Accenture (ACN) FY2019 results: revenue $43.2 billion, up 5.4% on the year
Accenture plc (ACN) reported revenue of $43.2 billion for fiscal 2019, the year ended 31 August 2019, up 5.4% on the year before. Net income was $4.8 billion, up 17.7%, and diluted earnings per share $7.36. The figures are the company's own, from the 10-K it filed with the SEC on 29 October 2019.
Revenue
$43.2 billion
+5.4% on the year
FY2012FY2019
Operating margin
14.6%
14.4% a year earlier
FY2012FY2019
Net income
$4.8 billion
+17.7% on the year
FY2012FY2019
Diluted EPS
$7.36
+16.1% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
43,215
40,993
36,177
+5.4%
Cost of revenue
29,900
28,499
25,105
+4.9%
Gross profit
13,315
12,493
11,071
+6.6%
Gross margin
30.8%
30.5%
30.6%
Research and development
800
791
704
+1.1%
Operating income
6,305
5,899
5,191
+6.9%
Operating margin
14.6%
14.4%
14.4%
Interest expense
23.0
19.5
15.5
+17.5%
Pre-tax income
6,252
5,808
4,616
+7.6%
Income tax
1,406
1,593
981
-11.8%
Effective tax rate
22.5%
27.4%
21.3%
Net income
4,779
4,060
3,445
+17.7%
Net margin
11.1%
9.9%
9.5%
Diluted EPS
$7.36
$6.34
$5.44
+16.1%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
6,627
6,027
4,973
+10.0%
Capital expenditure
599
619
516
-3.3%
Free cash flow
6,028
5,408
4,457
+11.5%
Free cash flow margin
13.9%
13.2%
12.3%
Cash from investing
-1,756
-1,250
-2,234
Cash from financing
-3,767
-3,709
-3,560
Depreciation and amortisation
893
927
802
-3.7%
Share-based compensation
1,093
977
795
+11.9%
Buybacks
2,691
2,639
2,649
+2.0%
Dividends paid
1,864
1,709
1,568
+9.1%
Dividend per share
$2.92
$2.66
$2.42
+9.8%
Diluted shares, weighted
650m
655m
660m
-0.8%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
14,409
10,365
8,949
+39.0%
Non-controlling interest
419
360
761
+16.4%
Debt
22.7
25.0
25.1
-9.4%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
14,940
13,699
12,955
+9.1%
Total liabilities and equity
29,790
24,449
22,690
+21.8%
Fixed assets
1,391
1,264
1,141
+10.1%
Goodwill
6,206
5,383
5,002
+15.3%
Intangible assets
841
687
710
+22.4%
Investments
244
219
215
+11.4%
Cash and equivalents
6,127
5,061
4,127
+21.1%
Receivables
7,467
4,996
4,569
+49.5%
Other assets
7,515
6,838
6,926
+9.9%
Total assets
29,790
24,449
22,690
+21.8%
10-K for the year ended 31 August 2019, filed 29 October 2019: the filing.