Stock Analysis on Net

Accenture PLC (NYSE:ACN)

Income Statement

The income statement presents information on the financial results of a company 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

US$ in thousands

Microsoft Excel
12 months ended: Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Revenues 64,111,745 61,594,305 50,533,389 44,327,039 43,215,013 41,603,428
Cost of services (43,380,138) (41,892,766) (34,169,261) (30,350,881) (29,900,325) (29,160,515)
Gross profit 20,731,607 19,701,539 16,364,128 13,976,158 13,314,688 12,442,913
Sales and marketing (6,582,629) (6,108,401) (5,288,237) (4,625,929) (4,447,456) (4,198,557)
General and administrative costs (4,275,943) (4,225,957) (3,454,362) (2,836,585) (2,562,158) (2,403,315)
Business optimization costs (1,063,146)
Operating income 8,809,889 9,367,181 7,621,529 6,513,644 6,305,074 5,841,041
Interest income 280,409 45,133 33,365 69,331 87,508 56,337
Interest expense (47,525) (47,320) (59,492) (33,071) (22,963) (19,539)
Other income (expense), net 96,559 (72,533) 165,714 224,427 (117,822) (69,746)
Loss on disposition of Russia business (96,294)
Income before income taxes 9,139,332 9,196,167 7,761,116 6,774,331 6,251,797 5,808,093
Income tax expense (2,135,802) (2,207,207) (1,770,571) (1,589,018) (1,405,556) (1,593,499)
Net income 7,003,530 6,988,960 5,990,545 5,185,313 4,846,241 4,214,594
Net income attributable to noncontrolling interests (131,973) (111,791) (83,736) (77,474) (67,129) (154,687)
Net income attributable to Accenture plc 6,871,557 6,877,169 5,906,809 5,107,839 4,779,112 4,059,907

Based on: 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), 10-K (reporting date: 2018-08-31).

Income statement 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 revenues increased from 2021 to 2022 and from 2022 to 2023.
Operating income The net result for the period of deducting operating expenses from operating revenues. Accenture PLC operating income increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
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 income before income taxes increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
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 net income attributable to Accenture plc increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.