Accenture (ACN) FY2021 results: revenue $50.5 billion, up 14.0% on the year
Accenture plc (ACN) reported revenue of $50.5 billion for fiscal 2021, the year ended 31 August 2021, up 14.0% on the year before. Net income was $5.9 billion, up 15.6%, and diluted earnings per share $9.16. The figures are the company's own, from the 10-K it filed with the SEC on 15 October 2021.
Revenue
$50.5 billion
+14.0% on the year
FY2014FY2021
Operating margin
15.1%
14.7% a year earlier
FY2014FY2021
Net income
$5.9 billion
+15.6% on the year
FY2014FY2021
Diluted EPS
$9.16
+16.1% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
50,533
44,327
43,215
+14.0%
Cost of revenue
34,169
30,351
29,900
+12.6%
Gross profit
16,364
13,976
13,315
+17.1%
Gross margin
32.4%
31.5%
30.8%
Research and development
1,118
871
800
+28.5%
Operating income
7,622
6,514
6,305
+17.0%
Operating margin
15.1%
14.7%
14.6%
Interest expense
59.5
33.1
23.0
+79.9%
Pre-tax income
7,761
6,774
6,252
+14.6%
Income tax
1,771
1,589
1,406
+11.4%
Effective tax rate
22.8%
23.5%
22.5%
Net income
5,907
5,108
4,779
+15.6%
Net margin
11.7%
11.5%
11.1%
Diluted EPS
$9.16
$7.89
$7.36
+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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
8,975
8,215
6,627
+9.3%
Capital expenditure
580
599
599
-3.2%
Free cash flow
8,395
7,616
6,028
+10.2%
Free cash flow margin
16.6%
17.2%
13.9%
Cash from investing
-4,310
-1,895
-1,756
Cash from financing
-4,926
-4,049
-3,767
Depreciation and amortisation
1,128
1,022
893
+10.3%
Share-based compensation
1,343
1,198
1,093
+12.1%
Buybacks
3,703
2,916
2,691
+27.0%
Dividends paid
2,236
2,038
1,864
+9.7%
Dividend per share
$3.52
$3.20
$2.92
+10.0%
Diluted shares, weighted
646m
648m
650m
-0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
19,529
17,001
14,409
+14.9%
Non-controlling interest
568
499
419
+13.8%
Debt
65.6
61.9
22.7
+5.9%
Operating lease liabilities
2,697
2,668
0.0
+1.1%
Other liabilities
20,316
16,850
14,940
+20.6%
Total liabilities and equity
43,176
37,079
29,790
+16.4%
Fixed assets
1,639
1,546
1,391
+6.1%
Goodwill
11,126
7,710
6,206
+44.3%
Intangible assets
1,711
1,029
841
+66.2%
Investments
334
419
244
-20.3%
Cash and equivalents
8,168
8,415
6,127
-2.9%
Receivables
8,797
7,192
7,467
+22.3%
Other assets
11,401
10,768
7,515
+5.9%
Total assets
43,176
37,079
29,790
+16.4%
10-K for the year ended 31 August 2021, filed 15 October 2021: the filing.