Accenture (ACN) FY2016 results: revenue $34.8 billion, up 5.7% on the year
Accenture plc (ACN) reported revenue of $34.8 billion for fiscal 2016, the year ended 31 August 2016, up 5.7% on the year before. Net income was $4.1 billion, up 34.7%, and diluted earnings per share $6.45. The figures are the company's own, from the 10-K it filed with the SEC on 28 October 2016.
Revenue
$34.8 billion
+5.7% on the year
FY2009FY2016
Operating margin
13.8%
13.5% a year earlier
FY2009FY2016
Net income
$4.1 billion
+34.7% on the year
FY2009FY2016
Diluted EPS
$6.45
+35.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
34,798
32,914
31,875
+5.7%
Cost of revenue
24,520
23,105
22,190
+6.1%
Gross profit
10,277
9,809
9,684
+4.8%
Gross margin
29.5%
29.8%
30.4%
Research and development
643
626
640
+2.9%
Operating income
4,810
4,436
4,301
+8.4%
Operating margin
13.8%
13.5%
13.5%
Interest expense
16.3
14.6
17.6
+11.5%
Pre-tax income
5,604
4,411
4,298
+27.0%
Income tax
1,254
1,137
1,122
+10.3%
Effective tax rate
22.4%
25.8%
26.1%
Net income
4,112
3,054
2,941
+34.7%
Net margin
11.8%
9.3%
9.2%
Diluted EPS
$6.45
$4.76
$4.52
+35.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
4,667
4,176
3,486
+11.8%
Capital expenditure
497
395
322
+25.7%
Free cash flow
4,171
3,781
3,164
+10.3%
Free cash flow margin
12.0%
11.5%
9.9%
Cash from investing
-610
-1,170
-1,056
Cash from financing
-3,489
-3,286
-3,165
Depreciation and amortisation
729
646
621
+12.9%
Share-based compensation
758
680
671
+11.4%
Buybacks
2,605
2,453
2,559
+6.2%
Dividends paid
1,438
1,353
1,255
+6.3%
Dividend per share
$2.20
$2.04
$1.86
+7.8%
Diluted shares, weighted
668m
679m
692m
-1.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
7,555
6,134
5,732
+23.2%
Non-controlling interest
634
514
553
+23.4%
Debt
27.2
27.4
26.7
-0.7%
Other liabilities
12,392
11,528
11,618
+7.5%
Total liabilities and equity
20,609
18,203
17,930
+13.2%
Fixed assets
957
802
793
+19.3%
Goodwill
3,609
2,930
2,396
+23.2%
Intangible assets
510
465
398
+9.7%
Investments
202
47.5
69.4
+324.5%
Cash and equivalents
4,906
4,361
4,921
+12.5%
Receivables
4,072
3,841
3,860
+6.0%
Other assets
6,354
5,757
5,493
+10.4%
Total assets
20,609
18,203
17,930
+13.2%
10-K for the year ended 31 August 2016, filed 28 October 2016: the filing.