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Discontinued Operations
9 Months Ended
Apr. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
On February 1, 2016 we completed the sale of our Demandforce business. On April 1, 2016 we completed the sales of our QuickBase and Quicken businesses. We received $463 million in cash and recorded a $354 million pre-tax gain on the disposal of these three businesses. The pre-tax gain was partially offset by a related income tax provision of $178 million, resulting in a net gain on disposal of $176 million in the third quarter of fiscal 2016.
We classified our Demandforce, QuickBase, and Quicken businesses as discontinued operations and have therefore segregated their operating results from continuing operations in our statements of operations for all periods presented. We have also segregated the net assets of these businesses from continuing operations on our balance sheet at July 31, 2015. Because the cash flows of these businesses were not material for any period presented, we have not segregated them on our statements of cash flows. Demandforce and QuickBase were part of our Small Business segment and Quicken was part of our former Consumer segment.
Net revenue from discontinued operations, income (loss) from discontinued operations before income taxes, and the components of net income (loss) from discontinued operations were as follows for the periods indicated:
 
Three Months Ended
 
Nine Months Ended
(In millions)
April 30,
2016
 
April 30,
2015
 
April 30,
2016
 
April 30,
2015
Net revenue from discontinued operations:
 
 
 
 
 
 
 
Demandforce
$

 
$
28

 
$
49

 
$
89

QuickBase
14

 
18

 
54

 
52

Quicken
8

 
13

 
34

 
38

Total net revenue from discontinued operations
$
22

 
$
59

 
$
137

 
$
179

 
 
 
 
 
 
 
 
Income (loss) from discontinued operations before income taxes:
 
 
 
 
 
 
 
Demandforce
$

 
$
(18
)
 
$
(10
)
 
$
(46
)
QuickBase
4

 
3

 
10

 
10

Quicken
(1
)
 
(146
)
 
(2
)
 
(139
)
Total income (loss) from discontinued operations before income taxes
$
3

 
$
(161
)
 
$
(2
)
 
$
(175
)
 
 
 
 
 
 
 
 
Net income (loss) from discontinued operations:
 
 
 
 
 
 
 
Net loss from Demandforce operations
$

 
$
(9
)
 
$
(6
)
 
$
(28
)
Net income from QuickBase operations
2

 
1

 
6

 
6

Net loss from Quicken operations

 
(147
)
 

 
(142
)
Net gain on disposal of Demandforce, QuickBase, and Quicken
176

 

 
173

 

Total net income (loss) from discontinued operations
$
178

 
$
(155
)
 
$
173

 
$
(164
)