Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
Accenture PLC, consolidated balance sheet: assets
US$ in thousands
Based on: 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
- Cash and cash equivalents
- There is a fluctuating pattern in cash and cash equivalents, starting at approximately 6.13 billion in 2019, peaking at around 9.05 billion in 2023, and then declining sharply to about 5.00 billion in 2024.
- Short-term investments
- Short-term investments show variability but remain relatively minor compared to other assets, with a peak in 2020 followed by lower levels towards 2024.
- Receivables and Contract Assets
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Receivables alone exhibit an overall increasing trend over the six-year span, rising from roughly 7.47 billion to nearly 11.87 billion. Contract assets (current) also increase steadily, from about 628 million in 2019 to 1.79 billion in 2024.
Combined receivables and contract assets echo the same upward trend, more than doubling from approximately 8.10 billion in 2019 to nearly 13.66 billion in 2024, indicating growth in amounts owed to the company and contract work in progress.
- Other Current Assets and Current Assets Total
- Other current assets increased gradually from around 1.23 billion to over 2.18 billion, contributing to the steady growth of total current assets, which rose from 15.45 billion to a peak of almost 23.38 billion by 2023 before declining to approximately 20.86 billion in 2024.
- Non-Current Assets Composition
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Contract assets (non-current) show a notable increase, especially after 2021, more than tripling by 2024. Investments without readily determinable fair values and equity method investments generally fluctuate, with the latter decreasing significantly in recent years.
Property and equipment remain fairly stable, experiencing a slight decline after 2022. Operating lease assets peak around 2020 and show a gradual decline thereafter.
Goodwill exhibits a strong upward trajectory, increasing substantially from 6.21 billion in 2019 to over 21.12 billion in 2024, suggesting significant acquisitions or revaluations during this period. Intangibles also grow significantly, more than tripling over six years.
Deferred contract costs show moderate, consistent increases, while deferred tax assets remain relatively stable. Other non-current assets increase notably, especially in the final year, almost doubling from the previous period.
Overall, non-current assets increased greatly from about 14.34 billion in 2019 to 35.07 billion in 2024, reflecting expanded long-term investments and asset base growth.
- Total Assets
- Total assets display a robust upward trend, rising from approximately 29.79 billion in 2019 to 55.93 billion in 2024, effectively nearly doubling over this period. This increase is driven by substantial growth in non-current assets and steady increases in current assets through 2023, with a slight reduction in current assets contributing to a less pronounced rise in total assets in 2024.