Accenture (ACN) FY2014 results: revenue $31.9 billion, up 4.9% on the year
Accenture plc (ACN) reported revenue of $31.9 billion for fiscal 2014, the year ended 31 August 2014, up 4.9% on the year before. Net income was $2.9 billion, down 10.4%, and diluted earnings per share $4.52. The figures are the company's own, from the 10-K it filed with the SEC on 24 October 2014.
Revenue
$31.9 billion
+4.9% on the year
FY2008FY2014
Operating margin
13.5%
14.3% a year earlier
FY2008FY2014
Net income
$2.9 billion
-10.4% on the year
FY2008FY2014
Diluted EPS
$4.52
-8.3% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
31,875
30,394
29,778
+4.9%
Cost of revenue
22,190
21,010
20,790
+5.6%
Gross profit
9,684
9,384
8,988
+3.2%
Gross margin
30.4%
30.9%
30.2%
Research and development
640
715
560
-10.6%
Operating income
4,301
4,339
3,872
-0.9%
Operating margin
13.5%
14.3%
13.0%
Interest expense
17.6
14.0
15.1
+25.6%
Pre-tax income
4,298
4,339
3,904
-1.0%
Income tax
1,122
785
1,079
+42.9%
Effective tax rate
26.1%
18.1%
27.6%
Net income
2,941
3,282
2,554
-10.4%
Net margin
9.2%
10.8%
8.6%
Diluted EPS
$4.52
$4.93
$3.84
-8.3%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
3,486
3,303
4,257
+5.5%
Capital expenditure
322
370
372
-12.9%
Free cash flow
3,164
2,934
3,885
+7.9%
Free cash flow margin
9.9%
9.7%
13.0%
Cash from investing
-1,056
-1,156
-535
Cash from financing
-3,165
-3,066
-2,559
Depreciation and amortisation
621
593
594
+4.7%
Share-based compensation
671
616
538
+9.0%
Buybacks
2,559
2,544
2,099
+0.6%
Dividends paid
1,255
1,122
951
+11.9%
Dividend per share
$1.86
$1.62
$1.35
+14.8%
Diluted shares, weighted
692m
713m
726m
-2.9%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
5,732
4,960
4,146
+15.6%
Non-controlling interest
553
468
479
+18.3%
Debt
26.7
25.6
0.0
+4.4%
Other liabilities
11,618
11,414
12,041
+1.8%
Total liabilities and equity
17,930
16,867
16,665
+6.3%
Fixed assets
793
780
779
+1.8%
Goodwill
2,396
1,819
1,215
+31.7%
Intangible assets
398
326
n/a
+22.1%
Investments
69.4
46.2
30.4
+50.3%
Cash and equivalents
4,921
5,632
6,641
-12.6%
Receivables
3,860
3,333
3,081
+15.8%
Other assets
5,493
4,932
4,919
+11.4%
Total assets
17,930
16,867
16,665
+6.3%
10-K for the year ended 31 August 2014, filed 24 October 2014: the filing.