Accenture (ACN) FY2018 results: revenue $41.0 billion, up 13.3% on the year
Accenture plc (ACN) reported revenue of $41.0 billion for fiscal 2018, the year ended 31 August 2018, up 13.3% on the year before. Net income was $4.1 billion, up 17.8%, and diluted earnings per share $6.34. The figures are the company's own, from the 10-K it filed with the SEC on 24 October 2018.
Revenue
$41.0 billion
+13.3% on the year
FY2011FY2018
Operating margin
14.4%
14.4% a year earlier
FY2011FY2018
Net income
$4.1 billion
+17.8% on the year
FY2011FY2018
Diluted EPS
$6.34
+16.5% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
40,993
36,177
34,798
+13.3%
Cost of revenue
28,499
25,105
24,520
+13.5%
Gross profit
12,493
11,071
10,277
+12.8%
Gross margin
30.5%
30.6%
29.5%
Research and development
791
704
643
+12.3%
Operating income
5,899
5,191
4,810
+13.6%
Operating margin
14.4%
14.4%
13.8%
Interest expense
19.5
15.5
16.3
+25.7%
Pre-tax income
5,808
4,616
5,604
+25.8%
Income tax
1,593
981
1,254
+62.4%
Effective tax rate
27.4%
21.3%
22.4%
Net income
4,060
3,445
4,112
+17.8%
Net margin
9.9%
9.5%
11.8%
Diluted EPS
$6.34
$5.44
$6.45
+16.5%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
6,027
4,973
4,667
+21.2%
Capital expenditure
619
516
497
+20.0%
Free cash flow
5,408
4,457
4,171
+21.3%
Free cash flow margin
13.2%
12.3%
12.0%
Cash from investing
-1,250
-2,234
-610
Cash from financing
-3,709
-3,560
-3,489
Depreciation and amortisation
927
802
729
+15.6%
Share-based compensation
977
795
758
+22.8%
Buybacks
2,639
2,649
2,605
-0.4%
Dividends paid
1,709
1,568
1,438
+9.0%
Dividend per share
$2.66
$2.42
$2.20
+9.9%
Diluted shares, weighted
655m
660m
668m
-0.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
10,365
8,949
7,555
+15.8%
Non-controlling interest
360
761
634
-52.7%
Debt
25.0
25.1
27.2
-0.2%
Other liabilities
13,699
12,955
12,392
+5.7%
Total liabilities and equity
24,449
22,690
20,609
+7.8%
Fixed assets
1,264
1,141
957
+10.8%
Goodwill
5,383
5,002
3,609
+7.6%
Intangible assets
687
710
510
-3.3%
Investments
219
215
202
+1.9%
Cash and equivalents
5,061
4,127
4,906
+22.6%
Receivables
4,996
4,569
4,072
+9.4%
Other assets
6,838
6,926
6,354
-1.3%
Total assets
24,449
22,690
20,609
+7.8%
10-K for the year ended 31 August 2018, filed 24 October 2018: the filing.