To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Drove DIY category growth of 3.5 percent, outpacing assisted category decline of 3.7 percent while total e-files were up 0.6 percent, based on IRS data through February 7. We exclude the following items from all of our non-GAAP financial measures: We also exclude the following items from non-GAAP net income (loss) and diluted net income (loss) per share: We believe that these non-GAAP financial measures provide meaningful supplemental information regarding Intuit’s operating results primarily because they exclude amounts that we do not consider part of ongoing operating results when planning and forecasting and when assessing the performance of the organization, our individual operating segments, or our senior management. RECONCILIATION OF FORWARD-LOOKING GUIDANCE FOR NON-GAAP FINANCIAL MEASURES We compute non-GAAP financial measures using the same consistent method from quarter to quarter and year to year. (In millions, except per share amounts) In accordance with GAAP, we segregate the operating results of discontinued operations as well as gains and losses on the sale of these discontinued operations from continuing operations on our GAAP statements of operations but continue to include them in GAAP net income or loss and net income or loss per share. Increased Small Business and Self-Employed Group revenue by 16 percent to $1.0 billion and Online Ecosystem revenue by 29 percent. With the April sales of existing homes falling 17.8% month-over-month, it … We use a long-term non-GAAP tax rate for evaluating operating results and for planning, forecasting, and analyzing future periods. Michelle Clatterbuck — Executive Vice President and Chief Financial Officer. We exclude from our non-GAAP financial measures gains and losses that we record when we impair available-for-sale debt and equity securities and other investments. Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks of Intuit Inc. INTUIT INC. Grew revenue to $1.8 billion, up from $994 million in the prior year. CONDENSED CONSOLIDATED BALANCE SHEETS The Intuit earnings report also the company reiterating its fiscal 2020 guidance. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Amortization of other acquired intangible assets, Shares used in basic per share calculations, Shares used in diluted per share calculations. For the three and six months ended January 31, 2019, we recognized excess tax benefits on share-based compensation of $8 million and $49 million, respectively, in our provision for income taxes. To hear the call, dial 844-246-4601 in the United States or 703-639-1172 from international locations. Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. Please visit us for the latest news and in-depth information about Intuit and its brands and find us on social. As discussed in “About Non-GAAP Financial Measures - Income Tax Effects and Adjustments” following Table E, our long-term non-GAAP tax rate eliminates the effects of non-recurring and period-specific items. This resulted in approximately $30 million in non-recurring revenue in the fourth quarter, with roughly $16 million included in online services revenue and $14 million included in desktop services revenue. Growth was driven primarily by customer growth, higher effective prices and, to a lesser extent, mix shift. The Turbo offering has 22 million registered users, up from 14 million last year. Increased Consumer Group revenue to $710 million. TurboTax Live customers grew nearly 70 percent. Events that could cause the reconciliation to change include acquisitions and divestitures of businesses, goodwill and other asset impairments, sales of available-for-sale debt securities and other investments, and disposals of businesses and long-lived assets. Intuit executives will discuss the financial results on a conference call at 1:30 p.m. Pacific time on Aug. 25. Photographs ©2018 Jeremy Bittermann Photography, http://investors.intuit.com/Events/default.aspx, https://www.businesswire.com/news/home/20200825005841/en/. Excluding tax benefits related to share-based compensation, our effective tax rate was 24%. View source version on businesswire.com: Most notably, the SMB segment … 11/17/2020. Terms and conditions, features, support, pricing, and service options subject to change without notice. The following table summarizes the total share-based compensation expense that we recorded in operating income (loss) for the periods shown. 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