Stock Analysis on Net

Accenture PLC (NYSE:ACN)

Cash Flow Statement 
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Accenture PLC, consolidated cash flow statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: May 31, 2025 Feb 28, 2025 Nov 30, 2024 Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 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
Net income 2,243,963 1,822,441 2,316,190 1,718,666 1,981,348 1,709,202 2,009,981 1,408,212 2,048,335 1,550,683 1,996,300 1,692,385 1,819,316 1,657,529 1,819,730 1,437,423 1,569,572 1,461,493 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
Depreciation, amortization and other 568,452 544,870 569,340 596,405 521,305 528,928 521,400 641,281 601,099 532,476 506,229 534,905 524,186 528,260 500,865 486,281 478,986 457,775 468,200 486,890 444,660 442,116 399,458 240,168 221,309 219,598 211,685
Share-based compensation expense 497,792 686,114 470,425 402,788 473,931 641,871 423,000 383,017 472,695 631,870 425,469 360,234 407,257 546,607 365,691 275,700 331,038 424,892 311,321 259,706 290,866 372,305 274,929 236,301 263,674 346,762 246,516
Deferred tax expense (benefit) 88,453 134,133 59,222 (171,731) 111,883 (9,769) (24,371) (132,716) (43,942) (37,758) (54,537) (185,510) (12,114) 14,521 (30,191) 120,643 (64,219) 23,602 (19,096) 42,706 41,256 50,398 36,591 (49,230) 2,494 (46,990) (2,634)
Other, net (45,547) (52,620) (19,903) 79,283 (57,106) (173,892) 6,795 9,840 (286,256) 103,274 (45,940) (95,996) 10,479 (39,976) (70,482) (51,753) (30,874) (156,416) (103,806) (100,924) 26,343 (48,359) (120,927) (1,797) (6,300) (37,181) (42,244)
Receivables and contract assets, current and non-current (307,226) 303,007 (1,225,106) (14,720) 60,120 188,896 (836,231) 497,883 (51,695) 250,914 (609,433) 182,829 (794,219) (446,150) (1,354,195) (159,629) (625,060) (92,449) (594,475) 817,865 224,342 116,165 (436,872) (32,564) (11,797) 54,946 (536,882)
Other current and non-current assets (211,068) (445,907) (441,514) 40,706 (266,345) 31,084 (658,647) 62,730 (53,685) (227,313) (307,960) (3,278) (102,939) (390,171) (220,522) (221,948) (30,508) (321,251) (18,129) (19,657) (45,369) (337,360) (101,096) (116,675) (90,554) (126,801) (155,787)
Accounts payable (23,244) 44,025 (124,399) 394,655 (34,202) (362,669) 48,728 71,416 (90,895) 50,444 (202,182) 232,063 187,761 13,086 (58,561) 303,385 157,581 216,011 148,495 (113,964) (124,721) (59,068) (61,929) 83,042 65,414 43,217 (14,487)
Deferred revenues, current and non-current 253,660 759,192 (313,397) (284,481) (119,967) 943,240 (510,391) (221,302) (38,192) 690,301 (270,988) 63,009 14,939 721,243 (150,685) 77,714 30,812 597,660 (151,356) (27,067) (159,782) 608,369 (185,313) (84,566) (95,660) 425,013 13,280
Accrued payroll and related benefits 646,609 (477,339) (307,357) 496,119 429,909 (1,267,036) (273,763) 802,664 648,891 (941,725) (771,743) 782,256 1,031,217 (264,509) (276,965) 529,603 564,848 302,174 48,385 467,338 356,428 (570,019) (261,592) 454,900 487,905 (636,992) 81,117
Income taxes payable, current and non-current 74,743 (345,206) 50,891 205,547 217,732 (394,345) 85,142 55,506 168,573 (226,015) 115,187 113,051 104,865 66,425 188,972 (80,567) 212,340 (54,733) 34,755 (19,140) 111,604 (122,106) 84,840 (110,398) 25,451 (30,415) (47,554)
Other current and non-current liabilities (102,221) (119,310) (11,906) (73,806) (176,606) 265,533 (293,092) (169,143) (85,557) (47,040) (285,004) 114,162 (126,093) (251,372) (182,786) (280,420) (193,366) (324,037) (43,506) 56,957 323,200 (173,882) (216,346) 351,524 (7,043) 7,773 (16,826)
Change in assets and liabilities, net of acquisitions 331,253 (281,538) (2,372,788) 764,020 110,641 (595,297) (2,438,254) 1,099,754 497,440 (450,434) (2,332,123) 1,484,092 315,531 (551,448) (2,054,742) 168,138 116,647 323,375 (575,831) 1,162,332 685,702 (537,901) (1,178,308) 545,263 373,716 (263,259) (677,139)
Adjustments to reconcile Net income to Net cash provided by operating activities 1,440,403 1,030,959 (1,293,704) 1,670,765 1,160,654 391,841 (1,511,430) 2,001,176 1,241,036 779,428 (1,500,902) 2,097,725 1,245,339 497,964 (1,288,859) 999,009 831,578 1,073,228 80,788 1,850,710 1,488,827 278,559 (588,257) 970,705 854,893 218,930 (263,816)
Net cash provided by operating activities 3,684,366 2,853,400 1,022,486 3,389,431 3,142,002 2,101,043 498,551 3,409,388 3,289,371 2,330,111 495,398 3,790,110 3,064,655 2,155,493 530,871 2,436,432 2,401,150 2,534,721 1,602,845 3,156,134 2,741,466 1,530,641 786,911 2,116,253 2,123,542 1,359,650 1,027,508
Purchases of property and equipment (169,107) (170,812) (152,205) (213,636) (124,117) (109,823) (68,933) (180,294) (141,500) (107,548) (98,830) (177,051) (194,616) (164,660) (181,671) (236,295) (158,212) (92,510) (93,115) (188,718) (149,981) (165,370) (95,063) (241,260) (140,261) (139,797) (77,691)
Purchases of businesses and investments, net of cash acquired (297,140) (250,795) (241,560) (1,343,522) (2,329,700) (2,121,455) (788,025) (1,196,856) (257,020) (390,527) (686,460) (1,235,164) (363,614) (113,746) (1,735,028) (2,626,711) (429,237) (611,332) (503,843) (205,233) (742,062) (474,456) (109,848) (137,156) (540,833) (314,665) (200,417)
Proceeds from the sale of businesses and investments, net of cash transferred 7,315 10,163 5,270 7,816 20,905 6,274 400,238 17,279 596 440 (111,660) 3,474 87 3,725 (314) 261,140 149,002 145,507 5,686 40,000 39,200 36 26,106 1,368 441
Other investing, net 3,380 4,160 2,971 2,168 2,851 2,125 1,528 3,786 3,273 2,499 2,620 3,183 2,936 2,430 4,031 7,965 15,075 3,347 1,549 2,102 1,362 2,537 (182) 2,512 (177) 1,419 4,799
Net cash used in investing activities (455,552) (407,284) (385,524) (1,547,174) (2,450,966) (2,208,248) (855,430) (1,367,090) 4,991 (478,297) (782,074) (1,408,592) (666,954) (272,502) (1,912,581) (2,851,316) (572,688) (439,355) (446,407) (246,342) (884,995) (597,289) (165,893) (375,868) (655,165) (451,675) (272,868)
Proceeds from issuance of shares 509,989 210,287 477,367 150,808 504,516 285,373 477,434 156,432 537,016 341,914 465,707 149,213 497,974 292,747 409,130 126,211 392,478 208,195 338,891 105,743 349,165 200,000 300,400 93,992 308,176 180,095 266,182
Purchases of shares (1,799,527) (1,447,818) (898,264) (628,430) (1,383,242) (1,321,846) (1,191,128) (1,004,553) (788,937) (1,118,211) (1,418,702) (605,487) (972,171) (1,693,354) (845,366) (914,648) (834,995) (1,184,586) (768,895) (589,892) (626,688) (970,056) (729,211) (406,527) (488,453) (1,007,807) (788,327)
Proceeds from debt 5,061,085 1,599,033
Repayments of debt (931,885) (671,246) (100,000)
Proceeds from (repayments of) debt, net (legacy) 93,622 44 1,203 (1,611) (4,923) (2,653) (5,429) (3,448) (6,512) (562) (642) (82) (6,512) 159 204 (570) (3,789) (111) (503) (369)
Cash dividends paid (923,894) (928,992) (925,558) (807,869) (810,976) (812,578) (810,056) (706,063) (707,742) (708,022) (705,567) (613,730) (613,785) (616,583) (613,208) (557,930) (559,070) (561,042) (558,052) (509,201) (508,913) (511,238) (508,381) (931,515) (932,838)
Other financing, net (6,548) (38,505) (30,997) (472,213) (26,235) (16,690) (28,163) (19,739) (13,205) (32,225) (16,687) (26,485) (12,804) (14,096) (16,568) (14,906) (10,219) (8,658) (11,313) (13,680) (11,773) (8,186) (10,462) (34,694) (10,159) (3,708) (6,816)
Net cash provided by (used in) financing activities (2,219,980) (2,205,028) 2,751,748 (2,428,950) (216,904) (1,865,741) (1,551,913) (1,480,301) (972,824) (1,515,341) (1,676,860) (1,101,412) (1,103,439) (2,036,715) (1,069,460) (1,367,785) (1,012,368) (1,546,733) (999,451) (1,013,542) (798,050) (1,289,276) (948,224) (351,018) (1,122,062) (831,923) (1,462,168)
Effect of exchange rate changes on cash and cash equivalents 132,335 (56,705) (87,124) 53,945 (58,022) (46,788) 4,601 (52,411) (24,879) 2,611 (26,594) (93,841) (56,810) (17,277) (79,887) (58,537) 26,708 23,942 21,686 76,819 (52,616) (18,157) 10,890 (31,672) (42,046) 25,047 9,958
Net increase (decrease) in cash and cash equivalents 1,141,169 184,383 3,301,586 (532,748) 416,110 (2,019,734) (1,904,191) 509,586 2,296,659 339,084 (1,990,130) 1,186,265 1,237,452 (171,001) (2,531,057) (1,841,206) 842,802 572,575 178,673 1,973,069 1,005,805 (374,081) (316,316) 1,357,695 304,269 101,099 (697,570)

Based on: 10-Q (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-K (reporting date: 2024-08-31), 10-Q (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-K (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-K (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-K (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-K (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30).


Net Income Trend
Net income exhibits a generally upward trajectory over the analyzed periods, starting from approximately $1.29 billion in late 2018 and reaching peaks exceeding $2.3 billion by late 2024. Despite some fluctuations, there is a noticeable increase in profitability, particularly from 2021 onwards, indicating improved operational performance.
Depreciation, Amortization, and Other Expenses
These expenses show an increasing trend overall, rising from about $212 million in late 2018 to more than $568 million by mid-2025. The upward movement suggests growing investment in long-term assets or increasing amortization costs, reflecting the company's expanding asset base or changing accounting estimates.
Share-Based Compensation Expense
The share-based compensation expense fluctuates significantly but demonstrates an upward trend, with amounts increasing from approximately $247 million to peaks over $686 million in certain quarters. The variability is pronounced but highlights a rising cost related to employee incentives over time.
Deferred Tax Expense (Benefit)
This item shows irregular patterns with alternating positive and negative values, implying varied tax positions across quarters. The scattered nature of these entries points to episodic tax adjustments or timing differences impacting deferred tax balances.
Other, Net
The 'Other, net' line exhibits volatility, with values swinging between negative and positive, indicating some irregular or non-recurring factors affecting this component. The significant negative values in certain periods suggest occasional charges or losses netted against the overall result.
Receivables and Contract Assets
This balance is highly volatile and alternates between negative and positive substantial values, reflecting considerable fluctuations in the company's account receivables and contract assets. These swings indicate changes in billing patterns, customer payments, or contract timing.
Other Current and Non-Current Assets
The trend for other assets is predominantly negative, showing substantial decreases at various points, particularly around 2021 and 2024, suggesting disposals, write-downs, or reclassifications impacting these asset categories.
Accounts Payable
Accounts payable fluctuates notably throughout the period, moving from slight negative to large positive values and back, indicating variable payment cycles and supplier terms. The variability may reflect adjustments in working capital management and supply chain financing.
Deferred Revenues
Deferred revenues show significant oscillations and extremes, including large positive and negative values. This suggests cyclical changes in advance payments received from customers, possibly related to contract timing or billing practices.
Accrued Payroll and Related Benefits
There is notable volatility in accrued payroll, with steep swings from large positive to large negative values, indicating major shifts in payroll obligations and benefit accruals, possibly due to workforce changes or timing differences in payroll recognition.
Income Taxes Payable
Income taxes payable alternate frequently between positive and negative figures, reflecting changing tax liabilities and refunds, consistent with fluctuating taxable income and tax period adjustments.
Other Current and Non-Current Liabilities
This line has notable irregularity with alternating positive and negative values, suggesting episodic adjustments related to miscellaneous liabilities or provisions.
Changes in Assets and Liabilities (Net of Acquisitions)
These changes display considerable volatility, with large positive and negative values indicating significant variations in working capital components, acquisitions, or disposals affecting net asset and liability balances.
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Adjustments fluctuate widely but remain substantially positive in many periods, highlighting significant non-cash items and working capital adjustments essential for deriving cash flow from net income.
Net Cash Provided by Operating Activities
This cash flow measure shows strong growth over time, with cash generated by operations increasing from approximately $1 billion to peaks over $3.6 billion. The increase aligns with rising net income and suggests efficient cash conversion from earnings.
Purchases of Property and Equipment
Capital expenditures maintain a broadly consistent scale, generally fluctuating between approximately $70 million and $240 million per quarter. There is some variability but no clear increasing or decreasing long-term trend.
Purchases and Sales of Businesses and Investments
Business acquisition outflows demonstrate substantial activity and volatility, with significant negative cash flows indicative of frequent and large-scale investments. Proceeds from sales show smaller, more irregular inflows, reflecting selective divestitures or asset sales.
Net Cash Used in Investing Activities
Investing activities predominantly consume cash, with net outflows often totaling hundreds of millions to low billions quarterly. This suggests ongoing investment in fixed assets and acquisitions despite intermittent sales of assets.
Issuance and Purchases of Shares
Share issuance proceeds occur regularly and in large amounts, while purchases of shares simulate substantial and often larger cash outflows, pointing to active share repurchase programs aimed at capital returns or share price support.
Proceeds and Repayments of Debt
Debt-related cash flows show sporadic activity with large inflows and outflows at distinct intervals, including a notable issuance of over $5 billion around mid-2024. These movements indicate strategic financing maneuvers to support capital structure or liquidity needs.
Cash Dividends Paid
Dividend payments are consistently large and stable, reflecting ongoing commitment to shareholder returns through regular distributions, with amounts generally increasing over time from around $500 million to over $900 million per quarter.
Other Financing Activities and Net Cash Provided by/Used in Financing Activities
Other financing activities show mostly negative cash flows, and overall financing activities typically result in significant net outflows, mainly driven by share repurchases and dividend payments. However, exceptional inflows occur coinciding with large debt issuances.
Effect of Exchange Rate Changes on Cash
The currency translation effects contribute fluctuating positive and negative impacts on cash balances, reflecting exchange rate volatility and its influence on cash positions of the company’s foreign operations.
Net Change in Cash and Cash Equivalents
Cash balances undergo sizeable volatility with periods of both significant increases and decreases. Notable positive cash changes appear in several quarters following strong operating cash flows, though some large declines also occur, corresponding to investing and financing outflows or exchange impacts.