Stock Analysis on Net
Stock Analysis on Net

Accenture PLC (NYSE:ACN)

Income Statement
Quarterly Data

Beginner level

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 (quarterly data)

US$ in thousands

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3 months ended: Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014
Revenues 11,762,185  10,835,271  10,991,305  11,141,505  11,358,958  11,055,650  11,099,688  10,454,129  10,605,546  10,642,249  10,838,854  10,067,832  10,054,493  9,640,906  9,356,787  8,762,182  9,005,603  8,965,580  8,969,044  8,397,053  8,465,984  8,364,511  8,275,066  7,931,590  8,343,257 
Cost of services (7,863,889) (7,394,731) (7,462,617) (7,782,334) (7,711,199) (7,621,034) (7,571,390) (7,399,780) (7,308,121) (7,419,118) (7,519,726) (7,219,438) (7,002,233) (6,754,233) (6,447,156) (6,258,026) (6,275,571) (6,310,040) (6,279,492) (6,027,237) (5,903,465) (5,860,106) (5,750,161) (5,690,951) (5,803,967)
Gross profit 3,898,296  3,440,540  3,528,688  3,359,171  3,647,759  3,434,616  3,528,298  3,054,349  3,297,425  3,223,131  3,319,128  2,848,394  3,052,260  2,886,673  2,909,631  2,504,156  2,730,032  2,655,540  2,689,552  2,369,816  2,562,519  2,504,405  2,524,905  2,240,639  2,539,290 
Sales and marketing (1,227,176) (1,153,949) (1,118,204) (1,162,653) (1,191,123) (1,173,240) (1,184,164) (1,020,036) (1,070,016) (1,090,241) (1,107,138) (999,389) (1,001,789) (1,007,769) (986,228) (871,489) (888,827) (940,544) (933,770) (830,332) (875,793) (924,114) (874,713) (798,644) (907,574)
General and administrative costs (780,451) (741,888) (697,751) (707,573) (689,373) (689,883) (626,191) (647,687) (598,397) (680,219) (592,264) (566,241) (564,591) (582,342) (548,175) (494,014) (509,246) (519,798) (449,839) (451,440) (465,466) (486,683) (452,291) (420,962) (444,007)
Pension settlement charge —  —  —  —  —  —  —  —  —  —  —  —  —  —  (509,793) —  —  —  —  —  —  —  (64,382) —  — 
Operating income 1,890,669  1,544,703  1,712,733  1,488,945  1,767,263  1,571,493  1,717,943  1,386,626  1,629,012  1,452,671  1,619,726  1,282,764  1,485,880  1,296,562  865,435  1,138,653  1,331,959  1,195,198  1,305,943  1,088,044  1,221,260  1,093,608  1,133,519  1,021,033  1,187,709 
Interest income 10,685  7,855  12,671  21,386  27,419  27,394  21,402  19,081  19,631  22,755  12,687  9,459  11,436  12,366  8,549  8,728  8,297  8,952  7,679  6,727  7,126  8,111  6,441  9,340  10,099 
Interest expense (8,854) (14,069) (4,961) (8,567) (5,474) (7,491) (5,348) (5,619) (4,505) (5,153) (5,839) (3,840) (4,707) (4,908) (3,613) (3,976) (3,048) (3,952) (3,711) (4,543) (4,052) (3,832) (4,030) (3,905) (2,811)
Other income (expense), net 94,367  244,866  (39,670) 7,792  11,439  (30,644) (29,690) (23,834) (33,654) (13,659) (14,016) (43,586) 1,515  (15,874) (4,213) (12,546) (6,087) (36,531) (16,207) (21,213) 4,029  (16,426) (3,839) (21,508) (2,979)
Gain (loss) on sale of businesses —  —  —  —  —  —  —  —  —  —  —  —  —  3,855  8,242  (12,349) —  295,246  —  553,577  —  —  —  —  — 
Income before income taxes 1,986,867  1,783,355  1,680,773  1,509,556  1,800,647  1,560,752  1,704,307  1,376,254  1,610,484  1,456,614  1,612,558  1,244,797  1,494,124  1,292,001  874,400  1,118,510  1,331,121  1,458,913  1,293,704  1,622,592  1,228,363  1,081,461  1,132,091  1,004,960  1,192,018 
Income tax expense (464,810) (477,931) (428,134) (257,474) (425,479) (415,204) (435,658) (235,534) (319,160) (408,243) (554,417) (325,257) (305,582) (308,827) (169,599) (231,302) (271,372) (328,132) (343,421) (222,734) (359,682) (293,336) (281,861) (261,768) (299,776)
Net income 1,522,057  1,305,424  1,252,639  1,252,082  1,375,168  1,145,548  1,268,649  1,140,720  1,291,324  1,048,371  1,058,141  919,540  1,188,542  983,174  704,801  887,208  1,059,749  1,130,781  950,283  1,399,858  868,681  788,125  850,230  743,192  892,242 
Net income attributable to noncontrolling interests (21,781) (17,495) (24,437) (17,342) (18,200) (15,121) (19,133) (16,271) (16,604) (18,847) (15,121) (55,837) (64,882) (50,721) (35,333) (48,456) (55,273) (61,555) (53,036) (73,338) (49,782) (50,497) (56,533) (52,466) (60,712)
Net income attributable to Accenture plc 1,500,276  1,287,929  1,228,202  1,234,740  1,356,968  1,130,427  1,249,516  1,124,449  1,274,720  1,029,524  1,043,020  863,703  1,123,660  932,453  669,468  838,752  1,004,476  1,069,226  897,247  1,326,520  818,899  737,628  793,697  690,726  831,530 

Based on: 10-Q (filing date: 2020-12-17), 10-K (filing date: 2020-10-22), 10-Q (filing date: 2020-06-25), 10-Q (filing date: 2020-03-19), 10-Q (filing date: 2019-12-19), 10-K (filing date: 2019-10-29), 10-Q (filing date: 2019-06-27), 10-Q (filing date: 2019-03-28), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-24), 10-Q (filing date: 2018-06-28), 10-Q (filing date: 2018-03-22), 10-Q (filing date: 2017-12-21), 10-K (filing date: 2017-10-26), 10-Q (filing date: 2017-06-22), 10-Q (filing date: 2017-03-23), 10-Q (filing date: 2016-12-21), 10-K (filing date: 2016-10-28), 10-Q (filing date: 2016-06-23), 10-Q (filing date: 2016-03-24), 10-Q (filing date: 2015-12-17), 10-K (filing date: 2015-10-30), 10-Q (filing date: 2015-06-25), 10-Q (filing date: 2015-03-26), 10-Q (filing date: 2014-12-18).

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’s revenues decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 exceeding Q3 2020 level.
Operating income The net result for the period of deducting operating expenses from operating revenues. Accenture PLC’s operating income decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 exceeding Q3 2020 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 increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.