1 m 253.5 314.1 l 254.5 314.1 m 255.5 314.1 l 256.5 314.1 m 257.5 314.1 l 258.5 314.1 m 259.5 314.1 l 260.5 314.1 m 261.5 314.1 l 262.5 314.1 m 263.5 314.1 l 264.5 314.1 m 265.5 314.1 l 266.5 314.1 m 267.5 314.1 l 268.5 314.1 m 269.5 314.1 l 270.5 314.1 m 271.5 314.1 l 272.5 314.1 m 273.5 314.1 l 274.5 314.1 m 275.5 314.1 l 276.5 314.1 m 277.5 314.1 l 278.5 314.1 m 279.5 314.1 l 280.5 314.1 m 281.5 314.1 l 282.5 314.1 m 283.5 314.1 l 284.5 314.1 m 285.5 314.1 l 286.5 314.1 m 287.5 314.1 l 288.5 314.1 m 289.5 314.1 l 290.5 314.1 m 291.5 314.1 l 292.5 314.1 m 293.5 314.1 l 294.5 314.1 m 295.5 314.1 l 296.5 314.1 m 297.5 314.1 l 298.5 314.1 m 299.5 314.1 l 300.5 314.1 m 301.5 314.1 l 302.5 314.1 m 303.5 314.1 l 304.5 314.1 m 305.5 314.1 l 306.5 314.1 m 307.5 314.1 l 308.5 314.1 m 309.5 314.1 l 310.5 314.1 m 311.5 314.1 l 312.5 314.1 m 313.5 314.1 l 314.5 314.1 m 315.5 314.1 l 316.5 314.1 m 317.5 314.1 l 318.5 314.1 m 319.5 314.1 l 320.5 314.1 m 321.5 314.1 l 322.5 314.1 m 323.5 314.1 l 324.5 314.1 m 325.5 314.1 l 326.5 314.1 m 327.5 314.1 l 328.5 314.1 m 329.5 314.1 l 330.5 314.1 m 331.5 314.1 l 332.5 314.1 m 333.5 314.1 l 334.5 314.1 m 335.5 314.1 l 336.5 314.1 m 337.5 314.1 l 338.5 314.1 m 339.5 314.1 l 340.5 314.1 m 341.5 314.1 l 342.5 314.1 m 343.5 314.1 l 344.5 314.1 m 345.5 314.1 l 346.5 314.1 m 347.5 314.1 l 348.5 314.1 m 349.5 314.1 l 350.5 314.1 m 351.5 314.1 l 352.5 314.1 m 353.5 314.1 l 354.5 314.1 m 355.5 314.1 l 356.5 314.1 m 357.5 314.1 l 358.5 314.1 m 359.5 314.1 l 360.5 314.1 m 361.5 314.1 l 362.5 314.1 m 363.5 314.1 l 364.5 314.1 m 365.5 314.1 l 366.5 314.1 m 367.5 314.1 l 368.5 314.1 m 369.5 314.1 l 370.5 314.1 m 371.5 314.1 l 372.5 314.1 m 373.5 314.1 l 374.5 314.1 m 375.5 314.1 l 376.5 314.1 m 377.5 314.1 l 378.5 314.1 m 379.5 314.1 l 380.5 314.1 m 381.5 314.1 l 382.5 314.1 m 383.5 314.1 l 384.5 314.1 m 385.5 314.1 l 386.5 314.1 m 387.5 314.1 l 388.5 314.1 m 389.5 314.1 l 390.5 314.1 m 391.5 314.1 l 392.5 314.1 m 393.5 314.1 l 394.5 314.1 m 395.5 314.1 l 396.5 314.1 m 397.5 314.1 l 398.5 314.1 m 399.5 314.1 l 400.5 314.1 m 401.5 314.1 l 402.5 314.1 m 403.5 314.1 l 404.5 314.1 m 405.5 314.1 l 406.5 314.1 m 407.5 314.1 l 408.5 314.1 m 409.5 314.1 l 410.5 314.1 m 411.5 314.1 l 412.5 314.1 m 413.5 314.1 l 414.5 314.1 m 415.5 314.1 l 416.5 314.1 m 417.5 314.1 l 418.5 314.1 m 419.5 314.1 l 420.5 314.1 m 421.5 314.1 l 422.5 314.1 m 423.5 314.1 l 424.5 314.1 m 425.5 314.1 l 426.5 314.1 m 427.5 314.1 l 428.5 314.1 m 429.5 314.1 l 430.5 314.1 m 431.5 314.1 l 432.5 314.1 m 433.5 314.1 l 434.5 314.1 m 435.5 314.1 l 436.5 314.1 m 437.5 314.1 l 438.5 314.1 m 439.5 314.1 l 440.5 314.1 m 441.5 314.1 l 442.5 314.1 m 443.5 314.1 l 444.5 314.1 m 445.5 314.1 l 446.5 314.1 m 447.5 314.1 l 448.5 314.1 m 449.5 314.1 l 450.5 314.1 m 451.5 314.1 l 452.5 314.1 m 453.5 314.1 l 454.5 314.1 m 455.5 314.1 l 456.5 314.1 m 457.5 314.1 l 458.5 314.1 m 459.5 314.1 l 460.5 314.1 m 461.5 314.1 l 462.5 314.1 m 463.5 314.1 l 464.5 314.1 m 465.5 314.1 l 466.5 314.1 m 467.5 314.1 l 468.5 314.1 m 469.5 314.1 l 470.5 314.1 m 471.5 314.1 l 472.5 314.1 m 473.5 314.1 l 474.5 314.1 m 475.5 314.1 l 476.5 314.1 m 477.5 314.1 l 478.5 314.1 m 479.5 314.1 l 480.5 314.1 m 481.5 314.1 l 482.5 314.1 m 483.5 314.1 l 484.5 314.1 m 485.5 314.1 l 486.5 314.1 m 487.5 314.1 l 488.5 314.1 m 489.5 314.1 l 490.5 314.1 m 491.5 314.1 l 492.5 314.1 m 493.5 314.1 l 494.5 314.1 m 495.5 314.1 l 496.5 314.1 m 497.5 314.1 l 498.5 314.1 m 499.5 314.1 l 500.5 314.1 m 501.5 314.1 l 502.5 314.1 m 503.5 314.1 l 504.5 314.1 m 505.5 314.1 l 506.5 314.1 m 507.5 314.1 l 508.5 314.1 m 509.5 314.1 l 510.5 314.1 m 511.5 314.1 l 512.5 314.1 m 513.5 314.1 l 514.5 314.1 m 515.5 314.1 l 516.5 314.1 m 517.5 314.1 l 518.5 314.1 m 519.5 314.1 l 520.5 314.1 m 521.5 314.1 l 522.5 314.1 m 523.5 314.1 l 524.5 314.1 m 525.5 314.1 l 526.5 314.1 m 527.5 314.1 l 528.5 314.1 m 529.5 314.1 l 530.5 314.1 m 531.5 314.1 l 532.5 314.1 m 533.5 314.1 l 534.5 314.1 m 535.5 314.1 l 536.5 314.1 m 537.5 314.1 l 538.5 314.1 m 539.5 314.1 l 540.5 314.1 m 541.5 314.1 l 542.5 314.1 m 543.5 314.1 l 544.5 314.1 m 545.5 314.1 l 546.5 314.1 m 547.5 314.1 l 548.5 314.1 m 549.5 314.1 l 550.5 314.1 m 551.5 314.1 l 552.5 314.1 m 553.5 314.1 l 554.5 314.1 m 555.5 314.1 l 556.5 314.1 m 557.5 314.1 l 558.5 314.1 m 559.5 314.1 l 560.5 314.1 m 561.5 314.1 l 562.5 314.1 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 319.28 Td (Income Taxes) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 297.80 Td (We estimate our income taxes based on the various jurisdictions where we conduct business. Significant judgment is required ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 287.00 Td (in determining our worldwide income tax provision. We estimate our current tax liability and assess temporary differences that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 276.20 Td (result from differing treatments of certain items for tax and accounting purposes. These differences result in deferred tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 265.40 Td (assets and liabilities, which we show on our balance sheet. We must then assess the likelihood that our deferred tax assets will ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 254.60 Td (be realized. To the extent we believe that realization is not likely, we establish a valuation allowance. When we establish a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 243.80 Td (valuation allowance or increase this allowance in an accounting period, we record a corresponding income tax expense in our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 233.00 Td (statement of operations.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 216.20 Td (We review the need for a valuation allowance to reflect uncertainties about whether we will be able to utilize some of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 205.40 Td (deferred tax assets before they expire. The valuation allowance analysis is based on our estimates of taxable income for the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 194.60 Td (jurisdictions in which we operate and the periods over which our deferred tax assets will be realizable. While we have ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 183.80 Td (considered future taxable income in assessing the need for a valuation allowance for the periods presented, we could be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 173.00 Td (required to record a valuation allowance to take into account additional deferred tax assets that we may be unable to realize. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 162.20 Td (An increase in the valuation allowance would have an adverse impact, which could be material, on our income tax provision ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 151.45 Td (and net income in the period in which we record the increase.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 134.65 Td (We recognize and measure benefits for uncertain tax positions using a two-step approach. The first step is to evaluate the tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 123.85 Td (position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 113.05 Td (more likely than not that the tax position will be sustained upon audit, including resolution of any related appeals or litigation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 102.25 Td (processes. For tax positions that are more likely than not of being sustained upon audit, the second step is to measure the tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 91.45 Td (benefit as the largest amount that is more than ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 241.95 91.45 Td (50%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 259.46 91.45 Td ( likely of being realized upon settlement. Significant judgment is required ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 80.65 Td (to evaluate uncertain tax positions. We evaluate our uncertain tax positions on a quarterly basis. Our evaluations are based ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 69.85 Td (upon a number of factors, including changes in facts or circumstances, changes in tax law, correspondence with tax authorities ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 59.05 Td (during the course of audits and effective settlement of audit issues. Changes in the recognition or measurement of uncertain ) Tj ET Q endstream endobj 125 0 obj <>] /Rotate 0 /Contents 126 0 R>> endobj 126 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (61 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (tax positions could result in material increases or decreases in our income tax expense in the period in which we make the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (change, which could have a material impact on our effective tax rate and operating results.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 714.60 Td (A description of our accounting policies associated with tax-related contingencies and valuation allowances assumed as part of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 703.80 Td (a business combination is provided under ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 220.24 703.80 Td (Business Combinations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 322.63 703.80 Td ( below.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 687.00 Td (The Tax Cuts and Jobs Act significantly changes existing U.S. tax law and includes numerous provisions that affect our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 676.20 Td (business. See Note 10, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 144.72 676.20 Td (Income Taxes,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 210.95 676.20 Td ( for more information.) 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640.7 m 119.5 640.7 l 120.5 640.7 m 121.5 640.7 l 122.5 640.7 m 123.5 640.7 l 124.5 640.7 m 125.5 640.7 l 126.5 640.7 m 127.5 640.7 l 128.5 640.7 m 129.5 640.7 l 130.5 640.7 m 131.5 640.7 l 132.5 640.7 m 133.5 640.7 l 134.5 640.7 m 135.5 640.7 l 136.5 640.7 m 137.5 640.7 l 138.5 640.7 m 139.5 640.7 l 140.5 640.7 m 141.5 640.7 l 142.5 640.7 m 143.5 640.7 l 144.5 640.7 m 145.5 640.7 l 146.5 640.7 m 147.5 640.7 l 148.5 640.7 m 149.5 640.7 l 150.5 640.7 m 151.5 640.7 l 152.5 640.7 m 153.5 640.7 l 154.5 640.7 m 155.5 640.7 l 156.5 640.7 m 157.5 640.7 l 158.5 640.7 m 159.5 640.7 l 160.5 640.7 m 161.5 640.7 l 162.5 640.7 m 163.5 640.7 l 164.5 640.7 m 165.5 640.7 l 166.5 640.7 m 167.5 640.7 l 168.5 640.7 m 169.5 640.7 l 170.5 640.7 m 171.5 640.7 l 172.5 640.7 m 173.5 640.7 l 174.5 640.7 m 175.5 640.7 l 176.5 640.7 m 177.5 640.7 l 178.5 640.7 m 179.5 640.7 l 180.5 640.7 m 181.5 640.7 l 182.5 640.7 m 183.5 640.7 l 184.5 640.7 m 185.5 640.7 l 186.5 640.7 m 187.5 640.7 l 188.5 640.7 m 189.5 640.7 l 190.5 640.7 m 191.5 640.7 l 192.5 640.7 m 193.5 640.7 l 194.5 640.7 m 195.5 640.7 l 196.5 640.7 m 197.5 640.7 l 198.5 640.7 m 199.5 640.7 l 200.5 640.7 m 201.5 640.7 l 202.5 640.7 m 203.5 640.7 l 204.5 640.7 m 205.5 640.7 l 206.5 640.7 m 207.5 640.7 l 208.5 640.7 m 209.5 640.7 l 210.5 640.7 m 211.5 640.7 l 212.5 640.7 m 213.5 640.7 l 214.5 640.7 m 215.5 640.7 l 216.5 640.7 m 217.5 640.7 l 218.5 640.7 m 219.5 640.7 l 220.5 640.7 m 221.5 640.7 l 222.5 640.7 m 223.5 640.7 l 224.5 640.7 m 225.5 640.7 l 226.5 640.7 m 227.5 640.7 l 228.5 640.7 m 229.5 640.7 l 230.5 640.7 m 231.5 640.7 l 232.5 640.7 m 233.5 640.7 l 234.5 640.7 m 235.5 640.7 l 236.5 640.7 m 237.5 640.7 l 238.5 640.7 m 239.5 640.7 l 240.5 640.7 m 241.5 640.7 l 242.5 640.7 m 243.5 640.7 l 244.5 640.7 m 245.5 640.7 l 246.5 640.7 m 247.5 640.7 l 248.5 640.7 m 249.5 640.7 l 250.5 640.7 m 251.5 640.7 l 252.5 640.7 m 253.5 640.7 l 254.5 640.7 m 255.5 640.7 l 256.5 640.7 m 257.5 640.7 l 258.5 640.7 m 259.5 640.7 l 260.5 640.7 m 261.5 640.7 l 262.5 640.7 m 263.5 640.7 l 264.5 640.7 m 265.5 640.7 l 266.5 640.7 m 267.5 640.7 l 268.5 640.7 m 269.5 640.7 l 270.5 640.7 m 271.5 640.7 l 272.5 640.7 m 273.5 640.7 l 274.5 640.7 m 275.5 640.7 l 276.5 640.7 m 277.5 640.7 l 278.5 640.7 m 279.5 640.7 l 280.5 640.7 m 281.5 640.7 l 282.5 640.7 m 283.5 640.7 l 284.5 640.7 m 285.5 640.7 l 286.5 640.7 m 287.5 640.7 l 288.5 640.7 m 289.5 640.7 l 290.5 640.7 m 291.5 640.7 l 292.5 640.7 m 293.5 640.7 l 294.5 640.7 m 295.5 640.7 l 296.5 640.7 m 297.5 640.7 l 298.5 640.7 m 299.5 640.7 l 300.5 640.7 m 301.5 640.7 l 302.5 640.7 m 303.5 640.7 l 304.5 640.7 m 305.5 640.7 l 306.5 640.7 m 307.5 640.7 l 308.5 640.7 m 309.5 640.7 l 310.5 640.7 m 311.5 640.7 l 312.5 640.7 m 313.5 640.7 l 314.5 640.7 m 315.5 640.7 l 316.5 640.7 m 317.5 640.7 l 318.5 640.7 m 319.5 640.7 l 320.5 640.7 m 321.5 640.7 l 322.5 640.7 m 323.5 640.7 l 324.5 640.7 m 325.5 640.7 l 326.5 640.7 m 327.5 640.7 l 328.5 640.7 m 329.5 640.7 l 330.5 640.7 m 331.5 640.7 l 332.5 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l 404.5 640.7 m 405.5 640.7 l 406.5 640.7 m 407.5 640.7 l 408.5 640.7 m 409.5 640.7 l 410.5 640.7 m 411.5 640.7 l 412.5 640.7 m 413.5 640.7 l 414.5 640.7 m 415.5 640.7 l 416.5 640.7 m 417.5 640.7 l 418.5 640.7 m 419.5 640.7 l 420.5 640.7 m 421.5 640.7 l 422.5 640.7 m 423.5 640.7 l 424.5 640.7 m 425.5 640.7 l 426.5 640.7 m 427.5 640.7 l 428.5 640.7 m 429.5 640.7 l 430.5 640.7 m 431.5 640.7 l 432.5 640.7 m 433.5 640.7 l 434.5 640.7 m 435.5 640.7 l 436.5 640.7 m 437.5 640.7 l 438.5 640.7 m 439.5 640.7 l 440.5 640.7 m 441.5 640.7 l 442.5 640.7 m 443.5 640.7 l 444.5 640.7 m 445.5 640.7 l 446.5 640.7 m 447.5 640.7 l 448.5 640.7 m 449.5 640.7 l 450.5 640.7 m 451.5 640.7 l 452.5 640.7 m 453.5 640.7 l 454.5 640.7 m 455.5 640.7 l 456.5 640.7 m 457.5 640.7 l 458.5 640.7 m 459.5 640.7 l 460.5 640.7 m 461.5 640.7 l 462.5 640.7 m 463.5 640.7 l 464.5 640.7 m 465.5 640.7 l 466.5 640.7 m 467.5 640.7 l 468.5 640.7 m 469.5 640.7 l 470.5 640.7 m 471.5 640.7 l 472.5 640.7 m 473.5 640.7 l 474.5 640.7 m 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640.7 m 547.5 640.7 l 548.5 640.7 m 549.5 640.7 l 550.5 640.7 m 551.5 640.7 l 552.5 640.7 m 553.5 640.7 l 554.5 640.7 m 555.5 640.7 l 556.5 640.7 m 557.5 640.7 l 558.5 640.7 m 559.5 640.7 l 560.5 640.7 m 561.5 640.7 l 562.5 640.7 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 645.88 Td (Computation of Net Income \(Loss\) Per Share) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 624.40 Td (We compute basic net income or loss per share using the weighted average number of common shares outstanding during ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 613.60 Td (the period. We compute diluted net income per share using the weighted average number of common shares and dilutive ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 602.80 Td (potential common shares outstanding during the period. Dilutive potential common shares consist of the shares issuable upon ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 592.00 Td (the exercise of stock options and upon the vesting of restricted stock units \(RSUs\) under the treasury stock method.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 575.20 Td (We include stock options with combined exercise prices and unrecognized compensation expense that are less than the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 564.40 Td (average market price for our common stock, and RSUs with unrecognized compensation expense that is less than the average ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 553.60 Td (market price for our common stock, in the calculation of diluted net income per share. We exclude stock options with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 542.80 Td (combined exercise prices and unrecognized compensation expense that are greater than the average market price for our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 532.00 Td (common stock, and RSUs with unrecognized compensation expense that is greater than the average market price for our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 521.20 Td (common stock, from the calculation of diluted net income per share because their effect is anti-dilutive. Under the treasury ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 510.40 Td (stock method, the amount that must be paid to exercise stock options and the amount of compensation expense for future ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 499.60 Td (service that we have not yet recognized for stock options and RSUs are assumed to be used to repurchase shares. Prior to our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 488.80 Td (adoption of ASU 2016-09 in the first quarter of fiscal 2017, we included tax benefits in assessing whether equity awards were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 478.00 Td (dilutive and in our calculations of weighted average dilutive shares under the treasury stock method.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 461.20 Td (All of the RSUs we grant have dividend rights. Dividend rights are accumulated and paid when the underlying RSUs vest. Since ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 450.40 Td (the dividend rights are subject to the same vesting requirements as the underlying equity awards they are considered a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 439.60 Td (contingent transfer of value. Consequently, the RSUs are not considered participating securities and we do not present them ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 428.80 Td (separately in earnings per share. ) Tj ET Q endstream endobj 127 0 obj <>] /Rotate 0 /Contents 128 0 R>> endobj 128 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (62 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (The following table presents the composition of shares used in the computation of basic and diluted net income per share for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (the periods indicated.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 708.90 50.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 696.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 682.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 668.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 654.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 640.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 626.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 612.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 598.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 584.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 570.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 555.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 541.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 527.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 513.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 499.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 485.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 471.90 50.00 -18.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 453.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 439.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 425.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 411.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 397.90 50.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 708.9 m 445.5 708.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 708.9 m 453.5 708.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 708.9 m 503.5 708.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 708.9 m 511.5 708.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 708.9 m 561.5 708.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 696.9 m 445.5 696.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 696.9 m 503.5 696.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 696.9 m 561.5 696.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 654.9 m 445.5 654.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 654.9 m 503.5 654.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 654.9 m 561.5 654.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 641.9 m 445.5 641.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 639.9 m 445.5 639.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 641.9 m 503.5 641.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 639.9 m 503.5 639.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 641.9 m 561.5 641.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 639.9 m 561.5 639.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 599.9 m 445.5 599.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 597.9 m 445.5 597.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 599.9 m 503.5 599.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 597.9 m 503.5 597.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 599.9 m 561.5 599.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 597.9 m 561.5 597.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 555.9 m 445.5 555.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 555.9 m 503.5 555.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 555.9 m 561.5 555.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 542.9 m 445.5 542.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 540.9 m 445.5 540.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 542.9 m 503.5 542.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 540.9 m 503.5 540.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 542.9 m 561.5 542.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 540.9 m 561.5 540.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 485.9 m 445.5 485.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 485.9 m 503.5 485.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 485.9 m 561.5 485.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 472.9 m 445.5 472.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 470.9 m 445.5 470.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 472.9 m 503.5 472.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 470.9 m 503.5 470.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 472.9 m 561.5 472.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 470.9 m 561.5 470.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 439.9 m 445.5 439.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 426.9 m 445.5 426.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 424.9 m 445.5 424.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 439.9 m 503.5 439.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 426.9 m 503.5 426.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 424.9 m 503.5 424.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 439.9 m 561.5 439.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 426.9 m 561.5 426.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 424.9 m 561.5 424.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 375.9 m 445.5 375.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 373.9 m 445.5 373.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 375.9 m 503.5 375.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 373.9 m 503.5 373.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 375.9 m 561.5 375.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 373.9 m 561.5 373.9 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 712.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.00 712.35 Td (Twelve Months Ended July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 700.35 Td (\(In millions, except per share amounts\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 410.50 700.35 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 468.50 700.35 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 700.35 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 687.60 Td (Numerator:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.00 687.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 687.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 673.60 Td (Net income from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 673.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 673.60 Td (1,211) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 673.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.40 673.60 Td (971) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 673.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 673.60 Td (806) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 659.60 Td (Net income from discontinued operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 433.45 659.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 491.45 659.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 659.60 Td (173) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 645.60 Td (Net income) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 645.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 645.60 Td (1,211) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 645.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.40 645.60 Td (971) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 645.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 645.60 Td (979) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 631.60 Td (Denominator:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 631.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 631.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 631.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 617.60 Td (Shares used in basic per share amounts:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 617.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 617.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 617.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 603.60 Td (Weighted average common shares outstanding) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 603.60 Td (256) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.40 603.60 Td (257) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 603.60 Td (262) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 589.60 Td (Shares used in diluted per share amounts:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 589.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 589.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 589.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 575.60 Td (Weighted average common shares outstanding) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 575.60 Td (256) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.40 575.60 Td (257) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 575.60 Td (262) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 560.60 Td (Dilutive common equivalent shares from stock options and restricted stock awards) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 437.40 560.60 Td (5) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 495.40 560.60 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.40 560.60 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 546.60 Td (Dilutive weighted average common shares outstanding) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 546.60 Td (261) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.40 546.60 Td (261) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 546.60 Td (265) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 518.60 Td (Basic and diluted net income per share:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 518.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 518.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 518.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 504.60 Td (Basic net income per share from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 504.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 424.90 504.60 Td (4.72) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 504.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.90 504.60 Td (3.78) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 504.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 504.60 Td (3.08) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 490.60 Td (Basic net income per share from discontinued operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 433.45 490.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 491.45 490.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 490.60 Td (0.65) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 476.60 Td (Basic net income per share) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 476.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 424.90 476.60 Td (4.72) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 476.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.90 476.60 Td (3.78) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 476.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 476.60 Td (3.73) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 458.60 Td (Diluted net income per share from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 458.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 424.90 458.60 Td (4.64) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 458.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.90 458.60 Td (3.72) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 458.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 458.60 Td (3.04) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 444.60 Td (Diluted net income per share from discontinued operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 433.45 444.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 491.45 444.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 444.60 Td (0.65) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 430.60 Td (Diluted net income per share) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 430.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 424.90 430.60 Td (4.64) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 430.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.90 430.60 Td (3.72) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 430.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 430.60 Td (3.69) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 402.60 Td (Shares excluded from diluted net income per share:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 388.60 Td (Weighted average stock options and restricted stock units that have been excluded) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 379.60 Td (from dilutive common equivalent shares outstanding due to their anti-dilutive effect) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 433.45 379.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 495.40 379.60 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.40 379.60 Td (2) Tj ET Q BT /F1 10.00 Tf ET 50.5 336.9 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 336.9 l 52.5 336.9 m 53.5 336.9 l 54.5 336.9 m 55.5 336.9 l 56.5 336.9 m 57.5 336.9 l 58.5 336.9 m 59.5 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m 205.5 336.9 l 206.5 336.9 m 207.5 336.9 l 208.5 336.9 m 209.5 336.9 l 210.5 336.9 m 211.5 336.9 l 212.5 336.9 m 213.5 336.9 l 214.5 336.9 m 215.5 336.9 l 216.5 336.9 m 217.5 336.9 l 218.5 336.9 m 219.5 336.9 l 220.5 336.9 m 221.5 336.9 l 222.5 336.9 m 223.5 336.9 l 224.5 336.9 m 225.5 336.9 l 226.5 336.9 m 227.5 336.9 l 228.5 336.9 m 229.5 336.9 l 230.5 336.9 m 231.5 336.9 l 232.5 336.9 m 233.5 336.9 l 234.5 336.9 m 235.5 336.9 l 236.5 336.9 m 237.5 336.9 l 238.5 336.9 m 239.5 336.9 l 240.5 336.9 m 241.5 336.9 l 242.5 336.9 m 243.5 336.9 l 244.5 336.9 m 245.5 336.9 l 246.5 336.9 m 247.5 336.9 l 248.5 336.9 m 249.5 336.9 l 250.5 336.9 m 251.5 336.9 l 252.5 336.9 m 253.5 336.9 l 254.5 336.9 m 255.5 336.9 l 256.5 336.9 m 257.5 336.9 l 258.5 336.9 m 259.5 336.9 l 260.5 336.9 m 261.5 336.9 l 262.5 336.9 m 263.5 336.9 l 264.5 336.9 m 265.5 336.9 l 266.5 336.9 m 267.5 336.9 l 268.5 336.9 m 269.5 336.9 l 270.5 336.9 m 271.5 336.9 l 272.5 336.9 m 273.5 336.9 l 274.5 336.9 m 275.5 336.9 l 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336.9 l 562.5 336.9 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 342.08 Td (Cash Equivalents and Investments) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 320.60 Td (We consider highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents. In ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 309.80 Td (all periods presented, cash equivalents consist primarily of money market funds and saving deposit accounts, and investments ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 299.00 Td (consist primarily of available-for-sale investment-grade debt securities. Except for direct obligations of the United States ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 288.20 Td (government, securities issued by agencies of the United States government, and money market funds, we diversify our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 277.40 Td (investments by limiting our holdings with any individual issuer.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 260.60 Td (We use the specific identification method to compute gains and losses on investments. We record unrealized gains and losses ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 249.80 Td (on investments, net of tax, in accumulated other comprehensive income in the stockholders equity section of our balance ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 239.00 Td (sheets and reflect unrealized gain and loss activity in other comprehensive income on our statement of comprehensive ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 228.20 Td (income. We generally classify available-for-sale debt securities as current assets based upon our ability and intent to use any ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 217.40 Td (and all of these securities as necessary to satisfy the significant short-term liquidity requirements that may arise from the highly ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 206.60 Td (seasonal nature of our businesses. 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149.5 m 547.5 149.5 l 548.5 149.5 m 549.5 149.5 l 550.5 149.5 m 551.5 149.5 l 552.5 149.5 m 553.5 149.5 l 554.5 149.5 m 555.5 149.5 l 556.5 149.5 m 557.5 149.5 l 558.5 149.5 m 559.5 149.5 l 560.5 149.5 m 561.5 149.5 l 562.5 149.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 154.68 Td (Accounts and Notes Receivable, Allowances for Doubtful Accounts, and Allowances for Loan Losses) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 133.20 Td (Accounts receivable are recorded at the invoiced amount and are not interest bearing. We maintain an allowance for doubtful ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 122.40 Td (accounts to reserve for potentially uncollectible receivables. We review our accounts receivable by aging category to identify ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 111.60 Td (significant customers or invoices with known disputes or collectibility issues. For those invoices not specifically identified as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 100.80 Td (uncollectible, we provide an allowance based on the age of the receivable. In determining the amount of the allowance, we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 90.00 Td (make judgments about the creditworthiness of significant customers based on ongoing credit evaluations. We also consider ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 79.20 Td (our historical level of credit losses and current economic trends that might impact the level of future credit losses. When we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 68.40 Td (determine that amounts are uncollectible we write them off against the allowance.) Tj ET Q endstream endobj 129 0 obj <>] /Rotate 0 /Contents 130 0 R>> endobj 130 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (63 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (Notes receivable consist of term loans to small businesses, and are included in prepaid expenses and other current assets on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (our consolidated balance sheets. The term loans are not secured and are recorded at amortized cost, reduced by an allowance ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (for loan losses. We maintain an allowance for loan losses to reserve for potentially uncollectible notes receivable. We evaluate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 709.80 Td (the creditworthiness of our loan portfolio on a pooled basis due to its composition of small, homogeneous loans with similar ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 699.00 Td (general credit risk and characteristics and apply a loss rate at the time of loan origination. The loss rate and underlying model ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 688.20 Td (are updated periodically to reflect actual loan performance and changes in assumptions. We make judgments about the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 677.40 Td (known and inherent risks in the loan portfolio, adverse situations that may affect borrowers ability to repay and current ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 666.60 Td (economic conditions. When we determine that amounts are uncollectible we write them off against the allowance. As of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 654.60 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.37 654.60 Td (, the notes receivable balance was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.12 654.60 Td ($55 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 288.29 654.60 Td (, net of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 654.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.65 654.60 Td (allowances for loan losses which were not significant.) 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619.1 m 333.5 619.1 l 334.5 619.1 m 335.5 619.1 l 336.5 619.1 m 337.5 619.1 l 338.5 619.1 m 339.5 619.1 l 340.5 619.1 m 341.5 619.1 l 342.5 619.1 m 343.5 619.1 l 344.5 619.1 m 345.5 619.1 l 346.5 619.1 m 347.5 619.1 l 348.5 619.1 m 349.5 619.1 l 350.5 619.1 m 351.5 619.1 l 352.5 619.1 m 353.5 619.1 l 354.5 619.1 m 355.5 619.1 l 356.5 619.1 m 357.5 619.1 l 358.5 619.1 m 359.5 619.1 l 360.5 619.1 m 361.5 619.1 l 362.5 619.1 m 363.5 619.1 l 364.5 619.1 m 365.5 619.1 l 366.5 619.1 m 367.5 619.1 l 368.5 619.1 m 369.5 619.1 l 370.5 619.1 m 371.5 619.1 l 372.5 619.1 m 373.5 619.1 l 374.5 619.1 m 375.5 619.1 l 376.5 619.1 m 377.5 619.1 l 378.5 619.1 m 379.5 619.1 l 380.5 619.1 m 381.5 619.1 l 382.5 619.1 m 383.5 619.1 l 384.5 619.1 m 385.5 619.1 l 386.5 619.1 m 387.5 619.1 l 388.5 619.1 m 389.5 619.1 l 390.5 619.1 m 391.5 619.1 l 392.5 619.1 m 393.5 619.1 l 394.5 619.1 m 395.5 619.1 l 396.5 619.1 m 397.5 619.1 l 398.5 619.1 m 399.5 619.1 l 400.5 619.1 m 401.5 619.1 l 402.5 619.1 m 403.5 619.1 l 404.5 619.1 m 405.5 619.1 l 406.5 619.1 m 407.5 619.1 l 408.5 619.1 m 409.5 619.1 l 410.5 619.1 m 411.5 619.1 l 412.5 619.1 m 413.5 619.1 l 414.5 619.1 m 415.5 619.1 l 416.5 619.1 m 417.5 619.1 l 418.5 619.1 m 419.5 619.1 l 420.5 619.1 m 421.5 619.1 l 422.5 619.1 m 423.5 619.1 l 424.5 619.1 m 425.5 619.1 l 426.5 619.1 m 427.5 619.1 l 428.5 619.1 m 429.5 619.1 l 430.5 619.1 m 431.5 619.1 l 432.5 619.1 m 433.5 619.1 l 434.5 619.1 m 435.5 619.1 l 436.5 619.1 m 437.5 619.1 l 438.5 619.1 m 439.5 619.1 l 440.5 619.1 m 441.5 619.1 l 442.5 619.1 m 443.5 619.1 l 444.5 619.1 m 445.5 619.1 l 446.5 619.1 m 447.5 619.1 l 448.5 619.1 m 449.5 619.1 l 450.5 619.1 m 451.5 619.1 l 452.5 619.1 m 453.5 619.1 l 454.5 619.1 m 455.5 619.1 l 456.5 619.1 m 457.5 619.1 l 458.5 619.1 m 459.5 619.1 l 460.5 619.1 m 461.5 619.1 l 462.5 619.1 m 463.5 619.1 l 464.5 619.1 m 465.5 619.1 l 466.5 619.1 m 467.5 619.1 l 468.5 619.1 m 469.5 619.1 l 470.5 619.1 m 471.5 619.1 l 472.5 619.1 m 473.5 619.1 l 474.5 619.1 m 475.5 619.1 l 476.5 619.1 m 477.5 619.1 l 478.5 619.1 m 479.5 619.1 l 480.5 619.1 m 481.5 619.1 l 482.5 619.1 m 483.5 619.1 l 484.5 619.1 m 485.5 619.1 l 486.5 619.1 m 487.5 619.1 l 488.5 619.1 m 489.5 619.1 l 490.5 619.1 m 491.5 619.1 l 492.5 619.1 m 493.5 619.1 l 494.5 619.1 m 495.5 619.1 l 496.5 619.1 m 497.5 619.1 l 498.5 619.1 m 499.5 619.1 l 500.5 619.1 m 501.5 619.1 l 502.5 619.1 m 503.5 619.1 l 504.5 619.1 m 505.5 619.1 l 506.5 619.1 m 507.5 619.1 l 508.5 619.1 m 509.5 619.1 l 510.5 619.1 m 511.5 619.1 l 512.5 619.1 m 513.5 619.1 l 514.5 619.1 m 515.5 619.1 l 516.5 619.1 m 517.5 619.1 l 518.5 619.1 m 519.5 619.1 l 520.5 619.1 m 521.5 619.1 l 522.5 619.1 m 523.5 619.1 l 524.5 619.1 m 525.5 619.1 l 526.5 619.1 m 527.5 619.1 l 528.5 619.1 m 529.5 619.1 l 530.5 619.1 m 531.5 619.1 l 532.5 619.1 m 533.5 619.1 l 534.5 619.1 m 535.5 619.1 l 536.5 619.1 m 537.5 619.1 l 538.5 619.1 m 539.5 619.1 l 540.5 619.1 m 541.5 619.1 l 542.5 619.1 m 543.5 619.1 l 544.5 619.1 m 545.5 619.1 l 546.5 619.1 m 547.5 619.1 l 548.5 619.1 m 549.5 619.1 l 550.5 619.1 m 551.5 619.1 l 552.5 619.1 m 553.5 619.1 l 554.5 619.1 m 555.5 619.1 l 556.5 619.1 m 557.5 619.1 l 558.5 619.1 m 559.5 619.1 l 560.5 619.1 m 561.5 619.1 l 562.5 619.1 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 624.28 Td (Funds Held for Customers and Customer Fund Deposits) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 602.80 Td (Funds held for customers represent cash held on behalf of our customers that is invested in cash and cash equivalents and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 592.00 Td (investment grade available-for-sale debt securities. Customer fund deposits consist of amounts we owe on behalf of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 581.20 Td (customers, such as direct deposit payroll funds and payroll taxes.) Tj ET Q 50.5 545.7 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 545.7 l 52.5 545.7 m 53.5 545.7 l 54.5 545.7 m 55.5 545.7 l 56.5 545.7 m 57.5 545.7 l 58.5 545.7 m 59.5 545.7 l 60.5 545.7 m 61.5 545.7 l 62.5 545.7 m 63.5 545.7 l 64.5 545.7 m 65.5 545.7 l 66.5 545.7 m 67.5 545.7 l 68.5 545.7 m 69.5 545.7 l 70.5 545.7 m 71.5 545.7 l 72.5 545.7 m 73.5 545.7 l 74.5 545.7 m 75.5 545.7 l 76.5 545.7 m 77.5 545.7 l 78.5 545.7 m 79.5 545.7 l 80.5 545.7 m 81.5 545.7 l 82.5 545.7 m 83.5 545.7 l 84.5 545.7 m 85.5 545.7 l 86.5 545.7 m 87.5 545.7 l 88.5 545.7 m 89.5 545.7 l 90.5 545.7 m 91.5 545.7 l 92.5 545.7 m 93.5 545.7 l 94.5 545.7 m 95.5 545.7 l 96.5 545.7 m 97.5 545.7 l 98.5 545.7 m 99.5 545.7 l 100.5 545.7 m 101.5 545.7 l 102.5 545.7 m 103.5 545.7 l 104.5 545.7 m 105.5 545.7 l 106.5 545.7 m 107.5 545.7 l 108.5 545.7 m 109.5 545.7 l 110.5 545.7 m 111.5 545.7 l 112.5 545.7 m 113.5 545.7 l 114.5 545.7 m 115.5 545.7 l 116.5 545.7 m 117.5 545.7 l 118.5 545.7 m 119.5 545.7 l 120.5 545.7 m 121.5 545.7 l 122.5 545.7 m 123.5 545.7 l 124.5 545.7 m 125.5 545.7 l 126.5 545.7 m 127.5 545.7 l 128.5 545.7 m 129.5 545.7 l 130.5 545.7 m 131.5 545.7 l 132.5 545.7 m 133.5 545.7 l 134.5 545.7 m 135.5 545.7 l 136.5 545.7 m 137.5 545.7 l 138.5 545.7 m 139.5 545.7 l 140.5 545.7 m 141.5 545.7 l 142.5 545.7 m 143.5 545.7 l 144.5 545.7 m 145.5 545.7 l 146.5 545.7 m 147.5 545.7 l 148.5 545.7 m 149.5 545.7 l 150.5 545.7 m 151.5 545.7 l 152.5 545.7 m 153.5 545.7 l 154.5 545.7 m 155.5 545.7 l 156.5 545.7 m 157.5 545.7 l 158.5 545.7 m 159.5 545.7 l 160.5 545.7 m 161.5 545.7 l 162.5 545.7 m 163.5 545.7 l 164.5 545.7 m 165.5 545.7 l 166.5 545.7 m 167.5 545.7 l 168.5 545.7 m 169.5 545.7 l 170.5 545.7 m 171.5 545.7 l 172.5 545.7 m 173.5 545.7 l 174.5 545.7 m 175.5 545.7 l 176.5 545.7 m 177.5 545.7 l 178.5 545.7 m 179.5 545.7 l 180.5 545.7 m 181.5 545.7 l 182.5 545.7 m 183.5 545.7 l 184.5 545.7 m 185.5 545.7 l 186.5 545.7 m 187.5 545.7 l 188.5 545.7 m 189.5 545.7 l 190.5 545.7 m 191.5 545.7 l 192.5 545.7 m 193.5 545.7 l 194.5 545.7 m 195.5 545.7 l 196.5 545.7 m 197.5 545.7 l 198.5 545.7 m 199.5 545.7 l 200.5 545.7 m 201.5 545.7 l 202.5 545.7 m 203.5 545.7 l 204.5 545.7 m 205.5 545.7 l 206.5 545.7 m 207.5 545.7 l 208.5 545.7 m 209.5 545.7 l 210.5 545.7 m 211.5 545.7 l 212.5 545.7 m 213.5 545.7 l 214.5 545.7 m 215.5 545.7 l 216.5 545.7 m 217.5 545.7 l 218.5 545.7 m 219.5 545.7 l 220.5 545.7 m 221.5 545.7 l 222.5 545.7 m 223.5 545.7 l 224.5 545.7 m 225.5 545.7 l 226.5 545.7 m 227.5 545.7 l 228.5 545.7 m 229.5 545.7 l 230.5 545.7 m 231.5 545.7 l 232.5 545.7 m 233.5 545.7 l 234.5 545.7 m 235.5 545.7 l 236.5 545.7 m 237.5 545.7 l 238.5 545.7 m 239.5 545.7 l 240.5 545.7 m 241.5 545.7 l 242.5 545.7 m 243.5 545.7 l 244.5 545.7 m 245.5 545.7 l 246.5 545.7 m 247.5 545.7 l 248.5 545.7 m 249.5 545.7 l 250.5 545.7 m 251.5 545.7 l 252.5 545.7 m 253.5 545.7 l 254.5 545.7 m 255.5 545.7 l 256.5 545.7 m 257.5 545.7 l 258.5 545.7 m 259.5 545.7 l 260.5 545.7 m 261.5 545.7 l 262.5 545.7 m 263.5 545.7 l 264.5 545.7 m 265.5 545.7 l 266.5 545.7 m 267.5 545.7 l 268.5 545.7 m 269.5 545.7 l 270.5 545.7 m 271.5 545.7 l 272.5 545.7 m 273.5 545.7 l 274.5 545.7 m 275.5 545.7 l 276.5 545.7 m 277.5 545.7 l 278.5 545.7 m 279.5 545.7 l 280.5 545.7 m 281.5 545.7 l 282.5 545.7 m 283.5 545.7 l 284.5 545.7 m 285.5 545.7 l 286.5 545.7 m 287.5 545.7 l 288.5 545.7 m 289.5 545.7 l 290.5 545.7 m 291.5 545.7 l 292.5 545.7 m 293.5 545.7 l 294.5 545.7 m 295.5 545.7 l 296.5 545.7 m 297.5 545.7 l 298.5 545.7 m 299.5 545.7 l 300.5 545.7 m 301.5 545.7 l 302.5 545.7 m 303.5 545.7 l 304.5 545.7 m 305.5 545.7 l 306.5 545.7 m 307.5 545.7 l 308.5 545.7 m 309.5 545.7 l 310.5 545.7 m 311.5 545.7 l 312.5 545.7 m 313.5 545.7 l 314.5 545.7 m 315.5 545.7 l 316.5 545.7 m 317.5 545.7 l 318.5 545.7 m 319.5 545.7 l 320.5 545.7 m 321.5 545.7 l 322.5 545.7 m 323.5 545.7 l 324.5 545.7 m 325.5 545.7 l 326.5 545.7 m 327.5 545.7 l 328.5 545.7 m 329.5 545.7 l 330.5 545.7 m 331.5 545.7 l 332.5 545.7 m 333.5 545.7 l 334.5 545.7 m 335.5 545.7 l 336.5 545.7 m 337.5 545.7 l 338.5 545.7 m 339.5 545.7 l 340.5 545.7 m 341.5 545.7 l 342.5 545.7 m 343.5 545.7 l 344.5 545.7 m 345.5 545.7 l 346.5 545.7 m 347.5 545.7 l 348.5 545.7 m 349.5 545.7 l 350.5 545.7 m 351.5 545.7 l 352.5 545.7 m 353.5 545.7 l 354.5 545.7 m 355.5 545.7 l 356.5 545.7 m 357.5 545.7 l 358.5 545.7 m 359.5 545.7 l 360.5 545.7 m 361.5 545.7 l 362.5 545.7 m 363.5 545.7 l 364.5 545.7 m 365.5 545.7 l 366.5 545.7 m 367.5 545.7 l 368.5 545.7 m 369.5 545.7 l 370.5 545.7 m 371.5 545.7 l 372.5 545.7 m 373.5 545.7 l 374.5 545.7 m 375.5 545.7 l 376.5 545.7 m 377.5 545.7 l 378.5 545.7 m 379.5 545.7 l 380.5 545.7 m 381.5 545.7 l 382.5 545.7 m 383.5 545.7 l 384.5 545.7 m 385.5 545.7 l 386.5 545.7 m 387.5 545.7 l 388.5 545.7 m 389.5 545.7 l 390.5 545.7 m 391.5 545.7 l 392.5 545.7 m 393.5 545.7 l 394.5 545.7 m 395.5 545.7 l 396.5 545.7 m 397.5 545.7 l 398.5 545.7 m 399.5 545.7 l 400.5 545.7 m 401.5 545.7 l 402.5 545.7 m 403.5 545.7 l 404.5 545.7 m 405.5 545.7 l 406.5 545.7 m 407.5 545.7 l 408.5 545.7 m 409.5 545.7 l 410.5 545.7 m 411.5 545.7 l 412.5 545.7 m 413.5 545.7 l 414.5 545.7 m 415.5 545.7 l 416.5 545.7 m 417.5 545.7 l 418.5 545.7 m 419.5 545.7 l 420.5 545.7 m 421.5 545.7 l 422.5 545.7 m 423.5 545.7 l 424.5 545.7 m 425.5 545.7 l 426.5 545.7 m 427.5 545.7 l 428.5 545.7 m 429.5 545.7 l 430.5 545.7 m 431.5 545.7 l 432.5 545.7 m 433.5 545.7 l 434.5 545.7 m 435.5 545.7 l 436.5 545.7 m 437.5 545.7 l 438.5 545.7 m 439.5 545.7 l 440.5 545.7 m 441.5 545.7 l 442.5 545.7 m 443.5 545.7 l 444.5 545.7 m 445.5 545.7 l 446.5 545.7 m 447.5 545.7 l 448.5 545.7 m 449.5 545.7 l 450.5 545.7 m 451.5 545.7 l 452.5 545.7 m 453.5 545.7 l 454.5 545.7 m 455.5 545.7 l 456.5 545.7 m 457.5 545.7 l 458.5 545.7 m 459.5 545.7 l 460.5 545.7 m 461.5 545.7 l 462.5 545.7 m 463.5 545.7 l 464.5 545.7 m 465.5 545.7 l 466.5 545.7 m 467.5 545.7 l 468.5 545.7 m 469.5 545.7 l 470.5 545.7 m 471.5 545.7 l 472.5 545.7 m 473.5 545.7 l 474.5 545.7 m 475.5 545.7 l 476.5 545.7 m 477.5 545.7 l 478.5 545.7 m 479.5 545.7 l 480.5 545.7 m 481.5 545.7 l 482.5 545.7 m 483.5 545.7 l 484.5 545.7 m 485.5 545.7 l 486.5 545.7 m 487.5 545.7 l 488.5 545.7 m 489.5 545.7 l 490.5 545.7 m 491.5 545.7 l 492.5 545.7 m 493.5 545.7 l 494.5 545.7 m 495.5 545.7 l 496.5 545.7 m 497.5 545.7 l 498.5 545.7 m 499.5 545.7 l 500.5 545.7 m 501.5 545.7 l 502.5 545.7 m 503.5 545.7 l 504.5 545.7 m 505.5 545.7 l 506.5 545.7 m 507.5 545.7 l 508.5 545.7 m 509.5 545.7 l 510.5 545.7 m 511.5 545.7 l 512.5 545.7 m 513.5 545.7 l 514.5 545.7 m 515.5 545.7 l 516.5 545.7 m 517.5 545.7 l 518.5 545.7 m 519.5 545.7 l 520.5 545.7 m 521.5 545.7 l 522.5 545.7 m 523.5 545.7 l 524.5 545.7 m 525.5 545.7 l 526.5 545.7 m 527.5 545.7 l 528.5 545.7 m 529.5 545.7 l 530.5 545.7 m 531.5 545.7 l 532.5 545.7 m 533.5 545.7 l 534.5 545.7 m 535.5 545.7 l 536.5 545.7 m 537.5 545.7 l 538.5 545.7 m 539.5 545.7 l 540.5 545.7 m 541.5 545.7 l 542.5 545.7 m 543.5 545.7 l 544.5 545.7 m 545.5 545.7 l 546.5 545.7 m 547.5 545.7 l 548.5 545.7 m 549.5 545.7 l 550.5 545.7 m 551.5 545.7 l 552.5 545.7 m 553.5 545.7 l 554.5 545.7 m 555.5 545.7 l 556.5 545.7 m 557.5 545.7 l 558.5 545.7 m 559.5 545.7 l 560.5 545.7 m 561.5 545.7 l 562.5 545.7 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 550.88 Td (Property and Equipment) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 529.40 Td (Property and equipment is stated at the lower of cost or realizable value, net of accumulated depreciation. We calculate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 518.60 Td (depreciation using the straight-line method over the estimated useful lives of the assets, which range from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.38 518.60 Td (two) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.56 518.60 Td ( to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.08 518.60 Td (30) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.09 518.60 Td ( years. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 507.80 Td (amortize leasehold improvements using the straight-line method over the lesser of their estimated useful lives or remaining ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 497.00 Td (lease terms. We include the amortization of assets that are recorded under capital leases in depreciation expense. We review ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 486.20 Td (property and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 475.40 Td (asset may not be recoverable. We did not record any significant property impairment charges during the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 464.60 Td (July 31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.35 464.60 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.37 464.60 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 108.37 464.60 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 128.39 464.60 Td (, or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.41 464.60 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 164.42 464.60 Td (.) Tj ET Q 50.5 429.1 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 429.1 l 52.5 429.1 m 53.5 429.1 l 54.5 429.1 m 55.5 429.1 l 56.5 429.1 m 57.5 429.1 l 58.5 429.1 m 59.5 429.1 l 60.5 429.1 m 61.5 429.1 l 62.5 429.1 m 63.5 429.1 l 64.5 429.1 m 65.5 429.1 l 66.5 429.1 m 67.5 429.1 l 68.5 429.1 m 69.5 429.1 l 70.5 429.1 m 71.5 429.1 l 72.5 429.1 m 73.5 429.1 l 74.5 429.1 m 75.5 429.1 l 76.5 429.1 m 77.5 429.1 l 78.5 429.1 m 79.5 429.1 l 80.5 429.1 m 81.5 429.1 l 82.5 429.1 m 83.5 429.1 l 84.5 429.1 m 85.5 429.1 l 86.5 429.1 m 87.5 429.1 l 88.5 429.1 m 89.5 429.1 l 90.5 429.1 m 91.5 429.1 l 92.5 429.1 m 93.5 429.1 l 94.5 429.1 m 95.5 429.1 l 96.5 429.1 m 97.5 429.1 l 98.5 429.1 m 99.5 429.1 l 100.5 429.1 m 101.5 429.1 l 102.5 429.1 m 103.5 429.1 l 104.5 429.1 m 105.5 429.1 l 106.5 429.1 m 107.5 429.1 l 108.5 429.1 m 109.5 429.1 l 110.5 429.1 m 111.5 429.1 l 112.5 429.1 m 113.5 429.1 l 114.5 429.1 m 115.5 429.1 l 116.5 429.1 m 117.5 429.1 l 118.5 429.1 m 119.5 429.1 l 120.5 429.1 m 121.5 429.1 l 122.5 429.1 m 123.5 429.1 l 124.5 429.1 m 125.5 429.1 l 126.5 429.1 m 127.5 429.1 l 128.5 429.1 m 129.5 429.1 l 130.5 429.1 m 131.5 429.1 l 132.5 429.1 m 133.5 429.1 l 134.5 429.1 m 135.5 429.1 l 136.5 429.1 m 137.5 429.1 l 138.5 429.1 m 139.5 429.1 l 140.5 429.1 m 141.5 429.1 l 142.5 429.1 m 143.5 429.1 l 144.5 429.1 m 145.5 429.1 l 146.5 429.1 m 147.5 429.1 l 148.5 429.1 m 149.5 429.1 l 150.5 429.1 m 151.5 429.1 l 152.5 429.1 m 153.5 429.1 l 154.5 429.1 m 155.5 429.1 l 156.5 429.1 m 157.5 429.1 l 158.5 429.1 m 159.5 429.1 l 160.5 429.1 m 161.5 429.1 l 162.5 429.1 m 163.5 429.1 l 164.5 429.1 m 165.5 429.1 l 166.5 429.1 m 167.5 429.1 l 168.5 429.1 m 169.5 429.1 l 170.5 429.1 m 171.5 429.1 l 172.5 429.1 m 173.5 429.1 l 174.5 429.1 m 175.5 429.1 l 176.5 429.1 m 177.5 429.1 l 178.5 429.1 m 179.5 429.1 l 180.5 429.1 m 181.5 429.1 l 182.5 429.1 m 183.5 429.1 l 184.5 429.1 m 185.5 429.1 l 186.5 429.1 m 187.5 429.1 l 188.5 429.1 m 189.5 429.1 l 190.5 429.1 m 191.5 429.1 l 192.5 429.1 m 193.5 429.1 l 194.5 429.1 m 195.5 429.1 l 196.5 429.1 m 197.5 429.1 l 198.5 429.1 m 199.5 429.1 l 200.5 429.1 m 201.5 429.1 l 202.5 429.1 m 203.5 429.1 l 204.5 429.1 m 205.5 429.1 l 206.5 429.1 m 207.5 429.1 l 208.5 429.1 m 209.5 429.1 l 210.5 429.1 m 211.5 429.1 l 212.5 429.1 m 213.5 429.1 l 214.5 429.1 m 215.5 429.1 l 216.5 429.1 m 217.5 429.1 l 218.5 429.1 m 219.5 429.1 l 220.5 429.1 m 221.5 429.1 l 222.5 429.1 m 223.5 429.1 l 224.5 429.1 m 225.5 429.1 l 226.5 429.1 m 227.5 429.1 l 228.5 429.1 m 229.5 429.1 l 230.5 429.1 m 231.5 429.1 l 232.5 429.1 m 233.5 429.1 l 234.5 429.1 m 235.5 429.1 l 236.5 429.1 m 237.5 429.1 l 238.5 429.1 m 239.5 429.1 l 240.5 429.1 m 241.5 429.1 l 242.5 429.1 m 243.5 429.1 l 244.5 429.1 m 245.5 429.1 l 246.5 429.1 m 247.5 429.1 l 248.5 429.1 m 249.5 429.1 l 250.5 429.1 m 251.5 429.1 l 252.5 429.1 m 253.5 429.1 l 254.5 429.1 m 255.5 429.1 l 256.5 429.1 m 257.5 429.1 l 258.5 429.1 m 259.5 429.1 l 260.5 429.1 m 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429.1 m 547.5 429.1 l 548.5 429.1 m 549.5 429.1 l 550.5 429.1 m 551.5 429.1 l 552.5 429.1 m 553.5 429.1 l 554.5 429.1 m 555.5 429.1 l 556.5 429.1 m 557.5 429.1 l 558.5 429.1 m 559.5 429.1 l 560.5 429.1 m 561.5 429.1 l 562.5 429.1 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 434.28 Td (Business Combinations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 412.80 Td (The acquisition method of accounting for business combinations requires us to use significant estimates and assumptions, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 402.00 Td (including fair value estimates, as of the business combination date and to refine those estimates as necessary during the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 391.20 Td (measurement period \(defined as the period, not to exceed ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.97 391.20 Td (one) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.33 391.20 Td ( year, in which we may adjust the provisional amounts ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 380.40 Td (recognized for a business combination\).) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 363.60 Td (Under the acquisition method of accounting we recognize separately from goodwill the identifiable assets acquired, the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 352.80 Td (liabilities assumed, and any noncontrolling interests in an acquiree, generally at the acquisition date fair value. We measure ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 342.00 Td (goodwill as of the acquisition date as the excess of consideration transferred, which we also measure at fair value, over the net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 331.20 Td (of the acquisition date amounts of the identifiable assets acquired and liabilities assumed. Costs that we incur to complete the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 320.40 Td (business combination such as investment banking, legal and other professional fees are not considered part of consideration ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 309.60 Td (and we charge them to general and administrative expense as they are incurred. Under the acquisition method we also ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 298.80 Td (account for acquired company restructuring activities that we initiate separately from the business combination.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 282.00 Td (Should the initial accounting for a business combination be incomplete by the end of a reporting period that falls within the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 271.20 Td (measurement period, we report provisional amounts in our financial statements. During the measurement period, we adjust ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 260.40 Td (the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 249.60 Td (that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 238.80 Td (that date and we record those adjustments to our financial statements. We apply those measurement period adjustments that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 228.00 Td (we determine to be significant retrospectively to comparative information in our financial statements, including adjustments to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 217.20 Td (depreciation and amortization expense.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 200.40 Td (Under the acquisition method of accounting for business combinations, if we identify changes to acquired deferred tax asset ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 189.60 Td (valuation allowances or liabilities related to uncertain tax positions during the measurement period and they relate to new ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 178.80 Td (information obtained about facts and circumstances that existed as of the acquisition date, those changes are considered a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 168.00 Td (measurement period adjustment and we record the offset to goodwill. We record all other changes to deferred tax asset ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 157.20 Td (valuation allowances and liabilities related to uncertain tax positions in current period income tax expense. This accounting ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 146.40 Td (applies to all of our acquisitions regardless of acquisition date.) Tj ET Q 50.5 110.89999999999998 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 110.89999999999998 l 52.5 110.89999999999998 m 53.5 110.89999999999998 l 54.5 110.89999999999998 m 55.5 110.89999999999998 l 56.5 110.89999999999998 m 57.5 110.89999999999998 l 58.5 110.89999999999998 m 59.5 110.89999999999998 l 60.5 110.89999999999998 m 61.5 110.89999999999998 l 62.5 110.89999999999998 m 63.5 110.89999999999998 l 64.5 110.89999999999998 m 65.5 110.89999999999998 l 66.5 110.89999999999998 m 67.5 110.89999999999998 l 68.5 110.89999999999998 m 69.5 110.89999999999998 l 70.5 110.89999999999998 m 71.5 110.89999999999998 l 72.5 110.89999999999998 m 73.5 110.89999999999998 l 74.5 110.89999999999998 m 75.5 110.89999999999998 l 76.5 110.89999999999998 m 77.5 110.89999999999998 l 78.5 110.89999999999998 m 79.5 110.89999999999998 l 80.5 110.89999999999998 m 81.5 110.89999999999998 l 82.5 110.89999999999998 m 83.5 110.89999999999998 l 84.5 110.89999999999998 m 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110.89999999999998 m 123.5 110.89999999999998 l 124.5 110.89999999999998 m 125.5 110.89999999999998 l 126.5 110.89999999999998 m 127.5 110.89999999999998 l 128.5 110.89999999999998 m 129.5 110.89999999999998 l 130.5 110.89999999999998 m 131.5 110.89999999999998 l 132.5 110.89999999999998 m 133.5 110.89999999999998 l 134.5 110.89999999999998 m 135.5 110.89999999999998 l 136.5 110.89999999999998 m 137.5 110.89999999999998 l 138.5 110.89999999999998 m 139.5 110.89999999999998 l 140.5 110.89999999999998 m 141.5 110.89999999999998 l 142.5 110.89999999999998 m 143.5 110.89999999999998 l 144.5 110.89999999999998 m 145.5 110.89999999999998 l 146.5 110.89999999999998 m 147.5 110.89999999999998 l 148.5 110.89999999999998 m 149.5 110.89999999999998 l 150.5 110.89999999999998 m 151.5 110.89999999999998 l 152.5 110.89999999999998 m 153.5 110.89999999999998 l 154.5 110.89999999999998 m 155.5 110.89999999999998 l 156.5 110.89999999999998 m 157.5 110.89999999999998 l 158.5 110.89999999999998 m 159.5 110.89999999999998 l 160.5 110.89999999999998 m 161.5 110.89999999999998 l 162.5 110.89999999999998 m 163.5 110.89999999999998 l 164.5 110.89999999999998 m 165.5 110.89999999999998 l 166.5 110.89999999999998 m 167.5 110.89999999999998 l 168.5 110.89999999999998 m 169.5 110.89999999999998 l 170.5 110.89999999999998 m 171.5 110.89999999999998 l 172.5 110.89999999999998 m 173.5 110.89999999999998 l 174.5 110.89999999999998 m 175.5 110.89999999999998 l 176.5 110.89999999999998 m 177.5 110.89999999999998 l 178.5 110.89999999999998 m 179.5 110.89999999999998 l 180.5 110.89999999999998 m 181.5 110.89999999999998 l 182.5 110.89999999999998 m 183.5 110.89999999999998 l 184.5 110.89999999999998 m 185.5 110.89999999999998 l 186.5 110.89999999999998 m 187.5 110.89999999999998 l 188.5 110.89999999999998 m 189.5 110.89999999999998 l 190.5 110.89999999999998 m 191.5 110.89999999999998 l 192.5 110.89999999999998 m 193.5 110.89999999999998 l 194.5 110.89999999999998 m 195.5 110.89999999999998 l 196.5 110.89999999999998 m 197.5 110.89999999999998 l 198.5 110.89999999999998 m 199.5 110.89999999999998 l 200.5 110.89999999999998 m 201.5 110.89999999999998 l 202.5 110.89999999999998 m 203.5 110.89999999999998 l 204.5 110.89999999999998 m 205.5 110.89999999999998 l 206.5 110.89999999999998 m 207.5 110.89999999999998 l 208.5 110.89999999999998 m 209.5 110.89999999999998 l 210.5 110.89999999999998 m 211.5 110.89999999999998 l 212.5 110.89999999999998 m 213.5 110.89999999999998 l 214.5 110.89999999999998 m 215.5 110.89999999999998 l 216.5 110.89999999999998 m 217.5 110.89999999999998 l 218.5 110.89999999999998 m 219.5 110.89999999999998 l 220.5 110.89999999999998 m 221.5 110.89999999999998 l 222.5 110.89999999999998 m 223.5 110.89999999999998 l 224.5 110.89999999999998 m 225.5 110.89999999999998 l 226.5 110.89999999999998 m 227.5 110.89999999999998 l 228.5 110.89999999999998 m 229.5 110.89999999999998 l 230.5 110.89999999999998 m 231.5 110.89999999999998 l 232.5 110.89999999999998 m 233.5 110.89999999999998 l 234.5 110.89999999999998 m 235.5 110.89999999999998 l 236.5 110.89999999999998 m 237.5 110.89999999999998 l 238.5 110.89999999999998 m 239.5 110.89999999999998 l 240.5 110.89999999999998 m 241.5 110.89999999999998 l 242.5 110.89999999999998 m 243.5 110.89999999999998 l 244.5 110.89999999999998 m 245.5 110.89999999999998 l 246.5 110.89999999999998 m 247.5 110.89999999999998 l 248.5 110.89999999999998 m 249.5 110.89999999999998 l 250.5 110.89999999999998 m 251.5 110.89999999999998 l 252.5 110.89999999999998 m 253.5 110.89999999999998 l 254.5 110.89999999999998 m 255.5 110.89999999999998 l 256.5 110.89999999999998 m 257.5 110.89999999999998 l 258.5 110.89999999999998 m 259.5 110.89999999999998 l 260.5 110.89999999999998 m 261.5 110.89999999999998 l 262.5 110.89999999999998 m 263.5 110.89999999999998 l 264.5 110.89999999999998 m 265.5 110.89999999999998 l 266.5 110.89999999999998 m 267.5 110.89999999999998 l 268.5 110.89999999999998 m 269.5 110.89999999999998 l 270.5 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110.89999999999998 l 530.5 110.89999999999998 m 531.5 110.89999999999998 l 532.5 110.89999999999998 m 533.5 110.89999999999998 l 534.5 110.89999999999998 m 535.5 110.89999999999998 l 536.5 110.89999999999998 m 537.5 110.89999999999998 l 538.5 110.89999999999998 m 539.5 110.89999999999998 l 540.5 110.89999999999998 m 541.5 110.89999999999998 l 542.5 110.89999999999998 m 543.5 110.89999999999998 l 544.5 110.89999999999998 m 545.5 110.89999999999998 l 546.5 110.89999999999998 m 547.5 110.89999999999998 l 548.5 110.89999999999998 m 549.5 110.89999999999998 l 550.5 110.89999999999998 m 551.5 110.89999999999998 l 552.5 110.89999999999998 m 553.5 110.89999999999998 l 554.5 110.89999999999998 m 555.5 110.89999999999998 l 556.5 110.89999999999998 m 557.5 110.89999999999998 l 558.5 110.89999999999998 m 559.5 110.89999999999998 l 560.5 110.89999999999998 m 561.5 110.89999999999998 l 562.5 110.89999999999998 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 116.08 Td (Goodwill, Acquired Intangible Assets and Other Long-Lived Assets) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 90.40 Td (Goodwill) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 73.60 Td (We record goodwill when the fair value of consideration transferred in a business combination exceeds the fair value of the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 62.80 Td (identifiable assets acquired and liabilities assumed. Goodwill and other intangible assets that have indefinite useful lives are ) Tj ET Q endstream endobj 131 0 obj <>] /Rotate 0 /Contents 132 0 R>> endobj 132 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (64 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (not amortized, but we test them for impairment annually during our fourth fiscal quarter and whenever an event or change in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (circumstances indicates that the carrying value of the asset may not be recoverable.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 714.60 Td (For goodwill, we perform a two-step impairment test. In the first step, we compare the fair value of each reporting unit to its ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 703.80 Td (carrying value. In accordance with authoritative guidance, we define fair value as the price that would be received from the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 693.00 Td (sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 682.20 Td (transaction between market participants on the measurement date. We consider and use all valuation methods that are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 671.40 Td (appropriate in estimating the fair value of our reporting units and generally use a weighted combination of income and market ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 660.60 Td (approaches. Under the income approach, we estimate the fair value of each reporting unit based on the present value of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 649.80 Td (future cash flows. We use a number of assumptions in our discounted cash flow model, including market factors specific to the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 639.00 Td (business, the amount and timing of estimated future cash flows to be generated by the business over an extended period of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 628.20 Td (time, long-term growth rates for the business, and a rate of return that considers the relative risk of achieving the cash flows ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 617.40 Td (and the time value of money. Under the market approach, we estimate the fair value of each reporting unit based on market ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 606.60 Td (multiples of revenue, operating income, and earnings for comparable publicly traded companies engaged in similar ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 595.80 Td (businesses. If the estimated fair value of the reporting unit exceeds the carrying value of the net assets assigned to that unit, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 585.00 Td (goodwill is not impaired and no further analysis is required.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 568.20 Td (If the carrying value of the net assets assigned to a reporting unit exceeds the estimated fair value of the unit, we perform the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 557.40 Td (second step of the impairment test. In this step we allocate the fair value of the reporting unit calculated in step one to all of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 546.60 Td (the assets and liabilities of that unit, as if we had just acquired the reporting unit in a business combination. The excess of the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 535.80 Td (fair value of the reporting unit over the total amount allocated to the assets and liabilities represents the implied fair value of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 525.00 Td (goodwill. If the carrying value of a reporting units goodwill exceeds its implied fair value, we would record an impairment loss ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 514.20 Td (equal to the difference. We recorded ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 202.02 514.20 Td (no) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 212.37 514.20 Td ( goodwill impairment charges for the twelve months ended July 31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.51 514.20 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.52 514.20 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.52 514.20 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.54 514.20 Td ( or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 503.40 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 503.40 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 482.40 Td (Acquired Intangible Assets and Other Long-Lived Assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 465.60 Td (We generally record acquired intangible assets that have finite useful lives, such as acquired technology, in connection with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 454.80 Td (business combinations. We amortize the cost of acquired intangible assets on a straight-line basis over their estimated useful ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 444.00 Td (lives, which range from one to seven years. We review intangible assets that have finite useful lives and other long-lived assets ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 433.20 Td (whenever an event or change in circumstances indicates that the carrying value of the asset may not be recoverable. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 422.40 Td (estimate the recoverability of these assets by comparing the carrying amount of the asset to the future undiscounted cash ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 411.60 Td (flows that we expect the asset to generate. We estimate the fair value of assets that have finite useful lives based on the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 400.80 Td (present value of future cash flows for those assets. If the carrying value of an asset with a finite life exceeds its estimated fair ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 390.00 Td (value, we would record an impairment loss equal to the difference. Impairment charges for acquired intangible assets were not ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 379.20 Td (significant for the twelve months ended July 31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 246.10 379.20 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 266.12 379.20 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 271.12 379.20 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.13 379.20 Td ( or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 304.65 379.20 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.67 379.20 Td (.) Tj ET Q 50.5 343.7 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 343.7 l 52.5 343.7 m 53.5 343.7 l 54.5 343.7 m 55.5 343.7 l 56.5 343.7 m 57.5 343.7 l 58.5 343.7 m 59.5 343.7 l 60.5 343.7 m 61.5 343.7 l 62.5 343.7 m 63.5 343.7 l 64.5 343.7 m 65.5 343.7 l 66.5 343.7 m 67.5 343.7 l 68.5 343.7 m 69.5 343.7 l 70.5 343.7 m 71.5 343.7 l 72.5 343.7 m 73.5 343.7 l 74.5 343.7 m 75.5 343.7 l 76.5 343.7 m 77.5 343.7 l 78.5 343.7 m 79.5 343.7 l 80.5 343.7 m 81.5 343.7 l 82.5 343.7 m 83.5 343.7 l 84.5 343.7 m 85.5 343.7 l 86.5 343.7 m 87.5 343.7 l 88.5 343.7 m 89.5 343.7 l 90.5 343.7 m 91.5 343.7 l 92.5 343.7 m 93.5 343.7 l 94.5 343.7 m 95.5 343.7 l 96.5 343.7 m 97.5 343.7 l 98.5 343.7 m 99.5 343.7 l 100.5 343.7 m 101.5 343.7 l 102.5 343.7 m 103.5 343.7 l 104.5 343.7 m 105.5 343.7 l 106.5 343.7 m 107.5 343.7 l 108.5 343.7 m 109.5 343.7 l 110.5 343.7 m 111.5 343.7 l 112.5 343.7 m 113.5 343.7 l 114.5 343.7 m 115.5 343.7 l 116.5 343.7 m 117.5 343.7 l 118.5 343.7 m 119.5 343.7 l 120.5 343.7 m 121.5 343.7 l 122.5 343.7 m 123.5 343.7 l 124.5 343.7 m 125.5 343.7 l 126.5 343.7 m 127.5 343.7 l 128.5 343.7 m 129.5 343.7 l 130.5 343.7 m 131.5 343.7 l 132.5 343.7 m 133.5 343.7 l 134.5 343.7 m 135.5 343.7 l 136.5 343.7 m 137.5 343.7 l 138.5 343.7 m 139.5 343.7 l 140.5 343.7 m 141.5 343.7 l 142.5 343.7 m 143.5 343.7 l 144.5 343.7 m 145.5 343.7 l 146.5 343.7 m 147.5 343.7 l 148.5 343.7 m 149.5 343.7 l 150.5 343.7 m 151.5 343.7 l 152.5 343.7 m 153.5 343.7 l 154.5 343.7 m 155.5 343.7 l 156.5 343.7 m 157.5 343.7 l 158.5 343.7 m 159.5 343.7 l 160.5 343.7 m 161.5 343.7 l 162.5 343.7 m 163.5 343.7 l 164.5 343.7 m 165.5 343.7 l 166.5 343.7 m 167.5 343.7 l 168.5 343.7 m 169.5 343.7 l 170.5 343.7 m 171.5 343.7 l 172.5 343.7 m 173.5 343.7 l 174.5 343.7 m 175.5 343.7 l 176.5 343.7 m 177.5 343.7 l 178.5 343.7 m 179.5 343.7 l 180.5 343.7 m 181.5 343.7 l 182.5 343.7 m 183.5 343.7 l 184.5 343.7 m 185.5 343.7 l 186.5 343.7 m 187.5 343.7 l 188.5 343.7 m 189.5 343.7 l 190.5 343.7 m 191.5 343.7 l 192.5 343.7 m 193.5 343.7 l 194.5 343.7 m 195.5 343.7 l 196.5 343.7 m 197.5 343.7 l 198.5 343.7 m 199.5 343.7 l 200.5 343.7 m 201.5 343.7 l 202.5 343.7 m 203.5 343.7 l 204.5 343.7 m 205.5 343.7 l 206.5 343.7 m 207.5 343.7 l 208.5 343.7 m 209.5 343.7 l 210.5 343.7 m 211.5 343.7 l 212.5 343.7 m 213.5 343.7 l 214.5 343.7 m 215.5 343.7 l 216.5 343.7 m 217.5 343.7 l 218.5 343.7 m 219.5 343.7 l 220.5 343.7 m 221.5 343.7 l 222.5 343.7 m 223.5 343.7 l 224.5 343.7 m 225.5 343.7 l 226.5 343.7 m 227.5 343.7 l 228.5 343.7 m 229.5 343.7 l 230.5 343.7 m 231.5 343.7 l 232.5 343.7 m 233.5 343.7 l 234.5 343.7 m 235.5 343.7 l 236.5 343.7 m 237.5 343.7 l 238.5 343.7 m 239.5 343.7 l 240.5 343.7 m 241.5 343.7 l 242.5 343.7 m 243.5 343.7 l 244.5 343.7 m 245.5 343.7 l 246.5 343.7 m 247.5 343.7 l 248.5 343.7 m 249.5 343.7 l 250.5 343.7 m 251.5 343.7 l 252.5 343.7 m 253.5 343.7 l 254.5 343.7 m 255.5 343.7 l 256.5 343.7 m 257.5 343.7 l 258.5 343.7 m 259.5 343.7 l 260.5 343.7 m 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343.7 m 547.5 343.7 l 548.5 343.7 m 549.5 343.7 l 550.5 343.7 m 551.5 343.7 l 552.5 343.7 m 553.5 343.7 l 554.5 343.7 m 555.5 343.7 l 556.5 343.7 m 557.5 343.7 l 558.5 343.7 m 559.5 343.7 l 560.5 343.7 m 561.5 343.7 l 562.5 343.7 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 348.88 Td (Share-Based Compensation Plans) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 327.40 Td (We estimate the fair value of stock options granted using a lattice binomial model and a multiple option award approach. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 316.60 Td (amortize the fair value of stock options on a straight-line basis over the requisite service periods of the awards, which are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 305.80 Td (generally the vesting periods.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 289.00 Td (Restricted stock units \(RSUs\) granted typically vest based on continued service. We value these time-based RSUs at the date of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 278.20 Td (grant using the intrinsic value method. We amortize the fair value of time-based RSUs on a straight-line basis over the service ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 267.40 Td (period. Certain RSUs granted to senior management vest based on the achievement of pre-established performance or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 256.60 Td (market goals. We estimate the fair value of performance-based RSUs at the date of grant using the intrinsic value method and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 245.80 Td (the probability that the specified performance criteria would be met. Each quarter we update our assessment of the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 235.00 Td (probability that the specified performance criteria will be achieved and adjust our estimate of the fair value of the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 224.20 Td (performance-based RSUs if necessary. We amortize the fair values of performance-based RSUs over the requisite service ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 213.40 Td (period for each separately vesting tranche of the award. We estimate the fair value of market-based RSUs at the date of grant ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 202.60 Td (using a Monte Carlo valuation methodology and amortize those fair values over the requisite service period for each ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 191.80 Td (separately vesting tranche of the award. The Monte Carlo methodology that we use to estimate the fair value of market-based ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 181.00 Td (RSUs at the date of grant incorporates into the valuation the possibility that the market condition may not be satisfied. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 170.20 Td (Provided that the requisite service is rendered, the total fair value of the market-based RSUs at the date of grant must be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 159.40 Td (recognized as compensation expense even if the market condition is not achieved. However, the number of shares that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 148.60 Td (ultimately vest can vary significantly with the performance of the specified market criteria. All of the RSUs we grant have ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 137.80 Td (dividend rights that are subject to the same vesting requirements as the underlying equity awards, so we do not adjust the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 127.00 Td (intrinsic \(market\) value of our RSUs for dividends.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 110.20 Td (See Note 11, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 105.55 110.20 Td (Stockholders Equity,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 200.27 110.20 Td ( for a description of our share-based compensation plans and more information on the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 99.40 Td (assumptions we use to calculate the fair value of share-based compensation.) 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531.5 732.5 l 532.5 732.5 m 533.5 732.5 l 534.5 732.5 m 535.5 732.5 l 536.5 732.5 m 537.5 732.5 l 538.5 732.5 m 539.5 732.5 l 540.5 732.5 m 541.5 732.5 l 542.5 732.5 m 543.5 732.5 l 544.5 732.5 m 545.5 732.5 l 546.5 732.5 m 547.5 732.5 l 548.5 732.5 m 549.5 732.5 l 550.5 732.5 m 551.5 732.5 l 552.5 732.5 m 553.5 732.5 l 554.5 732.5 m 555.5 732.5 l 556.5 732.5 m 557.5 732.5 l 558.5 732.5 m 559.5 732.5 l 560.5 732.5 m 561.5 732.5 l 562.5 732.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 737.68 Td (Concentration of Credit Risk and Significant Customers and Suppliers) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 716.20 Td (We operate in markets that are highly competitive and rapidly changing. Significant technological changes, shifting customer ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 705.40 Td (needs, the emergence of competitive products or services with new capabilities and other factors could negatively impact our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 694.65 Td (operating results.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 677.80 Td (We are also subject to risks related to changes in the value of our significant balance of investments. Our portfolio of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 667.05 Td (investments consists of investment-grade securities. Except for direct obligations of the United States government, securities ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 656.25 Td (issued by agencies of the United States government and money market funds, we diversify our investments by limiting our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 645.40 Td (holdings with any individual issuer.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 628.65 Td (We sell a portion of our products through third-party retailers and distributors. As a result, we face risks related to the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 617.80 Td (collectibility of our accounts receivable. To appropriately manage this risk, we perform ongoing evaluations of customer credit ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 607.00 Td (and limit the amount of credit extended as we deem appropriate, but generally do not require collateral. We maintain reserves ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 596.20 Td (for estimated credit losses and these losses have historically been within our expectations. However, since we cannot predict ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 585.40 Td (future changes in the financial stability of our customers, we cannot guarantee that our reserves will continue to be adequate. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 574.60 Td (No) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.35 574.60 Td ( customer accounted for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 163.61 574.60 Td (10%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 181.11 574.60 Td ( or more of total net revenue for the twelve months ended July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.16 574.60 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.18 574.60 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.18 574.60 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.20 574.60 Td ( or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.71 574.60 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.73 574.60 Td (, nor ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 563.80 Td (did any customer account for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 170.43 563.80 Td (10%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 187.93 563.80 Td ( or more of total accounts receivable at July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.26 563.80 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.28 563.80 Td ( or July 31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.15 563.80 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.16 563.80 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 547.00 Td (We rely primarily on one third-party vendor to perform the manufacturing and distribution functions for our retail desktop ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 536.20 Td (software products. We also have a key single-source vendor that prints and fulfills orders for most of our financial supplies ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 525.40 Td (business. While we believe that relying on key vendors improves the efficiency and reliability of our business operations, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 514.60 Td (relying on any one vendor for a significant aspect of our business can have a significant negative impact on our revenue and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 503.80 Td (profitability if that vendor fails to perform at acceptable service levels for any reason, including financial difficulties of the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 493.00 Td (vendor.) 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457.5 m 546.5 457.5 l 547.5 457.5 m 548.5 457.5 l 549.5 457.5 m 550.5 457.5 l 551.5 457.5 m 552.5 457.5 l 553.5 457.5 m 554.5 457.5 l 555.5 457.5 m 556.5 457.5 l 557.5 457.5 m 558.5 457.5 l 559.5 457.5 m 560.5 457.5 l 561.5 457.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 52.00 462.68 Td (Accounting Standards Not Yet Adopted) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 441.20 Td (Goodwill Impairment) Tj ET Q BT /F4 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 138.85 441.20 Td ( ) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 141.35 441.20 Td ( - ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 151.85 441.20 Td (In January 2017 the Financial Accounting Standards Board \(FASB\) issued Accounting Standards ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 430.40 Td (Update \(ASU\)2017-04, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 150.56 430.40 Td (IntangiblesGoodwill and Other \(Topic 350\): Simplifying the Test for Goodwill Impairment.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.36 430.40 Td ( This new ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 419.60 Td (standard eliminates Step 2 from the goodwill impairment test. Instead, an entity should compare the fair value of a reporting ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 408.80 Td (unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 398.00 Td (reporting unit's fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The standard is effective ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 387.20 Td (for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, which means that it will ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 376.40 Td (be effective for us in the first quarter of our fiscal year beginning August 1, 2020. Early adoption is permitted. We are currently ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 365.60 Td (evaluating the impact of our pending adoption ofASU 2017-04on our consolidated financial statements.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 348.80 Td (Business Combinations) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 146.32 348.80 Td ( - ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 159.32 348.80 Td (In January 2017 the FASB issued ASU 2017-01, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 355.79 348.80 Td (Business Combinations \(Topic 805\): Clarifying the ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 338.00 Td (Definition of a Business) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.21 338.00 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 146.71 338.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 151.38 338.00 Td ( This new standard clarifies the definition of a business in order to allow for the evaluation of whether ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 327.20 Td (transactions should be accounted for as acquisitions or disposals of assets or businesses. The standard is effective for fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 316.40 Td (years beginning after December 15, 2017, including interim periods within those fiscal years, which means that it will be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 305.60 Td (effective for us in the first quarter of our fiscal year beginning August 1, 2018. Early adoption is permitted. We are currently ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 294.80 Td (evaluating the impact of our pending adoption ofASU 2017-01on our consolidated financial statements.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 278.00 Td (Statement of Cash Flows ) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 157.46 278.00 Td (- ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 162.96 278.00 Td (In August 2016 the FASB issued ASU 2016-15, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 357.08 278.00 Td (Statement of Cash Flows \(Topic 230\): Classification ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 267.20 Td (of Certain Cash Receipts and Cash Payments. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 240.77 267.20 Td (This new standard willmake eight targeted changes to how cash receipts and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 256.40 Td (cash payments are presented and classified in the statement of cash flows. The standardis effective for fiscal years beginning ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 245.60 Td (after December 15, 2017, which means that it will be effective for us in the first quarter of our fiscal year beginning August 1, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 234.80 Td (2018. The standard will require adoption on a retrospective basis unless it is impracticable to apply, in which case we would be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 224.00 Td (required to apply the amendments prospectively as of the earliest date practicable. We are currently evaluating the impact of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 213.20 Td (our pending adoption ofASU 2016-15on our consolidated financial statements.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 196.40 Td (Statement of Cash Flows ) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 157.46 196.40 Td (- ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 162.96 196.40 Td (In November 2016 the FASB issued ASU 2016-18, Statement of Cash Flows \(Topic 230\): ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 185.60 Td (Restricted Cash) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 113.19 185.60 Td (. This new standard provides guidance on the presentation of restricted cash or restricted cash equivalents in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 174.80 Td (the statement of cash flows. The standardis effective for fiscal years beginning after December 15, 2017, which means that it ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 164.00 Td (will be effective for us in the first quarter of our fiscal year beginning August 1, 2018. We are currently evaluating the impact of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 153.20 Td (our pending adoption ofASU 2016-18on our consolidated financial statements.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 136.45 Td (Financial Instruments ) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 141.34 136.45 Td (- ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 146.84 136.45 Td (In June 2016 the FASB issued ASU 2016-13,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 331.46 136.45 Td (Financial InstrumentsCredit Losses \(Topic 326\).) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.39 136.45 Td ( This ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 125.65 Td (new standard requires the measurement of all expected credit losses for financial assets held at the reporting date based on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 114.85 Td (historical experience, current conditions, and reasonable and supportable forecasts. The standardis effective for fiscal years ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 104.05 Td (beginning after December 15, 2019, including interim periods within those fiscal years, which means that it will be effective for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 93.25 Td (us in the first quarter of our fiscal year beginning August 1, 2020. Earlier adoption is permitted in the first quarter of our fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 82.45 Td (year beginning August 1, 2019. We are currently evaluating the impact of our pending adoption of ASU 2016-13 on our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 71.65 Td (consolidated financial statements.) Tj ET Q endstream endobj 135 0 obj <>] /Rotate 0 /Contents 136 0 R>> endobj 136 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (66 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 742.20 Td (Leases ) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 80.49 742.20 Td (- ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 85.99 742.20 Td (In February 2016 the FASB issued ASU 2016-02,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 287.12 742.20 Td (Leases \(Topic 842\).) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 363.00 742.20 Td ( This new standard amends a number of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (aspects of lease accounting, including requiring lessees to recognize operating leases with a term greater than one year on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (their balance sheet as a right-of-use asset and corresponding lease liability, measured at the present value of the lease ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 709.80 Td (payments. The standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 699.00 Td (fiscal years, which means that it will be effective for us in the first quarter of our fiscal year beginning August 1, 2019. Early ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 688.20 Td (adoption is permitted. This standard is required to be adopted using a modified retrospective approach. We expect to elect ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 677.40 Td (certain available transitional practical expedients. In July 2018 the FASB issued ASU 2018-11,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 432.33 677.40 Td (Leases \(Topic 842\) Targeted ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 666.60 Td (Improvements," ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 117.55 666.60 Td (which allows for the adoption of this standard to be applied at the beginning of the most recent fiscal year as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 655.80 Td (opposed to at the beginning of the earliest year presented. We plan to adopt under the provisions allowed under ASU ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 645.00 Td (2018-11. While we continue to evaluate the impact of our pending adoption of ASU 2016-02 on our consolidated financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 634.20 Td (statements, we expect that the real estate and equipment leases designated as operating leases in Note 9 ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 486.54 634.20 Td (Long-Term ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 623.40 Td (Obligations and Commitments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 174.21 623.40 Td (, will be recognized as right-of-use assets and corresponding lease liabilities on our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 612.60 Td (consolidated balance sheets upon adoption. We do not expect the adoption of ASU 2016-02 to have a material impact on our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 601.80 Td (consolidated statements of operations. ) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 585.00 Td (Revenue from Contracts with Customers) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 220.14 585.00 Td ( - ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 228.30 585.00 Td (In May 2014 the FASB issued ASU 2014-09, Revenue from Contracts with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 574.20 Td (Customers \(Topic 606\). This new standard supersedes nearly all existing revenue recognition guidance under U.S. GAAP. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 563.40 Td (Under the new standard, revenue is recognized when promised goods or services are transferred to customers in an amount ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 552.60 Td (that reflects the consideration that is expected to be received for those goods or services. The new standard also requires ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 541.80 Td (additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 531.00 Td (contracts, including significant judgments and changes in judgments. The new standard is effective for reporting periods ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 520.20 Td (beginning after December 15, 2017, which means that it is effective for us beginning August 1, 2018.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 503.40 Td (The guidance permits two methods of adoption: retrospectively to each prior reporting period presented \(full retrospective ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 492.60 Td (method\) or retrospectively with the cumulative effect of applying the guidance recognized in retained earnings as of the date ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 481.80 Td (of adoption \(modified retrospective method\). We plan to adopt Topic 606 utilizing the full retrospective method. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 465.00 Td (In preparation for adoption of the standard, we have implemented internal controls and processes including key system ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 454.20 Td (functionality to enable the preparation of financial information and have reached conclusions on key accounting assessments ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 443.40 Td (related to the standard. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 426.60 Td (The most significant impact of the standard relates to the timing and amount of revenue recognized for our QuickBooks ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 415.80 Td (Desktop solutions and our consumer and professional tax desktop solutions. Our QuickBooks Desktop solutions include both ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 405.00 Td (packaged software products and software subscriptions.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 388.20 Td (Our QuickBooks Desktop packaged software products include a software license as well as enhancements and connected ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 377.40 Td (services. Under the current standard, we recognize revenue for the QuickBooks Desktop packaged software products ratably ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 366.60 Td (over the period that enhancements and connected services are provided, which is approximately three years. Under the new ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 355.80 Td (standard, we will recognize revenue for our QuickBooks Desktop packaged software products at the time the software license ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 345.00 Td (is delivered. We have determined that the enhancements and connected services included in our QuickBooks Desktop ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 334.20 Td (packaged software products are immaterial within the context of the contract.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 317.40 Td (Our QuickBooks Desktop software subscriptions include a software license, version protection, enhancements, support and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 306.60 Td (various connected services. Under the current standard, we recognize revenue for our QuickBooks Desktop software ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 295.80 Td (subscriptions ratably over the subscription term, which is generally one year. Under the new standard, we will recognize ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 285.00 Td (revenue for the software license and version protection at the time they are delivered and will recognize revenue for support ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 274.20 Td (and connected services over the subscription term as the services are provided. We have determined that the enhancements ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 263.40 Td (included in our QuickBooks Desktop software subscriptions are immaterial within the context of the contract. We expect the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 252.60 Td (timing of the revenue for our QuickBooks Desktop software subscriptions, which are included in our Small Business & Self-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 241.80 Td (Employed reporting segment, to shift to an earlier quarter within each fiscal year as a result of these changes.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 225.00 Td (With respect to our consumer and professional tax desktop solutions, under the current standard, we recognize all revenue ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 214.20 Td (related to the desktop solutions as services are provided. Under the new standard, we will recognize revenue for the desktop ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 203.40 Td (tax preparation software license and related tax form updates as the forms and updates are delivered. We will recognize ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 192.60 Td (revenue for our electronic filing and connected services as those services are provided. As sales and delivery of desktop tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 181.80 Td (preparation software solutions and related services are concentrated from November through April, we expect the timing of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 171.00 Td (the related desktop revenue for our Consumer and Strategic Partner reporting segments to shift to earlier quarters within each ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 160.20 Td (fiscal year as a result of these changes.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 143.40 Td (Under the new standard, we are required to recognize an asset for the incremental costs of obtaining a contract with a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 132.60 Td (customer if we expect the benefit of those costs to be longer than one year. We have determined that internal sales ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 121.80 Td (commissions related to our subscription offerings meet the requirements to be capitalized. The total capitalized costs to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 111.00 Td (obtain a contact are included in prepaid expenses and other current assets and other assets on our consolidated balance ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 100.20 Td (sheets. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 83.40 Td (The adoption of the standard will result in a decrease in deferred revenue of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.85 83.40 Td ($574 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 409.03 83.40 Td ( and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.20 83.40 Td ($514 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.38 83.40 Td ( as of July 31, 2018 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 72.60 Td (and 2017, respectively, and an increase in liabilities included in our net deferred tax asset and liability positions of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.33 72.60 Td ($146 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.51 72.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 61.80 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.68 61.80 Td ($201 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 116.85 61.80 Td ( as of July 31, 2018 and 2017, respectively, primarily related to the change in revenue recognition for our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 51.00 Td (QuickBooks Desktop and professional tax desktop solutions. ) Tj ET Q endstream endobj 137 0 obj <>] /Rotate 0 /Contents 138 0 R>> endobj 138 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (67 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (The adoption of the standard will also result in an increase in revenue for fiscal 2018 and 2017, primarily due to the change in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (revenue recognition for our QuickBooks Desktop solutions. In addition, the fiscal 2018 provision for income taxes decreased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td ($55 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.17 720.60 Td (. As a result of the acceleration of profits under the new revenue standard, there was an increase in deferred tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 709.80 Td (liabilities which resulted in a net deferred tax liability position. The re-measurement of the net deferred tax liability during ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 699.00 Td (fiscal 2018 resulted in a provisional tax benefit when re-measured at the enacted lower tax rate under the Tax Cuts and Jobs ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 688.20 Td (Act \(2017 Tax Act\). The incremental tax benefit of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.61 688.20 Td ($73 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.79 688.20 Td ( related to the re-measurement was partially offset by an ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.59 688.20 Td ($18 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 677.40 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.66 677.40 Td ( tax charge for additional income before taxes as a result of the increase in revenue. The fiscal 2017 provision for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 666.60 Td (income taxes increased primarily due to additional income before taxes as a result of the increase in revenue.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 649.80 Td (See Expected Impacts to Reported Results below for the impact of adoption of the standard on our consolidated financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 639.00 Td (statements.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 616.20 Td (Expected Impacts to Reported Results) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 599.40 Td (Adoption of Topic 606 is expected to impact our reported results as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 579.90 314.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 579.90 198.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 566.90 314.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 566.90 62.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 566.90 6.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 566.90 62.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 566.90 6.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 566.90 62.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 545.90 314.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 545.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 545.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 545.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 545.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 545.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 531.90 314.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 531.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 531.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 531.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 531.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 531.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 517.90 314.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 517.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 517.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 517.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 517.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 517.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 503.90 314.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 503.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 503.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 503.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 503.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 503.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 489.90 314.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 489.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 489.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 489.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 489.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 489.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 475.90 314.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 475.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 475.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 475.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 475.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 475.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 461.90 314.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 461.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 461.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 461.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 461.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 461.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 447.90 314.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 447.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 447.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 447.90 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 447.90 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 447.90 62.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 566.9 m 426.5 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 566.9 m 432.5 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 566.9 m 494.5 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 566.9 m 500.5 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 566.9 m 562.5 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 566.9 m 426.5 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 545.9 m 426.5 545.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 566.9 m 432.5 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 545.9 m 432.5 545.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 566.9 m 494.5 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 545.9 m 494.5 545.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 566.9 m 500.5 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 545.9 m 500.5 545.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 566.9 m 562.5 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 545.9 m 562.5 545.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 545.9 m 426.5 545.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 545.9 m 494.5 545.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 545.9 m 562.5 545.9 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.80 571.35 Td (July 31, 2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 550.35 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.70 550.35 Td (As Reported) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.90 558.35 Td (Topic 606) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.25 550.35 Td (Adjustment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.55 550.35 Td (As Adjusted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 536.60 Td (Prepaid expenses and other current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.00 536.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 536.60 Td (184) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 536.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.40 536.60 Td (18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.00 536.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 536.60 Td (202) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 522.60 Td (Long-term deferred income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.40 522.60 Td (87) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.90 522.60 Td (\(85) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.45 522.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.40 522.60 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 508.60 Td (Other assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 508.60 Td (190) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.40 508.60 Td (23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 508.60 Td (213) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 494.60 Td (Deferred revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 494.60 Td (961) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.90 494.60 Td (\(380) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.45 494.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 494.60 Td (581) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 480.60 Td (Other current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 480.60 Td (191) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.40 480.60 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 480.60 Td (198) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 466.60 Td (Long-term deferred revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 466.60 Td (197) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.90 466.60 Td (\(194) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.45 466.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.40 466.60 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 452.60 Td (Other long-term obligations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 452.60 Td (123) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.40 452.60 Td (61) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 452.60 Td (184) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 438.60 Td (Stockholders equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.90 438.60 Td (2,354) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.40 438.60 Td (462) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.90 438.60 Td (2,816) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 395.9 m 426.5 395.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 395.9 m 432.5 395.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 395.9 m 494.5 395.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 395.9 m 500.5 395.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 395.9 m 562.5 395.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 395.9 m 426.5 395.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 374.9 m 426.5 374.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 395.9 m 432.5 395.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 374.9 m 432.5 374.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 395.9 m 494.5 395.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 374.9 m 494.5 374.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 395.9 m 500.5 395.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 374.9 m 500.5 374.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 395.9 m 562.5 395.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 374.9 m 562.5 374.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 374.9 m 426.5 374.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 374.9 m 494.5 374.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 374.9 m 562.5 374.9 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.80 400.35 Td (July 31, 2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 379.35 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.70 379.35 Td (As Reported) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.90 387.35 Td (Topic 606) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.25 379.35 Td (Adjustment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.55 379.35 Td (As Adjusted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 365.60 Td (Prepaid expenses and other current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.00 365.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 365.60 Td (100) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 365.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.40 365.60 Td (18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.00 365.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 365.60 Td (118) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 351.60 Td (Long-term deferred income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 351.60 Td (132) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.90 351.60 Td (\(130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.45 351.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.40 351.60 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 337.60 Td (Other assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 337.60 Td (143) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.40 337.60 Td (21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 337.60 Td (164) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 323.60 Td (Deferred revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 323.60 Td (887) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.90 323.60 Td (\(313) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.45 323.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 323.60 Td (574) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 309.60 Td (Other current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 309.60 Td (178) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.40 309.60 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 309.60 Td (185) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 295.60 Td (Long-term deferred revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 295.60 Td (202) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.90 295.60 Td (\(201) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.45 295.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.40 295.60 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 281.60 Td (Other long-term obligations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 281.60 Td (130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.40 281.60 Td (71) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 281.60 Td (201) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 267.60 Td (Stockholders equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.90 267.60 Td (1,354) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.40 267.60 Td (345) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.90 267.60 Td (1,699) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 139 0 obj <>] /Rotate 0 /Contents 140 0 R>> endobj 140 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (68 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 748.50 314.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 748.50 198.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 735.50 314.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 735.50 62.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 735.50 6.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 735.50 62.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 735.50 6.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 735.50 62.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 714.50 314.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 714.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 714.50 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 714.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 714.50 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 714.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 700.50 314.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 700.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 700.50 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 700.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 700.50 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 700.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 686.50 314.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 686.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 686.50 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 686.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 686.50 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 686.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 672.50 314.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 672.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 672.50 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 672.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 672.50 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 672.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 658.50 314.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 658.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 658.50 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 658.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 658.50 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 658.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 644.50 314.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 644.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 644.50 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 644.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 644.50 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 644.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 630.50 314.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 630.50 62.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 630.50 6.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 630.50 62.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 630.50 6.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 630.50 62.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 625.50 314.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 625.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 625.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 625.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 625.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 625.50 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 735.5 m 426.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 735.5 m 432.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 735.5 m 494.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 735.5 m 500.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 735.5 m 562.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 714.5 m 426.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 714.5 m 432.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 714.5 m 494.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 714.5 m 500.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 714.5 m 562.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 714.5 m 426.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 714.5 m 494.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 714.5 m 562.5 714.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.35 739.95 Td (Twelve Months Ended July 31, 2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 718.95 Td (\(In millions, except per share amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.70 718.95 Td (As Reported) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.90 726.95 Td (Topic 606) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.25 718.95 Td (Adjustment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.55 718.95 Td (As Adjusted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 705.20 Td (Net revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.00 705.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.90 705.20 Td (5,964) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 705.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.40 705.20 Td (61) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.00 705.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.90 705.20 Td (6,025) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 691.20 Td (Cost of revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 691.20 Td (977) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.40 691.20 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 691.20 Td (978) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 677.20 Td (Selling and marketing expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.90 677.20 Td (1,634) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.90 677.20 Td (\(3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.45 677.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.90 677.20 Td (1,631) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 663.20 Td (Operating income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.90 663.20 Td (1,497) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.40 663.20 Td (63) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.90 663.20 Td (1,560) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 649.20 Td (Income tax provision) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 649.20 Td (292) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.90 649.20 Td (\(55) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.45 649.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 649.20 Td (237) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 635.20 Td (Net income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.90 635.20 Td (1,211) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.40 635.20 Td (118) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.90 635.20 Td (1,329) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 615.20 Td (Diluted earnings per share) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.00 615.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.90 615.20 Td (4.64) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 615.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.90 615.20 Td (0.45) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.00 615.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.90 615.20 Td (5.09) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 575.5 m 426.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 575.5 m 432.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 575.5 m 494.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 575.5 m 500.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 575.5 m 562.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 575.5 m 426.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 554.5 m 426.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 575.5 m 432.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 554.5 m 432.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 575.5 m 494.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 554.5 m 494.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 575.5 m 500.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 554.5 m 500.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 575.5 m 562.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 554.5 m 562.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 554.5 m 426.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 554.5 m 494.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 554.5 m 562.5 554.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.35 579.95 Td (Twelve Months Ended July 31, 2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 558.95 Td (\(In millions, except per share amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.70 558.95 Td (As Reported) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.90 566.95 Td (Topic 606) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.25 558.95 Td (Adjustment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.55 558.95 Td (As Adjusted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 545.20 Td (Net revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.00 545.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.90 545.20 Td (5,177) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 545.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.40 545.20 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.00 545.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.90 545.20 Td (5,196) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 531.20 Td (Cost of revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 531.20 Td (809) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.40 531.20 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 531.20 Td (810) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 517.20 Td (Selling and marketing expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.90 517.20 Td (1,420) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.90 517.20 Td (\(5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.45 517.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.90 517.20 Td (1,415) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 503.20 Td (Operating income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.90 503.20 Td (1,395) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.40 503.20 Td (23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.90 503.20 Td (1,418) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 489.20 Td (Income tax provision) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 489.20 Td (396) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.40 489.20 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 489.20 Td (405) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 475.20 Td (Net income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.40 475.20 Td (971) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.40 475.20 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 475.20 Td (985) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 455.20 Td (Diluted earnings per share) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.00 455.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.90 455.20 Td (3.72) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 455.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.90 455.20 Td (0.06) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.00 455.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.90 455.20 Td (3.78) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 431.20 Td (Adoption ) Tj ET Q q 0 0 0 rg BT 91.30 431.20 Td (of ) Tj ET Q q 0 0 0 rg BT 102.43 431.20 Td (Topic ) Tj ET Q q 0 0 0 rg BT 126.89 431.20 Td (606 ) Tj ET Q q 0 0 0 rg BT 144.84 431.20 Td (had ) Tj ET Q q 0 0 0 rg BT 162.96 431.20 Td (no ) Tj ET Q q 0 0 0 rg BT 176.26 431.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 206.71 431.20 Td (to ) Tj ET Q q 0 0 0 rg BT 218.17 431.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 238.96 431.20 Td (from ) Tj ET Q q 0 0 0 rg BT 260.76 431.20 Td (or ) Tj ET Q q 0 0 0 rg BT 272.22 431.20 Td (used ) Tj ET Q q 0 0 0 rg BT 294.50 431.20 Td (in ) Tj ET Q q 0 0 0 rg BT 304.61 431.20 Td (operating, ) Tj ET Q q 0 0 0 rg BT 349.58 431.20 Td (financing, ) Tj ET Q q 0 0 0 rg BT 391.70 431.20 Td (or ) Tj ET Q q 0 0 0 rg BT 403.16 431.20 Td (investing ) Tj ET Q q 0 0 0 rg BT 442.28 431.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 480.22 431.20 Td (on ) Tj ET Q q 0 0 0 rg BT 493.52 431.20 Td (our ) Tj ET Q q 0 0 0 rg BT 509.98 431.20 Td (consolidated ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 420.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 97.02 420.40 Td (of ) Tj ET Q q 0 0 0 rg BT 107.71 420.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 128.06 420.40 Td (flow.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 397.60 Td (We do not expect that any other recently issued accounting pronouncements will have a significant effect on our financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 386.80 Td (statements.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 358.30 512.00 -18.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 340.3 m 562.5 340.3 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 345.97 Td (2. Fair Value Measurements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 50.5 305.3 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 305.3 l 52.5 305.3 m 53.5 305.3 l 54.5 305.3 m 55.5 305.3 l 56.5 305.3 m 57.5 305.3 l 58.5 305.3 m 59.5 305.3 l 60.5 305.3 m 61.5 305.3 l 62.5 305.3 m 63.5 305.3 l 64.5 305.3 m 65.5 305.3 l 66.5 305.3 m 67.5 305.3 l 68.5 305.3 m 69.5 305.3 l 70.5 305.3 m 71.5 305.3 l 72.5 305.3 m 73.5 305.3 l 74.5 305.3 m 75.5 305.3 l 76.5 305.3 m 77.5 305.3 l 78.5 305.3 m 79.5 305.3 l 80.5 305.3 m 81.5 305.3 l 82.5 305.3 m 83.5 305.3 l 84.5 305.3 m 85.5 305.3 l 86.5 305.3 m 87.5 305.3 l 88.5 305.3 m 89.5 305.3 l 90.5 305.3 m 91.5 305.3 l 92.5 305.3 m 93.5 305.3 l 94.5 305.3 m 95.5 305.3 l 96.5 305.3 m 97.5 305.3 l 98.5 305.3 m 99.5 305.3 l 100.5 305.3 m 101.5 305.3 l 102.5 305.3 m 103.5 305.3 l 104.5 305.3 m 105.5 305.3 l 106.5 305.3 m 107.5 305.3 l 108.5 305.3 m 109.5 305.3 l 110.5 305.3 m 111.5 305.3 l 112.5 305.3 m 113.5 305.3 l 114.5 305.3 m 115.5 305.3 l 116.5 305.3 m 117.5 305.3 l 118.5 305.3 m 119.5 305.3 l 120.5 305.3 m 121.5 305.3 l 122.5 305.3 m 123.5 305.3 l 124.5 305.3 m 125.5 305.3 l 126.5 305.3 m 127.5 305.3 l 128.5 305.3 m 129.5 305.3 l 130.5 305.3 m 131.5 305.3 l 132.5 305.3 m 133.5 305.3 l 134.5 305.3 m 135.5 305.3 l 136.5 305.3 m 137.5 305.3 l 138.5 305.3 m 139.5 305.3 l 140.5 305.3 m 141.5 305.3 l 142.5 305.3 m 143.5 305.3 l 144.5 305.3 m 145.5 305.3 l 146.5 305.3 m 147.5 305.3 l 148.5 305.3 m 149.5 305.3 l 150.5 305.3 m 151.5 305.3 l 152.5 305.3 m 153.5 305.3 l 154.5 305.3 m 155.5 305.3 l 156.5 305.3 m 157.5 305.3 l 158.5 305.3 m 159.5 305.3 l 160.5 305.3 m 161.5 305.3 l 162.5 305.3 m 163.5 305.3 l 164.5 305.3 m 165.5 305.3 l 166.5 305.3 m 167.5 305.3 l 168.5 305.3 m 169.5 305.3 l 170.5 305.3 m 171.5 305.3 l 172.5 305.3 m 173.5 305.3 l 174.5 305.3 m 175.5 305.3 l 176.5 305.3 m 177.5 305.3 l 178.5 305.3 m 179.5 305.3 l 180.5 305.3 m 181.5 305.3 l 182.5 305.3 m 183.5 305.3 l 184.5 305.3 m 185.5 305.3 l 186.5 305.3 m 187.5 305.3 l 188.5 305.3 m 189.5 305.3 l 190.5 305.3 m 191.5 305.3 l 192.5 305.3 m 193.5 305.3 l 194.5 305.3 m 195.5 305.3 l 196.5 305.3 m 197.5 305.3 l 198.5 305.3 m 199.5 305.3 l 200.5 305.3 m 201.5 305.3 l 202.5 305.3 m 203.5 305.3 l 204.5 305.3 m 205.5 305.3 l 206.5 305.3 m 207.5 305.3 l 208.5 305.3 m 209.5 305.3 l 210.5 305.3 m 211.5 305.3 l 212.5 305.3 m 213.5 305.3 l 214.5 305.3 m 215.5 305.3 l 216.5 305.3 m 217.5 305.3 l 218.5 305.3 m 219.5 305.3 l 220.5 305.3 m 221.5 305.3 l 222.5 305.3 m 223.5 305.3 l 224.5 305.3 m 225.5 305.3 l 226.5 305.3 m 227.5 305.3 l 228.5 305.3 m 229.5 305.3 l 230.5 305.3 m 231.5 305.3 l 232.5 305.3 m 233.5 305.3 l 234.5 305.3 m 235.5 305.3 l 236.5 305.3 m 237.5 305.3 l 238.5 305.3 m 239.5 305.3 l 240.5 305.3 m 241.5 305.3 l 242.5 305.3 m 243.5 305.3 l 244.5 305.3 m 245.5 305.3 l 246.5 305.3 m 247.5 305.3 l 248.5 305.3 m 249.5 305.3 l 250.5 305.3 m 251.5 305.3 l 252.5 305.3 m 253.5 305.3 l 254.5 305.3 m 255.5 305.3 l 256.5 305.3 m 257.5 305.3 l 258.5 305.3 m 259.5 305.3 l 260.5 305.3 m 261.5 305.3 l 262.5 305.3 m 263.5 305.3 l 264.5 305.3 m 265.5 305.3 l 266.5 305.3 m 267.5 305.3 l 268.5 305.3 m 269.5 305.3 l 270.5 305.3 m 271.5 305.3 l 272.5 305.3 m 273.5 305.3 l 274.5 305.3 m 275.5 305.3 l 276.5 305.3 m 277.5 305.3 l 278.5 305.3 m 279.5 305.3 l 280.5 305.3 m 281.5 305.3 l 282.5 305.3 m 283.5 305.3 l 284.5 305.3 m 285.5 305.3 l 286.5 305.3 m 287.5 305.3 l 288.5 305.3 m 289.5 305.3 l 290.5 305.3 m 291.5 305.3 l 292.5 305.3 m 293.5 305.3 l 294.5 305.3 m 295.5 305.3 l 296.5 305.3 m 297.5 305.3 l 298.5 305.3 m 299.5 305.3 l 300.5 305.3 m 301.5 305.3 l 302.5 305.3 m 303.5 305.3 l 304.5 305.3 m 305.5 305.3 l 306.5 305.3 m 307.5 305.3 l 308.5 305.3 m 309.5 305.3 l 310.5 305.3 m 311.5 305.3 l 312.5 305.3 m 313.5 305.3 l 314.5 305.3 m 315.5 305.3 l 316.5 305.3 m 317.5 305.3 l 318.5 305.3 m 319.5 305.3 l 320.5 305.3 m 321.5 305.3 l 322.5 305.3 m 323.5 305.3 l 324.5 305.3 m 325.5 305.3 l 326.5 305.3 m 327.5 305.3 l 328.5 305.3 m 329.5 305.3 l 330.5 305.3 m 331.5 305.3 l 332.5 305.3 m 333.5 305.3 l 334.5 305.3 m 335.5 305.3 l 336.5 305.3 m 337.5 305.3 l 338.5 305.3 m 339.5 305.3 l 340.5 305.3 m 341.5 305.3 l 342.5 305.3 m 343.5 305.3 l 344.5 305.3 m 345.5 305.3 l 346.5 305.3 m 347.5 305.3 l 348.5 305.3 m 349.5 305.3 l 350.5 305.3 m 351.5 305.3 l 352.5 305.3 m 353.5 305.3 l 354.5 305.3 m 355.5 305.3 l 356.5 305.3 m 357.5 305.3 l 358.5 305.3 m 359.5 305.3 l 360.5 305.3 m 361.5 305.3 l 362.5 305.3 m 363.5 305.3 l 364.5 305.3 m 365.5 305.3 l 366.5 305.3 m 367.5 305.3 l 368.5 305.3 m 369.5 305.3 l 370.5 305.3 m 371.5 305.3 l 372.5 305.3 m 373.5 305.3 l 374.5 305.3 m 375.5 305.3 l 376.5 305.3 m 377.5 305.3 l 378.5 305.3 m 379.5 305.3 l 380.5 305.3 m 381.5 305.3 l 382.5 305.3 m 383.5 305.3 l 384.5 305.3 m 385.5 305.3 l 386.5 305.3 m 387.5 305.3 l 388.5 305.3 m 389.5 305.3 l 390.5 305.3 m 391.5 305.3 l 392.5 305.3 m 393.5 305.3 l 394.5 305.3 m 395.5 305.3 l 396.5 305.3 m 397.5 305.3 l 398.5 305.3 m 399.5 305.3 l 400.5 305.3 m 401.5 305.3 l 402.5 305.3 m 403.5 305.3 l 404.5 305.3 m 405.5 305.3 l 406.5 305.3 m 407.5 305.3 l 408.5 305.3 m 409.5 305.3 l 410.5 305.3 m 411.5 305.3 l 412.5 305.3 m 413.5 305.3 l 414.5 305.3 m 415.5 305.3 l 416.5 305.3 m 417.5 305.3 l 418.5 305.3 m 419.5 305.3 l 420.5 305.3 m 421.5 305.3 l 422.5 305.3 m 423.5 305.3 l 424.5 305.3 m 425.5 305.3 l 426.5 305.3 m 427.5 305.3 l 428.5 305.3 m 429.5 305.3 l 430.5 305.3 m 431.5 305.3 l 432.5 305.3 m 433.5 305.3 l 434.5 305.3 m 435.5 305.3 l 436.5 305.3 m 437.5 305.3 l 438.5 305.3 m 439.5 305.3 l 440.5 305.3 m 441.5 305.3 l 442.5 305.3 m 443.5 305.3 l 444.5 305.3 m 445.5 305.3 l 446.5 305.3 m 447.5 305.3 l 448.5 305.3 m 449.5 305.3 l 450.5 305.3 m 451.5 305.3 l 452.5 305.3 m 453.5 305.3 l 454.5 305.3 m 455.5 305.3 l 456.5 305.3 m 457.5 305.3 l 458.5 305.3 m 459.5 305.3 l 460.5 305.3 m 461.5 305.3 l 462.5 305.3 m 463.5 305.3 l 464.5 305.3 m 465.5 305.3 l 466.5 305.3 m 467.5 305.3 l 468.5 305.3 m 469.5 305.3 l 470.5 305.3 m 471.5 305.3 l 472.5 305.3 m 473.5 305.3 l 474.5 305.3 m 475.5 305.3 l 476.5 305.3 m 477.5 305.3 l 478.5 305.3 m 479.5 305.3 l 480.5 305.3 m 481.5 305.3 l 482.5 305.3 m 483.5 305.3 l 484.5 305.3 m 485.5 305.3 l 486.5 305.3 m 487.5 305.3 l 488.5 305.3 m 489.5 305.3 l 490.5 305.3 m 491.5 305.3 l 492.5 305.3 m 493.5 305.3 l 494.5 305.3 m 495.5 305.3 l 496.5 305.3 m 497.5 305.3 l 498.5 305.3 m 499.5 305.3 l 500.5 305.3 m 501.5 305.3 l 502.5 305.3 m 503.5 305.3 l 504.5 305.3 m 505.5 305.3 l 506.5 305.3 m 507.5 305.3 l 508.5 305.3 m 509.5 305.3 l 510.5 305.3 m 511.5 305.3 l 512.5 305.3 m 513.5 305.3 l 514.5 305.3 m 515.5 305.3 l 516.5 305.3 m 517.5 305.3 l 518.5 305.3 m 519.5 305.3 l 520.5 305.3 m 521.5 305.3 l 522.5 305.3 m 523.5 305.3 l 524.5 305.3 m 525.5 305.3 l 526.5 305.3 m 527.5 305.3 l 528.5 305.3 m 529.5 305.3 l 530.5 305.3 m 531.5 305.3 l 532.5 305.3 m 533.5 305.3 l 534.5 305.3 m 535.5 305.3 l 536.5 305.3 m 537.5 305.3 l 538.5 305.3 m 539.5 305.3 l 540.5 305.3 m 541.5 305.3 l 542.5 305.3 m 543.5 305.3 l 544.5 305.3 m 545.5 305.3 l 546.5 305.3 m 547.5 305.3 l 548.5 305.3 m 549.5 305.3 l 550.5 305.3 m 551.5 305.3 l 552.5 305.3 m 553.5 305.3 l 554.5 305.3 m 555.5 305.3 l 556.5 305.3 m 557.5 305.3 l 558.5 305.3 m 559.5 305.3 l 560.5 305.3 m 561.5 305.3 l 562.5 305.3 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 310.48 Td (Fair Value Hierarchy) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 289.00 Td (The authoritative guidance defines fair value as the price that would be received from the sale of an asset or paid to transfer a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 278.20 Td (liability in an orderly transaction between market participants on the measurement date. When determining fair value, we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 267.40 Td (consider the principal or most advantageous market for an asset or liability and assumptions that market participants would ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 256.60 Td (use when pricing the asset or liability. In addition, we consider and use all valuation methods that are appropriate in estimating ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 245.80 Td (the fair value of an asset or liability.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 229.00 Td (The authoritative guidance establishes a fair value hierarchy that is based on the extent and level of judgment used to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 218.20 Td (estimate the fair value of assets and liabilities. In general, the authoritative guidance requires us to maximize the use of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 207.40 Td (observable inputs and minimize the use of unobservable inputs when measuring fair value. An asset or liabilitys categorization ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 196.60 Td (within the fair value hierarchy is based upon the lowest level of input that is significant to the measurement of its fair value. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 185.85 Td (The three levels of input defined by the authoritative guidance are as follows:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 169.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 169.05 Td (Level 1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 116.01 169.05 Td ( uses unadjusted quoted prices that are available in active markets for identical assets or liabilities.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 152.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 152.25 Td (Level 2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 116.01 152.25 Td ( uses inputs other than quoted prices included in Level 1 that are either directly or indirectly observable ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 141.45 Td (through correlation with market data. These include quoted prices in active markets for similar assets or liabilities: ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 130.65 Td (quoted prices for identical or similar assets or liabilities in markets that are not active; and inputs to valuation models ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 119.85 Td (or other pricing methodologies that do not require significant judgment because the inputs used in the model, such ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 109.05 Td (as interest rates and volatility, can be corroborated by readily observable market data for substantially the full term of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 98.25 Td (the assets or liabilities.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 68.00 81.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 86.00 81.45 Td (Level 3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 116.01 81.45 Td ( uses one or more unobservable inputs that are supported by little or no market activity and that are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 70.65 Td (significant to the determination of fair value. Level 3 assets and liabilities include those whose fair values are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 59.85 Td (determined using pricing models, discounted cash flow methodologies or similar valuation techniques and significant ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 49.05 Td (management judgment or estimation.) Tj ET Q endstream endobj 141 0 obj <>] /Rotate 0 /Contents 142 0 R>> endobj 142 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (69 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 50.5 732.5 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 732.5 l 52.5 732.5 m 53.5 732.5 l 54.5 732.5 m 55.5 732.5 l 56.5 732.5 m 57.5 732.5 l 58.5 732.5 m 59.5 732.5 l 60.5 732.5 m 61.5 732.5 l 62.5 732.5 m 63.5 732.5 l 64.5 732.5 m 65.5 732.5 l 66.5 732.5 m 67.5 732.5 l 68.5 732.5 m 69.5 732.5 l 70.5 732.5 m 71.5 732.5 l 72.5 732.5 m 73.5 732.5 l 74.5 732.5 m 75.5 732.5 l 76.5 732.5 m 77.5 732.5 l 78.5 732.5 m 79.5 732.5 l 80.5 732.5 m 81.5 732.5 l 82.5 732.5 m 83.5 732.5 l 84.5 732.5 m 85.5 732.5 l 86.5 732.5 m 87.5 732.5 l 88.5 732.5 m 89.5 732.5 l 90.5 732.5 m 91.5 732.5 l 92.5 732.5 m 93.5 732.5 l 94.5 732.5 m 95.5 732.5 l 96.5 732.5 m 97.5 732.5 l 98.5 732.5 m 99.5 732.5 l 100.5 732.5 m 101.5 732.5 l 102.5 732.5 m 103.5 732.5 l 104.5 732.5 m 105.5 732.5 l 106.5 732.5 m 107.5 732.5 l 108.5 732.5 m 109.5 732.5 l 110.5 732.5 m 111.5 732.5 l 112.5 732.5 m 113.5 732.5 l 114.5 732.5 m 115.5 732.5 l 116.5 732.5 m 117.5 732.5 l 118.5 732.5 m 119.5 732.5 l 120.5 732.5 m 121.5 732.5 l 122.5 732.5 m 123.5 732.5 l 124.5 732.5 m 125.5 732.5 l 126.5 732.5 m 127.5 732.5 l 128.5 732.5 m 129.5 732.5 l 130.5 732.5 m 131.5 732.5 l 132.5 732.5 m 133.5 732.5 l 134.5 732.5 m 135.5 732.5 l 136.5 732.5 m 137.5 732.5 l 138.5 732.5 m 139.5 732.5 l 140.5 732.5 m 141.5 732.5 l 142.5 732.5 m 143.5 732.5 l 144.5 732.5 m 145.5 732.5 l 146.5 732.5 m 147.5 732.5 l 148.5 732.5 m 149.5 732.5 l 150.5 732.5 m 151.5 732.5 l 152.5 732.5 m 153.5 732.5 l 154.5 732.5 m 155.5 732.5 l 156.5 732.5 m 157.5 732.5 l 158.5 732.5 m 159.5 732.5 l 160.5 732.5 m 161.5 732.5 l 162.5 732.5 m 163.5 732.5 l 164.5 732.5 m 165.5 732.5 l 166.5 732.5 m 167.5 732.5 l 168.5 732.5 m 169.5 732.5 l 170.5 732.5 m 171.5 732.5 l 172.5 732.5 m 173.5 732.5 l 174.5 732.5 m 175.5 732.5 l 176.5 732.5 m 177.5 732.5 l 178.5 732.5 m 179.5 732.5 l 180.5 732.5 m 181.5 732.5 l 182.5 732.5 m 183.5 732.5 l 184.5 732.5 m 185.5 732.5 l 186.5 732.5 m 187.5 732.5 l 188.5 732.5 m 189.5 732.5 l 190.5 732.5 m 191.5 732.5 l 192.5 732.5 m 193.5 732.5 l 194.5 732.5 m 195.5 732.5 l 196.5 732.5 m 197.5 732.5 l 198.5 732.5 m 199.5 732.5 l 200.5 732.5 m 201.5 732.5 l 202.5 732.5 m 203.5 732.5 l 204.5 732.5 m 205.5 732.5 l 206.5 732.5 m 207.5 732.5 l 208.5 732.5 m 209.5 732.5 l 210.5 732.5 m 211.5 732.5 l 212.5 732.5 m 213.5 732.5 l 214.5 732.5 m 215.5 732.5 l 216.5 732.5 m 217.5 732.5 l 218.5 732.5 m 219.5 732.5 l 220.5 732.5 m 221.5 732.5 l 222.5 732.5 m 223.5 732.5 l 224.5 732.5 m 225.5 732.5 l 226.5 732.5 m 227.5 732.5 l 228.5 732.5 m 229.5 732.5 l 230.5 732.5 m 231.5 732.5 l 232.5 732.5 m 233.5 732.5 l 234.5 732.5 m 235.5 732.5 l 236.5 732.5 m 237.5 732.5 l 238.5 732.5 m 239.5 732.5 l 240.5 732.5 m 241.5 732.5 l 242.5 732.5 m 243.5 732.5 l 244.5 732.5 m 245.5 732.5 l 246.5 732.5 m 247.5 732.5 l 248.5 732.5 m 249.5 732.5 l 250.5 732.5 m 251.5 732.5 l 252.5 732.5 m 253.5 732.5 l 254.5 732.5 m 255.5 732.5 l 256.5 732.5 m 257.5 732.5 l 258.5 732.5 m 259.5 732.5 l 260.5 732.5 m 261.5 732.5 l 262.5 732.5 m 263.5 732.5 l 264.5 732.5 m 265.5 732.5 l 266.5 732.5 m 267.5 732.5 l 268.5 732.5 m 269.5 732.5 l 270.5 732.5 m 271.5 732.5 l 272.5 732.5 m 273.5 732.5 l 274.5 732.5 m 275.5 732.5 l 276.5 732.5 m 277.5 732.5 l 278.5 732.5 m 279.5 732.5 l 280.5 732.5 m 281.5 732.5 l 282.5 732.5 m 283.5 732.5 l 284.5 732.5 m 285.5 732.5 l 286.5 732.5 m 287.5 732.5 l 288.5 732.5 m 289.5 732.5 l 290.5 732.5 m 291.5 732.5 l 292.5 732.5 m 293.5 732.5 l 294.5 732.5 m 295.5 732.5 l 296.5 732.5 m 297.5 732.5 l 298.5 732.5 m 299.5 732.5 l 300.5 732.5 m 301.5 732.5 l 302.5 732.5 m 303.5 732.5 l 304.5 732.5 m 305.5 732.5 l 306.5 732.5 m 307.5 732.5 l 308.5 732.5 m 309.5 732.5 l 310.5 732.5 m 311.5 732.5 l 312.5 732.5 m 313.5 732.5 l 314.5 732.5 m 315.5 732.5 l 316.5 732.5 m 317.5 732.5 l 318.5 732.5 m 319.5 732.5 l 320.5 732.5 m 321.5 732.5 l 322.5 732.5 m 323.5 732.5 l 324.5 732.5 m 325.5 732.5 l 326.5 732.5 m 327.5 732.5 l 328.5 732.5 m 329.5 732.5 l 330.5 732.5 m 331.5 732.5 l 332.5 732.5 m 333.5 732.5 l 334.5 732.5 m 335.5 732.5 l 336.5 732.5 m 337.5 732.5 l 338.5 732.5 m 339.5 732.5 l 340.5 732.5 m 341.5 732.5 l 342.5 732.5 m 343.5 732.5 l 344.5 732.5 m 345.5 732.5 l 346.5 732.5 m 347.5 732.5 l 348.5 732.5 m 349.5 732.5 l 350.5 732.5 m 351.5 732.5 l 352.5 732.5 m 353.5 732.5 l 354.5 732.5 m 355.5 732.5 l 356.5 732.5 m 357.5 732.5 l 358.5 732.5 m 359.5 732.5 l 360.5 732.5 m 361.5 732.5 l 362.5 732.5 m 363.5 732.5 l 364.5 732.5 m 365.5 732.5 l 366.5 732.5 m 367.5 732.5 l 368.5 732.5 m 369.5 732.5 l 370.5 732.5 m 371.5 732.5 l 372.5 732.5 m 373.5 732.5 l 374.5 732.5 m 375.5 732.5 l 376.5 732.5 m 377.5 732.5 l 378.5 732.5 m 379.5 732.5 l 380.5 732.5 m 381.5 732.5 l 382.5 732.5 m 383.5 732.5 l 384.5 732.5 m 385.5 732.5 l 386.5 732.5 m 387.5 732.5 l 388.5 732.5 m 389.5 732.5 l 390.5 732.5 m 391.5 732.5 l 392.5 732.5 m 393.5 732.5 l 394.5 732.5 m 395.5 732.5 l 396.5 732.5 m 397.5 732.5 l 398.5 732.5 m 399.5 732.5 l 400.5 732.5 m 401.5 732.5 l 402.5 732.5 m 403.5 732.5 l 404.5 732.5 m 405.5 732.5 l 406.5 732.5 m 407.5 732.5 l 408.5 732.5 m 409.5 732.5 l 410.5 732.5 m 411.5 732.5 l 412.5 732.5 m 413.5 732.5 l 414.5 732.5 m 415.5 732.5 l 416.5 732.5 m 417.5 732.5 l 418.5 732.5 m 419.5 732.5 l 420.5 732.5 m 421.5 732.5 l 422.5 732.5 m 423.5 732.5 l 424.5 732.5 m 425.5 732.5 l 426.5 732.5 m 427.5 732.5 l 428.5 732.5 m 429.5 732.5 l 430.5 732.5 m 431.5 732.5 l 432.5 732.5 m 433.5 732.5 l 434.5 732.5 m 435.5 732.5 l 436.5 732.5 m 437.5 732.5 l 438.5 732.5 m 439.5 732.5 l 440.5 732.5 m 441.5 732.5 l 442.5 732.5 m 443.5 732.5 l 444.5 732.5 m 445.5 732.5 l 446.5 732.5 m 447.5 732.5 l 448.5 732.5 m 449.5 732.5 l 450.5 732.5 m 451.5 732.5 l 452.5 732.5 m 453.5 732.5 l 454.5 732.5 m 455.5 732.5 l 456.5 732.5 m 457.5 732.5 l 458.5 732.5 m 459.5 732.5 l 460.5 732.5 m 461.5 732.5 l 462.5 732.5 m 463.5 732.5 l 464.5 732.5 m 465.5 732.5 l 466.5 732.5 m 467.5 732.5 l 468.5 732.5 m 469.5 732.5 l 470.5 732.5 m 471.5 732.5 l 472.5 732.5 m 473.5 732.5 l 474.5 732.5 m 475.5 732.5 l 476.5 732.5 m 477.5 732.5 l 478.5 732.5 m 479.5 732.5 l 480.5 732.5 m 481.5 732.5 l 482.5 732.5 m 483.5 732.5 l 484.5 732.5 m 485.5 732.5 l 486.5 732.5 m 487.5 732.5 l 488.5 732.5 m 489.5 732.5 l 490.5 732.5 m 491.5 732.5 l 492.5 732.5 m 493.5 732.5 l 494.5 732.5 m 495.5 732.5 l 496.5 732.5 m 497.5 732.5 l 498.5 732.5 m 499.5 732.5 l 500.5 732.5 m 501.5 732.5 l 502.5 732.5 m 503.5 732.5 l 504.5 732.5 m 505.5 732.5 l 506.5 732.5 m 507.5 732.5 l 508.5 732.5 m 509.5 732.5 l 510.5 732.5 m 511.5 732.5 l 512.5 732.5 m 513.5 732.5 l 514.5 732.5 m 515.5 732.5 l 516.5 732.5 m 517.5 732.5 l 518.5 732.5 m 519.5 732.5 l 520.5 732.5 m 521.5 732.5 l 522.5 732.5 m 523.5 732.5 l 524.5 732.5 m 525.5 732.5 l 526.5 732.5 m 527.5 732.5 l 528.5 732.5 m 529.5 732.5 l 530.5 732.5 m 531.5 732.5 l 532.5 732.5 m 533.5 732.5 l 534.5 732.5 m 535.5 732.5 l 536.5 732.5 m 537.5 732.5 l 538.5 732.5 m 539.5 732.5 l 540.5 732.5 m 541.5 732.5 l 542.5 732.5 m 543.5 732.5 l 544.5 732.5 m 545.5 732.5 l 546.5 732.5 m 547.5 732.5 l 548.5 732.5 m 549.5 732.5 l 550.5 732.5 m 551.5 732.5 l 552.5 732.5 m 553.5 732.5 l 554.5 732.5 m 555.5 732.5 l 556.5 732.5 m 557.5 732.5 l 558.5 732.5 m 559.5 732.5 l 560.5 732.5 m 561.5 732.5 l 562.5 732.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 737.68 Td (Assets and Liabilities Measured at Fair Value on a Recurring Basis) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 716.20 Td (The following table summarizes financial assets and financial liabilities that we measured at fair value on a recurring basis at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 705.40 Td (the dates indicated, classified in accordance with the fair value hierarchy described above.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 694.90 177.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 682.90 40.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 238.50 682.90 5.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 243.50 682.90 40.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 283.50 682.90 5.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 288.50 682.90 40.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 328.50 682.90 5.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 333.50 682.90 42.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 662.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 238.50 662.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 243.50 662.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 283.50 662.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 288.50 662.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 328.50 662.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 333.50 662.90 42.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 648.90 40.00 -30.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 238.50 648.90 5.00 -30.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 243.50 648.90 40.00 -30.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 283.50 648.90 5.00 -30.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 288.50 648.90 40.00 -30.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 328.50 648.90 5.00 -30.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 333.50 648.90 42.00 -30.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 618.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 238.50 618.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 243.50 618.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 283.50 618.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 288.50 618.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 328.50 618.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 333.50 618.90 42.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 604.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 238.50 604.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 243.50 604.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 283.50 604.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 288.50 604.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 328.50 604.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 333.50 604.90 42.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 590.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 238.50 590.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 243.50 590.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 283.50 590.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 288.50 590.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 328.50 590.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 333.50 590.90 42.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 576.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 238.50 576.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 243.50 576.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 283.50 576.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 288.50 576.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 328.50 576.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 333.50 576.90 42.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 562.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 238.50 562.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 243.50 562.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 283.50 562.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 288.50 562.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 328.50 562.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 333.50 562.90 42.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 548.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 238.50 548.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 243.50 548.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 283.50 548.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 288.50 548.90 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 328.50 548.90 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 333.50 548.90 42.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 534.90 40.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 238.50 534.90 5.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 243.50 534.90 40.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 283.50 534.90 5.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 288.50 534.90 40.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 328.50 534.90 5.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 333.50 534.90 42.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 682.9 m 238.5 682.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 682.9 m 243.5 682.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 682.9 m 283.5 682.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 682.9 m 288.5 682.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 682.9 m 328.5 682.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 682.9 m 333.5 682.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 682.9 m 375.5 682.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 682.9 m 423.5 682.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 682.9 m 428.5 682.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 682.9 m 468.5 682.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 682.9 m 473.5 682.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 682.9 m 513.5 682.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 682.9 m 518.5 682.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 682.9 m 560.5 682.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 662.9 m 238.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 662.9 m 283.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 662.9 m 328.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 662.9 m 375.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 662.9 m 423.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 662.9 m 468.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 662.9 m 513.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 662.9 m 560.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 548.9 m 238.5 548.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 548.9 m 283.5 548.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 548.9 m 328.5 548.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 548.9 m 375.5 548.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 548.9 m 423.5 548.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 548.9 m 468.5 548.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 548.9 m 513.5 548.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 548.9 m 560.5 548.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 534.9 m 238.5 534.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 534.9 m 283.5 534.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 534.9 m 328.5 534.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 534.9 m 375.5 534.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 534.9 m 423.5 534.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 534.9 m 468.5 534.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 534.9 m 513.5 534.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 534.9 m 560.5 534.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 512.9 m 238.5 512.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 510.9 m 238.5 510.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 512.9 m 283.5 512.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 510.9 m 283.5 510.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 512.9 m 328.5 512.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 510.9 m 328.5 510.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 512.9 m 375.5 512.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 510.9 m 375.5 510.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 512.9 m 423.5 512.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 510.9 m 423.5 510.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 512.9 m 468.5 512.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 510.9 m 468.5 510.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 512.9 m 513.5 512.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 510.9 m 513.5 510.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 512.9 m 560.5 512.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 510.9 m 560.5 510.9 l s BT /F3 7.00 Tf ET q 0 0 0 rg BT 53.00 687.11 Td () Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 259.55 692.40 53.90 -7.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 259.55 687.11 Td (At July 31, 2018) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 444.55 687.11 Td (At July 31, 2017) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 53.00 667.11 Td (\(In millions\)) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 206.30 667.11 Td (Level 1) Tj ET Q BT /F2 7.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 251.30 667.11 Td (Level 2) Tj ET Q BT /F2 7.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 296.30 667.11 Td (Level 3) Tj ET Q BT /F2 7.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 346.05 674.11 Td (Total) Tj ET Q BT /F2 7.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 337.85 667.11 Td (Fair Value) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 391.30 667.11 Td (Level 1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 436.30 667.11 Td (Level 2) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 481.30 667.11 Td (Level 3) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 531.05 674.11 Td (Total) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.85 667.11 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 653.60 Td (Assets:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 201.00 653.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 246.00 653.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 291.00 653.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 336.00 653.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 386.00 653.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.00 653.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.00 653.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.00 653.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 639.60 Td (Cash equivalents, primarily money) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 630.60 Td (market funds and savings deposit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 621.60 Td (accounts) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 201.00 639.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 212.90 639.60 Td (1,143) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 246.00 639.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 271.45 639.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 291.00 639.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 316.45 639.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 336.00 639.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 349.90 639.60 Td (1,143) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 386.00 639.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.40 639.60 Td (181) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.00 639.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.45 639.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.00 639.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.45 639.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.00 639.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.40 639.60 Td (181) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 609.60 Td (Available-for-sale debt securities:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 246.00 609.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 291.00 609.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 336.00 609.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 386.00 609.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.00 609.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.00 609.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 595.60 Td (Municipal bonds) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 226.45 595.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 270.40 595.60 Td (31) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 316.45 595.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 362.40 595.60 Td (31) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 411.45 595.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.40 595.60 Td (63) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.45 595.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.40 595.60 Td (63) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 581.60 Td (Municipal auction rate securities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 226.45 581.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 271.45 581.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 316.45 581.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 363.45 581.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 411.45 581.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.45 581.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.40 581.60 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.40 581.60 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 567.60 Td (Corporate notes) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 226.45 567.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 265.40 567.60 Td (412) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 316.45 567.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 357.40 567.60 Td (412) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 411.45 567.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.40 567.60 Td (382) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.45 567.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.40 567.60 Td (382) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 553.60 Td (U.S. agency securities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 226.45 553.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 275.40 553.60 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 316.45 553.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 367.40 553.60 Td (9) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 411.45 553.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.40 553.60 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.45 553.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.40 553.60 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 539.60 Td (Total available-for-sale securities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 226.45 539.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 265.40 539.60 Td (452) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 316.45 539.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 357.40 539.60 Td (452) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 411.45 539.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.40 539.60 Td (448) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.40 539.60 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.40 539.60 Td (463) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 525.60 Td (Total assets measured at fair value) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 516.60 Td (on a recurring basis) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 201.00 516.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 212.90 516.60 Td (1,143) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 246.00 516.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 265.40 516.60 Td (452) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 291.00 516.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 316.45 516.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 336.00 516.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 349.90 516.60 Td (1,595) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 386.00 516.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.40 516.60 Td (181) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.00 516.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.40 516.60 Td (448) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.00 516.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.40 516.60 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.00 516.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.40 516.60 Td (644) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 486.60 Td (The following table summarizes our cash equivalents and available-for-sale debt securities by balance sheet classification and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 475.80 Td (level in the fair value hierarchy at the dates shown:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 465.30 177.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 453.30 40.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 238.50 453.30 5.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 243.50 453.30 40.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 283.50 453.30 5.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 288.50 453.30 40.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 328.50 453.30 5.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 333.50 453.30 42.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 433.30 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 238.50 433.30 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 243.50 433.30 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 283.50 433.30 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 288.50 433.30 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 328.50 433.30 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 333.50 433.30 42.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 419.30 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 238.50 419.30 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 243.50 419.30 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 283.50 419.30 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 288.50 419.30 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 328.50 419.30 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 333.50 419.30 42.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 198.50 405.30 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 238.50 405.30 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 243.50 405.30 40.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 283.50 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s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 326.3 m 423.5 326.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 324.3 m 423.5 324.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 326.3 m 468.5 326.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 324.3 m 468.5 324.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 326.3 m 513.5 326.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 324.3 m 513.5 324.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 326.3 m 560.5 326.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 324.3 m 560.5 324.3 l s BT /F3 7.00 Tf ET q 0 0 0 rg BT 53.00 457.51 Td () Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 259.55 462.80 53.90 -7.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 259.55 457.51 Td (At July 31, 2018) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 444.55 457.51 Td (At July 31, 2017) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 53.00 437.51 Td (\(In millions\)) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 206.30 437.51 Td (Level 1) Tj ET Q BT /F2 7.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 251.30 437.51 Td (Level 2) Tj ET Q BT /F2 7.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 296.30 437.51 Td (Level 3) Tj ET Q BT /F2 7.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 346.05 444.51 Td (Total) Tj ET Q BT /F2 7.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 337.85 437.51 Td (Fair Value) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 391.30 437.51 Td (Level 1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 436.30 437.51 Td (Level 2) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 481.30 437.51 Td (Level 3) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 531.05 444.51 Td (Total) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.85 437.51 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 424.00 Td (Cash equivalents:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 201.00 424.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 246.00 424.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 291.00 424.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 336.00 424.00 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 386.00 424.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.00 424.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.00 424.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.00 424.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 410.00 Td (In cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 201.00 410.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 212.90 410.00 Td (1,143) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 246.00 410.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 271.45 410.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 291.00 410.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 316.45 410.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 336.00 410.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 349.90 410.00 Td (1,143) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 386.00 410.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.40 410.00 Td (181) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.00 410.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.45 410.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.00 410.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.45 410.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.00 410.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.40 410.00 Td (181) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 396.00 Td (Available-for-sale debt securities:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 201.00 396.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 246.00 396.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 291.00 396.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 336.00 396.00 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 386.00 396.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.00 396.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.00 396.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.00 396.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 382.00 Td (In investments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 201.00 382.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 226.45 382.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 246.00 382.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 265.40 382.00 Td (252) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 291.00 382.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 316.45 382.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 336.00 382.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 357.40 382.00 Td (252) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 386.00 382.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.45 382.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.00 382.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.40 382.00 Td (248) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.00 382.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.45 382.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.00 382.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.40 382.00 Td (248) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 368.00 Td (In funds held for customers) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 226.45 368.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 265.40 368.00 Td (200) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 316.45 368.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 357.40 368.00 Td (200) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 411.45 368.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.40 368.00 Td (200) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.45 368.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.40 368.00 Td (200) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 354.00 Td (In long-term investments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 226.45 354.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 271.45 354.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 316.45 354.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 363.45 354.00 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 411.45 354.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.45 354.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.40 354.00 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.40 354.00 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 339.00 Td (Total available-for-sale debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 330.00 Td (securities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 201.00 330.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 226.45 330.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 246.00 330.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 265.40 330.00 Td (452) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 291.00 330.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 316.45 330.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 336.00 330.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 357.40 330.00 Td (452) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 386.00 330.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.45 330.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.00 330.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.40 330.00 Td (448) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.00 330.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.40 330.00 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.00 330.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.40 330.00 Td (463) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 306.00 Td (We value our Level 1 assets, consisting primarily of money market funds and savings deposit accounts, using quoted prices in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 295.20 Td (active markets for identical instruments. Financial assets whose fair values we measure on a recurring basis using Level 2 inputs ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 284.40 Td (consist of municipal bonds, corporate notes and U.S. agency securities. We measure the fair values of these assets with the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 273.60 Td (help of a pricing service that either provides quoted market prices in active markets for identical or similar securities or uses ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 262.80 Td (observable inputs for their pricing without applying significant adjustments. Our fair value processes include controls that are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 252.00 Td (designed to ensure that we record appropriate fair values for our Level 2 investments. These controls include comparison to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 241.20 Td (pricing provided by a secondary pricing service or investment manager, validation of pricing sources and models, review of key ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 230.40 Td (model inputs, analysis of period-over-period price fluctuations, and independent recalculation of prices where appropriate. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 213.60 Td (Financial assets whose fair values we measure using significant unobservable \(Level 3\) inputs consist of municipal auction rate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 202.85 Td (securities that are no longer liquid. During the fourth quarter of fiscal 2018, all of our municipal auction rate securities were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 192.05 Td (redeemed by the issuer at par. For the fiscal years ended July 31, 2017 and 2016, we estimated the fair values of the auction ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (rate securities using a discounted cash flow model. Using our discounted cash flow model, we determined that the fair values ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 170.45 Td (of the municipal auction rate securities we held at July 31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 286.45 170.45 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.46 170.45 Td ( and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.64 170.45 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 346.66 170.45 Td ( were approximately equal to their par values and as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 159.65 Td (a result we recorded no decrease in their fair values during the twelve months then ended. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 142.85 Td (There were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.87 142.85 Td (no) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 108.22 142.85 Td ( transfers between Level 1, Level 2, and Level 3 of the fair value hierarchy during the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 132.05 Td (July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.35 132.05 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.37 132.05 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 108.37 132.05 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 128.39 132.05 Td ( or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 141.91 132.05 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 161.92 132.05 Td (.) Tj ET Q 50.5 96.54999999999995 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 96.54999999999995 l 52.5 96.54999999999995 m 53.5 96.54999999999995 l 54.5 96.54999999999995 m 55.5 96.54999999999995 l 56.5 96.54999999999995 m 57.5 96.54999999999995 l 58.5 96.54999999999995 m 59.5 96.54999999999995 l 60.5 96.54999999999995 m 61.5 96.54999999999995 l 62.5 96.54999999999995 m 63.5 96.54999999999995 l 64.5 96.54999999999995 m 65.5 96.54999999999995 l 66.5 96.54999999999995 m 67.5 96.54999999999995 l 68.5 96.54999999999995 m 69.5 96.54999999999995 l 70.5 96.54999999999995 m 71.5 96.54999999999995 l 72.5 96.54999999999995 m 73.5 96.54999999999995 l 74.5 96.54999999999995 m 75.5 96.54999999999995 l 76.5 96.54999999999995 m 77.5 96.54999999999995 l 78.5 96.54999999999995 m 79.5 96.54999999999995 l 80.5 96.54999999999995 m 81.5 96.54999999999995 l 82.5 96.54999999999995 m 83.5 96.54999999999995 l 84.5 96.54999999999995 m 85.5 96.54999999999995 l 86.5 96.54999999999995 m 87.5 96.54999999999995 l 88.5 96.54999999999995 m 89.5 96.54999999999995 l 90.5 96.54999999999995 m 91.5 96.54999999999995 l 92.5 96.54999999999995 m 93.5 96.54999999999995 l 94.5 96.54999999999995 m 95.5 96.54999999999995 l 96.5 96.54999999999995 m 97.5 96.54999999999995 l 98.5 96.54999999999995 m 99.5 96.54999999999995 l 100.5 96.54999999999995 m 101.5 96.54999999999995 l 102.5 96.54999999999995 m 103.5 96.54999999999995 l 104.5 96.54999999999995 m 105.5 96.54999999999995 l 106.5 96.54999999999995 m 107.5 96.54999999999995 l 108.5 96.54999999999995 m 109.5 96.54999999999995 l 110.5 96.54999999999995 m 111.5 96.54999999999995 l 112.5 96.54999999999995 m 113.5 96.54999999999995 l 114.5 96.54999999999995 m 115.5 96.54999999999995 l 116.5 96.54999999999995 m 117.5 96.54999999999995 l 118.5 96.54999999999995 m 119.5 96.54999999999995 l 120.5 96.54999999999995 m 121.5 96.54999999999995 l 122.5 96.54999999999995 m 123.5 96.54999999999995 l 124.5 96.54999999999995 m 125.5 96.54999999999995 l 126.5 96.54999999999995 m 127.5 96.54999999999995 l 128.5 96.54999999999995 m 129.5 96.54999999999995 l 130.5 96.54999999999995 m 131.5 96.54999999999995 l 132.5 96.54999999999995 m 133.5 96.54999999999995 l 134.5 96.54999999999995 m 135.5 96.54999999999995 l 136.5 96.54999999999995 m 137.5 96.54999999999995 l 138.5 96.54999999999995 m 139.5 96.54999999999995 l 140.5 96.54999999999995 m 141.5 96.54999999999995 l 142.5 96.54999999999995 m 143.5 96.54999999999995 l 144.5 96.54999999999995 m 145.5 96.54999999999995 l 146.5 96.54999999999995 m 147.5 96.54999999999995 l 148.5 96.54999999999995 m 149.5 96.54999999999995 l 150.5 96.54999999999995 m 151.5 96.54999999999995 l 152.5 96.54999999999995 m 153.5 96.54999999999995 l 154.5 96.54999999999995 m 155.5 96.54999999999995 l 156.5 96.54999999999995 m 157.5 96.54999999999995 l 158.5 96.54999999999995 m 159.5 96.54999999999995 l 160.5 96.54999999999995 m 161.5 96.54999999999995 l 162.5 96.54999999999995 m 163.5 96.54999999999995 l 164.5 96.54999999999995 m 165.5 96.54999999999995 l 166.5 96.54999999999995 m 167.5 96.54999999999995 l 168.5 96.54999999999995 m 169.5 96.54999999999995 l 170.5 96.54999999999995 m 171.5 96.54999999999995 l 172.5 96.54999999999995 m 173.5 96.54999999999995 l 174.5 96.54999999999995 m 175.5 96.54999999999995 l 176.5 96.54999999999995 m 177.5 96.54999999999995 l 178.5 96.54999999999995 m 179.5 96.54999999999995 l 180.5 96.54999999999995 m 181.5 96.54999999999995 l 182.5 96.54999999999995 m 183.5 96.54999999999995 l 184.5 96.54999999999995 m 185.5 96.54999999999995 l 186.5 96.54999999999995 m 187.5 96.54999999999995 l 188.5 96.54999999999995 m 189.5 96.54999999999995 l 190.5 96.54999999999995 m 191.5 96.54999999999995 l 192.5 96.54999999999995 m 193.5 96.54999999999995 l 194.5 96.54999999999995 m 195.5 96.54999999999995 l 196.5 96.54999999999995 m 197.5 96.54999999999995 l 198.5 96.54999999999995 m 199.5 96.54999999999995 l 200.5 96.54999999999995 m 201.5 96.54999999999995 l 202.5 96.54999999999995 m 203.5 96.54999999999995 l 204.5 96.54999999999995 m 205.5 96.54999999999995 l 206.5 96.54999999999995 m 207.5 96.54999999999995 l 208.5 96.54999999999995 m 209.5 96.54999999999995 l 210.5 96.54999999999995 m 211.5 96.54999999999995 l 212.5 96.54999999999995 m 213.5 96.54999999999995 l 214.5 96.54999999999995 m 215.5 96.54999999999995 l 216.5 96.54999999999995 m 217.5 96.54999999999995 l 218.5 96.54999999999995 m 219.5 96.54999999999995 l 220.5 96.54999999999995 m 221.5 96.54999999999995 l 222.5 96.54999999999995 m 223.5 96.54999999999995 l 224.5 96.54999999999995 m 225.5 96.54999999999995 l 226.5 96.54999999999995 m 227.5 96.54999999999995 l 228.5 96.54999999999995 m 229.5 96.54999999999995 l 230.5 96.54999999999995 m 231.5 96.54999999999995 l 232.5 96.54999999999995 m 233.5 96.54999999999995 l 234.5 96.54999999999995 m 235.5 96.54999999999995 l 236.5 96.54999999999995 m 237.5 96.54999999999995 l 238.5 96.54999999999995 m 239.5 96.54999999999995 l 240.5 96.54999999999995 m 241.5 96.54999999999995 l 242.5 96.54999999999995 m 243.5 96.54999999999995 l 244.5 96.54999999999995 m 245.5 96.54999999999995 l 246.5 96.54999999999995 m 247.5 96.54999999999995 l 248.5 96.54999999999995 m 249.5 96.54999999999995 l 250.5 96.54999999999995 m 251.5 96.54999999999995 l 252.5 96.54999999999995 m 253.5 96.54999999999995 l 254.5 96.54999999999995 m 255.5 96.54999999999995 l 256.5 96.54999999999995 m 257.5 96.54999999999995 l 258.5 96.54999999999995 m 259.5 96.54999999999995 l 260.5 96.54999999999995 m 261.5 96.54999999999995 l 262.5 96.54999999999995 m 263.5 96.54999999999995 l 264.5 96.54999999999995 m 265.5 96.54999999999995 l 266.5 96.54999999999995 m 267.5 96.54999999999995 l 268.5 96.54999999999995 m 269.5 96.54999999999995 l 270.5 96.54999999999995 m 271.5 96.54999999999995 l 272.5 96.54999999999995 m 273.5 96.54999999999995 l 274.5 96.54999999999995 m 275.5 96.54999999999995 l 276.5 96.54999999999995 m 277.5 96.54999999999995 l 278.5 96.54999999999995 m 279.5 96.54999999999995 l 280.5 96.54999999999995 m 281.5 96.54999999999995 l 282.5 96.54999999999995 m 283.5 96.54999999999995 l 284.5 96.54999999999995 m 285.5 96.54999999999995 l 286.5 96.54999999999995 m 287.5 96.54999999999995 l 288.5 96.54999999999995 m 289.5 96.54999999999995 l 290.5 96.54999999999995 m 291.5 96.54999999999995 l 292.5 96.54999999999995 m 293.5 96.54999999999995 l 294.5 96.54999999999995 m 295.5 96.54999999999995 l 296.5 96.54999999999995 m 297.5 96.54999999999995 l 298.5 96.54999999999995 m 299.5 96.54999999999995 l 300.5 96.54999999999995 m 301.5 96.54999999999995 l 302.5 96.54999999999995 m 303.5 96.54999999999995 l 304.5 96.54999999999995 m 305.5 96.54999999999995 l 306.5 96.54999999999995 m 307.5 96.54999999999995 l 308.5 96.54999999999995 m 309.5 96.54999999999995 l 310.5 96.54999999999995 m 311.5 96.54999999999995 l 312.5 96.54999999999995 m 313.5 96.54999999999995 l 314.5 96.54999999999995 m 315.5 96.54999999999995 l 316.5 96.54999999999995 m 317.5 96.54999999999995 l 318.5 96.54999999999995 m 319.5 96.54999999999995 l 320.5 96.54999999999995 m 321.5 96.54999999999995 l 322.5 96.54999999999995 m 323.5 96.54999999999995 l 324.5 96.54999999999995 m 325.5 96.54999999999995 l 326.5 96.54999999999995 m 327.5 96.54999999999995 l 328.5 96.54999999999995 m 329.5 96.54999999999995 l 330.5 96.54999999999995 m 331.5 96.54999999999995 l 332.5 96.54999999999995 m 333.5 96.54999999999995 l 334.5 96.54999999999995 m 335.5 96.54999999999995 l 336.5 96.54999999999995 m 337.5 96.54999999999995 l 338.5 96.54999999999995 m 339.5 96.54999999999995 l 340.5 96.54999999999995 m 341.5 96.54999999999995 l 342.5 96.54999999999995 m 343.5 96.54999999999995 l 344.5 96.54999999999995 m 345.5 96.54999999999995 l 346.5 96.54999999999995 m 347.5 96.54999999999995 l 348.5 96.54999999999995 m 349.5 96.54999999999995 l 350.5 96.54999999999995 m 351.5 96.54999999999995 l 352.5 96.54999999999995 m 353.5 96.54999999999995 l 354.5 96.54999999999995 m 355.5 96.54999999999995 l 356.5 96.54999999999995 m 357.5 96.54999999999995 l 358.5 96.54999999999995 m 359.5 96.54999999999995 l 360.5 96.54999999999995 m 361.5 96.54999999999995 l 362.5 96.54999999999995 m 363.5 96.54999999999995 l 364.5 96.54999999999995 m 365.5 96.54999999999995 l 366.5 96.54999999999995 m 367.5 96.54999999999995 l 368.5 96.54999999999995 m 369.5 96.54999999999995 l 370.5 96.54999999999995 m 371.5 96.54999999999995 l 372.5 96.54999999999995 m 373.5 96.54999999999995 l 374.5 96.54999999999995 m 375.5 96.54999999999995 l 376.5 96.54999999999995 m 377.5 96.54999999999995 l 378.5 96.54999999999995 m 379.5 96.54999999999995 l 380.5 96.54999999999995 m 381.5 96.54999999999995 l 382.5 96.54999999999995 m 383.5 96.54999999999995 l 384.5 96.54999999999995 m 385.5 96.54999999999995 l 386.5 96.54999999999995 m 387.5 96.54999999999995 l 388.5 96.54999999999995 m 389.5 96.54999999999995 l 390.5 96.54999999999995 m 391.5 96.54999999999995 l 392.5 96.54999999999995 m 393.5 96.54999999999995 l 394.5 96.54999999999995 m 395.5 96.54999999999995 l 396.5 96.54999999999995 m 397.5 96.54999999999995 l 398.5 96.54999999999995 m 399.5 96.54999999999995 l 400.5 96.54999999999995 m 401.5 96.54999999999995 l 402.5 96.54999999999995 m 403.5 96.54999999999995 l 404.5 96.54999999999995 m 405.5 96.54999999999995 l 406.5 96.54999999999995 m 407.5 96.54999999999995 l 408.5 96.54999999999995 m 409.5 96.54999999999995 l 410.5 96.54999999999995 m 411.5 96.54999999999995 l 412.5 96.54999999999995 m 413.5 96.54999999999995 l 414.5 96.54999999999995 m 415.5 96.54999999999995 l 416.5 96.54999999999995 m 417.5 96.54999999999995 l 418.5 96.54999999999995 m 419.5 96.54999999999995 l 420.5 96.54999999999995 m 421.5 96.54999999999995 l 422.5 96.54999999999995 m 423.5 96.54999999999995 l 424.5 96.54999999999995 m 425.5 96.54999999999995 l 426.5 96.54999999999995 m 427.5 96.54999999999995 l 428.5 96.54999999999995 m 429.5 96.54999999999995 l 430.5 96.54999999999995 m 431.5 96.54999999999995 l 432.5 96.54999999999995 m 433.5 96.54999999999995 l 434.5 96.54999999999995 m 435.5 96.54999999999995 l 436.5 96.54999999999995 m 437.5 96.54999999999995 l 438.5 96.54999999999995 m 439.5 96.54999999999995 l 440.5 96.54999999999995 m 441.5 96.54999999999995 l 442.5 96.54999999999995 m 443.5 96.54999999999995 l 444.5 96.54999999999995 m 445.5 96.54999999999995 l 446.5 96.54999999999995 m 447.5 96.54999999999995 l 448.5 96.54999999999995 m 449.5 96.54999999999995 l 450.5 96.54999999999995 m 451.5 96.54999999999995 l 452.5 96.54999999999995 m 453.5 96.54999999999995 l 454.5 96.54999999999995 m 455.5 96.54999999999995 l 456.5 96.54999999999995 m 457.5 96.54999999999995 l 458.5 96.54999999999995 m 459.5 96.54999999999995 l 460.5 96.54999999999995 m 461.5 96.54999999999995 l 462.5 96.54999999999995 m 463.5 96.54999999999995 l 464.5 96.54999999999995 m 465.5 96.54999999999995 l 466.5 96.54999999999995 m 467.5 96.54999999999995 l 468.5 96.54999999999995 m 469.5 96.54999999999995 l 470.5 96.54999999999995 m 471.5 96.54999999999995 l 472.5 96.54999999999995 m 473.5 96.54999999999995 l 474.5 96.54999999999995 m 475.5 96.54999999999995 l 476.5 96.54999999999995 m 477.5 96.54999999999995 l 478.5 96.54999999999995 m 479.5 96.54999999999995 l 480.5 96.54999999999995 m 481.5 96.54999999999995 l 482.5 96.54999999999995 m 483.5 96.54999999999995 l 484.5 96.54999999999995 m 485.5 96.54999999999995 l 486.5 96.54999999999995 m 487.5 96.54999999999995 l 488.5 96.54999999999995 m 489.5 96.54999999999995 l 490.5 96.54999999999995 m 491.5 96.54999999999995 l 492.5 96.54999999999995 m 493.5 96.54999999999995 l 494.5 96.54999999999995 m 495.5 96.54999999999995 l 496.5 96.54999999999995 m 497.5 96.54999999999995 l 498.5 96.54999999999995 m 499.5 96.54999999999995 l 500.5 96.54999999999995 m 501.5 96.54999999999995 l 502.5 96.54999999999995 m 503.5 96.54999999999995 l 504.5 96.54999999999995 m 505.5 96.54999999999995 l 506.5 96.54999999999995 m 507.5 96.54999999999995 l 508.5 96.54999999999995 m 509.5 96.54999999999995 l 510.5 96.54999999999995 m 511.5 96.54999999999995 l 512.5 96.54999999999995 m 513.5 96.54999999999995 l 514.5 96.54999999999995 m 515.5 96.54999999999995 l 516.5 96.54999999999995 m 517.5 96.54999999999995 l 518.5 96.54999999999995 m 519.5 96.54999999999995 l 520.5 96.54999999999995 m 521.5 96.54999999999995 l 522.5 96.54999999999995 m 523.5 96.54999999999995 l 524.5 96.54999999999995 m 525.5 96.54999999999995 l 526.5 96.54999999999995 m 527.5 96.54999999999995 l 528.5 96.54999999999995 m 529.5 96.54999999999995 l 530.5 96.54999999999995 m 531.5 96.54999999999995 l 532.5 96.54999999999995 m 533.5 96.54999999999995 l 534.5 96.54999999999995 m 535.5 96.54999999999995 l 536.5 96.54999999999995 m 537.5 96.54999999999995 l 538.5 96.54999999999995 m 539.5 96.54999999999995 l 540.5 96.54999999999995 m 541.5 96.54999999999995 l 542.5 96.54999999999995 m 543.5 96.54999999999995 l 544.5 96.54999999999995 m 545.5 96.54999999999995 l 546.5 96.54999999999995 m 547.5 96.54999999999995 l 548.5 96.54999999999995 m 549.5 96.54999999999995 l 550.5 96.54999999999995 m 551.5 96.54999999999995 l 552.5 96.54999999999995 m 553.5 96.54999999999995 l 554.5 96.54999999999995 m 555.5 96.54999999999995 l 556.5 96.54999999999995 m 557.5 96.54999999999995 l 558.5 96.54999999999995 m 559.5 96.54999999999995 l 560.5 96.54999999999995 m 561.5 96.54999999999995 l 562.5 96.54999999999995 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 101.73 Td (Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 80.25 Td (Assets measured at fair value on a non-recurring basis include reporting units measured at fair value in a goodwill impairment ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 69.45 Td (test. Estimates of fair value for reporting units fall under Level 3 of the fair value hierarchy. ) Tj ET Q endstream endobj 143 0 obj <>] /Rotate 0 /Contents 144 0 R>> endobj 144 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (70 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (During the fourth quarters of fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 191.91 742.20 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.93 742.20 Td (, fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.43 742.20 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 259.45 742.20 Td (, and fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 304.63 742.20 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.64 742.20 Td ( we performed our annual goodwill impairment tests. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (Using the methodology described in Note 1, we determined that the estimated fair values of all of our reporting units ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (exceeded their carrying values and that they were not impaired.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 692.10 512.00 -18.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 674.1 m 562.5 674.1 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 679.77 Td (3. Cash and Cash Equivalents, Investments, and Funds Held for Customers) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 654.80 Td (The following table summarizes our cash and cash equivalents, investments and funds held for customers by balance sheet ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 644.00 Td (classification at the dates indicated.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 633.50 108.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 621.50 50.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 621.50 8.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 621.50 50.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 601.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 601.50 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 601.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 587.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 587.50 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 587.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 573.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 573.50 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 573.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 559.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 559.50 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 559.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 545.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 545.50 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 545.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 531.50 50.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 531.50 8.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 531.50 50.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 621.5 m 385.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 621.5 m 393.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 621.5 m 443.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 621.5 m 501.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 621.5 m 509.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 621.5 m 559.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 601.5 m 385.5 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 601.5 m 443.5 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 601.5 m 501.5 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 601.5 m 559.5 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 531.5 m 385.5 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 531.5 m 443.5 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 531.5 m 501.5 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 531.5 m 559.5 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 509.5 m 385.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 507.5 m 385.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 509.5 m 443.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 507.5 m 443.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 509.5 m 501.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 507.5 m 501.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 509.5 m 559.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 507.5 m 559.5 507.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 624.95 Td () Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 363.80 624.95 Td (July 31, 2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 479.80 624.95 Td (July 31, 2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 605.95 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 340.25 612.95 Td (Amortized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 351.45 604.95 Td (Cost) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 368.47 604.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 399.50 605.95 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.25 612.95 Td (Amortized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.45 604.95 Td (Cost) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 484.47 604.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.50 605.95 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 592.20 Td (Classification on balance sheets:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 338.00 592.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 396.00 592.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 454.00 592.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.00 592.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 578.20 Td (Cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 338.00 578.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 359.90 578.20 Td (1,464) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 396.00 578.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 417.90 578.20 Td (1,464) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 454.00 578.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.40 578.20 Td (529) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.00 578.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 578.20 Td (529) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 564.20 Td (Investments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 367.40 564.20 Td (253) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 425.40 564.20 Td (252) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 483.40 564.20 Td (247) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 564.20 Td (248) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 550.20 Td (Funds held for customers) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 367.40 550.20 Td (368) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 425.40 550.20 Td (367) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 483.40 550.20 Td (372) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 550.20 Td (372) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 536.20 Td (Long-term investments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 372.40 536.20 Td (13) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 430.40 536.20 Td (13) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 488.40 536.20 Td (31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.40 536.20 Td (31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 522.20 Td (Total cash and cash equivalents, investments, and funds) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 513.20 Td (held for customers) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 338.00 513.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 359.90 513.20 Td (2,098) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 396.00 513.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 417.90 513.20 Td (2,096) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 454.00 513.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.90 513.20 Td (1,179) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.00 513.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.90 513.20 Td (1,180) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 486.20 Td (The following table summarizes our cash and cash equivalents, investments and funds held for customers by investment ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 475.40 Td (category at the dates indicated. See Note 2 for more information on our municipal auction rate securities.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 464.90 108.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 452.90 50.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 452.90 8.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 452.90 50.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 432.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 432.90 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 432.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 418.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 418.90 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 418.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 404.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 404.90 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 404.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 390.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 390.90 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 390.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 376.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 376.90 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 376.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 362.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 362.90 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 362.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 348.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 348.90 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 348.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 334.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 334.90 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 334.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 334.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 501.50 334.90 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 509.50 334.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 320.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 320.90 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 320.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 320.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 501.50 320.90 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 509.50 320.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 306.90 50.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 306.90 8.00 -23.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 306.90 50.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 452.9 m 385.5 452.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 452.9 m 393.5 452.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 452.9 m 443.5 452.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 452.9 m 501.5 452.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 452.9 m 509.5 452.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 452.9 m 559.5 452.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 432.9 m 385.5 432.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 432.9 m 443.5 432.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 432.9 m 501.5 432.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 432.9 m 559.5 432.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 334.9 m 385.5 334.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 334.9 m 443.5 334.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 334.9 m 501.5 334.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 334.9 m 559.5 334.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 306.9 m 385.5 306.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 284.9 m 385.5 284.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 282.9 m 385.5 282.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 306.9 m 443.5 306.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 284.9 m 443.5 284.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 282.9 m 443.5 282.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 306.9 m 501.5 306.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 284.9 m 501.5 284.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 282.9 m 501.5 282.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 306.9 m 559.5 306.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 284.9 m 559.5 284.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 282.9 m 559.5 282.9 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 456.35 Td () Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 363.80 456.35 Td (July 31, 2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 479.80 456.35 Td (July 31, 2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 437.35 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 340.25 444.35 Td (Amortized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 351.45 436.35 Td (Cost) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 368.47 436.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 399.50 437.35 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.25 444.35 Td (Amortized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.45 436.35 Td (Cost) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 484.47 436.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.50 437.35 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 423.60 Td (Type of issue:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 338.00 423.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 396.00 423.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 454.00 423.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.00 423.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 409.60 Td (Total cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 338.00 409.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 359.90 409.60 Td (1,631) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 396.00 409.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 417.90 409.60 Td (1,631) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 454.00 409.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.40 409.60 Td (701) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.00 409.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 409.60 Td (701) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 395.60 Td (Available-for-sale debt securities:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 338.00 395.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 396.00 395.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 454.00 395.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.00 395.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 381.60 Td (Municipal bonds) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 372.40 381.60 Td (31) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 430.40 381.60 Td (31) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 488.40 381.60 Td (63) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.40 381.60 Td (63) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 367.60 Td (Municipal auction rate securities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 373.45 367.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 431.45 367.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 488.40 367.60 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.40 367.60 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 353.60 Td (Corporate notes) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 367.40 353.60 Td (414) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 425.40 353.60 Td (412) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 483.40 353.60 Td (381) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 353.60 Td (382) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 339.60 Td (U.S. agency securities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 377.40 339.60 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 435.40 339.60 Td (9) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 493.40 339.60 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.40 339.60 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 325.60 Td (Total available-for-sale debt securities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 367.40 325.60 Td (454) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 425.40 325.60 Td (452) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 483.40 325.60 Td (462) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 325.60 Td (463) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 311.60 Td (Other long-term investments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 372.40 311.60 Td (13) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 430.40 311.60 Td (13) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 488.40 311.60 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.40 311.60 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 297.60 Td (Total cash and cash equivalents, investments, and funds) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 288.60 Td (held for customers) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 338.00 288.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 359.90 288.60 Td (2,098) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 396.00 288.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 417.90 288.60 Td (2,096) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 454.00 288.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.90 288.60 Td (1,179) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.00 288.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.90 288.60 Td (1,180) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 261.60 Td (We include realized gains and losses on our available-for-sale debt securities in interest and other income or expense on our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 250.80 Td (statements of operations. Gross realized gains and losses on our available-for-sale debt securities for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 240.00 Td (July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.35 240.00 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.37 240.00 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 108.37 240.00 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 128.39 240.00 Td ( and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 148.57 240.00 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 168.58 240.00 Td ( were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 193.27 240.00 Td (not) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 206.79 240.00 Td ( significant. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 223.20 Td (We accumulate unrealized gains and losses on our available-for-sale debt securities, net of tax, in accumulated other ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 212.40 Td (comprehensive income or loss in the stockholders equity section of our balance sheets. Gross unrealized gains and losses on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 201.60 Td (our available-for-sale debt securities at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 208.56 201.60 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 261.93 201.60 Td ( and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 282.11 201.60 Td (July31, 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.48 201.60 Td ( were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.16 201.60 Td (not) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.68 201.60 Td ( significant. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 184.80 Td (We periodically review our investment portfolios to determine if any investment is other-than-temporarily impaired due to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 174.00 Td (changes in credit risk or other potential valuation concerns. We believe that the investments that we held at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.81 174.00 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.18 174.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 163.20 Td (were not other-than-temporarily impaired. Unrealized losses on available-for-sale debt securities at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.01 163.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.38 163.20 Td ( were not ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 152.40 Td (significant and are due to changes in interest rates, including market credit spreads, and not due to increased credit risks ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 141.60 Td (associated with specific securities. We do not intend to sell these investments. In addition, it is more likely than not that we will ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 130.80 Td (not be required to sell them before recovery at par, which may be at maturity.) Tj ET Q endstream endobj 145 0 obj <>] /Rotate 0 /Contents 146 0 R>> endobj 146 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (71 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (The following table summarizes our available-for-sale debt securities classified by the stated maturity date of the security at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (the dates indicated.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 720.90 108.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 708.90 50.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 708.90 8.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 708.90 50.00 -20.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 688.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 688.90 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 688.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 674.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 674.90 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 674.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 660.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 660.90 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 660.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 646.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 646.90 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 646.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 632.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 632.90 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 632.90 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 708.9 m 385.5 708.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 708.9 m 393.5 708.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 708.9 m 443.5 708.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 708.9 m 501.5 708.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 708.9 m 509.5 708.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 708.9 m 559.5 708.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 688.9 m 385.5 688.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 688.9 m 443.5 688.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 688.9 m 501.5 688.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 688.9 m 559.5 688.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 632.9 m 385.5 632.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 632.9 m 443.5 632.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 632.9 m 501.5 632.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 632.9 m 559.5 632.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 618.9 m 385.5 618.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 616.9 m 385.5 616.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 618.9 m 443.5 618.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 616.9 m 443.5 616.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 618.9 m 501.5 618.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 616.9 m 501.5 616.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 618.9 m 559.5 618.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 616.9 m 559.5 616.9 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 712.35 Td () Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 363.80 712.35 Td (July 31, 2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 479.80 712.35 Td (July 31, 2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 693.35 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 340.25 700.35 Td (Amortized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 351.45 692.35 Td (Cost) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 368.47 692.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 399.50 693.35 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.25 700.35 Td (Amortized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.45 692.35 Td (Cost) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 484.47 692.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.50 693.35 Td (Fair Value) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 679.60 Td (Due within one year) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 338.00 679.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 367.40 679.60 Td (250) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 396.00 679.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 425.40 679.60 Td (250) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 454.00 679.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.40 679.60 Td (209) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.00 679.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 679.60 Td (209) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 665.60 Td (Due within two years) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 367.40 665.60 Td (117) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 425.40 665.60 Td (116) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 483.40 665.60 Td (164) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 665.60 Td (164) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 651.60 Td (Due within three years) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 372.40 651.60 Td (66) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 430.40 651.60 Td (65) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 488.40 651.60 Td (59) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.40 651.60 Td (60) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 637.60 Td (Due after three years) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 372.40 637.60 Td (21) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 430.40 637.60 Td (21) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 488.40 637.60 Td (30) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.40 637.60 Td (30) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 622.60 Td (Total available-for-sale debt securities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 338.00 622.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 367.40 622.60 Td (454) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 396.00 622.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 425.40 622.60 Td (452) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 454.00 622.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.40 622.60 Td (462) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.00 622.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 622.60 Td (463) Tj ET Q BT /F1 10.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 589.90 512.00 -18.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 571.9 m 562.5 571.9 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 577.57 Td (4. Property and Equipment) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 552.60 Td (Property and equipment consisted of the following at the dates indicated:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 453.50 530.10 50.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 453.50 518.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 453.50 504.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 453.50 490.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 453.50 476.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 453.50 462.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 453.50 448.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 453.50 434.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 453.50 420.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 453.50 406.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 453.50 392.10 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 530.1 m 503.5 530.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 530.1 m 511.5 530.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 530.1 m 561.5 530.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 518.1 m 445.5 518.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 518.1 m 503.5 518.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 518.1 m 561.5 518.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 420.1 m 503.5 420.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 420.1 m 561.5 420.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 392.1 m 503.5 392.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 392.1 m 561.5 392.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 379.1 m 503.5 379.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 377.1 m 503.5 377.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 379.1 m 561.5 379.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 377.1 m 561.5 377.1 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 533.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 533.55 Td (Life in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.45 533.55 Td (July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 521.55 Td (\(Dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.05 521.55 Td (Years) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 468.50 521.55 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 526.50 521.55 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 508.80 Td (Equipment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.45 508.80 Td (3-5) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 456.00 508.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 485.40 508.80 Td (479) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 514.00 508.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 508.80 Td (579) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 494.80 Td (Computer software) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.45 494.80 Td (2-6) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 485.40 494.80 Td (812) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 543.40 494.80 Td (749) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 480.80 Td (Furniture and fixtures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.45 480.80 Td (5) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 490.40 480.80 Td (88) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 548.40 480.80 Td (82) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 466.80 Td (Leasehold improvements) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.95 466.80 Td (3-16) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 485.40 466.80 Td (325) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 543.40 466.80 Td (310) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 452.80 Td (Land) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.30 452.80 Td (NA) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 490.40 452.80 Td (79) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 548.40 452.80 Td (81) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 438.80 Td (Buildings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.95 438.80 Td (5-30) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 485.40 438.80 Td (363) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 543.40 438.80 Td (547) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 424.80 Td (Capital in progress) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.30 424.80 Td (NA) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 490.40 424.80 Td (48) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 548.40 424.80 Td (71) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 410.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 420.00 410.80 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 477.90 410.80 Td (2,194) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 535.90 410.80 Td (2,419) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 396.80 Td (Less accumulated depreciation and amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 420.00 396.80 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 475.40 396.80 Td (\(1,382) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 500.45 396.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 533.40 396.80 Td (\(1,389) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 396.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 382.80 Td (Total property and equipment, net) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 420.00 382.80 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 456.00 382.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 485.40 382.80 Td (812) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 514.00 382.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.90 382.80 Td (1,030) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 367.80 Td (__________________________) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 358.20 Td (NA = Not Applicable) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 335.40 Td (The decrease in the total net property and equipment balance as of July 31, 2018 is primarily due to the sale of our data ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 324.60 Td (center in Quincy, Washington during fiscal 2018.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 307.80 Td (Capital in progress at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 138.70 307.80 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 192.07 307.80 Td ( and 2017 consisted primarily of costs related to internal use software projects and land ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 297.00 Td (and buildings that we are in the process of constructing on our headquarters campus in Mountain View, California. The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 286.20 Td (balance of land and buildings in the capital in progress account was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.12 286.20 Td ($29 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.29 286.20 Td ( at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.13 286.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.50 286.20 Td ( and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.68 286.20 Td ($30 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.85 286.20 Td ( at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.70 286.20 Td (July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 275.40 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 275.40 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 258.60 Td (As discussed in Note 1, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 146.88 258.60 Td (Description of Business and Summary of Significant Accounting Policies Internal Use Software) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.75 258.60 Td (,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 538.26 258.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.93 258.60 Td ( we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 247.80 Td (capitalize costs related to the development of computer software for internal use. We capitalized internal use software costs ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 237.00 Td (totaling ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.68 237.00 Td ($86) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 98.69 237.00 Td (million for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 249.76 237.00 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.13 237.00 Td (; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 308.14 237.00 Td ($128) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.15 237.00 Td (million for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.23 237.00 Td (July31, 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.60 237.00 Td (; and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 226.20 Td ($103) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 226.20 Td ( million for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 221.09 226.20 Td (July31, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 274.46 226.20 Td (. These amounts included capitalized labor costs of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.22 226.20 Td ($45) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.23 226.20 Td ( million, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.40 226.20 Td ($99) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.41 226.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 215.40 Td (million and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.84 215.40 Td ($80) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 111.85 215.40 Td (million, respectively. Costs related to internal use software projects are included in the capital in progress ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 204.60 Td (category of property and equipment until project completion, at which time they are transferred to the computer software ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 193.80 Td (category.) Tj ET Q endstream endobj 147 0 obj <>] /Rotate 0 /Contents 148 0 R>> endobj 148 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (72 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 748.50 512.00 -18.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 730.5 m 562.5 730.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 736.17 Td (5. 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l 112.5 692.5 m 113.5 692.5 l 114.5 692.5 m 115.5 692.5 l 116.5 692.5 m 117.5 692.5 l 118.5 692.5 m 119.5 692.5 l 120.5 692.5 m 121.5 692.5 l 122.5 692.5 m 123.5 692.5 l 124.5 692.5 m 125.5 692.5 l 126.5 692.5 m 127.5 692.5 l 128.5 692.5 m 129.5 692.5 l 130.5 692.5 m 131.5 692.5 l 132.5 692.5 m 133.5 692.5 l 134.5 692.5 m 135.5 692.5 l 136.5 692.5 m 137.5 692.5 l 138.5 692.5 m 139.5 692.5 l 140.5 692.5 m 141.5 692.5 l 142.5 692.5 m 143.5 692.5 l 144.5 692.5 m 145.5 692.5 l 146.5 692.5 m 147.5 692.5 l 148.5 692.5 m 149.5 692.5 l 150.5 692.5 m 151.5 692.5 l 152.5 692.5 m 153.5 692.5 l 154.5 692.5 m 155.5 692.5 l 156.5 692.5 m 157.5 692.5 l 158.5 692.5 m 159.5 692.5 l 160.5 692.5 m 161.5 692.5 l 162.5 692.5 m 163.5 692.5 l 164.5 692.5 m 165.5 692.5 l 166.5 692.5 m 167.5 692.5 l 168.5 692.5 m 169.5 692.5 l 170.5 692.5 m 171.5 692.5 l 172.5 692.5 m 173.5 692.5 l 174.5 692.5 m 175.5 692.5 l 176.5 692.5 m 177.5 692.5 l 178.5 692.5 m 179.5 692.5 l 180.5 692.5 m 181.5 692.5 l 182.5 692.5 m 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397.5 692.5 l 398.5 692.5 m 399.5 692.5 l 400.5 692.5 m 401.5 692.5 l 402.5 692.5 m 403.5 692.5 l 404.5 692.5 m 405.5 692.5 l 406.5 692.5 m 407.5 692.5 l 408.5 692.5 m 409.5 692.5 l 410.5 692.5 m 411.5 692.5 l 412.5 692.5 m 413.5 692.5 l 414.5 692.5 m 415.5 692.5 l 416.5 692.5 m 417.5 692.5 l 418.5 692.5 m 419.5 692.5 l 420.5 692.5 m 421.5 692.5 l 422.5 692.5 m 423.5 692.5 l 424.5 692.5 m 425.5 692.5 l 426.5 692.5 m 427.5 692.5 l 428.5 692.5 m 429.5 692.5 l 430.5 692.5 m 431.5 692.5 l 432.5 692.5 m 433.5 692.5 l 434.5 692.5 m 435.5 692.5 l 436.5 692.5 m 437.5 692.5 l 438.5 692.5 m 439.5 692.5 l 440.5 692.5 m 441.5 692.5 l 442.5 692.5 m 443.5 692.5 l 444.5 692.5 m 445.5 692.5 l 446.5 692.5 m 447.5 692.5 l 448.5 692.5 m 449.5 692.5 l 450.5 692.5 m 451.5 692.5 l 452.5 692.5 m 453.5 692.5 l 454.5 692.5 m 455.5 692.5 l 456.5 692.5 m 457.5 692.5 l 458.5 692.5 m 459.5 692.5 l 460.5 692.5 m 461.5 692.5 l 462.5 692.5 m 463.5 692.5 l 464.5 692.5 m 465.5 692.5 l 466.5 692.5 m 467.5 692.5 l 468.5 692.5 m 469.5 692.5 l 470.5 692.5 m 471.5 692.5 l 472.5 692.5 m 473.5 692.5 l 474.5 692.5 m 475.5 692.5 l 476.5 692.5 m 477.5 692.5 l 478.5 692.5 m 479.5 692.5 l 480.5 692.5 m 481.5 692.5 l 482.5 692.5 m 483.5 692.5 l 484.5 692.5 m 485.5 692.5 l 486.5 692.5 m 487.5 692.5 l 488.5 692.5 m 489.5 692.5 l 490.5 692.5 m 491.5 692.5 l 492.5 692.5 m 493.5 692.5 l 494.5 692.5 m 495.5 692.5 l 496.5 692.5 m 497.5 692.5 l 498.5 692.5 m 499.5 692.5 l 500.5 692.5 m 501.5 692.5 l 502.5 692.5 m 503.5 692.5 l 504.5 692.5 m 505.5 692.5 l 506.5 692.5 m 507.5 692.5 l 508.5 692.5 m 509.5 692.5 l 510.5 692.5 m 511.5 692.5 l 512.5 692.5 m 513.5 692.5 l 514.5 692.5 m 515.5 692.5 l 516.5 692.5 m 517.5 692.5 l 518.5 692.5 m 519.5 692.5 l 520.5 692.5 m 521.5 692.5 l 522.5 692.5 m 523.5 692.5 l 524.5 692.5 m 525.5 692.5 l 526.5 692.5 m 527.5 692.5 l 528.5 692.5 m 529.5 692.5 l 530.5 692.5 m 531.5 692.5 l 532.5 692.5 m 533.5 692.5 l 534.5 692.5 m 535.5 692.5 l 536.5 692.5 m 537.5 692.5 l 538.5 692.5 m 539.5 692.5 l 540.5 692.5 m 541.5 692.5 l 542.5 692.5 m 543.5 692.5 l 544.5 692.5 m 545.5 692.5 l 546.5 692.5 m 547.5 692.5 l 548.5 692.5 m 549.5 692.5 l 550.5 692.5 m 551.5 692.5 l 552.5 692.5 m 553.5 692.5 l 554.5 692.5 m 555.5 692.5 l 556.5 692.5 m 557.5 692.5 l 558.5 692.5 m 559.5 692.5 l 560.5 692.5 m 561.5 692.5 l 562.5 692.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 697.68 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 676.20 Td (Changes in the carrying value of goodwill by reportable segment during the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.19 676.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.56 676.20 Td ( and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.74 676.20 Td (July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 665.40 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 665.40 Td ( were as shown in the following table. Our reportable segments are described in Note 14, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 434.71 665.40 Td (Segment Information.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 507.50 654.90 55.00 -33.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 507.50 621.90 55.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 507.50 606.90 55.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 507.50 591.90 55.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 507.50 576.90 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 621.9 m 314.5 621.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 621.9 m 376.5 621.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 621.9 m 438.5 621.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 621.9 m 500.5 621.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 621.9 m 562.5 621.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 621.9 m 562.5 621.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 576.9 m 314.5 576.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 562.9 m 314.5 562.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 560.9 m 314.5 560.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 576.9 m 376.5 576.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 562.9 m 376.5 562.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 560.9 m 376.5 560.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 576.9 m 438.5 576.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 562.9 m 438.5 562.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 560.9 m 438.5 560.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 576.9 m 500.5 576.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 562.9 m 500.5 562.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 560.9 m 500.5 560.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 576.9 m 562.5 576.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 562.9 m 562.5 562.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 560.9 m 562.5 560.9 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 626.35 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.05 642.35 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.95 634.35 Td (July 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.00 626.35 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.65 642.35 Td (Goodwill) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.95 634.35 Td (Acquired/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.60 626.35 Td (Adjusted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.05 642.35 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.95 634.35 Td (July 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.00 626.35 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.65 642.35 Td (Goodwill) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.95 634.35 Td (Acquired/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.60 626.35 Td (Adjusted) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 520.05 642.35 Td (Balance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 519.95 634.35 Td (July 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 525.00 626.35 Td (2018) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 611.60 Td (Small Business & Self-Employed) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 262.00 611.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 288.90 611.60 Td (1,168) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 611.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 363.40 611.60 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.00 611.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.90 611.60 Td (1,180) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 611.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.40 611.60 Td (316) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 510.00 611.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 536.90 611.60 Td (1,496) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 596.60 Td (Consumer) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.40 596.60 Td (23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 364.45 596.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.40 596.60 Td (23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.45 596.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 549.40 596.60 Td (23) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 581.60 Td (Strategic Partner) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.40 581.60 Td (91) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.40 581.60 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.40 581.60 Td (92) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.45 581.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 549.40 581.60 Td (92) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 566.60 Td (Totals) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 262.00 566.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 288.90 566.60 Td (1,282) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 566.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 363.40 566.60 Td (13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.00 566.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.90 566.60 Td (1,295) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 566.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.40 566.60 Td (316) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 510.00 566.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 536.90 566.60 Td (1,611) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 545.60 Td (Goodwill is net of accumulated impairment losses of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 263.60 545.60 Td ($114 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.77 545.60 Td (, which were recorded prior to July 31, 2016 and are included ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 534.80 Td (in our Consumer segment. The increase in goodwill in our Small Business & Self-Employed segment during the twelve months ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 524.00 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.51 524.00 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 131.88 524.00 Td ( was primarily due to the acquisitions of TSheets.com LLC, Exactor, Inc., and Applatix. See Note 6, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 513.20 Td (Business Combinations, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 157.39 513.20 Td (for more information.) Tj ET Q 50.5 474.7 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 474.7 l 52.5 474.7 m 53.5 474.7 l 54.5 474.7 m 55.5 474.7 l 56.5 474.7 m 57.5 474.7 l 58.5 474.7 m 59.5 474.7 l 60.5 474.7 m 61.5 474.7 l 62.5 474.7 m 63.5 474.7 l 64.5 474.7 m 65.5 474.7 l 66.5 474.7 m 67.5 474.7 l 68.5 474.7 m 69.5 474.7 l 70.5 474.7 m 71.5 474.7 l 72.5 474.7 m 73.5 474.7 l 74.5 474.7 m 75.5 474.7 l 76.5 474.7 m 77.5 474.7 l 78.5 474.7 m 79.5 474.7 l 80.5 474.7 m 81.5 474.7 l 82.5 474.7 m 83.5 474.7 l 84.5 474.7 m 85.5 474.7 l 86.5 474.7 m 87.5 474.7 l 88.5 474.7 m 89.5 474.7 l 90.5 474.7 m 91.5 474.7 l 92.5 474.7 m 93.5 474.7 l 94.5 474.7 m 95.5 474.7 l 96.5 474.7 m 97.5 474.7 l 98.5 474.7 m 99.5 474.7 l 100.5 474.7 m 101.5 474.7 l 102.5 474.7 m 103.5 474.7 l 104.5 474.7 m 105.5 474.7 l 106.5 474.7 m 107.5 474.7 l 108.5 474.7 m 109.5 474.7 l 110.5 474.7 m 111.5 474.7 l 112.5 474.7 m 113.5 474.7 l 114.5 474.7 m 115.5 474.7 l 116.5 474.7 m 117.5 474.7 l 118.5 474.7 m 119.5 474.7 l 120.5 474.7 m 121.5 474.7 l 122.5 474.7 m 123.5 474.7 l 124.5 474.7 m 125.5 474.7 l 126.5 474.7 m 127.5 474.7 l 128.5 474.7 m 129.5 474.7 l 130.5 474.7 m 131.5 474.7 l 132.5 474.7 m 133.5 474.7 l 134.5 474.7 m 135.5 474.7 l 136.5 474.7 m 137.5 474.7 l 138.5 474.7 m 139.5 474.7 l 140.5 474.7 m 141.5 474.7 l 142.5 474.7 m 143.5 474.7 l 144.5 474.7 m 145.5 474.7 l 146.5 474.7 m 147.5 474.7 l 148.5 474.7 m 149.5 474.7 l 150.5 474.7 m 151.5 474.7 l 152.5 474.7 m 153.5 474.7 l 154.5 474.7 m 155.5 474.7 l 156.5 474.7 m 157.5 474.7 l 158.5 474.7 m 159.5 474.7 l 160.5 474.7 m 161.5 474.7 l 162.5 474.7 m 163.5 474.7 l 164.5 474.7 m 165.5 474.7 l 166.5 474.7 m 167.5 474.7 l 168.5 474.7 m 169.5 474.7 l 170.5 474.7 m 171.5 474.7 l 172.5 474.7 m 173.5 474.7 l 174.5 474.7 m 175.5 474.7 l 176.5 474.7 m 177.5 474.7 l 178.5 474.7 m 179.5 474.7 l 180.5 474.7 m 181.5 474.7 l 182.5 474.7 m 183.5 474.7 l 184.5 474.7 m 185.5 474.7 l 186.5 474.7 m 187.5 474.7 l 188.5 474.7 m 189.5 474.7 l 190.5 474.7 m 191.5 474.7 l 192.5 474.7 m 193.5 474.7 l 194.5 474.7 m 195.5 474.7 l 196.5 474.7 m 197.5 474.7 l 198.5 474.7 m 199.5 474.7 l 200.5 474.7 m 201.5 474.7 l 202.5 474.7 m 203.5 474.7 l 204.5 474.7 m 205.5 474.7 l 206.5 474.7 m 207.5 474.7 l 208.5 474.7 m 209.5 474.7 l 210.5 474.7 m 211.5 474.7 l 212.5 474.7 m 213.5 474.7 l 214.5 474.7 m 215.5 474.7 l 216.5 474.7 m 217.5 474.7 l 218.5 474.7 m 219.5 474.7 l 220.5 474.7 m 221.5 474.7 l 222.5 474.7 m 223.5 474.7 l 224.5 474.7 m 225.5 474.7 l 226.5 474.7 m 227.5 474.7 l 228.5 474.7 m 229.5 474.7 l 230.5 474.7 m 231.5 474.7 l 232.5 474.7 m 233.5 474.7 l 234.5 474.7 m 235.5 474.7 l 236.5 474.7 m 237.5 474.7 l 238.5 474.7 m 239.5 474.7 l 240.5 474.7 m 241.5 474.7 l 242.5 474.7 m 243.5 474.7 l 244.5 474.7 m 245.5 474.7 l 246.5 474.7 m 247.5 474.7 l 248.5 474.7 m 249.5 474.7 l 250.5 474.7 m 251.5 474.7 l 252.5 474.7 m 253.5 474.7 l 254.5 474.7 m 255.5 474.7 l 256.5 474.7 m 257.5 474.7 l 258.5 474.7 m 259.5 474.7 l 260.5 474.7 m 261.5 474.7 l 262.5 474.7 m 263.5 474.7 l 264.5 474.7 m 265.5 474.7 l 266.5 474.7 m 267.5 474.7 l 268.5 474.7 m 269.5 474.7 l 270.5 474.7 m 271.5 474.7 l 272.5 474.7 m 273.5 474.7 l 274.5 474.7 m 275.5 474.7 l 276.5 474.7 m 277.5 474.7 l 278.5 474.7 m 279.5 474.7 l 280.5 474.7 m 281.5 474.7 l 282.5 474.7 m 283.5 474.7 l 284.5 474.7 m 285.5 474.7 l 286.5 474.7 m 287.5 474.7 l 288.5 474.7 m 289.5 474.7 l 290.5 474.7 m 291.5 474.7 l 292.5 474.7 m 293.5 474.7 l 294.5 474.7 m 295.5 474.7 l 296.5 474.7 m 297.5 474.7 l 298.5 474.7 m 299.5 474.7 l 300.5 474.7 m 301.5 474.7 l 302.5 474.7 m 303.5 474.7 l 304.5 474.7 m 305.5 474.7 l 306.5 474.7 m 307.5 474.7 l 308.5 474.7 m 309.5 474.7 l 310.5 474.7 m 311.5 474.7 l 312.5 474.7 m 313.5 474.7 l 314.5 474.7 m 315.5 474.7 l 316.5 474.7 m 317.5 474.7 l 318.5 474.7 m 319.5 474.7 l 320.5 474.7 m 321.5 474.7 l 322.5 474.7 m 323.5 474.7 l 324.5 474.7 m 325.5 474.7 l 326.5 474.7 m 327.5 474.7 l 328.5 474.7 m 329.5 474.7 l 330.5 474.7 m 331.5 474.7 l 332.5 474.7 m 333.5 474.7 l 334.5 474.7 m 335.5 474.7 l 336.5 474.7 m 337.5 474.7 l 338.5 474.7 m 339.5 474.7 l 340.5 474.7 m 341.5 474.7 l 342.5 474.7 m 343.5 474.7 l 344.5 474.7 m 345.5 474.7 l 346.5 474.7 m 347.5 474.7 l 348.5 474.7 m 349.5 474.7 l 350.5 474.7 m 351.5 474.7 l 352.5 474.7 m 353.5 474.7 l 354.5 474.7 m 355.5 474.7 l 356.5 474.7 m 357.5 474.7 l 358.5 474.7 m 359.5 474.7 l 360.5 474.7 m 361.5 474.7 l 362.5 474.7 m 363.5 474.7 l 364.5 474.7 m 365.5 474.7 l 366.5 474.7 m 367.5 474.7 l 368.5 474.7 m 369.5 474.7 l 370.5 474.7 m 371.5 474.7 l 372.5 474.7 m 373.5 474.7 l 374.5 474.7 m 375.5 474.7 l 376.5 474.7 m 377.5 474.7 l 378.5 474.7 m 379.5 474.7 l 380.5 474.7 m 381.5 474.7 l 382.5 474.7 m 383.5 474.7 l 384.5 474.7 m 385.5 474.7 l 386.5 474.7 m 387.5 474.7 l 388.5 474.7 m 389.5 474.7 l 390.5 474.7 m 391.5 474.7 l 392.5 474.7 m 393.5 474.7 l 394.5 474.7 m 395.5 474.7 l 396.5 474.7 m 397.5 474.7 l 398.5 474.7 m 399.5 474.7 l 400.5 474.7 m 401.5 474.7 l 402.5 474.7 m 403.5 474.7 l 404.5 474.7 m 405.5 474.7 l 406.5 474.7 m 407.5 474.7 l 408.5 474.7 m 409.5 474.7 l 410.5 474.7 m 411.5 474.7 l 412.5 474.7 m 413.5 474.7 l 414.5 474.7 m 415.5 474.7 l 416.5 474.7 m 417.5 474.7 l 418.5 474.7 m 419.5 474.7 l 420.5 474.7 m 421.5 474.7 l 422.5 474.7 m 423.5 474.7 l 424.5 474.7 m 425.5 474.7 l 426.5 474.7 m 427.5 474.7 l 428.5 474.7 m 429.5 474.7 l 430.5 474.7 m 431.5 474.7 l 432.5 474.7 m 433.5 474.7 l 434.5 474.7 m 435.5 474.7 l 436.5 474.7 m 437.5 474.7 l 438.5 474.7 m 439.5 474.7 l 440.5 474.7 m 441.5 474.7 l 442.5 474.7 m 443.5 474.7 l 444.5 474.7 m 445.5 474.7 l 446.5 474.7 m 447.5 474.7 l 448.5 474.7 m 449.5 474.7 l 450.5 474.7 m 451.5 474.7 l 452.5 474.7 m 453.5 474.7 l 454.5 474.7 m 455.5 474.7 l 456.5 474.7 m 457.5 474.7 l 458.5 474.7 m 459.5 474.7 l 460.5 474.7 m 461.5 474.7 l 462.5 474.7 m 463.5 474.7 l 464.5 474.7 m 465.5 474.7 l 466.5 474.7 m 467.5 474.7 l 468.5 474.7 m 469.5 474.7 l 470.5 474.7 m 471.5 474.7 l 472.5 474.7 m 473.5 474.7 l 474.5 474.7 m 475.5 474.7 l 476.5 474.7 m 477.5 474.7 l 478.5 474.7 m 479.5 474.7 l 480.5 474.7 m 481.5 474.7 l 482.5 474.7 m 483.5 474.7 l 484.5 474.7 m 485.5 474.7 l 486.5 474.7 m 487.5 474.7 l 488.5 474.7 m 489.5 474.7 l 490.5 474.7 m 491.5 474.7 l 492.5 474.7 m 493.5 474.7 l 494.5 474.7 m 495.5 474.7 l 496.5 474.7 m 497.5 474.7 l 498.5 474.7 m 499.5 474.7 l 500.5 474.7 m 501.5 474.7 l 502.5 474.7 m 503.5 474.7 l 504.5 474.7 m 505.5 474.7 l 506.5 474.7 m 507.5 474.7 l 508.5 474.7 m 509.5 474.7 l 510.5 474.7 m 511.5 474.7 l 512.5 474.7 m 513.5 474.7 l 514.5 474.7 m 515.5 474.7 l 516.5 474.7 m 517.5 474.7 l 518.5 474.7 m 519.5 474.7 l 520.5 474.7 m 521.5 474.7 l 522.5 474.7 m 523.5 474.7 l 524.5 474.7 m 525.5 474.7 l 526.5 474.7 m 527.5 474.7 l 528.5 474.7 m 529.5 474.7 l 530.5 474.7 m 531.5 474.7 l 532.5 474.7 m 533.5 474.7 l 534.5 474.7 m 535.5 474.7 l 536.5 474.7 m 537.5 474.7 l 538.5 474.7 m 539.5 474.7 l 540.5 474.7 m 541.5 474.7 l 542.5 474.7 m 543.5 474.7 l 544.5 474.7 m 545.5 474.7 l 546.5 474.7 m 547.5 474.7 l 548.5 474.7 m 549.5 474.7 l 550.5 474.7 m 551.5 474.7 l 552.5 474.7 m 553.5 474.7 l 554.5 474.7 m 555.5 474.7 l 556.5 474.7 m 557.5 474.7 l 558.5 474.7 m 559.5 474.7 l 560.5 474.7 m 561.5 474.7 l 562.5 474.7 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 479.88 Td (Acquired Intangible Assets) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 458.40 Td (The following table shows the cost, accumulated amortization and weighted average life in years for our acquired intangible ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 447.60 Td (assets at the dates indicated. The weighted average lives are calculated for assets that are not fully amortized.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 396.10 230.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 280.50 396.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 330.50 396.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 338.50 396.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 388.50 396.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.50 396.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 446.50 396.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 396.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 504.50 396.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 512.50 396.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 382.10 230.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 280.50 382.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 330.50 382.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 338.50 382.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 388.50 382.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.50 382.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 446.50 382.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 382.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 504.50 382.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 512.50 382.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 368.10 230.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 280.50 368.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 330.50 368.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 338.50 368.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 388.50 368.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.50 368.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 446.50 368.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 368.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 504.50 368.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 512.50 368.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 354.10 230.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 280.50 354.10 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 330.50 354.10 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 338.50 354.10 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 388.50 354.10 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.50 354.10 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 446.50 354.10 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 354.10 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 504.50 354.10 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 512.50 354.10 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 339.10 230.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 280.50 339.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 330.50 339.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 338.50 339.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 388.50 339.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.50 339.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 446.50 339.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 339.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 504.50 339.10 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 512.50 339.10 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 400.1 m 330.5 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 400.1 m 388.5 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 400.1 m 446.5 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 400.1 m 504.5 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 400.1 m 562.5 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 354.1 m 330.5 354.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 354.1 m 388.5 354.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 354.1 m 446.5 354.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 354.1 m 504.5 354.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 354.1 m 562.5 354.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 340.1 m 330.5 340.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 338.1 m 330.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 340.1 m 388.5 340.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 338.1 m 388.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 354.1 m 446.5 354.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 340.1 m 446.5 340.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 338.1 m 446.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 340.1 m 504.5 340.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 338.1 m 504.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 340.1 m 562.5 340.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 338.1 m 562.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 326.1 m 330.5 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 324.1 m 330.5 324.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 326.1 m 388.5 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 324.1 m 388.5 324.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 338.1 m 446.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 340.1 m 446.5 340.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 326.1 m 446.5 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 324.1 m 446.5 324.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 326.1 m 504.5 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 324.1 m 504.5 324.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 338.1 m 562.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 340.1 m 562.5 340.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 326.1 m 562.5 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 324.1 m 562.5 324.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 268.1 m 330.5 268.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 268.1 m 388.5 268.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 268.1 m 446.5 268.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 268.1 m 504.5 268.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 268.1 m 562.5 268.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 255.10000000000002 m 330.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 253.10000000000002 m 330.5 253.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 255.10000000000002 m 388.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 253.10000000000002 m 388.5 253.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 255.10000000000002 m 446.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 253.10000000000002 m 446.5 253.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 255.10000000000002 m 504.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 253.10000000000002 m 504.5 253.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 255.10000000000002 m 562.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 253.10000000000002 m 562.5 253.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 241.10000000000002 m 330.5 241.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 239.10000000000002 m 330.5 239.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 241.10000000000002 m 388.5 241.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 239.10000000000002 m 388.5 239.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 241.10000000000002 m 446.5 241.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 239.10000000000002 m 446.5 239.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 241.10000000000002 m 504.5 241.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 239.10000000000002 m 504.5 239.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 253.10000000000002 m 562.5 253.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 255.10000000000002 m 562.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 241.10000000000002 m 562.5 241.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 239.10000000000002 m 562.5 239.10000000000002 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 404.55 Td (\(Dollars in millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.85 412.55 Td (Customer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.75 404.55 Td (Lists) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.80 412.55 Td (Purchased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.80 404.55 Td (Technology) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.55 420.55 Td (Trade) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.10 412.55 Td (Names) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.60 404.55 Td (and Logos) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.35 428.55 Td (Covenants) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.60 420.55 Td (Not to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.65 412.55 Td (Compete) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.90 404.55 Td (or Sue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.95 404.55 Td (Total) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 53.00 393.60 71.96 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 386.80 Td (At July 31, 2018:) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 283.00 386.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 341.00 386.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 399.00 386.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 457.00 386.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 515.00 386.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 372.80 Td (Cost) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 283.00 372.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 312.40 372.80 Td (257) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 341.00 372.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 370.40 372.80 Td (403) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 399.00 372.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 433.40 372.80 Td (25) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 457.00 372.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 491.40 372.80 Td (39) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 515.00 372.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 544.40 372.80 Td (724) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 358.80 Td (Accumulated amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 309.90 358.80 Td (\(242) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 327.45 358.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 367.90 358.80 Td (\(364) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 385.45 358.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 430.90 358.80 Td (\(24) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 443.45 358.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 488.90 358.80 Td (\(33) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 501.45 358.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 541.90 358.80 Td (\(663) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 559.45 358.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 59.00 343.80 Td (Acquired intangible assets, net) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 283.00 343.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 317.40 343.80 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 341.00 343.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 375.40 343.80 Td (39) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 399.00 343.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 438.40 343.80 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 457.00 343.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 496.40 343.80 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 515.00 343.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 549.40 343.80 Td (61) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 329.80 Td (Weighted average life in years) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 321.95 329.80 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 379.95 329.80 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 437.95 329.80 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 495.95 329.80 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 553.95 329.80 Td (4) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 300.80 Td (At July 31, 2017:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.00 300.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.00 300.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.00 300.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 300.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.00 300.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 286.80 Td (Cost) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.00 286.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.40 286.80 Td (240) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.00 286.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.40 286.80 Td (367) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.00 286.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.40 286.80 Td (23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 286.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.40 286.80 Td (32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.00 286.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 286.80 Td (662) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 272.80 Td (Accumulated amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.90 272.80 Td (\(240) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.45 272.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.90 272.80 Td (\(346) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.45 272.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.90 272.80 Td (\(23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 272.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.90 272.80 Td (\(31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.45 272.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.90 272.80 Td (\(640) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.45 272.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 258.80 Td (Acquired intangible assets, net) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.00 258.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.45 258.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.00 258.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.40 258.80 Td (21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.00 258.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.45 258.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 258.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.40 258.80 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.00 258.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.40 258.80 Td (22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 244.80 Td (Weighted average life in years) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.65 244.80 Td (NA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.95 244.80 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.65 244.80 Td (NA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 495.95 244.80 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.95 244.80 Td (6) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 149 0 obj <>] /Rotate 0 /Contents 150 0 R>> endobj 150 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (73 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (The following table shows the expected future amortization expense for our acquired intangible assets at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.22 742.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.59 742.20 Td (. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (Amortization of purchased technology is charged to cost of service and other revenue and to amortization of acquired ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (technology in our statements of operations. Amortization of other acquired intangible assets such as customer lists is charged ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 709.80 Td (to amortization of other acquired intangible assets in our statements of operations. If impairment events occur, they could ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 699.00 Td (accelerate the timing of acquired intangible asset charges. ) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 505.50 688.50 57.00 -37.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 505.50 651.50 57.00 -4.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 505.50 647.50 57.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 505.50 632.50 57.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 505.50 617.50 57.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 505.50 603.50 57.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 505.50 589.50 57.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 505.50 575.50 57.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 505.50 561.50 57.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 505.50 547.50 57.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 651.5 m 562.5 651.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 547.5 m 562.5 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 534.5 m 562.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 532.5 m 562.5 532.5 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 655.95 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 515.75 679.95 Td (Expected) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 521.25 671.95 Td (Future) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 509.10 663.95 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 517.70 655.95 Td (Expense) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 637.20 Td (Twelve months ending July31,) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 508.00 637.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 622.20 Td (2019) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 508.00 622.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 549.40 622.20 Td (25) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 608.20 Td (2020) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 549.40 608.20 Td (22) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 594.20 Td (2021) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 549.40 594.20 Td (10) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 580.20 Td (2022) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 554.40 580.20 Td (3) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 566.20 Td (2023) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 554.40 566.20 Td (1) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 552.20 Td (Thereafter) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 550.45 552.20 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 538.20 Td (Total expected future amortization expense) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 508.00 538.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 549.40 538.20 Td (61) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 505.50 512.00 -18.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 487.5 m 562.5 487.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 493.17 Td (6. Business Combinations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 466.40 Td (During fiscal 2018 we acquired all of the outstanding equity interests of TSheets.com LLC, Exactor, Inc., and Applatix, Inc. for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 455.60 Td (total combined cash and other consideration of approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 304.33 455.60 Td ($412 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.51 455.60 Td (. The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.19 455.60 Td ($412 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.36 455.60 Td ( included approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.23 455.60 Td ($27 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 444.80 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.66 444.80 Td ( for the fair value of equity awards and other cash consideration that is being charged to expense over the future ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 434.00 Td (service period of up to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.23 434.00 Td (three) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 165.42 434.00 Td ( years. These ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 220.45 434.00 Td (three) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 241.64 434.00 Td ( businesses became part of our Small Business & Self-Employed segment and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 423.20 Td (will provide additional features to our QuickBooks offerings such as automated time tracking and scheduling and the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 412.40 Td (calculation and filing of sales and use taxes. We have included their results of operations in our consolidated results of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 401.60 Td (operations from the dates of acquisition. Their results of operations for all periods presented and periods prior to the dates of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 390.80 Td (acquisition were not material when compared with our consolidated results of operations.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 374.00 Td (Under the acquisition method of accounting we allocated the fair value of the total combined purchase consideration of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.48 374.00 Td ($385 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 363.20 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.66 363.20 Td ( to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 352.40 Td (on the dates of acquisition. The fair values assigned to the identifiable intangible assets acquired were based on estimates and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 341.60 Td (assumptions determined by management. We recorded the excess of consideration over the aggregate fair values as goodwill ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 330.80 Td (which is primarily attributable to expected synergies from future growth. Using information available at the time the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 320.00 Td (acquisitions closed, we allocated approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.75 320.00 Td ($5 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.92 320.00 Td ( of the total combined purchase consideration to net tangible assets ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 309.20 Td (and approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 127.87 309.20 Td ($62 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 172.04 309.20 Td ( to identified intangible assets which are being amortized over a weighted average life of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.18 309.20 Td (four) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.53 309.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 298.40 Td (years. The identified intangible assets include ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 236.04 298.40 Td ($38 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 280.21 298.40 Td ( for purchased technology, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.13 298.40 Td ($17 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.31 298.40 Td ( for customer lists, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.53 298.40 Td ($7 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 287.60 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.66 287.60 Td ( for covenants not to compete. We recorded the excess combined purchase consideration of approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.89 287.60 Td ($318 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 276.80 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.66 276.80 Td ( as goodwill, of which approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.56 276.80 Td ($219 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 275.74 276.80 Td ( is deductible for income tax purposes.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 248.30 512.00 -18.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 230.29999999999995 m 562.5 230.29999999999995 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 235.97 Td (7. Discontinued Operations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 211.00 Td (On February 1, 2016 we completed the sale of our Demandforce business. On April 1, 2016 we completed the sales of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 200.20 Td (QuickBase and Quicken businesses. We received ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 249.50 200.20 Td ($463 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 298.68 200.20 Td ( in cash and recorded a pre-tax gain of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.11 200.20 Td ($354 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 506.29 200.20 Td ( and a net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 189.40 Td (gain of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.52 189.40 Td ($173 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 129.70 189.40 Td ( on the disposal of these ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 231.43 189.40 Td (three) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.62 189.40 Td ( businesses in fiscal 2016.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 172.60 Td (We classified our Demandforce, QuickBase, and Quicken businesses as discontinued operations and have therefore ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 161.80 Td (segregated their operating results from continuing operations in our statements of operations for all periods presented. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 151.00 Td (Because the cash flows of these businesses were not material for any period presented, we have not segregated them on our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 140.20 Td (statements of cash flows. Demandforce and QuickBase were part of our Small Business & Self-Employed segment and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 129.40 Td (Quicken was part of our former Consumer segment.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 112.60 Td (Net revenue from discontinued operations was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 241.80 112.60 Td ($137 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.97 112.60 Td ( for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.89 112.60 Td (July31, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.26 112.60 Td (. We recorded net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 101.80 Td (income from discontinued operations of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 214.29 101.80 Td ($173 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 263.46 101.80 Td ( for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.38 101.80 Td (July31, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.74 101.80 Td (.) Tj ET Q endstream endobj 151 0 obj <>] /Rotate 0 /Contents 152 0 R>> endobj 152 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (74 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 748.50 512.00 -18.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 730.5 m 562.5 730.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 736.17 Td (8. Current Liabilities) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 50.5 695.5 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 695.5 l 52.5 695.5 m 53.5 695.5 l 54.5 695.5 m 55.5 695.5 l 56.5 695.5 m 57.5 695.5 l 58.5 695.5 m 59.5 695.5 l 60.5 695.5 m 61.5 695.5 l 62.5 695.5 m 63.5 695.5 l 64.5 695.5 m 65.5 695.5 l 66.5 695.5 m 67.5 695.5 l 68.5 695.5 m 69.5 695.5 l 70.5 695.5 m 71.5 695.5 l 72.5 695.5 m 73.5 695.5 l 74.5 695.5 m 75.5 695.5 l 76.5 695.5 m 77.5 695.5 l 78.5 695.5 m 79.5 695.5 l 80.5 695.5 m 81.5 695.5 l 82.5 695.5 m 83.5 695.5 l 84.5 695.5 m 85.5 695.5 l 86.5 695.5 m 87.5 695.5 l 88.5 695.5 m 89.5 695.5 l 90.5 695.5 m 91.5 695.5 l 92.5 695.5 m 93.5 695.5 l 94.5 695.5 m 95.5 695.5 l 96.5 695.5 m 97.5 695.5 l 98.5 695.5 m 99.5 695.5 l 100.5 695.5 m 101.5 695.5 l 102.5 695.5 m 103.5 695.5 l 104.5 695.5 m 105.5 695.5 l 106.5 695.5 m 107.5 695.5 l 108.5 695.5 m 109.5 695.5 l 110.5 695.5 m 111.5 695.5 l 112.5 695.5 m 113.5 695.5 l 114.5 695.5 m 115.5 695.5 l 116.5 695.5 m 117.5 695.5 l 118.5 695.5 m 119.5 695.5 l 120.5 695.5 m 121.5 695.5 l 122.5 695.5 m 123.5 695.5 l 124.5 695.5 m 125.5 695.5 l 126.5 695.5 m 127.5 695.5 l 128.5 695.5 m 129.5 695.5 l 130.5 695.5 m 131.5 695.5 l 132.5 695.5 m 133.5 695.5 l 134.5 695.5 m 135.5 695.5 l 136.5 695.5 m 137.5 695.5 l 138.5 695.5 m 139.5 695.5 l 140.5 695.5 m 141.5 695.5 l 142.5 695.5 m 143.5 695.5 l 144.5 695.5 m 145.5 695.5 l 146.5 695.5 m 147.5 695.5 l 148.5 695.5 m 149.5 695.5 l 150.5 695.5 m 151.5 695.5 l 152.5 695.5 m 153.5 695.5 l 154.5 695.5 m 155.5 695.5 l 156.5 695.5 m 157.5 695.5 l 158.5 695.5 m 159.5 695.5 l 160.5 695.5 m 161.5 695.5 l 162.5 695.5 m 163.5 695.5 l 164.5 695.5 m 165.5 695.5 l 166.5 695.5 m 167.5 695.5 l 168.5 695.5 m 169.5 695.5 l 170.5 695.5 m 171.5 695.5 l 172.5 695.5 m 173.5 695.5 l 174.5 695.5 m 175.5 695.5 l 176.5 695.5 m 177.5 695.5 l 178.5 695.5 m 179.5 695.5 l 180.5 695.5 m 181.5 695.5 l 182.5 695.5 m 183.5 695.5 l 184.5 695.5 m 185.5 695.5 l 186.5 695.5 m 187.5 695.5 l 188.5 695.5 m 189.5 695.5 l 190.5 695.5 m 191.5 695.5 l 192.5 695.5 m 193.5 695.5 l 194.5 695.5 m 195.5 695.5 l 196.5 695.5 m 197.5 695.5 l 198.5 695.5 m 199.5 695.5 l 200.5 695.5 m 201.5 695.5 l 202.5 695.5 m 203.5 695.5 l 204.5 695.5 m 205.5 695.5 l 206.5 695.5 m 207.5 695.5 l 208.5 695.5 m 209.5 695.5 l 210.5 695.5 m 211.5 695.5 l 212.5 695.5 m 213.5 695.5 l 214.5 695.5 m 215.5 695.5 l 216.5 695.5 m 217.5 695.5 l 218.5 695.5 m 219.5 695.5 l 220.5 695.5 m 221.5 695.5 l 222.5 695.5 m 223.5 695.5 l 224.5 695.5 m 225.5 695.5 l 226.5 695.5 m 227.5 695.5 l 228.5 695.5 m 229.5 695.5 l 230.5 695.5 m 231.5 695.5 l 232.5 695.5 m 233.5 695.5 l 234.5 695.5 m 235.5 695.5 l 236.5 695.5 m 237.5 695.5 l 238.5 695.5 m 239.5 695.5 l 240.5 695.5 m 241.5 695.5 l 242.5 695.5 m 243.5 695.5 l 244.5 695.5 m 245.5 695.5 l 246.5 695.5 m 247.5 695.5 l 248.5 695.5 m 249.5 695.5 l 250.5 695.5 m 251.5 695.5 l 252.5 695.5 m 253.5 695.5 l 254.5 695.5 m 255.5 695.5 l 256.5 695.5 m 257.5 695.5 l 258.5 695.5 m 259.5 695.5 l 260.5 695.5 m 261.5 695.5 l 262.5 695.5 m 263.5 695.5 l 264.5 695.5 m 265.5 695.5 l 266.5 695.5 m 267.5 695.5 l 268.5 695.5 m 269.5 695.5 l 270.5 695.5 m 271.5 695.5 l 272.5 695.5 m 273.5 695.5 l 274.5 695.5 m 275.5 695.5 l 276.5 695.5 m 277.5 695.5 l 278.5 695.5 m 279.5 695.5 l 280.5 695.5 m 281.5 695.5 l 282.5 695.5 m 283.5 695.5 l 284.5 695.5 m 285.5 695.5 l 286.5 695.5 m 287.5 695.5 l 288.5 695.5 m 289.5 695.5 l 290.5 695.5 m 291.5 695.5 l 292.5 695.5 m 293.5 695.5 l 294.5 695.5 m 295.5 695.5 l 296.5 695.5 m 297.5 695.5 l 298.5 695.5 m 299.5 695.5 l 300.5 695.5 m 301.5 695.5 l 302.5 695.5 m 303.5 695.5 l 304.5 695.5 m 305.5 695.5 l 306.5 695.5 m 307.5 695.5 l 308.5 695.5 m 309.5 695.5 l 310.5 695.5 m 311.5 695.5 l 312.5 695.5 m 313.5 695.5 l 314.5 695.5 m 315.5 695.5 l 316.5 695.5 m 317.5 695.5 l 318.5 695.5 m 319.5 695.5 l 320.5 695.5 m 321.5 695.5 l 322.5 695.5 m 323.5 695.5 l 324.5 695.5 m 325.5 695.5 l 326.5 695.5 m 327.5 695.5 l 328.5 695.5 m 329.5 695.5 l 330.5 695.5 m 331.5 695.5 l 332.5 695.5 m 333.5 695.5 l 334.5 695.5 m 335.5 695.5 l 336.5 695.5 m 337.5 695.5 l 338.5 695.5 m 339.5 695.5 l 340.5 695.5 m 341.5 695.5 l 342.5 695.5 m 343.5 695.5 l 344.5 695.5 m 345.5 695.5 l 346.5 695.5 m 347.5 695.5 l 348.5 695.5 m 349.5 695.5 l 350.5 695.5 m 351.5 695.5 l 352.5 695.5 m 353.5 695.5 l 354.5 695.5 m 355.5 695.5 l 356.5 695.5 m 357.5 695.5 l 358.5 695.5 m 359.5 695.5 l 360.5 695.5 m 361.5 695.5 l 362.5 695.5 m 363.5 695.5 l 364.5 695.5 m 365.5 695.5 l 366.5 695.5 m 367.5 695.5 l 368.5 695.5 m 369.5 695.5 l 370.5 695.5 m 371.5 695.5 l 372.5 695.5 m 373.5 695.5 l 374.5 695.5 m 375.5 695.5 l 376.5 695.5 m 377.5 695.5 l 378.5 695.5 m 379.5 695.5 l 380.5 695.5 m 381.5 695.5 l 382.5 695.5 m 383.5 695.5 l 384.5 695.5 m 385.5 695.5 l 386.5 695.5 m 387.5 695.5 l 388.5 695.5 m 389.5 695.5 l 390.5 695.5 m 391.5 695.5 l 392.5 695.5 m 393.5 695.5 l 394.5 695.5 m 395.5 695.5 l 396.5 695.5 m 397.5 695.5 l 398.5 695.5 m 399.5 695.5 l 400.5 695.5 m 401.5 695.5 l 402.5 695.5 m 403.5 695.5 l 404.5 695.5 m 405.5 695.5 l 406.5 695.5 m 407.5 695.5 l 408.5 695.5 m 409.5 695.5 l 410.5 695.5 m 411.5 695.5 l 412.5 695.5 m 413.5 695.5 l 414.5 695.5 m 415.5 695.5 l 416.5 695.5 m 417.5 695.5 l 418.5 695.5 m 419.5 695.5 l 420.5 695.5 m 421.5 695.5 l 422.5 695.5 m 423.5 695.5 l 424.5 695.5 m 425.5 695.5 l 426.5 695.5 m 427.5 695.5 l 428.5 695.5 m 429.5 695.5 l 430.5 695.5 m 431.5 695.5 l 432.5 695.5 m 433.5 695.5 l 434.5 695.5 m 435.5 695.5 l 436.5 695.5 m 437.5 695.5 l 438.5 695.5 m 439.5 695.5 l 440.5 695.5 m 441.5 695.5 l 442.5 695.5 m 443.5 695.5 l 444.5 695.5 m 445.5 695.5 l 446.5 695.5 m 447.5 695.5 l 448.5 695.5 m 449.5 695.5 l 450.5 695.5 m 451.5 695.5 l 452.5 695.5 m 453.5 695.5 l 454.5 695.5 m 455.5 695.5 l 456.5 695.5 m 457.5 695.5 l 458.5 695.5 m 459.5 695.5 l 460.5 695.5 m 461.5 695.5 l 462.5 695.5 m 463.5 695.5 l 464.5 695.5 m 465.5 695.5 l 466.5 695.5 m 467.5 695.5 l 468.5 695.5 m 469.5 695.5 l 470.5 695.5 m 471.5 695.5 l 472.5 695.5 m 473.5 695.5 l 474.5 695.5 m 475.5 695.5 l 476.5 695.5 m 477.5 695.5 l 478.5 695.5 m 479.5 695.5 l 480.5 695.5 m 481.5 695.5 l 482.5 695.5 m 483.5 695.5 l 484.5 695.5 m 485.5 695.5 l 486.5 695.5 m 487.5 695.5 l 488.5 695.5 m 489.5 695.5 l 490.5 695.5 m 491.5 695.5 l 492.5 695.5 m 493.5 695.5 l 494.5 695.5 m 495.5 695.5 l 496.5 695.5 m 497.5 695.5 l 498.5 695.5 m 499.5 695.5 l 500.5 695.5 m 501.5 695.5 l 502.5 695.5 m 503.5 695.5 l 504.5 695.5 m 505.5 695.5 l 506.5 695.5 m 507.5 695.5 l 508.5 695.5 m 509.5 695.5 l 510.5 695.5 m 511.5 695.5 l 512.5 695.5 m 513.5 695.5 l 514.5 695.5 m 515.5 695.5 l 516.5 695.5 m 517.5 695.5 l 518.5 695.5 m 519.5 695.5 l 520.5 695.5 m 521.5 695.5 l 522.5 695.5 m 523.5 695.5 l 524.5 695.5 m 525.5 695.5 l 526.5 695.5 m 527.5 695.5 l 528.5 695.5 m 529.5 695.5 l 530.5 695.5 m 531.5 695.5 l 532.5 695.5 m 533.5 695.5 l 534.5 695.5 m 535.5 695.5 l 536.5 695.5 m 537.5 695.5 l 538.5 695.5 m 539.5 695.5 l 540.5 695.5 m 541.5 695.5 l 542.5 695.5 m 543.5 695.5 l 544.5 695.5 m 545.5 695.5 l 546.5 695.5 m 547.5 695.5 l 548.5 695.5 m 549.5 695.5 l 550.5 695.5 m 551.5 695.5 l 552.5 695.5 m 553.5 695.5 l 554.5 695.5 m 555.5 695.5 l 556.5 695.5 m 557.5 695.5 l 558.5 695.5 m 559.5 695.5 l 560.5 695.5 m 561.5 695.5 l 562.5 695.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 700.68 Td (Short-Term Debt) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 679.20 Td (On February 1, 2016 we entered into a master credit agreement with certain institutional lenders for a five-year credit facility ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 668.40 Td (in an aggregate principal amount of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 197.57 668.40 Td ($1.5 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.08 668.40 Td (. The master credit agreement includes a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 409.66 668.40 Td ($500 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.83 668.40 Td ( unsecured term loan and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 657.65 Td (a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.17 657.65 Td ($1 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.17 657.65 Td ( unsecured revolving credit facility. At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 248.75 657.65 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.12 657.65 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.12 657.65 Td ($438 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 356.30 657.65 Td ( was outstanding under the term loan, of which ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 646.80 Td ($50 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.17 646.80 Td ( was classified as short-term debt. See Note 9, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 288.77 646.80 Td (Long-Term Obligations and Commitments Long-Term Debt, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.21 646.80 Td (for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 636.00 Td (more information regarding the term loan.) Tj ET Q 50.5 600.5 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 600.5 l 52.5 600.5 m 53.5 600.5 l 54.5 600.5 m 55.5 600.5 l 56.5 600.5 m 57.5 600.5 l 58.5 600.5 m 59.5 600.5 l 60.5 600.5 m 61.5 600.5 l 62.5 600.5 m 63.5 600.5 l 64.5 600.5 m 65.5 600.5 l 66.5 600.5 m 67.5 600.5 l 68.5 600.5 m 69.5 600.5 l 70.5 600.5 m 71.5 600.5 l 72.5 600.5 m 73.5 600.5 l 74.5 600.5 m 75.5 600.5 l 76.5 600.5 m 77.5 600.5 l 78.5 600.5 m 79.5 600.5 l 80.5 600.5 m 81.5 600.5 l 82.5 600.5 m 83.5 600.5 l 84.5 600.5 m 85.5 600.5 l 86.5 600.5 m 87.5 600.5 l 88.5 600.5 m 89.5 600.5 l 90.5 600.5 m 91.5 600.5 l 92.5 600.5 m 93.5 600.5 l 94.5 600.5 m 95.5 600.5 l 96.5 600.5 m 97.5 600.5 l 98.5 600.5 m 99.5 600.5 l 100.5 600.5 m 101.5 600.5 l 102.5 600.5 m 103.5 600.5 l 104.5 600.5 m 105.5 600.5 l 106.5 600.5 m 107.5 600.5 l 108.5 600.5 m 109.5 600.5 l 110.5 600.5 m 111.5 600.5 l 112.5 600.5 m 113.5 600.5 l 114.5 600.5 m 115.5 600.5 l 116.5 600.5 m 117.5 600.5 l 118.5 600.5 m 119.5 600.5 l 120.5 600.5 m 121.5 600.5 l 122.5 600.5 m 123.5 600.5 l 124.5 600.5 m 125.5 600.5 l 126.5 600.5 m 127.5 600.5 l 128.5 600.5 m 129.5 600.5 l 130.5 600.5 m 131.5 600.5 l 132.5 600.5 m 133.5 600.5 l 134.5 600.5 m 135.5 600.5 l 136.5 600.5 m 137.5 600.5 l 138.5 600.5 m 139.5 600.5 l 140.5 600.5 m 141.5 600.5 l 142.5 600.5 m 143.5 600.5 l 144.5 600.5 m 145.5 600.5 l 146.5 600.5 m 147.5 600.5 l 148.5 600.5 m 149.5 600.5 l 150.5 600.5 m 151.5 600.5 l 152.5 600.5 m 153.5 600.5 l 154.5 600.5 m 155.5 600.5 l 156.5 600.5 m 157.5 600.5 l 158.5 600.5 m 159.5 600.5 l 160.5 600.5 m 161.5 600.5 l 162.5 600.5 m 163.5 600.5 l 164.5 600.5 m 165.5 600.5 l 166.5 600.5 m 167.5 600.5 l 168.5 600.5 m 169.5 600.5 l 170.5 600.5 m 171.5 600.5 l 172.5 600.5 m 173.5 600.5 l 174.5 600.5 m 175.5 600.5 l 176.5 600.5 m 177.5 600.5 l 178.5 600.5 m 179.5 600.5 l 180.5 600.5 m 181.5 600.5 l 182.5 600.5 m 183.5 600.5 l 184.5 600.5 m 185.5 600.5 l 186.5 600.5 m 187.5 600.5 l 188.5 600.5 m 189.5 600.5 l 190.5 600.5 m 191.5 600.5 l 192.5 600.5 m 193.5 600.5 l 194.5 600.5 m 195.5 600.5 l 196.5 600.5 m 197.5 600.5 l 198.5 600.5 m 199.5 600.5 l 200.5 600.5 m 201.5 600.5 l 202.5 600.5 m 203.5 600.5 l 204.5 600.5 m 205.5 600.5 l 206.5 600.5 m 207.5 600.5 l 208.5 600.5 m 209.5 600.5 l 210.5 600.5 m 211.5 600.5 l 212.5 600.5 m 213.5 600.5 l 214.5 600.5 m 215.5 600.5 l 216.5 600.5 m 217.5 600.5 l 218.5 600.5 m 219.5 600.5 l 220.5 600.5 m 221.5 600.5 l 222.5 600.5 m 223.5 600.5 l 224.5 600.5 m 225.5 600.5 l 226.5 600.5 m 227.5 600.5 l 228.5 600.5 m 229.5 600.5 l 230.5 600.5 m 231.5 600.5 l 232.5 600.5 m 233.5 600.5 l 234.5 600.5 m 235.5 600.5 l 236.5 600.5 m 237.5 600.5 l 238.5 600.5 m 239.5 600.5 l 240.5 600.5 m 241.5 600.5 l 242.5 600.5 m 243.5 600.5 l 244.5 600.5 m 245.5 600.5 l 246.5 600.5 m 247.5 600.5 l 248.5 600.5 m 249.5 600.5 l 250.5 600.5 m 251.5 600.5 l 252.5 600.5 m 253.5 600.5 l 254.5 600.5 m 255.5 600.5 l 256.5 600.5 m 257.5 600.5 l 258.5 600.5 m 259.5 600.5 l 260.5 600.5 m 261.5 600.5 l 262.5 600.5 m 263.5 600.5 l 264.5 600.5 m 265.5 600.5 l 266.5 600.5 m 267.5 600.5 l 268.5 600.5 m 269.5 600.5 l 270.5 600.5 m 271.5 600.5 l 272.5 600.5 m 273.5 600.5 l 274.5 600.5 m 275.5 600.5 l 276.5 600.5 m 277.5 600.5 l 278.5 600.5 m 279.5 600.5 l 280.5 600.5 m 281.5 600.5 l 282.5 600.5 m 283.5 600.5 l 284.5 600.5 m 285.5 600.5 l 286.5 600.5 m 287.5 600.5 l 288.5 600.5 m 289.5 600.5 l 290.5 600.5 m 291.5 600.5 l 292.5 600.5 m 293.5 600.5 l 294.5 600.5 m 295.5 600.5 l 296.5 600.5 m 297.5 600.5 l 298.5 600.5 m 299.5 600.5 l 300.5 600.5 m 301.5 600.5 l 302.5 600.5 m 303.5 600.5 l 304.5 600.5 m 305.5 600.5 l 306.5 600.5 m 307.5 600.5 l 308.5 600.5 m 309.5 600.5 l 310.5 600.5 m 311.5 600.5 l 312.5 600.5 m 313.5 600.5 l 314.5 600.5 m 315.5 600.5 l 316.5 600.5 m 317.5 600.5 l 318.5 600.5 m 319.5 600.5 l 320.5 600.5 m 321.5 600.5 l 322.5 600.5 m 323.5 600.5 l 324.5 600.5 m 325.5 600.5 l 326.5 600.5 m 327.5 600.5 l 328.5 600.5 m 329.5 600.5 l 330.5 600.5 m 331.5 600.5 l 332.5 600.5 m 333.5 600.5 l 334.5 600.5 m 335.5 600.5 l 336.5 600.5 m 337.5 600.5 l 338.5 600.5 m 339.5 600.5 l 340.5 600.5 m 341.5 600.5 l 342.5 600.5 m 343.5 600.5 l 344.5 600.5 m 345.5 600.5 l 346.5 600.5 m 347.5 600.5 l 348.5 600.5 m 349.5 600.5 l 350.5 600.5 m 351.5 600.5 l 352.5 600.5 m 353.5 600.5 l 354.5 600.5 m 355.5 600.5 l 356.5 600.5 m 357.5 600.5 l 358.5 600.5 m 359.5 600.5 l 360.5 600.5 m 361.5 600.5 l 362.5 600.5 m 363.5 600.5 l 364.5 600.5 m 365.5 600.5 l 366.5 600.5 m 367.5 600.5 l 368.5 600.5 m 369.5 600.5 l 370.5 600.5 m 371.5 600.5 l 372.5 600.5 m 373.5 600.5 l 374.5 600.5 m 375.5 600.5 l 376.5 600.5 m 377.5 600.5 l 378.5 600.5 m 379.5 600.5 l 380.5 600.5 m 381.5 600.5 l 382.5 600.5 m 383.5 600.5 l 384.5 600.5 m 385.5 600.5 l 386.5 600.5 m 387.5 600.5 l 388.5 600.5 m 389.5 600.5 l 390.5 600.5 m 391.5 600.5 l 392.5 600.5 m 393.5 600.5 l 394.5 600.5 m 395.5 600.5 l 396.5 600.5 m 397.5 600.5 l 398.5 600.5 m 399.5 600.5 l 400.5 600.5 m 401.5 600.5 l 402.5 600.5 m 403.5 600.5 l 404.5 600.5 m 405.5 600.5 l 406.5 600.5 m 407.5 600.5 l 408.5 600.5 m 409.5 600.5 l 410.5 600.5 m 411.5 600.5 l 412.5 600.5 m 413.5 600.5 l 414.5 600.5 m 415.5 600.5 l 416.5 600.5 m 417.5 600.5 l 418.5 600.5 m 419.5 600.5 l 420.5 600.5 m 421.5 600.5 l 422.5 600.5 m 423.5 600.5 l 424.5 600.5 m 425.5 600.5 l 426.5 600.5 m 427.5 600.5 l 428.5 600.5 m 429.5 600.5 l 430.5 600.5 m 431.5 600.5 l 432.5 600.5 m 433.5 600.5 l 434.5 600.5 m 435.5 600.5 l 436.5 600.5 m 437.5 600.5 l 438.5 600.5 m 439.5 600.5 l 440.5 600.5 m 441.5 600.5 l 442.5 600.5 m 443.5 600.5 l 444.5 600.5 m 445.5 600.5 l 446.5 600.5 m 447.5 600.5 l 448.5 600.5 m 449.5 600.5 l 450.5 600.5 m 451.5 600.5 l 452.5 600.5 m 453.5 600.5 l 454.5 600.5 m 455.5 600.5 l 456.5 600.5 m 457.5 600.5 l 458.5 600.5 m 459.5 600.5 l 460.5 600.5 m 461.5 600.5 l 462.5 600.5 m 463.5 600.5 l 464.5 600.5 m 465.5 600.5 l 466.5 600.5 m 467.5 600.5 l 468.5 600.5 m 469.5 600.5 l 470.5 600.5 m 471.5 600.5 l 472.5 600.5 m 473.5 600.5 l 474.5 600.5 m 475.5 600.5 l 476.5 600.5 m 477.5 600.5 l 478.5 600.5 m 479.5 600.5 l 480.5 600.5 m 481.5 600.5 l 482.5 600.5 m 483.5 600.5 l 484.5 600.5 m 485.5 600.5 l 486.5 600.5 m 487.5 600.5 l 488.5 600.5 m 489.5 600.5 l 490.5 600.5 m 491.5 600.5 l 492.5 600.5 m 493.5 600.5 l 494.5 600.5 m 495.5 600.5 l 496.5 600.5 m 497.5 600.5 l 498.5 600.5 m 499.5 600.5 l 500.5 600.5 m 501.5 600.5 l 502.5 600.5 m 503.5 600.5 l 504.5 600.5 m 505.5 600.5 l 506.5 600.5 m 507.5 600.5 l 508.5 600.5 m 509.5 600.5 l 510.5 600.5 m 511.5 600.5 l 512.5 600.5 m 513.5 600.5 l 514.5 600.5 m 515.5 600.5 l 516.5 600.5 m 517.5 600.5 l 518.5 600.5 m 519.5 600.5 l 520.5 600.5 m 521.5 600.5 l 522.5 600.5 m 523.5 600.5 l 524.5 600.5 m 525.5 600.5 l 526.5 600.5 m 527.5 600.5 l 528.5 600.5 m 529.5 600.5 l 530.5 600.5 m 531.5 600.5 l 532.5 600.5 m 533.5 600.5 l 534.5 600.5 m 535.5 600.5 l 536.5 600.5 m 537.5 600.5 l 538.5 600.5 m 539.5 600.5 l 540.5 600.5 m 541.5 600.5 l 542.5 600.5 m 543.5 600.5 l 544.5 600.5 m 545.5 600.5 l 546.5 600.5 m 547.5 600.5 l 548.5 600.5 m 549.5 600.5 l 550.5 600.5 m 551.5 600.5 l 552.5 600.5 m 553.5 600.5 l 554.5 600.5 m 555.5 600.5 l 556.5 600.5 m 557.5 600.5 l 558.5 600.5 m 559.5 600.5 l 560.5 600.5 m 561.5 600.5 l 562.5 600.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 605.68 Td (Unsecured Revolving Credit Facility) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 584.20 Td (The master credit agreement we entered into on February 1, 2016 includes a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.85 584.20 Td ($1 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.85 584.20 Td ( unsecured revolving credit facility that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 573.40 Td (will expire on February 1, 2021. Under the master credit agreement we may, subject to certain customary conditions, on one ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 562.60 Td (or more occasions increase commitments under the revolving credit facility in an amount not to exceed ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 468.28 562.60 Td ($250 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.46 562.60 Td ( in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 551.80 Td (aggregate and may extend the maturity date up to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.45 551.80 Td (two) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 273.63 551.80 Td ( times. Advances under the revolving credit facility accrue interest at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 541.00 Td (rates that are equal to, at our election, either Bank of America's alternate base rate plus a margin that ranges from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.95 541.00 Td (0.0%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.95 541.00 Td ( to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 530.20 Td (0.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.01 530.20 Td ( or the London Interbank Offered Rate \(LIBOR\) plus a margin that ranges from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.39 530.20 Td (0.9%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.40 530.20 Td ( to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 420.91 530.20 Td (1.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.92 530.20 Td (. Actual margins under either ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 519.40 Td (election will be based on our senior debt credit ratings. The master credit agreement includes customary affirmative and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 508.60 Td (negative covenants, including financial covenants that require us to maintain a ratio of total debt to annual earnings before ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 497.80 Td (interest, taxes, depreciation and amortization \(EBITDA\) of not greater than ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.69 497.80 Td (3.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 371.21 497.80 Td ( to 1.00 as of any date and a ratio of annual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 487.00 Td (EBITDA to annual interest expense of not less than ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.64 487.00 Td (3.00) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 275.15 487.00 Td ( to 1.00 as of the last day of each fiscal quarter. We remained in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 476.20 Td (compliance with these covenants at all times during the fiscal year ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.29 476.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.66 476.20 Td (. During the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.35 476.20 Td (twelve) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.69 476.20 Td ( months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 465.40 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.37 465.40 Td ( we borrowed and repaid ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 208.10 465.40 Td ($800 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.28 465.40 Td ( under this revolving credit facility and at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.01 465.40 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.38 465.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.88 465.40 Td (no) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.23 465.40 Td ( amounts were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 454.60 Td (outstanding. We paid ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 139.44 454.60 Td ($5 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 178.61 454.60 Td ( for interest on the revolving credit facility during the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.10 454.60 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.47 454.60 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.48 454.60 Td ($1 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 443.80 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.66 443.80 Td ( during the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 213.56 443.80 Td (July31, 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 266.93 443.80 Td (, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.61 443.80 Td ($2 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.77 443.80 Td ( during the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.67 443.80 Td (July31, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.04 443.80 Td (.) Tj ET Q 50.5 408.3 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 408.3 l 52.5 408.3 m 53.5 408.3 l 54.5 408.3 m 55.5 408.3 l 56.5 408.3 m 57.5 408.3 l 58.5 408.3 m 59.5 408.3 l 60.5 408.3 m 61.5 408.3 l 62.5 408.3 m 63.5 408.3 l 64.5 408.3 m 65.5 408.3 l 66.5 408.3 m 67.5 408.3 l 68.5 408.3 m 69.5 408.3 l 70.5 408.3 m 71.5 408.3 l 72.5 408.3 m 73.5 408.3 l 74.5 408.3 m 75.5 408.3 l 76.5 408.3 m 77.5 408.3 l 78.5 408.3 m 79.5 408.3 l 80.5 408.3 m 81.5 408.3 l 82.5 408.3 m 83.5 408.3 l 84.5 408.3 m 85.5 408.3 l 86.5 408.3 m 87.5 408.3 l 88.5 408.3 m 89.5 408.3 l 90.5 408.3 m 91.5 408.3 l 92.5 408.3 m 93.5 408.3 l 94.5 408.3 m 95.5 408.3 l 96.5 408.3 m 97.5 408.3 l 98.5 408.3 m 99.5 408.3 l 100.5 408.3 m 101.5 408.3 l 102.5 408.3 m 103.5 408.3 l 104.5 408.3 m 105.5 408.3 l 106.5 408.3 m 107.5 408.3 l 108.5 408.3 m 109.5 408.3 l 110.5 408.3 m 111.5 408.3 l 112.5 408.3 m 113.5 408.3 l 114.5 408.3 m 115.5 408.3 l 116.5 408.3 m 117.5 408.3 l 118.5 408.3 m 119.5 408.3 l 120.5 408.3 m 121.5 408.3 l 122.5 408.3 m 123.5 408.3 l 124.5 408.3 m 125.5 408.3 l 126.5 408.3 m 127.5 408.3 l 128.5 408.3 m 129.5 408.3 l 130.5 408.3 m 131.5 408.3 l 132.5 408.3 m 133.5 408.3 l 134.5 408.3 m 135.5 408.3 l 136.5 408.3 m 137.5 408.3 l 138.5 408.3 m 139.5 408.3 l 140.5 408.3 m 141.5 408.3 l 142.5 408.3 m 143.5 408.3 l 144.5 408.3 m 145.5 408.3 l 146.5 408.3 m 147.5 408.3 l 148.5 408.3 m 149.5 408.3 l 150.5 408.3 m 151.5 408.3 l 152.5 408.3 m 153.5 408.3 l 154.5 408.3 m 155.5 408.3 l 156.5 408.3 m 157.5 408.3 l 158.5 408.3 m 159.5 408.3 l 160.5 408.3 m 161.5 408.3 l 162.5 408.3 m 163.5 408.3 l 164.5 408.3 m 165.5 408.3 l 166.5 408.3 m 167.5 408.3 l 168.5 408.3 m 169.5 408.3 l 170.5 408.3 m 171.5 408.3 l 172.5 408.3 m 173.5 408.3 l 174.5 408.3 m 175.5 408.3 l 176.5 408.3 m 177.5 408.3 l 178.5 408.3 m 179.5 408.3 l 180.5 408.3 m 181.5 408.3 l 182.5 408.3 m 183.5 408.3 l 184.5 408.3 m 185.5 408.3 l 186.5 408.3 m 187.5 408.3 l 188.5 408.3 m 189.5 408.3 l 190.5 408.3 m 191.5 408.3 l 192.5 408.3 m 193.5 408.3 l 194.5 408.3 m 195.5 408.3 l 196.5 408.3 m 197.5 408.3 l 198.5 408.3 m 199.5 408.3 l 200.5 408.3 m 201.5 408.3 l 202.5 408.3 m 203.5 408.3 l 204.5 408.3 m 205.5 408.3 l 206.5 408.3 m 207.5 408.3 l 208.5 408.3 m 209.5 408.3 l 210.5 408.3 m 211.5 408.3 l 212.5 408.3 m 213.5 408.3 l 214.5 408.3 m 215.5 408.3 l 216.5 408.3 m 217.5 408.3 l 218.5 408.3 m 219.5 408.3 l 220.5 408.3 m 221.5 408.3 l 222.5 408.3 m 223.5 408.3 l 224.5 408.3 m 225.5 408.3 l 226.5 408.3 m 227.5 408.3 l 228.5 408.3 m 229.5 408.3 l 230.5 408.3 m 231.5 408.3 l 232.5 408.3 m 233.5 408.3 l 234.5 408.3 m 235.5 408.3 l 236.5 408.3 m 237.5 408.3 l 238.5 408.3 m 239.5 408.3 l 240.5 408.3 m 241.5 408.3 l 242.5 408.3 m 243.5 408.3 l 244.5 408.3 m 245.5 408.3 l 246.5 408.3 m 247.5 408.3 l 248.5 408.3 m 249.5 408.3 l 250.5 408.3 m 251.5 408.3 l 252.5 408.3 m 253.5 408.3 l 254.5 408.3 m 255.5 408.3 l 256.5 408.3 m 257.5 408.3 l 258.5 408.3 m 259.5 408.3 l 260.5 408.3 m 261.5 408.3 l 262.5 408.3 m 263.5 408.3 l 264.5 408.3 m 265.5 408.3 l 266.5 408.3 m 267.5 408.3 l 268.5 408.3 m 269.5 408.3 l 270.5 408.3 m 271.5 408.3 l 272.5 408.3 m 273.5 408.3 l 274.5 408.3 m 275.5 408.3 l 276.5 408.3 m 277.5 408.3 l 278.5 408.3 m 279.5 408.3 l 280.5 408.3 m 281.5 408.3 l 282.5 408.3 m 283.5 408.3 l 284.5 408.3 m 285.5 408.3 l 286.5 408.3 m 287.5 408.3 l 288.5 408.3 m 289.5 408.3 l 290.5 408.3 m 291.5 408.3 l 292.5 408.3 m 293.5 408.3 l 294.5 408.3 m 295.5 408.3 l 296.5 408.3 m 297.5 408.3 l 298.5 408.3 m 299.5 408.3 l 300.5 408.3 m 301.5 408.3 l 302.5 408.3 m 303.5 408.3 l 304.5 408.3 m 305.5 408.3 l 306.5 408.3 m 307.5 408.3 l 308.5 408.3 m 309.5 408.3 l 310.5 408.3 m 311.5 408.3 l 312.5 408.3 m 313.5 408.3 l 314.5 408.3 m 315.5 408.3 l 316.5 408.3 m 317.5 408.3 l 318.5 408.3 m 319.5 408.3 l 320.5 408.3 m 321.5 408.3 l 322.5 408.3 m 323.5 408.3 l 324.5 408.3 m 325.5 408.3 l 326.5 408.3 m 327.5 408.3 l 328.5 408.3 m 329.5 408.3 l 330.5 408.3 m 331.5 408.3 l 332.5 408.3 m 333.5 408.3 l 334.5 408.3 m 335.5 408.3 l 336.5 408.3 m 337.5 408.3 l 338.5 408.3 m 339.5 408.3 l 340.5 408.3 m 341.5 408.3 l 342.5 408.3 m 343.5 408.3 l 344.5 408.3 m 345.5 408.3 l 346.5 408.3 m 347.5 408.3 l 348.5 408.3 m 349.5 408.3 l 350.5 408.3 m 351.5 408.3 l 352.5 408.3 m 353.5 408.3 l 354.5 408.3 m 355.5 408.3 l 356.5 408.3 m 357.5 408.3 l 358.5 408.3 m 359.5 408.3 l 360.5 408.3 m 361.5 408.3 l 362.5 408.3 m 363.5 408.3 l 364.5 408.3 m 365.5 408.3 l 366.5 408.3 m 367.5 408.3 l 368.5 408.3 m 369.5 408.3 l 370.5 408.3 m 371.5 408.3 l 372.5 408.3 m 373.5 408.3 l 374.5 408.3 m 375.5 408.3 l 376.5 408.3 m 377.5 408.3 l 378.5 408.3 m 379.5 408.3 l 380.5 408.3 m 381.5 408.3 l 382.5 408.3 m 383.5 408.3 l 384.5 408.3 m 385.5 408.3 l 386.5 408.3 m 387.5 408.3 l 388.5 408.3 m 389.5 408.3 l 390.5 408.3 m 391.5 408.3 l 392.5 408.3 m 393.5 408.3 l 394.5 408.3 m 395.5 408.3 l 396.5 408.3 m 397.5 408.3 l 398.5 408.3 m 399.5 408.3 l 400.5 408.3 m 401.5 408.3 l 402.5 408.3 m 403.5 408.3 l 404.5 408.3 m 405.5 408.3 l 406.5 408.3 m 407.5 408.3 l 408.5 408.3 m 409.5 408.3 l 410.5 408.3 m 411.5 408.3 l 412.5 408.3 m 413.5 408.3 l 414.5 408.3 m 415.5 408.3 l 416.5 408.3 m 417.5 408.3 l 418.5 408.3 m 419.5 408.3 l 420.5 408.3 m 421.5 408.3 l 422.5 408.3 m 423.5 408.3 l 424.5 408.3 m 425.5 408.3 l 426.5 408.3 m 427.5 408.3 l 428.5 408.3 m 429.5 408.3 l 430.5 408.3 m 431.5 408.3 l 432.5 408.3 m 433.5 408.3 l 434.5 408.3 m 435.5 408.3 l 436.5 408.3 m 437.5 408.3 l 438.5 408.3 m 439.5 408.3 l 440.5 408.3 m 441.5 408.3 l 442.5 408.3 m 443.5 408.3 l 444.5 408.3 m 445.5 408.3 l 446.5 408.3 m 447.5 408.3 l 448.5 408.3 m 449.5 408.3 l 450.5 408.3 m 451.5 408.3 l 452.5 408.3 m 453.5 408.3 l 454.5 408.3 m 455.5 408.3 l 456.5 408.3 m 457.5 408.3 l 458.5 408.3 m 459.5 408.3 l 460.5 408.3 m 461.5 408.3 l 462.5 408.3 m 463.5 408.3 l 464.5 408.3 m 465.5 408.3 l 466.5 408.3 m 467.5 408.3 l 468.5 408.3 m 469.5 408.3 l 470.5 408.3 m 471.5 408.3 l 472.5 408.3 m 473.5 408.3 l 474.5 408.3 m 475.5 408.3 l 476.5 408.3 m 477.5 408.3 l 478.5 408.3 m 479.5 408.3 l 480.5 408.3 m 481.5 408.3 l 482.5 408.3 m 483.5 408.3 l 484.5 408.3 m 485.5 408.3 l 486.5 408.3 m 487.5 408.3 l 488.5 408.3 m 489.5 408.3 l 490.5 408.3 m 491.5 408.3 l 492.5 408.3 m 493.5 408.3 l 494.5 408.3 m 495.5 408.3 l 496.5 408.3 m 497.5 408.3 l 498.5 408.3 m 499.5 408.3 l 500.5 408.3 m 501.5 408.3 l 502.5 408.3 m 503.5 408.3 l 504.5 408.3 m 505.5 408.3 l 506.5 408.3 m 507.5 408.3 l 508.5 408.3 m 509.5 408.3 l 510.5 408.3 m 511.5 408.3 l 512.5 408.3 m 513.5 408.3 l 514.5 408.3 m 515.5 408.3 l 516.5 408.3 m 517.5 408.3 l 518.5 408.3 m 519.5 408.3 l 520.5 408.3 m 521.5 408.3 l 522.5 408.3 m 523.5 408.3 l 524.5 408.3 m 525.5 408.3 l 526.5 408.3 m 527.5 408.3 l 528.5 408.3 m 529.5 408.3 l 530.5 408.3 m 531.5 408.3 l 532.5 408.3 m 533.5 408.3 l 534.5 408.3 m 535.5 408.3 l 536.5 408.3 m 537.5 408.3 l 538.5 408.3 m 539.5 408.3 l 540.5 408.3 m 541.5 408.3 l 542.5 408.3 m 543.5 408.3 l 544.5 408.3 m 545.5 408.3 l 546.5 408.3 m 547.5 408.3 l 548.5 408.3 m 549.5 408.3 l 550.5 408.3 m 551.5 408.3 l 552.5 408.3 m 553.5 408.3 l 554.5 408.3 m 555.5 408.3 l 556.5 408.3 m 557.5 408.3 l 558.5 408.3 m 559.5 408.3 l 560.5 408.3 m 561.5 408.3 l 562.5 408.3 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 413.48 Td (Other Current Liabilities) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 392.00 Td (Other current liabilities were as follows at the dates indicated:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 369.50 50.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 357.50 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 342.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 328.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 314.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 300.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 286.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 272.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 258.50 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 369.5 m 500.5 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 369.5 m 508.5 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 369.5 m 558.5 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 369.5 m 500.5 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 357.5 m 500.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 357.5 m 558.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 258.5 m 500.5 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 258.5 m 558.5 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 245.5 m 500.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 243.5 m 500.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 245.5 m 558.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 243.5 m 558.5 243.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 372.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.45 372.95 Td (July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 360.95 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 465.50 360.95 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 523.50 360.95 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 347.20 Td (Executive deferred compensation plan liabilities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 453.00 347.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 487.40 347.20 Td (97) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 511.00 347.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.40 347.20 Td (83) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 333.20 Td (Reserve for promotional discounts and rebates) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 487.40 333.20 Td (10) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 545.40 333.20 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 319.20 Td (Reserve for product returns) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 487.40 319.20 Td (10) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 550.40 319.20 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 305.20 Td (Current portion of license fee payable) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 492.40 305.20 Td (9) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 545.40 305.20 Td (10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 291.20 Td (Current portion of deferred rent) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 492.40 291.20 Td (6) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 550.40 291.20 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 277.20 Td (Current portion of dividend payable) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 487.40 277.20 Td (10) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 550.40 277.20 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 263.20 Td (Other) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 487.40 263.20 Td (49) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 545.40 263.20 Td (44) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 249.20 Td (Total other current liabilities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 453.00 249.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 482.40 249.20 Td (191) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 511.00 249.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.40 249.20 Td (178) Tj ET Q BT /F1 10.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 216.50 512.00 -18.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 198.5 m 562.5 198.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 204.17 Td (9. Long-Term Obligations and Commitments) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 50.5 163.5 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 163.5 l 52.5 163.5 m 53.5 163.5 l 54.5 163.5 m 55.5 163.5 l 56.5 163.5 m 57.5 163.5 l 58.5 163.5 m 59.5 163.5 l 60.5 163.5 m 61.5 163.5 l 62.5 163.5 m 63.5 163.5 l 64.5 163.5 m 65.5 163.5 l 66.5 163.5 m 67.5 163.5 l 68.5 163.5 m 69.5 163.5 l 70.5 163.5 m 71.5 163.5 l 72.5 163.5 m 73.5 163.5 l 74.5 163.5 m 75.5 163.5 l 76.5 163.5 m 77.5 163.5 l 78.5 163.5 m 79.5 163.5 l 80.5 163.5 m 81.5 163.5 l 82.5 163.5 m 83.5 163.5 l 84.5 163.5 m 85.5 163.5 l 86.5 163.5 m 87.5 163.5 l 88.5 163.5 m 89.5 163.5 l 90.5 163.5 m 91.5 163.5 l 92.5 163.5 m 93.5 163.5 l 94.5 163.5 m 95.5 163.5 l 96.5 163.5 m 97.5 163.5 l 98.5 163.5 m 99.5 163.5 l 100.5 163.5 m 101.5 163.5 l 102.5 163.5 m 103.5 163.5 l 104.5 163.5 m 105.5 163.5 l 106.5 163.5 m 107.5 163.5 l 108.5 163.5 m 109.5 163.5 l 110.5 163.5 m 111.5 163.5 l 112.5 163.5 m 113.5 163.5 l 114.5 163.5 m 115.5 163.5 l 116.5 163.5 m 117.5 163.5 l 118.5 163.5 m 119.5 163.5 l 120.5 163.5 m 121.5 163.5 l 122.5 163.5 m 123.5 163.5 l 124.5 163.5 m 125.5 163.5 l 126.5 163.5 m 127.5 163.5 l 128.5 163.5 m 129.5 163.5 l 130.5 163.5 m 131.5 163.5 l 132.5 163.5 m 133.5 163.5 l 134.5 163.5 m 135.5 163.5 l 136.5 163.5 m 137.5 163.5 l 138.5 163.5 m 139.5 163.5 l 140.5 163.5 m 141.5 163.5 l 142.5 163.5 m 143.5 163.5 l 144.5 163.5 m 145.5 163.5 l 146.5 163.5 m 147.5 163.5 l 148.5 163.5 m 149.5 163.5 l 150.5 163.5 m 151.5 163.5 l 152.5 163.5 m 153.5 163.5 l 154.5 163.5 m 155.5 163.5 l 156.5 163.5 m 157.5 163.5 l 158.5 163.5 m 159.5 163.5 l 160.5 163.5 m 161.5 163.5 l 162.5 163.5 m 163.5 163.5 l 164.5 163.5 m 165.5 163.5 l 166.5 163.5 m 167.5 163.5 l 168.5 163.5 m 169.5 163.5 l 170.5 163.5 m 171.5 163.5 l 172.5 163.5 m 173.5 163.5 l 174.5 163.5 m 175.5 163.5 l 176.5 163.5 m 177.5 163.5 l 178.5 163.5 m 179.5 163.5 l 180.5 163.5 m 181.5 163.5 l 182.5 163.5 m 183.5 163.5 l 184.5 163.5 m 185.5 163.5 l 186.5 163.5 m 187.5 163.5 l 188.5 163.5 m 189.5 163.5 l 190.5 163.5 m 191.5 163.5 l 192.5 163.5 m 193.5 163.5 l 194.5 163.5 m 195.5 163.5 l 196.5 163.5 m 197.5 163.5 l 198.5 163.5 m 199.5 163.5 l 200.5 163.5 m 201.5 163.5 l 202.5 163.5 m 203.5 163.5 l 204.5 163.5 m 205.5 163.5 l 206.5 163.5 m 207.5 163.5 l 208.5 163.5 m 209.5 163.5 l 210.5 163.5 m 211.5 163.5 l 212.5 163.5 m 213.5 163.5 l 214.5 163.5 m 215.5 163.5 l 216.5 163.5 m 217.5 163.5 l 218.5 163.5 m 219.5 163.5 l 220.5 163.5 m 221.5 163.5 l 222.5 163.5 m 223.5 163.5 l 224.5 163.5 m 225.5 163.5 l 226.5 163.5 m 227.5 163.5 l 228.5 163.5 m 229.5 163.5 l 230.5 163.5 m 231.5 163.5 l 232.5 163.5 m 233.5 163.5 l 234.5 163.5 m 235.5 163.5 l 236.5 163.5 m 237.5 163.5 l 238.5 163.5 m 239.5 163.5 l 240.5 163.5 m 241.5 163.5 l 242.5 163.5 m 243.5 163.5 l 244.5 163.5 m 245.5 163.5 l 246.5 163.5 m 247.5 163.5 l 248.5 163.5 m 249.5 163.5 l 250.5 163.5 m 251.5 163.5 l 252.5 163.5 m 253.5 163.5 l 254.5 163.5 m 255.5 163.5 l 256.5 163.5 m 257.5 163.5 l 258.5 163.5 m 259.5 163.5 l 260.5 163.5 m 261.5 163.5 l 262.5 163.5 m 263.5 163.5 l 264.5 163.5 m 265.5 163.5 l 266.5 163.5 m 267.5 163.5 l 268.5 163.5 m 269.5 163.5 l 270.5 163.5 m 271.5 163.5 l 272.5 163.5 m 273.5 163.5 l 274.5 163.5 m 275.5 163.5 l 276.5 163.5 m 277.5 163.5 l 278.5 163.5 m 279.5 163.5 l 280.5 163.5 m 281.5 163.5 l 282.5 163.5 m 283.5 163.5 l 284.5 163.5 m 285.5 163.5 l 286.5 163.5 m 287.5 163.5 l 288.5 163.5 m 289.5 163.5 l 290.5 163.5 m 291.5 163.5 l 292.5 163.5 m 293.5 163.5 l 294.5 163.5 m 295.5 163.5 l 296.5 163.5 m 297.5 163.5 l 298.5 163.5 m 299.5 163.5 l 300.5 163.5 m 301.5 163.5 l 302.5 163.5 m 303.5 163.5 l 304.5 163.5 m 305.5 163.5 l 306.5 163.5 m 307.5 163.5 l 308.5 163.5 m 309.5 163.5 l 310.5 163.5 m 311.5 163.5 l 312.5 163.5 m 313.5 163.5 l 314.5 163.5 m 315.5 163.5 l 316.5 163.5 m 317.5 163.5 l 318.5 163.5 m 319.5 163.5 l 320.5 163.5 m 321.5 163.5 l 322.5 163.5 m 323.5 163.5 l 324.5 163.5 m 325.5 163.5 l 326.5 163.5 m 327.5 163.5 l 328.5 163.5 m 329.5 163.5 l 330.5 163.5 m 331.5 163.5 l 332.5 163.5 m 333.5 163.5 l 334.5 163.5 m 335.5 163.5 l 336.5 163.5 m 337.5 163.5 l 338.5 163.5 m 339.5 163.5 l 340.5 163.5 m 341.5 163.5 l 342.5 163.5 m 343.5 163.5 l 344.5 163.5 m 345.5 163.5 l 346.5 163.5 m 347.5 163.5 l 348.5 163.5 m 349.5 163.5 l 350.5 163.5 m 351.5 163.5 l 352.5 163.5 m 353.5 163.5 l 354.5 163.5 m 355.5 163.5 l 356.5 163.5 m 357.5 163.5 l 358.5 163.5 m 359.5 163.5 l 360.5 163.5 m 361.5 163.5 l 362.5 163.5 m 363.5 163.5 l 364.5 163.5 m 365.5 163.5 l 366.5 163.5 m 367.5 163.5 l 368.5 163.5 m 369.5 163.5 l 370.5 163.5 m 371.5 163.5 l 372.5 163.5 m 373.5 163.5 l 374.5 163.5 m 375.5 163.5 l 376.5 163.5 m 377.5 163.5 l 378.5 163.5 m 379.5 163.5 l 380.5 163.5 m 381.5 163.5 l 382.5 163.5 m 383.5 163.5 l 384.5 163.5 m 385.5 163.5 l 386.5 163.5 m 387.5 163.5 l 388.5 163.5 m 389.5 163.5 l 390.5 163.5 m 391.5 163.5 l 392.5 163.5 m 393.5 163.5 l 394.5 163.5 m 395.5 163.5 l 396.5 163.5 m 397.5 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540.5 163.5 m 541.5 163.5 l 542.5 163.5 m 543.5 163.5 l 544.5 163.5 m 545.5 163.5 l 546.5 163.5 m 547.5 163.5 l 548.5 163.5 m 549.5 163.5 l 550.5 163.5 m 551.5 163.5 l 552.5 163.5 m 553.5 163.5 l 554.5 163.5 m 555.5 163.5 l 556.5 163.5 m 557.5 163.5 l 558.5 163.5 m 559.5 163.5 l 560.5 163.5 m 561.5 163.5 l 562.5 163.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 168.68 Td (Long-Term Debt) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 147.20 Td (On February 1, 2016 we entered into a master credit agreement with certain institutional lenders for a five-year credit facility ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 136.40 Td (in an aggregate principal amount of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 197.57 136.40 Td ($1.5 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.08 136.40 Td (, which includes a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 315.44 136.40 Td ($500 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 364.61 136.40 Td ( unsecured term loan. Under the master credit ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 125.60 Td (agreement we may, subject to certain customary conditions, on one or more occasions increase commitments under the term ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 114.80 Td (loan in an amount not to exceed ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 183.78 114.80 Td ($500 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 232.95 114.80 Td ( in the aggregate. The term loan accrues interest at rates that are equal to, at our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 104.00 Td (election, either Bank of America's alternate base rate plus a margin that ranges from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.19 104.00 Td (0.125%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.20 104.00 Td ( to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.72 104.00 Td (0.875%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.73 104.00 Td ( or LIBOR plus a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 93.20 Td (margin that ranges from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 150.06 93.20 Td (1.125%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 180.08 93.20 Td ( to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 193.59 93.20 Td (1.875%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.61 93.20 Td (. Actual margins under either election will be based on our senior debt credit ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 82.45 Td (ratings. The master credit agreement includes customary affirmative and negative covenants. See Note 8, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 482.91 82.45 Td (Current Liabilities ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 71.65 Td (Unsecured Revolving Credit Facility,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 200.23 71.65 Td ( for more information. The term loan is subject to quarterly principal payments of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.74 71.65 Td (2.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.75 71.65 Td ( of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 60.85 Td (the loan amount which began in July 2017, with the balance payable on February 1, 2021. At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.22 60.85 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.59 60.85 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.60 60.85 Td ($438 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.77 60.85 Td ( was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 50.05 Td (outstanding under the term loan, of which ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 222.77 50.05 Td ($50 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 266.94 50.05 Td ( was classified as short-term debt. The carrying value of the term loan ) Tj ET Q endstream endobj 153 0 obj <>] /Rotate 0 /Contents 154 0 R>> endobj 154 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (75 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (approximates its fair value. Interest on the term loan is payable monthly. We paid ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.07 742.20 Td ($13 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.25 742.20 Td ( for interest on the term loan ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 730.20 Td (during the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 184.40 730.20 Td (July31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.77 730.20 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.77 730.20 Td ($11 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 286.94 730.20 Td ( during the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.84 730.20 Td (July31, 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.20 730.20 Td (, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.88 730.20 Td ($4 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.05 730.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 719.40 Td (during the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 184.40 719.40 Td (July31, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.77 719.40 Td (.) 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683.9 m 119.5 683.9 l 120.5 683.9 m 121.5 683.9 l 122.5 683.9 m 123.5 683.9 l 124.5 683.9 m 125.5 683.9 l 126.5 683.9 m 127.5 683.9 l 128.5 683.9 m 129.5 683.9 l 130.5 683.9 m 131.5 683.9 l 132.5 683.9 m 133.5 683.9 l 134.5 683.9 m 135.5 683.9 l 136.5 683.9 m 137.5 683.9 l 138.5 683.9 m 139.5 683.9 l 140.5 683.9 m 141.5 683.9 l 142.5 683.9 m 143.5 683.9 l 144.5 683.9 m 145.5 683.9 l 146.5 683.9 m 147.5 683.9 l 148.5 683.9 m 149.5 683.9 l 150.5 683.9 m 151.5 683.9 l 152.5 683.9 m 153.5 683.9 l 154.5 683.9 m 155.5 683.9 l 156.5 683.9 m 157.5 683.9 l 158.5 683.9 m 159.5 683.9 l 160.5 683.9 m 161.5 683.9 l 162.5 683.9 m 163.5 683.9 l 164.5 683.9 m 165.5 683.9 l 166.5 683.9 m 167.5 683.9 l 168.5 683.9 m 169.5 683.9 l 170.5 683.9 m 171.5 683.9 l 172.5 683.9 m 173.5 683.9 l 174.5 683.9 m 175.5 683.9 l 176.5 683.9 m 177.5 683.9 l 178.5 683.9 m 179.5 683.9 l 180.5 683.9 m 181.5 683.9 l 182.5 683.9 m 183.5 683.9 l 184.5 683.9 m 185.5 683.9 l 186.5 683.9 m 187.5 683.9 l 188.5 683.9 m 189.5 683.9 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l 404.5 683.9 m 405.5 683.9 l 406.5 683.9 m 407.5 683.9 l 408.5 683.9 m 409.5 683.9 l 410.5 683.9 m 411.5 683.9 l 412.5 683.9 m 413.5 683.9 l 414.5 683.9 m 415.5 683.9 l 416.5 683.9 m 417.5 683.9 l 418.5 683.9 m 419.5 683.9 l 420.5 683.9 m 421.5 683.9 l 422.5 683.9 m 423.5 683.9 l 424.5 683.9 m 425.5 683.9 l 426.5 683.9 m 427.5 683.9 l 428.5 683.9 m 429.5 683.9 l 430.5 683.9 m 431.5 683.9 l 432.5 683.9 m 433.5 683.9 l 434.5 683.9 m 435.5 683.9 l 436.5 683.9 m 437.5 683.9 l 438.5 683.9 m 439.5 683.9 l 440.5 683.9 m 441.5 683.9 l 442.5 683.9 m 443.5 683.9 l 444.5 683.9 m 445.5 683.9 l 446.5 683.9 m 447.5 683.9 l 448.5 683.9 m 449.5 683.9 l 450.5 683.9 m 451.5 683.9 l 452.5 683.9 m 453.5 683.9 l 454.5 683.9 m 455.5 683.9 l 456.5 683.9 m 457.5 683.9 l 458.5 683.9 m 459.5 683.9 l 460.5 683.9 m 461.5 683.9 l 462.5 683.9 m 463.5 683.9 l 464.5 683.9 m 465.5 683.9 l 466.5 683.9 m 467.5 683.9 l 468.5 683.9 m 469.5 683.9 l 470.5 683.9 m 471.5 683.9 l 472.5 683.9 m 473.5 683.9 l 474.5 683.9 m 475.5 683.9 l 476.5 683.9 m 477.5 683.9 l 478.5 683.9 m 479.5 683.9 l 480.5 683.9 m 481.5 683.9 l 482.5 683.9 m 483.5 683.9 l 484.5 683.9 m 485.5 683.9 l 486.5 683.9 m 487.5 683.9 l 488.5 683.9 m 489.5 683.9 l 490.5 683.9 m 491.5 683.9 l 492.5 683.9 m 493.5 683.9 l 494.5 683.9 m 495.5 683.9 l 496.5 683.9 m 497.5 683.9 l 498.5 683.9 m 499.5 683.9 l 500.5 683.9 m 501.5 683.9 l 502.5 683.9 m 503.5 683.9 l 504.5 683.9 m 505.5 683.9 l 506.5 683.9 m 507.5 683.9 l 508.5 683.9 m 509.5 683.9 l 510.5 683.9 m 511.5 683.9 l 512.5 683.9 m 513.5 683.9 l 514.5 683.9 m 515.5 683.9 l 516.5 683.9 m 517.5 683.9 l 518.5 683.9 m 519.5 683.9 l 520.5 683.9 m 521.5 683.9 l 522.5 683.9 m 523.5 683.9 l 524.5 683.9 m 525.5 683.9 l 526.5 683.9 m 527.5 683.9 l 528.5 683.9 m 529.5 683.9 l 530.5 683.9 m 531.5 683.9 l 532.5 683.9 m 533.5 683.9 l 534.5 683.9 m 535.5 683.9 l 536.5 683.9 m 537.5 683.9 l 538.5 683.9 m 539.5 683.9 l 540.5 683.9 m 541.5 683.9 l 542.5 683.9 m 543.5 683.9 l 544.5 683.9 m 545.5 683.9 l 546.5 683.9 m 547.5 683.9 l 548.5 683.9 m 549.5 683.9 l 550.5 683.9 m 551.5 683.9 l 552.5 683.9 m 553.5 683.9 l 554.5 683.9 m 555.5 683.9 l 556.5 683.9 m 557.5 683.9 l 558.5 683.9 m 559.5 683.9 l 560.5 683.9 m 561.5 683.9 l 562.5 683.9 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 689.08 Td (Other Long-Term Obligations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 667.60 Td (Other long-term obligations were as follows at the dates indicated:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 645.10 50.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 633.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 619.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 605.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 591.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 577.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 563.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 549.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 535.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 521.10 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 645.1 m 500.5 645.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 645.1 m 508.5 645.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 645.1 m 558.5 645.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 633.1 m 500.5 633.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 645.1 m 558.5 645.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 633.1 m 558.5 633.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 633.1 m 500.5 633.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 633.1 m 558.5 633.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 549.1 m 500.5 549.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 549.1 m 558.5 549.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 521.1 m 500.5 521.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 521.1 m 558.5 521.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 508.1 m 500.5 508.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 506.1 m 500.5 506.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 508.1 m 558.5 508.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 506.1 m 558.5 506.1 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 648.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.45 648.55 Td (July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 636.55 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 465.50 636.55 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 523.50 636.55 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 623.80 Td (Long-term income tax liabilities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 453.00 623.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 487.40 623.80 Td (61) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 511.00 623.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.40 623.80 Td (53) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 609.80 Td (Total deferred rent) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 487.40 609.80 Td (47) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 545.40 609.80 Td (49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 595.80 Td (Total license fee payable) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 492.40 595.80 Td (9) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 545.40 595.80 Td (18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 581.80 Td (Total dividend payable) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 487.40 581.80 Td (14) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 545.40 581.80 Td (13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 567.80 Td (Long-term deferred income tax liabilities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 492.40 567.80 Td (7) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 550.40 567.80 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 553.80 Td (Other) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 487.40 553.80 Td (12) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 545.40 553.80 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 539.80 Td (Total long-term obligations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 482.40 539.80 Td (150) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 540.40 539.80 Td (156) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 525.80 Td (Less current portion \(included in other current liabilities\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 484.90 525.80 Td (\(27) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 497.45 525.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 542.90 525.80 Td (\(26) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.45 525.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 511.80 Td (Long-term obligations due after one year) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 453.00 511.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 482.40 511.80 Td (123) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 511.00 511.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.40 511.80 Td (130) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 487.80 Td (In May2009 we entered into an agreement to license certain technology for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.89 487.80 Td ($20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.90 487.80 Td (million in cash and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.25 487.80 Td ($100) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.27 487.80 Td (million payable over ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 477.00 Td (ten fiscal years. The total present value of the arrangement at inception was approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.87 477.00 Td ($89) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.88 477.00 Td (million. The total license fee ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 466.20 Td (payable in the table above includes imputed interest through the dates indicated.) Tj ET Q 50.5 430.7 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 430.7 l 52.5 430.7 m 53.5 430.7 l 54.5 430.7 m 55.5 430.7 l 56.5 430.7 m 57.5 430.7 l 58.5 430.7 m 59.5 430.7 l 60.5 430.7 m 61.5 430.7 l 62.5 430.7 m 63.5 430.7 l 64.5 430.7 m 65.5 430.7 l 66.5 430.7 m 67.5 430.7 l 68.5 430.7 m 69.5 430.7 l 70.5 430.7 m 71.5 430.7 l 72.5 430.7 m 73.5 430.7 l 74.5 430.7 m 75.5 430.7 l 76.5 430.7 m 77.5 430.7 l 78.5 430.7 m 79.5 430.7 l 80.5 430.7 m 81.5 430.7 l 82.5 430.7 m 83.5 430.7 l 84.5 430.7 m 85.5 430.7 l 86.5 430.7 m 87.5 430.7 l 88.5 430.7 m 89.5 430.7 l 90.5 430.7 m 91.5 430.7 l 92.5 430.7 m 93.5 430.7 l 94.5 430.7 m 95.5 430.7 l 96.5 430.7 m 97.5 430.7 l 98.5 430.7 m 99.5 430.7 l 100.5 430.7 m 101.5 430.7 l 102.5 430.7 m 103.5 430.7 l 104.5 430.7 m 105.5 430.7 l 106.5 430.7 m 107.5 430.7 l 108.5 430.7 m 109.5 430.7 l 110.5 430.7 m 111.5 430.7 l 112.5 430.7 m 113.5 430.7 l 114.5 430.7 m 115.5 430.7 l 116.5 430.7 m 117.5 430.7 l 118.5 430.7 m 119.5 430.7 l 120.5 430.7 m 121.5 430.7 l 122.5 430.7 m 123.5 430.7 l 124.5 430.7 m 125.5 430.7 l 126.5 430.7 m 127.5 430.7 l 128.5 430.7 m 129.5 430.7 l 130.5 430.7 m 131.5 430.7 l 132.5 430.7 m 133.5 430.7 l 134.5 430.7 m 135.5 430.7 l 136.5 430.7 m 137.5 430.7 l 138.5 430.7 m 139.5 430.7 l 140.5 430.7 m 141.5 430.7 l 142.5 430.7 m 143.5 430.7 l 144.5 430.7 m 145.5 430.7 l 146.5 430.7 m 147.5 430.7 l 148.5 430.7 m 149.5 430.7 l 150.5 430.7 m 151.5 430.7 l 152.5 430.7 m 153.5 430.7 l 154.5 430.7 m 155.5 430.7 l 156.5 430.7 m 157.5 430.7 l 158.5 430.7 m 159.5 430.7 l 160.5 430.7 m 161.5 430.7 l 162.5 430.7 m 163.5 430.7 l 164.5 430.7 m 165.5 430.7 l 166.5 430.7 m 167.5 430.7 l 168.5 430.7 m 169.5 430.7 l 170.5 430.7 m 171.5 430.7 l 172.5 430.7 m 173.5 430.7 l 174.5 430.7 m 175.5 430.7 l 176.5 430.7 m 177.5 430.7 l 178.5 430.7 m 179.5 430.7 l 180.5 430.7 m 181.5 430.7 l 182.5 430.7 m 183.5 430.7 l 184.5 430.7 m 185.5 430.7 l 186.5 430.7 m 187.5 430.7 l 188.5 430.7 m 189.5 430.7 l 190.5 430.7 m 191.5 430.7 l 192.5 430.7 m 193.5 430.7 l 194.5 430.7 m 195.5 430.7 l 196.5 430.7 m 197.5 430.7 l 198.5 430.7 m 199.5 430.7 l 200.5 430.7 m 201.5 430.7 l 202.5 430.7 m 203.5 430.7 l 204.5 430.7 m 205.5 430.7 l 206.5 430.7 m 207.5 430.7 l 208.5 430.7 m 209.5 430.7 l 210.5 430.7 m 211.5 430.7 l 212.5 430.7 m 213.5 430.7 l 214.5 430.7 m 215.5 430.7 l 216.5 430.7 m 217.5 430.7 l 218.5 430.7 m 219.5 430.7 l 220.5 430.7 m 221.5 430.7 l 222.5 430.7 m 223.5 430.7 l 224.5 430.7 m 225.5 430.7 l 226.5 430.7 m 227.5 430.7 l 228.5 430.7 m 229.5 430.7 l 230.5 430.7 m 231.5 430.7 l 232.5 430.7 m 233.5 430.7 l 234.5 430.7 m 235.5 430.7 l 236.5 430.7 m 237.5 430.7 l 238.5 430.7 m 239.5 430.7 l 240.5 430.7 m 241.5 430.7 l 242.5 430.7 m 243.5 430.7 l 244.5 430.7 m 245.5 430.7 l 246.5 430.7 m 247.5 430.7 l 248.5 430.7 m 249.5 430.7 l 250.5 430.7 m 251.5 430.7 l 252.5 430.7 m 253.5 430.7 l 254.5 430.7 m 255.5 430.7 l 256.5 430.7 m 257.5 430.7 l 258.5 430.7 m 259.5 430.7 l 260.5 430.7 m 261.5 430.7 l 262.5 430.7 m 263.5 430.7 l 264.5 430.7 m 265.5 430.7 l 266.5 430.7 m 267.5 430.7 l 268.5 430.7 m 269.5 430.7 l 270.5 430.7 m 271.5 430.7 l 272.5 430.7 m 273.5 430.7 l 274.5 430.7 m 275.5 430.7 l 276.5 430.7 m 277.5 430.7 l 278.5 430.7 m 279.5 430.7 l 280.5 430.7 m 281.5 430.7 l 282.5 430.7 m 283.5 430.7 l 284.5 430.7 m 285.5 430.7 l 286.5 430.7 m 287.5 430.7 l 288.5 430.7 m 289.5 430.7 l 290.5 430.7 m 291.5 430.7 l 292.5 430.7 m 293.5 430.7 l 294.5 430.7 m 295.5 430.7 l 296.5 430.7 m 297.5 430.7 l 298.5 430.7 m 299.5 430.7 l 300.5 430.7 m 301.5 430.7 l 302.5 430.7 m 303.5 430.7 l 304.5 430.7 m 305.5 430.7 l 306.5 430.7 m 307.5 430.7 l 308.5 430.7 m 309.5 430.7 l 310.5 430.7 m 311.5 430.7 l 312.5 430.7 m 313.5 430.7 l 314.5 430.7 m 315.5 430.7 l 316.5 430.7 m 317.5 430.7 l 318.5 430.7 m 319.5 430.7 l 320.5 430.7 m 321.5 430.7 l 322.5 430.7 m 323.5 430.7 l 324.5 430.7 m 325.5 430.7 l 326.5 430.7 m 327.5 430.7 l 328.5 430.7 m 329.5 430.7 l 330.5 430.7 m 331.5 430.7 l 332.5 430.7 m 333.5 430.7 l 334.5 430.7 m 335.5 430.7 l 336.5 430.7 m 337.5 430.7 l 338.5 430.7 m 339.5 430.7 l 340.5 430.7 m 341.5 430.7 l 342.5 430.7 m 343.5 430.7 l 344.5 430.7 m 345.5 430.7 l 346.5 430.7 m 347.5 430.7 l 348.5 430.7 m 349.5 430.7 l 350.5 430.7 m 351.5 430.7 l 352.5 430.7 m 353.5 430.7 l 354.5 430.7 m 355.5 430.7 l 356.5 430.7 m 357.5 430.7 l 358.5 430.7 m 359.5 430.7 l 360.5 430.7 m 361.5 430.7 l 362.5 430.7 m 363.5 430.7 l 364.5 430.7 m 365.5 430.7 l 366.5 430.7 m 367.5 430.7 l 368.5 430.7 m 369.5 430.7 l 370.5 430.7 m 371.5 430.7 l 372.5 430.7 m 373.5 430.7 l 374.5 430.7 m 375.5 430.7 l 376.5 430.7 m 377.5 430.7 l 378.5 430.7 m 379.5 430.7 l 380.5 430.7 m 381.5 430.7 l 382.5 430.7 m 383.5 430.7 l 384.5 430.7 m 385.5 430.7 l 386.5 430.7 m 387.5 430.7 l 388.5 430.7 m 389.5 430.7 l 390.5 430.7 m 391.5 430.7 l 392.5 430.7 m 393.5 430.7 l 394.5 430.7 m 395.5 430.7 l 396.5 430.7 m 397.5 430.7 l 398.5 430.7 m 399.5 430.7 l 400.5 430.7 m 401.5 430.7 l 402.5 430.7 m 403.5 430.7 l 404.5 430.7 m 405.5 430.7 l 406.5 430.7 m 407.5 430.7 l 408.5 430.7 m 409.5 430.7 l 410.5 430.7 m 411.5 430.7 l 412.5 430.7 m 413.5 430.7 l 414.5 430.7 m 415.5 430.7 l 416.5 430.7 m 417.5 430.7 l 418.5 430.7 m 419.5 430.7 l 420.5 430.7 m 421.5 430.7 l 422.5 430.7 m 423.5 430.7 l 424.5 430.7 m 425.5 430.7 l 426.5 430.7 m 427.5 430.7 l 428.5 430.7 m 429.5 430.7 l 430.5 430.7 m 431.5 430.7 l 432.5 430.7 m 433.5 430.7 l 434.5 430.7 m 435.5 430.7 l 436.5 430.7 m 437.5 430.7 l 438.5 430.7 m 439.5 430.7 l 440.5 430.7 m 441.5 430.7 l 442.5 430.7 m 443.5 430.7 l 444.5 430.7 m 445.5 430.7 l 446.5 430.7 m 447.5 430.7 l 448.5 430.7 m 449.5 430.7 l 450.5 430.7 m 451.5 430.7 l 452.5 430.7 m 453.5 430.7 l 454.5 430.7 m 455.5 430.7 l 456.5 430.7 m 457.5 430.7 l 458.5 430.7 m 459.5 430.7 l 460.5 430.7 m 461.5 430.7 l 462.5 430.7 m 463.5 430.7 l 464.5 430.7 m 465.5 430.7 l 466.5 430.7 m 467.5 430.7 l 468.5 430.7 m 469.5 430.7 l 470.5 430.7 m 471.5 430.7 l 472.5 430.7 m 473.5 430.7 l 474.5 430.7 m 475.5 430.7 l 476.5 430.7 m 477.5 430.7 l 478.5 430.7 m 479.5 430.7 l 480.5 430.7 m 481.5 430.7 l 482.5 430.7 m 483.5 430.7 l 484.5 430.7 m 485.5 430.7 l 486.5 430.7 m 487.5 430.7 l 488.5 430.7 m 489.5 430.7 l 490.5 430.7 m 491.5 430.7 l 492.5 430.7 m 493.5 430.7 l 494.5 430.7 m 495.5 430.7 l 496.5 430.7 m 497.5 430.7 l 498.5 430.7 m 499.5 430.7 l 500.5 430.7 m 501.5 430.7 l 502.5 430.7 m 503.5 430.7 l 504.5 430.7 m 505.5 430.7 l 506.5 430.7 m 507.5 430.7 l 508.5 430.7 m 509.5 430.7 l 510.5 430.7 m 511.5 430.7 l 512.5 430.7 m 513.5 430.7 l 514.5 430.7 m 515.5 430.7 l 516.5 430.7 m 517.5 430.7 l 518.5 430.7 m 519.5 430.7 l 520.5 430.7 m 521.5 430.7 l 522.5 430.7 m 523.5 430.7 l 524.5 430.7 m 525.5 430.7 l 526.5 430.7 m 527.5 430.7 l 528.5 430.7 m 529.5 430.7 l 530.5 430.7 m 531.5 430.7 l 532.5 430.7 m 533.5 430.7 l 534.5 430.7 m 535.5 430.7 l 536.5 430.7 m 537.5 430.7 l 538.5 430.7 m 539.5 430.7 l 540.5 430.7 m 541.5 430.7 l 542.5 430.7 m 543.5 430.7 l 544.5 430.7 m 545.5 430.7 l 546.5 430.7 m 547.5 430.7 l 548.5 430.7 m 549.5 430.7 l 550.5 430.7 m 551.5 430.7 l 552.5 430.7 m 553.5 430.7 l 554.5 430.7 m 555.5 430.7 l 556.5 430.7 m 557.5 430.7 l 558.5 430.7 m 559.5 430.7 l 560.5 430.7 m 561.5 430.7 l 562.5 430.7 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 435.88 Td (Operating Lease Commitments and Unconditional Purchase Obligations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 414.40 Td (We lease office facilities and equipment under non-cancellable operating lease arrangements. Our facilities leases generally ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 403.60 Td (provide for periodic rent increases and many contain escalation clauses and renewal options. The leases for our corporate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 392.80 Td (headquarters campus in Mountain View, California expire in 2024 and 2026, with options to extend the lease terms for an ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 382.00 Td (additional ten years at rates to be determined in accordance with the agreements.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 365.20 Td (In the ordinary course of business we enter into certain unconditional purchase obligations with our suppliers. These are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 354.40 Td (agreements to purchase products and services that are enforceable, legally binding, and specify terms that include fixed or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 343.60 Td (minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 332.80 Td (payments. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 316.00 Td (Annual minimum commitments under purchase obligations and operating leases at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.48 316.00 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.85 316.00 Td ( were as shown in the table ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 305.20 Td (below.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 257.70 237.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 287.50 257.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 347.50 257.70 25.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 372.50 257.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 432.50 257.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 437.50 257.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 497.50 257.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 502.50 257.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 243.70 237.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 287.50 243.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 347.50 243.70 25.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 372.50 243.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 432.50 243.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 437.50 243.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 497.50 243.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 502.50 243.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 229.70 237.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 287.50 229.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 347.50 229.70 25.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 372.50 229.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 432.50 229.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 437.50 229.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 497.50 229.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 502.50 229.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 215.70 237.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 287.50 215.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 347.50 215.70 25.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 372.50 215.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 432.50 215.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 437.50 215.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 497.50 215.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 502.50 215.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 201.70 237.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 287.50 201.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 347.50 201.70 25.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 372.50 201.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 432.50 201.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 437.50 201.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 497.50 201.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 502.50 201.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 187.70 237.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 287.50 187.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 347.50 187.70 25.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 372.50 187.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 432.50 187.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 437.50 187.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 497.50 187.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 502.50 187.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 173.70 237.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 287.50 173.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 347.50 173.70 25.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 372.50 173.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 432.50 173.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 437.50 173.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 497.50 173.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 502.50 173.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 159.70 237.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 287.50 159.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 347.50 159.70 25.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 372.50 159.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 432.50 159.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 437.50 159.70 60.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 497.50 159.70 5.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 502.50 159.70 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 257.70000000000005 m 347.5 257.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 257.70000000000005 m 432.5 257.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 257.70000000000005 m 497.5 257.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 257.70000000000005 m 562.5 257.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 159.70000000000005 m 347.5 159.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 159.70000000000005 m 432.5 159.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 159.70000000000005 m 497.5 159.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 159.70000000000005 m 347.5 159.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 146.70000000000005 m 347.5 146.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 144.70000000000005 m 347.5 144.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 159.70000000000005 m 432.5 159.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 146.70000000000005 m 432.5 146.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 144.70000000000005 m 432.5 144.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 159.70000000000005 m 497.5 159.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 146.70000000000005 m 497.5 146.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 144.70000000000005 m 497.5 144.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 159.70000000000005 m 562.5 159.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 146.70000000000005 m 562.5 146.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 144.70000000000005 m 562.5 144.70000000000005 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 262.15 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.30 270.15 Td (Purchase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.25 262.15 Td (Obligations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.70 278.15 Td (Operating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.40 270.15 Td (Lease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.85 262.15 Td (Commitments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.30 270.15 Td (Sublease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.40 262.15 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.95 286.15 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.70 278.15 Td (Operating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.40 270.15 Td (Lease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.85 262.15 Td (Commitments) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 248.40 Td (Fiscal year ending July31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 375.00 248.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 234.40 Td (2019) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 290.00 234.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 329.40 234.40 Td (175) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 375.00 234.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.40 234.40 Td (66) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 440.00 234.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 484.40 234.40 Td (24) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 505.00 234.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 549.40 234.40 Td (42) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 220.40 Td (2020) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 329.40 220.40 Td (121) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.40 220.40 Td (61) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 484.40 220.40 Td (22) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 549.40 220.40 Td (39) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 206.40 Td (2021) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 329.40 206.40 Td (125) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.40 206.40 Td (59) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 484.40 206.40 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 549.40 206.40 Td (40) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 192.40 Td (2022) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 334.40 192.40 Td (73) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.40 192.40 Td (51) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 489.40 192.40 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 549.40 192.40 Td (43) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 178.40 Td (2023) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 335.45 178.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.40 178.40 Td (49) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 485.45 178.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 549.40 178.40 Td (49) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 164.40 Td (Thereafter) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 335.45 164.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 414.40 164.40 Td (113) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 485.45 164.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 544.40 164.40 Td (113) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 150.40 Td (Total commitments) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 290.00 150.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 329.40 150.40 Td (494) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 375.00 150.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 414.40 150.40 Td (399) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 440.00 150.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 484.40 150.40 Td (73) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 505.00 150.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 544.40 150.40 Td (326) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 123.40 Td (Rent expense net of sublease income for continuing operations totaled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 339.68 123.40 Td ($38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.69 123.40 Td (million for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 505.77 123.40 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.14 123.40 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 112.60 Td ($34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 65.01 112.60 Td (million for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 216.09 112.60 Td (July31, 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 269.45 112.60 Td (, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.13 112.60 Td ($36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.15 112.60 Td (million for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.22 112.60 Td (July31, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.59 112.60 Td (. Rent ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 101.80 Td (expense includes base contractual rent and contractual variable expenses such as building maintenance, utilities, property ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 91.00 Td (taxes and insurance. Sublease income for continuing operations totaled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.51 91.00 Td ($23 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.68 91.00 Td ( for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.59 91.00 Td (July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 80.20 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 80.20 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.02 80.20 Td ($22 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.19 80.20 Td ( for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 241.10 80.20 Td (July31, 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.47 80.20 Td (, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.15 80.20 Td ($10 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 361.33 80.20 Td ( for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.24 80.20 Td (July31, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.61 80.20 Td (.) 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Tc 100 Tz 0 TL q 0 0 0 rg BT 495.40 583.40 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.90 583.40 Td (\(42) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 583.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 569.40 Td (State) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 434.90 569.40 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 442.45 569.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 495.40 569.40 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.90 569.40 Td (\(7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 569.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 555.40 Td (Foreign) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 433.45 555.40 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 495.40 555.40 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.90 555.40 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 555.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 65.00 541.40 Td (Total deferred) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 432.40 541.40 Td (43) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 495.40 541.40 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.90 541.40 Td (\(50) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 541.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 527.40 Td (Total provision for income taxes from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 527.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 527.40 Td (292) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 527.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.40 527.40 Td (396) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 527.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 527.40 Td (397) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 503.40 Td (We recognized excess tax benefits associated with share-based compensation of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.26 503.40 Td ($100) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.27 503.40 Td ( million in the provision for income taxes ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 492.60 Td (for the twelve months ended July 31, 2018, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.46 492.60 Td ($72) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.47 492.60 Td ( million in the provision for income taxes for the twelve months ended July ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 481.80 Td (31, 2017. Prior to our adoption of ASU 2016-09 in the first quarter of fiscal 2017, excess tax benefits associated with share-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 471.00 Td (based compensation deductions were credited to stockholders equity rather than current tax expense. The reduction of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 460.20 Td (income taxes payable resulting from share-based compensation deductions that were credited to stockholders equity was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 449.40 Td (approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 110.19 449.40 Td ($59) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 125.20 449.40 Td ( million for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 276.28 449.40 Td (July31, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 329.65 449.40 Td (. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 432.60 Td (The sources of income from continuing operations before the provision for income taxes consisted of the following for the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 421.80 Td (periods indicated:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 399.30 50.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 387.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 373.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 359.30 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 399.3 m 445.5 399.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 399.3 m 453.5 399.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 399.3 m 503.5 399.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 399.3 m 511.5 399.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 399.3 m 561.5 399.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 399.3 m 445.5 399.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 387.3 m 445.5 387.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 399.3 m 503.5 399.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 387.3 m 503.5 387.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 399.3 m 561.5 399.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 387.3 m 561.5 387.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 359.3 m 445.5 359.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 359.3 m 503.5 359.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 359.3 m 561.5 359.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 346.3 m 445.5 346.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 344.3 m 445.5 344.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 346.3 m 503.5 346.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 344.3 m 503.5 344.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 346.3 m 561.5 346.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 344.3 m 561.5 344.3 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 402.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.00 402.75 Td (Twelve Months Ended July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 390.75 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 410.50 390.75 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 468.50 390.75 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 390.75 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 378.00 Td (United States) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 378.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 378.00 Td (1,464) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 378.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.90 378.00 Td (1,362) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 378.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.90 378.00 Td (1,205) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 364.00 Td (Foreign) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 432.40 364.00 Td (39) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 495.40 364.00 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.90 364.00 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 364.00 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 350.00 Td (Total) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 350.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 350.00 Td (1,503) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 350.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.90 350.00 Td (1,367) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 350.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.90 350.00 Td (1,203) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 323.00 Td (Differences between income taxes calculated using the federal statutory income tax rate and the provision for income taxes ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 312.20 Td (from continuing operations were as follows for the periods indicated:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 289.70 50.00 -13.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 276.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 262.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 248.70 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 233.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 219.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 205.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 191.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 177.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 163.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 149.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 135.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 121.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 107.70 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 289.70000000000005 m 445.5 289.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 289.70000000000005 m 453.5 289.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 289.70000000000005 m 503.5 289.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 289.70000000000005 m 511.5 289.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 289.70000000000005 m 561.5 289.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 289.70000000000005 m 445.5 289.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 276.70000000000005 m 445.5 276.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 289.70000000000005 m 503.5 289.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 276.70000000000005 m 503.5 276.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 289.70000000000005 m 561.5 289.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 276.70000000000005 m 561.5 276.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 276.70000000000005 m 445.5 276.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 263.70000000000005 m 445.5 263.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 261.70000000000005 m 445.5 261.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 276.70000000000005 m 503.5 276.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 263.70000000000005 m 503.5 263.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 261.70000000000005 m 503.5 261.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 276.70000000000005 m 561.5 276.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 263.70000000000005 m 561.5 263.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 261.70000000000005 m 561.5 261.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 107.70000000000005 m 445.5 107.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 107.70000000000005 m 503.5 107.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 107.70000000000005 m 561.5 107.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 94.70000000000005 m 445.5 94.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 92.70000000000005 m 445.5 92.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 94.70000000000005 m 503.5 94.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 92.70000000000005 m 503.5 92.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 94.70000000000005 m 561.5 94.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 92.70000000000005 m 561.5 92.70000000000005 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 293.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.00 293.15 Td (Twelve Months Ended July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 281.15 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 410.50 281.15 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 468.50 281.15 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 281.15 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 267.40 Td (Income from continuing operations before income taxes) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 267.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 267.40 Td (1,503) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 267.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.90 267.40 Td (1,367) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 267.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.90 267.40 Td (1,203) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 238.40 Td (Statutory federal income tax) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 238.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 238.40 Td (404) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 238.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.40 238.40 Td (479) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 238.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 238.40 Td (421) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 224.40 Td (State income tax, net of federal benefit) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 432.40 224.40 Td (27) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 490.40 224.40 Td (24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 548.40 224.40 Td (17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 210.40 Td (Federal research and experimentation credits) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 429.90 210.40 Td (\(38) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 442.45 210.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 487.90 210.40 Td (\(24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.45 210.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.90 210.40 Td (\(33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 210.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 196.40 Td (Domestic production activities deduction) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 429.90 196.40 Td (\(28) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 442.45 196.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 487.90 196.40 Td (\(34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.45 196.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.90 196.40 Td (\(34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 196.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 182.40 Td (Share-based compensation) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 432.40 182.40 Td (11) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 490.40 182.40 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 548.40 182.40 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 168.40 Td (Federal excess tax benefits related to share-based compensation) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 429.90 168.40 Td (\(94) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 442.45 168.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 487.90 168.40 Td (\(69) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.45 168.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.45 168.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 154.40 Td (2017 Tax Act - Deferred tax re-measurement) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 432.40 154.40 Td (43) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 491.45 154.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.45 154.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 140.40 Td (Capital loss on subsidiary reorganization) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 429.90 140.40 Td (\(35) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 442.45 140.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 491.45 140.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.45 140.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 126.40 Td (Effects of non-U.S. operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 437.40 126.40 Td (1) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 495.40 126.40 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 548.40 126.40 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 112.40 Td (Other, net) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 437.40 112.40 Td (1) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 495.40 112.40 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.90 112.40 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 112.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 98.40 Td (Total provision for income taxes from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 98.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 98.40 Td (292) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 98.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.40 98.40 Td (396) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 98.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 98.40 Td (397) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 77.40 Td (The Tax Cuts and Jobs Act \(2017 Tax Act\) was enacted on December 22, 2017 and reduces the U.S. statutory federal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 66.60 Td (corporate tax rate from 35% to 21%. The effective date of the tax rate change was January 1, 2018. The change resulted in a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 55.80 Td (blended lower U.S. statutory federal rate of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 228.27 55.80 Td (26.9%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.28 55.80 Td ( for fiscal year 2018. As a result, we adjusted our annual effective tax rate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 45.00 Td (for the year ended July 31, 2018, as well as adjusted our U.S. net deferred tax asset balance at the lower rates.) Tj ET Q endstream endobj 157 0 obj <>] /Rotate 0 /Contents 158 0 R>> endobj 158 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (77 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (As of July 31, 2018, we have not completed our accounting for the tax effects of enactment of the 2017 Tax Act; however, we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (have made a reasonable estimate of the effects on our existing deferred tax balances. We recorded a provisional charge of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 55.00 720.60 Td (43 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.17 720.60 Td ( for fiscal year 2018, including a provisional charge reduction of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 351.99 720.60 Td ($1 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.16 720.60 Td ( during the fourth quarter related to the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 709.80 Td (re-measurement of certain deferred tax balances. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 693.00 Td (Additionally, we have made provisional estimates of the impact of the 2017 Tax Acts changes to our fiscal 2018 annual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 682.20 Td (effective tax rate for items such as meals and entertainment and executive deferred compensation deductions. We do not ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 671.40 Td (expect to have any material tax impact from the foreign tax provisions of the 2017 Tax Act.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 654.60 Td (On December 22, 2017 the SEC issued Staff Accounting Bulletin No. 118 \(SAB 118\), which provides guidance for companies ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 643.80 Td (that are not able to complete their accounting for the income tax effects of the Act in the period of enactment. The guidance ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 633.00 Td (allows us to record provisional amounts to the extent a reasonable estimate can be made and provides us with up to one year ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 622.20 Td (from enactment date to finalize accounting for the impacts of the 2017 Tax Act. Since the 2017 Tax Act was passed in Intuits ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 611.40 Td (second quarter, the deferred tax re-measurements and other items are considered provisional due to the forthcoming ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 600.60 Td (guidance and ongoing analysis of the final year-end data and tax positions. The analysis is expected to be completed within ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 589.80 Td (the 12-month measurement period in accordance with SAB 118.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 573.00 Td (During fiscal year 2018, we completed a reorganization which resulted in a taxable liquidation of a subsidiary. The transaction ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 562.20 Td (gave rise to a capital loss which is available for carryback to prior years to offset capital gain income previously recognized. As ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 551.40 Td (a result, we recognized a tax benefit of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 209.76 551.40 Td ($35 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.93 551.40 Td ( during the fourth quarter of fiscal 2018. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 534.60 Td (The state income tax line in the table above includes excess tax benefits related to share-based compensation of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.58 534.60 Td ($6 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.74 534.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 523.80 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.68 523.80 Td ($3 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 106.84 523.80 Td ( for the twelve months ended July 31, 2018 and 2017, respectively.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 507.00 Td (In December 2015 the Consolidated Appropriations Act, 2016 was signed into law, and includes a permanent reinstatement of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 496.20 Td (the federal research and experimentation credit that was retroactive to January 1, 2015. We recorded a discrete tax benefit of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 485.40 Td (approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 110.19 485.40 Td ($12 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 154.36 485.40 Td ( for the retroactive effect during the twelve months ended July 31 2016. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 468.60 Td (The U.S. deferred income taxes as of July 31, 2018 reflect the reduction in the U.S. statutory tax rate from 35% to 21% ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 457.80 Td (resulting from the 2017 Tax Act. Significant deferred tax assets and liabilities were as follows at the dates indicated:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 423.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 409.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 395.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 381.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 367.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 353.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 339.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 325.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 311.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 297.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 283.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 269.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 255.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 241.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 227.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 213.30 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 435.29999999999995 m 504.5 435.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 435.29999999999995 m 512.5 435.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 435.29999999999995 m 562.5 435.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 435.29999999999995 m 504.5 435.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 423.29999999999995 m 504.5 423.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 435.29999999999995 m 562.5 435.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 423.29999999999995 m 562.5 423.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 311.29999999999995 m 504.5 311.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 311.29999999999995 m 562.5 311.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 283.29999999999995 m 504.5 283.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 283.29999999999995 m 562.5 283.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 227.29999999999995 m 504.5 227.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 227.29999999999995 m 562.5 227.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 213.29999999999995 m 504.5 213.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 213.29999999999995 m 562.5 213.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 200.29999999999995 m 504.5 200.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 198.29999999999995 m 504.5 198.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 200.29999999999995 m 562.5 200.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 198.29999999999995 m 562.5 198.29999999999995 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 438.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.45 438.75 Td (July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 426.75 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 469.50 426.75 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 527.50 426.75 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 414.00 Td (Deferred tax assets:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 457.00 414.00 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 515.00 414.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 400.00 Td (Accruals and reserves not currently deductible) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 457.00 400.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 491.40 400.00 Td (12) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 515.00 400.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.40 400.00 Td (35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 386.00 Td (Deferred revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 491.40 386.00 Td (46) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 549.40 386.00 Td (74) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 372.00 Td (Deferred rent) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 496.40 372.00 Td (8) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 549.40 372.00 Td (13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 358.00 Td (Accrued and deferred compensation) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 491.40 358.00 Td (41) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 549.40 358.00 Td (62) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 344.00 Td (Loss and tax credit carryforwards) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 491.40 344.00 Td (97) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 549.40 344.00 Td (71) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 330.00 Td (Share-based compensation) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 491.40 330.00 Td (49) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 549.40 330.00 Td (70) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 316.00 Td (Other, net) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 496.40 316.00 Td (4) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 549.40 316.00 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 302.00 Td (Total gross deferred tax assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 486.40 302.00 Td (257) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 544.40 302.00 Td (339) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 288.00 Td ( Valuation allowance) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 488.90 288.00 Td (\(93) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 501.45 288.00 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 546.90 288.00 Td (\(64) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.45 288.00 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 274.00 Td ( Total deferred tax assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 486.40 274.00 Td (164) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 544.40 274.00 Td (275) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 260.00 Td (Deferred tax liabilities:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 457.00 260.00 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 515.00 260.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 246.00 Td (Intangible assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 491.40 246.00 Td (65) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 549.40 246.00 Td (93) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 232.00 Td (Property and equipment) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 491.40 232.00 Td (19) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 549.40 232.00 Td (57) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 218.00 Td (Total deferred tax liabilities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 491.40 218.00 Td (84) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 544.40 218.00 Td (150) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 204.00 Td (Net deferred tax assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 457.00 204.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 491.40 204.00 Td (80) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 515.00 204.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.40 204.00 Td (125) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 177.00 Td (The components of total net deferred tax assets, net of valuation allowances, as shown on our balance sheets were as follows ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 166.20 Td (at the dates indicated:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 453.50 143.70 50.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 453.50 131.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 453.50 117.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 453.50 103.70 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 143.70000000000005 m 503.5 143.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 143.70000000000005 m 511.5 143.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 143.70000000000005 m 561.5 143.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 143.70000000000005 m 503.5 143.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 131.70000000000005 m 503.5 131.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 143.70000000000005 m 561.5 143.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 131.70000000000005 m 561.5 131.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 131.70000000000005 m 503.5 131.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 131.70000000000005 m 561.5 131.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 103.70000000000005 m 503.5 103.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 103.70000000000005 m 561.5 103.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 90.70000000000005 m 503.5 90.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 88.70000000000005 m 503.5 88.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 90.70000000000005 m 561.5 90.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 88.70000000000005 m 561.5 88.70000000000005 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 147.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.45 147.15 Td (July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 135.15 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 468.50 135.15 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 526.50 135.15 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 122.40 Td (Long-term deferred income taxes) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 456.00 122.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 490.40 122.40 Td (87) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 514.00 122.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 122.40 Td (132) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 108.40 Td (Long-term deferred income taxes included in other long-term obligations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 492.90 108.40 Td (\(7) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 500.45 108.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 550.90 108.40 Td (\(7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 108.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 94.40 Td (Net deferred tax assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 456.00 94.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 490.40 94.40 Td (80) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 514.00 94.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 94.40 Td (125) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 69.40 Td (We have provided a valuation allowance related to state research and experimentation tax credit carryforwards, foreign loss ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 58.60 Td (carryforwards, and state operating and capital loss carryforwards that we believe are unlikely to be realized. Changes in the ) Tj ET Q endstream endobj 159 0 obj <>] /Rotate 0 /Contents 160 0 R>> endobj 160 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (78 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (valuation allowance during the twelve months ended July 31, 2018 and July 31, 2017 were primarily related to an increase in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (the valuation allowance for state research and experimentation tax credit and foreign loss carryforwards. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 714.60 Td (At July 31, 2016, the income tax expense associated with the net gain from discontinued operations consisted of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.94 714.60 Td ($179 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 557.12 714.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 703.80 Td (related to the sale of Demandforce, QuickBase, and Quicken, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.17 703.80 Td ($2 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.34 703.80 Td ( related to the increase of valuation allowance on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 693.00 Td (state capital loss carryforwards. See Note 7, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 234.12 693.00 Td (Discontinued Operations,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.67 693.00 Td ( for more information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 676.20 Td (At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.01 676.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.38 676.20 Td (, we had total federal net operating loss carryforwards of approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.55 676.20 Td ($16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.56 676.20 Td ( million that will start to expire in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 665.40 Td (fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.50 665.40 Td (2028) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 92.52 665.40 Td (. Utilization of the net operating losses is subject to annual limitation. The annual limitation may result in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 654.60 Td (expiration of net operating losses before utilization.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 637.80 Td (At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.01 637.80 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.38 637.80 Td (, we had total state net operating loss carryforwards of approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.05 637.80 Td ($93) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.07 637.80 Td (million for which we have recorded ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 627.00 Td (a deferred tax asset of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 143.23 627.00 Td ($6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 153.24 627.00 Td (million and a valuation allowance of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.98 627.00 Td ($5 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.15 627.00 Td (. The state net operating losses will start to expire in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 616.20 Td (fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.50 616.20 Td (2027) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 92.52 616.20 Td (. Utilization of the net operating losses is subject to annual limitation. The annual limitation may result in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 605.40 Td (expiration of net operating losses before utilization.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 588.60 Td (At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.01 588.60 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.38 588.60 Td (, we had Singapore operating loss carryforwards of approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.71 588.60 Td ($84 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.88 588.60 Td ( and Brazil operating loss ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 577.80 Td (carryforwards of approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 178.09 577.80 Td ($23 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 222.26 577.80 Td ( which have an indefinite carryforward period. We maintain a full valuation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 567.00 Td (allowance with respect to operating losses in these jurisdictions, as there is not sufficient evidence of future sources of taxable ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 556.20 Td (income required to utilize such carryforwards.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 539.40 Td (At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.01 539.40 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.38 539.40 Td (, we had California research and experimentation credit carryforwards of approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.08 539.40 Td ($100 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.26 539.40 Td (. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 528.60 Td (recorded a full valuation on the related deferred tax asset, as we believe it is more likely than not that these credits will not be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 517.80 Td (utilized.) Tj ET Q 50.5 482.3 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 482.3 l 52.5 482.3 m 53.5 482.3 l 54.5 482.3 m 55.5 482.3 l 56.5 482.3 m 57.5 482.3 l 58.5 482.3 m 59.5 482.3 l 60.5 482.3 m 61.5 482.3 l 62.5 482.3 m 63.5 482.3 l 64.5 482.3 m 65.5 482.3 l 66.5 482.3 m 67.5 482.3 l 68.5 482.3 m 69.5 482.3 l 70.5 482.3 m 71.5 482.3 l 72.5 482.3 m 73.5 482.3 l 74.5 482.3 m 75.5 482.3 l 76.5 482.3 m 77.5 482.3 l 78.5 482.3 m 79.5 482.3 l 80.5 482.3 m 81.5 482.3 l 82.5 482.3 m 83.5 482.3 l 84.5 482.3 m 85.5 482.3 l 86.5 482.3 m 87.5 482.3 l 88.5 482.3 m 89.5 482.3 l 90.5 482.3 m 91.5 482.3 l 92.5 482.3 m 93.5 482.3 l 94.5 482.3 m 95.5 482.3 l 96.5 482.3 m 97.5 482.3 l 98.5 482.3 m 99.5 482.3 l 100.5 482.3 m 101.5 482.3 l 102.5 482.3 m 103.5 482.3 l 104.5 482.3 m 105.5 482.3 l 106.5 482.3 m 107.5 482.3 l 108.5 482.3 m 109.5 482.3 l 110.5 482.3 m 111.5 482.3 l 112.5 482.3 m 113.5 482.3 l 114.5 482.3 m 115.5 482.3 l 116.5 482.3 m 117.5 482.3 l 118.5 482.3 m 119.5 482.3 l 120.5 482.3 m 121.5 482.3 l 122.5 482.3 m 123.5 482.3 l 124.5 482.3 m 125.5 482.3 l 126.5 482.3 m 127.5 482.3 l 128.5 482.3 m 129.5 482.3 l 130.5 482.3 m 131.5 482.3 l 132.5 482.3 m 133.5 482.3 l 134.5 482.3 m 135.5 482.3 l 136.5 482.3 m 137.5 482.3 l 138.5 482.3 m 139.5 482.3 l 140.5 482.3 m 141.5 482.3 l 142.5 482.3 m 143.5 482.3 l 144.5 482.3 m 145.5 482.3 l 146.5 482.3 m 147.5 482.3 l 148.5 482.3 m 149.5 482.3 l 150.5 482.3 m 151.5 482.3 l 152.5 482.3 m 153.5 482.3 l 154.5 482.3 m 155.5 482.3 l 156.5 482.3 m 157.5 482.3 l 158.5 482.3 m 159.5 482.3 l 160.5 482.3 m 161.5 482.3 l 162.5 482.3 m 163.5 482.3 l 164.5 482.3 m 165.5 482.3 l 166.5 482.3 m 167.5 482.3 l 168.5 482.3 m 169.5 482.3 l 170.5 482.3 m 171.5 482.3 l 172.5 482.3 m 173.5 482.3 l 174.5 482.3 m 175.5 482.3 l 176.5 482.3 m 177.5 482.3 l 178.5 482.3 m 179.5 482.3 l 180.5 482.3 m 181.5 482.3 l 182.5 482.3 m 183.5 482.3 l 184.5 482.3 m 185.5 482.3 l 186.5 482.3 m 187.5 482.3 l 188.5 482.3 m 189.5 482.3 l 190.5 482.3 m 191.5 482.3 l 192.5 482.3 m 193.5 482.3 l 194.5 482.3 m 195.5 482.3 l 196.5 482.3 m 197.5 482.3 l 198.5 482.3 m 199.5 482.3 l 200.5 482.3 m 201.5 482.3 l 202.5 482.3 m 203.5 482.3 l 204.5 482.3 m 205.5 482.3 l 206.5 482.3 m 207.5 482.3 l 208.5 482.3 m 209.5 482.3 l 210.5 482.3 m 211.5 482.3 l 212.5 482.3 m 213.5 482.3 l 214.5 482.3 m 215.5 482.3 l 216.5 482.3 m 217.5 482.3 l 218.5 482.3 m 219.5 482.3 l 220.5 482.3 m 221.5 482.3 l 222.5 482.3 m 223.5 482.3 l 224.5 482.3 m 225.5 482.3 l 226.5 482.3 m 227.5 482.3 l 228.5 482.3 m 229.5 482.3 l 230.5 482.3 m 231.5 482.3 l 232.5 482.3 m 233.5 482.3 l 234.5 482.3 m 235.5 482.3 l 236.5 482.3 m 237.5 482.3 l 238.5 482.3 m 239.5 482.3 l 240.5 482.3 m 241.5 482.3 l 242.5 482.3 m 243.5 482.3 l 244.5 482.3 m 245.5 482.3 l 246.5 482.3 m 247.5 482.3 l 248.5 482.3 m 249.5 482.3 l 250.5 482.3 m 251.5 482.3 l 252.5 482.3 m 253.5 482.3 l 254.5 482.3 m 255.5 482.3 l 256.5 482.3 m 257.5 482.3 l 258.5 482.3 m 259.5 482.3 l 260.5 482.3 m 261.5 482.3 l 262.5 482.3 m 263.5 482.3 l 264.5 482.3 m 265.5 482.3 l 266.5 482.3 m 267.5 482.3 l 268.5 482.3 m 269.5 482.3 l 270.5 482.3 m 271.5 482.3 l 272.5 482.3 m 273.5 482.3 l 274.5 482.3 m 275.5 482.3 l 276.5 482.3 m 277.5 482.3 l 278.5 482.3 m 279.5 482.3 l 280.5 482.3 m 281.5 482.3 l 282.5 482.3 m 283.5 482.3 l 284.5 482.3 m 285.5 482.3 l 286.5 482.3 m 287.5 482.3 l 288.5 482.3 m 289.5 482.3 l 290.5 482.3 m 291.5 482.3 l 292.5 482.3 m 293.5 482.3 l 294.5 482.3 m 295.5 482.3 l 296.5 482.3 m 297.5 482.3 l 298.5 482.3 m 299.5 482.3 l 300.5 482.3 m 301.5 482.3 l 302.5 482.3 m 303.5 482.3 l 304.5 482.3 m 305.5 482.3 l 306.5 482.3 m 307.5 482.3 l 308.5 482.3 m 309.5 482.3 l 310.5 482.3 m 311.5 482.3 l 312.5 482.3 m 313.5 482.3 l 314.5 482.3 m 315.5 482.3 l 316.5 482.3 m 317.5 482.3 l 318.5 482.3 m 319.5 482.3 l 320.5 482.3 m 321.5 482.3 l 322.5 482.3 m 323.5 482.3 l 324.5 482.3 m 325.5 482.3 l 326.5 482.3 m 327.5 482.3 l 328.5 482.3 m 329.5 482.3 l 330.5 482.3 m 331.5 482.3 l 332.5 482.3 m 333.5 482.3 l 334.5 482.3 m 335.5 482.3 l 336.5 482.3 m 337.5 482.3 l 338.5 482.3 m 339.5 482.3 l 340.5 482.3 m 341.5 482.3 l 342.5 482.3 m 343.5 482.3 l 344.5 482.3 m 345.5 482.3 l 346.5 482.3 m 347.5 482.3 l 348.5 482.3 m 349.5 482.3 l 350.5 482.3 m 351.5 482.3 l 352.5 482.3 m 353.5 482.3 l 354.5 482.3 m 355.5 482.3 l 356.5 482.3 m 357.5 482.3 l 358.5 482.3 m 359.5 482.3 l 360.5 482.3 m 361.5 482.3 l 362.5 482.3 m 363.5 482.3 l 364.5 482.3 m 365.5 482.3 l 366.5 482.3 m 367.5 482.3 l 368.5 482.3 m 369.5 482.3 l 370.5 482.3 m 371.5 482.3 l 372.5 482.3 m 373.5 482.3 l 374.5 482.3 m 375.5 482.3 l 376.5 482.3 m 377.5 482.3 l 378.5 482.3 m 379.5 482.3 l 380.5 482.3 m 381.5 482.3 l 382.5 482.3 m 383.5 482.3 l 384.5 482.3 m 385.5 482.3 l 386.5 482.3 m 387.5 482.3 l 388.5 482.3 m 389.5 482.3 l 390.5 482.3 m 391.5 482.3 l 392.5 482.3 m 393.5 482.3 l 394.5 482.3 m 395.5 482.3 l 396.5 482.3 m 397.5 482.3 l 398.5 482.3 m 399.5 482.3 l 400.5 482.3 m 401.5 482.3 l 402.5 482.3 m 403.5 482.3 l 404.5 482.3 m 405.5 482.3 l 406.5 482.3 m 407.5 482.3 l 408.5 482.3 m 409.5 482.3 l 410.5 482.3 m 411.5 482.3 l 412.5 482.3 m 413.5 482.3 l 414.5 482.3 m 415.5 482.3 l 416.5 482.3 m 417.5 482.3 l 418.5 482.3 m 419.5 482.3 l 420.5 482.3 m 421.5 482.3 l 422.5 482.3 m 423.5 482.3 l 424.5 482.3 m 425.5 482.3 l 426.5 482.3 m 427.5 482.3 l 428.5 482.3 m 429.5 482.3 l 430.5 482.3 m 431.5 482.3 l 432.5 482.3 m 433.5 482.3 l 434.5 482.3 m 435.5 482.3 l 436.5 482.3 m 437.5 482.3 l 438.5 482.3 m 439.5 482.3 l 440.5 482.3 m 441.5 482.3 l 442.5 482.3 m 443.5 482.3 l 444.5 482.3 m 445.5 482.3 l 446.5 482.3 m 447.5 482.3 l 448.5 482.3 m 449.5 482.3 l 450.5 482.3 m 451.5 482.3 l 452.5 482.3 m 453.5 482.3 l 454.5 482.3 m 455.5 482.3 l 456.5 482.3 m 457.5 482.3 l 458.5 482.3 m 459.5 482.3 l 460.5 482.3 m 461.5 482.3 l 462.5 482.3 m 463.5 482.3 l 464.5 482.3 m 465.5 482.3 l 466.5 482.3 m 467.5 482.3 l 468.5 482.3 m 469.5 482.3 l 470.5 482.3 m 471.5 482.3 l 472.5 482.3 m 473.5 482.3 l 474.5 482.3 m 475.5 482.3 l 476.5 482.3 m 477.5 482.3 l 478.5 482.3 m 479.5 482.3 l 480.5 482.3 m 481.5 482.3 l 482.5 482.3 m 483.5 482.3 l 484.5 482.3 m 485.5 482.3 l 486.5 482.3 m 487.5 482.3 l 488.5 482.3 m 489.5 482.3 l 490.5 482.3 m 491.5 482.3 l 492.5 482.3 m 493.5 482.3 l 494.5 482.3 m 495.5 482.3 l 496.5 482.3 m 497.5 482.3 l 498.5 482.3 m 499.5 482.3 l 500.5 482.3 m 501.5 482.3 l 502.5 482.3 m 503.5 482.3 l 504.5 482.3 m 505.5 482.3 l 506.5 482.3 m 507.5 482.3 l 508.5 482.3 m 509.5 482.3 l 510.5 482.3 m 511.5 482.3 l 512.5 482.3 m 513.5 482.3 l 514.5 482.3 m 515.5 482.3 l 516.5 482.3 m 517.5 482.3 l 518.5 482.3 m 519.5 482.3 l 520.5 482.3 m 521.5 482.3 l 522.5 482.3 m 523.5 482.3 l 524.5 482.3 m 525.5 482.3 l 526.5 482.3 m 527.5 482.3 l 528.5 482.3 m 529.5 482.3 l 530.5 482.3 m 531.5 482.3 l 532.5 482.3 m 533.5 482.3 l 534.5 482.3 m 535.5 482.3 l 536.5 482.3 m 537.5 482.3 l 538.5 482.3 m 539.5 482.3 l 540.5 482.3 m 541.5 482.3 l 542.5 482.3 m 543.5 482.3 l 544.5 482.3 m 545.5 482.3 l 546.5 482.3 m 547.5 482.3 l 548.5 482.3 m 549.5 482.3 l 550.5 482.3 m 551.5 482.3 l 552.5 482.3 m 553.5 482.3 l 554.5 482.3 m 555.5 482.3 l 556.5 482.3 m 557.5 482.3 l 558.5 482.3 m 559.5 482.3 l 560.5 482.3 m 561.5 482.3 l 562.5 482.3 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 487.48 Td (Unrecognized Tax Benefits) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 466.00 Td (The aggregate changes in the balance of our gross unrecognized tax benefits were as follows for the periods indicated:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 443.50 50.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 431.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 417.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 403.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 389.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 375.50 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 361.50 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 443.5 m 445.5 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 443.5 m 453.5 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 443.5 m 503.5 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 443.5 m 511.5 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 443.5 m 561.5 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 443.5 m 445.5 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 431.5 m 445.5 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 443.5 m 503.5 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 431.5 m 503.5 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 443.5 m 561.5 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 431.5 m 561.5 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 361.5 m 445.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 361.5 m 503.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 361.5 m 561.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 347.5 m 445.5 347.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 345.5 m 445.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 347.5 m 503.5 347.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 345.5 m 503.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 347.5 m 561.5 347.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 345.5 m 561.5 345.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 446.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.00 446.95 Td (Twelve Months Ended July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 434.95 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 410.50 434.95 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 468.50 434.95 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 434.95 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 422.20 Td (Gross unrecognized tax benefits, beginning balance) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 422.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 432.40 422.20 Td (61) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 422.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.40 422.20 Td (60) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 422.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 548.40 422.20 Td (56) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 408.20 Td (Increases related to tax positions from prior fiscal years, including acquisitions) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 432.40 408.20 Td (10) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 495.40 408.20 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.40 408.20 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 394.20 Td (Decreases related to tax positions from prior fiscal years) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 434.90 394.20 Td (\(3) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 442.45 394.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 492.90 394.20 Td (\(8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.45 394.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.90 394.20 Td (\(7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 394.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 380.20 Td (Increases related to tax positions taken during current fiscal year) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 432.40 380.20 Td (23) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 495.40 380.20 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 548.40 380.20 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 366.20 Td (Settlements with tax authorities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 434.90 366.20 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 442.45 366.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 492.90 366.20 Td (\(8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.45 366.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.90 366.20 Td (\(11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 366.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 351.20 Td (Gross unrecognized tax benefits, ending balance) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 351.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 432.40 351.20 Td (90) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 351.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.40 351.20 Td (61) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 351.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 548.40 351.20 Td (60) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 324.20 Td (The total amount of our unrecognized tax benefits at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 266.31 324.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.68 324.20 Td ( was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 339.86 324.20 Td ($90) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.87 324.20 Td (million. Net of related deferred tax assets, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 313.40 Td (unrecognized tax benefits were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 179.40 313.40 Td ($57) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 194.41 313.40 Td (million at that date. If we were to recognize these net benefits, our income tax expense ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 302.60 Td (would reflect a favorable net impact of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 208.93 302.60 Td ($57) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.94 302.60 Td ( million. We do not believe that it is reasonably possible that there will be a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 291.80 Td (significant increase or decrease in unrecognized tax benefits over the next 12months.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 275.00 Td (We file U.S. federal, U.S. state, and foreign tax returns. Our major tax jurisdictions are U.S. federal and the State of California. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 264.20 Td (For U.S. federal tax returns we are no longer subject to tax examinations for years prior to fiscal 2013. For California tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 253.40 Td (returns we are currently under tax examinations for fiscal 2013 to fiscal 2015. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 236.60 Td (We recognize interest and penalties related to unrecognized tax benefits within the provision for income taxes. Amounts ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 225.80 Td (accrued at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.86 225.80 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 148.23 225.80 Td ( and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 168.41 225.80 Td (July31, 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 221.78 225.80 Td ( for the payment of interest and penalties were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.06 225.80 Td (not) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.58 225.80 Td ( significant. The amounts of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 215.00 Td (interest and penalties that we recognized during the twelve months ended July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.33 215.00 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.34 215.00 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.35 215.00 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.36 215.00 Td ( and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.54 215.00 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.55 215.00 Td ( were also ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.75 215.00 Td (not) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.27 215.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 204.20 Td (significant.) Tj ET Q endstream endobj 161 0 obj <>] /Rotate 0 /Contents 162 0 R>> endobj 162 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (79 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 748.50 512.00 -18.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 730.5 m 562.5 730.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 736.17 Td (11. 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541.5 698.5 l 542.5 698.5 m 543.5 698.5 l 544.5 698.5 m 545.5 698.5 l 546.5 698.5 m 547.5 698.5 l 548.5 698.5 m 549.5 698.5 l 550.5 698.5 m 551.5 698.5 l 552.5 698.5 m 553.5 698.5 l 554.5 698.5 m 555.5 698.5 l 556.5 698.5 m 557.5 698.5 l 558.5 698.5 m 559.5 698.5 l 560.5 698.5 m 561.5 698.5 l 562.5 698.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 703.68 Td (Stock Repurchase Programs) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 682.20 Td (Intuits Board of Directors has authorized a series of common stock repurchase programs. Shares of common stock ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 671.40 Td (repurchased under these programs become treasury shares. Under these programs, we repurchased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.94 671.40 Td (1.9 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.61 671.40 Td ( shares of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 660.65 Td (common stock for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 125.41 660.65 Td ($272 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 174.59 660.65 Td ( during the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 311.49 660.65 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 364.85 660.65 Td (. At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.86 660.65 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.23 660.65 Td (, we had authorization from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 649.80 Td (our Board of Directors to expend up to an additional ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 265.66 649.80 Td ($1.2 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 310.16 649.80 Td ( for stock repurchases. On ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.42 649.80 Td (August 21, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.80 649.80 Td (, our Board ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 639.00 Td (approved a new stock repurchase program under which we are authorized to repurchase up to an additional ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.30 639.00 Td ($2 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.29 639.00 Td ( of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 628.20 Td (common stock, bringing the total authorization to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.63 628.20 Td ($3.2 billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 298.14 628.20 Td (. Future stock repurchases under the current program are at the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 617.40 Td (discretion of management, and authorization of future stock repurchase programs is subject to the final determination of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 606.60 Td (Board of Directors.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 589.80 Td (Our treasury shares are repurchased at the market price on the trade date; accordingly, all amounts paid to reacquire these ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 579.00 Td (shares have been recorded as treasury stock on our balance sheets. Repurchased shares of our common stock are held as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 568.20 Td (treasury shares until they are reissued or retired. When we reissue treasury stock, if the proceeds from the sale are more than ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 557.40 Td (the average price we paid to acquire the shares we record an increase in additional paid-in capital. Conversely, if the proceeds ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 546.60 Td (from the sale are less than the average price we paid to acquire the shares, we record a decrease in additional paid-in capital ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 535.80 Td (to the extent of increases previously recorded for similar transactions and a decrease in retained earnings for any remaining ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 525.00 Td (amount.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 508.20 Td (In the past we have satisfied option exercises and restricted stock unit vesting under our employee equity incentive plans by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 497.40 Td (reissuing treasury shares, and we may do so again in the future. During the second quarter of fiscal 2014 we began issuing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 486.60 Td (new shares of common stock to satisfy option exercises and RSU vesting under our 2005 Equity Incentive Plan. We have not ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 475.80 Td (yet determined the ultimate disposition of the shares that we have repurchased in the past, and consequently we continue to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 465.00 Td (hold them as treasury shares.) 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429.5 m 119.5 429.5 l 120.5 429.5 m 121.5 429.5 l 122.5 429.5 m 123.5 429.5 l 124.5 429.5 m 125.5 429.5 l 126.5 429.5 m 127.5 429.5 l 128.5 429.5 m 129.5 429.5 l 130.5 429.5 m 131.5 429.5 l 132.5 429.5 m 133.5 429.5 l 134.5 429.5 m 135.5 429.5 l 136.5 429.5 m 137.5 429.5 l 138.5 429.5 m 139.5 429.5 l 140.5 429.5 m 141.5 429.5 l 142.5 429.5 m 143.5 429.5 l 144.5 429.5 m 145.5 429.5 l 146.5 429.5 m 147.5 429.5 l 148.5 429.5 m 149.5 429.5 l 150.5 429.5 m 151.5 429.5 l 152.5 429.5 m 153.5 429.5 l 154.5 429.5 m 155.5 429.5 l 156.5 429.5 m 157.5 429.5 l 158.5 429.5 m 159.5 429.5 l 160.5 429.5 m 161.5 429.5 l 162.5 429.5 m 163.5 429.5 l 164.5 429.5 m 165.5 429.5 l 166.5 429.5 m 167.5 429.5 l 168.5 429.5 m 169.5 429.5 l 170.5 429.5 m 171.5 429.5 l 172.5 429.5 m 173.5 429.5 l 174.5 429.5 m 175.5 429.5 l 176.5 429.5 m 177.5 429.5 l 178.5 429.5 m 179.5 429.5 l 180.5 429.5 m 181.5 429.5 l 182.5 429.5 m 183.5 429.5 l 184.5 429.5 m 185.5 429.5 l 186.5 429.5 m 187.5 429.5 l 188.5 429.5 m 189.5 429.5 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261.5 429.5 l 262.5 429.5 m 263.5 429.5 l 264.5 429.5 m 265.5 429.5 l 266.5 429.5 m 267.5 429.5 l 268.5 429.5 m 269.5 429.5 l 270.5 429.5 m 271.5 429.5 l 272.5 429.5 m 273.5 429.5 l 274.5 429.5 m 275.5 429.5 l 276.5 429.5 m 277.5 429.5 l 278.5 429.5 m 279.5 429.5 l 280.5 429.5 m 281.5 429.5 l 282.5 429.5 m 283.5 429.5 l 284.5 429.5 m 285.5 429.5 l 286.5 429.5 m 287.5 429.5 l 288.5 429.5 m 289.5 429.5 l 290.5 429.5 m 291.5 429.5 l 292.5 429.5 m 293.5 429.5 l 294.5 429.5 m 295.5 429.5 l 296.5 429.5 m 297.5 429.5 l 298.5 429.5 m 299.5 429.5 l 300.5 429.5 m 301.5 429.5 l 302.5 429.5 m 303.5 429.5 l 304.5 429.5 m 305.5 429.5 l 306.5 429.5 m 307.5 429.5 l 308.5 429.5 m 309.5 429.5 l 310.5 429.5 m 311.5 429.5 l 312.5 429.5 m 313.5 429.5 l 314.5 429.5 m 315.5 429.5 l 316.5 429.5 m 317.5 429.5 l 318.5 429.5 m 319.5 429.5 l 320.5 429.5 m 321.5 429.5 l 322.5 429.5 m 323.5 429.5 l 324.5 429.5 m 325.5 429.5 l 326.5 429.5 m 327.5 429.5 l 328.5 429.5 m 329.5 429.5 l 330.5 429.5 m 331.5 429.5 l 332.5 429.5 m 333.5 429.5 l 334.5 429.5 m 335.5 429.5 l 336.5 429.5 m 337.5 429.5 l 338.5 429.5 m 339.5 429.5 l 340.5 429.5 m 341.5 429.5 l 342.5 429.5 m 343.5 429.5 l 344.5 429.5 m 345.5 429.5 l 346.5 429.5 m 347.5 429.5 l 348.5 429.5 m 349.5 429.5 l 350.5 429.5 m 351.5 429.5 l 352.5 429.5 m 353.5 429.5 l 354.5 429.5 m 355.5 429.5 l 356.5 429.5 m 357.5 429.5 l 358.5 429.5 m 359.5 429.5 l 360.5 429.5 m 361.5 429.5 l 362.5 429.5 m 363.5 429.5 l 364.5 429.5 m 365.5 429.5 l 366.5 429.5 m 367.5 429.5 l 368.5 429.5 m 369.5 429.5 l 370.5 429.5 m 371.5 429.5 l 372.5 429.5 m 373.5 429.5 l 374.5 429.5 m 375.5 429.5 l 376.5 429.5 m 377.5 429.5 l 378.5 429.5 m 379.5 429.5 l 380.5 429.5 m 381.5 429.5 l 382.5 429.5 m 383.5 429.5 l 384.5 429.5 m 385.5 429.5 l 386.5 429.5 m 387.5 429.5 l 388.5 429.5 m 389.5 429.5 l 390.5 429.5 m 391.5 429.5 l 392.5 429.5 m 393.5 429.5 l 394.5 429.5 m 395.5 429.5 l 396.5 429.5 m 397.5 429.5 l 398.5 429.5 m 399.5 429.5 l 400.5 429.5 m 401.5 429.5 l 402.5 429.5 m 403.5 429.5 l 404.5 429.5 m 405.5 429.5 l 406.5 429.5 m 407.5 429.5 l 408.5 429.5 m 409.5 429.5 l 410.5 429.5 m 411.5 429.5 l 412.5 429.5 m 413.5 429.5 l 414.5 429.5 m 415.5 429.5 l 416.5 429.5 m 417.5 429.5 l 418.5 429.5 m 419.5 429.5 l 420.5 429.5 m 421.5 429.5 l 422.5 429.5 m 423.5 429.5 l 424.5 429.5 m 425.5 429.5 l 426.5 429.5 m 427.5 429.5 l 428.5 429.5 m 429.5 429.5 l 430.5 429.5 m 431.5 429.5 l 432.5 429.5 m 433.5 429.5 l 434.5 429.5 m 435.5 429.5 l 436.5 429.5 m 437.5 429.5 l 438.5 429.5 m 439.5 429.5 l 440.5 429.5 m 441.5 429.5 l 442.5 429.5 m 443.5 429.5 l 444.5 429.5 m 445.5 429.5 l 446.5 429.5 m 447.5 429.5 l 448.5 429.5 m 449.5 429.5 l 450.5 429.5 m 451.5 429.5 l 452.5 429.5 m 453.5 429.5 l 454.5 429.5 m 455.5 429.5 l 456.5 429.5 m 457.5 429.5 l 458.5 429.5 m 459.5 429.5 l 460.5 429.5 m 461.5 429.5 l 462.5 429.5 m 463.5 429.5 l 464.5 429.5 m 465.5 429.5 l 466.5 429.5 m 467.5 429.5 l 468.5 429.5 m 469.5 429.5 l 470.5 429.5 m 471.5 429.5 l 472.5 429.5 m 473.5 429.5 l 474.5 429.5 m 475.5 429.5 l 476.5 429.5 m 477.5 429.5 l 478.5 429.5 m 479.5 429.5 l 480.5 429.5 m 481.5 429.5 l 482.5 429.5 m 483.5 429.5 l 484.5 429.5 m 485.5 429.5 l 486.5 429.5 m 487.5 429.5 l 488.5 429.5 m 489.5 429.5 l 490.5 429.5 m 491.5 429.5 l 492.5 429.5 m 493.5 429.5 l 494.5 429.5 m 495.5 429.5 l 496.5 429.5 m 497.5 429.5 l 498.5 429.5 m 499.5 429.5 l 500.5 429.5 m 501.5 429.5 l 502.5 429.5 m 503.5 429.5 l 504.5 429.5 m 505.5 429.5 l 506.5 429.5 m 507.5 429.5 l 508.5 429.5 m 509.5 429.5 l 510.5 429.5 m 511.5 429.5 l 512.5 429.5 m 513.5 429.5 l 514.5 429.5 m 515.5 429.5 l 516.5 429.5 m 517.5 429.5 l 518.5 429.5 m 519.5 429.5 l 520.5 429.5 m 521.5 429.5 l 522.5 429.5 m 523.5 429.5 l 524.5 429.5 m 525.5 429.5 l 526.5 429.5 m 527.5 429.5 l 528.5 429.5 m 529.5 429.5 l 530.5 429.5 m 531.5 429.5 l 532.5 429.5 m 533.5 429.5 l 534.5 429.5 m 535.5 429.5 l 536.5 429.5 m 537.5 429.5 l 538.5 429.5 m 539.5 429.5 l 540.5 429.5 m 541.5 429.5 l 542.5 429.5 m 543.5 429.5 l 544.5 429.5 m 545.5 429.5 l 546.5 429.5 m 547.5 429.5 l 548.5 429.5 m 549.5 429.5 l 550.5 429.5 m 551.5 429.5 l 552.5 429.5 m 553.5 429.5 l 554.5 429.5 m 555.5 429.5 l 556.5 429.5 m 557.5 429.5 l 558.5 429.5 m 559.5 429.5 l 560.5 429.5 m 561.5 429.5 l 562.5 429.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 434.68 Td (Dividends on Common Stock) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 413.20 Td (During fiscal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 102.51 413.20 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 122.52 413.20 Td ( we declared and paid cash dividends that totaled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.77 413.20 Td ($1.56) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.28 413.20 Td ( per share of outstanding common stock or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 402.40 Td (approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 110.19 402.40 Td ($407 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 159.37 402.40 Td (. In August ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 205.56 402.40 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 225.58 402.40 Td ( our Board of Directors declared a quarterly cash dividend of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.91 402.40 Td ($0.47) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 495.43 402.40 Td ( per share of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 391.60 Td (outstanding common stock payable on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 209.61 391.60 Td (October 18, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.17 391.60 Td ( to stockholders of record at the close of business on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.19 391.60 Td (October 10, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 380.80 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 380.80 Td (. Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 370.00 Td (determination of our Board of Directors.) Tj ET Q 50.5 334.5 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 334.5 l 52.5 334.5 m 53.5 334.5 l 54.5 334.5 m 55.5 334.5 l 56.5 334.5 m 57.5 334.5 l 58.5 334.5 m 59.5 334.5 l 60.5 334.5 m 61.5 334.5 l 62.5 334.5 m 63.5 334.5 l 64.5 334.5 m 65.5 334.5 l 66.5 334.5 m 67.5 334.5 l 68.5 334.5 m 69.5 334.5 l 70.5 334.5 m 71.5 334.5 l 72.5 334.5 m 73.5 334.5 l 74.5 334.5 m 75.5 334.5 l 76.5 334.5 m 77.5 334.5 l 78.5 334.5 m 79.5 334.5 l 80.5 334.5 m 81.5 334.5 l 82.5 334.5 m 83.5 334.5 l 84.5 334.5 m 85.5 334.5 l 86.5 334.5 m 87.5 334.5 l 88.5 334.5 m 89.5 334.5 l 90.5 334.5 m 91.5 334.5 l 92.5 334.5 m 93.5 334.5 l 94.5 334.5 m 95.5 334.5 l 96.5 334.5 m 97.5 334.5 l 98.5 334.5 m 99.5 334.5 l 100.5 334.5 m 101.5 334.5 l 102.5 334.5 m 103.5 334.5 l 104.5 334.5 m 105.5 334.5 l 106.5 334.5 m 107.5 334.5 l 108.5 334.5 m 109.5 334.5 l 110.5 334.5 m 111.5 334.5 l 112.5 334.5 m 113.5 334.5 l 114.5 334.5 m 115.5 334.5 l 116.5 334.5 m 117.5 334.5 l 118.5 334.5 m 119.5 334.5 l 120.5 334.5 m 121.5 334.5 l 122.5 334.5 m 123.5 334.5 l 124.5 334.5 m 125.5 334.5 l 126.5 334.5 m 127.5 334.5 l 128.5 334.5 m 129.5 334.5 l 130.5 334.5 m 131.5 334.5 l 132.5 334.5 m 133.5 334.5 l 134.5 334.5 m 135.5 334.5 l 136.5 334.5 m 137.5 334.5 l 138.5 334.5 m 139.5 334.5 l 140.5 334.5 m 141.5 334.5 l 142.5 334.5 m 143.5 334.5 l 144.5 334.5 m 145.5 334.5 l 146.5 334.5 m 147.5 334.5 l 148.5 334.5 m 149.5 334.5 l 150.5 334.5 m 151.5 334.5 l 152.5 334.5 m 153.5 334.5 l 154.5 334.5 m 155.5 334.5 l 156.5 334.5 m 157.5 334.5 l 158.5 334.5 m 159.5 334.5 l 160.5 334.5 m 161.5 334.5 l 162.5 334.5 m 163.5 334.5 l 164.5 334.5 m 165.5 334.5 l 166.5 334.5 m 167.5 334.5 l 168.5 334.5 m 169.5 334.5 l 170.5 334.5 m 171.5 334.5 l 172.5 334.5 m 173.5 334.5 l 174.5 334.5 m 175.5 334.5 l 176.5 334.5 m 177.5 334.5 l 178.5 334.5 m 179.5 334.5 l 180.5 334.5 m 181.5 334.5 l 182.5 334.5 m 183.5 334.5 l 184.5 334.5 m 185.5 334.5 l 186.5 334.5 m 187.5 334.5 l 188.5 334.5 m 189.5 334.5 l 190.5 334.5 m 191.5 334.5 l 192.5 334.5 m 193.5 334.5 l 194.5 334.5 m 195.5 334.5 l 196.5 334.5 m 197.5 334.5 l 198.5 334.5 m 199.5 334.5 l 200.5 334.5 m 201.5 334.5 l 202.5 334.5 m 203.5 334.5 l 204.5 334.5 m 205.5 334.5 l 206.5 334.5 m 207.5 334.5 l 208.5 334.5 m 209.5 334.5 l 210.5 334.5 m 211.5 334.5 l 212.5 334.5 m 213.5 334.5 l 214.5 334.5 m 215.5 334.5 l 216.5 334.5 m 217.5 334.5 l 218.5 334.5 m 219.5 334.5 l 220.5 334.5 m 221.5 334.5 l 222.5 334.5 m 223.5 334.5 l 224.5 334.5 m 225.5 334.5 l 226.5 334.5 m 227.5 334.5 l 228.5 334.5 m 229.5 334.5 l 230.5 334.5 m 231.5 334.5 l 232.5 334.5 m 233.5 334.5 l 234.5 334.5 m 235.5 334.5 l 236.5 334.5 m 237.5 334.5 l 238.5 334.5 m 239.5 334.5 l 240.5 334.5 m 241.5 334.5 l 242.5 334.5 m 243.5 334.5 l 244.5 334.5 m 245.5 334.5 l 246.5 334.5 m 247.5 334.5 l 248.5 334.5 m 249.5 334.5 l 250.5 334.5 m 251.5 334.5 l 252.5 334.5 m 253.5 334.5 l 254.5 334.5 m 255.5 334.5 l 256.5 334.5 m 257.5 334.5 l 258.5 334.5 m 259.5 334.5 l 260.5 334.5 m 261.5 334.5 l 262.5 334.5 m 263.5 334.5 l 264.5 334.5 m 265.5 334.5 l 266.5 334.5 m 267.5 334.5 l 268.5 334.5 m 269.5 334.5 l 270.5 334.5 m 271.5 334.5 l 272.5 334.5 m 273.5 334.5 l 274.5 334.5 m 275.5 334.5 l 276.5 334.5 m 277.5 334.5 l 278.5 334.5 m 279.5 334.5 l 280.5 334.5 m 281.5 334.5 l 282.5 334.5 m 283.5 334.5 l 284.5 334.5 m 285.5 334.5 l 286.5 334.5 m 287.5 334.5 l 288.5 334.5 m 289.5 334.5 l 290.5 334.5 m 291.5 334.5 l 292.5 334.5 m 293.5 334.5 l 294.5 334.5 m 295.5 334.5 l 296.5 334.5 m 297.5 334.5 l 298.5 334.5 m 299.5 334.5 l 300.5 334.5 m 301.5 334.5 l 302.5 334.5 m 303.5 334.5 l 304.5 334.5 m 305.5 334.5 l 306.5 334.5 m 307.5 334.5 l 308.5 334.5 m 309.5 334.5 l 310.5 334.5 m 311.5 334.5 l 312.5 334.5 m 313.5 334.5 l 314.5 334.5 m 315.5 334.5 l 316.5 334.5 m 317.5 334.5 l 318.5 334.5 m 319.5 334.5 l 320.5 334.5 m 321.5 334.5 l 322.5 334.5 m 323.5 334.5 l 324.5 334.5 m 325.5 334.5 l 326.5 334.5 m 327.5 334.5 l 328.5 334.5 m 329.5 334.5 l 330.5 334.5 m 331.5 334.5 l 332.5 334.5 m 333.5 334.5 l 334.5 334.5 m 335.5 334.5 l 336.5 334.5 m 337.5 334.5 l 338.5 334.5 m 339.5 334.5 l 340.5 334.5 m 341.5 334.5 l 342.5 334.5 m 343.5 334.5 l 344.5 334.5 m 345.5 334.5 l 346.5 334.5 m 347.5 334.5 l 348.5 334.5 m 349.5 334.5 l 350.5 334.5 m 351.5 334.5 l 352.5 334.5 m 353.5 334.5 l 354.5 334.5 m 355.5 334.5 l 356.5 334.5 m 357.5 334.5 l 358.5 334.5 m 359.5 334.5 l 360.5 334.5 m 361.5 334.5 l 362.5 334.5 m 363.5 334.5 l 364.5 334.5 m 365.5 334.5 l 366.5 334.5 m 367.5 334.5 l 368.5 334.5 m 369.5 334.5 l 370.5 334.5 m 371.5 334.5 l 372.5 334.5 m 373.5 334.5 l 374.5 334.5 m 375.5 334.5 l 376.5 334.5 m 377.5 334.5 l 378.5 334.5 m 379.5 334.5 l 380.5 334.5 m 381.5 334.5 l 382.5 334.5 m 383.5 334.5 l 384.5 334.5 m 385.5 334.5 l 386.5 334.5 m 387.5 334.5 l 388.5 334.5 m 389.5 334.5 l 390.5 334.5 m 391.5 334.5 l 392.5 334.5 m 393.5 334.5 l 394.5 334.5 m 395.5 334.5 l 396.5 334.5 m 397.5 334.5 l 398.5 334.5 m 399.5 334.5 l 400.5 334.5 m 401.5 334.5 l 402.5 334.5 m 403.5 334.5 l 404.5 334.5 m 405.5 334.5 l 406.5 334.5 m 407.5 334.5 l 408.5 334.5 m 409.5 334.5 l 410.5 334.5 m 411.5 334.5 l 412.5 334.5 m 413.5 334.5 l 414.5 334.5 m 415.5 334.5 l 416.5 334.5 m 417.5 334.5 l 418.5 334.5 m 419.5 334.5 l 420.5 334.5 m 421.5 334.5 l 422.5 334.5 m 423.5 334.5 l 424.5 334.5 m 425.5 334.5 l 426.5 334.5 m 427.5 334.5 l 428.5 334.5 m 429.5 334.5 l 430.5 334.5 m 431.5 334.5 l 432.5 334.5 m 433.5 334.5 l 434.5 334.5 m 435.5 334.5 l 436.5 334.5 m 437.5 334.5 l 438.5 334.5 m 439.5 334.5 l 440.5 334.5 m 441.5 334.5 l 442.5 334.5 m 443.5 334.5 l 444.5 334.5 m 445.5 334.5 l 446.5 334.5 m 447.5 334.5 l 448.5 334.5 m 449.5 334.5 l 450.5 334.5 m 451.5 334.5 l 452.5 334.5 m 453.5 334.5 l 454.5 334.5 m 455.5 334.5 l 456.5 334.5 m 457.5 334.5 l 458.5 334.5 m 459.5 334.5 l 460.5 334.5 m 461.5 334.5 l 462.5 334.5 m 463.5 334.5 l 464.5 334.5 m 465.5 334.5 l 466.5 334.5 m 467.5 334.5 l 468.5 334.5 m 469.5 334.5 l 470.5 334.5 m 471.5 334.5 l 472.5 334.5 m 473.5 334.5 l 474.5 334.5 m 475.5 334.5 l 476.5 334.5 m 477.5 334.5 l 478.5 334.5 m 479.5 334.5 l 480.5 334.5 m 481.5 334.5 l 482.5 334.5 m 483.5 334.5 l 484.5 334.5 m 485.5 334.5 l 486.5 334.5 m 487.5 334.5 l 488.5 334.5 m 489.5 334.5 l 490.5 334.5 m 491.5 334.5 l 492.5 334.5 m 493.5 334.5 l 494.5 334.5 m 495.5 334.5 l 496.5 334.5 m 497.5 334.5 l 498.5 334.5 m 499.5 334.5 l 500.5 334.5 m 501.5 334.5 l 502.5 334.5 m 503.5 334.5 l 504.5 334.5 m 505.5 334.5 l 506.5 334.5 m 507.5 334.5 l 508.5 334.5 m 509.5 334.5 l 510.5 334.5 m 511.5 334.5 l 512.5 334.5 m 513.5 334.5 l 514.5 334.5 m 515.5 334.5 l 516.5 334.5 m 517.5 334.5 l 518.5 334.5 m 519.5 334.5 l 520.5 334.5 m 521.5 334.5 l 522.5 334.5 m 523.5 334.5 l 524.5 334.5 m 525.5 334.5 l 526.5 334.5 m 527.5 334.5 l 528.5 334.5 m 529.5 334.5 l 530.5 334.5 m 531.5 334.5 l 532.5 334.5 m 533.5 334.5 l 534.5 334.5 m 535.5 334.5 l 536.5 334.5 m 537.5 334.5 l 538.5 334.5 m 539.5 334.5 l 540.5 334.5 m 541.5 334.5 l 542.5 334.5 m 543.5 334.5 l 544.5 334.5 m 545.5 334.5 l 546.5 334.5 m 547.5 334.5 l 548.5 334.5 m 549.5 334.5 l 550.5 334.5 m 551.5 334.5 l 552.5 334.5 m 553.5 334.5 l 554.5 334.5 m 555.5 334.5 l 556.5 334.5 m 557.5 334.5 l 558.5 334.5 m 559.5 334.5 l 560.5 334.5 m 561.5 334.5 l 562.5 334.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 339.68 Td (Description of 2005 Equity Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 318.20 Td (Our stockholders initially approved our 2005 Equity Incentive Plan \(2005 Plan\) on December9, 2004. On January 19, 2017 our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 307.40 Td (stockholders approved an Amended and Restated 2005 Equity Incentive Plan \(Restated 2005 Plan\) that expires on January 19, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 296.60 Td (2027 and approved an additional ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 186.57 296.60 Td (23.1 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 233.25 296.60 Td ( shares for issuance under that plan. Under the Restated 2005 Plan, we are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 285.80 Td (permitted to grant incentive and non-qualified stock options, restricted stock awards, restricted stock units \(RSUs\), stock ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 275.00 Td (appreciation rights and stock bonus awards to our employees, non-employee directors, and consultants. The Compensation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 264.20 Td (and Organizational Development Committee of our Board of Directors or its delegates determine who will receive grants, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 253.40 Td (when those grants will be exercisable, their exercise price and other terms. We are permitted to issue up to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.62 253.40 Td (138.1 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.29 253.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 242.60 Td (shares under the Restated 2005 Plan. The plan provides a fungible share reserve. Each stock option granted on or after ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 231.80 Td (November 1, 2010 reduces the share reserve by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 246.14 231.80 Td (one) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 261.50 231.80 Td ( share and each restricted stock award or restricted stock unit granted ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 221.00 Td (reduces the share reserve by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 168.09 221.00 Td (2.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 180.60 221.00 Td ( shares. Stock options forfeited and returned to the pool of shares available for grant increase ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 210.20 Td (the pool by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 98.87 210.20 Td (one) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 114.22 210.20 Td ( share for each share forfeited. Restricted stock awards and RSUs forfeited and returned to the pool of shares ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 199.40 Td (available for grant increase the pool by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 210.09 199.40 Td (2.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 222.60 199.40 Td ( shares for each share forfeited. Shares withheld for income taxes upon vesting of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 188.60 Td (RSUs that were granted on or after July 21, 2016 are also returned to the pool of shares available for grant. At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.82 188.60 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.19 188.60 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 177.80 Td (there were approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 156.06 177.80 Td (22.8 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 202.74 177.80 Td (shares available for grant under this plan. Stock options granted under the 2005 Plan ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 167.00 Td (and the Restated 2005 Plan typically vest over three to four years based on continued service and have a seven year term. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 156.20 Td (RSUs granted under those plans typically vest over three to four years based on continued service. Certain RSUs granted to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 145.45 Td (senior management vest based on the achievement of pre-established performance or market goals.) Tj ET Q endstream endobj 163 0 obj <>] /Rotate 0 /Contents 164 0 R>> endobj 164 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (80 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 50.5 732.5 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 732.5 l 52.5 732.5 m 53.5 732.5 l 54.5 732.5 m 55.5 732.5 l 56.5 732.5 m 57.5 732.5 l 58.5 732.5 m 59.5 732.5 l 60.5 732.5 m 61.5 732.5 l 62.5 732.5 m 63.5 732.5 l 64.5 732.5 m 65.5 732.5 l 66.5 732.5 m 67.5 732.5 l 68.5 732.5 m 69.5 732.5 l 70.5 732.5 m 71.5 732.5 l 72.5 732.5 m 73.5 732.5 l 74.5 732.5 m 75.5 732.5 l 76.5 732.5 m 77.5 732.5 l 78.5 732.5 m 79.5 732.5 l 80.5 732.5 m 81.5 732.5 l 82.5 732.5 m 83.5 732.5 l 84.5 732.5 m 85.5 732.5 l 86.5 732.5 m 87.5 732.5 l 88.5 732.5 m 89.5 732.5 l 90.5 732.5 m 91.5 732.5 l 92.5 732.5 m 93.5 732.5 l 94.5 732.5 m 95.5 732.5 l 96.5 732.5 m 97.5 732.5 l 98.5 732.5 m 99.5 732.5 l 100.5 732.5 m 101.5 732.5 l 102.5 732.5 m 103.5 732.5 l 104.5 732.5 m 105.5 732.5 l 106.5 732.5 m 107.5 732.5 l 108.5 732.5 m 109.5 732.5 l 110.5 732.5 m 111.5 732.5 l 112.5 732.5 m 113.5 732.5 l 114.5 732.5 m 115.5 732.5 l 116.5 732.5 m 117.5 732.5 l 118.5 732.5 m 119.5 732.5 l 120.5 732.5 m 121.5 732.5 l 122.5 732.5 m 123.5 732.5 l 124.5 732.5 m 125.5 732.5 l 126.5 732.5 m 127.5 732.5 l 128.5 732.5 m 129.5 732.5 l 130.5 732.5 m 131.5 732.5 l 132.5 732.5 m 133.5 732.5 l 134.5 732.5 m 135.5 732.5 l 136.5 732.5 m 137.5 732.5 l 138.5 732.5 m 139.5 732.5 l 140.5 732.5 m 141.5 732.5 l 142.5 732.5 m 143.5 732.5 l 144.5 732.5 m 145.5 732.5 l 146.5 732.5 m 147.5 732.5 l 148.5 732.5 m 149.5 732.5 l 150.5 732.5 m 151.5 732.5 l 152.5 732.5 m 153.5 732.5 l 154.5 732.5 m 155.5 732.5 l 156.5 732.5 m 157.5 732.5 l 158.5 732.5 m 159.5 732.5 l 160.5 732.5 m 161.5 732.5 l 162.5 732.5 m 163.5 732.5 l 164.5 732.5 m 165.5 732.5 l 166.5 732.5 m 167.5 732.5 l 168.5 732.5 m 169.5 732.5 l 170.5 732.5 m 171.5 732.5 l 172.5 732.5 m 173.5 732.5 l 174.5 732.5 m 175.5 732.5 l 176.5 732.5 m 177.5 732.5 l 178.5 732.5 m 179.5 732.5 l 180.5 732.5 m 181.5 732.5 l 182.5 732.5 m 183.5 732.5 l 184.5 732.5 m 185.5 732.5 l 186.5 732.5 m 187.5 732.5 l 188.5 732.5 m 189.5 732.5 l 190.5 732.5 m 191.5 732.5 l 192.5 732.5 m 193.5 732.5 l 194.5 732.5 m 195.5 732.5 l 196.5 732.5 m 197.5 732.5 l 198.5 732.5 m 199.5 732.5 l 200.5 732.5 m 201.5 732.5 l 202.5 732.5 m 203.5 732.5 l 204.5 732.5 m 205.5 732.5 l 206.5 732.5 m 207.5 732.5 l 208.5 732.5 m 209.5 732.5 l 210.5 732.5 m 211.5 732.5 l 212.5 732.5 m 213.5 732.5 l 214.5 732.5 m 215.5 732.5 l 216.5 732.5 m 217.5 732.5 l 218.5 732.5 m 219.5 732.5 l 220.5 732.5 m 221.5 732.5 l 222.5 732.5 m 223.5 732.5 l 224.5 732.5 m 225.5 732.5 l 226.5 732.5 m 227.5 732.5 l 228.5 732.5 m 229.5 732.5 l 230.5 732.5 m 231.5 732.5 l 232.5 732.5 m 233.5 732.5 l 234.5 732.5 m 235.5 732.5 l 236.5 732.5 m 237.5 732.5 l 238.5 732.5 m 239.5 732.5 l 240.5 732.5 m 241.5 732.5 l 242.5 732.5 m 243.5 732.5 l 244.5 732.5 m 245.5 732.5 l 246.5 732.5 m 247.5 732.5 l 248.5 732.5 m 249.5 732.5 l 250.5 732.5 m 251.5 732.5 l 252.5 732.5 m 253.5 732.5 l 254.5 732.5 m 255.5 732.5 l 256.5 732.5 m 257.5 732.5 l 258.5 732.5 m 259.5 732.5 l 260.5 732.5 m 261.5 732.5 l 262.5 732.5 m 263.5 732.5 l 264.5 732.5 m 265.5 732.5 l 266.5 732.5 m 267.5 732.5 l 268.5 732.5 m 269.5 732.5 l 270.5 732.5 m 271.5 732.5 l 272.5 732.5 m 273.5 732.5 l 274.5 732.5 m 275.5 732.5 l 276.5 732.5 m 277.5 732.5 l 278.5 732.5 m 279.5 732.5 l 280.5 732.5 m 281.5 732.5 l 282.5 732.5 m 283.5 732.5 l 284.5 732.5 m 285.5 732.5 l 286.5 732.5 m 287.5 732.5 l 288.5 732.5 m 289.5 732.5 l 290.5 732.5 m 291.5 732.5 l 292.5 732.5 m 293.5 732.5 l 294.5 732.5 m 295.5 732.5 l 296.5 732.5 m 297.5 732.5 l 298.5 732.5 m 299.5 732.5 l 300.5 732.5 m 301.5 732.5 l 302.5 732.5 m 303.5 732.5 l 304.5 732.5 m 305.5 732.5 l 306.5 732.5 m 307.5 732.5 l 308.5 732.5 m 309.5 732.5 l 310.5 732.5 m 311.5 732.5 l 312.5 732.5 m 313.5 732.5 l 314.5 732.5 m 315.5 732.5 l 316.5 732.5 m 317.5 732.5 l 318.5 732.5 m 319.5 732.5 l 320.5 732.5 m 321.5 732.5 l 322.5 732.5 m 323.5 732.5 l 324.5 732.5 m 325.5 732.5 l 326.5 732.5 m 327.5 732.5 l 328.5 732.5 m 329.5 732.5 l 330.5 732.5 m 331.5 732.5 l 332.5 732.5 m 333.5 732.5 l 334.5 732.5 m 335.5 732.5 l 336.5 732.5 m 337.5 732.5 l 338.5 732.5 m 339.5 732.5 l 340.5 732.5 m 341.5 732.5 l 342.5 732.5 m 343.5 732.5 l 344.5 732.5 m 345.5 732.5 l 346.5 732.5 m 347.5 732.5 l 348.5 732.5 m 349.5 732.5 l 350.5 732.5 m 351.5 732.5 l 352.5 732.5 m 353.5 732.5 l 354.5 732.5 m 355.5 732.5 l 356.5 732.5 m 357.5 732.5 l 358.5 732.5 m 359.5 732.5 l 360.5 732.5 m 361.5 732.5 l 362.5 732.5 m 363.5 732.5 l 364.5 732.5 m 365.5 732.5 l 366.5 732.5 m 367.5 732.5 l 368.5 732.5 m 369.5 732.5 l 370.5 732.5 m 371.5 732.5 l 372.5 732.5 m 373.5 732.5 l 374.5 732.5 m 375.5 732.5 l 376.5 732.5 m 377.5 732.5 l 378.5 732.5 m 379.5 732.5 l 380.5 732.5 m 381.5 732.5 l 382.5 732.5 m 383.5 732.5 l 384.5 732.5 m 385.5 732.5 l 386.5 732.5 m 387.5 732.5 l 388.5 732.5 m 389.5 732.5 l 390.5 732.5 m 391.5 732.5 l 392.5 732.5 m 393.5 732.5 l 394.5 732.5 m 395.5 732.5 l 396.5 732.5 m 397.5 732.5 l 398.5 732.5 m 399.5 732.5 l 400.5 732.5 m 401.5 732.5 l 402.5 732.5 m 403.5 732.5 l 404.5 732.5 m 405.5 732.5 l 406.5 732.5 m 407.5 732.5 l 408.5 732.5 m 409.5 732.5 l 410.5 732.5 m 411.5 732.5 l 412.5 732.5 m 413.5 732.5 l 414.5 732.5 m 415.5 732.5 l 416.5 732.5 m 417.5 732.5 l 418.5 732.5 m 419.5 732.5 l 420.5 732.5 m 421.5 732.5 l 422.5 732.5 m 423.5 732.5 l 424.5 732.5 m 425.5 732.5 l 426.5 732.5 m 427.5 732.5 l 428.5 732.5 m 429.5 732.5 l 430.5 732.5 m 431.5 732.5 l 432.5 732.5 m 433.5 732.5 l 434.5 732.5 m 435.5 732.5 l 436.5 732.5 m 437.5 732.5 l 438.5 732.5 m 439.5 732.5 l 440.5 732.5 m 441.5 732.5 l 442.5 732.5 m 443.5 732.5 l 444.5 732.5 m 445.5 732.5 l 446.5 732.5 m 447.5 732.5 l 448.5 732.5 m 449.5 732.5 l 450.5 732.5 m 451.5 732.5 l 452.5 732.5 m 453.5 732.5 l 454.5 732.5 m 455.5 732.5 l 456.5 732.5 m 457.5 732.5 l 458.5 732.5 m 459.5 732.5 l 460.5 732.5 m 461.5 732.5 l 462.5 732.5 m 463.5 732.5 l 464.5 732.5 m 465.5 732.5 l 466.5 732.5 m 467.5 732.5 l 468.5 732.5 m 469.5 732.5 l 470.5 732.5 m 471.5 732.5 l 472.5 732.5 m 473.5 732.5 l 474.5 732.5 m 475.5 732.5 l 476.5 732.5 m 477.5 732.5 l 478.5 732.5 m 479.5 732.5 l 480.5 732.5 m 481.5 732.5 l 482.5 732.5 m 483.5 732.5 l 484.5 732.5 m 485.5 732.5 l 486.5 732.5 m 487.5 732.5 l 488.5 732.5 m 489.5 732.5 l 490.5 732.5 m 491.5 732.5 l 492.5 732.5 m 493.5 732.5 l 494.5 732.5 m 495.5 732.5 l 496.5 732.5 m 497.5 732.5 l 498.5 732.5 m 499.5 732.5 l 500.5 732.5 m 501.5 732.5 l 502.5 732.5 m 503.5 732.5 l 504.5 732.5 m 505.5 732.5 l 506.5 732.5 m 507.5 732.5 l 508.5 732.5 m 509.5 732.5 l 510.5 732.5 m 511.5 732.5 l 512.5 732.5 m 513.5 732.5 l 514.5 732.5 m 515.5 732.5 l 516.5 732.5 m 517.5 732.5 l 518.5 732.5 m 519.5 732.5 l 520.5 732.5 m 521.5 732.5 l 522.5 732.5 m 523.5 732.5 l 524.5 732.5 m 525.5 732.5 l 526.5 732.5 m 527.5 732.5 l 528.5 732.5 m 529.5 732.5 l 530.5 732.5 m 531.5 732.5 l 532.5 732.5 m 533.5 732.5 l 534.5 732.5 m 535.5 732.5 l 536.5 732.5 m 537.5 732.5 l 538.5 732.5 m 539.5 732.5 l 540.5 732.5 m 541.5 732.5 l 542.5 732.5 m 543.5 732.5 l 544.5 732.5 m 545.5 732.5 l 546.5 732.5 m 547.5 732.5 l 548.5 732.5 m 549.5 732.5 l 550.5 732.5 m 551.5 732.5 l 552.5 732.5 m 553.5 732.5 l 554.5 732.5 m 555.5 732.5 l 556.5 732.5 m 557.5 732.5 l 558.5 732.5 m 559.5 732.5 l 560.5 732.5 m 561.5 732.5 l 562.5 732.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 737.68 Td (Description of Employee Stock Purchase Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 716.20 Td (On November26, 1996 our stockholders initially adopted our Employee Stock Purchase Plan \(ESPP\) under Section423 of the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 705.40 Td (Internal Revenue Code. The ESPP permits our eligible employees to make payroll deductions to purchase our stock on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 694.65 Td (regularly scheduled purchase dates at a discount. Our stockholders have approved amendments to the ESPP to permit the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 683.80 Td (issuance of up to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 121.05 683.80 Td (23.8 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 167.73 683.80 Td ( shares under the ESPP, which expires upon the earliest to occur of \(a\) termination of the ESPP by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 673.05 Td (the Board, or \(b\) issuance of all the shares of Intuits common stock reserved for issuance under the ESPP. Offering periods ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 662.25 Td (under the ESPP are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 130.56 662.25 Td (six months) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 173.58 662.25 Td ( in duration and composed of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.66 662.25 Td (two) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 310.85 662.25 Td ( consecutive three-month accrual periods. Shares are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 651.40 Td (purchased at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 104.70 651.40 Td (85%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 122.21 651.40 Td ( of the lower of the closing price for Intuit common stock on the first day of the offering period or the last ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 640.65 Td (day of the accrual period.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 623.80 Td (Under the ESPP, employees purchased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 208.32 623.80 Td (612,768) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 240.84 623.80 Td ( shares of Intuit common stock during the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.18 623.80 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.55 623.80 Td (; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 613.00 Td (752,605) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 82.53 613.00 Td ( shares during the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.28 613.00 Td (July31, 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.65 613.00 Td (; and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.33 613.00 Td (882,206) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.85 613.00 Td ( shares during the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.60 613.00 Td (July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 602.25 Td (. At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.03 602.25 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 140.39 602.25 Td (, there were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 191.27 602.25 Td (2,391,194) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 231.30 602.25 Td ( shares available for issuance under this plan.) Tj ET Q 50.5 566.7 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 566.7 l 52.5 566.7 m 53.5 566.7 l 54.5 566.7 m 55.5 566.7 l 56.5 566.7 m 57.5 566.7 l 58.5 566.7 m 59.5 566.7 l 60.5 566.7 m 61.5 566.7 l 62.5 566.7 m 63.5 566.7 l 64.5 566.7 m 65.5 566.7 l 66.5 566.7 m 67.5 566.7 l 68.5 566.7 m 69.5 566.7 l 70.5 566.7 m 71.5 566.7 l 72.5 566.7 m 73.5 566.7 l 74.5 566.7 m 75.5 566.7 l 76.5 566.7 m 77.5 566.7 l 78.5 566.7 m 79.5 566.7 l 80.5 566.7 m 81.5 566.7 l 82.5 566.7 m 83.5 566.7 l 84.5 566.7 m 85.5 566.7 l 86.5 566.7 m 87.5 566.7 l 88.5 566.7 m 89.5 566.7 l 90.5 566.7 m 91.5 566.7 l 92.5 566.7 m 93.5 566.7 l 94.5 566.7 m 95.5 566.7 l 96.5 566.7 m 97.5 566.7 l 98.5 566.7 m 99.5 566.7 l 100.5 566.7 m 101.5 566.7 l 102.5 566.7 m 103.5 566.7 l 104.5 566.7 m 105.5 566.7 l 106.5 566.7 m 107.5 566.7 l 108.5 566.7 m 109.5 566.7 l 110.5 566.7 m 111.5 566.7 l 112.5 566.7 m 113.5 566.7 l 114.5 566.7 m 115.5 566.7 l 116.5 566.7 m 117.5 566.7 l 118.5 566.7 m 119.5 566.7 l 120.5 566.7 m 121.5 566.7 l 122.5 566.7 m 123.5 566.7 l 124.5 566.7 m 125.5 566.7 l 126.5 566.7 m 127.5 566.7 l 128.5 566.7 m 129.5 566.7 l 130.5 566.7 m 131.5 566.7 l 132.5 566.7 m 133.5 566.7 l 134.5 566.7 m 135.5 566.7 l 136.5 566.7 m 137.5 566.7 l 138.5 566.7 m 139.5 566.7 l 140.5 566.7 m 141.5 566.7 l 142.5 566.7 m 143.5 566.7 l 144.5 566.7 m 145.5 566.7 l 146.5 566.7 m 147.5 566.7 l 148.5 566.7 m 149.5 566.7 l 150.5 566.7 m 151.5 566.7 l 152.5 566.7 m 153.5 566.7 l 154.5 566.7 m 155.5 566.7 l 156.5 566.7 m 157.5 566.7 l 158.5 566.7 m 159.5 566.7 l 160.5 566.7 m 161.5 566.7 l 162.5 566.7 m 163.5 566.7 l 164.5 566.7 m 165.5 566.7 l 166.5 566.7 m 167.5 566.7 l 168.5 566.7 m 169.5 566.7 l 170.5 566.7 m 171.5 566.7 l 172.5 566.7 m 173.5 566.7 l 174.5 566.7 m 175.5 566.7 l 176.5 566.7 m 177.5 566.7 l 178.5 566.7 m 179.5 566.7 l 180.5 566.7 m 181.5 566.7 l 182.5 566.7 m 183.5 566.7 l 184.5 566.7 m 185.5 566.7 l 186.5 566.7 m 187.5 566.7 l 188.5 566.7 m 189.5 566.7 l 190.5 566.7 m 191.5 566.7 l 192.5 566.7 m 193.5 566.7 l 194.5 566.7 m 195.5 566.7 l 196.5 566.7 m 197.5 566.7 l 198.5 566.7 m 199.5 566.7 l 200.5 566.7 m 201.5 566.7 l 202.5 566.7 m 203.5 566.7 l 204.5 566.7 m 205.5 566.7 l 206.5 566.7 m 207.5 566.7 l 208.5 566.7 m 209.5 566.7 l 210.5 566.7 m 211.5 566.7 l 212.5 566.7 m 213.5 566.7 l 214.5 566.7 m 215.5 566.7 l 216.5 566.7 m 217.5 566.7 l 218.5 566.7 m 219.5 566.7 l 220.5 566.7 m 221.5 566.7 l 222.5 566.7 m 223.5 566.7 l 224.5 566.7 m 225.5 566.7 l 226.5 566.7 m 227.5 566.7 l 228.5 566.7 m 229.5 566.7 l 230.5 566.7 m 231.5 566.7 l 232.5 566.7 m 233.5 566.7 l 234.5 566.7 m 235.5 566.7 l 236.5 566.7 m 237.5 566.7 l 238.5 566.7 m 239.5 566.7 l 240.5 566.7 m 241.5 566.7 l 242.5 566.7 m 243.5 566.7 l 244.5 566.7 m 245.5 566.7 l 246.5 566.7 m 247.5 566.7 l 248.5 566.7 m 249.5 566.7 l 250.5 566.7 m 251.5 566.7 l 252.5 566.7 m 253.5 566.7 l 254.5 566.7 m 255.5 566.7 l 256.5 566.7 m 257.5 566.7 l 258.5 566.7 m 259.5 566.7 l 260.5 566.7 m 261.5 566.7 l 262.5 566.7 m 263.5 566.7 l 264.5 566.7 m 265.5 566.7 l 266.5 566.7 m 267.5 566.7 l 268.5 566.7 m 269.5 566.7 l 270.5 566.7 m 271.5 566.7 l 272.5 566.7 m 273.5 566.7 l 274.5 566.7 m 275.5 566.7 l 276.5 566.7 m 277.5 566.7 l 278.5 566.7 m 279.5 566.7 l 280.5 566.7 m 281.5 566.7 l 282.5 566.7 m 283.5 566.7 l 284.5 566.7 m 285.5 566.7 l 286.5 566.7 m 287.5 566.7 l 288.5 566.7 m 289.5 566.7 l 290.5 566.7 m 291.5 566.7 l 292.5 566.7 m 293.5 566.7 l 294.5 566.7 m 295.5 566.7 l 296.5 566.7 m 297.5 566.7 l 298.5 566.7 m 299.5 566.7 l 300.5 566.7 m 301.5 566.7 l 302.5 566.7 m 303.5 566.7 l 304.5 566.7 m 305.5 566.7 l 306.5 566.7 m 307.5 566.7 l 308.5 566.7 m 309.5 566.7 l 310.5 566.7 m 311.5 566.7 l 312.5 566.7 m 313.5 566.7 l 314.5 566.7 m 315.5 566.7 l 316.5 566.7 m 317.5 566.7 l 318.5 566.7 m 319.5 566.7 l 320.5 566.7 m 321.5 566.7 l 322.5 566.7 m 323.5 566.7 l 324.5 566.7 m 325.5 566.7 l 326.5 566.7 m 327.5 566.7 l 328.5 566.7 m 329.5 566.7 l 330.5 566.7 m 331.5 566.7 l 332.5 566.7 m 333.5 566.7 l 334.5 566.7 m 335.5 566.7 l 336.5 566.7 m 337.5 566.7 l 338.5 566.7 m 339.5 566.7 l 340.5 566.7 m 341.5 566.7 l 342.5 566.7 m 343.5 566.7 l 344.5 566.7 m 345.5 566.7 l 346.5 566.7 m 347.5 566.7 l 348.5 566.7 m 349.5 566.7 l 350.5 566.7 m 351.5 566.7 l 352.5 566.7 m 353.5 566.7 l 354.5 566.7 m 355.5 566.7 l 356.5 566.7 m 357.5 566.7 l 358.5 566.7 m 359.5 566.7 l 360.5 566.7 m 361.5 566.7 l 362.5 566.7 m 363.5 566.7 l 364.5 566.7 m 365.5 566.7 l 366.5 566.7 m 367.5 566.7 l 368.5 566.7 m 369.5 566.7 l 370.5 566.7 m 371.5 566.7 l 372.5 566.7 m 373.5 566.7 l 374.5 566.7 m 375.5 566.7 l 376.5 566.7 m 377.5 566.7 l 378.5 566.7 m 379.5 566.7 l 380.5 566.7 m 381.5 566.7 l 382.5 566.7 m 383.5 566.7 l 384.5 566.7 m 385.5 566.7 l 386.5 566.7 m 387.5 566.7 l 388.5 566.7 m 389.5 566.7 l 390.5 566.7 m 391.5 566.7 l 392.5 566.7 m 393.5 566.7 l 394.5 566.7 m 395.5 566.7 l 396.5 566.7 m 397.5 566.7 l 398.5 566.7 m 399.5 566.7 l 400.5 566.7 m 401.5 566.7 l 402.5 566.7 m 403.5 566.7 l 404.5 566.7 m 405.5 566.7 l 406.5 566.7 m 407.5 566.7 l 408.5 566.7 m 409.5 566.7 l 410.5 566.7 m 411.5 566.7 l 412.5 566.7 m 413.5 566.7 l 414.5 566.7 m 415.5 566.7 l 416.5 566.7 m 417.5 566.7 l 418.5 566.7 m 419.5 566.7 l 420.5 566.7 m 421.5 566.7 l 422.5 566.7 m 423.5 566.7 l 424.5 566.7 m 425.5 566.7 l 426.5 566.7 m 427.5 566.7 l 428.5 566.7 m 429.5 566.7 l 430.5 566.7 m 431.5 566.7 l 432.5 566.7 m 433.5 566.7 l 434.5 566.7 m 435.5 566.7 l 436.5 566.7 m 437.5 566.7 l 438.5 566.7 m 439.5 566.7 l 440.5 566.7 m 441.5 566.7 l 442.5 566.7 m 443.5 566.7 l 444.5 566.7 m 445.5 566.7 l 446.5 566.7 m 447.5 566.7 l 448.5 566.7 m 449.5 566.7 l 450.5 566.7 m 451.5 566.7 l 452.5 566.7 m 453.5 566.7 l 454.5 566.7 m 455.5 566.7 l 456.5 566.7 m 457.5 566.7 l 458.5 566.7 m 459.5 566.7 l 460.5 566.7 m 461.5 566.7 l 462.5 566.7 m 463.5 566.7 l 464.5 566.7 m 465.5 566.7 l 466.5 566.7 m 467.5 566.7 l 468.5 566.7 m 469.5 566.7 l 470.5 566.7 m 471.5 566.7 l 472.5 566.7 m 473.5 566.7 l 474.5 566.7 m 475.5 566.7 l 476.5 566.7 m 477.5 566.7 l 478.5 566.7 m 479.5 566.7 l 480.5 566.7 m 481.5 566.7 l 482.5 566.7 m 483.5 566.7 l 484.5 566.7 m 485.5 566.7 l 486.5 566.7 m 487.5 566.7 l 488.5 566.7 m 489.5 566.7 l 490.5 566.7 m 491.5 566.7 l 492.5 566.7 m 493.5 566.7 l 494.5 566.7 m 495.5 566.7 l 496.5 566.7 m 497.5 566.7 l 498.5 566.7 m 499.5 566.7 l 500.5 566.7 m 501.5 566.7 l 502.5 566.7 m 503.5 566.7 l 504.5 566.7 m 505.5 566.7 l 506.5 566.7 m 507.5 566.7 l 508.5 566.7 m 509.5 566.7 l 510.5 566.7 m 511.5 566.7 l 512.5 566.7 m 513.5 566.7 l 514.5 566.7 m 515.5 566.7 l 516.5 566.7 m 517.5 566.7 l 518.5 566.7 m 519.5 566.7 l 520.5 566.7 m 521.5 566.7 l 522.5 566.7 m 523.5 566.7 l 524.5 566.7 m 525.5 566.7 l 526.5 566.7 m 527.5 566.7 l 528.5 566.7 m 529.5 566.7 l 530.5 566.7 m 531.5 566.7 l 532.5 566.7 m 533.5 566.7 l 534.5 566.7 m 535.5 566.7 l 536.5 566.7 m 537.5 566.7 l 538.5 566.7 m 539.5 566.7 l 540.5 566.7 m 541.5 566.7 l 542.5 566.7 m 543.5 566.7 l 544.5 566.7 m 545.5 566.7 l 546.5 566.7 m 547.5 566.7 l 548.5 566.7 m 549.5 566.7 l 550.5 566.7 m 551.5 566.7 l 552.5 566.7 m 553.5 566.7 l 554.5 566.7 m 555.5 566.7 l 556.5 566.7 m 557.5 566.7 l 558.5 566.7 m 559.5 566.7 l 560.5 566.7 m 561.5 566.7 l 562.5 566.7 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 571.88 Td (Adoption of ASU 2016-09) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 550.40 Td (In fiscal 2017 we adopted ASU 2016-09, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 219.10 550.40 Td (CompensationStock Compensation \(Topic 718\): Improvements to Employee ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 539.60 Td (Share-Based Payment Accounting) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 186.75 539.60 Td ( which requires tax benefits recognized on share-based compensation expense to be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 528.80 Td (reflected in our condensed consolidated statements of operations as a component of the provision for income taxes on a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 518.00 Td (prospective basis. Excess tax benefits are classified as an operating activity in our condensed consolidated statements of cash ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 507.20 Td (flows and we applied this provision on a retrospective basis. For the twelve months ended July 31, 2018 and 2017, we ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 496.40 Td (recognized excess tax benefits of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 186.91 496.40 Td ($100 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 236.08 496.40 Td ( and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.26 496.40 Td ($72 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.43 496.40 Td ( in our provision for income taxes. For the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 485.60 Td (July 31, 2016, net cash provided by operating activities increased by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.48 485.60 Td ($59 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.65 485.60 Td ( with a corresponding offset to net cash used ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 474.80 Td (in financing activities. As a result of the adoption of ASU2016-09, as of August 1, 2016, we recognized the net cumulative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 464.00 Td (effect of this change as a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 153.08 464.00 Td ($6 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 192.24 464.00 Td ( increase to additional paid-in capital, a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.46 464.00 Td ($2 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.63 464.00 Td ( increase to deferred tax assets and a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.73 464.00 Td ($4 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 453.20 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.66 453.20 Td ( reduction to retained earnings.) Tj ET Q 50.5 417.7 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 417.7 l 52.5 417.7 m 53.5 417.7 l 54.5 417.7 m 55.5 417.7 l 56.5 417.7 m 57.5 417.7 l 58.5 417.7 m 59.5 417.7 l 60.5 417.7 m 61.5 417.7 l 62.5 417.7 m 63.5 417.7 l 64.5 417.7 m 65.5 417.7 l 66.5 417.7 m 67.5 417.7 l 68.5 417.7 m 69.5 417.7 l 70.5 417.7 m 71.5 417.7 l 72.5 417.7 m 73.5 417.7 l 74.5 417.7 m 75.5 417.7 l 76.5 417.7 m 77.5 417.7 l 78.5 417.7 m 79.5 417.7 l 80.5 417.7 m 81.5 417.7 l 82.5 417.7 m 83.5 417.7 l 84.5 417.7 m 85.5 417.7 l 86.5 417.7 m 87.5 417.7 l 88.5 417.7 m 89.5 417.7 l 90.5 417.7 m 91.5 417.7 l 92.5 417.7 m 93.5 417.7 l 94.5 417.7 m 95.5 417.7 l 96.5 417.7 m 97.5 417.7 l 98.5 417.7 m 99.5 417.7 l 100.5 417.7 m 101.5 417.7 l 102.5 417.7 m 103.5 417.7 l 104.5 417.7 m 105.5 417.7 l 106.5 417.7 m 107.5 417.7 l 108.5 417.7 m 109.5 417.7 l 110.5 417.7 m 111.5 417.7 l 112.5 417.7 m 113.5 417.7 l 114.5 417.7 m 115.5 417.7 l 116.5 417.7 m 117.5 417.7 l 118.5 417.7 m 119.5 417.7 l 120.5 417.7 m 121.5 417.7 l 122.5 417.7 m 123.5 417.7 l 124.5 417.7 m 125.5 417.7 l 126.5 417.7 m 127.5 417.7 l 128.5 417.7 m 129.5 417.7 l 130.5 417.7 m 131.5 417.7 l 132.5 417.7 m 133.5 417.7 l 134.5 417.7 m 135.5 417.7 l 136.5 417.7 m 137.5 417.7 l 138.5 417.7 m 139.5 417.7 l 140.5 417.7 m 141.5 417.7 l 142.5 417.7 m 143.5 417.7 l 144.5 417.7 m 145.5 417.7 l 146.5 417.7 m 147.5 417.7 l 148.5 417.7 m 149.5 417.7 l 150.5 417.7 m 151.5 417.7 l 152.5 417.7 m 153.5 417.7 l 154.5 417.7 m 155.5 417.7 l 156.5 417.7 m 157.5 417.7 l 158.5 417.7 m 159.5 417.7 l 160.5 417.7 m 161.5 417.7 l 162.5 417.7 m 163.5 417.7 l 164.5 417.7 m 165.5 417.7 l 166.5 417.7 m 167.5 417.7 l 168.5 417.7 m 169.5 417.7 l 170.5 417.7 m 171.5 417.7 l 172.5 417.7 m 173.5 417.7 l 174.5 417.7 m 175.5 417.7 l 176.5 417.7 m 177.5 417.7 l 178.5 417.7 m 179.5 417.7 l 180.5 417.7 m 181.5 417.7 l 182.5 417.7 m 183.5 417.7 l 184.5 417.7 m 185.5 417.7 l 186.5 417.7 m 187.5 417.7 l 188.5 417.7 m 189.5 417.7 l 190.5 417.7 m 191.5 417.7 l 192.5 417.7 m 193.5 417.7 l 194.5 417.7 m 195.5 417.7 l 196.5 417.7 m 197.5 417.7 l 198.5 417.7 m 199.5 417.7 l 200.5 417.7 m 201.5 417.7 l 202.5 417.7 m 203.5 417.7 l 204.5 417.7 m 205.5 417.7 l 206.5 417.7 m 207.5 417.7 l 208.5 417.7 m 209.5 417.7 l 210.5 417.7 m 211.5 417.7 l 212.5 417.7 m 213.5 417.7 l 214.5 417.7 m 215.5 417.7 l 216.5 417.7 m 217.5 417.7 l 218.5 417.7 m 219.5 417.7 l 220.5 417.7 m 221.5 417.7 l 222.5 417.7 m 223.5 417.7 l 224.5 417.7 m 225.5 417.7 l 226.5 417.7 m 227.5 417.7 l 228.5 417.7 m 229.5 417.7 l 230.5 417.7 m 231.5 417.7 l 232.5 417.7 m 233.5 417.7 l 234.5 417.7 m 235.5 417.7 l 236.5 417.7 m 237.5 417.7 l 238.5 417.7 m 239.5 417.7 l 240.5 417.7 m 241.5 417.7 l 242.5 417.7 m 243.5 417.7 l 244.5 417.7 m 245.5 417.7 l 246.5 417.7 m 247.5 417.7 l 248.5 417.7 m 249.5 417.7 l 250.5 417.7 m 251.5 417.7 l 252.5 417.7 m 253.5 417.7 l 254.5 417.7 m 255.5 417.7 l 256.5 417.7 m 257.5 417.7 l 258.5 417.7 m 259.5 417.7 l 260.5 417.7 m 261.5 417.7 l 262.5 417.7 m 263.5 417.7 l 264.5 417.7 m 265.5 417.7 l 266.5 417.7 m 267.5 417.7 l 268.5 417.7 m 269.5 417.7 l 270.5 417.7 m 271.5 417.7 l 272.5 417.7 m 273.5 417.7 l 274.5 417.7 m 275.5 417.7 l 276.5 417.7 m 277.5 417.7 l 278.5 417.7 m 279.5 417.7 l 280.5 417.7 m 281.5 417.7 l 282.5 417.7 m 283.5 417.7 l 284.5 417.7 m 285.5 417.7 l 286.5 417.7 m 287.5 417.7 l 288.5 417.7 m 289.5 417.7 l 290.5 417.7 m 291.5 417.7 l 292.5 417.7 m 293.5 417.7 l 294.5 417.7 m 295.5 417.7 l 296.5 417.7 m 297.5 417.7 l 298.5 417.7 m 299.5 417.7 l 300.5 417.7 m 301.5 417.7 l 302.5 417.7 m 303.5 417.7 l 304.5 417.7 m 305.5 417.7 l 306.5 417.7 m 307.5 417.7 l 308.5 417.7 m 309.5 417.7 l 310.5 417.7 m 311.5 417.7 l 312.5 417.7 m 313.5 417.7 l 314.5 417.7 m 315.5 417.7 l 316.5 417.7 m 317.5 417.7 l 318.5 417.7 m 319.5 417.7 l 320.5 417.7 m 321.5 417.7 l 322.5 417.7 m 323.5 417.7 l 324.5 417.7 m 325.5 417.7 l 326.5 417.7 m 327.5 417.7 l 328.5 417.7 m 329.5 417.7 l 330.5 417.7 m 331.5 417.7 l 332.5 417.7 m 333.5 417.7 l 334.5 417.7 m 335.5 417.7 l 336.5 417.7 m 337.5 417.7 l 338.5 417.7 m 339.5 417.7 l 340.5 417.7 m 341.5 417.7 l 342.5 417.7 m 343.5 417.7 l 344.5 417.7 m 345.5 417.7 l 346.5 417.7 m 347.5 417.7 l 348.5 417.7 m 349.5 417.7 l 350.5 417.7 m 351.5 417.7 l 352.5 417.7 m 353.5 417.7 l 354.5 417.7 m 355.5 417.7 l 356.5 417.7 m 357.5 417.7 l 358.5 417.7 m 359.5 417.7 l 360.5 417.7 m 361.5 417.7 l 362.5 417.7 m 363.5 417.7 l 364.5 417.7 m 365.5 417.7 l 366.5 417.7 m 367.5 417.7 l 368.5 417.7 m 369.5 417.7 l 370.5 417.7 m 371.5 417.7 l 372.5 417.7 m 373.5 417.7 l 374.5 417.7 m 375.5 417.7 l 376.5 417.7 m 377.5 417.7 l 378.5 417.7 m 379.5 417.7 l 380.5 417.7 m 381.5 417.7 l 382.5 417.7 m 383.5 417.7 l 384.5 417.7 m 385.5 417.7 l 386.5 417.7 m 387.5 417.7 l 388.5 417.7 m 389.5 417.7 l 390.5 417.7 m 391.5 417.7 l 392.5 417.7 m 393.5 417.7 l 394.5 417.7 m 395.5 417.7 l 396.5 417.7 m 397.5 417.7 l 398.5 417.7 m 399.5 417.7 l 400.5 417.7 m 401.5 417.7 l 402.5 417.7 m 403.5 417.7 l 404.5 417.7 m 405.5 417.7 l 406.5 417.7 m 407.5 417.7 l 408.5 417.7 m 409.5 417.7 l 410.5 417.7 m 411.5 417.7 l 412.5 417.7 m 413.5 417.7 l 414.5 417.7 m 415.5 417.7 l 416.5 417.7 m 417.5 417.7 l 418.5 417.7 m 419.5 417.7 l 420.5 417.7 m 421.5 417.7 l 422.5 417.7 m 423.5 417.7 l 424.5 417.7 m 425.5 417.7 l 426.5 417.7 m 427.5 417.7 l 428.5 417.7 m 429.5 417.7 l 430.5 417.7 m 431.5 417.7 l 432.5 417.7 m 433.5 417.7 l 434.5 417.7 m 435.5 417.7 l 436.5 417.7 m 437.5 417.7 l 438.5 417.7 m 439.5 417.7 l 440.5 417.7 m 441.5 417.7 l 442.5 417.7 m 443.5 417.7 l 444.5 417.7 m 445.5 417.7 l 446.5 417.7 m 447.5 417.7 l 448.5 417.7 m 449.5 417.7 l 450.5 417.7 m 451.5 417.7 l 452.5 417.7 m 453.5 417.7 l 454.5 417.7 m 455.5 417.7 l 456.5 417.7 m 457.5 417.7 l 458.5 417.7 m 459.5 417.7 l 460.5 417.7 m 461.5 417.7 l 462.5 417.7 m 463.5 417.7 l 464.5 417.7 m 465.5 417.7 l 466.5 417.7 m 467.5 417.7 l 468.5 417.7 m 469.5 417.7 l 470.5 417.7 m 471.5 417.7 l 472.5 417.7 m 473.5 417.7 l 474.5 417.7 m 475.5 417.7 l 476.5 417.7 m 477.5 417.7 l 478.5 417.7 m 479.5 417.7 l 480.5 417.7 m 481.5 417.7 l 482.5 417.7 m 483.5 417.7 l 484.5 417.7 m 485.5 417.7 l 486.5 417.7 m 487.5 417.7 l 488.5 417.7 m 489.5 417.7 l 490.5 417.7 m 491.5 417.7 l 492.5 417.7 m 493.5 417.7 l 494.5 417.7 m 495.5 417.7 l 496.5 417.7 m 497.5 417.7 l 498.5 417.7 m 499.5 417.7 l 500.5 417.7 m 501.5 417.7 l 502.5 417.7 m 503.5 417.7 l 504.5 417.7 m 505.5 417.7 l 506.5 417.7 m 507.5 417.7 l 508.5 417.7 m 509.5 417.7 l 510.5 417.7 m 511.5 417.7 l 512.5 417.7 m 513.5 417.7 l 514.5 417.7 m 515.5 417.7 l 516.5 417.7 m 517.5 417.7 l 518.5 417.7 m 519.5 417.7 l 520.5 417.7 m 521.5 417.7 l 522.5 417.7 m 523.5 417.7 l 524.5 417.7 m 525.5 417.7 l 526.5 417.7 m 527.5 417.7 l 528.5 417.7 m 529.5 417.7 l 530.5 417.7 m 531.5 417.7 l 532.5 417.7 m 533.5 417.7 l 534.5 417.7 m 535.5 417.7 l 536.5 417.7 m 537.5 417.7 l 538.5 417.7 m 539.5 417.7 l 540.5 417.7 m 541.5 417.7 l 542.5 417.7 m 543.5 417.7 l 544.5 417.7 m 545.5 417.7 l 546.5 417.7 m 547.5 417.7 l 548.5 417.7 m 549.5 417.7 l 550.5 417.7 m 551.5 417.7 l 552.5 417.7 m 553.5 417.7 l 554.5 417.7 m 555.5 417.7 l 556.5 417.7 m 557.5 417.7 l 558.5 417.7 m 559.5 417.7 l 560.5 417.7 m 561.5 417.7 l 562.5 417.7 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 422.88 Td (Share-Based Compensation Expense) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 401.40 Td (The following table summarizes the total share-based compensation expense that we recorded in operating income from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 390.60 Td (continuing operations for the periods shown.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 368.10 50.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 356.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 342.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 328.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 314.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 300.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 286.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 272.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 258.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 244.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 230.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 216.10 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 202.10 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 368.1 m 445.5 368.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 368.1 m 453.5 368.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 368.1 m 503.5 368.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 368.1 m 511.5 368.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 368.1 m 561.5 368.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 356.1 m 445.5 356.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 356.1 m 503.5 356.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 356.1 m 561.5 356.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 356.1 m 445.5 356.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 356.1 m 503.5 356.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 356.1 m 561.5 356.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 286.1 m 445.5 286.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 286.1 m 503.5 286.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 286.1 m 561.5 286.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 258.1 m 445.5 258.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 258.1 m 503.5 258.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 258.1 m 561.5 258.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 245.10000000000002 m 445.5 245.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 243.10000000000002 m 445.5 243.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 245.10000000000002 m 503.5 245.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 243.10000000000002 m 503.5 243.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 245.10000000000002 m 561.5 245.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 243.10000000000002 m 561.5 243.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 203.10000000000002 m 445.5 203.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 201.10000000000002 m 445.5 201.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 203.10000000000002 m 503.5 203.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 201.10000000000002 m 503.5 201.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 203.10000000000002 m 561.5 203.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 201.10000000000002 m 561.5 201.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 189.10000000000002 m 445.5 189.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 187.10000000000002 m 445.5 187.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 189.10000000000002 m 503.5 189.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 187.10000000000002 m 503.5 187.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 189.10000000000002 m 561.5 189.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 187.10000000000002 m 561.5 187.10000000000002 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 371.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.00 371.55 Td (Twelve Months Ended July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 359.55 Td (\(In millions except per share amounts\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 410.50 359.55 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 468.50 359.55 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 359.55 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 346.80 Td (Cost of product revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 346.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 437.40 346.80 Td (3) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 346.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.45 346.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 346.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.45 346.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 332.80 Td (Cost of service and other revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 432.40 332.80 Td (40) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 495.40 332.80 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.40 332.80 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 318.80 Td (Selling and marketing) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 318.80 Td (101) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 490.40 318.80 Td (88) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 548.40 318.80 Td (77) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 304.80 Td (Research and development) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 304.80 Td (133) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.40 304.80 Td (122) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 548.40 304.80 Td (90) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 290.80 Td (General and administrative) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 290.80 Td (105) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.40 290.80 Td (108) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 290.80 Td (103) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 276.80 Td (Total share-based compensation expense from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 276.80 Td (382) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.40 276.80 Td (326) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 276.80 Td (278) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 262.80 Td (Income tax benefit) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 424.90 262.80 Td (\(199) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 442.45 262.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 482.90 262.80 Td (\(179) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.45 262.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.90 262.80 Td (\(86) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 262.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 248.80 Td (Decrease in net income from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 248.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 248.80 Td (183) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 248.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.40 248.80 Td (147) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 248.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 248.80 Td (192) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 220.80 Td (Decrease in net income per share from continuing operations:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 220.80 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 220.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 220.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 206.80 Td (Basic) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 206.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 424.90 206.80 Td (0.71) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 206.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.90 206.80 Td (0.57) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 206.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 206.80 Td (0.73) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 192.80 Td (Diluted) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 192.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 424.90 192.80 Td (0.70) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 192.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.90 192.80 Td (0.56) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 192.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 192.80 Td (0.72) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 171.80 Td (We capitalized ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 111.58 171.80 Td ($3 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 150.75 171.80 Td ( in share-based compensation related to internal use software projects during the twelve months ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 159.80 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.51 159.80 Td (July31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.88 159.80 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 136.88 159.80 Td ($7 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 176.05 159.80 Td ( during the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.95 159.80 Td (July31, 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.32 159.80 Td (, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.00 159.80 Td ($6 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.16 159.80 Td ( during the twelve months ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 149.00 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.51 149.00 Td (July31, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 131.88 149.00 Td (. The table above also excludes share-based compensation expense for our discontinued operations, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 138.20 Td (which totaled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 107.19 138.20 Td ($3 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 146.36 138.20 Td ( during the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.26 138.20 Td (July31, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.63 138.20 Td (. Because we have not reclassified our statements of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 127.45 Td (cash flows to segregate discontinued operations, these amounts are included in share-based compensation expense on our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 116.65 Td (statements of cash flows for that period.) Tj ET Q 50.5 81.14999999999998 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 81.14999999999998 l 52.5 81.14999999999998 m 53.5 81.14999999999998 l 54.5 81.14999999999998 m 55.5 81.14999999999998 l 56.5 81.14999999999998 m 57.5 81.14999999999998 l 58.5 81.14999999999998 m 59.5 81.14999999999998 l 60.5 81.14999999999998 m 61.5 81.14999999999998 l 62.5 81.14999999999998 m 63.5 81.14999999999998 l 64.5 81.14999999999998 m 65.5 81.14999999999998 l 66.5 81.14999999999998 m 67.5 81.14999999999998 l 68.5 81.14999999999998 m 69.5 81.14999999999998 l 70.5 81.14999999999998 m 71.5 81.14999999999998 l 72.5 81.14999999999998 m 73.5 81.14999999999998 l 74.5 81.14999999999998 m 75.5 81.14999999999998 l 76.5 81.14999999999998 m 77.5 81.14999999999998 l 78.5 81.14999999999998 m 79.5 81.14999999999998 l 80.5 81.14999999999998 m 81.5 81.14999999999998 l 82.5 81.14999999999998 m 83.5 81.14999999999998 l 84.5 81.14999999999998 m 85.5 81.14999999999998 l 86.5 81.14999999999998 m 87.5 81.14999999999998 l 88.5 81.14999999999998 m 89.5 81.14999999999998 l 90.5 81.14999999999998 m 91.5 81.14999999999998 l 92.5 81.14999999999998 m 93.5 81.14999999999998 l 94.5 81.14999999999998 m 95.5 81.14999999999998 l 96.5 81.14999999999998 m 97.5 81.14999999999998 l 98.5 81.14999999999998 m 99.5 81.14999999999998 l 100.5 81.14999999999998 m 101.5 81.14999999999998 l 102.5 81.14999999999998 m 103.5 81.14999999999998 l 104.5 81.14999999999998 m 105.5 81.14999999999998 l 106.5 81.14999999999998 m 107.5 81.14999999999998 l 108.5 81.14999999999998 m 109.5 81.14999999999998 l 110.5 81.14999999999998 m 111.5 81.14999999999998 l 112.5 81.14999999999998 m 113.5 81.14999999999998 l 114.5 81.14999999999998 m 115.5 81.14999999999998 l 116.5 81.14999999999998 m 117.5 81.14999999999998 l 118.5 81.14999999999998 m 119.5 81.14999999999998 l 120.5 81.14999999999998 m 121.5 81.14999999999998 l 122.5 81.14999999999998 m 123.5 81.14999999999998 l 124.5 81.14999999999998 m 125.5 81.14999999999998 l 126.5 81.14999999999998 m 127.5 81.14999999999998 l 128.5 81.14999999999998 m 129.5 81.14999999999998 l 130.5 81.14999999999998 m 131.5 81.14999999999998 l 132.5 81.14999999999998 m 133.5 81.14999999999998 l 134.5 81.14999999999998 m 135.5 81.14999999999998 l 136.5 81.14999999999998 m 137.5 81.14999999999998 l 138.5 81.14999999999998 m 139.5 81.14999999999998 l 140.5 81.14999999999998 m 141.5 81.14999999999998 l 142.5 81.14999999999998 m 143.5 81.14999999999998 l 144.5 81.14999999999998 m 145.5 81.14999999999998 l 146.5 81.14999999999998 m 147.5 81.14999999999998 l 148.5 81.14999999999998 m 149.5 81.14999999999998 l 150.5 81.14999999999998 m 151.5 81.14999999999998 l 152.5 81.14999999999998 m 153.5 81.14999999999998 l 154.5 81.14999999999998 m 155.5 81.14999999999998 l 156.5 81.14999999999998 m 157.5 81.14999999999998 l 158.5 81.14999999999998 m 159.5 81.14999999999998 l 160.5 81.14999999999998 m 161.5 81.14999999999998 l 162.5 81.14999999999998 m 163.5 81.14999999999998 l 164.5 81.14999999999998 m 165.5 81.14999999999998 l 166.5 81.14999999999998 m 167.5 81.14999999999998 l 168.5 81.14999999999998 m 169.5 81.14999999999998 l 170.5 81.14999999999998 m 171.5 81.14999999999998 l 172.5 81.14999999999998 m 173.5 81.14999999999998 l 174.5 81.14999999999998 m 175.5 81.14999999999998 l 176.5 81.14999999999998 m 177.5 81.14999999999998 l 178.5 81.14999999999998 m 179.5 81.14999999999998 l 180.5 81.14999999999998 m 181.5 81.14999999999998 l 182.5 81.14999999999998 m 183.5 81.14999999999998 l 184.5 81.14999999999998 m 185.5 81.14999999999998 l 186.5 81.14999999999998 m 187.5 81.14999999999998 l 188.5 81.14999999999998 m 189.5 81.14999999999998 l 190.5 81.14999999999998 m 191.5 81.14999999999998 l 192.5 81.14999999999998 m 193.5 81.14999999999998 l 194.5 81.14999999999998 m 195.5 81.14999999999998 l 196.5 81.14999999999998 m 197.5 81.14999999999998 l 198.5 81.14999999999998 m 199.5 81.14999999999998 l 200.5 81.14999999999998 m 201.5 81.14999999999998 l 202.5 81.14999999999998 m 203.5 81.14999999999998 l 204.5 81.14999999999998 m 205.5 81.14999999999998 l 206.5 81.14999999999998 m 207.5 81.14999999999998 l 208.5 81.14999999999998 m 209.5 81.14999999999998 l 210.5 81.14999999999998 m 211.5 81.14999999999998 l 212.5 81.14999999999998 m 213.5 81.14999999999998 l 214.5 81.14999999999998 m 215.5 81.14999999999998 l 216.5 81.14999999999998 m 217.5 81.14999999999998 l 218.5 81.14999999999998 m 219.5 81.14999999999998 l 220.5 81.14999999999998 m 221.5 81.14999999999998 l 222.5 81.14999999999998 m 223.5 81.14999999999998 l 224.5 81.14999999999998 m 225.5 81.14999999999998 l 226.5 81.14999999999998 m 227.5 81.14999999999998 l 228.5 81.14999999999998 m 229.5 81.14999999999998 l 230.5 81.14999999999998 m 231.5 81.14999999999998 l 232.5 81.14999999999998 m 233.5 81.14999999999998 l 234.5 81.14999999999998 m 235.5 81.14999999999998 l 236.5 81.14999999999998 m 237.5 81.14999999999998 l 238.5 81.14999999999998 m 239.5 81.14999999999998 l 240.5 81.14999999999998 m 241.5 81.14999999999998 l 242.5 81.14999999999998 m 243.5 81.14999999999998 l 244.5 81.14999999999998 m 245.5 81.14999999999998 l 246.5 81.14999999999998 m 247.5 81.14999999999998 l 248.5 81.14999999999998 m 249.5 81.14999999999998 l 250.5 81.14999999999998 m 251.5 81.14999999999998 l 252.5 81.14999999999998 m 253.5 81.14999999999998 l 254.5 81.14999999999998 m 255.5 81.14999999999998 l 256.5 81.14999999999998 m 257.5 81.14999999999998 l 258.5 81.14999999999998 m 259.5 81.14999999999998 l 260.5 81.14999999999998 m 261.5 81.14999999999998 l 262.5 81.14999999999998 m 263.5 81.14999999999998 l 264.5 81.14999999999998 m 265.5 81.14999999999998 l 266.5 81.14999999999998 m 267.5 81.14999999999998 l 268.5 81.14999999999998 m 269.5 81.14999999999998 l 270.5 81.14999999999998 m 271.5 81.14999999999998 l 272.5 81.14999999999998 m 273.5 81.14999999999998 l 274.5 81.14999999999998 m 275.5 81.14999999999998 l 276.5 81.14999999999998 m 277.5 81.14999999999998 l 278.5 81.14999999999998 m 279.5 81.14999999999998 l 280.5 81.14999999999998 m 281.5 81.14999999999998 l 282.5 81.14999999999998 m 283.5 81.14999999999998 l 284.5 81.14999999999998 m 285.5 81.14999999999998 l 286.5 81.14999999999998 m 287.5 81.14999999999998 l 288.5 81.14999999999998 m 289.5 81.14999999999998 l 290.5 81.14999999999998 m 291.5 81.14999999999998 l 292.5 81.14999999999998 m 293.5 81.14999999999998 l 294.5 81.14999999999998 m 295.5 81.14999999999998 l 296.5 81.14999999999998 m 297.5 81.14999999999998 l 298.5 81.14999999999998 m 299.5 81.14999999999998 l 300.5 81.14999999999998 m 301.5 81.14999999999998 l 302.5 81.14999999999998 m 303.5 81.14999999999998 l 304.5 81.14999999999998 m 305.5 81.14999999999998 l 306.5 81.14999999999998 m 307.5 81.14999999999998 l 308.5 81.14999999999998 m 309.5 81.14999999999998 l 310.5 81.14999999999998 m 311.5 81.14999999999998 l 312.5 81.14999999999998 m 313.5 81.14999999999998 l 314.5 81.14999999999998 m 315.5 81.14999999999998 l 316.5 81.14999999999998 m 317.5 81.14999999999998 l 318.5 81.14999999999998 m 319.5 81.14999999999998 l 320.5 81.14999999999998 m 321.5 81.14999999999998 l 322.5 81.14999999999998 m 323.5 81.14999999999998 l 324.5 81.14999999999998 m 325.5 81.14999999999998 l 326.5 81.14999999999998 m 327.5 81.14999999999998 l 328.5 81.14999999999998 m 329.5 81.14999999999998 l 330.5 81.14999999999998 m 331.5 81.14999999999998 l 332.5 81.14999999999998 m 333.5 81.14999999999998 l 334.5 81.14999999999998 m 335.5 81.14999999999998 l 336.5 81.14999999999998 m 337.5 81.14999999999998 l 338.5 81.14999999999998 m 339.5 81.14999999999998 l 340.5 81.14999999999998 m 341.5 81.14999999999998 l 342.5 81.14999999999998 m 343.5 81.14999999999998 l 344.5 81.14999999999998 m 345.5 81.14999999999998 l 346.5 81.14999999999998 m 347.5 81.14999999999998 l 348.5 81.14999999999998 m 349.5 81.14999999999998 l 350.5 81.14999999999998 m 351.5 81.14999999999998 l 352.5 81.14999999999998 m 353.5 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81.14999999999998 l 468.5 81.14999999999998 m 469.5 81.14999999999998 l 470.5 81.14999999999998 m 471.5 81.14999999999998 l 472.5 81.14999999999998 m 473.5 81.14999999999998 l 474.5 81.14999999999998 m 475.5 81.14999999999998 l 476.5 81.14999999999998 m 477.5 81.14999999999998 l 478.5 81.14999999999998 m 479.5 81.14999999999998 l 480.5 81.14999999999998 m 481.5 81.14999999999998 l 482.5 81.14999999999998 m 483.5 81.14999999999998 l 484.5 81.14999999999998 m 485.5 81.14999999999998 l 486.5 81.14999999999998 m 487.5 81.14999999999998 l 488.5 81.14999999999998 m 489.5 81.14999999999998 l 490.5 81.14999999999998 m 491.5 81.14999999999998 l 492.5 81.14999999999998 m 493.5 81.14999999999998 l 494.5 81.14999999999998 m 495.5 81.14999999999998 l 496.5 81.14999999999998 m 497.5 81.14999999999998 l 498.5 81.14999999999998 m 499.5 81.14999999999998 l 500.5 81.14999999999998 m 501.5 81.14999999999998 l 502.5 81.14999999999998 m 503.5 81.14999999999998 l 504.5 81.14999999999998 m 505.5 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81.14999999999998 l 544.5 81.14999999999998 m 545.5 81.14999999999998 l 546.5 81.14999999999998 m 547.5 81.14999999999998 l 548.5 81.14999999999998 m 549.5 81.14999999999998 l 550.5 81.14999999999998 m 551.5 81.14999999999998 l 552.5 81.14999999999998 m 553.5 81.14999999999998 l 554.5 81.14999999999998 m 555.5 81.14999999999998 l 556.5 81.14999999999998 m 557.5 81.14999999999998 l 558.5 81.14999999999998 m 559.5 81.14999999999998 l 560.5 81.14999999999998 m 561.5 81.14999999999998 l 562.5 81.14999999999998 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 86.33 Td (Determining Fair Value) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 64.85 Td (Valuation and Amortization Method) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 201.03 64.85 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 203.53 64.85 Td ( We estimate the fair value of stock options granted using a lattice binomial model and a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 54.05 Td (multiple option award approach. Our stock options have various restrictions, including vesting provisions and restrictions on ) Tj ET Q endstream endobj 165 0 obj <>] /Rotate 0 /Contents 166 0 R>> endobj 166 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (81 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (transfer, and are often exercised prior to their contractual maturity. We believe that lattice binomial models are more capable ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (of incorporating the features of our stock options than closed-form models such as the Black Scholes model. The use of a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (lattice binomial model requires the use of extensive actual employee exercise behavior and a number of complex assumptions ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 709.80 Td (including the expected volatility of our stock price over the term of the options, risk-free interest rates and expected ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 699.00 Td (dividends. We amortize the fair value of options on a straight-line basis over the requisite service periods of the awards, which ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 688.20 Td (are generally the vesting periods.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 671.40 Td (Restricted stock units \(RSUs\) granted typically vest based on continued service. We value these time-based RSUs at the date of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 660.60 Td (grant using the intrinsic value method. We amortize the fair value of time-based RSUs on a straight-line basis over the service ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 649.80 Td (period. Certain RSUs granted to senior management vest based on the achievement of pre-established performance or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 639.00 Td (market goals. We estimate the fair value of performance-based RSUs at the date of grant using the intrinsic value method and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 628.20 Td (the probability that the specified performance criteria will be met. Each quarter we update our assessment of the probability ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 617.40 Td (that the specified performance criteria will be achieved and adjust our estimate of the fair value of the performance-based ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 606.60 Td (RSUs if necessary. We amortize the fair values of performance-based RSUs over the requisite service period for each ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 595.80 Td (separately vesting tranche of the award. We estimate the fair value of market-based RSUs at the date of grant using a Monte ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 585.00 Td (Carlo valuation methodology and amortize those fair values over the requisite service period for each separately vesting ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 574.20 Td (tranche of the award. The Monte Carlo methodology that we use to estimate the fair value of market-based RSUs at the date ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 563.40 Td (of grant incorporates into the valuation the possibility that the market condition may not be satisfied. Provided that the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 552.60 Td (requisite service is rendered, the total fair value of the market-based RSUs at the date of grant must be recognized as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 541.80 Td (compensation expense even if the market condition is not achieved. However, the number of shares that ultimately vest can ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 531.00 Td (vary significantly with the performance of the specified market criteria.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 514.20 Td (All of the RSUs we grant have dividend rights that are subject to the same vesting requirements as the underlying equity ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 503.40 Td (awards, so we do not adjust the market price of our stock on the date of grant for dividends. ) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 486.60 Td (Expected Term) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.17 486.60 Td (. The expected term of options granted represents the period of time that they are expected to be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 475.80 Td (outstanding and is a derived output of the lattice binomial model. The expected term of stock options is impacted by all of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 465.00 Td (the underlying assumptions and calibration of our model. The lattice binomial model assumes that option exercise behavior is ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 454.20 Td (a function of the options remaining vested life and the extent to which the market price of our common stock exceeds the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 443.40 Td (option exercise price. The lattice binomial model estimates the probability of exercise as a function of these two variables ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 432.60 Td (based on the history of exercises and cancellations on all past option grants made by us.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 415.80 Td (Expected Volatility) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 129.39 415.80 Td (. We estimate the volatility of our common stock at the date of grant based on the implied volatility of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 405.00 Td (one-year and two-year publicly traded options on our common stock. Our decision to use implied volatility was based upon ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 394.20 Td (the availability of actively traded options on our common stock and our assessment that implied volatility is more ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 383.40 Td (representative of future stock price trends than historical volatility.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 366.60 Td (Risk-Free Interest Rate) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 145.35 366.60 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 147.85 366.60 Td ( We base the risk-free interest rate that we use in our option valuation model on the implied yield in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 355.80 Td (effect at the time of option grant on constant maturity U.S. Treasury issues with equivalent remaining terms.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 339.00 Td (Dividends) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 91.85 339.00 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.35 339.00 Td ( We use an annualized expected dividend yield in our option valuation model. We paid quarterly cash dividends ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 328.20 Td (during all years presented and currently expect to continue to pay cash dividends in the future. ) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 311.40 Td (Forfeitures) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 96.00 311.40 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 98.50 311.40 Td ( We adjust share-based compensation expense for actual forfeitures as they occur. Prior to our adoption of ASU ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 300.60 Td (2016-09 in the first quarter of fiscal 2017, we estimated forfeitures at the time of grant and revised those estimates in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 289.80 Td (subsequent periods if actual forfeitures differed from those estimates. We used historical data to estimate pre-vesting option ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 279.00 Td (forfeitures and recorded share-based compensation expense only for those awards that were expected to vest.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 262.20 Td (We used the following assumptions to estimate the fair value of stock options granted and shares purchased under our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 251.40 Td (Employee Stock Purchase Plan for the periods indicated:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 299.50 227.90 78.00 -13.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 299.50 214.90 78.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 299.50 199.90 78.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 299.50 184.90 78.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 299.50 169.90 78.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 299.50 154.90 78.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 299.50 139.90 78.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 299.50 124.90 78.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 299.50 109.90 78.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 299.50 94.90 78.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 299.50 79.90 78.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 299.50 64.90 78.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 227.89999999999998 m 377.5 227.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 227.89999999999998 m 392.5 227.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 227.89999999999998 m 470.5 227.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 227.89999999999998 m 485.5 227.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 227.89999999999998 m 563.5 227.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 214.89999999999998 m 377.5 214.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 214.89999999999998 m 470.5 214.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 214.89999999999998 m 563.5 214.89999999999998 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 232.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.00 232.35 Td (Twelve Months Ended July 31,) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 328.50 219.35 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 421.50 219.35 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.50 219.35 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 204.60 Td (Assumptions for stock options:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 302.00 204.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 395.00 204.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.00 204.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 189.60 Td (Expected volatility \(range\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 359.45 196.40 10.01 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 359.45 189.60 Td (25) Tj ET Q BT /F3 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 369.50 196.40 7.50 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 369.50 189.60 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 423.95 189.60 Td (22% - 23%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.95 189.60 Td (22% - 26%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 174.60 Td (Weighted average expected volatility) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 359.45 174.60 Td (25) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 369.50 174.60 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 452.45 174.60 Td (23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.50 174.60 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.45 174.60 Td (22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.50 174.60 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 160.10 Td (Risk-free interest rate \(range\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 351.95 166.40 17.51 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 351.95 159.60 Td (2.84) Tj ET Q BT /F3 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 369.50 166.40 7.50 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 369.50 159.60 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 408.95 159.60 Td (1.65% - 1.70%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.95 159.60 Td (0.98% - 1.49%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 144.60 Td (Expected dividend yield) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 351.95 144.60 Td (0.72) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 369.50 144.60 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 408.95 144.60 Td (0.97% - 1.17%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.95 144.60 Td (1.06% - 1.36%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 114.60 Td (Assumptions for ESPP:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 302.00 114.60 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 395.00 114.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.00 114.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 99.60 Td (Expected volatility \(range\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 330.95 106.40 43.01 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 330.95 99.60 Td (20% - 25%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 423.95 99.60 Td (18% - 21%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.95 99.60 Td (23% - 26%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 84.60 Td (Weighted average expected volatility) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 359.45 84.60 Td (23) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 369.50 84.60 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 452.45 84.60 Td (20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.50 84.60 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.45 84.60 Td (25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.50 84.60 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 70.10 Td (Risk-free interest rate \(range\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 315.95 76.40 58.02 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 315.95 69.60 Td (1.05% - 1.96%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 408.95 69.60 Td (0.30% - 0.89%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.95 69.60 Td (0.06% - 0.47%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 54.60 Td (Expected dividend yield) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 315.95 54.60 Td (0.87% - 1.10%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 408.95 54.60 Td (1.09% - 1.10%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.95 54.60 Td (1.13% - 1.34%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 167 0 obj <>] /Rotate 0 /Contents 168 0 R>> endobj 168 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (82 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 50.5 732.5 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 732.5 l 52.5 732.5 m 53.5 732.5 l 54.5 732.5 m 55.5 732.5 l 56.5 732.5 m 57.5 732.5 l 58.5 732.5 m 59.5 732.5 l 60.5 732.5 m 61.5 732.5 l 62.5 732.5 m 63.5 732.5 l 64.5 732.5 m 65.5 732.5 l 66.5 732.5 m 67.5 732.5 l 68.5 732.5 m 69.5 732.5 l 70.5 732.5 m 71.5 732.5 l 72.5 732.5 m 73.5 732.5 l 74.5 732.5 m 75.5 732.5 l 76.5 732.5 m 77.5 732.5 l 78.5 732.5 m 79.5 732.5 l 80.5 732.5 m 81.5 732.5 l 82.5 732.5 m 83.5 732.5 l 84.5 732.5 m 85.5 732.5 l 86.5 732.5 m 87.5 732.5 l 88.5 732.5 m 89.5 732.5 l 90.5 732.5 m 91.5 732.5 l 92.5 732.5 m 93.5 732.5 l 94.5 732.5 m 95.5 732.5 l 96.5 732.5 m 97.5 732.5 l 98.5 732.5 m 99.5 732.5 l 100.5 732.5 m 101.5 732.5 l 102.5 732.5 m 103.5 732.5 l 104.5 732.5 m 105.5 732.5 l 106.5 732.5 m 107.5 732.5 l 108.5 732.5 m 109.5 732.5 l 110.5 732.5 m 111.5 732.5 l 112.5 732.5 m 113.5 732.5 l 114.5 732.5 m 115.5 732.5 l 116.5 732.5 m 117.5 732.5 l 118.5 732.5 m 119.5 732.5 l 120.5 732.5 m 121.5 732.5 l 122.5 732.5 m 123.5 732.5 l 124.5 732.5 m 125.5 732.5 l 126.5 732.5 m 127.5 732.5 l 128.5 732.5 m 129.5 732.5 l 130.5 732.5 m 131.5 732.5 l 132.5 732.5 m 133.5 732.5 l 134.5 732.5 m 135.5 732.5 l 136.5 732.5 m 137.5 732.5 l 138.5 732.5 m 139.5 732.5 l 140.5 732.5 m 141.5 732.5 l 142.5 732.5 m 143.5 732.5 l 144.5 732.5 m 145.5 732.5 l 146.5 732.5 m 147.5 732.5 l 148.5 732.5 m 149.5 732.5 l 150.5 732.5 m 151.5 732.5 l 152.5 732.5 m 153.5 732.5 l 154.5 732.5 m 155.5 732.5 l 156.5 732.5 m 157.5 732.5 l 158.5 732.5 m 159.5 732.5 l 160.5 732.5 m 161.5 732.5 l 162.5 732.5 m 163.5 732.5 l 164.5 732.5 m 165.5 732.5 l 166.5 732.5 m 167.5 732.5 l 168.5 732.5 m 169.5 732.5 l 170.5 732.5 m 171.5 732.5 l 172.5 732.5 m 173.5 732.5 l 174.5 732.5 m 175.5 732.5 l 176.5 732.5 m 177.5 732.5 l 178.5 732.5 m 179.5 732.5 l 180.5 732.5 m 181.5 732.5 l 182.5 732.5 m 183.5 732.5 l 184.5 732.5 m 185.5 732.5 l 186.5 732.5 m 187.5 732.5 l 188.5 732.5 m 189.5 732.5 l 190.5 732.5 m 191.5 732.5 l 192.5 732.5 m 193.5 732.5 l 194.5 732.5 m 195.5 732.5 l 196.5 732.5 m 197.5 732.5 l 198.5 732.5 m 199.5 732.5 l 200.5 732.5 m 201.5 732.5 l 202.5 732.5 m 203.5 732.5 l 204.5 732.5 m 205.5 732.5 l 206.5 732.5 m 207.5 732.5 l 208.5 732.5 m 209.5 732.5 l 210.5 732.5 m 211.5 732.5 l 212.5 732.5 m 213.5 732.5 l 214.5 732.5 m 215.5 732.5 l 216.5 732.5 m 217.5 732.5 l 218.5 732.5 m 219.5 732.5 l 220.5 732.5 m 221.5 732.5 l 222.5 732.5 m 223.5 732.5 l 224.5 732.5 m 225.5 732.5 l 226.5 732.5 m 227.5 732.5 l 228.5 732.5 m 229.5 732.5 l 230.5 732.5 m 231.5 732.5 l 232.5 732.5 m 233.5 732.5 l 234.5 732.5 m 235.5 732.5 l 236.5 732.5 m 237.5 732.5 l 238.5 732.5 m 239.5 732.5 l 240.5 732.5 m 241.5 732.5 l 242.5 732.5 m 243.5 732.5 l 244.5 732.5 m 245.5 732.5 l 246.5 732.5 m 247.5 732.5 l 248.5 732.5 m 249.5 732.5 l 250.5 732.5 m 251.5 732.5 l 252.5 732.5 m 253.5 732.5 l 254.5 732.5 m 255.5 732.5 l 256.5 732.5 m 257.5 732.5 l 258.5 732.5 m 259.5 732.5 l 260.5 732.5 m 261.5 732.5 l 262.5 732.5 m 263.5 732.5 l 264.5 732.5 m 265.5 732.5 l 266.5 732.5 m 267.5 732.5 l 268.5 732.5 m 269.5 732.5 l 270.5 732.5 m 271.5 732.5 l 272.5 732.5 m 273.5 732.5 l 274.5 732.5 m 275.5 732.5 l 276.5 732.5 m 277.5 732.5 l 278.5 732.5 m 279.5 732.5 l 280.5 732.5 m 281.5 732.5 l 282.5 732.5 m 283.5 732.5 l 284.5 732.5 m 285.5 732.5 l 286.5 732.5 m 287.5 732.5 l 288.5 732.5 m 289.5 732.5 l 290.5 732.5 m 291.5 732.5 l 292.5 732.5 m 293.5 732.5 l 294.5 732.5 m 295.5 732.5 l 296.5 732.5 m 297.5 732.5 l 298.5 732.5 m 299.5 732.5 l 300.5 732.5 m 301.5 732.5 l 302.5 732.5 m 303.5 732.5 l 304.5 732.5 m 305.5 732.5 l 306.5 732.5 m 307.5 732.5 l 308.5 732.5 m 309.5 732.5 l 310.5 732.5 m 311.5 732.5 l 312.5 732.5 m 313.5 732.5 l 314.5 732.5 m 315.5 732.5 l 316.5 732.5 m 317.5 732.5 l 318.5 732.5 m 319.5 732.5 l 320.5 732.5 m 321.5 732.5 l 322.5 732.5 m 323.5 732.5 l 324.5 732.5 m 325.5 732.5 l 326.5 732.5 m 327.5 732.5 l 328.5 732.5 m 329.5 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732.5 l 544.5 732.5 m 545.5 732.5 l 546.5 732.5 m 547.5 732.5 l 548.5 732.5 m 549.5 732.5 l 550.5 732.5 m 551.5 732.5 l 552.5 732.5 m 553.5 732.5 l 554.5 732.5 m 555.5 732.5 l 556.5 732.5 m 557.5 732.5 l 558.5 732.5 m 559.5 732.5 l 560.5 732.5 m 561.5 732.5 l 562.5 732.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 737.68 Td (Share-Based Awards Available for Grant) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 716.20 Td (A summary of share-based awards available for grant under our 2005 Equity Incentive Plan for the fiscal periods indicated was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 705.40 Td (as follows:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 518.90 434.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 484.50 518.90 78.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 503.90 434.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 484.50 503.90 78.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 488.90 434.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 484.50 488.90 78.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 473.90 434.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 484.50 473.90 78.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 665.9 m 562.5 665.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 665.9 m 562.5 665.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 606.9 m 562.5 606.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 532.9 m 562.5 532.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 473.9 m 562.5 473.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 460.9 m 562.5 460.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 458.9 m 562.5 458.9 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 670.35 Td (\(Shares in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.70 686.35 Td (Shares ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.85 678.35 Td (Available) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.70 670.35 Td (for Grant) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 656.60 Td (Balance at July 31, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.95 656.60 Td (17,183) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 641.60 Td (Options granted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.25 641.60 Td (\(2,553) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.30 641.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 626.60 Td (Restricted stock units granted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.72 626.60 Td ( \(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.25 626.60 Td (\(9,364) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.30 626.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 611.60 Td (Share-based awards canceled/forfeited/expired ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 253.42 611.60 Td (\(1\)\(2\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.75 611.60 Td (3,724) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 597.60 Td (Balance at July 31, 2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.30 597.60 Td (8,990) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 582.60 Td (Additional shares authorized) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.75 582.60 Td (23,110) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 567.60 Td (Options granted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.25 567.60 Td (\(1,786) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.30 567.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 552.60 Td (Restricted stock units granted ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 182.22 552.60 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.25 552.60 Td (\(9,160) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.30 552.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 537.60 Td (Share-based awards canceled/forfeited/expired ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 253.42 537.60 Td (\(1\)\(2\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.75 537.60 Td (4,010) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 523.60 Td (Balance at July 31, 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.95 523.60 Td (25,164) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 59.00 508.60 Td (Options granted) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 541.75 508.60 Td (\(455) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 559.30 508.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 59.00 493.60 Td (Restricted stock units granted ) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 182.22 493.60 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 534.25 493.60 Td (\(6,504) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 559.30 493.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 59.00 478.60 Td (Share-based awards canceled/forfeited/expired ) Tj ET Q BT /F3 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 253.42 478.60 Td (\(1\)\(2\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 536.75 478.60 Td (4,586) Tj ET Q BT /F2 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 53.00 471.40 102.81 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 464.60 Td (Balance at July 31, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 529.95 464.60 Td (22,791) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 450.80 Td (________________________________) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 435.20 Td (\(1\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 435.20 Td (RSUs granted from the pool of shares available for grant under our 2005 Equity Incentive Plan reduce the pool by ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.17 435.20 Td (2.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.29 435.20 Td ( shares for ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 425.60 Td (each share granted. RSUs forfeited and returned to the pool of shares available for grant increase the pool by ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.09 425.60 Td (2.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.21 425.60 Td ( shares for each ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 416.00 Td (share forfeited.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 400.40 Td (\(2\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 400.40 Td (Stock options and RSUs canceled, expired or forfeited under our 2005 Equity Incentive Plan are returned to the pool of shares ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 390.80 Td (available for grant. Shares withheld for income taxes upon vesting of RSUs that were granted on or after July 21, 2016 are also ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 381.20 Td (returned to the pool of shares available for grant. Stock options and RSUs canceled, expired or forfeited under older expired plans ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 371.60 Td (are not returned to the pool of shares available for grant.) 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0 rg BT 468.75 631.40 Td (2,553) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.75 631.40 Td (113.08) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 616.40 Td (Exercised) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.25 616.40 Td (\(2,566) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.30 616.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.75 616.40 Td (48.93) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 601.40 Td (Canceled or expired) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.75 601.40 Td (\(354) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.30 601.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.75 601.40 Td (74.56) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 587.40 Td (Balance at July 31, 2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.30 587.40 Td (8,346) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.30 587.40 Td (88.55) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 572.40 Td (Granted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 468.75 572.40 Td (1,786) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.75 572.40 Td (135.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 557.40 Td (Exercised) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.25 557.40 Td (\(2,213) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.30 557.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.75 557.40 Td (69.12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 542.40 Td (Canceled or expired) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.75 542.40 Td (\(431) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.30 542.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.75 542.40 Td (104.78) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 528.40 Td (Balance at July 31, 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.30 528.40 Td (7,488) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.95 528.40 Td (104.50) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 59.00 513.40 Td (Granted) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 476.25 513.40 Td (455) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 531.75 513.40 Td (216.64) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 59.00 498.40 Td (Exercised) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 466.25 498.40 Td (\(2,416) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 491.30 498.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 536.75 498.40 Td (89.41) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 59.00 483.40 Td (Canceled or expired) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 473.75 483.40 Td (\(373) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 491.30 483.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 531.75 483.40 Td (121.31) Tj ET Q BT /F2 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 53.00 476.20 102.81 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 469.40 Td (Balance at July 31, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 467.30 469.40 Td (5,154) Tj ET Q BT /F2 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 524.65 469.40 Td ($120.26) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 442.40 Td (Information regarding stock options outstanding as of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.16 442.40 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.53 442.40 Td ( is summarized below:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 378.90 288.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 338.50 378.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 388.50 378.90 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.50 378.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 446.50 378.90 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 378.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 504.50 378.90 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 512.50 378.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 363.90 288.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 338.50 363.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 388.50 363.90 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.50 363.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 446.50 363.90 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 454.50 363.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 504.50 363.90 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 512.50 363.90 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 378.9 m 388.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 378.9 m 446.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 378.9 m 504.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 378.9 m 562.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 378.9 m 388.5 378.9 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.65 407.35 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.65 399.35 Td (of Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.45 391.35 Td (\(in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.70 383.35 Td (thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.60 423.35 Td (Weighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.25 415.35 Td (Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.35 407.35 Td (Remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.25 399.35 Td (Contractual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.15 391.35 Td (Life) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.15 383.35 Td (\(in Years\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 437.78 383.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.60 415.35 Td (Weighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.25 407.35 Td (Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.55 399.35 Td (Exercise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.15 391.35 Td (Price per) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 383.35 Td (Share) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.49 383.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.75 407.35 Td (Aggregate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 399.35 Td (Intrinsic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 391.35 Td (Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.95 383.35 Td (\(in millions\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.05 383.35 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 368.60 Td (Options outstanding) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 362.90 368.60 Td (5,154) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 425.45 368.60 Td (4.82) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 468.90 368.60 Td ($120.26) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 539.40 368.60 Td ($493) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 353.60 Td (Options exercisable) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 362.90 353.60 Td (2,933) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 425.45 353.60 Td (4.01) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 468.90 353.60 Td ($101.40) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 539.40 353.60 Td ($336) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 326.60 Td (The aggregate intrinsic values at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 183.55 326.60 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 236.92 326.60 Td ( are calculated as the difference between the exercise price of the underlying ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 315.80 Td (options and the market price of our common stock for shares that were in-the-money at that date. In-the-money options at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 305.00 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.37 305.00 Td ( were options that had exercise prices that were lower than the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.53 305.00 Td ($204.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.06 305.00 Td ( market price of our common stock at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 294.20 Td (that date. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 277.40 Td (Additional information regarding our stock options and ESPP shares is shown in the table below.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 251.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 236.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 221.90 50.00 -5.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 216.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 201.90 50.00 -5.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 196.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 181.90 50.00 -5.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 176.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 161.90 50.00 -5.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 156.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 141.90 50.00 -5.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 136.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 121.90 50.00 -5.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 116.90 50.00 -32.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 251.89999999999998 m 445 251.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 251.89999999999998 m 453 251.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 251.89999999999998 m 503 251.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 251.89999999999998 m 511 251.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 251.89999999999998 m 561 251.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 236.89999999999998 m 445 236.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 236.89999999999998 m 503 236.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 236.89999999999998 m 561 236.89999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.50 256.35 Td (Twelve Months Ended July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.50 241.35 Td (\(In millions except per share amounts\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 410.00 247.40 18.94 -8.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 410.00 241.35 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 468.00 241.35 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.00 241.35 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 226.60 Td (Weighted average fair value of options granted \(per share\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 226.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.40 226.60 Td (50.77) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 226.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.40 226.60 Td (25.54) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 226.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.40 226.60 Td (20.35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 206.60 Td (Total grant date fair value of options vested) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 206.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 431.90 206.60 Td (38) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 206.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.90 206.60 Td (37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 206.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.90 206.60 Td (32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 186.60 Td (Aggregate intrinsic value of options exercised) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 186.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 426.90 186.60 Td (188) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 186.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.90 186.60 Td (126) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 186.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.90 186.60 Td (134) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 166.60 Td (Share-based compensation expense for stock options and ESPP) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 166.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 431.90 166.60 Td (56) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 166.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.90 166.60 Td (52) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 166.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.90 166.60 Td (48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 146.60 Td (Total tax benefit for stock option and ESPP share-based compensation) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 146.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 431.90 146.60 Td (56) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 146.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.90 146.60 Td (49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 146.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.90 146.60 Td (13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 126.60 Td (Cash received from option exercises) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 126.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 426.90 126.60 Td (216) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 126.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.90 126.60 Td (153) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 126.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.90 126.60 Td (126) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 107.60 Td (Cash tax benefits realized related to tax deductions for non-qualified option) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 98.60 Td (exercises and disqualifying dispositions under all share-based payment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 89.60 Td (arrangements) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 89.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 431.90 89.60 Td (53) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 89.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.90 89.60 Td (46) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 89.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.90 89.60 Td (47) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 171 0 obj <>] /Rotate 0 /Contents 172 0 R>> endobj 172 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (84 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.01 742.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.38 742.20 Td (, there was approximately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 221.93 742.20 Td ($62 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 266.11 742.20 Td ( of unrecognized compensation cost related to non-vested stock options ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (with a weighted average vesting period of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.41 731.40 Td (2.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 235.92 731.40 Td (years. We will adjust unrecognized compensation cost for actual forfeitures as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (they occur.) Tj ET Q 50.5 685.1 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 685.1 l 52.5 685.1 m 53.5 685.1 l 54.5 685.1 m 55.5 685.1 l 56.5 685.1 m 57.5 685.1 l 58.5 685.1 m 59.5 685.1 l 60.5 685.1 m 61.5 685.1 l 62.5 685.1 m 63.5 685.1 l 64.5 685.1 m 65.5 685.1 l 66.5 685.1 m 67.5 685.1 l 68.5 685.1 m 69.5 685.1 l 70.5 685.1 m 71.5 685.1 l 72.5 685.1 m 73.5 685.1 l 74.5 685.1 m 75.5 685.1 l 76.5 685.1 m 77.5 685.1 l 78.5 685.1 m 79.5 685.1 l 80.5 685.1 m 81.5 685.1 l 82.5 685.1 m 83.5 685.1 l 84.5 685.1 m 85.5 685.1 l 86.5 685.1 m 87.5 685.1 l 88.5 685.1 m 89.5 685.1 l 90.5 685.1 m 91.5 685.1 l 92.5 685.1 m 93.5 685.1 l 94.5 685.1 m 95.5 685.1 l 96.5 685.1 m 97.5 685.1 l 98.5 685.1 m 99.5 685.1 l 100.5 685.1 m 101.5 685.1 l 102.5 685.1 m 103.5 685.1 l 104.5 685.1 m 105.5 685.1 l 106.5 685.1 m 107.5 685.1 l 108.5 685.1 m 109.5 685.1 l 110.5 685.1 m 111.5 685.1 l 112.5 685.1 m 113.5 685.1 l 114.5 685.1 m 115.5 685.1 l 116.5 685.1 m 117.5 685.1 l 118.5 685.1 m 119.5 685.1 l 120.5 685.1 m 121.5 685.1 l 122.5 685.1 m 123.5 685.1 l 124.5 685.1 m 125.5 685.1 l 126.5 685.1 m 127.5 685.1 l 128.5 685.1 m 129.5 685.1 l 130.5 685.1 m 131.5 685.1 l 132.5 685.1 m 133.5 685.1 l 134.5 685.1 m 135.5 685.1 l 136.5 685.1 m 137.5 685.1 l 138.5 685.1 m 139.5 685.1 l 140.5 685.1 m 141.5 685.1 l 142.5 685.1 m 143.5 685.1 l 144.5 685.1 m 145.5 685.1 l 146.5 685.1 m 147.5 685.1 l 148.5 685.1 m 149.5 685.1 l 150.5 685.1 m 151.5 685.1 l 152.5 685.1 m 153.5 685.1 l 154.5 685.1 m 155.5 685.1 l 156.5 685.1 m 157.5 685.1 l 158.5 685.1 m 159.5 685.1 l 160.5 685.1 m 161.5 685.1 l 162.5 685.1 m 163.5 685.1 l 164.5 685.1 m 165.5 685.1 l 166.5 685.1 m 167.5 685.1 l 168.5 685.1 m 169.5 685.1 l 170.5 685.1 m 171.5 685.1 l 172.5 685.1 m 173.5 685.1 l 174.5 685.1 m 175.5 685.1 l 176.5 685.1 m 177.5 685.1 l 178.5 685.1 m 179.5 685.1 l 180.5 685.1 m 181.5 685.1 l 182.5 685.1 m 183.5 685.1 l 184.5 685.1 m 185.5 685.1 l 186.5 685.1 m 187.5 685.1 l 188.5 685.1 m 189.5 685.1 l 190.5 685.1 m 191.5 685.1 l 192.5 685.1 m 193.5 685.1 l 194.5 685.1 m 195.5 685.1 l 196.5 685.1 m 197.5 685.1 l 198.5 685.1 m 199.5 685.1 l 200.5 685.1 m 201.5 685.1 l 202.5 685.1 m 203.5 685.1 l 204.5 685.1 m 205.5 685.1 l 206.5 685.1 m 207.5 685.1 l 208.5 685.1 m 209.5 685.1 l 210.5 685.1 m 211.5 685.1 l 212.5 685.1 m 213.5 685.1 l 214.5 685.1 m 215.5 685.1 l 216.5 685.1 m 217.5 685.1 l 218.5 685.1 m 219.5 685.1 l 220.5 685.1 m 221.5 685.1 l 222.5 685.1 m 223.5 685.1 l 224.5 685.1 m 225.5 685.1 l 226.5 685.1 m 227.5 685.1 l 228.5 685.1 m 229.5 685.1 l 230.5 685.1 m 231.5 685.1 l 232.5 685.1 m 233.5 685.1 l 234.5 685.1 m 235.5 685.1 l 236.5 685.1 m 237.5 685.1 l 238.5 685.1 m 239.5 685.1 l 240.5 685.1 m 241.5 685.1 l 242.5 685.1 m 243.5 685.1 l 244.5 685.1 m 245.5 685.1 l 246.5 685.1 m 247.5 685.1 l 248.5 685.1 m 249.5 685.1 l 250.5 685.1 m 251.5 685.1 l 252.5 685.1 m 253.5 685.1 l 254.5 685.1 m 255.5 685.1 l 256.5 685.1 m 257.5 685.1 l 258.5 685.1 m 259.5 685.1 l 260.5 685.1 m 261.5 685.1 l 262.5 685.1 m 263.5 685.1 l 264.5 685.1 m 265.5 685.1 l 266.5 685.1 m 267.5 685.1 l 268.5 685.1 m 269.5 685.1 l 270.5 685.1 m 271.5 685.1 l 272.5 685.1 m 273.5 685.1 l 274.5 685.1 m 275.5 685.1 l 276.5 685.1 m 277.5 685.1 l 278.5 685.1 m 279.5 685.1 l 280.5 685.1 m 281.5 685.1 l 282.5 685.1 m 283.5 685.1 l 284.5 685.1 m 285.5 685.1 l 286.5 685.1 m 287.5 685.1 l 288.5 685.1 m 289.5 685.1 l 290.5 685.1 m 291.5 685.1 l 292.5 685.1 m 293.5 685.1 l 294.5 685.1 m 295.5 685.1 l 296.5 685.1 m 297.5 685.1 l 298.5 685.1 m 299.5 685.1 l 300.5 685.1 m 301.5 685.1 l 302.5 685.1 m 303.5 685.1 l 304.5 685.1 m 305.5 685.1 l 306.5 685.1 m 307.5 685.1 l 308.5 685.1 m 309.5 685.1 l 310.5 685.1 m 311.5 685.1 l 312.5 685.1 m 313.5 685.1 l 314.5 685.1 m 315.5 685.1 l 316.5 685.1 m 317.5 685.1 l 318.5 685.1 m 319.5 685.1 l 320.5 685.1 m 321.5 685.1 l 322.5 685.1 m 323.5 685.1 l 324.5 685.1 m 325.5 685.1 l 326.5 685.1 m 327.5 685.1 l 328.5 685.1 m 329.5 685.1 l 330.5 685.1 m 331.5 685.1 l 332.5 685.1 m 333.5 685.1 l 334.5 685.1 m 335.5 685.1 l 336.5 685.1 m 337.5 685.1 l 338.5 685.1 m 339.5 685.1 l 340.5 685.1 m 341.5 685.1 l 342.5 685.1 m 343.5 685.1 l 344.5 685.1 m 345.5 685.1 l 346.5 685.1 m 347.5 685.1 l 348.5 685.1 m 349.5 685.1 l 350.5 685.1 m 351.5 685.1 l 352.5 685.1 m 353.5 685.1 l 354.5 685.1 m 355.5 685.1 l 356.5 685.1 m 357.5 685.1 l 358.5 685.1 m 359.5 685.1 l 360.5 685.1 m 361.5 685.1 l 362.5 685.1 m 363.5 685.1 l 364.5 685.1 m 365.5 685.1 l 366.5 685.1 m 367.5 685.1 l 368.5 685.1 m 369.5 685.1 l 370.5 685.1 m 371.5 685.1 l 372.5 685.1 m 373.5 685.1 l 374.5 685.1 m 375.5 685.1 l 376.5 685.1 m 377.5 685.1 l 378.5 685.1 m 379.5 685.1 l 380.5 685.1 m 381.5 685.1 l 382.5 685.1 m 383.5 685.1 l 384.5 685.1 m 385.5 685.1 l 386.5 685.1 m 387.5 685.1 l 388.5 685.1 m 389.5 685.1 l 390.5 685.1 m 391.5 685.1 l 392.5 685.1 m 393.5 685.1 l 394.5 685.1 m 395.5 685.1 l 396.5 685.1 m 397.5 685.1 l 398.5 685.1 m 399.5 685.1 l 400.5 685.1 m 401.5 685.1 l 402.5 685.1 m 403.5 685.1 l 404.5 685.1 m 405.5 685.1 l 406.5 685.1 m 407.5 685.1 l 408.5 685.1 m 409.5 685.1 l 410.5 685.1 m 411.5 685.1 l 412.5 685.1 m 413.5 685.1 l 414.5 685.1 m 415.5 685.1 l 416.5 685.1 m 417.5 685.1 l 418.5 685.1 m 419.5 685.1 l 420.5 685.1 m 421.5 685.1 l 422.5 685.1 m 423.5 685.1 l 424.5 685.1 m 425.5 685.1 l 426.5 685.1 m 427.5 685.1 l 428.5 685.1 m 429.5 685.1 l 430.5 685.1 m 431.5 685.1 l 432.5 685.1 m 433.5 685.1 l 434.5 685.1 m 435.5 685.1 l 436.5 685.1 m 437.5 685.1 l 438.5 685.1 m 439.5 685.1 l 440.5 685.1 m 441.5 685.1 l 442.5 685.1 m 443.5 685.1 l 444.5 685.1 m 445.5 685.1 l 446.5 685.1 m 447.5 685.1 l 448.5 685.1 m 449.5 685.1 l 450.5 685.1 m 451.5 685.1 l 452.5 685.1 m 453.5 685.1 l 454.5 685.1 m 455.5 685.1 l 456.5 685.1 m 457.5 685.1 l 458.5 685.1 m 459.5 685.1 l 460.5 685.1 m 461.5 685.1 l 462.5 685.1 m 463.5 685.1 l 464.5 685.1 m 465.5 685.1 l 466.5 685.1 m 467.5 685.1 l 468.5 685.1 m 469.5 685.1 l 470.5 685.1 m 471.5 685.1 l 472.5 685.1 m 473.5 685.1 l 474.5 685.1 m 475.5 685.1 l 476.5 685.1 m 477.5 685.1 l 478.5 685.1 m 479.5 685.1 l 480.5 685.1 m 481.5 685.1 l 482.5 685.1 m 483.5 685.1 l 484.5 685.1 m 485.5 685.1 l 486.5 685.1 m 487.5 685.1 l 488.5 685.1 m 489.5 685.1 l 490.5 685.1 m 491.5 685.1 l 492.5 685.1 m 493.5 685.1 l 494.5 685.1 m 495.5 685.1 l 496.5 685.1 m 497.5 685.1 l 498.5 685.1 m 499.5 685.1 l 500.5 685.1 m 501.5 685.1 l 502.5 685.1 m 503.5 685.1 l 504.5 685.1 m 505.5 685.1 l 506.5 685.1 m 507.5 685.1 l 508.5 685.1 m 509.5 685.1 l 510.5 685.1 m 511.5 685.1 l 512.5 685.1 m 513.5 685.1 l 514.5 685.1 m 515.5 685.1 l 516.5 685.1 m 517.5 685.1 l 518.5 685.1 m 519.5 685.1 l 520.5 685.1 m 521.5 685.1 l 522.5 685.1 m 523.5 685.1 l 524.5 685.1 m 525.5 685.1 l 526.5 685.1 m 527.5 685.1 l 528.5 685.1 m 529.5 685.1 l 530.5 685.1 m 531.5 685.1 l 532.5 685.1 m 533.5 685.1 l 534.5 685.1 m 535.5 685.1 l 536.5 685.1 m 537.5 685.1 l 538.5 685.1 m 539.5 685.1 l 540.5 685.1 m 541.5 685.1 l 542.5 685.1 m 543.5 685.1 l 544.5 685.1 m 545.5 685.1 l 546.5 685.1 m 547.5 685.1 l 548.5 685.1 m 549.5 685.1 l 550.5 685.1 m 551.5 685.1 l 552.5 685.1 m 553.5 685.1 l 554.5 685.1 m 555.5 685.1 l 556.5 685.1 m 557.5 685.1 l 558.5 685.1 m 559.5 685.1 l 560.5 685.1 m 561.5 685.1 l 562.5 685.1 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 690.28 Td (Restricted Stock Unit Activity and Related Share-Based Compensation Expense) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 668.80 Td (A summary of restricted stock unit \(RSU\)activity for the periods indicated was as follows:) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 489.30 400.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 489.30 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 500.50 489.30 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 508.50 489.30 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 474.30 400.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 474.30 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 500.50 474.30 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 508.50 474.30 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 459.30 400.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 459.30 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 500.50 459.30 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 508.50 459.30 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 444.30 400.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 444.30 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 500.50 444.30 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 508.50 444.30 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 429.30 400.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 450.50 429.30 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 500.50 429.30 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 508.50 429.30 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 621.3 m 500.5 621.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 621.3 m 558.5 621.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 621.3 m 500.5 621.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 562.3 m 500.5 562.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 503.3 m 500.5 503.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 429.3 m 500.5 429.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 416.3 m 500.5 416.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 414.3 m 500.5 414.3 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 625.75 Td (\(Shares in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.65 633.75 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.65 625.75 Td (of Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.60 649.75 Td (Weighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.25 641.75 Td (Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.10 633.75 Td (Grant Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.50 625.75 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 612.00 Td (Nonvested at July 31, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.30 612.00 Td (8,916) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.95 612.00 Td ($72.48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 597.00 Td (Granted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.75 597.00 Td (4,072) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.75 597.00 Td (99.30) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 582.00 Td (Vested) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.25 582.00 Td (\(2,392) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.30 582.00 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.75 582.00 Td (78.07) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 567.00 Td (Forfeited) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.25 567.00 Td (\(1,557) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.30 567.00 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.75 567.00 Td (77.03) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 553.00 Td (Nonvested at July 31, 2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.30 553.00 Td (9,039) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.30 553.00 Td (82.30) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 538.00 Td (Granted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.75 538.00 Td (3,983) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.75 538.00 Td (119.84) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 523.00 Td (Vested) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.25 523.00 Td (\(3,121) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.30 523.00 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.75 523.00 Td (86.93) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 508.00 Td (Forfeited) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.25 508.00 Td (\(1,265) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.30 508.00 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.75 508.00 Td (76.75) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 494.00 Td (Nonvested at July 31, 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.30 494.00 Td (8,636) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.30 494.00 Td (98.76) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 479.00 Td (Granted) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 474.75 479.00 Td (2,828) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 527.75 479.00 Td (185.53) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 464.00 Td (Unregistered restricted stock granted in connection with acquisitions) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 487.25 464.00 Td (75) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 527.75 464.00 Td (163.00) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 449.00 Td (Vested) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 472.25 449.00 Td (\(2,960) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 497.30 449.00 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 527.75 449.00 Td (105.71) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 434.00 Td (Forfeited) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 472.25 434.00 Td (\(1,196) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 497.30 434.00 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 532.75 434.00 Td (88.59) Tj ET Q BT /F2 9.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 53.00 426.80 116.29 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 420.00 Td (Nonvested at July 31, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 473.30 420.00 Td (7,383) Tj ET Q BT /F2 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 520.65 420.00 Td ($131.50) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 396.00 Td (Additional information regarding our RSUs is shown in the table below.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 370.50 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 355.50 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 340.50 50.00 -5.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 335.50 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 320.50 50.00 -5.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 315.50 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 300.50 50.00 -5.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.00 295.50 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 370.5 m 445 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 370.5 m 453 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 370.5 m 503 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 370.5 m 511 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 370.5 m 561 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 370.5 m 445 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 355.5 m 445 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 370.5 m 503 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 355.5 m 503 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 370.5 m 561 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 355.5 m 561 355.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.50 374.95 Td (Twelve Months Ended July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.50 359.95 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 410.00 366.00 18.94 -8.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 410.00 359.95 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 468.00 359.95 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.00 359.95 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 345.20 Td (Total fair market value of shares vested) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 345.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 426.90 345.20 Td (527) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 345.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.90 345.20 Td (388) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 345.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.90 345.20 Td (288) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 325.20 Td (Share-based compensation for RSUs) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 325.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 426.90 325.20 Td (326) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 325.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.90 325.20 Td (274) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 325.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.90 325.20 Td (230) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 305.20 Td (Total tax benefit related to RSU share-based compensation expense) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 305.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 426.90 305.20 Td (143) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 305.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.90 305.20 Td (130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 305.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.90 305.20 Td (73) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 285.20 Td (Cash tax benefits realized for tax deductions for RSUs) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 397.50 285.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 426.90 285.20 Td (142) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.50 285.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.90 285.20 Td (130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.50 285.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.90 285.20 Td (92) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 264.20 Td (At ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.01 264.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.38 264.20 Td (, there was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 161.74 264.20 Td ($820 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 210.92 264.20 Td ( of unrecognized compensation cost related to non-vested RSUs with a weighted ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 253.40 Td (average vesting period of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 156.23 253.40 Td (2.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 168.74 253.40 Td (years. We will adjust unrecognized compensation cost for actual forfeitures as they occur.) Tj ET Q 50.5 217.89999999999998 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 217.89999999999998 l 52.5 217.89999999999998 m 53.5 217.89999999999998 l 54.5 217.89999999999998 m 55.5 217.89999999999998 l 56.5 217.89999999999998 m 57.5 217.89999999999998 l 58.5 217.89999999999998 m 59.5 217.89999999999998 l 60.5 217.89999999999998 m 61.5 217.89999999999998 l 62.5 217.89999999999998 m 63.5 217.89999999999998 l 64.5 217.89999999999998 m 65.5 217.89999999999998 l 66.5 217.89999999999998 m 67.5 217.89999999999998 l 68.5 217.89999999999998 m 69.5 217.89999999999998 l 70.5 217.89999999999998 m 71.5 217.89999999999998 l 72.5 217.89999999999998 m 73.5 217.89999999999998 l 74.5 217.89999999999998 m 75.5 217.89999999999998 l 76.5 217.89999999999998 m 77.5 217.89999999999998 l 78.5 217.89999999999998 m 79.5 217.89999999999998 l 80.5 217.89999999999998 m 81.5 217.89999999999998 l 82.5 217.89999999999998 m 83.5 217.89999999999998 l 84.5 217.89999999999998 m 85.5 217.89999999999998 l 86.5 217.89999999999998 m 87.5 217.89999999999998 l 88.5 217.89999999999998 m 89.5 217.89999999999998 l 90.5 217.89999999999998 m 91.5 217.89999999999998 l 92.5 217.89999999999998 m 93.5 217.89999999999998 l 94.5 217.89999999999998 m 95.5 217.89999999999998 l 96.5 217.89999999999998 m 97.5 217.89999999999998 l 98.5 217.89999999999998 m 99.5 217.89999999999998 l 100.5 217.89999999999998 m 101.5 217.89999999999998 l 102.5 217.89999999999998 m 103.5 217.89999999999998 l 104.5 217.89999999999998 m 105.5 217.89999999999998 l 106.5 217.89999999999998 m 107.5 217.89999999999998 l 108.5 217.89999999999998 m 109.5 217.89999999999998 l 110.5 217.89999999999998 m 111.5 217.89999999999998 l 112.5 217.89999999999998 m 113.5 217.89999999999998 l 114.5 217.89999999999998 m 115.5 217.89999999999998 l 116.5 217.89999999999998 m 117.5 217.89999999999998 l 118.5 217.89999999999998 m 119.5 217.89999999999998 l 120.5 217.89999999999998 m 121.5 217.89999999999998 l 122.5 217.89999999999998 m 123.5 217.89999999999998 l 124.5 217.89999999999998 m 125.5 217.89999999999998 l 126.5 217.89999999999998 m 127.5 217.89999999999998 l 128.5 217.89999999999998 m 129.5 217.89999999999998 l 130.5 217.89999999999998 m 131.5 217.89999999999998 l 132.5 217.89999999999998 m 133.5 217.89999999999998 l 134.5 217.89999999999998 m 135.5 217.89999999999998 l 136.5 217.89999999999998 m 137.5 217.89999999999998 l 138.5 217.89999999999998 m 139.5 217.89999999999998 l 140.5 217.89999999999998 m 141.5 217.89999999999998 l 142.5 217.89999999999998 m 143.5 217.89999999999998 l 144.5 217.89999999999998 m 145.5 217.89999999999998 l 146.5 217.89999999999998 m 147.5 217.89999999999998 l 148.5 217.89999999999998 m 149.5 217.89999999999998 l 150.5 217.89999999999998 m 151.5 217.89999999999998 l 152.5 217.89999999999998 m 153.5 217.89999999999998 l 154.5 217.89999999999998 m 155.5 217.89999999999998 l 156.5 217.89999999999998 m 157.5 217.89999999999998 l 158.5 217.89999999999998 m 159.5 217.89999999999998 l 160.5 217.89999999999998 m 161.5 217.89999999999998 l 162.5 217.89999999999998 m 163.5 217.89999999999998 l 164.5 217.89999999999998 m 165.5 217.89999999999998 l 166.5 217.89999999999998 m 167.5 217.89999999999998 l 168.5 217.89999999999998 m 169.5 217.89999999999998 l 170.5 217.89999999999998 m 171.5 217.89999999999998 l 172.5 217.89999999999998 m 173.5 217.89999999999998 l 174.5 217.89999999999998 m 175.5 217.89999999999998 l 176.5 217.89999999999998 m 177.5 217.89999999999998 l 178.5 217.89999999999998 m 179.5 217.89999999999998 l 180.5 217.89999999999998 m 181.5 217.89999999999998 l 182.5 217.89999999999998 m 183.5 217.89999999999998 l 184.5 217.89999999999998 m 185.5 217.89999999999998 l 186.5 217.89999999999998 m 187.5 217.89999999999998 l 188.5 217.89999999999998 m 189.5 217.89999999999998 l 190.5 217.89999999999998 m 191.5 217.89999999999998 l 192.5 217.89999999999998 m 193.5 217.89999999999998 l 194.5 217.89999999999998 m 195.5 217.89999999999998 l 196.5 217.89999999999998 m 197.5 217.89999999999998 l 198.5 217.89999999999998 m 199.5 217.89999999999998 l 200.5 217.89999999999998 m 201.5 217.89999999999998 l 202.5 217.89999999999998 m 203.5 217.89999999999998 l 204.5 217.89999999999998 m 205.5 217.89999999999998 l 206.5 217.89999999999998 m 207.5 217.89999999999998 l 208.5 217.89999999999998 m 209.5 217.89999999999998 l 210.5 217.89999999999998 m 211.5 217.89999999999998 l 212.5 217.89999999999998 m 213.5 217.89999999999998 l 214.5 217.89999999999998 m 215.5 217.89999999999998 l 216.5 217.89999999999998 m 217.5 217.89999999999998 l 218.5 217.89999999999998 m 219.5 217.89999999999998 l 220.5 217.89999999999998 m 221.5 217.89999999999998 l 222.5 217.89999999999998 m 223.5 217.89999999999998 l 224.5 217.89999999999998 m 225.5 217.89999999999998 l 226.5 217.89999999999998 m 227.5 217.89999999999998 l 228.5 217.89999999999998 m 229.5 217.89999999999998 l 230.5 217.89999999999998 m 231.5 217.89999999999998 l 232.5 217.89999999999998 m 233.5 217.89999999999998 l 234.5 217.89999999999998 m 235.5 217.89999999999998 l 236.5 217.89999999999998 m 237.5 217.89999999999998 l 238.5 217.89999999999998 m 239.5 217.89999999999998 l 240.5 217.89999999999998 m 241.5 217.89999999999998 l 242.5 217.89999999999998 m 243.5 217.89999999999998 l 244.5 217.89999999999998 m 245.5 217.89999999999998 l 246.5 217.89999999999998 m 247.5 217.89999999999998 l 248.5 217.89999999999998 m 249.5 217.89999999999998 l 250.5 217.89999999999998 m 251.5 217.89999999999998 l 252.5 217.89999999999998 m 253.5 217.89999999999998 l 254.5 217.89999999999998 m 255.5 217.89999999999998 l 256.5 217.89999999999998 m 257.5 217.89999999999998 l 258.5 217.89999999999998 m 259.5 217.89999999999998 l 260.5 217.89999999999998 m 261.5 217.89999999999998 l 262.5 217.89999999999998 m 263.5 217.89999999999998 l 264.5 217.89999999999998 m 265.5 217.89999999999998 l 266.5 217.89999999999998 m 267.5 217.89999999999998 l 268.5 217.89999999999998 m 269.5 217.89999999999998 l 270.5 217.89999999999998 m 271.5 217.89999999999998 l 272.5 217.89999999999998 m 273.5 217.89999999999998 l 274.5 217.89999999999998 m 275.5 217.89999999999998 l 276.5 217.89999999999998 m 277.5 217.89999999999998 l 278.5 217.89999999999998 m 279.5 217.89999999999998 l 280.5 217.89999999999998 m 281.5 217.89999999999998 l 282.5 217.89999999999998 m 283.5 217.89999999999998 l 284.5 217.89999999999998 m 285.5 217.89999999999998 l 286.5 217.89999999999998 m 287.5 217.89999999999998 l 288.5 217.89999999999998 m 289.5 217.89999999999998 l 290.5 217.89999999999998 m 291.5 217.89999999999998 l 292.5 217.89999999999998 m 293.5 217.89999999999998 l 294.5 217.89999999999998 m 295.5 217.89999999999998 l 296.5 217.89999999999998 m 297.5 217.89999999999998 l 298.5 217.89999999999998 m 299.5 217.89999999999998 l 300.5 217.89999999999998 m 301.5 217.89999999999998 l 302.5 217.89999999999998 m 303.5 217.89999999999998 l 304.5 217.89999999999998 m 305.5 217.89999999999998 l 306.5 217.89999999999998 m 307.5 217.89999999999998 l 308.5 217.89999999999998 m 309.5 217.89999999999998 l 310.5 217.89999999999998 m 311.5 217.89999999999998 l 312.5 217.89999999999998 m 313.5 217.89999999999998 l 314.5 217.89999999999998 m 315.5 217.89999999999998 l 316.5 217.89999999999998 m 317.5 217.89999999999998 l 318.5 217.89999999999998 m 319.5 217.89999999999998 l 320.5 217.89999999999998 m 321.5 217.89999999999998 l 322.5 217.89999999999998 m 323.5 217.89999999999998 l 324.5 217.89999999999998 m 325.5 217.89999999999998 l 326.5 217.89999999999998 m 327.5 217.89999999999998 l 328.5 217.89999999999998 m 329.5 217.89999999999998 l 330.5 217.89999999999998 m 331.5 217.89999999999998 l 332.5 217.89999999999998 m 333.5 217.89999999999998 l 334.5 217.89999999999998 m 335.5 217.89999999999998 l 336.5 217.89999999999998 m 337.5 217.89999999999998 l 338.5 217.89999999999998 m 339.5 217.89999999999998 l 340.5 217.89999999999998 m 341.5 217.89999999999998 l 342.5 217.89999999999998 m 343.5 217.89999999999998 l 344.5 217.89999999999998 m 345.5 217.89999999999998 l 346.5 217.89999999999998 m 347.5 217.89999999999998 l 348.5 217.89999999999998 m 349.5 217.89999999999998 l 350.5 217.89999999999998 m 351.5 217.89999999999998 l 352.5 217.89999999999998 m 353.5 217.89999999999998 l 354.5 217.89999999999998 m 355.5 217.89999999999998 l 356.5 217.89999999999998 m 357.5 217.89999999999998 l 358.5 217.89999999999998 m 359.5 217.89999999999998 l 360.5 217.89999999999998 m 361.5 217.89999999999998 l 362.5 217.89999999999998 m 363.5 217.89999999999998 l 364.5 217.89999999999998 m 365.5 217.89999999999998 l 366.5 217.89999999999998 m 367.5 217.89999999999998 l 368.5 217.89999999999998 m 369.5 217.89999999999998 l 370.5 217.89999999999998 m 371.5 217.89999999999998 l 372.5 217.89999999999998 m 373.5 217.89999999999998 l 374.5 217.89999999999998 m 375.5 217.89999999999998 l 376.5 217.89999999999998 m 377.5 217.89999999999998 l 378.5 217.89999999999998 m 379.5 217.89999999999998 l 380.5 217.89999999999998 m 381.5 217.89999999999998 l 382.5 217.89999999999998 m 383.5 217.89999999999998 l 384.5 217.89999999999998 m 385.5 217.89999999999998 l 386.5 217.89999999999998 m 387.5 217.89999999999998 l 388.5 217.89999999999998 m 389.5 217.89999999999998 l 390.5 217.89999999999998 m 391.5 217.89999999999998 l 392.5 217.89999999999998 m 393.5 217.89999999999998 l 394.5 217.89999999999998 m 395.5 217.89999999999998 l 396.5 217.89999999999998 m 397.5 217.89999999999998 l 398.5 217.89999999999998 m 399.5 217.89999999999998 l 400.5 217.89999999999998 m 401.5 217.89999999999998 l 402.5 217.89999999999998 m 403.5 217.89999999999998 l 404.5 217.89999999999998 m 405.5 217.89999999999998 l 406.5 217.89999999999998 m 407.5 217.89999999999998 l 408.5 217.89999999999998 m 409.5 217.89999999999998 l 410.5 217.89999999999998 m 411.5 217.89999999999998 l 412.5 217.89999999999998 m 413.5 217.89999999999998 l 414.5 217.89999999999998 m 415.5 217.89999999999998 l 416.5 217.89999999999998 m 417.5 217.89999999999998 l 418.5 217.89999999999998 m 419.5 217.89999999999998 l 420.5 217.89999999999998 m 421.5 217.89999999999998 l 422.5 217.89999999999998 m 423.5 217.89999999999998 l 424.5 217.89999999999998 m 425.5 217.89999999999998 l 426.5 217.89999999999998 m 427.5 217.89999999999998 l 428.5 217.89999999999998 m 429.5 217.89999999999998 l 430.5 217.89999999999998 m 431.5 217.89999999999998 l 432.5 217.89999999999998 m 433.5 217.89999999999998 l 434.5 217.89999999999998 m 435.5 217.89999999999998 l 436.5 217.89999999999998 m 437.5 217.89999999999998 l 438.5 217.89999999999998 m 439.5 217.89999999999998 l 440.5 217.89999999999998 m 441.5 217.89999999999998 l 442.5 217.89999999999998 m 443.5 217.89999999999998 l 444.5 217.89999999999998 m 445.5 217.89999999999998 l 446.5 217.89999999999998 m 447.5 217.89999999999998 l 448.5 217.89999999999998 m 449.5 217.89999999999998 l 450.5 217.89999999999998 m 451.5 217.89999999999998 l 452.5 217.89999999999998 m 453.5 217.89999999999998 l 454.5 217.89999999999998 m 455.5 217.89999999999998 l 456.5 217.89999999999998 m 457.5 217.89999999999998 l 458.5 217.89999999999998 m 459.5 217.89999999999998 l 460.5 217.89999999999998 m 461.5 217.89999999999998 l 462.5 217.89999999999998 m 463.5 217.89999999999998 l 464.5 217.89999999999998 m 465.5 217.89999999999998 l 466.5 217.89999999999998 m 467.5 217.89999999999998 l 468.5 217.89999999999998 m 469.5 217.89999999999998 l 470.5 217.89999999999998 m 471.5 217.89999999999998 l 472.5 217.89999999999998 m 473.5 217.89999999999998 l 474.5 217.89999999999998 m 475.5 217.89999999999998 l 476.5 217.89999999999998 m 477.5 217.89999999999998 l 478.5 217.89999999999998 m 479.5 217.89999999999998 l 480.5 217.89999999999998 m 481.5 217.89999999999998 l 482.5 217.89999999999998 m 483.5 217.89999999999998 l 484.5 217.89999999999998 m 485.5 217.89999999999998 l 486.5 217.89999999999998 m 487.5 217.89999999999998 l 488.5 217.89999999999998 m 489.5 217.89999999999998 l 490.5 217.89999999999998 m 491.5 217.89999999999998 l 492.5 217.89999999999998 m 493.5 217.89999999999998 l 494.5 217.89999999999998 m 495.5 217.89999999999998 l 496.5 217.89999999999998 m 497.5 217.89999999999998 l 498.5 217.89999999999998 m 499.5 217.89999999999998 l 500.5 217.89999999999998 m 501.5 217.89999999999998 l 502.5 217.89999999999998 m 503.5 217.89999999999998 l 504.5 217.89999999999998 m 505.5 217.89999999999998 l 506.5 217.89999999999998 m 507.5 217.89999999999998 l 508.5 217.89999999999998 m 509.5 217.89999999999998 l 510.5 217.89999999999998 m 511.5 217.89999999999998 l 512.5 217.89999999999998 m 513.5 217.89999999999998 l 514.5 217.89999999999998 m 515.5 217.89999999999998 l 516.5 217.89999999999998 m 517.5 217.89999999999998 l 518.5 217.89999999999998 m 519.5 217.89999999999998 l 520.5 217.89999999999998 m 521.5 217.89999999999998 l 522.5 217.89999999999998 m 523.5 217.89999999999998 l 524.5 217.89999999999998 m 525.5 217.89999999999998 l 526.5 217.89999999999998 m 527.5 217.89999999999998 l 528.5 217.89999999999998 m 529.5 217.89999999999998 l 530.5 217.89999999999998 m 531.5 217.89999999999998 l 532.5 217.89999999999998 m 533.5 217.89999999999998 l 534.5 217.89999999999998 m 535.5 217.89999999999998 l 536.5 217.89999999999998 m 537.5 217.89999999999998 l 538.5 217.89999999999998 m 539.5 217.89999999999998 l 540.5 217.89999999999998 m 541.5 217.89999999999998 l 542.5 217.89999999999998 m 543.5 217.89999999999998 l 544.5 217.89999999999998 m 545.5 217.89999999999998 l 546.5 217.89999999999998 m 547.5 217.89999999999998 l 548.5 217.89999999999998 m 549.5 217.89999999999998 l 550.5 217.89999999999998 m 551.5 217.89999999999998 l 552.5 217.89999999999998 m 553.5 217.89999999999998 l 554.5 217.89999999999998 m 555.5 217.89999999999998 l 556.5 217.89999999999998 m 557.5 217.89999999999998 l 558.5 217.89999999999998 m 559.5 217.89999999999998 l 560.5 217.89999999999998 m 561.5 217.89999999999998 l 562.5 217.89999999999998 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 223.08 Td (Accumulated Other Comprehensive Loss) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 201.60 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 116.56 201.60 Td (income ) Tj ET Q q 0 0 0 rg BT 149.44 201.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 184.32 201.60 Td (of ) Tj ET Q q 0 0 0 rg BT 195.86 201.60 Td (two ) Tj ET Q q 0 0 0 rg BT 214.40 201.60 Td (elements, ) Tj ET Q q 0 0 0 rg BT 257.11 201.60 Td (net ) Tj ET Q q 0 0 0 rg BT 273.64 201.60 Td (income ) Tj ET Q q 0 0 0 rg BT 306.52 201.60 Td (and ) Tj ET Q q 0 0 0 rg BT 325.05 201.60 Td (other ) Tj ET Q q 0 0 0 rg BT 350.10 201.60 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 414.67 201.60 Td (income ) Tj ET Q q 0 0 0 rg BT 447.55 201.60 Td (\(loss\). ) Tj ET Q q 0 0 0 rg BT 473.58 201.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 500.79 201.60 Td (comprehensive ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 190.80 Td (income ) Tj ET Q q 0 0 0 rg BT 82.27 190.80 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 105.20 190.80 Td (items ) Tj ET Q q 0 0 0 rg BT 129.78 190.80 Td (are ) Tj ET Q q 0 0 0 rg BT 145.21 190.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 184.66 190.80 Td (in ) Tj ET Q q 0 0 0 rg BT 194.57 190.80 Td (the ) Tj ET Q q 0 0 0 rg BT 210.49 190.80 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 266.95 190.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 294.87 190.80 Td (section ) Tj ET Q q 0 0 0 rg BT 326.47 190.80 Td (of ) Tj ET Q q 0 0 0 rg BT 337.40 190.80 Td (our ) Tj ET Q q 0 0 0 rg BT 353.67 190.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 387.76 190.80 Td (sheets ) Tj ET Q q 0 0 0 rg BT 416.36 190.80 Td (and ) Tj ET Q q 0 0 0 rg BT 434.28 190.80 Td (excluded ) Tj ET Q q 0 0 0 rg BT 474.04 190.80 Td (from ) Tj ET Q q 0 0 0 rg BT 495.64 190.80 Td (net ) Tj ET Q q 0 0 0 rg BT 511.56 190.80 Td (income. ) Tj ET Q q 0 0 0 rg BT 546.33 190.80 Td (Our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 180.00 Td (other ) Tj ET Q q 0 0 0 rg BT 74.30 180.00 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 138.13 180.00 Td (income ) Tj ET Q q 0 0 0 rg BT 170.26 180.00 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 193.05 180.00 Td (consists ) Tj ET Q q 0 0 0 rg BT 227.18 180.00 Td (of ) Tj ET Q q 0 0 0 rg BT 237.98 180.00 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 282.10 180.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 305.88 180.00 Td (and ) Tj ET Q q 0 0 0 rg BT 323.67 180.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 350.29 180.00 Td (on ) Tj ET Q q 0 0 0 rg BT 363.25 180.00 Td (marketable ) Tj ET Q q 0 0 0 rg BT 411.38 180.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 433.16 180.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 473.45 180.00 Td (classified ) Tj ET Q q 0 0 0 rg BT 512.56 180.00 Td (as ) Tj ET Q q 0 0 0 rg BT 523.68 180.00 Td (available-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 169.20 Td (for-sale ) Tj ET Q q 0 0 0 rg BT 82.02 169.20 Td (and ) Tj ET Q q 0 0 0 rg BT 99.70 169.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 131.05 169.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 167.75 169.20 Td (translation ) Tj ET Q q 0 0 0 rg BT 212.61 169.20 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 264.13 169.20 Td (for ) Tj ET Q q 0 0 0 rg BT 277.98 169.20 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 327.31 169.20 Td (with ) Tj ET Q q 0 0 0 rg BT 346.81 169.20 Td (functional ) Tj ET Q q 0 0 0 rg BT 389.00 169.20 Td (currencies ) Tj ET Q q 0 0 0 rg BT 432.36 169.20 Td (other ) Tj ET Q q 0 0 0 rg BT 456.55 169.20 Td (than ) Tj ET Q q 0 0 0 rg BT 476.90 169.20 Td (the ) Tj ET Q q 0 0 0 rg BT 492.58 169.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 511.43 169.20 Td (dollar. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 152.40 Td (The following table shows the components of accumulated other comprehensive loss, net of income taxes, in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 141.60 Td (stockholders equity section of our balance sheets at the dates indicated.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 119.10 50.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 107.10 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 92.10 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 77.10 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 119.10000000000002 m 501.5 119.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 119.10000000000002 m 509.5 119.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 119.10000000000002 m 559.5 119.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 119.10000000000002 m 501.5 119.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 107.10000000000002 m 501.5 107.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 119.10000000000002 m 559.5 119.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 107.10000000000002 m 559.5 107.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 77.10000000000002 m 501.5 77.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 77.10000000000002 m 559.5 77.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 77.10000000000002 m 501.5 77.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 63.10000000000002 m 501.5 63.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 61.10000000000002 m 501.5 61.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 77.10000000000002 m 559.5 77.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 63.10000000000002 m 559.5 63.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 61.10000000000002 m 559.5 61.10000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.45 122.55 Td (July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 54.00 110.55 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 466.50 116.60 18.94 -8.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 466.50 110.55 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 524.50 110.55 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 54.00 96.80 Td (Unrealized losses on available-for-sale debt securities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 454.00 96.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 490.90 96.80 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 498.45 96.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 512.00 96.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.45 96.80 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 54.00 81.80 Td (Foreign currency translation adjustments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 485.90 81.80 Td (\(33) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 498.45 81.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 543.90 81.80 Td (\(22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 556.45 81.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.00 66.80 Td (Total accumulated other comprehensive loss) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 454.00 66.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 485.90 66.80 Td (\(35) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 498.45 66.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 512.00 66.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.90 66.80 Td (\(22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 556.45 66.80 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 173 0 obj <>] /Rotate 0 /Contents 174 0 R>> endobj 174 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (85 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 748.50 512.00 -18.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 730.5 m 562.5 730.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 736.17 Td (12. Benefit Plans) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 50.5 695.5 m 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 695.5 l 52.5 695.5 m 53.5 695.5 l 54.5 695.5 m 55.5 695.5 l 56.5 695.5 m 57.5 695.5 l 58.5 695.5 m 59.5 695.5 l 60.5 695.5 m 61.5 695.5 l 62.5 695.5 m 63.5 695.5 l 64.5 695.5 m 65.5 695.5 l 66.5 695.5 m 67.5 695.5 l 68.5 695.5 m 69.5 695.5 l 70.5 695.5 m 71.5 695.5 l 72.5 695.5 m 73.5 695.5 l 74.5 695.5 m 75.5 695.5 l 76.5 695.5 m 77.5 695.5 l 78.5 695.5 m 79.5 695.5 l 80.5 695.5 m 81.5 695.5 l 82.5 695.5 m 83.5 695.5 l 84.5 695.5 m 85.5 695.5 l 86.5 695.5 m 87.5 695.5 l 88.5 695.5 m 89.5 695.5 l 90.5 695.5 m 91.5 695.5 l 92.5 695.5 m 93.5 695.5 l 94.5 695.5 m 95.5 695.5 l 96.5 695.5 m 97.5 695.5 l 98.5 695.5 m 99.5 695.5 l 100.5 695.5 m 101.5 695.5 l 102.5 695.5 m 103.5 695.5 l 104.5 695.5 m 105.5 695.5 l 106.5 695.5 m 107.5 695.5 l 108.5 695.5 m 109.5 695.5 l 110.5 695.5 m 111.5 695.5 l 112.5 695.5 m 113.5 695.5 l 114.5 695.5 m 115.5 695.5 l 116.5 695.5 m 117.5 695.5 l 118.5 695.5 m 119.5 695.5 l 120.5 695.5 m 121.5 695.5 l 122.5 695.5 m 123.5 695.5 l 124.5 695.5 m 125.5 695.5 l 126.5 695.5 m 127.5 695.5 l 128.5 695.5 m 129.5 695.5 l 130.5 695.5 m 131.5 695.5 l 132.5 695.5 m 133.5 695.5 l 134.5 695.5 m 135.5 695.5 l 136.5 695.5 m 137.5 695.5 l 138.5 695.5 m 139.5 695.5 l 140.5 695.5 m 141.5 695.5 l 142.5 695.5 m 143.5 695.5 l 144.5 695.5 m 145.5 695.5 l 146.5 695.5 m 147.5 695.5 l 148.5 695.5 m 149.5 695.5 l 150.5 695.5 m 151.5 695.5 l 152.5 695.5 m 153.5 695.5 l 154.5 695.5 m 155.5 695.5 l 156.5 695.5 m 157.5 695.5 l 158.5 695.5 m 159.5 695.5 l 160.5 695.5 m 161.5 695.5 l 162.5 695.5 m 163.5 695.5 l 164.5 695.5 m 165.5 695.5 l 166.5 695.5 m 167.5 695.5 l 168.5 695.5 m 169.5 695.5 l 170.5 695.5 m 171.5 695.5 l 172.5 695.5 m 173.5 695.5 l 174.5 695.5 m 175.5 695.5 l 176.5 695.5 m 177.5 695.5 l 178.5 695.5 m 179.5 695.5 l 180.5 695.5 m 181.5 695.5 l 182.5 695.5 m 183.5 695.5 l 184.5 695.5 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695.5 l 542.5 695.5 m 543.5 695.5 l 544.5 695.5 m 545.5 695.5 l 546.5 695.5 m 547.5 695.5 l 548.5 695.5 m 549.5 695.5 l 550.5 695.5 m 551.5 695.5 l 552.5 695.5 m 553.5 695.5 l 554.5 695.5 m 555.5 695.5 l 556.5 695.5 m 557.5 695.5 l 558.5 695.5 m 559.5 695.5 l 560.5 695.5 m 561.5 695.5 l 562.5 695.5 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 700.68 Td (Non-Qualified Deferred Compensation Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 676.20 Td (Intuits Non-Qualified Deferred Compensation Plan provides that executives who meet minimum compensation requirements ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 665.40 Td (are eligible to defer up to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 156.38 665.40 Td (75%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 173.88 665.40 Td ( of their salaries and up to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.78 665.40 Td (75%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.28 665.40 Td ( of their bonuses. We have agreed to credit the participants ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 654.60 Td (contributions with earnings that reflect the performance of certain independent investment funds. We do not guarantee ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 643.80 Td (above-market interest on account balances. We may also make discretionary employer contributions to participant accounts in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 633.00 Td (certain circumstances. The timing, amounts, and vesting schedules of employer contributions are at the sole discretion of the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 622.20 Td (Compensation and Organizational Development Committee of our Board of Directors or its delegate. The benefits under this ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 611.40 Td (plan are unsecured and are general assets of Intuit. Participants are generally eligible to receive payment of their vested ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 600.60 Td (benefit at the end of their elected deferral period or after termination of their employment with Intuit for any reason or at a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 589.80 Td (later date to comply with the restrictions of Section409A of the Internal Revenue Code. Participants may elect to receive their ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 579.00 Td (payments in a lump sum or installments. Discretionary company contributions and the related earnings vest completely upon ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 568.20 Td (the participants disability, death, or a change in control of Intuit. We made no employer contributions to the plan for any ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 557.40 Td (period presented.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 540.60 Td (We had liabilities related to this plan of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 210.28 540.60 Td ($97) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 225.29 540.60 Td (million at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 267.30 540.60 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.67 540.60 Td ( and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.84 540.60 Td ($83) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.85 540.60 Td (million at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 397.86 540.60 Td (July31, 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.23 540.60 Td (. We have matched the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 529.80 Td (plan liabilities with similar-performing assets, which are primarily investments in life insurance contracts. These assets are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 519.00 Td (recorded in other long-term assets while liabilities related to obligations are recorded in other current liabilities on our balance ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 508.20 Td (sheets.) 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472.7 m 547.5 472.7 l 548.5 472.7 m 549.5 472.7 l 550.5 472.7 m 551.5 472.7 l 552.5 472.7 m 553.5 472.7 l 554.5 472.7 m 555.5 472.7 l 556.5 472.7 m 557.5 472.7 l 558.5 472.7 m 559.5 472.7 l 560.5 472.7 m 561.5 472.7 l 562.5 472.7 m s BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 477.88 Td (401\(k\) Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 456.40 Td (In the United States, employees who participate in the Intuit Inc. 401\(k\) Plan may currently contribute up to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.25 456.40 Td (50%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.76 456.40 Td ( of pre-tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 445.60 Td (compensation, subject to Internal Revenue Service limitations and the terms and conditions of the plan. We match a portion of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 434.80 Td (employee contributions, currently ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 188.42 434.80 Td (125%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 210.93 434.80 Td ( up to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.45 434.80 Td (six percent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.47 434.80 Td ( of salary, subject to Internal Revenue Service limitations. Matching ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 424.00 Td (contributions were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 127.89 424.00 Td ($50) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 142.90 424.00 Td (million for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 293.97 424.00 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.34 424.00 Td (; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.34 424.00 Td ($49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.36 424.00 Td ( million for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.43 424.00 Td (July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 413.20 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 413.20 Td (; and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 92.70 413.20 Td ($46) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 107.71 413.20 Td (million for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.78 413.20 Td (July31, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.15 413.20 Td (.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 384.70 512.00 -18.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 366.7 m 562.5 366.7 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 372.37 Td (13. Litigation) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 347.40 Td (In fiscal 2015 Intuit was contacted by certain state and federal regulatory authorities in connection with inquiries regarding an ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 336.60 Td (increase during the 2015 tax season in attempts by criminals using stolen identity information to file fraudulent tax returns and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 325.80 Td (claim refunds. Intuit provided information in response to those inquiries and now believes those inquiries are resolved.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 309.00 Td (A consolidated putative class action lawsuit was filed by individuals who claim to have suffered damages in connection with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 298.20 Td (the 2015 events.On May 23, 2018, the parties reached a settlement in principle of this matter, which is subject to preliminary ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 287.40 Td (and final approval by the court. On August 23, 2018, the parties filed a motion for preliminary approval of the settlement. A ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 276.60 Td (preliminary approval hearing is scheduled to be heard on October 4, 2018. The terms of the proposed settlement are not ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 265.80 Td (material to our consolidated financial statements. In the event the settlement does not receive final approval by the court, the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 255.00 Td (litigation may resume and we may not be able to predict the outcome of such lawsuit. We continue to believe that the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 244.20 Td (allegations in this lawsuit are without merit.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 227.40 Td (Intuit is subject to certain routine legal proceedings, including class action lawsuits like the suit described above, as well as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 216.60 Td (demands, claims, government inquiries and threatened litigation, that arise in the normal course of our business, including ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 205.80 Td (assertions that we may be infringing patents or other intellectual property rights of others. We currently believe that, in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 195.00 Td (addition to any amounts accrued, the amount of potential losses, if any, for any pending claims of any type \(either alone or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 184.20 Td (combined\) will not have a material impact on our consolidated financial statements. The ultimate outcome of any litigation is ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 173.40 Td (uncertain and, regardless of outcome, litigation can have an adverse impact on Intuit because of defense costs, negative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 162.60 Td (publicity, diversion of management resources and other factors. Our failure to obtain necessary license or other rights, or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 151.85 Td (litigation arising out of intellectual property claims could adversely affect our business.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 123.35 512.00 -18.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 105.35000000000002 m 562.5 105.35000000000002 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 111.02 Td (14. Segment Information) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 86.05 Td (In August 2017, we aligned our segment reporting for fiscal 2018 with our core customers and business partners.The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 75.25 Td (Consumer Ecosystem offering moved from the Small Business segment into the Consumer Tax segment. The company also ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 64.45 Td (renamed the Small Business, Consumer Tax, and ProConnect segments as the Small Business & Self-Employed, Consumer, and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 53.65 Td (Strategic Partner segments, respectively. The Strategic Partner segment will continue to manage our professional tax ) Tj ET Q endstream endobj 175 0 obj <>] /Rotate 0 /Contents 176 0 R>> endobj 176 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (86 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (offerings. We have reclassified certain amounts related to our reportable segments previously reported in our financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (statements to conform to the current presentation.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 714.60 Td (We have defined ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 120.78 714.60 Td (three) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 141.96 714.60 Td ( reportable segments, described below, based on factors such as how we manage our operations and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 703.80 Td (how our chief operating decision maker views results. We define the chief operating decision maker as our Chief Executive ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 693.00 Td (Officer and our Chief Financial Officer. Our chief operating decision maker organizes and manages our business primarily on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 682.20 Td (the basis of product and service offerings.) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 671.70 512.00 -124.00 re f /GS0 gs BT /F5 1.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 71.00 668.44 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 71.00 654.64 Td (Small Business & Self-Employed) Tj ET Q BT /F2 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 219.73 654.64 Td (:) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 222.69 654.64 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 225.47 654.64 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 228.25 654.64 Td (This segment targets small businesses and the self-employed around the globe, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 645.40 Td (and the accounting professionals who serve and advise them. Our offerings include QuickBooks financial and business ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 636.40 Td (management online services and desktop software, payroll solutions, payment processing solutions, and financing for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 627.40 Td (small businesses. ) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 71.00 611.64 Td (Consumer) Tj ET Q BT /F2 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 118.20 611.64 Td (:) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 121.16 611.64 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 124.12 611.64 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 126.90 611.64 Td (This segment targets consumers and includes do-it-yourself and assisted TurboTax income tax preparation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 602.40 Td (products and services sold in the U.S. and Canada. Our Mint and Turbo offerings target consumers and help them ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 593.40 Td (understand and improve their financial lives by offering a view of their financial health.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 71.00 577.64 Td (Strategic Partner) Tj ET Q BT /F2 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 150.83 577.64 Td (:) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 153.79 577.64 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 159.35 577.64 Td (This segment targets professional accountants in the U.S. and Canada, who are essential to both ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 568.40 Td (small business success and tax preparation and filing. Our professional tax offerings include Lacerte, ProSeries, ProFile, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 559.40 Td (and ProConnect Tax Online. ) Tj ET Q BT /F3 1.00 Tf ET q 0 0 0 rg BT 71.00 550.44 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 528.40 Td (All of our segments operate primarily in the United States and sell primarily to customers in the United States. International ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 517.60 Td (total net revenue was less than ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 176.92 517.60 Td (5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 189.42 517.60 Td ( of consolidated total net revenue for the twelve months ended July31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.46 517.60 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.47 517.60 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 506.48 517.60 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.49 517.60 Td ( and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 506.80 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.02 506.80 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 490.00 Td (We include expenses such as corporate selling and marketing, product development, general and administrative expenses and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 479.20 Td (share-based compensation expenses, which are not allocated to specific segments, in unallocated corporate items. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 468.40 Td (Unallocated corporate items also include amortization of acquired technology, amortization of other acquired intangible ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 457.60 Td (assets, and goodwill and intangible asset impairment charges.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 440.80 Td (The accounting policies of our reportable segments are the same as those described in the summary of significant accounting ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 430.00 Td (policies in Note 1. Except for goodwill and purchased intangible assets, we do not generally track assets by reportable ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 419.20 Td (segment and, consequently, we do not disclose total assets by reportable segment. See Note 5, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 440.74 419.20 Td (Goodwill and Acquired ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 408.40 Td (Intangible Assets,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 126.19 408.40 Td ( for goodwill by reportable segment.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 391.60 Td (The following table shows our financial results by reportable segment for the periods indicated. Segment results for fiscal 2017 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 380.80 Td (and 2016 have been reclassified to conform to the fiscal 2018 segment presentation, as described earlier in this footnote. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 370.00 Td (Results for all periods presented have been adjusted to exclude results for our Demandforce, QuickBase, and Quicken ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 359.20 Td (businesses, which we classified as discontinued operations in the fourth quarter of fiscal 2015 and sold during fiscal 2016. See ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 348.40 Td (Note 7, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 87.70 348.40 Td (Discontinued Operations,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 195.93 348.40 Td ( for more information. ) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 325.90 50.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 313.90 50.00 -4.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 309.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 295.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 281.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 267.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 253.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 238.90 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 223.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 209.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 195.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 181.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 167.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 153.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 139.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 125.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 111.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 97.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 83.90 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 395.50 69.90 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 325.9 m 445.5 325.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 325.9 m 453.5 325.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 325.9 m 503.5 325.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 325.9 m 511.5 325.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 325.9 m 561.5 325.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 313.9 m 445.5 313.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 313.9 m 503.5 313.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 313.9 m 561.5 313.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 253.89999999999998 m 445.5 253.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 253.89999999999998 m 503.5 253.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 253.89999999999998 m 561.5 253.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 239.89999999999998 m 445.5 239.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 237.89999999999998 m 445.5 237.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 253.89999999999998 m 503.5 253.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 239.89999999999998 m 503.5 239.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 237.89999999999998 m 503.5 237.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 253.89999999999998 m 561.5 253.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 239.89999999999998 m 561.5 239.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 237.89999999999998 m 561.5 237.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 167.89999999999998 m 445.5 167.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 167.89999999999998 m 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56.89999999999998 m 503.5 56.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 54.89999999999998 m 503.5 54.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 56.89999999999998 m 561.5 56.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 54.89999999999998 m 561.5 54.89999999999998 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 329.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.00 329.35 Td (Twelve Months Ended July 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 317.35 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 410.50 317.35 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 468.50 317.35 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 317.35 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 300.60 Td (Net revenue:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.00 300.60 Td () Tj ET Q 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535.90 272.60 Td (2,045) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 258.60 Td (Strategic Partner) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 427.40 258.60 Td (453) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.40 258.60 Td (437) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.40 258.60 Td (428) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 243.60 Td (Total net revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 243.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 243.60 Td (5,964) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 243.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.90 243.60 Td (5,177) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 243.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.90 243.60 Td (4,694) Tj ET Q BT /F2 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130.60 Td (\(278) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 130.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 116.60 Td (Other common expenses) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 417.40 116.60 Td (\(1,234) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 442.45 116.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 482.90 116.60 Td (\(995) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.45 116.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.90 116.60 Td (\(897) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 116.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 102.60 Td (Amortization of acquired technology) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 429.90 102.60 Td (\(15) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 442.45 102.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 487.90 102.60 Td (\(12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.45 102.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.90 102.60 Td (\(22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 102.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 88.60 Td (Amortization of other acquired intangible assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 434.90 88.60 Td (\(6) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 442.45 88.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 492.90 88.60 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.45 88.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.90 88.60 Td (\(12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 88.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 74.60 Td (Total unallocated corporate items) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 417.40 74.60 Td (\(1,637) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 442.45 74.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 475.40 74.60 Td (\(1,335) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.45 74.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.40 74.60 Td (\(1,209) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.45 74.60 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 60.60 Td (Total operating income from continuing operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 398.00 60.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 419.90 60.60 Td (1,497) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 456.00 60.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.90 60.60 Td (1,395) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.00 60.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.90 60.60 Td (1,242) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 177 0 obj <>] /Rotate 0 /Contents 178 0 R>> endobj 178 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (87 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 748.50 512.00 -18.00 re f /GS0 gs 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 730.5 m 562.5 730.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 736.17 Td (15. Selected Quarterly Financial Data ) Tj ET Q BT /F2 10.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 295.68 736.17 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 714.20 Td (The following tables contain selected quarterly financial data for the twelve months ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.01 714.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.38 714.20 Td ( and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.56 714.20 Td (July31, 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.93 714.20 Td (. ) Tj ET Q 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 703.70 285.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 703.70 224.00 -12.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 691.70 285.00 -13.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 691.70 50.00 -13.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 691.70 8.00 -13.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 691.70 50.00 -13.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 443.50 691.70 8.00 -13.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 691.70 50.00 -13.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 501.50 691.70 8.00 -13.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 509.50 691.70 50.00 -13.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 678.70 285.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 678.70 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 678.70 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 678.70 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 443.50 678.70 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 678.70 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 501.50 678.70 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 509.50 678.70 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 663.70 285.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 663.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 663.70 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 663.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 443.50 663.70 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 663.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 501.50 663.70 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 509.50 663.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 649.70 285.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 649.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 649.70 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 649.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 443.50 649.70 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 649.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 501.50 649.70 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 509.50 649.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 635.70 285.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 635.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 635.70 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 635.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 443.50 635.70 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 635.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 501.50 635.70 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 509.50 635.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 621.70 285.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 621.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 621.70 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 621.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 443.50 621.70 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 621.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 501.50 621.70 8.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 509.50 621.70 50.00 -14.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 607.70 285.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 607.70 50.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 607.70 8.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 607.70 50.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 443.50 607.70 8.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 607.70 50.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 501.50 607.70 8.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 509.50 607.70 50.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 597.70 285.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 597.70 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 597.70 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 597.70 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 443.50 597.70 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 597.70 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 501.50 597.70 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 509.50 597.70 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 582.70 285.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 582.70 50.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 582.70 8.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 582.70 50.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 443.50 582.70 8.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 582.70 50.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 501.50 582.70 8.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 509.50 582.70 50.00 -10.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 50.50 572.70 285.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 335.50 572.70 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 385.50 572.70 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 393.50 572.70 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 443.50 572.70 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 451.50 572.70 50.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 501.50 572.70 8.00 -15.00 re f /GS0 gs 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 509.50 572.70 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 691.7 m 385.5 691.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 691.7 m 393.5 691.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 691.7 m 443.5 691.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 691.7 m 451.5 691.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 691.7 m 501.5 691.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 691.7 m 509.5 691.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 691.7 m 559.5 691.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 678.7 m 385.5 678.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 678.7 m 443.5 678.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 678.7 m 501.5 678.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 678.7 m 559.5 678.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 583.7 m 385.5 583.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 581.7 m 385.5 581.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 583.7 m 443.5 583.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 581.7 m 443.5 581.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 583.7 m 501.5 583.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 581.7 m 501.5 581.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 583.7 m 559.5 583.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 581.7 m 559.5 581.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 558.7 m 385.5 558.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 556.7 m 385.5 556.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 558.7 m 443.5 558.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 556.7 m 443.5 556.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 558.7 m 501.5 558.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 556.7 m 501.5 556.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 558.7 m 559.5 558.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 556.7 m 559.5 556.7 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 695.15 Td () Tj ET Q BT /F2 8.00 Tf ET 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 396.85 701.20 100.29 -8.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 396.85 695.15 Td (Fiscal 2018 Quarter Ended) Tj ET Q BT /F4 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 683.15 Td (\(In millions, except per share amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 338.45 683.15 Td (October 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 397.55 683.15 Td (January 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 461.00 683.15 Td (April 30) Tj ET Q BT /F2 8.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 520.65 683.15 Td (July 31) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 668.40 Td (Total net revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 338.00 668.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 367.40 668.40 Td (886) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 396.00 668.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 417.90 668.40 Td (1,165) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 454.00 668.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 475.90 668.40 Td (2,925) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 512.00 668.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 541.40 668.40 Td (988) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 654.40 Td (Cost of revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 367.40 654.40 Td (196) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 425.40 654.40 Td (246) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 483.40 654.40 Td (304) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 541.40 654.40 Td (231) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 640.40 Td (All other costs and expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 367.40 640.40 Td (747) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 425.40 640.40 Td (899) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 475.90 640.40 Td (1,006) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 541.40 640.40 Td (838) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 626.40 Td (Operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 369.90 626.40 Td (\(57) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 382.45 626.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 430.40 626.40 Td (20) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 475.90 626.40 Td (1,615) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 543.90 626.40 Td (\(81) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 556.45 626.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 612.40 Td (Net income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 369.90 612.40 Td (\(17) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 382.45 612.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 427.90 612.40 Td (\(21) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 440.45 612.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 475.90 612.40 Td (1,200) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 546.40 612.40 Td (49) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 587.40 Td (Basic net income \(loss\)per share) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 338.00 587.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 362.40 587.40 Td (\(0.07) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 382.45 587.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 396.00 587.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 420.40 587.40 Td (\(0.08) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 440.45 587.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 454.00 587.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 480.90 587.40 Td (4.68) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 512.00 587.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 538.90 587.40 Td (0.19) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 562.40 Td (Diluted net income \(loss\)per share) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 338.00 562.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 362.40 562.40 Td (\(0.07) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 382.45 562.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 396.00 562.40 Td ($) Tj ET Q BT /F3 9.00 Tf 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Tj ET Q BT /F3 11.00 Tf ET q 1 1 1 rg BT 53.00 726.68 Td (SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 682.95 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.10 690.95 Td (Beginning) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.55 682.95 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.90 706.95 Td (Additions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.80 698.95 Td (Charged to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.65 690.95 Td (Expense/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.90 682.95 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.80 682.95 Td (Deductions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.85 690.95 Td (Ending) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.55 682.95 Td (Balance) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.9176470588235294 0.9725490196078431 1 rg /GS0 gs 53.00 675.00 107.15 -9.00 re f /GS0 gs q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 668.20 Td (Year ended July 31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 338.00 668.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 396.00 668.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 454.00 668.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 512.00 668.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 59.00 653.20 Td (Allowance for doubtful accounts) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 338.00 653.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 372.40 653.20 Td (46) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 396.00 653.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 430.40 653.20 Td (58) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 454.00 653.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 485.90 653.20 Td (\(99) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 498.45 653.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 512.00 653.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 551.40 653.20 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 59.00 638.20 Td (Reserve for product returns) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 377.40 638.20 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 430.40 638.20 Td (93) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 485.90 638.20 Td (\(90) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 498.45 638.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 546.40 638.20 Td (10) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 59.00 623.20 Td (Reserve for promotional discounts and rebates) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 372.40 623.20 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 430.40 623.20 Td (99) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 480.90 623.20 Td (\(108) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 498.45 623.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 546.40 623.20 Td (10) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 593.20 Td (Year ended July 31, 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.00 593.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 593.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.00 593.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.00 593.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 578.20 Td (Allowance for doubtful accounts) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.00 578.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.40 578.20 Td (51) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 578.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.40 578.20 Td (44) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.00 578.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.90 578.20 Td (\(49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.45 578.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.00 578.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.40 578.20 Td (46) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 563.20 Td (Reserve for product returns) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 377.40 563.20 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.40 563.20 Td (76) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.90 563.20 Td (\(76) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.45 563.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.40 563.20 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 548.20 Td (Reserve for promotional discounts and rebates) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.40 548.20 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.40 548.20 Td (113) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.90 548.20 Td (\(108) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.45 548.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.40 548.20 Td (19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 518.20 Td (Year ended July 31, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.00 518.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 518.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.00 518.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.00 518.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 503.20 Td (Allowance for doubtful accounts) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.00 503.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.40 503.20 Td (45) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 503.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.40 503.20 Td (49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.00 503.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.90 503.20 Td (\(43) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.45 503.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.00 503.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.40 503.20 Td (51) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 488.20 Td (Reserve for product returns) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.40 488.20 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.40 488.20 Td (70) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.90 488.20 Td (\(75) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.45 488.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.40 488.20 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 473.20 Td (Reserve for promotional discounts and rebates) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.40 473.20 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.40 473.20 Td (103) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.90 473.20 Td (\(101) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.45 473.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.40 473.20 Td (14) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 443.20 Td (Notes: ) Tj ET Q q 0 0 0 rg BT 86.00 443.20 Td (The table above excludes balances and activity for our discontinued operations for all periods presented.) Tj ET Q endstream endobj 181 0 obj <>] /Rotate 0 /Contents 182 0 R>> endobj 182 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (89 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 748.5 m 562.5 748.5 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 718.5 m 562.5 718.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 736.17 Td (ITEM 9 - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON) Tj ET Q BT /F2 13.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 107.00 723.17 Td (ACCOUNTING AND FINANCIAL DISCLOSURE) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 696.20 Td (None.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 665.9 m 562.5 665.9 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 647.9 m 562.5 647.9 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 653.57 Td (ITEM 9A - CONTROLS AND PROCEDURES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 623.25 Td (Evaluation of Disclosure Controls and Procedures) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 606.40 Td (Based upon an evaluation of the effectiveness of disclosure controls and procedures, Intuits Chief Executive Officer \(CEO\)and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 595.60 Td (Chief Financial Officer \(CFO\)have concluded that as of the end of the period covered by this Annual Report on Form 10-K our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 584.80 Td (disclosure controls and procedures as defined under Exchange Act Rules13a-15\(e\) and 15d-15\(e\) were effective to provide ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 574.00 Td (reasonable assurance that information required to be disclosed in our Exchange Act reports is recorded, processed, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 563.20 Td (summarized, and reported within the time periods specified by the Securities and Exchange Commission and is accumulated ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 552.40 Td (and communicated to management, including the CEO and CFO, as appropriate to allow timely decisions regarding required ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 541.60 Td (disclosure.) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 513.40 Td (Managements Report on Internal Control over Financial Reporting) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 496.60 Td (Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 485.80 Td (term is defined in Exchange Act Rules13a-15\(f\) and 15d-15\(f\). Under the supervision and with the participation of our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 475.00 Td (management, including our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 464.20 Td (effectiveness of our internal control over financial reporting as of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.02 464.20 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.39 464.20 Td ( based on the guidelines established in ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 526.27 464.20 Td (Internal ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 453.40 Td (Control Integrated Framework) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 180.09 453.40 Td ( issued by the Committee of Sponsoring Organizations of the Treadway Commission \(COSO\). ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 442.60 Td (Based on the results of this evaluation, our management has concluded that our internal control over financial reporting was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 431.80 Td (effective as of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 108.72 431.80 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 162.08 431.80 Td ( to provide reasonable assurance regarding the reliability of financial reporting and the preparation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 421.00 Td (of financial statements for external reporting purposes in accordance with generally accepted accounting principles. We ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 410.20 Td (reviewed the results of managements assessment with the Audit and Risk Committee of Intuits Board of Directors.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 393.40 Td (Ernst & Young LLP, an independent registered public accounting firm, has audited the effectiveness of our internal control over ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 382.60 Td (financial reporting as of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 147.55 382.60 Td (July31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 200.92 382.60 Td (. Their report is included in Item8 of this Annual Report on Form 10-K.) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 354.40 Td (Changes in Internal Control over Financial Reporting) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 337.60 Td (During our most recent fiscal quarter, there has not occurred any change in our internal control over financial reporting that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 326.80 Td (has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 298.60 Td (Inherent Limitations on Effectiveness of Controls ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 281.80 Td (Our management, including our Chief Executive Officer and Chief Financial Officer, believes that our disclosure controls and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 271.00 Td (procedures and internal control over financial reporting are designed to provide reasonable assurance of achieving their ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 260.20 Td (objectives and that they are effective at the reasonable assurance level. However, no matter how well conceived and executed, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 249.40 Td (a control system can provide only reasonable and not absolute assurance that the objectives of the control system are met. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 238.60 Td (The design of any control system must reflect the fact that there are resource constraints and the benefits of controls must be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 227.80 Td (considered relative to their costs. There are also limitations that are inherent in any control system. These limitations include ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 217.00 Td (the realities that breakdowns can occur because of errors in judgment or mistakes, and that controls can be circumvented by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 206.20 Td (individual persons, by collusion of two or more people, or by management override of the controls. Because of these inherent ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 195.40 Td (limitations in a cost effective control system, misstatements due to error or fraud may occur and not be detected.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 175.89999999999998 m 562.5 175.89999999999998 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 157.89999999999998 m 562.5 157.89999999999998 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 163.57 Td (ITEM 9B - OTHER INFORMATION) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 135.60 Td (None.) Tj ET Q endstream endobj 183 0 obj <>] /Rotate 0 /Contents 184 0 R>> endobj 184 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (90 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 739.20 Td (PART III) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 718.20 Td ( ) Tj ET Q 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 707.7 m 562.5 707.7 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 689.7 m 562.5 689.7 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 695.37 Td (ITEM 10 - DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 667.40 Td (Except for the information about our executive officers shown below, the information required by this Item10 is incorporated ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 656.60 Td (by reference from the information contained in our Proxy Statement to be filed with the U.S. Securities and Exchange ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 645.80 Td (Commission in connection with the solicitation of proxies for our) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.34 645.80 Td (2019) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.36 645.80 Td ( Annual Meeting of Stockholders \(the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.45 645.80 Td (2019) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.47 645.80 Td ( Proxy ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 635.00 Td (Statement\) under the sections entitled Proposal No. 1 - Election of Directors Our Board Nominees, Corporate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 624.20 Td (Governance, and Stock Ownership Information Section 16\(a\) Beneficial Ownership Reporting Compliance.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 607.40 Td (We maintain a Code of Conduct and Ethics that applies to all employees, including all officers. We also maintain a Board of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 596.60 Td (Directors Code of Ethics that applies to all members of our Board of Directors. Our Code of Conduct and Ethics and Board of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 585.80 Td (Directors Code of Ethics incorporate guidelines designed to deter wrongdoing and to promote honest and ethical conduct ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 575.00 Td (and compliance with applicable laws and regulations. Our Code of Conduct and Ethics and Board of Directors Code of Ethics ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 564.20 Td (are published on our Investor Relations website at https://investors.intuit.com/Corporate-Governance/Conduct-Guidelines/) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 553.40 Td (default.aspx. We disclose amendments to certain provisions of our Code of Conduct and Ethics and Board of Directors Code ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 542.60 Td (of Ethics, or waivers of such provisions granted to executive officers and directors, on this website.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 253.50 515.60 Td (EXECUTIVE OFFICERS) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 495.80 Td (The following table shows Intuits executive officers and their areas of responsibility as of August 1, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.22 495.80 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.23 495.80 Td ( . Their biographies ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 485.00 Td (follow the table.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 461.5 m 155.5 461.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 165.5 461.5 m 190.5 461.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 461.5 m 562.5 461.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 465.95 Td (Name) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 169.75 465.95 Td (Age) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.00 465.95 Td (Position) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 447.20 Td (Brad D. Smith) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 177.40 447.20 Td (54) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 203.00 447.20 Td (Chairman of the Board of Directors, President and Chief Executive Officer) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 432.20 Td (Scott D. Cook) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 177.40 432.20 Td (66) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 203.00 432.20 Td (Chairman of the Executive Committee) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 417.20 Td (Michelle M. Clatterbuck) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 177.40 417.20 Td (50) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 203.00 417.20 Td (Executive Vice President and Chief Financial Officer) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 402.20 Td (Laura A. Fennell) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 177.40 402.20 Td (57) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 203.00 402.20 Td (Executive Vice President, People and Places) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 387.20 Td (Sasan K. Goodarzi) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 177.40 387.20 Td (50) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 203.00 387.20 Td (Executive Vice President and General Manager, Small Business & Self-Employed Group) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 372.20 Td (Gregory N. Johnson) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 177.40 372.20 Td (50) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 203.00 372.20 Td (Executive Vice President and General Manager, Consumer Group) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 357.20 Td (Kerry J. McLean) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 177.40 357.20 Td (54) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 203.00 357.20 Td (Senior Vice President, General Counsel and Corporate Secretary) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 342.20 Td (H. Tayloe Stansbury) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 177.40 342.20 Td (57) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 203.00 342.20 Td (Executive Vice President and Chief Technology Officer) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 327.20 Td (Mark J. Flournoy) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 177.40 327.20 Td (52) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 203.00 327.20 Td (Vice President, Corporate Controller and Chief Accounting Officer) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 303.20 Td (Mr.Smith has been President and Chief Executive Officer and a member of the Board of Directors since January2008. He ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 292.40 Td (became Chairman of the Board in January 2016. On August 23, 2018, we announced that, effective January 1, 2019, Mr. Smith ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 281.60 Td (will be stepping down as the Chief Executive Officer of the company and will become the Executive Chairman of the Board. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 270.80 Td (Prior to his role as the President and Chief Executive Officer, he was Senior Vice President and General Manager, Small ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 260.00 Td (Business Division from May2006 to December2007 and Senior Vice President and General Manager, QuickBooks from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 249.20 Td (May2005 to May2006. He also served as Senior Vice President and General Manager, Consumer Tax Group from March2004 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 238.40 Td (until May2005 and as Vice President and General Manager of Intuits Accountant Central and Developer Network from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 227.60 Td (February2003 to March2004. Prior to joining Intuit in February2003, Mr.Smith was Senior Vice President of Marketing and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 216.80 Td (Business Development at ADP, a provider of business outsourcing solutions, where he held several executive positions from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 206.00 Td (1996 to 2003. Mr. Smith also serves on the boards of directors of Nordstrom, Inc. and SurveyMonkey Inc. Mr.Smith holds a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 195.20 Td (Bachelors degree in Business Administration from Marshall University and a Masters degree in Management from Aquinas ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 184.40 Td (College.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 167.60 Td (Mr.Cook, a founder of Intuit, has been an Intuit director since March1984 and is currently Chairman of the Executive ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 156.80 Td (Committee. He served as Intuits Chairman of the Board from February1993 through July1998. From April1984 to April1994, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 146.00 Td (he served as Intuits President and Chief Executive Officer. Mr.Cook also serves on the board of directors of The Procter & ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 135.20 Td (Gamble Company. Mr.Cook holds a Bachelor of Arts degree in Economics and Mathematics from the University of Southern ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 124.40 Td (California and a Masters degree in Business Administration from Harvard Business School.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 107.60 Td (Ms. Clatterbuck has been Executive Vice President and Chief Financial Officer since February 2018. She manages the financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 96.80 Td (strategy and operations across the company, including Treasury, Procurement, Investor Relations and Finance Operations. Ms. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 86.00 Td (Clatterbuck served as acting finance leader for Intuits Small Business Group from June 2017 through January 2018, led ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 75.20 Td (finance for the Consumer Tax Group beginning in September 2012 and was promoted to Senior Vice President for that group ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 64.40 Td (in August 2016. Her earlier roles at Intuit include Vice President of finance for the Professional Tax business in 2006 and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 53.60 Td (finance director in October 2004. Ms. Clatterbuck joined Intuit in March 2003 as a senior finance manager. Prior to Intuit, Ms. ) Tj ET Q endstream endobj 185 0 obj <>] /Rotate 0 /Contents 186 0 R>> endobj 186 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (91 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 742.20 Td (Clatterbuck held various financial management roles at General Electric. Before that, she was a financial litigation consultant at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.40 Td (The Barrington Consulting Group.Ms. Clatterbuck holds a bachelors degree in commerce with a concentration in finance ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.60 Td (from the University of Virginia.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 703.80 Td (Ms. Fennell has been Executive Vice President, People and Places since August 2018 and previously served as Executive Vice ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 693.00 Td (President, General Counsel and Corporate Secretary. She served as Senior Vice President, General Counsel and Corporate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 682.20 Td (Secretary from February 2007. Ms. Fennell joined Intuit as Vice President, General Counsel and Corporate Secretary in April ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 671.40 Td (2004. She leads the team responsible for acquiring, developing, mobilizing and rewarding the company's global workforce. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 660.60 Td (Prior to joining Intuit, Ms. Fennell spent nearly eleven years at Sun Microsystems, Inc., most recently as Vice President of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 649.80 Td (Corporate Legal Resources, as well as Acting General Counsel. Prior to joining Sun, she was an associate attorney at Wilson ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 639.00 Td (Sonsini, Goodrich & Rosati PC. Ms. Fennell sits on the board of directors of the Childrens Discovery Museum of San Jose. Ms. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 628.20 Td (Fennell holds a Bachelor of Science degree in Business Administration from California State University, Chico and a Juris ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 617.40 Td (Doctor from Santa Clara University.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 598.60 Td (Mr. Goodarzi has been Executive Vice President and General Manager of Intuits Small Business Group since May 2016. On ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 587.80 Td (August 23, 2018, we announced that, effective January 1, 2019, Mr. Goodarzi will become the Chief Executive Officer of the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 577.00 Td (company and a member of the Board of Directors. He previously was Executive Vice President and General Manager of Intuits ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 566.20 Td (Consumer Tax Group from August 2015 through April 2016 and from August 2013 to July 2015 served as Senior Vice ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 555.40 Td (President and General Manager of the Consumer Tax Group. He served as Intuits Senior Vice President and Chief Information ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 544.60 Td (Officer from August 2011 to July 2013, having rejoined Intuit after serving as CEO of Nexant Inc., a privately held provider of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 533.80 Td (intelligent grid software and clean energy solutions, beginning in November 2010. During his previous tenure at Intuit from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 523.00 Td (2004 to 2010, Mr. Goodarzi led several business units including Intuit Financial Services and the professional tax division. Prior ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 512.20 Td (to joining Intuit, Mr. Goodarzi worked forInvensys, a global provider of industrial automation, transportation and controls ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 501.40 Td (technology, serving as global president of the products group. He also held a number of senior leadership roles in the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 490.60 Td (automation control division at Honeywell.He serves on the board of Atlassian Corporation Plc. Mr. Goodarzi holds a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 479.80 Td (Bachelors degree in Electrical Engineering from the University of Central Florida and a Masters degree in Business ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 469.00 Td (Administration from the Kellogg School of Management at Northwestern University.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 452.20 Td (Mr. Johnson has been Executive Vice President and General Manager of Intuit's Consumer Group since August 2018. He ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 441.40 Td (joined Intuit in 2012 as Senior Vice President of marketing. Mr. Johnson leads an organization that offers a suite of consumer ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 430.60 Td (tax and financial products and services in the U.S. and Canada. He has more than 20 years experience in marketing, which ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 419.80 Td (spans across consumer packaged goods, retail, and international and emerging markets. Prior to joining Intuit, Mr. Johnson ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 409.00 Td (worked for various organizations, including Kraft Foods, SC Johnson, Kodak, Gillette, Best Buy, and the United States Air ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 398.20 Td (Force. Mr. Johnson holds a Bachelor of Science degree in Operations Research from the United States Air Force Academy.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 379.40 Td (Ms. McLean has been Senior Vice President, General Counsel and Corporate Secretary since August 2018, after having served ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 368.60 Td (as Vice President, Deputy General Counsel since August 2010. She joined Intuit in 2006 as Director, Deputy General Counsel. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 357.80 Td (Ms. McLean leads Intuits legal, privacy and compliance teams. Prior to joining Intuit, Ms. McLean spent over six years at Wind ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 347.00 Td (River Systems, Inc) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 122.21 347.00 Td (.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 124.71 347.00 Td (, most recently as the Director of Legal. Prior to joining Wind River, she was an associate at Howard, Rice, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 336.20 Td (Nemerovski, Canady, Falk & Rabkin PC) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 207.73 336.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.23 336.20 Td (\(now Arnold & Porter Kaye Scholer LLP\). Ms. McLean holds a Bachelor of Arts degree ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 325.40 Td (in International Relations from University of California, Davis and a Juris Doctor from University of California, Hastings College ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 314.60 Td (of Law.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 295.80 Td (Mr. Stansbury has been Executive Vice President and Chief Technology Officer since August 2015 and joined Intuit in May ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 285.00 Td (2009 as Senior Vice President and Chief Technology Officer. On August 23, 2018, we announced that Mr. Stansbury will be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 274.20 Td (stepping down from his role as the Chief Technology Officer of the company effective January 1, 2019. Mr. Stansbury ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 263.40 Td (previously served as chief information officer of VMware. Earlier he was executive vice president of Ariba and held executive ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 252.60 Td (engineering and general management roles at Calico Commerce and Xerox, led developer tools engineering groups at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 241.80 Td (Borland International and Sun Microsystems, and researched intelligent systems at Xerox PARC. Mr. Stansbury serves on the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 231.00 Td (boards of Coupa Software Inc. and Shutterfly, Inc. Mr. Stansbury holds a Bachelors degree in Applied Mathematics from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 220.20 Td (Harvard University.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 203.40 Td (Mr. Flournoy was appointed as Vice President and Chief Accounting Officer in February 2014. He joined Intuit in 2003 as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 192.60 Td (director of general accounting and internal controls and was named Corporate Controller in 2012. From 1996 to 2003, Mr. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 181.80 Td (Flournoy served as a corporate controller for various private and public companies in California. He began his career in public ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 171.00 Td (accounting at Ernst & Young, where he served from 1992 to 1996. Mr. Flournoy holds a Bachelors degree in Business ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 160.20 Td (Administration Finance from the University of Southern California and a secondary Bachelors degree in Accounting from San ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 149.40 Td (Diego State University.) Tj ET Q 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 129.89999999999998 m 562.5 129.89999999999998 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 111.89999999999998 m 562.5 111.89999999999998 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 117.57 Td (ITEM 11 - EXECUTIVE COMPENSATION) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 89.60 Td (The information required by this Item 11 is incorporated by reference from the information contained in our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.45 89.60 Td (2019) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 506.47 89.60 Td ( Proxy ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 78.80 Td (Statement under the sections entitled Corporate Governance Compensation Committee Interlocks and Insider ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 68.00 Td (Participation, Director Compensation, Equity Compensation Plan Information, and Executive Compensation Tables. ) Tj ET Q endstream endobj 187 0 obj <>] /Rotate 0 /Contents 188 0 R>> endobj 188 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (92 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 748.5 m 562.5 748.5 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 717.5 m 562.5 717.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 736.17 Td (ITEM 12 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND) Tj ET Q BT /F2 13.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 120.50 723.17 Td (MANAGEMENT AND RELATED STOCKHOLDER MATTERS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 695.20 Td (The information required by this Item 12 is incorporated by reference from the information contained in our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.45 695.20 Td (2019) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 506.47 695.20 Td ( Proxy ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 684.40 Td (Statement under the sections entitled Stock Ownership Information and Executive Compensation Tables. ) Tj ET Q 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 664.9 m 562.5 664.9 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 633.9 m 562.5 633.9 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 652.57 Td (ITEM 13 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND) Tj ET Q BT /F2 13.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 125.00 639.57 Td (DIRECTOR INDEPENDENCE) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 611.60 Td (The information required by this Item 13 is incorporated by reference from the information contained in our) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.45 611.60 Td (2019) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 506.47 611.60 Td ( Proxy ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 600.80 Td (Statement under the sections entitled Corporate Governance Director Independence and Transactions with Related ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 590.00 Td (Persons. ) Tj ET Q 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 570.5 m 562.5 570.5 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 552.5 m 562.5 552.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 558.17 Td (ITEM 14 - PRINCIPAL ACCOUNTANT FEES AND SERVICE) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 530.20 Td (The information required by this Item 14 is incorporated by reference from the information contained in our) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.45 530.20 Td (2019) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 506.47 530.20 Td ( Proxy ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 519.40 Td (Statement under the section entitled Proposal No. 3 Ratification of Selection of Independent Registered Public Accounting ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 508.60 Td (Firm.) Tj ET Q BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 50.00 469.00 Td (PART IV) Tj ET Q 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 443.5 m 562.5 443.5 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 425.5 m 562.5 425.5 l s BT /F2 13.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 431.17 Td (ITEM 15 - EXHIBITS AND FINANCIAL STATEMENT SCHEDULES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 403.20 Td (\(a\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 403.20 Td (The following documents are filed as part of this report:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 104.00 392.40 Td (1. ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 122 391.275 m 205.3662109375 391.275 l s q 0 0 0 rg BT 122.00 392.40 Td (Financial Statements) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 205.37 392.40 Td ( See Index to Consolidated Financial Statements in PartII, Item8.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 104.00 381.60 Td (2. ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 122 380.475 m 244.884765625 380.475 l s q 0 0 0 rg BT 122.00 381.60 Td (Financial Statement Schedules) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.88 381.60 Td ( See Index to Consolidated Financial Statements in PartII, Item8.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 104.00 370.80 Td (3. ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.45 w 0 i [] 0 d 1 J 1 j 3 M 122 369.675 m 153.662109375 369.675 l s q 0 0 0 rg BT 122.00 370.80 Td (Exhibits) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 153.66 370.80 Td ( See Exhibit Index immediately following the signature page of this Annual Report on Form 10-K.) 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Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 636.9 m 453.5 636.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 636.9 m 537.5 636.9 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 93.00 655.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 282.00 655.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.00 664.60 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 320.51 664.60 Td (INTUIT INC.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.00 655.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 540.00 655.84 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 641.60 Td (Dated:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 93.00 641.60 Td (August 31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.45 641.60 Td (By:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.00 641.60 Td (/s/ MICHELLE M. CLATTERBUCK) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 540.00 640.84 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 93.00 627.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 282.00 627.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.00 627.60 Td (Michelle M. Clatterbuck) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 540.00 626.84 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 93.00 613.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 282.00 613.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.00 613.60 Td (Executive Vice President and Chief Financial Officer) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.00 604.60 Td ( \(Principal Financial Officer\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 540.00 612.84 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 191 0 obj <>] /Rotate 0 /Contents 192 0 R>> endobj 192 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 117.359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (ables of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 0.5 38 m 5.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 5.5 38 m 305.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 305.5 38 m 600.5 38 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 600.5 38 m 610.5 38 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 8.00 24.70 Td ( Intuit) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 32.84 24.70 Td ( Fiscal 2018 Form 10-K) Tj ET Q BT /F3 9.00 Tf ET q 0 0.4666666666666667 0.7725490196078432 rg BT 586.95 24.70 Td (94 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 748.5 m 562.5 748.5 l s 0 0.4666666666666667 0.7725490196078432 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 730.5 m 562.5 730.5 l s BT /F2 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.4666666666666667 0.7725490196078432 rg BT 53.00 736.17 Td (POWER OF ATTORNEY) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 711.20 Td (By signing this Annual Report on Form 10-K below, I hereby appoint each of Brad D. Smith and Michelle M. Clatterbuck as my ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 700.40 Td (attorney-in-fact to sign all amendments to this Form 10-K on my behalf, and to file this Form 10-K \(including all exhibits and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 689.65 Td (other documents related to the Form 10-K\) with the Securities and Exchange Commission. I authorize each of my attorneys-in-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 678.80 Td (fact to \(1\)appoint a substitute attorney-in-fact for himself and \(2\)perform any actions that he believes are necessary or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 668.05 Td (appropriate to carry out the intention and purpose of this Power of Attorney. I ratify and confirm all lawful actions taken ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 657.25 Td (directly or indirectly by my attorneys-in-fact and by any properly appointed substitute attorneys-in-fact.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 640.40 Td (Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed by the following persons on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 629.65 Td (behalf of the Registrant and in the capacities and on the dates indicated.) 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