Management’s Discussion and Analysis of Financial Condition and Results of
Operations (MD&A) is intended to provide readers of our condensed consolidated
financial statements with the perspectives of management. This should allow the
readers of this report to obtain a comprehensive understanding of our
businesses, strategies, current trends, and future prospects. Our MD&A includes
the following sections:
• Executive Overview: High level discussion of our operating results and some of the
trends that affect our business.
• Critical Accounting Policies and Estimates: Significant changes since our most recent
Annual Report on Form 10-K that we believe are important to understanding the assumptions
and judgments underlying our financial statements.
• Results of Operations: A more detailed discussion of our revenue and expenses.
• Liquidity and Capital Resources: Discussion of key aspects of our condensed consolidated
statements of cash flows, changes in our condensed consolidated balance sheets, and our
financial commitments.
You should note that this MD&A contains forward-looking statements that involve
risks and uncertainties. Please see the section entitled “Forward-Looking
Statements” immediately preceding Part I for important information to consider
when evaluating such statements.
You should read this MD&A in conjunction with the financial statements and
related notes in Part I, Item 1 of this Quarterly Report and our Annual Report
on Form 10-K for the fiscal year ended July 31, 2022.
On November 1, 2021, we acquired all of the outstanding equity of The Rocket
Science Group LLC (Mailchimp). Mailchimp is part of our Small Business &
Self-Employed segment. We have included the results of Mailchimp in our
consolidated results of operations from the date of acquisition.
On August 1, 2022, to better align our personal finance strategy, our Mint
offering moved from our Consumer segment to our Credit Karma segment. Revenue
and operating…..
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