Accenture (ACN) FY2020 results: revenue $44.3 billion, up 2.6% on the year
Accenture plc (ACN) reported revenue of $44.3 billion for fiscal 2020, the year ended 31 August 2020, up 2.6% on the year before. Net income was $5.1 billion, up 6.9%, and diluted earnings per share $7.89. The figures are the company's own, from the 10-K it filed with the SEC on 22 October 2020.
Revenue
$44.3 billion
+2.6% on the year
FY2013FY2020
Operating margin
14.7%
14.6% a year earlier
FY2013FY2020
Net income
$5.1 billion
+6.9% on the year
FY2013FY2020
Diluted EPS
$7.89
+7.2% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
44,327
43,215
40,993
+2.6%
Cost of revenue
30,351
29,900
28,499
+1.5%
Gross profit
13,976
13,315
12,493
+5.0%
Gross margin
31.5%
30.8%
30.5%
Research and development
871
800
791
+8.9%
Operating income
6,514
6,305
5,899
+3.3%
Operating margin
14.7%
14.6%
14.4%
Interest expense
33.1
23.0
19.5
+44.0%
Pre-tax income
6,774
6,252
5,808
+8.4%
Income tax
1,589
1,406
1,593
+13.1%
Effective tax rate
23.5%
22.5%
27.4%
Net income
5,108
4,779
4,060
+6.9%
Net margin
11.5%
11.1%
9.9%
Diluted EPS
$7.89
$7.36
$6.34
+7.2%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
8,215
6,627
6,027
+24.0%
Capital expenditure
599
599
619
+0.0%
Free cash flow
7,616
6,028
5,408
+26.3%
Free cash flow margin
17.2%
13.9%
13.2%
Cash from investing
-1,895
-1,756
-1,250
Cash from financing
-4,049
-3,767
-3,709
Depreciation and amortisation
1,022
893
927
+14.5%
Share-based compensation
1,198
1,093
977
+9.6%
Buybacks
2,916
2,691
2,639
+8.4%
Dividends paid
2,038
1,864
1,709
+9.3%
Dividend per share
$3.20
$2.92
$2.66
+9.6%
Diluted shares, weighted
648m
650m
655m
-0.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
17,001
14,409
10,365
+18.0%
Non-controlling interest
499
419
360
+19.1%
Debt
61.9
22.7
25.0
+173.1%
Operating lease liabilities
2,668
0.0
n/a
Other liabilities
16,850
14,940
13,699
+12.8%
Total liabilities and equity
37,079
29,790
24,449
+24.5%
Fixed assets
1,546
1,391
1,264
+11.1%
Goodwill
7,710
6,206
5,383
+24.2%
Intangible assets
1,029
841
687
+22.4%
Investments
419
244
219
+71.9%
Cash and equivalents
8,415
6,127
5,061
+37.4%
Receivables
7,192
7,467
4,996
-3.7%
Other assets
10,768
7,515
6,838
+43.3%
Total assets
37,079
29,790
24,449
+24.5%
10-K for the year ended 31 August 2020, filed 22 October 2020: the filing.