Accenture (ACN) FY2013 results: revenue $30.4 billion, up 2.1% on the year
Accenture plc (ACN) reported revenue of $30.4 billion for fiscal 2013, the year ended 31 August 2013, up 2.1% on the year before. Net income was $3.3 billion, up 28.5%, and diluted earnings per share $4.93. The figures are the company's own, from the 10-K it filed with the SEC on 29 October 2013.
Revenue
$30.4 billion
+2.1% on the year
FY2008FY2013
Operating margin
14.3%
13.0% a year earlier
FY2008FY2013
Net income
$3.3 billion
+28.5% on the year
FY2008FY2013
Diluted EPS
$4.93
+28.4% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
30,394
29,778
27,353
+2.1%
Cost of revenue
21,010
20,790
18,966
+1.1%
Gross profit
9,384
8,988
8,387
+4.4%
Gross margin
30.9%
30.2%
30.7%
Research and development
715
560
482
+27.8%
Operating income
4,339
3,872
3,470
+12.1%
Operating margin
14.3%
13.0%
12.7%
Interest expense
14.0
15.1
15.0
-6.8%
Pre-tax income
4,339
3,904
3,512
+11.1%
Income tax
785
1,079
959
-27.3%
Effective tax rate
18.1%
27.6%
27.3%
Net income
3,282
2,554
2,278
+28.5%
Net margin
10.8%
8.6%
8.3%
Diluted EPS
$4.93
$3.84
$3.40
+28.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
3,303
4,257
3,442
-22.4%
Capital expenditure
370
372
404
-0.6%
Free cash flow
2,934
3,885
3,038
-24.5%
Free cash flow margin
9.7%
13.0%
11.1%
Cash from investing
-1,156
-535
-703
Cash from financing
-3,066
-2,559
-2,122
Depreciation and amortisation
593
594
513
-0.1%
Share-based compensation
616
538
450
+14.5%
Buybacks
2,544
2,099
2,172
+21.2%
Dividends paid
1,122
951
644
+18.0%
Dividend per share
$1.62
$1.35
$0.90
+20.0%
Diluted shares, weighted
713m
726m
742m
-1.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
4,960
4,146
3,879
+19.6%
Non-controlling interest
468
479
472
-2.3%
Debt
25.6
0.0
4.4
+116,263.6%
Other liabilities
11,414
12,041
11,376
-5.2%
Total liabilities and equity
16,867
16,665
15,732
+1.2%
Fixed assets
780
779
785
+0.0%
Goodwill
1,819
1,215
1,132
+49.6%
Intangible assets
326
n/a
n/a
Investments
46.2
30.4
45.3
+51.6%
Cash and equivalents
5,632
6,641
5,701
-15.2%
Receivables
3,333
3,081
3,236
+8.2%
Other assets
4,932
4,919
4,832
+0.3%
Total assets
16,867
16,665
15,732
+1.2%
10-K for the year ended 31 August 2013, filed 29 October 2013: the filing.