Table A

INTUIT INC.

GAAP CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

(In thousands, except per share data)

(Unaudited)


	Three Mos. Ended			Six Mos. Ended
	January 31,			January 31,
	1999		2000	1999			2000

Net revenue	$373,733		$425,499	$510,614			$602,427
Costs and expenses:
Cost of goods sold:
Product	70,234		93,066	109,231			149,506
Amortization of purchased
software and other	1,897		2,489	3,701			4,921
Customer service &
technical support	41,144		47,657	72,004			81,958
Selling & marketing	71,203		86,110	124,282			156,015
Research & development	36,353		44,038	70,021			85,750
General & administrative	19,625		23,327	38,934			44,819
Charge for purchased research
and development	--		--	--			1,312
Acquisition related costs, including
amortization of goodwill and
purchased intangibles	20,962		45,211	41,932			81,562
Acquisition related costs – amortization
of deferred compensation	--		1,005	--			1,744
Reorganization costs	2,000		--	2,000			3,500

Total costs & expenses	263,418		342,903	462,105			611,087

Income/(loss) from operations	110,315	82,596			48,509		(8,660)

Interest and other income and
expense, net	3,950		6,988	7,298			15,465
Gain/(loss) from
marketable securities	10,088		(2,800)			10,088	(20,110)

Income/(loss) before income taxes	124,353		86,784	65,895			(13,305)
Income tax provision (benefit)	31,228		29,582	17,665			(4,587)
Minority interest	--		(90)			--	(149)

Net income/(loss)	$ 93,125		$ 57,292	$ 48,230			$ (8,569)

Table A (1 of 2)

Table A

INTUIT INC.

GAAP CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

(In thousands, except per share data)

(Unaudited)

	Three Mos. Ended		Six Mos. Ended
	January 31,		January 31, ,,,
	1999	2000	1999	2000


Basic net income/(loss) per share	$ 0.49	$ 0.29	$ 0.26	$ (0.04)

Shares used in per share amounts	188,813	195,935	187,600	192,285



Diluted net income/(loss) per share	$ 0.47	$ 0.27	$ 0.25	$ (0.04)

Shares used in per share amounts	198,413	209,566	195,561	192,285

Table A (2 of 2)

Table B

INTUIT INC.

PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (i)

(In thousands, except per share data)

(Unaudited)

	Three Mos. Ended			Six Mos. Ended
	January 31,			January 31,
	1999	2000		1999				2000

Net revenue	$373,733	$425,499		$510,614				$602,427
Costs and expenses:
Cost of goods sold:
Product	70,234	93,066		109,231				149,506
Customer service &
technical support	41,144	47,657		72,004				81,958
Selling & marketing	71,203	86,110		124,282				156,015
Research & development	36,353	44,038		70,021				85,750
General & administrative	19,625	23,327		38,934				44,819

Total costs & expenses, excluding
acquisition related charges,
reorganization costs and gains/(losses)
from marketable securities	238,559	294,198		414,472				518,048

Income from operations	135,174		131,301		96,142			84,379

Interest and other income and
expense, net	3,950	6,988		7,298				15,465

Income excluding acquisition
related charges, reorganization costs
and gains/(losses) from marketable
securities	139,124	138,289			103,440		99,844
Income tax provision	50,085	47,018			37,238		33,947
Minority interest	--	(90)				--	(149)

Net income excluding acquisition
related charges, reorganization costs
and gains/(losses) from marketable
securities	$ 89,039	$ 91,361			$ 66,202		$ 66,046

Table B (1 of 2)

Table B

INTUIT INC.

PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (i)

(In thousands, except per share data)

(Unaudited)

	Three Mos. Ended		Six Mos. Ended
	January 31,		January 31,
	1999	2000	1999			2000


Basic net income per share, excluding acquisition related charges,
reorganization costs and gains/(losses)
from marketable securities	$ 0.47	$ 0.47		$ 0.35	$ 0.34

Shares used in per share amounts	188,813	195,935	187,600			192,285


Diluted net income per share,
excluding acquisition related charges,
reorganization costs and gains/(losses)
from marketable securities	$ 0.45	$ 0.44		$ 0.34	$ 0.33

Shares used in per share amounts	198,413	209,566	195,561			203,168

This statement of operations information for the three and six month periods ended January 31, 2000 and 1999 is for illustrative purposes only and is not prepared in accordance with generally accepted accounting principles. It shows the operating results of the Company, excluding acquisition related charges of $48.7 million and $89.5 million for the three and six month periods ended January 31, 2000, respectively, and $22.9 million and $45.6 million for the three and six month periods ended January 31, 1999, respectively. The six month period ended January 31, 2000 excludes reorganization costs of $3.5 million. The three and six month periods ended January 31, 1999 exclude reorganization costs of $2.0 million. The three and six month periods ended January 31, 2000 exclude losses from marketable securities of $2.8 million and $20.1 million respectively, and the three and six month periods ended January 31, 1999 exclude gains from marketable securities of $10.1 million.

Table B (2 of 2)

Table C

INTUIT INC.

STATEMENT OF DIFFERENCES BETWEEN GAAP AND PRO FORMA

CONDENSED CONSOLIDATED RESULTS OF OPERATIONS (ii)

(In thousands, except per share data)

(Unaudited)

	Three Mos. Ended				Six Mos. Ended
	January 31,				January 31,
	1999	2000			1999		2000

Income/(loss) before income taxes,
and minority interest as reported	$124,353	$ 86,784			$ 65,895		$(13,305)
Reorganization costs	2,000	--			2,000		3,500
Gains/(losses) from marketable securities	(10,088)		2,800	(10,088)				20,110
Acquisition related charges:
Amortization of purchased
software and other in cost
of goods sold	1,897	2,489			3,701		4,921
Other acquisition costs,
including amortization of
goodwill and purchased
intangibles	20,962	46,216			41,932		84,618

Income excluding acquisition
Related charges, reorganization costs
and gains/(losses) from marketable
Securities	139,124	138,289				103,440	99,844
Income tax provision	50,085	47,018			37,238		33,947
Minority interest	--	(90)				--	(149)

Net income excluding acquisition
related charges, reorganization costs
and gains/(losses) from marketable
securities	$ 89,039	$ 91,361				$ 66,202	$ 66,046

Table C (1 of 2)

Table C

INTUIT INC.

STATEMENT OF DIFFERENCES BETWEEN GAAP AND PRO FORMA

CONDENSED CONSOLIDATED RESULTS OF OPERATIONS (ii)

(In thousands, except per share data)

(Unaudited)

	Three Mos. Ended		Six Mos. Ended
	January 31,		January 31,
	1999	2000	1999		2000

Basic net income per share, excluding
acquisition related charges, reorganization
costs and gains/(losses) from marketable
securities	$ 0.47	$ 0.47		$ 0.35	$ 0.34

Shares used in per share amounts	188,813	195,935	187,600		192,285


Diluted net income per share,
excluding acquisition related charges,
reorganization costs and gains/(losses)
from marketable securities	$ 0.45	$ 0.44	$ 0.34		$ 0.33

Shares used in per share amounts	198,413	209,566	195,561		203,168

This statement illustrates the impact of acquisition related charges, reorganization costs and the impact of gains/(losses) from marketable securities on reported net income. These items are included in the GAAP results of operations (Table A) and are excluded from pro forma results of operations (Table B).

Table C (2 of 2)

Table D

INTUIT INC.

CONDENSED CONSOLIDATED BALANCE SHEET

(In thousands)

(Unaudited)

	July 31,	January 31,
	1999	2000
ASSETS:

Current assets:
Cash, cash equivalents and
short-term investments	$ 859,355	$ 790,603
Customer deposits	145,836	135,456
Marketable securities	431,462	1,046,170
Accounts receivable, net	63,677	249,146
Mortgage loans	84,983	38,386
Deferred income taxes	64,925	65,002
Inventories	4,931	9,351
Income taxes receivable	--	1,190
Prepaid expenses and other current assets	67,716	34,803
Total current assets	1,722,885	2,370,107

Property and equipment, net	119,220	149,324
Intangibles, net	98,049	97,275
Goodwill, net	383,102	416,874
Other assets	7,897	9,022
Investments	45,704	39,569
Restricted investments	36,028	38,416
Long-term deferred income taxes	76,190	80,222
Total assets	$2,489,075	$3,200,809

LIABILITIES AND STOCKHOLDERS EQUITY:

Current liabilities:
Line of credit	$ 29,896	$ 3,283
Accounts payable	66,436	121,110
Accrued compensation and related liabilities	39,996	49,733
Payroll tax obligations	131,148	127,333
Escrow liabilities	14,857	9,821
Drafts payable	49,169	15,344
Deferred revenue	65,994	106,395
Income taxes payable	143,181	--
Deferred income taxes	136,694	384,484
Other accrued liabilities	201,872	271,760
Total current liabilities	879,243	1,089,263

Long-term obligations	36,614	37,862
Long-term deferred income taxes	11,615	11,919
Minority interest	215	224
Stockholders’ equity	1,561,388	2,061,541
Total liabilities and stockholders’ equity	$2,489,075	$3,200,809

Table D

Table E

INTUIT INC.

SCHEDULE OF ACQUISITION RELATED CHARGES (iii)

(In thousands)

(Unaudited)

	Three Mos. Ended			Six Mos. Ended
	January 31,			January 31,
	1999	2000		1999			2000
Amortization of intangibles and other
acquisition costs in:
Cost of goods sold	$ 1,897	$ 2,489		$ 3,701			$ 4,921
Operating expenses	20,962	45,211		41,932			81,562
Charge for purchased R&D	--	--		--			1,312
Deferred compensation	--	1,005		--			1,744

Total acquisition related
charges in operating income	22,859	48,705		45,633			89,539
Tax effect (iv)	(9,144)		(15,362)			(18,253)		(29,358)

Net income effect	$ 13,715	$ 33,343		$ 27,380			$ 60,181


	Year Ended July 31,
	2000	2001		2002			2003

Amortization of intangibles in:
Cost of goods sold	$ 8,785	$ 6,634		$ 2,081			$ 1,291
Operating expenses	141,445	134,317		133,564			86,140
Indirect merger charges	8,161	--		--			--
Charge for purchased R&D	1,312	--		--			--
Deferred compensation	4,017	4,548		4,548			3,487

Total acquisition related
charges in operating income	163,720	145,499		140,193			90,918
Tax effect (iv)	(53,123)		(48,941)		(46,818)			(31,738)

Net income effect	$110,597	$ 96,558		$ 93,375			$ 59,180

(iii) Assumes no change in the economic useful lives of intangible assets, no future acquisitions and is not necessarily indicative of Intuit Inc.'s future operating results.

Assumes tax rate generally at 40% applied to tax effectable items for fiscal years 1999 and beyond.

Table E