Accenture PLC (ACN)

(1 November 2016)

ACN Fundamentals

• Price / Earnings: 19.64
• Earnings Per Share: $6.40
• Market Cap: 72.0B
• Current Ratio: 1.34
• Return on Equity: 63.33%
• Dividend Yield: 1.91%
• Debt to Capital: 0.36%

Balance Sheet ($ in Thousands)

• Total Assets increased by $2,406,357.
• Total Current Liabilities increased $387,918.
• Long – term debt decreased $1,130.
• Total Equity increased $1,541,805.

Income Statement ($ in Thousands)

• Revenues increased by $1,883,237.
• Operating Income increased by $374,576.
• Net Income Attributable to ACN increased $1,075,814.
• Comprehensive Income increased by $1,348,049.

Cash Flow Statement ($ in Thousands)

• Net Cash provided by Operating Activities increased $482,978.
• Net Cash used in Investing Activities decreased $560,034.
• Net Cash used in Financing Activities increased $194,637.
• Cash and Cash Equivalents at end of period increased $544,843.

Business Acquisitions / Sales / Ventures

• On March 25, 2015, the Company acquired Agilex Technologies, Inc., a provider of digital solutions for the U.S. federal government, for $264,444, net of cash acquired. This acquisition enhanced Accenture’s digital capabilities in analytics, cloud and mobility for federal agencies and resulted in approximately 730 employees joining the Company.
• October 20, 2015, ACN acquired Cloud Sherpas, a leader in cloud advisory and tech services for approx. $409,424, net of cash acquired.
• January 26, 2016 ACN completed the sale of Navitaire LLC, a wholly owned subsidiary of the Company. They sold it to Amadeus IT Group for $832,810, of which, $214,500 was recorded as deferred revenue.
• April 18. 2016 – ACN announced an agreement with Apax Partners (global private equity firm), to form a joint venture to accelerate the innovation of claims, billing and policy administration software for insurance industry.
• On August 1, 2016, the Company completed the transfer of its Duck Creek business to Apax Partners LLP in exchange for $196,198, net of transaction costs and cash divested, and a 40% non-controlling interest in the newly formed joint venture, Duck Creek Technologies LLC (“Duck Creek”).

Entry and Exit Points

Entry Point

• $106

Exit Point

• $130