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Accenture PLC (ACN)


Income Statement

Difficulty: Beginner

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Accenture PLC, Consolidated Income Statement

USD $ in thousands

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12 months ended Aug 31, 2018 Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014 Aug 31, 2013
Revenues 41,603,428  36,765,478  34,797,661  32,914,424  31,874,678  30,394,285 
Cost of services (29,160,515) (25,734,986) (24,520,234) (23,105,185) (22,190,212) (21,010,110)
Gross profit 12,442,913  11,030,492  10,277,427  9,809,239  9,684,466  9,384,175 
Sales and marketing (4,198,557) (3,754,313) (3,580,439) (3,505,045) (3,582,833) (3,481,891)
General and administrative costs (2,403,315) (2,133,777) (1,886,543) (1,803,943) (1,819,136) (1,835,646)
Pension settlement charge –  (509,793) –  (64,382) –  – 
Reorganization (costs) benefits, net –  –  –  –  18,015  272,042 
Operating income 5,841,041  4,632,609  4,810,445  4,435,869  4,300,512  4,338,680 
Interest income 56,337  37,940  30,484  33,991  30,370  32,893 
Interest expense (19,539) (15,545) (16,258) (14,578) (17,621) (14,035)
Other income (expense), net (69,746) (38,720) (69,922) (44,752) (15,560) (18,244)
Gain (loss) on sale of businesses –  (252) 848,823  –  –  – 
Income before income taxes 5,808,093  4,616,032  5,603,572  4,410,530  4,297,701  4,339,294 
Provision for income taxes (1,593,499) (981,100) (1,253,969) (1,136,741) (1,121,743) (784,775)
Net income 4,214,594  3,634,932  4,349,603  3,273,789  3,175,958  3,554,519 
Net income attributable to noncontrolling interests (154,687) (189,783) (237,711) (220,208) (234,460) (272,641)
Net income attributable to Accenture plc 4,059,907  3,445,149  4,111,892  3,053,581  2,941,498  3,281,878 

Based on: 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30), 10-K (filing date: 2014-10-24), 10-K (filing date: 2013-10-29).

Item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Accenture PLC’s revenues increased from 2016 to 2017 and from 2017 to 2018.
Operating income The net result for the period of deducting operating expenses from operating revenues. Accenture PLC’s operating income declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Accenture PLC’s income before income taxes declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Net income attributable to Accenture plc The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Accenture PLC’s net income attributable to Accenture plc declined from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level.