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These terms and conditions govern your use of the website alphaminr.com and its related services.
These Terms and Conditions (“Terms”) are a binding contract between you and Alphaminr, (“Alphaminr”, “we”, “us” and “service”). You must agree to and accept the Terms. These Terms include the provisions in this document as well as those in the Privacy Policy. These terms may be modified at any time.
Your subscription will be on a month to month basis and automatically renew every month. You may terminate your subscription at any time through your account.
We will provide you with advance notice of any change in fees.
You represent that you are of legal age to form a binding contract. You are responsible for any
activity associated with your account. The account can be logged in at only one computer at a
time.
The Services are intended for your own individual use. You shall only use the Services in a
manner that complies with all laws. You may not use any automated software, spider or system to
scrape data from Alphaminr.
Alphaminr is not a financial advisor and does not provide financial advice of any kind. The service is provided “As is”. The materials and information accessible through the Service are solely for informational purposes. While we strive to provide good information and data, we make no guarantee or warranty as to its accuracy.
TO THE EXTENT PERMITTED BY APPLICABLE LAW, UNDER NO CIRCUMSTANCES SHALL ALPHAMINR BE LIABLE TO YOU FOR DAMAGES OF ANY KIND, INCLUDING DAMAGES FOR INVESTMENT LOSSES, LOSS OF DATA, OR ACCURACY OF DATA, OR FOR ANY AMOUNT, IN THE AGGREGATE, IN EXCESS OF THE GREATER OF (1) FIFTY DOLLARS OR (2) THE AMOUNTS PAID BY YOU TO ALPHAMINR IN THE SIX MONTH PERIOD PRECEDING THIS APPLICABLE CLAIM. SOME STATES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL OR CERTAIN OTHER DAMAGES, SO THE ABOVE LIMITATION AND EXCLUSIONS MAY NOT APPLY TO YOU.
If any provision of these Terms is found to be invalid under any applicable law, such provision shall not affect the validity or enforceability of the remaining provisions herein.
This privacy policy describes how we (“Alphaminr”) collect, use, share and protect your personal information when we provide our service (“Service”). This Privacy Policy explains how information is collected about you either directly or indirectly. By using our service, you acknowledge the terms of this Privacy Notice. If you do not agree to the terms of this Privacy Policy, please do not use our Service. You should contact us if you have questions about it. We may modify this Privacy Policy periodically.
When you register for our Service, we collect information from you such as your name, email address and credit card information.
Like many other websites we use “cookies”, which are small text files that are stored on your computer or other device that record your preferences and actions, including how you use the website. You can set your browser or device to refuse all cookies or to alert you when a cookie is being sent. If you delete your cookies, if you opt-out from cookies, some Services may not function properly. We collect information when you use our Service. This includes which pages you visit.
We use Google Analytics and we use Stripe for payment processing. We will not share the information we collect with third parties for promotional purposes. We may share personal information with law enforcement as required or permitted by law.
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ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to
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Ireland
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98-0627530
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer Identification No.)
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Title of each class
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Name of each exchange on which registered
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Class A ordinary shares, par value $0.0000225 per share
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New York Stock Exchange
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Large accelerated filer
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Accelerated filer
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Non-accelerated filer
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Smaller reporting company
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(Do not check if a smaller reporting company)
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Page
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Part I
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Item 1.
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Item 1A.
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Item 1B.
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Item 2.
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Item 3.
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Item 4.
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Mine Safety Disclosures
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Part II
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Item 5.
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Item 6.
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Item 7.
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Item 7A.
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Item 8.
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Item 9.
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Item 9A.
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Item 9B.
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Part III
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Item 10.
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Item 11.
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Item 12.
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Item 13.
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Item 14.
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Part IV
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Item 15.
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Operating Groups and Industry Groups
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Communications, Media & Technology
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Financial
Services
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Health &
Public Service
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Products
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Resources
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• Communications
• Electronics & High Tech
• Media & Entertainment
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• Banking
• Capital Markets
• Insurance
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• Health
• Public Service
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• Air, Freight & Travel Services
• Automotive
• Consumer Goods & Services
• Industrial Equipment
• Infrastructure & Transportation Services
• Life Sciences
• Retail
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• Chemicals
• Energy
• Natural Resources
• Utilities
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Communications.
Our Communications industry group serves most of the world’s leading wireline, wireless, cable and satellite communications and service providers. We provide a range of services designed to help our communications clients grow revenues, increase profitability and improve customer satisfaction. We offer a portfolio of consulting, technology and outsourcing services designed to address major business and operational issues related to sales and service channels, new product innovation, network functions, corporate and enterprise functions and information technology. Our Communications industry group represented approximately 53% of our Communications, Media & Technology operating group’s net revenues in fiscal 2012.
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Electronics & High Tech.
Our Electronics & High Tech industry group serves the following industries: information and communications technology, software, semiconductor, consumer electronics, aerospace and defense, and medical equipment. We provide services in areas such as strategy, enterprise resource management, customer relationship management, integrated mobile services, embedded software services, product lifecycle management, sales transformation, digital marketing services, supply chain management, and merger/acquisition integration. Our Electronics & High Tech industry group represented approximately 37% of our Communications, Media & Technology operating group’s net revenues in fiscal 2012.
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Media & Entertainment.
Our Media & Entertainment industry group serves the broadcast, entertainment, print, publishing and portal industries. We provide a wide range of services, including digital marketing, performance advertising, digital rights management, and digital content and media technologies designed to help clients effectively manage, access, distribute and protect content across multiple platforms and devices. We also provide additional
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Banking.
Our Banking industry group works with retail and commercial banks, mortgage lenders and diversified financial enterprises. We help these organizations develop and execute strategies to lower operating costs; acquire and retain customers more effectively; expand product and service offerings; manage risk; comply with new regulatory initiatives; support integration related to mergers and acquisitions; and leverage new technologies and distribution channels. Our Banking industry group represented approximately 53% of our Financial Services operating group’s net revenues in fiscal 2012.
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Capital Markets.
Our Capital Markets industry group helps investment banks, broker/dealers, asset management firms, depositories, exchanges and clearing and settlement organizations by providing consulting and outsourcing services to improve their businesses to increase competitiveness. We help clients develop and implement trading, wealth and asset-management, and market infrastructure systems and solutions.
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Insurance.
Our Insurance industry group helps property and casualty insurers, life insurers, reinsurance firms and insurance brokers improve business processes, modernize their technologies and improve the quality and consistency of risk selection decisions. We offer claims and policy management software and services designed to enable insurers to provide better customer service while optimizing costs and to deliver innovative products to market more quickly and efficiently. We also provide a variety of outsourcing solutions designed to help insurers improve working capital and cash flow, deliver cost savings and enhance long-term growth. Our Insurance industry group represented approximately 31% of our Financial Services operating group’s net revenues in fiscal 2012.
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Health.
Our Health industry group works with healthcare providers, government health departments, policy-making authorities/regulators, managed care organizations, health insurers and other industry-related organizations around the world to improve the quality, accessibility and affordability of healthcare. Our key offerings address a variety of areas, including electronic medical records; health insurance exchanges; back-office services for hospitals and health plans; sales and marketing; core administration services; care management services; claims excellence/cost containment; and corporate functions, including human resources, finance, procurement and information technology. Our Health industry group represented approximately 30% of our Health & Public Service operating group’s net revenues in fiscal 2012.
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Public Service.
Our Public Service industry group helps governments position themselves for the future by transforming the way they deliver public services and engage with citizens. We provide services designed to help them increase the efficiency of their operations, improve service delivery to citizens and reduce their overall costs. We work primarily with defense, revenue, human services, public health, postal, justice and public safety authorities or agencies, and our clients include national, state and local-level government organizations, as well as pan-geographic organizations. Our Public Service industry group represented approximately 70% of our Health & Public Service operating group’s net revenues in fiscal 2012. In addition, our work with clients in the U.S. federal government represented approximately 28% of our Health & Public Service operating group’s net revenues in fiscal 2012.
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Air, Freight & Travel Services.
Our Air, Freight & Travel Services industry group serves airlines, freight and logistics companies, and travel services companies, including hotels, tour operators, rental car companies and cruise operators. We help clients address organizational effectiveness by developing and implementing more efficient networks, optimizing back-office functions, integrating supply chains, developing procurement strategies and building improved customer
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Automotive.
Our Automotive industry group works with original equipment manufacturers and suppliers. We help clients respond to the evolving needs of their customers with offerings that range from in-vehicle infotainment to customer-centered sales and marketing. In addition, our global capabilities are designed to improve efficiencies and drive value in areas including global manufacturing, aftersales and services and product lifecycle optimization.
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Consumer Goods & Services.
Our Consumer Goods & Services industry group serves food and beverage, alcoholic beverage, household goods, personal care, tobacco, fashion/apparel, agribusiness and consumer health companies around the world. Our offerings are designed to help companies improve their performance by addressing large-scale enterprise resource planning, channel and revenue management, multi-channel marketing, working capital productivity improvement and supply chain collaboration. We also help clients build operating models that support end-to-end processes needed to improve business results.
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Industrial Equipment.
Our Industrial Equipment industry group serves the industrial and electrical equipment, automotive supplier, consumer durable and heavy equipment industries. We help our clients increase operating and supply chain efficiencies by improving processes and leveraging technology, and also help clients generate value from strategic mergers and acquisitions. In addition, our Industrial Equipment industry group develops and deploys solutions in the areas of cloud computing, channel management, collaborative product design, remote field maintenance, enterprise application integration and outsourcing.
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Infrastructure & Transportation Services.
Our Infrastructure & Transportation Services industry group serves companies in the construction, infrastructure management (ports, airports, seaports and road-tolling facilities) and mass transportation industries. We help clients develop and implement strategies and solutions designed to improve their information technology and customer relationship management capabilities, operate more efficient networks, integrate supply chains, develop procurement and electronic business marketplace strategies, and more effectively manage maintenance, repair and overhaul processes and expenses—all in the context of increasing priorities around mobility services and sustainability.
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Life Sciences.
Our Life Sciences industry group works with pharmaceutical, medical technology and biotechnology companies. We provide services in large-scale business and technology transformation, business performance improvement, post-merger integration, and business process and technology outsourcing. Our life sciences expertise covers the key business areas of research and development, marketing and sales, supply chain, manufacturing and select back-office functions.
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Retail.
Our Retail industry group serves a wide range of companies, including supermarkets, hardline retailers, mass-merchandise discounters, department stores, and fashion and other specialty retailers. We provide offerings designed to help clients drive value and differentiation with consumers through analytics-based marketing and merchandising, optimized integration of new channels, faster delivery and improved relevance of offerings to customers, effective use of advanced and core technologies and services, and improved cross-functional integration and operations.
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Chemicals.
Our Chemicals industry group works with a wide cross-section of industry segments, including petrochemicals, specialty chemicals, polymers and plastics, gases and agricultural chemicals, among others. We help chemical companies develop and implement new business strategies, redesign business processes, manage complex change initiatives, and integrate processes and technologies to achieve higher levels of performance.
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Energy.
Our Energy industry group serves a wide range of companies in the oil and gas industry, including upstream, downstream, oil services and clean-energy companies. We help our clients optimize production, manage their hydrocarbon and non-hydrocarbon supply chains, streamline marketing operations and realize the potential of third-party enterprise-wide technology solutions. Our Energy industry group represented approximately 33% of our Resources operating group’s net revenues in fiscal 2012.
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Natural Resources.
Our Natural Resources industry group serves the metals, mining, forest products and building materials industries. We help our clients—which include mining companies in the coal, iron ore, copper and precious metals sectors; steel and aluminum producers; and lumber, pulp, papermaking, converting and packaging companies—develop and implement new business strategies, redesign business processes, manage complex change initiatives, and integrate processes and technologies to achieve higher levels of performance.
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Utilities.
Our Utilities industry group works with electric, gas and water utilities around the world to respond to an evolving and highly competitive marketplace. We help utilities transform themselves from regulated, and sometimes state-owned, local entities to international deregulated corporations. We also develop diverse products and service offerings designed to help our clients deliver higher levels of service to their customers. These offerings include customer relationship management, workforce enablement, smart-grid development, supply chain optimization, and trading and risk management. We also provide a range of outsourced customer-care services to utilities and retail energy companies. Our Utilities industry group represented approximately 33% of our Resources operating group’s net revenues in fiscal 2012.
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Finance & Enterprise Performance.
The professionals in Finance & Enterprise Performance work with our clients’ finance and business unit executives to develop financial transaction processing, corporate finance and business performance reporting capabilities. Among the services we provide are strategic consulting on the design and structure of the finance function and the establishment of shared service centers for multiple business functions. Our finance capability services also address revenue cycle management, billing, credit and collection effectiveness, electronic invoicing and settlement, tax processing, treasury operations, trading operations, lending and debt recovery, real estate optimization and benchmarking. Our performance management services address shareholder value targeting, scorecard and performance metrics development, performance reporting solutions and applied business analytics to improve profitability. Our professionals work with finance executives to develop and implement solutions designed to help them align their companies’ investments with their business objectives and establish security relating to the exchange of information with reporting institutions.
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Operations.
The professionals in Operations work with clients across a broad range of industries to develop and implement measurable, lasting improvements in all aspects of operations to enable profitable growth in new and existing markets. Our professionals combine global industry expertise and skills in a variety of areas, including operations and process transformation; sourcing and procurement; innovation and product development; manufacturing strategy and operations; service strategy and operations; integrated planning and fulfillment; and supply chain education. We work with clients to help align underlying process and operating models to support business strategies; optimize global operations; support profitable product launches; and enhance the skills and capabilities of the operations and supply chain workforce.
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Risk Management.
The professionals in Risk Management work with clients to develop risk management capabilities to help protect and grow the economic value of their organizations. Our Risk Management services help our clients align business strategy and risk capabilities to evaluate market options and drive profitable growth; develop a risk-conscious culture across their organizations; adapt to industry and geographic regulations to drive positive business impact; and develop capabilities to collect, model and analyze business information for better risk-based decision-making.
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Sales & Customer Services.
The professionals in Sales & Customer Services (formerly Customer Relationship Management) help companies acquire, develop and retain more profitable customer relationships to accelerate growth,
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Strategy.
Our Strategy professionals combine their strategy and operating model experience to help clients turn insights into results at both the enterprise and business unit level. With deep skills and capabilities in corporate strategy, corporate restructuring, growth and innovation strategies, mergers and acquisitions, and merger integration, we help clients develop and execute pragmatic ways to transform organizations and drive sustained high performance.
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Sustainability
. Our Sustainability professionals work with clients to integrate sustainability approaches into their business strategies, operating models, critical processes and infrastructure, including technical operations and support, to help them balance positive economic, environmental and social impact.
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Talent & Organization.
The professionals in Talent & Organization work with clients on a wide range of talent management, human resources, organizational effectiveness, human capital, learning and change issues to deliver improved business and operational results. Our integrated approach and end-to-end capabilities include services and solutions in organization and change management, human resources transformation, learning and collaboration, organizational performance management, talent management and overall transformation of key workforces. We help companies and governments improve the efficiency and effectiveness of talent and organization capabilities while lowering associated costs; deliver improvements in employee, workforce and business performance; improve the efficiency and effectiveness of the human resources function and transform organizations through project-, program- and enterprise-level change management.
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Enterprise Solutions and Enterprise Resource Planning (“ERP”).
We implement a variety of application software—including SAP and Oracle, among others—to consolidate operations, streamline business processes, connect geographies and manage and exploit data to make more informed business decisions.
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Industry and Functional Solutions.
We provide clients with industry and functional solutions that streamline, integrate and manage business processes, systems and information, based on other vendors’ software assets or our own assets. These are typically “add-ons” to our clients’ core ERP systems or software to support industry-unique functions such as trading solutions, billing systems and health exchange solutions. From design to implementation, these end-to-end services help our clients improve analytics-based decision-making, financial management, customer service excellence, supply chain management and human resource management.
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Information Management Services.
We provide services to help organizations manage the full range of their information needs to improve data quality, enhance decision-making capabilities and meet compliance requirements across social media, cloud and mobile platforms, as well as legacy environments. Our services include business intelligence; content management and portals; data management; and data quality solutions.
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Custom Solutions.
With deep skills and expertise in both J2EE (Java-based) and .NET technology architectures, we work with clients to develop custom solutions that meet unique business needs, often using open-source technology products and platforms.
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Microsoft Solutions.
Together with our alliance partner Microsoft and our Avanade subsidiary, we develop and deliver cost-efficient, innovative business solutions across the Microsoft platform and full set of software, leveraging our deep industry expertise and practical applications of technologies. We have also helped a significant number of clients implement Microsoft’s BPOS (Business Productivity Online Standard Suite) and other cloud-based tools using Microsoft’s Azure platform.
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Information Technology (“IT”) Strategy.
We help client CEOs and CIOs link IT investments to business results and help manage those investments to ensure that the planned business impact is achieved. We also help CIOs transform how IT works, both internally and with business partners, so that IT is “run like a business” to deliver high performance.
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Infrastructure Consulting.
We provide solutions to help clients optimize their IT infrastructures while reducing costs. From virtualization of servers and desktops, to data center operations engineering and enterprise network design and implementation, our services are designed to enable clients to rationalize, standardize, optimize, secure and transform their IT infrastructures for improved performance of mission-critical business processes, applications and end-users.
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IT Security Consulting.
We help clients integrate security into key business processes and implement security tools and processes so they can become more agile in response to changing market forces and evolving threats. Working with us, our clients are better able to secure data and applications, protect identities, address threats and vulnerabilities, and meet compliance demands while reducing costs and improving efficiency.
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Application Modernization and Optimization.
We specialize in defining and executing strategies that transform our clients’ application portfolios into rationalized, flexible, cost-efficient and reliable assets. Our services and solutions help clients define and implement innovative approaches to extending the useful life of legacy applications at a significantly reduced cost or help to retire platforms and replace them with more modern, sustainable solutions.
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Application Outsourcing.
We provide a wide array of application outsourcing services under flexible arrangements, managing custom or packaged software applications—including enterprise-wide applications such as SAP and Oracle—over their complete development and maintenance lifecycles. Our scope of services ranges from standardized, discrete application outsourcing services—including application testing, application management of enterprise-wide software programs, and capacity services—to large-scale application enhancement and development for individual or multiple applications, or an entire portfolio of applications.
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Infrastructure Outsourcing.
We provide ongoing management of clients’ IT infrastructure capabilities and functions, with expertise in six service areas: service desk; workplace services; data-center services; network services; security services; and IT spend management. We provide discrete skills (e.g., capacity services) as well as fully managed services. Our services offer clients a more cost-effective, secure and responsive infrastructure that can be scaled and adapted to their business needs.
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Cloud Computing.
We provide cloud services in three areas to help clients improve IT efficiency and agility: we help clients plan, implement and manage services from our provider ecosystem; we develop Software as a Service (SaaS) solutions built on our proprietary assets; and we provide provisioning, integration and management of services to bridge operations across traditional and cloud environments. In addition, we help clients implement SaaS solutions to meet their business needs with the added benefits of increasing flexibility and reducing total cost of ownership. Our SaaS methodology and toolset enables delivery of SaaS solutions across a wide range of services and leading SaaS solutions including Salesforce.com, Workday, Microsoft, SAP, Oracle and NetSuite.
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Mobility Services.
We provide mobility and embedded software services across multiple platforms, including: Android, Apple iOS, and Windows, among others. Our services include mobility consulting, software services (including applications, devices and platforms), managed services and business integration services
designed to help organizations tap the full potential of mobility across the business-to-employee, business-to-consumer, business-to-business and machine-to-machine environments.
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large multinational providers, including the services arms of large global technology providers (hardware, equipment and software), that offer some or all of the services that we do;
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off-shore service providers in lower-cost locations, particularly in India, the Philippines and China, that offer services similar to those we offer, often at highly competitive prices and on more aggressive contractual terms;
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niche solution or service providers or local competitors that compete with us in a specific geographic market, industry segment or service area, including companies that provide new or alternative products, services or delivery models;
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accounting firms that are expanding or building their provision of some consulting services, including through acquisitions; and
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in-house departments of large corporations that use their own resources, rather than engage an outside firm for the types of services we provide.
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skills and capabilities of people;
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technical and industry expertise;
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innovative service and product offerings;
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ability to add business value and improve performance;
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reputation and client references;
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contractual terms, including competitive pricing;
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ability to deliver results reliably and on a timely basis;
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scope of services;
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service delivery approach;
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quality of services and solutions;
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availability of appropriate resources; and
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global reach and scale, including level of presence in key emerging markets.
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large multinational providers, including the services arms of large global technology providers (hardware, equipment and software), that offer some or all of the services that we do;
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off-shore service providers in lower-cost locations, particularly in India, the Philippines and China, that offer services similar to those we offer, often at highly competitive prices and on more aggressive contractual terms;
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niche solution or service providers or local competitors that compete with us in a specific geographic market, industry segment or service area, including companies that provide new or alternative products, services or delivery models;
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accounting firms that are expanding or building their provision of some consulting services, including through acquisitions; and
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in-house departments of large corporations that use their own resources, rather than engage an outside firm for the types of services we provide.
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general economic and political conditions;
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the competitive environment in our industry, as described below;
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our clients’ desire to reduce their costs;
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our ability to accurately estimate, attain and sustain contract revenues, margins and cash flows over the full contract period, which includes our ability to estimate the impact of inflation and foreign exchange on our margins over long-term contracts; and
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procurement practices of clients and their use of third-party advisors.
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Government entities, particularly in the United States, often reserve the right to audit our contract costs and conduct inquiries and investigations of our business practices with respect to government contracts. U.S. government agencies, including the Defense Contract Audit Agency, routinely audit our contract costs, including allocated indirect costs and compliance with the Cost Accounting Standards. These agencies also conduct reviews and investigations and make inquiries regarding our accounting and other systems in connection with our performance and business practices with respect to our government contracts. Negative findings from existing and future audits, investigations or inquiries could affect our future sales and profitability by preventing us, by operation of law or in practice, from receiving new government contracts for some period of time. In addition, if the U.S. government concludes that certain costs are not reimbursable, have not been properly determined or are based on outdated estimates of our work, then we will not be allowed to bill for such costs, may have to refund money that has already been paid to us, or could be required to retroactively and prospectively adjust previously agreed to billing or pricing rates for our work. Negative findings from existing and future audits of our business systems, including our accounting system, may result in the U.S. government preventing us from billing, at least temporarily, a percentage of our costs. As a result of prior negative findings in connection with audits, investigations and inquiries, we have from time to time experienced some of the adverse consequences described above, and may in the future experience adverse consequences, which could materially adversely affect our future results of operations.
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If a government client discovers improper or illegal activities in the course of audits or investigations, we may become subject to various civil and criminal penalties, including those under the civil U.S. False Claims Act, and administrative sanctions, which may include termination of contracts, forfeiture of profits, suspension of payments, fines and suspensions or debarment from doing business with other agencies of that government. The inherent limitations of internal controls may not prevent or detect all improper or illegal activities.
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U.S. government contracting regulations impose strict compliance and disclosure obligations. Disclosure is required if certain company personnel have knowledge of “credible evidence” of a violation of federal criminal laws involving fraud, conflict of interest, bribery or improper gratuity, a violation of the civil U.S. False Claims Act or receipt of a significant overpayment from the government. Failure to make required disclosures could be a basis for suspension and/or debarment from federal government contracting in addition to breach of the specific contract and could also impact contracting beyond the U.S. federal level. Reported matters also could lead to audits or investigations and other civil, criminal or administrative sanctions.
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Government contracts are subject to heightened reputational and contractual risks compared to contracts with commercial clients. For example, government contracts and the proceedings surrounding them are often subject to more extensive scrutiny and publicity. Negative publicity, including an allegation of improper or illegal activity, regardless of its accuracy, may adversely affect our reputation.
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Terms and conditions of government contracts also tend to be more onerous and are often more difficult to negotiate. For example, these contracts often contain high or unlimited liability for breaches and feature less favorable payment terms and sometimes require us to take on liability for the performance of third parties.
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Government entities typically fund projects through appropriated monies. While these projects are often planned and executed as multi-year projects, government entities usually reserve the right to change the scope of or terminate these projects for lack of approved funding and/or at their convenience. Changes in government or political developments, including budget deficits, shortfalls or uncertainties, government spending reductions (e.g., Congressional sequestration of funds under the Budget Control Act of 2011) or other debt constraints, such as those recently experienced in the United States and Europe, could result in our projects being reduced in price or scope or terminated altogether, which also could limit our recovery of incurred costs, reimbursable expenses and profits on work completed prior to the termination. Furthermore, if insufficient funding is appropriated to the government entity to cover termination costs, we may not be able to fully recover our investments.
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Political and economic factors such as pending elections, the outcome of recent elections, changes in leadership among key executive or legislative decision makers, revisions to governmental tax or other policies and reduced tax revenues can affect the number and terms of new government contracts signed or the speed at which new contracts are signed, decrease future levels of spending and authorizations for programs that we bid, shift spending priorities to programs in areas for which we do not provide services and/or lead to changes in enforcement or how compliance with relevant rules or laws is assessed.
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Legislative proposals remain under consideration or could be proposed in the future, which, if enacted, could limit or even prohibit our eligibility to be awarded state or federal government contracts in the United States in the future. Various U.S. federal and state legislative proposals have been introduced and/or enacted in recent years that deny government contracts to certain U.S. companies that reincorporate or have reincorporated outside the United States. While Accenture was not a U.S. company that reincorporated outside the United States, it is possible that these contract bans and other legislative proposals could be applied in a way to negatively affect Accenture.
|
|
•
|
changes in macroeconomic or political factors unrelated to our business;
|
|
•
|
general or industry-specific market conditions or changes in financial markets;
|
|
•
|
announcements by us or competitors about developments in our business or prospects;
|
|
•
|
projections or speculation about our business or that of competitors by the media or investment analysts;
|
|
•
|
our ability to generate enough free cash flow to return cash to our shareholders at historical levels or levels expected by our shareholders; and
|
|
•
|
our failure to meet our growth and financial objectives, including with respect to our overall revenue growth and revenue growth for our priority emerging markets and earnings per share growth.
|
|
•
|
the business decisions of our clients to begin to curtail or reduce the use of our services, including in response to changes in macroeconomic or political conditions unrelated to our business or general market conditions;
|
|
•
|
periodic differences between our clients’ estimated and actual levels of business activity associated with ongoing work, as well as the stage of completion of existing projects and/or their termination or restructuring;
|
|
•
|
contract delivery inefficiencies, such as those due to poor delivery or changes in forecasts;
|
|
•
|
our ability to transition employees quickly from completed to new projects and maintain an appropriate headcount in each of our workforces;
|
|
•
|
acquisition, integration and operational costs related to businesses acquired;
|
|
•
|
the introduction of new products or services by us, competitors or alliance partners;
|
|
•
|
changes in our pricing or competitors’ pricing;
|
|
•
|
our ability to manage costs, including those for our own or subcontracted personnel, travel, support services and severance;
|
|
•
|
our ability to limit and manage the incurrence of pre-contract costs, which must be expensed without corresponding revenues, which are then recognized in later periods without the corresponding costs;
|
|
•
|
changes in, or the application of changes in, accounting principles or pronouncements under U.S. generally accepted accounting principles, particularly those related to revenue recognition;
|
|
•
|
currency exchange rate fluctuations;
|
|
•
|
changes in estimates, accruals or payments of variable compensation to our employees;
|
|
•
|
global, regional and local economic and political conditions and related risks, including acts of terrorism; and
|
|
•
|
seasonality, including number of workdays and holiday and summer vacations.
|
|
•
|
take advantage of opportunities, including more rapid expansion;
|
|
•
|
acquire other businesses or assets;
|
|
•
|
repurchase shares from our shareholders;
|
|
•
|
develop new services and solutions; or
|
|
•
|
respond to competitive pressures.
|
|
|
Price Range
|
||||||
|
|
High
|
|
Low
|
||||
|
Fiscal 2011
|
|
|
|
||||
|
First Quarter
|
$
|
45.97
|
|
|
$
|
36.97
|
|
|
Second Quarter
|
$
|
54.55
|
|
|
$
|
43.24
|
|
|
Third Quarter
|
$
|
58.21
|
|
|
$
|
48.72
|
|
|
Fourth Quarter
|
$
|
63.66
|
|
|
$
|
47.40
|
|
|
Fiscal 2012
|
|
|
|
||||
|
First Quarter
|
$
|
61.90
|
|
|
$
|
48.55
|
|
|
Second Quarter
|
$
|
60.20
|
|
|
$
|
51.08
|
|
|
Third Quarter
|
$
|
65.89
|
|
|
$
|
56.21
|
|
|
Fourth Quarter
|
$
|
61.98
|
|
|
$
|
54.94
|
|
|
Fiscal 2013
|
|
|
|
||||
|
First Quarter (through October 22, 2012)
|
$
|
71.79
|
|
|
$
|
60.69
|
|
|
Period
|
|
Total Number of
Shares Purchased |
|
Average
Price Paid per Share (1) |
|
Total Number of
Shares Purchased as Part of Publicly Announced Plans or Programs (2) |
|
Approximate Dollar Value
of Shares that May Yet Be Purchased Under the Plans or Programs (3) |
||||||
|
|
|
|
|
|
|
|
|
(in millions of U.S. dollars)
|
||||||
|
June 1, 2012 — June 30, 2012
|
|
|
|
|
|
|
|
|
||||||
|
Class A ordinary shares
|
|
6,510,428
|
|
|
$
|
57.57
|
|
|
6,494,500
|
|
|
$
|
4,451
|
|
|
Class X ordinary shares
|
|
—
|
|
|
$
|
—
|
|
|
—
|
|
|
—
|
|
|
|
July 1, 2012 — July 31, 2012
|
|
|
|
|
|
|
|
|
||||||
|
Class A ordinary shares
|
|
3,845,197
|
|
|
$
|
58.31
|
|
|
3,248,509
|
|
|
$
|
4,240
|
|
|
Class X ordinary shares
|
|
857,371
|
|
|
$
|
0.0000225
|
|
|
—
|
|
|
—
|
|
|
|
August 1, 2012 — August 31, 2012
|
|
|
|
|
|
|
|
|
||||||
|
Class A ordinary shares
|
|
886,137
|
|
|
$
|
60.32
|
|
|
664,680
|
|
|
$
|
4,179
|
|
|
Class X ordinary shares
|
|
769,130
|
|
|
$
|
0.0000225
|
|
|
—
|
|
|
—
|
|
|
|
Total
|
|
|
|
|
|
|
|
|
||||||
|
Class A ordinary shares (4)
|
|
11,241,762
|
|
|
$
|
58.04
|
|
|
10,407,689
|
|
|
|
||
|
Class X ordinary shares (5)
|
|
1,626,501
|
|
|
$
|
0.0000225
|
|
|
—
|
|
|
|
||
|
(1)
|
Average price paid per share reflects the total cash outlay for the period, divided by the number of shares acquired, including those acquired by purchase or redemption for cash and any acquired by means of employee forfeiture.
|
|
(2)
|
Since
August 2001
, the Board of Directors of Accenture plc has authorized and periodically confirmed a publicly announced open-market share purchase program for acquiring Accenture plc Class A ordinary shares. During the
fourth quarter of fiscal 2012
, we purchased
10,407,689
Accenture plc Class A ordinary shares under this program for an aggregate price of
$603 million
. The open-market purchase program does not have an expiration date.
|
|
(3)
|
As of
August 31, 2012
, our aggregate available authorization for share purchases and redemptions was
$4,179 million
, which management has the discretion to use for either our publicly announced open-market share purchase program or the other share purchase programs. Since
August 2001
and as of
August 31, 2012
, the Board of Directors of Accenture plc has authorized an aggregate of
$20.1 billion
for purchases and redemptions of Accenture plc Class A ordinary shares, Accenture SCA Class I common shares or Accenture Canada Holdings Inc. exchangeable shares.
|
|
(4)
|
During the
fourth quarter of fiscal 2012
, Accenture purchased
834,073
Accenture plc Class A ordinary shares in transactions unrelated to publicly announced share plans or programs. These transactions consisted of acquisitions of Accenture plc Class A ordinary shares primarily via share withholding for payroll tax obligations due from employees and former employees in connection with the delivery of Accenture plc Class A ordinary shares under our various employee equity share plans. These purchases of shares in connection with employee share plans do not affect our aggregate available authorization for our publicly announced open-market share purchase and the other share purchase programs.
|
|
(5)
|
During the
fourth quarter of fiscal 2012
, we redeemed
1,626,501
Accenture plc Class X ordinary shares pursuant to our articles of association. Accenture plc Class X ordinary shares are redeemable at their par value of
$0.0000225
per share.
|
|
Period
|
|
Total Number of
Shares Purchased (1) |
|
Average
Price Paid per Share (2) |
|
Total Number of
Shares Purchased as Part of Publicly Announced Plans or Programs |
|
Approximate Dollar Value of
Shares that May Yet Be Purchased Under the Plans or Programs (3) |
|||||
|
Accenture SCA
|
|
|
|
|
|
|
|
|
|||||
|
June 1, 2012 — June 30, 2012
|
|
|
|
|
|
|
|
|
|||||
|
Class I common shares
|
|
—
|
|
|
$
|
—
|
|
|
—
|
|
|
—
|
|
|
July 1, 2012 — July 31, 2012
|
|
|
|
|
|
|
|
|
|||||
|
Class I common shares
|
|
380,600
|
|
|
$
|
59.52
|
|
|
—
|
|
|
—
|
|
|
August 1, 2012 — August 31, 2012
|
|
|
|
|
|
|
|
|
|||||
|
Class I common shares
|
|
310,848
|
|
|
$
|
61.28
|
|
|
—
|
|
|
—
|
|
|
Total
|
|
|
|
|
|
|
|
|
|||||
|
Class I common shares
|
|
691,448
|
|
|
$
|
60.32
|
|
|
—
|
|
|
—
|
|
|
Accenture Canada Holdings Inc.
|
|
|
|
|
|
|
|
|
|||||
|
June 1, 2012 — June 30, 2012
|
|
|
|
|
|
|
|
|
|||||
|
Exchangeable shares
|
|
—
|
|
|
$
|
—
|
|
|
—
|
|
|
—
|
|
|
July 1, 2012 — July 31, 2012
|
|
|
|
|
|
|
|
|
|||||
|
Exchangeable shares
|
|
—
|
|
|
$
|
—
|
|
|
—
|
|
|
—
|
|
|
August 1, 2012 — August 31, 2012
|
|
|
|
|
|
|
|
|
|||||
|
Exchangeable shares
|
|
25,300
|
|
|
$
|
61.04
|
|
|
—
|
|
|
—
|
|
|
Total
|
|
|
|
|
|
|
|
|
|||||
|
Exchangeable shares
|
|
25,300
|
|
|
$
|
61.04
|
|
|
—
|
|
|
—
|
|
|
(1)
|
During the
fourth quarter of fiscal 2012
, we acquired a total of
691,448
Accenture SCA Class I common shares and
25,300
Accenture Canada Holdings Inc. exchangeable shares from current and former senior executives and their permitted transferees by means of purchase or redemption for cash, or employee forfeiture, as applicable. In addition, during the
fourth quarter of fiscal 2012
, we issued
1,347,904
Accenture plc Class A ordinary shares upon redemptions of an equivalent number of Accenture SCA Class I common shares pursuant to a registration statement.
|
|
(2)
|
Average price paid per share reflects the total cash outlay for the period, divided by the number of shares acquired, including those acquired by purchase or redemption for cash and any acquired by means of employee forfeiture.
|
|
(3)
|
As of
August 31, 2012
, our aggregate available authorization for share purchases and redemptions was
$4,179 million
, which management has the discretion to use for either our publicly announced open-market share purchase program or the other share purchase programs. Since
August 2001
and as of
August 31, 2012
, the Board of Directors of Accenture plc has authorized an aggregate of
$20.1 billion
for purchases and redemptions of Accenture plc Class A ordinary shares, Accenture SCA Class I common shares or Accenture Canada Holdings Inc. exchangeable shares.
|
|
|
Fiscal
|
||||||||||||||||||
|
|
2012
|
|
2011
|
|
2010
|
|
2009 (1)
|
|
2008
|
||||||||||
|
|
(in millions of U.S. dollars)
|
||||||||||||||||||
|
Income Statement Data:
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Revenues before reimbursements (“Net revenues”)
|
$
|
27,862
|
|
|
$
|
25,507
|
|
|
$
|
21,551
|
|
|
$
|
21,577
|
|
|
$
|
23,387
|
|
|
Revenues
|
29,778
|
|
|
27,353
|
|
|
23,094
|
|
|
23,171
|
|
|
25,314
|
|
|||||
|
Operating income
|
3,872
|
|
|
3,470
|
|
|
2,915
|
|
|
2,644
|
|
|
3,012
|
|
|||||
|
Net income (2)
|
2,825
|
|
|
2,553
|
|
|
2,060
|
|
|
1,938
|
|
|
2,197
|
|
|||||
|
Net income attributable to Accenture plc (2)
|
2,554
|
|
|
2,278
|
|
|
1,781
|
|
|
1,590
|
|
|
1,692
|
|
|||||
|
(1)
|
Includes the impact of $253 million in restructuring costs recorded during fiscal 2009.
|
|
(2)
|
On September 1, 2009, the Company adopted guidance issued by the Financial Accounting Standards Board (“FASB”) on noncontrolling interests. As required, the guidance on noncontrolling interests was applied prospectively with the exception of presentation and disclosure requirements, which were applied retrospectively for all periods presented. Prior to fiscal 2010, Net income was referred to as Income before minority interest and Net income attributable to Accenture plc was referred to as Net income.
|
|
|
Fiscal
|
||||||||||||||||||
|
|
2012
|
|
2011
|
|
2010 (1)
|
|
2009
|
|
2008
|
||||||||||
|
Earnings Per Class A Ordinary Share:
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Basic
|
$
|
3.97
|
|
|
$
|
3.53
|
|
|
$
|
2.79
|
|
|
$
|
2.55
|
|
|
$
|
2.77
|
|
|
Diluted (2)
|
3.84
|
|
|
3.39
|
|
|
2.66
|
|
|
2.44
|
|
|
2.64
|
|
|||||
|
Dividends per ordinary share
|
1.35
|
|
|
0.90
|
|
|
1.125
|
|
|
0.50
|
|
|
0.42
|
|
|||||
|
(1)
|
In early fiscal 2010, we announced a move to declare and pay cash dividends on a semi-annual basis. During fiscal 2010, we paid a final annual cash dividend of $0.75 in addition to a transitional semi-annual cash dividend of $0.375.
|
|
(2)
|
Diluted earnings per share amounts have been restated to reflect the impact of the issuance of additional restricted share units to holders of restricted share units in connection with the fiscal 2012 payment of cash dividends. This restatement resulted in a one cent decrease in diluted earnings per share from $3.40 to $3.39 for fiscal 2011.
|
|
|
As of August 31,
|
||||||||||||||||||
|
|
2012
|
|
2011
|
|
2010
|
|
2009
|
|
2008
|
||||||||||
|
|
(in millions of U.S. dollars)
|
||||||||||||||||||
|
Balance Sheet Data:
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Cash and cash equivalents
|
$
|
6,641
|
|
|
$
|
5,701
|
|
|
$
|
4,838
|
|
|
$
|
4,542
|
|
|
$
|
3,603
|
|
|
Total assets
|
16,665
|
|
|
15,732
|
|
|
12,835
|
|
|
12,256
|
|
|
12,399
|
|
|||||
|
Long-term debt, net of current portion
|
—
|
|
|
—
|
|
|
1
|
|
|
—
|
|
|
2
|
|
|||||
|
Accenture plc shareholders’ equity (1)
|
4,146
|
|
|
3,879
|
|
|
2,836
|
|
|
2,835
|
|
|
2,424
|
|
|||||
|
(1)
|
On September 1, 2009, the Company adopted guidance issued by the FASB on noncontrolling interests. As required, the guidance on noncontrolling interests was applied prospectively with the exception of presentation and disclosure requirements, which were applied retrospectively for all periods presented.
|
|
|
Fiscal
|
|
Percent
Increase U.S. Dollars |
|
Percent
Increase Local Currency |
|
Percent of Total
Net Revenues for Fiscal |
||||||||||||
|
|
2012
|
|
2011
|
|
|
|
2012
|
|
2011
|
||||||||||
|
|
(in millions of U.S. dollars)
|
|
|
|
|
|
|
|
|
||||||||||
|
OPERATING GROUPS
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Communications, Media & Technology (1)
|
$
|
5,907
|
|
|
$
|
5,434
|
|
|
9
|
%
|
|
11
|
%
|
|
21
|
%
|
|
22
|
%
|
|
Financial Services
|
5,843
|
|
|
5,381
|
|
|
9
|
|
|
11
|
|
|
21
|
|
|
21
|
|
||
|
Health & Public Service
|
4,256
|
|
|
3,861
|
|
|
10
|
|
|
11
|
|
|
15
|
|
|
15
|
|
||
|
Products
|
6,563
|
|
|
5,931
|
|
|
11
|
|
|
13
|
|
|
24
|
|
|
23
|
|
||
|
Resources
|
5,275
|
|
|
4,882
|
|
|
8
|
|
|
10
|
|
|
19
|
|
|
19
|
|
||
|
Other
|
19
|
|
|
18
|
|
|
n/m
|
|
|
n/m
|
|
|
—
|
|
|
—
|
|
||
|
TOTAL NET REVENUES (2)
|
27,862
|
|
|
25,507
|
|
|
9
|
%
|
|
11
|
%
|
|
100
|
%
|
|
100
|
%
|
||
|
Reimbursements
|
1,916
|
|
|
1,846
|
|
|
4
|
|
|
|
|
|
|
|
|||||
|
TOTAL REVENUES
|
$
|
29,778
|
|
|
$
|
27,353
|
|
|
9
|
%
|
|
|
|
|
|
|
|||
|
GEOGRAPHIC REGIONS
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Americas
|
$
|
12,523
|
|
|
$
|
11,271
|
|
|
11
|
%
|
|
13
|
%
|
|
45
|
%
|
|
44
|
%
|
|
EMEA (3)
|
11,296
|
|
|
10,854
|
|
|
4
|
|
|
8
|
|
|
41
|
|
|
43
|
|
||
|
Asia Pacific
|
4,043
|
|
|
3,383
|
|
|
20
|
|
|
18
|
|
|
14
|
|
|
13
|
|
||
|
TOTAL NET REVENUES (2)
|
$
|
27,862
|
|
|
$
|
25,507
|
|
|
9
|
%
|
|
11
|
%
|
|
100
|
%
|
|
100
|
%
|
|
TYPE OF WORK
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Consulting
|
$
|
15,562
|
|
|
$
|
14,924
|
|
|
4
|
%
|
|
6
|
%
|
|
56
|
%
|
|
59
|
%
|
|
Outsourcing
|
12,300
|
|
|
10,583
|
|
|
16
|
|
|
19
|
|
|
44
|
|
|
41
|
|
||
|
TOTAL NET REVENUES
|
$
|
27,862
|
|
|
$
|
25,507
|
|
|
9
|
%
|
|
11
|
%
|
|
100
|
%
|
|
100
|
%
|
|
(1)
|
On September 1, 2011, the Company renamed the Communications & High Tech operating group to Communications, Media & Technology. No amounts have been reclassified in any period in connection with this name change.
|
|
(2)
|
May not total due to rounding.
|
|
(3)
|
EMEA includes Europe, Middle East and Africa.
|
|
|
Fiscal
|
|||||||
|
|
2012
|
|
2011
|
|
2010
|
|||
|
United States
|
36
|
%
|
|
35
|
%
|
|
36
|
%
|
|
United Kingdom
|
9
|
|
|
10
|
|
|
10
|
|
|
•
|
Communications, Media & Technology net revenues increased
11%
in local currency. Outsourcing revenues reflected significant growth, led by Electronics & High Tech in EMEA, principally due to a significant short-term increase from one contract. We also experienced outsourcing growth in Communications across all geographic regions. Consulting revenues declined slightly, with growth in the first half of fiscal 2012 offset by contraction during the second half of the fiscal year. For fiscal 2012, consulting revenues reflected a decline in Communications in EMEA and Asia Pacific, partially offset by growth in Media & Entertainment in Americas and Electronics & High Tech in Asia Pacific. Some of our clients, primarily in Communications, continued to exercise caution by reducing and/or deferring their investment in consulting, which had a negative impact on our consulting revenues. We expect Communications, Media & Technology net revenues to decline year-over-year in the near term.
|
|
•
|
Financial Services net revenues increased
11%
in local currency. Outsourcing revenues reflected very significant growth, driven by all industry groups in Americas, including the impact of an acquisition in Banking. We also experienced outsourcing growth across all industry groups in Asia Pacific and Capital Markets in EMEA. Consulting revenues reflected modest growth, driven by significant growth in Insurance across all geographic regions, including the impact of an acquisition. This growth was partially offset by declines in Banking in EMEA and Americas and Capital Markets in EMEA. The uncertainty in the banking and capital markets industries impacted our consulting revenue growth during fiscal 2012 and we expect this trend to continue in the near term.
|
|
•
|
Health & Public Service net revenues increased
11%
in local currency. Consulting revenues reflected strong growth, led by Health across all geographic regions and Public Service in Asia Pacific. Outsourcing revenues reflected strong growth, driven by Health across all geographic regions and Public Service in EMEA and Asia Pacific. Outsourcing revenues during fiscal 2011 reflected revenues recognized upon favorable resolution of billing holdbacks on certain contracts with United States government agencies. The global uncertainty and challenges in the public sector continue to have an impact on demand in our public service business. This impact may increase if U.S. government spending reductions are implemented.
|
|
•
|
Products net revenues increased
13%
in local currency. Consulting revenues increased, driven primarily by growth across all industry groups in Americas and most industry groups in Asia Pacific. By industry group, growth was led by Retail and Industrial Equipment. Outsourcing revenues reflected very strong growth, driven by growth across all geographic regions and most industry groups, led by Life Sciences, Air, Freight & Travel Services and Retail.
|
|
•
|
Resources net revenues increased
10%
in local currency. Consulting revenues increased, driven by Energy across all geographic regions and Natural Resources in Asia Pacific and EMEA, partially offset by a decline in Natural Resources in Americas. Outsourcing revenues reflected strong growth, driven by growth across all geographic regions and all industry groups, led by Energy and Natural Resources.
|
|
•
|
Americas net revenues increased
13%
in local currency, led by the United States and Brazil. In general, revenue growth moderated across Americas in the second half of fiscal 2012 compared to the first half of fiscal 2012.
|
|
•
|
EMEA net revenues increased
8%
in local currency, driven by growth in Finland, the United Kingdom, Italy, Germany, the Netherlands and South Africa. In general, revenue growth moderated across EMEA in the second half of fiscal 2012 compared to the first half of fiscal 2012.
|
|
•
|
Asia Pacific net revenues increased
18%
in local currency, driven by Australia, Japan, China, Singapore, South Korea and India.
|
|
|
Fiscal
|
|
|
||||||||||||||
|
|
2012
|
|
2011
|
|
|
||||||||||||
|
|
Operating
Income |
|
Operating
Margin |
|
Operating
Income |
|
Operating
Margin |
|
Increase
(Decrease) (1) |
||||||||
|
|
(in millions of U.S. dollars)
|
||||||||||||||||
|
Communications, Media & Technology (2)
|
$
|
845
|
|
|
14
|
%
|
|
$
|
728
|
|
|
13
|
%
|
|
$
|
118
|
|
|
Financial Services
|
810
|
|
|
14
|
|
|
898
|
|
|
17
|
|
|
(89
|
)
|
|||
|
Health & Public Service
|
376
|
|
|
9
|
|
|
318
|
|
|
8
|
|
|
58
|
|
|||
|
Products
|
864
|
|
|
13
|
|
|
680
|
|
|
11
|
|
|
184
|
|
|||
|
Resources
|
977
|
|
|
19
|
|
|
846
|
|
|
17
|
|
|
130
|
|
|||
|
Total
|
$
|
3,872
|
|
|
13.9
|
%
|
|
$
|
3,470
|
|
|
13.6
|
%
|
|
$
|
401
|
|
|
(1)
|
May not total due to rounding.
|
|
(2)
|
On September 1, 2011, the Company renamed the Communications & High Tech operating group to Communications, Media & Technology. No amounts have been reclassified in any period in connection with this name change.
|
|
•
|
Communications, Media & Technology operating income increased, primarily due to outsourcing revenue growth, principally related to a significant short-term increase from one contract.
|
|
•
|
Financial Services operating income decreased, primarily due to a lower proportion of high margin consulting work, costs related to recent acquisitions and higher sales and marketing costs as a percentage of net revenues, partially offset by strong outsourcing revenue growth.
|
|
•
|
Health & Public Service operating income increased, primarily due to revenue growth and lower sales and marketing costs as a percentage of net revenues, partially offset by the negative impact of delivery inefficiencies on a few contracts. Health & Public Service operating margin was impacted by administrative and compliance costs associated with our U.S. Federal practice, and we expect this trend to continue. Health & Public Service profitability could also be impacted if U.S. government spending reductions are implemented.
|
|
•
|
Products operating income increased, primarily due to revenue growth and improved consulting and outsourcing contract profitability.
|
|
•
|
Resources operating income increased, primarily due to strong revenue growth.
|
|
|
Fiscal
|
|
Percent
Increase
U.S.
dollars
|
|
Percent
Increase
Local
Currency
|
|
Percent of Total
Net Revenues
for Fiscal
|
||||||||||||
|
|
2011
|
|
2010
|
|
2011
|
|
2010
|
||||||||||||
|
|
(in millions of U.S. dollars)
|
|
|
|
|
|
|
|
|
||||||||||
|
OPERATING GROUPS
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Communications, Media & Technology (1)
|
$
|
5,434
|
|
|
$
|
4,612
|
|
|
18
|
%
|
|
14
|
%
|
|
22
|
%
|
|
21
|
%
|
|
Financial Services
|
5,381
|
|
|
4,446
|
|
|
21
|
|
|
18
|
|
|
21
|
|
|
21
|
|
||
|
Health & Public Service
|
3,861
|
|
|
3,581
|
|
|
8
|
|
|
7
|
|
|
15
|
|
|
17
|
|
||
|
Products
|
5,931
|
|
|
4,985
|
|
|
19
|
|
|
16
|
|
|
23
|
|
|
23
|
|
||
|
Resources
|
4,882
|
|
|
3,911
|
|
|
25
|
|
|
21
|
|
|
19
|
|
|
18
|
|
||
|
Other
|
18
|
|
|
15
|
|
|
n/m
|
|
|
n/m
|
|
|
—
|
|
|
—
|
|
||
|
TOTAL NET REVENUES (2)
|
25,507
|
|
|
21,551
|
|
|
18
|
%
|
|
15
|
%
|
|
100
|
%
|
|
100
|
%
|
||
|
Reimbursements
|
1,846
|
|
|
1,544
|
|
|
20
|
|
|
|
|
|
|
|
|||||
|
TOTAL REVENUES (2)
|
$
|
27,353
|
|
|
$
|
23,094
|
|
|
18
|
%
|
|
|
|
|
|
|
|||
|
GEOGRAPHIC REGIONS
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Americas
|
$
|
11,271
|
|
|
$
|
9,465
|
|
|
19
|
%
|
|
17
|
%
|
|
44
|
%
|
|
44
|
%
|
|
EMEA
|
10,854
|
|
|
9,583
|
|
|
13
|
|
|
11
|
|
|
43
|
|
|
44
|
|
||
|
Asia Pacific
|
3,383
|
|
|
2,502
|
|
|
35
|
|
|
23
|
|
|
13
|
|
|
12
|
|
||
|
TOTAL NET REVENUES (2)
|
$
|
25,507
|
|
|
$
|
21,551
|
|
|
18
|
%
|
|
15
|
%
|
|
100
|
%
|
|
100
|
%
|
|
TYPE OF WORK
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Consulting
|
$
|
14,924
|
|
|
$
|
12,371
|
|
|
21
|
%
|
|
17
|
%
|
|
59
|
%
|
|
57
|
%
|
|
Outsourcing
|
10,583
|
|
|
9,179
|
|
|
15
|
|
|
13
|
|
|
41
|
|
|
43
|
|
||
|
TOTAL NET REVENUES (2)
|
$
|
25,507
|
|
|
$
|
21,551
|
|
|
18
|
%
|
|
15
|
%
|
|
100
|
%
|
|
100
|
%
|
|
(1)
|
On September 1, 2011, the Company renamed the Communications & High Tech operating group to Communications, Media & Technology. No amounts have been reclassified in any period in connection with this name change.
|
|
(2)
|
May not total due to rounding.
|
|
•
|
Communications, Media & Technology net revenues increased 14% in local currency. Consulting revenues reflected strong growth, driven by growth across all geographic regions and industry groups, with the exception of Electronics & High Tech in Asia Pacific. Outsourcing revenues reflected very strong growth, driven by growth across all geographic regions and industry groups, with the exception of Electronics & High Tech in EMEA.
|
|
•
|
Financial Services net revenues increased 18% in local currency. Consulting revenues reflected very strong growth, driven by growth in Banking and Insurance in EMEA and all industry groups in Americas, partially offset by a decline in Banking in Asia Pacific. Outsourcing revenues reflected significant growth, driven by growth across all geographic regions and industry groups, led by Americas and EMEA.
|
|
•
|
Health & Public Service net revenues increased 7% in local currency. Consulting revenues reflected growth in Americas and Asia Pacific, with significant growth in Health, partially offset by a decline in Public Service in EMEA. The increase in consulting revenues was significantly impacted by a delivery inefficiency on a consulting contract in Public Service in Americas in fiscal 2010, which negatively affected revenues in that period. Outsourcing revenues increased due to growth in Americas, partially offset by a decrease in Public Service in EMEA and Asia Pacific. Outsourcing revenues
|
|
•
|
Products net revenues increased 16% in local currency. Consulting revenues reflected significant growth, driven by growth across all geographic regions and industry groups, led by Consumer Goods & Services and Automotive. Outsourcing revenues increased, driven by growth across all geographic regions and most industry groups, led by Retail in Americas and Asia Pacific and Air, Freight & Travel Services in Americas and EMEA.
|
|
•
|
Resources net revenues increased 21% in local currency. Consulting revenues reflected very significant growth, driven by growth across all geographic regions and industry groups, led by Natural Resources and Energy. Outsourcing revenues increased, driven by growth in Energy and Natural Resources in Americas and Utilities and Energy in EMEA. Lower client demand for outsourcing services resulted in moderation of outsourcing revenue growth in the fourth quarter of fiscal 2011 and a shift in the mix of work towards consulting.
|
|
•
|
Americas net revenues increased 17% in local currency, led by the United States, Brazil and Canada.
|
|
•
|
EMEA net revenues increased 11% in local currency, driven by growth in local currency in most countries, led by the United Kingdom, France, Germany, Italy, South Africa and Switzerland.
|
|
•
|
Asia Pacific net revenues increased 23% in local currency, led by Japan, Australia, Singapore, China and India.
|
|
|
Fiscal
|
|
Increase (1)
|
||||||||||||||
|
|
2011
|
|
2010
|
|
|||||||||||||
|
|
Operating
Income
|
|
Operating
Margin
|
|
Operating
Income
|
|
Operating
Margin
|
|
|||||||||
|
|
(in millions of U.S. dollars)
|
||||||||||||||||
|
Communications, Media & Technology (2)
|
$
|
728
|
|
|
13
|
%
|
|
$
|
615
|
|
|
13
|
%
|
|
$
|
113
|
|
|
Financial Services
|
898
|
|
|
17
|
|
|
772
|
|
|
17
|
|
|
126
|
|
|||
|
Health & Public Service
|
318
|
|
|
8
|
|
|
287
|
|
|
8
|
|
|
32
|
|
|||
|
Products
|
680
|
|
|
11
|
|
|
592
|
|
|
12
|
|
|
88
|
|
|||
|
Resources
|
846
|
|
|
17
|
|
|
649
|
|
|
17
|
|
|
197
|
|
|||
|
Total
|
$
|
3,470
|
|
|
13.6
|
%
|
|
$
|
2,915
|
|
|
13.5
|
%
|
|
$
|
556
|
|
|
(1)
|
May not total due to rounding.
|
|
(2)
|
On September 1, 2011, the Company renamed the Communications & High Tech operating group to Communications, Media & Technology. No amounts have been reclassified in any period in connection with this name change.
|
|
•
|
Communications & High Tech operating income increased, primarily due to revenue growth, partially offset by lower contract profitability.
|
|
•
|
Financial Services operating income increased, primarily due to very strong revenue growth, partially offset by lower outsourcing contract profitability.
|
|
•
|
Health & Public Service operating income increased due to revenue growth, including revenues recognized upon favorable resolution of billing holdbacks on certain contracts with United States government agencies, partially offset by lower outsourcing contract profitability. Fiscal 2010 operating income included the negative impact of inefficient delivery on a few consulting contracts in Public Service.
|
|
•
|
Products operating income increased, primarily driven by revenue growth, partially offset by lower contract profitability. Products operating results in both periods were also impacted by expected lower margins on certain contracts.
|
|
•
|
Resources operating income increased, primarily driven by significant consulting revenue growth.
|
|
•
|
facilitate purchases, redemptions and exchanges of shares and pay dividends;
|
|
•
|
acquire complementary businesses or technologies;
|
|
•
|
take advantage of opportunities, including more rapid expansion; or
|
|
•
|
develop new services and solutions.
|
|
|
Fiscal
|
||||||||||||||
|
|
2012
|
|
2011
|
|
2010
|
|
2012 to 2011
Change (1) |
||||||||
|
|
(in millions of U.S. dollars)
|
||||||||||||||
|
Net cash provided by (used in):
|
|
|
|
|
|
|
|
||||||||
|
Operating activities
|
$
|
4,257
|
|
|
$
|
3,442
|
|
|
$
|
3,092
|
|
|
$
|
815
|
|
|
Investing activities
|
(535
|
)
|
|
(703
|
)
|
|
(274
|
)
|
|
168
|
|
||||
|
Financing activities
|
(2,559
|
)
|
|
(2,122
|
)
|
|
(2,429
|
)
|
|
(437
|
)
|
||||
|
Effect of exchange rate changes on cash and cash equivalents
|
(223
|
)
|
|
246
|
|
|
(92
|
)
|
|
(469
|
)
|
||||
|
Net increase in cash and cash equivalents (1)
|
$
|
939
|
|
|
$
|
863
|
|
|
$
|
297
|
|
|
$
|
77
|
|
|
(1)
|
May not total due to rounding.
|
|
|
Facility
Amount |
|
Borrowings
Under Facilities |
||||
|
|
(in millions of U.S. dollars)
|
||||||
|
Syndicated loan facility (1)
|
$
|
1,000
|
|
|
$
|
—
|
|
|
Separate, uncommitted, unsecured multicurrency revolving credit facilities (2)
|
518
|
|
|
—
|
|
||
|
Local guaranteed and non-guaranteed lines of credit (3)
|
125
|
|
|
—
|
|
||
|
Total
|
$
|
1,643
|
|
|
$
|
—
|
|
|
(1)
|
On October 31, 2011, we replaced our $1.2 billion syndicated loan facility maturing on July 31, 2012 with a $1.0 billion syndicated loan facility maturing on October 31, 2016. This facility provides unsecured, revolving borrowing capacity for general working capital purposes, including the issuance of letters of credit. Financing is provided under this facility at the prime rate or at the London Interbank Offered Rate plus a spread. This facility requires us to: (1) limit liens placed on our assets to (a) liens incurred in the ordinary course of business (subject to certain qualifications) and (b) other liens securing obligations not to exceed 30% of our consolidated assets; and (2) maintain a debt-to-cash-flow ratio not exceeding 1.75 to 1.00. We continue to be in compliance with relevant covenant terms. The facility is subject to annual commitment fees. As of
August 31, 2012
, we had no borrowings under the facility. As of
August 31, 2011
, we had no borrowings under the prior facility.
|
|
(2)
|
We maintain separate, uncommitted and unsecured multicurrency revolving credit facilities. These facilities provide local-currency financing for the majority of our operations. Interest rate terms on the revolving facilities are at market rates prevailing in the relevant local markets. As of
August 31, 2012 and 2011
, we had no borrowings under these facilities.
|
|
(3)
|
We also maintain local guaranteed and non-guaranteed lines of credit for those locations that cannot access our global facilities. As of
August 31, 2012 and 2011
, we had no borrowings under these various facilities.
|
|
|
Accenture plc Class A
Ordinary Shares
|
|
Accenture SCA Class I
Common Shares and Accenture Canada
Holdings Inc. Exchangeable Shares
|
||||||||||
|
|
Shares
|
|
Amount
|
|
Shares
|
|
Amount
|
||||||
|
|
(in millions of U.S. dollars, except share amounts)
|
||||||||||||
|
Open-market share purchases (1)
|
30,119,187
|
|
|
$
|
1,724
|
|
|
—
|
|
|
$
|
—
|
|
|
Other share purchase programs
|
—
|
|
|
—
|
|
|
2,303,720
|
|
|
138
|
|
||
|
Other purchases (2)
|
4,196,449
|
|
|
236
|
|
|
—
|
|
|
—
|
|
||
|
Total
|
34,315,636
|
|
|
$
|
1,960
|
|
|
2,303,720
|
|
|
$
|
138
|
|
|
(1)
|
We conduct a publicly announced, open-market share purchase program for Accenture plc Class A ordinary shares. These shares are held as treasury shares by Accenture plc and may be utilized to provide for select employee benefits, such as equity awards to our employees.
|
|
(2)
|
During fiscal
2012
, as authorized under our various employee equity share plans, we acquired Accenture plc Class A ordinary shares primarily via share withholding for payroll tax obligations due from employees and former employees in connection with the delivery of Accenture plc Class A ordinary shares under those plans. These purchases of shares in connection with employee share plans do not affect our aggregate available authorization for our publicly announced open-market share purchase and the other share purchase programs.
|
|
|
|
Payments due by period
|
||||||||||||||||||
|
Contractual Cash Obligations (1)(2)
|
|
Total
|
|
Less than
1 year |
|
1-3 years
|
|
3-5 years
|
|
More than
5 years |
||||||||||
|
|
|
(in millions of U.S. dollars)
|
||||||||||||||||||
|
Long-term debt
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
Operating leases
|
|
2,118
|
|
|
443
|
|
|
639
|
|
|
387
|
|
|
649
|
|
|||||
|
Retirement obligations (3)
|
|
113
|
|
|
12
|
|
|
23
|
|
|
23
|
|
|
55
|
|
|||||
|
Purchase obligations and other commitments (4)
|
|
213
|
|
|
78
|
|
|
102
|
|
|
33
|
|
|
—
|
|
|||||
|
Total
|
|
$
|
2,444
|
|
|
$
|
533
|
|
|
$
|
764
|
|
|
$
|
443
|
|
|
$
|
704
|
|
|
(1)
|
The liability related to unrecognized tax benefits has been excluded from the contractual obligations table because a reasonable estimate of the timing and amount of cash out flows from future tax settlements cannot be determined. For additional information, refer to Note 9 (Income Taxes) to our Consolidated Financial Statements under Item 8, “Financial Statements and Supplementary Data.”
|
|
(2)
|
In fiscal 2001, we accrued reorganization liabilities in connection with our transition to a corporate structure. As of
August 31, 2012
, the remaining liability for reorganization costs was
$269 million
, of which
$258 million
was classified as Other accrued liabilities because expirations of statutes of limitations or other final determinations could occur within 12 months. The reorganization liabilities have been excluded from the contractual obligations table because a reasonable estimate of the timing and amount of cash out flows from future tax settlements cannot be determined. Timing of the resolution of tax audits or the initiation of additional litigation and/or criminal tax proceedings may delay final resolution. Final settlement will result in a payment on a final settlement and/or recording a reorganization cost or benefit in our Consolidated Income Statement. For additional information, refer to Note 3 (Reorganization Costs, net) to our Consolidated Financial Statements under Item 8, “Financial Statements and Supplementary Data.”
|
|
(3)
|
Amounts represent projected payments under certain unfunded retirement plans for former pre-incorporation partners. Given these plans are unfunded, we pay these benefits directly. These plans were eliminated for active partners after May 15, 2001.
|
|
(4)
|
Other commitments include, among other things, information technology, software support and maintenance obligations, as well as other obligations in the ordinary course of business that we cannot cancel or where we would be required to pay a termination fee in the event of cancellation. Amounts shown do not include recourse that we may have to recover termination fees or penalties from clients.
|
|
ITEM 9.
|
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
|
|
i.
|
pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets;
|
|
ii.
|
provide reasonable assurance that the transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of management and our Board of Directors; and
|
|
iii.
|
provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on our financial statements.
|
|
ITEM 10.
|
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
|
|
ITEM 11.
|
EXECUTIVE COMPENSATION
|
|
ITEM 12.
|
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS
|
|
Plan Category
|
|
Number of
Shares to be
Issued Upon
Exercise of
Outstanding
Options,
Warrants and
Rights
|
|
|
Weighted-
Average
Exercise
Price of
Outstanding
Options,
Warrants
and Rights
|
|
Number of
Shares
Remaining
Available for
Future
Issuance
Under Equity
Compensation
Plans
(Excluding
Securities
Reflected in
1st Column)
|
||||
|
Equity compensation plans approved by shareholders:
|
|
|
|
|
|
|
|
||||
|
2001 Share Incentive Plan
|
|
22,260,137
|
|
(1)
|
|
$
|
24.443
|
|
|
—
|
|
|
2010 Share Incentive Plan
|
|
20,075,637
|
|
(2)
|
|
43.597
|
|
|
24,723,631
|
|
|
|
2001 Employee Share Purchase Plan
|
|
—
|
|
|
|
N/A
|
|
|
—
|
|
|
|
2010 Employee Share Purchase Plan
|
|
—
|
|
|
|
N/A
|
|
|
28,486,489
|
|
|
|
Equity compensation plans not approved by shareholders
|
|
—
|
|
|
|
N/A
|
|
|
—
|
|
|
|
Total
|
|
42,335,774
|
|
|
|
|
|
53,210,120
|
|
||
|
(1)
|
Consists of 5,821,461 stock options with a weighted average exercise price of $24.443 per share and 16,438,676 restricted share units.
|
|
(2)
|
Consists of 15,201 stock options with a weighted average exercise price of $43.597 per share and 20,060,436 restricted share units.
|
|
Exhibit
Number
|
|
Exhibit
|
|
3.1
|
|
Memorandum and Articles of Association of Accenture plc (incorporated by reference to Exhibit 3.1 to Accenture plc’s 8-K filed on February 9, 2012)
|
|
3.2
|
|
Certificate of Incorporation of Accenture plc (incorporated by reference to Exhibit 3.2 to Accenture plc’s 8-K12B filed on September 1, 2009 (the “8-K12B”))
|
|
10.1
|
|
Form of Voting Agreement, dated as of April 18, 2001, among Accenture Ltd and the covered persons party thereto as amended and restated as of February 3, 2005 (incorporated by reference to Exhibit 9.1 to the Accenture Ltd February 28, 2005 10-Q (File No. 001-16565)(the “February 28, 2005 10-Q”))
|
|
10.2
|
|
Assumption Agreement of the Amended and Restated Voting Agreement, dated September 1, 2009 (incorporated by reference to Exhibit 10.4 to the 8-K12B)
|
|
10.3*
|
|
Form of Non-Competition Agreement, dated as of April 18, 2001, among Accenture Ltd and certain employees (incorporated by reference to Exhibit 10.2 to the Accenture Ltd Registration Statement on Form S-1 (File No. 333-59194) filed on April 19, 2001 (the “April 19, 2001 Form S-1”))
|
|
10.4
|
|
Assumption and General Amendment Agreement between Accenture plc and Accenture Ltd, dated September 1, 2009 (incorporated by reference to Exhibit 10.1 to the 8-K12B)
|
|
10.5*
|
|
2001 Share Incentive Plan (incorporated by reference to Exhibit 10.3 to the Accenture Ltd Registration Statement on Form S-1/A (File No. 333-59194) filed on July 12, 2001)
|
|
10.6*
|
|
2010 Share Incentive Plan (incorporated by reference to Annex A of Accenture plc’s definitive Proxy Statement on Schedule 14A filed on December 21, 2009 (the “2009 Proxy Statement”))
|
|
10.7*
|
|
2010 Employee Share Purchase Plan (incorporated by reference to Annex B of the 2009 Proxy Statement)
|
|
10.8
|
|
Form of Articles of Association of Accenture SCA, updated as of November 15, 2010 (incorporated by reference to Exhibit 10.1 to the November 30, 2010 10-Q)
|
|
10.9
|
|
Form of Accenture SCA Transfer Rights Agreement, dated as of April 18, 2001, among Accenture SCA and the covered persons party thereto as amended and restated as of February 3, 2005 (incorporated by reference to Exhibit 10.2 to the February 28, 2005 10-Q)
|
|
10.10*
|
|
Form of Non-Competition Agreement, dated as of April 18, 2001, among Accenture SCA and certain employees (incorporated by reference to Exhibit 10.7 to the April 19, 2001 Form S-1)
|
|
10.11
|
|
Form of Letter Agreement, dated April 18, 2001, between Accenture SCA and certain shareholders of Accenture SCA (incorporated by reference to Exhibit 10.8 to the April 19, 2001 Form S-1)
|
|
10.12
|
|
Form of Support Agreement, dated as of May 23, 2001, between Accenture Ltd and Accenture Canada Holdings Inc. (incorporated by reference to Exhibit 10.9 to the Accenture Ltd Registration Statement on Form S-1/A (File No. 333-59194) filed on July 2, 2001 (the “July 2, 2001 Form S-1/A”))
|
|
10.13
|
|
First Supplemental Agreement to Support Agreement among Accenture plc, Accenture Ltd and Accenture Canada Holdings Inc., dated September 1, 2009 (incorporated by reference to Exhibit 10.2 to the 8-K12B)
|
|
10.14*
|
|
Form of Employment Agreement of executive officers in the United States (incorporated by reference to Exhibit 10.10 to the Accenture Ltd Registration Statement on Form S-1/A (File No. 333-59194) filed on June 8, 2001)
|
|
10.15*
|
|
Form of Employment Agreement of executive officers in France (incorporated by reference to Exhibit 10.14 to the Accenture Ltd August 31, 2007 10-K (File No. 001-16565))
|
|
10.16
|
|
Form of Articles of Association of Accenture Canada Holdings Inc. (incorporated by reference to Exhibit 10.11 to the July 2, 2001 Form S-1/A)
|
|
10.17
|
|
Form of Exchange Trust Agreement by and between Accenture Ltd and Accenture Canada Holdings Inc. and CIBC Mellon Trust Company, made as of May 23, 2001 (incorporated by reference to Exhibit 10.12 to the July 2, 2001 Form S-1/A)
|
|
10.18
|
|
First Supplemental Agreement to Exchange Trust Agreement among Accenture plc, Accenture Ltd, Accenture Canada Holdings Inc. and Accenture Inc., dated September 1, 2009 (incorporated by reference to Exhibit 10.3 to the 8-K12B)
|
|
10.19*
|
|
Form of Nonqualified Share Option Agreement for senior executives pursuant to the Accenture Ltd 2001 Share Incentive Plan (incorporated by reference to Exhibit 4.2 to the Accenture Ltd November 30, 2004 10-Q (File No. 001-16565))
|
|
10.20*
|
|
Form of Key Executive Performance-Based Award Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.2 to the February 29, 2012 10-Q)
|
|
10.21*
|
|
Form of Key Executive Performance-Based Award Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.2 to the February 28, 2011 10-Q)
|
|
10.22*
|
|
Form of Key Executive Performance-Based Award Restricted Share Unit Agreement pursuant to Accenture Ltd 2001 Share Incentive Plan (incorporated by reference to Exhibit 10.1 to the Accenture Ltd February 28, 2007 10-Q (File No. 001-16565)(the “February 28, 2007 10-Q”))
|
|
10.23*
|
|
Form of Key Executive Performance-Based Award Restricted Share Unit Agreement in France pursuant to Accenture Ltd 2001 Share Incentive Plan (filed herewith)
|
|
10.24*
|
|
Form of Key Executive Performance-Based Award Restricted Share Unit Agreement in France pursuant to Accenture Ltd 2001 Share Incentive Plan (filed herewith)
|
|
10.25*
|
|
Form of Senior Officer Performance Equity Award Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.3 to the February 29, 2012 10-Q)
|
|
10.26*
|
|
Form of Senior Officer Performance Equity Award Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.3 to the February 28, 2011 10-Q)
|
|
10.27*
|
|
Form of Senior Officer Performance Equity Award Restricted Share Unit Agreement pursuant to Accenture Ltd 2001 Share Incentive Plan (incorporated by reference to Exhibit 10.2 to the February 28, 2007 10-Q)
|
|
10.28*
|
|
Form of Senior Officer Performance Equity Award Restricted Share Unit Agreement in France pursuant to Accenture Ltd 2001 Share Incentive Plan (filed herewith)
|
|
10.29*
|
|
Form of Senior Officer Performance Equity Award Restricted Share Unit Agreement in France pursuant to Accenture Ltd 2001 Share Incentive Plan (filed herewith)
|
|
10.30*
|
|
Form of Senior Executive Performance Equity Award Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.4 to the February 29, 2012 10-Q)
|
|
10.31*
|
|
Form of Senior Executive Performance Equity Award Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.4 to the February 28, 2011 10-Q)
|
|
10.32*
|
|
Form of Senior Executive Performance Equity Award Restricted Share Unit Agreement in France pursuant to Accenture plc 2001 Share Incentive Plan (filed herewith)
|
|
10.33*
|
|
Form of Voluntary Equity Investment Program Matching Grant Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.5 to the February 29, 2012 10-Q)
|
|
10.34*
|
|
Form of Voluntary Equity Investment Program Matching Grant Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.5 to the February 28, 2011 10-Q)
|
|
10.35*
|
|
Form of Bonus Restricted Share Unit Agreement pursuant to Accenture Ltd 2001 Share Incentive Plan (filed herewith)
|
|
10.36*
|
|
Form of Restricted Share Unit Agreement for director grants pursuant to the Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.6 to the February 29, 2012 10-Q)
|
|
10.37*
|
|
Form of Restricted Share Unit Agreement for director grants pursuant to Accenture Ltd 2001 Share Incentive Plan (incorporated by reference to Exhibit 10.1 to the Accenture Ltd February 29, 2008 10-Q)
|
|
10.38*
|
|
Accenture LLP Senior Executive Separation Benefits Plan (filed herewith)
|
|
10.39*
|
|
Letter agreement between Accenture plc, Accenture LLP and Kevin Campbell (incorporated by reference to Exhibit 10 to Accenture plc’s 8-K filed on March 1, 2012)
|
|
10.40*
|
|
Description of Annual Bonus Plan (incorporated by reference to Exhibit 10.1 to the Accenture Ltd February 28, 2006 10-Q (File No. 001-16565))
|
|
10.41*
|
|
Form of Indemnification Agreement, between Accenture International Sàrl and the indemnitee party thereto (incorporated by reference to Exhibit 10.5 to the 8-K12B)
|
|
21.1
|
|
Subsidiaries of the Registrant (filed herewith)
|
|
23.1
|
|
Consent of KPMG LLP (filed herewith)
|
|
23.2
|
|
Consent of KPMG LLP related to the Accenture plc 2010 Employee Share Purchase Plan (filed herewith)
|
|
24.1
|
|
Power of Attorney (included on the signature page hereto)
|
|
31.1
|
|
Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
|
|
31.2
|
|
Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
|
|
32.1
|
|
Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
|
|
32.2
|
|
Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
|
|
99.1
|
|
Accenture plc 2010 Employee Share Purchase Plan Financial Statements (filed herewith)
|
|
101
|
|
The following financial information from Accenture plc’s Annual Report on Form 10-K for the fiscal year ended August 31, 2012, formatted in XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets as of August 31, 2012 and August 31, 2011, (ii) Consolidated Income Statements for the years ended August 31, 2012, 2011 and 2010, (iii) Consolidated Shareholders’ Equity and Comprehensive Income Statements for the years ended August 31, 2012, 2011 and 2010, (iv) Consolidated Cash Flows Statements for the years ended August 31, 2012, 2011 and 2010, and (v) the Notes to Consolidated Financial Statements
|
|
(*)
|
Indicates management contract or compensatory plan or arrangement.
|
|
ACCENTURE PLC
|
|
|
|
|
|
By:
|
/s/ P
IERRE
N
ANTERME
|
|
|
Name: Pierre Nanterme
Title: Chief Executive Officer
|
|
Signature
|
|
Title
|
|
|
|
|
|
/s/ P
IERRE
N
ANTERME
|
|
Chief Executive Officer and Director
|
|
Pierre Nanterme
|
|
(principal executive officer)
|
|
|
|
|
|
/s/ P
AMELA
J. C
RAIG
|
|
Chief Financial Officer
|
|
Pamela J. Craig
|
|
(principal financial officer)
|
|
|
|
|
|
/s/ A
NTHONY
G. C
OUGHLAN
|
|
Chief Accounting Officer
|
|
Anthony G. Coughlan
|
|
(principal accounting officer)
|
|
|
|
|
|
/s/ W
ILLIAM
D. G
REEN
|
|
Chairman of the Board and Director
|
|
William D. Green
|
|
|
|
|
|
|
|
/s/ D
INA
D
UBLON
|
|
Director
|
|
Dina Dublon
|
|
|
|
/s/ C
HARLES
G
IANCARLO
|
|
Director
|
|
Charles Giancarlo
|
|
|
|
|
|
|
|
/s/ N
OBUYUKI
I
DEI
|
|
Director
|
|
Nobuyuki Idei
|
|
|
|
|
|
|
|
/s/ W
ILLIAM
L. K
IMSEY
|
|
Director
|
|
William L. Kimsey
|
|
|
|
|
|
|
|
/s/ R
OBERT
I. L
IPP
|
|
Director
|
|
Robert I. Lipp
|
|
|
|
|
|
|
|
/s/ M
ARJORIE
M
AGNER
|
|
Director
|
|
Marjorie Magner
|
|
|
|
|
|
|
|
/s/ B
LYTHE
J. M
C
G
ARVIE
|
|
Director
|
|
Blythe J. McGarvie
|
|
|
|
|
|
|
|
/s/ S
IR
M
ARK
M
OODY
-S
TUART
|
|
Director
|
|
Sir Mark Moody-Stuart
|
|
|
|
|
|
|
|
/s/ G
ILLES
C. P
ÉLISSON
|
|
Director
|
|
Gilles C. Pélisson
|
|
|
|
|
|
|
|
/s/ W
ULF
VON
S
CHIMMELMANN
|
|
Director
|
|
Wulf von Schimmelmann
|
|
|
|
Exhibit
Number
|
|
Exhibit
|
|
3.1
|
|
Memorandum and Articles of Association of Accenture plc (incorporated by reference to Exhibit 3.1 to Accenture plc’s 8-K filed on February 9, 2012)
|
|
3.2
|
|
Certificate of Incorporation of Accenture plc (incorporated by reference to Exhibit 3.2 to Accenture plc’s 8-K12B filed on September 1, 2009 (the “8-K12B”))
|
|
10.1
|
|
Form of Voting Agreement, dated as of April 18, 2001, among Accenture Ltd and the covered persons party thereto as amended and restated as of February 3, 2005 (incorporated by reference to Exhibit 9.1 to the Accenture Ltd February 28, 2005 10-Q (File No. 001-16565)(the “February 28, 2005 10-Q”))
|
|
10.2
|
|
Assumption Agreement of the Amended and Restated Voting Agreement, dated September 1, 2009 (incorporated by reference to Exhibit 10.4 to the 8-K12B)
|
|
10.3*
|
|
Form of Non-Competition Agreement, dated as of April 18, 2001, among Accenture Ltd and certain employees (incorporated by reference to Exhibit 10.2 to the Accenture Ltd Registration Statement on Form S-1 (File No. 333-59194) filed on April 19, 2001 (the “April 19, 2001 Form S-1”))
|
|
10.4
|
|
Assumption and General Amendment Agreement between Accenture plc and Accenture Ltd, dated September 1, 2009 (incorporated by reference to Exhibit 10.1 to the 8-K12B)
|
|
10.5*
|
|
2001 Share Incentive Plan (incorporated by reference to Exhibit 10.3 to the Accenture Ltd Registration Statement on Form S-1/A (File No. 333-59194) filed on July 12, 2001)
|
|
10.6*
|
|
2010 Share Incentive Plan (incorporated by reference to Annex A of Accenture plc’s definitive Proxy Statement on Schedule 14A filed on December 21, 2009 (the “2009 Proxy Statement”))
|
|
10.7*
|
|
2010 Employee Share Purchase Plan (incorporated by reference to Annex B of the 2009 Proxy Statement)
|
|
10.8
|
|
Form of Articles of Association of Accenture SCA, updated as of November 15, 2010 (incorporated by reference to Exhibit 10.1 to the November 30, 2010 10-Q)
|
|
10.9
|
|
Form of Accenture SCA Transfer Rights Agreement, dated as of April 18, 2001, among Accenture SCA and the covered persons party thereto as amended and restated as of February 3, 2005 (incorporated by reference to Exhibit 10.2 to the February 28, 2005 10-Q)
|
|
10.10*
|
|
Form of Non-Competition Agreement, dated as of April 18, 2001, among Accenture SCA and certain employees (incorporated by reference to Exhibit 10.7 to the April 19, 2001 Form S-1)
|
|
10.11
|
|
Form of Letter Agreement, dated April 18, 2001, between Accenture SCA and certain shareholders of Accenture SCA (incorporated by reference to Exhibit 10.8 to the April 19, 2001 Form S-1)
|
|
10.12
|
|
Form of Support Agreement, dated as of May 23, 2001, between Accenture Ltd and Accenture Canada Holdings Inc. (incorporated by reference to Exhibit 10.9 to the Accenture Ltd Registration Statement on Form S-1/A (File No. 333-59194) filed on July 2, 2001 (the “July 2, 2001 Form S-1/A”))
|
|
10.13
|
|
First Supplemental Agreement to Support Agreement among Accenture plc, Accenture Ltd and Accenture Canada Holdings Inc., dated September 1, 2009 (incorporated by reference to Exhibit 10.2 to the 8-K12B)
|
|
10.14*
|
|
Form of Employment Agreement of executive officers in the United States (incorporated by reference to Exhibit 10.10 to the Accenture Ltd Registration Statement on Form S-1/A (File No. 333-59194) filed on June 8, 2001)
|
|
10.15*
|
|
Form of Employment Agreement of executive officers in France (incorporated by reference to Exhibit 10.14 to the Accenture Ltd August 31, 2007 10-K (File No. 001-16565))
|
|
10.16
|
|
Form of Articles of Association of Accenture Canada Holdings Inc. (incorporated by reference to Exhibit 10.11 to the July 2, 2001 Form S-1/A)
|
|
10.17
|
|
Form of Exchange Trust Agreement by and between Accenture Ltd and Accenture Canada Holdings Inc. and CIBC Mellon Trust Company, made as of May 23, 2001 (incorporated by reference to Exhibit 10.12 to the July 2, 2001 Form S-1/A)
|
|
10.18
|
|
First Supplemental Agreement to Exchange Trust Agreement among Accenture plc, Accenture Ltd, Accenture Canada Holdings Inc. and Accenture Inc., dated September 1, 2009 (incorporated by reference to Exhibit 10.3 to the 8-K12B)
|
|
10.19*
|
|
Form of Nonqualified Share Option Agreement for senior executives pursuant to the Accenture Ltd 2001 Share Incentive Plan (incorporated by reference to Exhibit 4.2 to the Accenture Ltd November 30, 2004 10-Q (File No. 001-16565))
|
|
10.20*
|
|
Form of Key Executive Performance-Based Award Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.2 to the February 29, 2012 10-Q)
|
|
10.21*
|
|
Form of Key Executive Performance-Based Award Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.2 to the February 28, 2011 10-Q)
|
|
10.22*
|
|
Form of Key Executive Performance-Based Award Restricted Share Unit Agreement pursuant to Accenture Ltd 2001 Share Incentive Plan (incorporated by reference to Exhibit 10.1 to the Accenture Ltd February 28, 2007 10-Q (File No. 001-16565)(the “February 28, 2007 10-Q”))
|
|
10.23*
|
|
Form of Key Executive Performance-Based Award Restricted Share Unit Agreement in France pursuant to Accenture Ltd 2001 Share Incentive Plan (filed herewith)
|
|
10.24*
|
|
Form of Key Executive Performance-Based Award Restricted Share Unit Agreement in France pursuant to Accenture Ltd 2001 Share Incentive Plan (filed herewith)
|
|
10.25*
|
|
Form of Senior Officer Performance Equity Award Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.3 to the February 29, 2012 10-Q)
|
|
10.26*
|
|
Form of Senior Officer Performance Equity Award Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.3 to the February 28, 2011 10-Q)
|
|
10.27*
|
|
Form of Senior Officer Performance Equity Award Restricted Share Unit Agreement pursuant to Accenture Ltd 2001 Share Incentive Plan (incorporated by reference to Exhibit 10.2 to the February 28, 2007 10-Q)
|
|
10.28*
|
|
Form of Senior Officer Performance Equity Award Restricted Share Unit Agreement in France pursuant to Accenture Ltd 2001 Share Incentive Plan (filed herewith)
|
|
10.29*
|
|
Form of Senior Officer Performance Equity Award Restricted Share Unit Agreement in France pursuant to Accenture Ltd 2001 Share Incentive Plan (filed herewith)
|
|
10.30*
|
|
Form of Senior Executive Performance Equity Award Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.4 to the February 29, 2012 10-Q)
|
|
10.31*
|
|
Form of Senior Executive Performance Equity Award Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.4 to the February 28, 2011 10-Q)
|
|
10.32*
|
|
Form of Senior Executive Performance Equity Award Restricted Share Unit Agreement in France pursuant to Accenture plc 2001 Share Incentive Plan (filed herewith)
|
|
10.33*
|
|
Form of Voluntary Equity Investment Program Matching Grant Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.5 to the February 29, 2012 10-Q)
|
|
10.34*
|
|
Form of Voluntary Equity Investment Program Matching Grant Restricted Share Unit Agreement pursuant to Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.5 to the February 28, 2011 10-Q)
|
|
10.35*
|
|
Form of Bonus Restricted Share Unit Agreement pursuant to Accenture Ltd 2001 Share Incentive Plan (filed herewith)
|
|
10.36*
|
|
Form of Restricted Share Unit Agreement for director grants pursuant to the Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.6 to the February 29, 2012 10-Q)
|
|
10.37*
|
|
Form of Restricted Share Unit Agreement for director grants pursuant to Accenture Ltd 2001 Share Incentive Plan (incorporated by reference to Exhibit 10.1 to the Accenture Ltd February 29, 2008 10-Q)
|
|
10.38*
|
|
Accenture LLP Senior Executive Separation Benefits Plan (filed herewith)
|
|
10.39*
|
|
Letter agreement between Accenture plc, Accenture LLP and Kevin Campbell (incorporated by reference to Exhibit 10 to Accenture plc’s 8-K filed on March 1, 2012)
|
|
10.40*
|
|
Description of Annual Bonus Plan (incorporated by reference to Exhibit 10.1 to the Accenture Ltd February 28, 2006 10-Q (File No. 001-16565))
|
|
10.41*
|
|
Form of Indemnification Agreement, between Accenture International Sàrl and the indemnitee party thereto (incorporated by reference to Exhibit 10.5 to the 8-K12B)
|
|
21.1
|
|
Subsidiaries of the Registrant (filed herewith)
|
|
23.1
|
|
Consent of KPMG LLP (filed herewith)
|
|
23.2
|
|
Consent of KPMG LLP related to the Accenture plc 2010 Employee Share Purchase Plan (filed herewith)
|
|
24.1
|
|
Power of Attorney (included on the signature page hereto)
|
|
31.1
|
|
Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
|
|
31.2
|
|
Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
|
|
32.1
|
|
Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
|
|
32.2
|
|
Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
|
|
99.1
|
|
Accenture plc 2010 Employee Share Purchase Plan Financial Statements (filed herewith)
|
|
101
|
|
The following financial information from Accenture plc’s Annual Report on Form 10-K for the fiscal year ended August 31, 2012, formatted in XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets as of August 31, 2012 and August 31, 2011, (ii) Consolidated Income Statements for the years ended August 31, 2012, 2011 and 2010, (iii) Consolidated Shareholders’ Equity and Comprehensive Income Statements for the years ended August 31, 2012, 2011 and 2010, (iv) Consolidated Cash Flows Statements for the years ended August 31, 2012, 2011 and 2010, and (v) the Notes to Consolidated Financial Statements
|
|
(*)
|
Indicates management contract or compensatory plan or arrangement.
|
|
|
|
|
|
|
|
Page
|
|
|
F-2
|
|
|
Consolidated Financial Statements as of August 31, 2012 and 2011 and for the years ended August 31, 2012, 2011 and 2010:
|
|
|
|
|
F-3
|
|
|
|
F-4
|
|
|
|
F-5
|
|
|
|
F-8
|
|
|
|
F-9
|
|
|
|
August 31,
2012 |
|
August 31,
2011 |
||||
|
ASSETS
|
|
|
|
||||
|
CURRENT ASSETS:
|
|
|
|
||||
|
Cash and cash equivalents
|
$
|
6,640,526
|
|
|
$
|
5,701,078
|
|
|
Short-term investments
|
2,261
|
|
|
4,929
|
|
||
|
Receivables from clients, net
|
3,080,877
|
|
|
3,236,059
|
|
||
|
Unbilled services, net
|
1,399,834
|
|
|
1,385,733
|
|
||
|
Deferred income taxes, net
|
685,732
|
|
|
556,160
|
|
||
|
Other current assets
|
778,701
|
|
|
587,224
|
|
||
|
Total current assets
|
12,587,931
|
|
|
11,471,183
|
|
||
|
NON-CURRENT ASSETS:
|
|
|
|
||||
|
Unbilled services, net
|
12,151
|
|
|
49,192
|
|
||
|
Investments
|
28,180
|
|
|
40,365
|
|
||
|
Property and equipment, net
|
779,494
|
|
|
785,231
|
|
||
|
Goodwill
|
1,215,383
|
|
|
1,131,991
|
|
||
|
Deferred contract costs
|
537,943
|
|
|
559,794
|
|
||
|
Deferred income taxes, net
|
808,765
|
|
|
756,079
|
|
||
|
Other non-current assets
|
695,568
|
|
|
937,675
|
|
||
|
Total non-current assets
|
4,077,484
|
|
|
4,260,327
|
|
||
|
TOTAL ASSETS
|
$
|
16,665,415
|
|
|
$
|
15,731,510
|
|
|
LIABILITIES AND SHAREHOLDERS’ EQUITY
|
|
|
|
||||
|
CURRENT LIABILITIES:
|
|
|
|
||||
|
Current portion of long-term debt and bank borrowings
|
$
|
11
|
|
|
$
|
4,419
|
|
|
Accounts payable
|
903,847
|
|
|
949,250
|
|
||
|
Deferred revenues
|
2,275,052
|
|
|
2,219,270
|
|
||
|
Accrued payroll and related benefits
|
3,428,838
|
|
|
3,259,252
|
|
||
|
Accrued consumption taxes
|
317,622
|
|
|
348,540
|
|
||
|
Income taxes payable
|
253,527
|
|
|
238,003
|
|
||
|
Deferred income taxes, net
|
21,916
|
|
|
32,647
|
|
||
|
Other accrued liabilities
|
908,392
|
|
|
855,208
|
|
||
|
Total current liabilities
|
8,109,205
|
|
|
7,906,589
|
|
||
|
NON-CURRENT LIABILITIES:
|
|
|
|
||||
|
Long-term debt
|
22
|
|
|
—
|
|
||
|
Deferred revenues relating to contract costs
|
553,764
|
|
|
553,440
|
|
||
|
Retirement obligation
|
1,352,266
|
|
|
995,695
|
|
||
|
Deferred income taxes, net
|
105,544
|
|
|
72,257
|
|
||
|
Income taxes payable
|
1,597,590
|
|
|
1,619,076
|
|
||
|
Other non-current liabilities
|
322,596
|
|
|
233,581
|
|
||
|
Total non-current liabilities
|
3,931,782
|
|
|
3,474,049
|
|
||
|
COMMITMENTS AND CONTINGENCIES
|
|
|
|
||||
|
SHAREHOLDERS’ EQUITY:
|
|
|
|
||||
|
Ordinary shares, par value 1.00 euros per share, 40,000 shares authorized and issued as of August 31, 2012 and August 31, 2011
|
57
|
|
|
57
|
|
||
|
Class A ordinary shares, par value $0.0000225 per share, 20,000,000,000 shares authorized, 745,749,177 and 727,795,770 shares issued as of August 31, 2012 and August 31, 2011, respectively
|
16
|
|
|
16
|
|
||
|
Class X ordinary shares, par value $0.0000225 per share, 1,000,000,000 shares authorized, 43,371,864 and 49,365,379 shares issued and outstanding as of August 31, 2012 and August 31, 2011, respectively
|
1
|
|
|
1
|
|
||
|
Restricted share units
|
863,714
|
|
|
784,277
|
|
||
|
Additional paid-in capital
|
1,341,576
|
|
|
525,037
|
|
||
|
Treasury shares, at cost: Ordinary, 40,000 shares as of August 31, 2012 and August 31, 2011; Class A ordinary, 112,370,409 and 86,361,763 shares as of August 31, 2012 and August 31, 2011, respectively
|
(5,285,625
|
)
|
|
(3,577,574
|
)
|
||
|
Retained earnings
|
7,904,242
|
|
|
6,281,517
|
|
||
|
Accumulated other comprehensive loss
|
(678,148
|
)
|
|
(134,380
|
)
|
||
|
Total Accenture plc shareholders’ equity
|
4,145,833
|
|
|
3,878,951
|
|
||
|
Noncontrolling interests
|
478,595
|
|
|
471,921
|
|
||
|
Total shareholders’ equity
|
4,624,428
|
|
|
4,350,872
|
|
||
|
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
|
$
|
16,665,415
|
|
|
$
|
15,731,510
|
|
|
|
2012
|
|
2011
|
|
2010
|
||||||
|
REVENUES:
|
|
|
|
|
|
||||||
|
Revenues before reimbursements (“Net revenues”)
|
$
|
27,862,330
|
|
|
$
|
25,507,036
|
|
|
$
|
21,550,568
|
|
|
Reimbursements
|
1,915,655
|
|
|
1,845,878
|
|
|
1,543,510
|
|
|||
|
Revenues
|
29,777,985
|
|
|
27,352,914
|
|
|
23,094,078
|
|
|||
|
OPERATING EXPENSES:
|
|
|
|
|
|
||||||
|
Cost of services:
|
|
|
|
|
|
||||||
|
Cost of services before reimbursable expenses
|
18,874,629
|
|
|
17,120,317
|
|
|
14,299,821
|
|
|||
|
Reimbursable expenses
|
1,915,655
|
|
|
1,845,878
|
|
|
1,543,510
|
|
|||
|
Cost of services
|
20,790,284
|
|
|
18,966,195
|
|
|
15,843,331
|
|
|||
|
Sales and marketing
|
3,303,478
|
|
|
3,094,465
|
|
|
2,658,058
|
|
|||
|
General and administrative costs
|
1,810,984
|
|
|
1,820,277
|
|
|
1,668,306
|
|
|||
|
Reorganization costs, net
|
1,691
|
|
|
1,520
|
|
|
9,538
|
|
|||
|
Total operating expenses
|
25,906,437
|
|
|
23,882,457
|
|
|
20,179,233
|
|
|||
|
OPERATING INCOME
|
3,871,548
|
|
|
3,470,457
|
|
|
2,914,845
|
|
|||
|
Loss on investments, net
|
(858
|
)
|
|
(1,086
|
)
|
|
(6
|
)
|
|||
|
Interest income
|
42,550
|
|
|
41,083
|
|
|
29,931
|
|
|||
|
Interest expense
|
(15,061
|
)
|
|
(15,000
|
)
|
|
(14,677
|
)
|
|||
|
Other income (expense), net
|
5,995
|
|
|
16,568
|
|
|
(15,724
|
)
|
|||
|
INCOME BEFORE INCOME TAXES
|
3,904,174
|
|
|
3,512,022
|
|
|
2,914,369
|
|
|||
|
Provision for income taxes
|
1,079,241
|
|
|
958,782
|
|
|
853,910
|
|
|||
|
NET INCOME
|
2,824,933
|
|
|
2,553,240
|
|
|
2,060,459
|
|
|||
|
Net income attributable to noncontrolling interests in
Accenture SCA and Accenture Canada Holdings Inc. |
(237,520
|
)
|
|
(243,575
|
)
|
|
(257,636
|
)
|
|||
|
Net income attributable to noncontrolling interests – other
|
(33,903
|
)
|
|
(31,988
|
)
|
|
(22,167
|
)
|
|||
|
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC
|
$
|
2,553,510
|
|
|
$
|
2,277,677
|
|
|
$
|
1,780,656
|
|
|
Weighted average Class A ordinary shares:
|
|
|
|
|
|
||||||
|
Basic
|
643,132,601
|
|
|
645,631,170
|
|
|
637,170,234
|
|
|||
|
Diluted
|
726,416,452
|
|
|
742,823,519
|
|
|
767,013,385
|
|
|||
|
Earnings per Class A ordinary share:
|
|
|
|
|
|
||||||
|
Basic
|
$
|
3.97
|
|
|
$
|
3.53
|
|
|
$
|
2.79
|
|
|
Diluted
|
$
|
3.84
|
|
|
$
|
3.39
|
|
|
$
|
2.66
|
|
|
Cash dividends per share
|
$
|
1.35
|
|
|
$
|
0.90
|
|
|
$
|
1.125
|
|
|
ACCENTURE PLC
CONSOLIDATED SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME STATEMENTS
For the Years Ended August 31, 2012, 2011 and 2010
(In thousands of U.S. dollars and share amounts)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Ordinary
Shares
|
|
Class A
Ordinary
Shares
|
|
Class X
Ordinary
Shares
|
|
Restricted Share Units
|
|
Additional Paid-in Capital
|
|
Treasury Shares
|
|
|
|
Accumulated Other Comprehensive Income (Loss)
|
|
Total Accenture plc Shareholders’ Equity
|
|
Noncontrolling Interests
|
|
Total Shareholders’ Equity
|
||||||||||||||||||||||||||||||||||
|
|
$
|
|
No. Shares
|
|
$
|
|
No. Shares
|
|
$
|
|
No. Shares
|
|
|
|
$
|
|
No. Shares
|
|
Retained Earnings
|
|
|
|
|
||||||||||||||||||||||||||||||||
|
Balance as of August 31, 2009
|
$
|
—
|
|
|
—
|
|
|
$
|
15
|
|
|
677,020
|
|
|
$
|
2
|
|
|
89,919
|
|
|
$
|
870,699
|
|
|
$
|
—
|
|
|
$
|
(1,755,446
|
)
|
|
(54,064
|
)
|
|
$
|
3,947,129
|
|
|
$
|
(227,178
|
)
|
|
$
|
2,835,221
|
|
|
$
|
550,985
|
|
|
$
|
3,386,206
|
|
|
Comprehensive income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||
|
Net income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,780,656
|
|
|
|
|
1,780,656
|
|
|
279,803
|
|
|
$
|
2,060,459
|
|
|||||||||||||||||||||
|
Other comprehensive loss:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||
|
Unrealized gains on cash flow hedges, net of tax and reclassification adjustments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,915
|
|
|
14,915
|
|
|
1,932
|
|
|
16,847
|
|
||||||||||||||||||||||
|
Unrealized losses on marketable securities, net of reclassification adjustments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(523
|
)
|
|
(523
|
)
|
|
(68
|
)
|
|
(591
|
)
|
||||||||||||||||||||||
|
Foreign currency translation adjustments, net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,261
|
|
|
4,261
|
|
|
72
|
|
|
4,333
|
|
||||||||||||||||||||||
|
Defined benefit plans, net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(177,767
|
)
|
|
(177,767
|
)
|
|
(23,032
|
)
|
|
(200,799
|
)
|
||||||||||||||||||||||
|
Other comprehensive loss
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(159,114
|
)
|
|
|
|
(21,096
|
)
|
|
|
||||||||||||||||||||||||
|
Comprehensive income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,621,542
|
|
|
|
|
1,880,249
|
|
||||||||||||||||||||||||
|
Income tax benefit on share-based compensation plans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
65,946
|
|
|
|
|
|
|
|
|
|
|
65,946
|
|
|
|
|
65,946
|
|
|||||||||||||||||||||||
|
Issuances and purchases of Ordinary shares
|
57
|
|
|
40
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(57
|
)
|
|
(40
|
)
|
|
|
|
|
|
—
|
|
|
|
|
—
|
|
||||||||||||||||||||
|
Purchases of Class A ordinary shares
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
118,823
|
|
|
(1,125,434
|
)
|
|
(28,607
|
)
|
|
|
|
|
|
|
(1,006,611
|
)
|
|
(118,827
|
)
|
|
(1,125,438
|
)
|
||||||||||||||||||
|
Share-based compensation expense
|
|
|
|
|
|
|
|
|
|
|
|
|
395,899
|
|
|
29,923
|
|
|
|
|
|
|
|
|
|
|
|
|
425,822
|
|
|
|
|
425,822
|
|
||||||||||||||||||||
|
Purchases/redemptions of Accenture SCA Class I common shares, Accenture Canada Holdings Inc. exchangeable shares and Class X ordinary shares
|
|
|
|
|
|
|
|
|
(1
|
)
|
|
(24,934
|
)
|
|
|
|
(500,319
|
)
|
|
|
|
|
|
(325,523
|
)
|
|
|
|
(825,843
|
)
|
|
(119,594
|
)
|
|
(945,437
|
)
|
|||||||||||||||||||
|
Issuances of Class A ordinary shares:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||
|
Employee share programs
|
|
|
|
|
1
|
|
|
15,818
|
|
|
|
|
|
|
(344,523
|
)
|
|
384,209
|
|
|
356,800
|
|
|
10,895
|
|
|
|
|
|
|
396,487
|
|
|
40,538
|
|
|
437,025
|
|
|||||||||||||||||
|
Upon redemption of Accenture SCA Class I common shares
|
|
|
|
|
|
|
3,977
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
—
|
|
|
|
|
—
|
|
|||||||||||||||||||||||
|
Dividends
|
|
|
|
|
|
|
|
|
|
|
|
|
51,814
|
|
|
|
|
|
|
|
|
|
(762,107
|
)
|
|
|
|
(710,293
|
)
|
|
(113,855
|
)
|
|
(824,148
|
)
|
||||||||||||||||||||
|
Other, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39,301
|
|
|
|
|
|
|
(5,826
|
)
|
|
|
|
33,475
|
|
|
(58,977
|
)
|
|
(25,502
|
)
|
|||||||||||||||||||||
|
Balance as of August 31, 2010
|
$
|
57
|
|
|
40
|
|
|
$
|
16
|
|
|
696,815
|
|
|
$
|
1
|
|
|
64,985
|
|
|
$
|
973,889
|
|
|
$
|
137,883
|
|
|
$
|
(2,524,137
|
)
|
|
(71,816
|
)
|
|
$
|
4,634,329
|
|
|
$
|
(386,292
|
)
|
|
$
|
2,835,746
|
|
|
$
|
438,977
|
|
|
$
|
3,274,723
|
|
|
ACCENTURE PLC
CONSOLIDATED SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME STATEMENTS — (Continued)
For the Years Ended August 31, 2012, 2011 and 2010
(In thousands of U.S. dollars and share amounts)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Ordinary
Shares
|
|
Class A
Ordinary
Shares
|
|
Class X
Ordinary
Shares
|
|
Restricted Share Units
|
|
Additional Paid-in Capital
|
|
Treasury Shares
|
|
|
|
Accumulated Other Comprehensive Income (Loss)
|
|
Total Accenture plc Shareholders’ Equity
|
|
Noncontrolling Interests
|
|
Total Shareholders’ Equity
|
||||||||||||||||||||||||||||||||||
|
|
$
|
|
No. Shares
|
|
$
|
|
No. Shares
|
|
$
|
|
No. Shares
|
|
|
|
$
|
|
No. Shares
|
|
Retained Earnings
|
|
|
|
|
||||||||||||||||||||||||||||||||
|
Comprehensive income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||
|
Net income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,277,677
|
|
|
|
|
2,277,677
|
|
|
275,563
|
|
|
2,553,240
|
|
||||||||||||||||||||||
|
Other comprehensive income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||
|
Unrealized gains on cash flow hedges, net of tax and reclassification adjustments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,014
|
|
|
28,014
|
|
|
2,737
|
|
|
30,751
|
|
||||||||||||||||||||||
|
Unrealized losses on marketable securities, net of reclassification adjustments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(215
|
)
|
|
(215
|
)
|
|
(21
|
)
|
|
(236
|
)
|
||||||||||||||||||||||
|
Foreign currency translation adjustments, net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
192,408
|
|
|
192,408
|
|
|
25,965
|
|
|
218,373
|
|
||||||||||||||||||||||
|
Defined benefit plans, net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31,705
|
|
|
31,705
|
|
|
3,097
|
|
|
34,802
|
|
||||||||||||||||||||||
|
Other comprehensive income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
251,912
|
|
|
|
|
31,778
|
|
|
|
||||||||||||||||||||||||
|
Comprehensive income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,529,589
|
|
|
|
|
2,836,930
|
|
||||||||||||||||||||||||
|
Income tax benefit on share-based compensation plans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
93,772
|
|
|
|
|
|
|
|
|
|
|
93,772
|
|
|
|
|
93,772
|
|
|||||||||||||||||||||||
|
Purchases of Class A ordinary shares
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
137,599
|
|
|
(1,599,734
|
)
|
|
(31,013
|
)
|
|
|
|
|
|
(1,462,135
|
)
|
|
(137,599
|
)
|
|
(1,599,734
|
)
|
||||||||||||||||||||
|
Share-based compensation expense
|
|
|
|
|
|
|
|
|
|
|
|
|
415,918
|
|
|
34,219
|
|
|
|
|
|
|
|
|
|
|
450,137
|
|
|
|
|
450,137
|
|
||||||||||||||||||||||
|
Purchases/redemptions of Accenture SCA Class I common shares, Accenture Canada Holdings Inc. exchangeable shares and Class X ordinary shares
|
|
|
|
|
|
|
|
|
|
|
|
(15,620
|
)
|
|
|
|
(515,690
|
)
|
|
|
|
|
|
|
|
|
|
|
(515,690
|
)
|
|
(56,453
|
)
|
|
(572,143
|
)
|
|||||||||||||||||||
|
Issuances of Class A ordinary shares:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||
|
Employee share programs
|
|
|
|
|
|
|
|
24,144
|
|
|
|
|
|
|
(638,085
|
)
|
|
616,086
|
|
|
546,297
|
|
|
16,427
|
|
|
|
|
|
|
524,298
|
|
|
33,068
|
|
|
557,366
|
|
|||||||||||||||||
|
Upon redemption of Accenture SCA Class I common shares
|
|
|
|
|
|
|
6,837
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
—
|
|
|
|
|
—
|
|
|||||||||||||||||||||||
|
Dividends
|
|
|
|
|
|
|
|
|
|
|
|
|
32,555
|
|
|
|
|
|
|
|
|
(610,751
|
)
|
|
|
|
(578,196
|
)
|
|
(65,446
|
)
|
|
(643,642
|
)
|
|||||||||||||||||||||
|
Other, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,168
|
|
|
|
|
|
|
(19,738
|
)
|
|
|
|
1,430
|
|
|
(47,967
|
)
|
|
(46,537
|
)
|
|||||||||||||||||||||
|
Balance as of August 31, 2011
|
$
|
57
|
|
|
40
|
|
|
$
|
16
|
|
|
727,796
|
|
|
$
|
1
|
|
|
49,365
|
|
|
$
|
784,277
|
|
|
$
|
525,037
|
|
|
$
|
(3,577,574
|
)
|
|
(86,402
|
)
|
|
$
|
6,281,517
|
|
|
$
|
(134,380
|
)
|
|
$
|
3,878,951
|
|
|
$
|
471,921
|
|
|
$
|
4,350,872
|
|
|
ACCENTURE PLC
CONSOLIDATED SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME STATEMENTS — (Continued)
For the Years Ended August 31, 2012, 2011 and 2010
(In thousands of U.S. dollars and share amounts)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Ordinary
Shares
|
|
Class A
Ordinary
Shares
|
|
Class X
Ordinary
Shares
|
|
Restricted Share Units
|
|
Additional Paid-in Capital
|
|
Treasury Shares
|
|
|
|
Accumulated Other Comprehensive Income (Loss)
|
|
Total Accenture plc Shareholders’ Equity
|
|
Noncontrolling Interests
|
|
Total Shareholders’ Equity
|
||||||||||||||||||||||||||||||||||
|
|
$
|
|
No. Shares
|
|
$
|
|
No. Shares
|
|
$
|
|
No. Shares
|
|
|
|
$
|
|
No. Shares
|
|
Retained Earnings
|
|
|
|
|
||||||||||||||||||||||||||||||||
|
Comprehensive income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||
|
Net income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,553,510
|
|
|
|
|
2,553,510
|
|
|
271,423
|
|
|
2,824,933
|
|
||||||||||||||||||||||
|
Other comprehensive loss:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||
|
Unrealized losses on cash flow hedges, net of tax and reclassification adjustments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(51,756
|
)
|
|
(51,756
|
)
|
|
(4,556
|
)
|
|
(56,312
|
)
|
||||||||||||||||||||||
|
Unrealized gains on marketable securities, net of reclassification adjustments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
990
|
|
|
990
|
|
|
87
|
|
|
1,077
|
|
||||||||||||||||||||||
|
Foreign currency translation adjustments, net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(303,780
|
)
|
|
(303,780
|
)
|
|
(27,479
|
)
|
|
(331,259
|
)
|
||||||||||||||||||||||
|
Defined benefit plans, net of tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(189,222
|
)
|
|
(189,222
|
)
|
|
(16,655
|
)
|
|
(205,877
|
)
|
||||||||||||||||||||||
|
Other comprehensive loss
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(543,768
|
)
|
|
|
|
(48,603
|
)
|
|
|
||||||||||||||||||||||||
|
Comprehensive income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,009,742
|
|
|
|
|
2,232,562
|
|
||||||||||||||||||||||||
|
Income tax benefit on share-based compensation plans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
113,620
|
|
|
|
|
|
|
|
|
|
|
113,620
|
|
|
|
|
113,620
|
|
|||||||||||||||||||||||
|
Purchases of Class A ordinary shares
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
146,689
|
|
|
(1,960,396
|
)
|
|
(34,316
|
)
|
|
|
|
|
|
(1,813,707
|
)
|
|
(146,689
|
)
|
|
(1,960,396
|
)
|
||||||||||||||||||||
|
Share-based compensation expense
|
|
|
|
|
|
|
|
|
|
|
|
|
497,531
|
|
|
40,555
|
|
|
|
|
|
|
|
|
|
|
538,086
|
|
|
|
|
538,086
|
|
||||||||||||||||||||||
|
Purchases/redemptions of Accenture SCA Class I common shares, Accenture Canada Holdings Inc. exchangeable shares and Class X ordinary shares
|
|
|
|
|
|
|
|
|
|
|
(5,993
|
)
|
|
|
|
(126,354
|
)
|
|
|
|
|
|
|
|
|
|
(126,354
|
)
|
|
(12,091
|
)
|
|
(138,445
|
)
|
|||||||||||||||||||||
|
Issuances of Class A ordinary shares:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||
|
Employee share programs
|
|
|
|
|
|
|
13,331
|
|
|
|
|
|
|
(465,672
|
)
|
|
653,442
|
|
|
252,345
|
|
|
8,308
|
|
|
|
|
|
|
440,115
|
|
|
14,272
|
|
|
454,387
|
|
||||||||||||||||||
|
Upon redemption of Accenture SCA Class I common shares
|
|
|
|
|
|
|
4,622
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
—
|
|
|
|
|
—
|
|
|||||||||||||||||||||||
|
Dividends
|
|
|
|
|
|
|
|
|
|
|
|
|
47,578
|
|
|
|
|
|
|
|
|
(915,929
|
)
|
|
|
|
(868,351
|
)
|
|
(82,506
|
)
|
|
(950,857
|
)
|
|||||||||||||||||||||
|
Other, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(11,413
|
)
|
|
|
|
|
|
(14,856
|
)
|
|
|
|
(26,269
|
)
|
|
10,868
|
|
|
(15,401
|
)
|
|||||||||||||||||||||
|
Balance as of August 31, 2012
|
$
|
57
|
|
|
40
|
|
|
$
|
16
|
|
|
745,749
|
|
|
$
|
1
|
|
|
43,372
|
|
|
$
|
863,714
|
|
|
$
|
1,341,576
|
|
|
$
|
(5,285,625
|
)
|
|
(112,410
|
)
|
|
$
|
7,904,242
|
|
|
$
|
(678,148
|
)
|
|
$
|
4,145,833
|
|
|
$
|
478,595
|
|
|
$
|
4,624,428
|
|
|
|
2012
|
|
2011
|
|
2010
|
||||||
|
CASH FLOWS FROM OPERATING ACTIVITIES:
|
|
|
|
|
|
||||||
|
Net income
|
$
|
2,824,933
|
|
|
$
|
2,553,240
|
|
|
$
|
2,060,459
|
|
|
Adjustments to reconcile Net income to Net cash provided by operating activities—
|
|
|
|
|
|
||||||
|
Depreciation, amortization and asset impairments
|
593,545
|
|
|
513,256
|
|
|
474,688
|
|
|||
|
Reorganization costs, net
|
1,691
|
|
|
1,520
|
|
|
9,538
|
|
|||
|
Share-based compensation expense
|
538,086
|
|
|
450,137
|
|
|
425,822
|
|
|||
|
Deferred income taxes, net
|
(176,078
|
)
|
|
(196,395
|
)
|
|
58,729
|
|
|||
|
Other, net
|
(94,332
|
)
|
|
81,127
|
|
|
35,604
|
|
|||
|
Change in assets and liabilities, net of acquisitions—
|
|
|
|
|
|
||||||
|
Receivables from clients, net
|
15,822
|
|
|
(486,128
|
)
|
|
(355,193
|
)
|
|||
|
Unbilled services, current and non-current
|
(144,281
|
)
|
|
(134,353
|
)
|
|
(22,040
|
)
|
|||
|
Other current and non-current assets
|
(126,296
|
)
|
|
(466,913
|
)
|
|
(251,058
|
)
|
|||
|
Accounts payable
|
(68,082
|
)
|
|
63,005
|
|
|
125,126
|
|
|||
|
Deferred revenues, current and non-current
|
229,724
|
|
|
294,512
|
|
|
93,024
|
|
|||
|
Accrued payroll and related benefits
|
420,049
|
|
|
442,107
|
|
|
359,471
|
|
|||
|
Income taxes payable, current and non-current
|
73,029
|
|
|
186,937
|
|
|
189,323
|
|
|||
|
Other current and non-current liabilities
|
169,042
|
|
|
139,687
|
|
|
(111,873
|
)
|
|||
|
Net cash provided by operating activities
|
4,256,852
|
|
|
3,441,739
|
|
|
3,091,620
|
|
|||
|
CASH FLOWS FROM INVESTING ACTIVITIES:
|
|
|
|
|
|
||||||
|
Proceeds from maturities and sales of available-for-sale investments
|
12,549
|
|
|
10,932
|
|
|
15,261
|
|
|||
|
Purchases of available-for-sale investments
|
(7,554
|
)
|
|
(11,173
|
)
|
|
(13,528
|
)
|
|||
|
Proceeds from sales of property and equipment
|
5,977
|
|
|
6,755
|
|
|
3,792
|
|
|||
|
Purchases of property and equipment
|
(371,974
|
)
|
|
(403,714
|
)
|
|
(238,215
|
)
|
|||
|
Purchases of businesses and investments, net of cash acquired
|
(174,383
|
)
|
|
(306,187
|
)
|
|
(41,075
|
)
|
|||
|
Net cash used in investing activities
|
(535,385
|
)
|
|
(703,387
|
)
|
|
(273,765
|
)
|
|||
|
CASH FLOWS FROM FINANCING ACTIVITIES:
|
|
|
|
|
|
||||||
|
Proceeds from issuance of ordinary shares
|
454,387
|
|
|
557,366
|
|
|
437,025
|
|
|||
|
Purchases of shares
|
(2,098,841
|
)
|
|
(2,171,877
|
)
|
|
(2,070,875
|
)
|
|||
|
(Repayments of) proceeds from long-term debt, net
|
(6,399
|
)
|
|
(1,539
|
)
|
|
682
|
|
|||
|
Proceeds from (repayments of) short-term borrowings, net
|
131
|
|
|
(69
|
)
|
|
5
|
|
|||
|
Cash dividends paid
|
(950,857
|
)
|
|
(643,642
|
)
|
|
(824,148
|
)
|
|||
|
Excess tax benefits from share-based payment arrangements
|
78,357
|
|
|
171,314
|
|
|
67,323
|
|
|||
|
Other, net
|
(35,633
|
)
|
|
(33,057
|
)
|
|
(39,038
|
)
|
|||
|
Net cash used in financing activities
|
(2,558,855
|
)
|
|
(2,121,504
|
)
|
|
(2,429,026
|
)
|
|||
|
Effect of exchange rate changes on cash and cash equivalents
|
(223,164
|
)
|
|
245,938
|
|
|
(92,199
|
)
|
|||
|
NET INCREASE IN CASH AND CASH EQUIVALENTS
|
939,448
|
|
|
862,786
|
|
|
296,630
|
|
|||
|
CASH AND CASH EQUIVALENTS,
beginning of period
|
5,701,078
|
|
|
4,838,292
|
|
|
4,541,662
|
|
|||
|
CASH AND CASH EQUIVALENTS,
end of period
|
$
|
6,640,526
|
|
|
$
|
5,701,078
|
|
|
$
|
4,838,292
|
|
|
Supplemental cash flow information
|
|
|
|
|
|
||||||
|
Interest paid
|
$
|
15,133
|
|
|
$
|
14,884
|
|
|
$
|
14,733
|
|
|
Income taxes paid
|
$
|
1,033,704
|
|
|
$
|
824,434
|
|
|
$
|
608,035
|
|
|
Buildings
|
20 to 25 years
|
|
Computers, related equipment and software
|
2 to 7 years
|
|
Furniture and fixtures
|
5 to 10 years
|
|
Leasehold improvements
|
Lesser of lease term or 15 years
|
|
|
Fiscal
|
||||||||||
|
|
2012
|
|
2011
|
|
2010
|
||||||
|
Training costs
|
$
|
857,574
|
|
|
$
|
810,387
|
|
|
$
|
591,229
|
|
|
Research and development costs
|
559,611
|
|
|
481,970
|
|
|
376,985
|
|
|||
|
Advertising costs
|
81,640
|
|
|
81,420
|
|
|
81,218
|
|
|||
|
(Release of) provision for doubtful accounts (1)
|
(204
|
)
|
|
(24,361
|
)
|
|
3,345
|
|
|||
|
(1)
|
For additional information, see “—Client Receivables, Unbilled Services and Allowances.”
|
|
|
Fiscal
|
||||||||||
|
|
2012
|
|
2011
|
|
2010
|
||||||
|
Basic Earnings per share
|
|
|
|
|
|
||||||
|
Net income attributable to Accenture plc
|
$
|
2,553,510
|
|
|
$
|
2,277,677
|
|
|
$
|
1,780,656
|
|
|
Basic weighted average Class A ordinary shares
|
643,132,601
|
|
|
645,631,170
|
|
|
637,170,234
|
|
|||
|
Basic earnings per share
|
$
|
3.97
|
|
|
$
|
3.53
|
|
|
$
|
2.79
|
|
|
Diluted Earnings per share
|
|
|
|
|
|
||||||
|
Net income attributable to Accenture plc
|
$
|
2,553,510
|
|
|
$
|
2,277,677
|
|
|
$
|
1,780,656
|
|
|
Net income attributable to noncontrolling interests in Accenture SCA and
Accenture Canada Holdings Inc. (1) |
237,520
|
|
|
243,575
|
|
|
257,636
|
|
|||
|
Net income for diluted earnings per share calculation
|
$
|
2,791,030
|
|
|
$
|
2,521,252
|
|
|
$
|
2,038,292
|
|
|
Basic weighted average Class A ordinary shares
|
643,132,601
|
|
|
645,631,170
|
|
|
637,170,234
|
|
|||
|
Class A ordinary shares issuable upon redemption/exchange of noncontrolling
interests (1) |
59,833,742
|
|
|
69,326,725
|
|
|
92,279,826
|
|
|||
|
Diluted effect of employee compensation related to Class A ordinary shares (2)
|
23,322,514
|
|
|
27,735,094
|
|
|
37,259,740
|
|
|||
|
Diluted effect of share purchase plans related to Class A ordinary shares
|
127,595
|
|
|
130,530
|
|
|
303,585
|
|
|||
|
Diluted weighted average Class A ordinary shares
|
726,416,452
|
|
|
742,823,519
|
|
|
767,013,385
|
|
|||
|
Diluted earnings per share (2)
|
$
|
3.84
|
|
|
$
|
3.39
|
|
|
$
|
2.66
|
|
|
(1)
|
Diluted earnings per share assumes the redemption of all Accenture SCA Class I common shares owned by holders of noncontrolling interests and the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares, on a one-for-one basis. The income effect does not take into account “Net income attributable to noncontrolling interests—other,” since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares.
|
|
(2)
|
Fiscal
2011
and
2010
diluted weighted average Accenture plc Class A ordinary shares and earnings per share amounts have been restated to reflect the impact of the issuance of additional restricted share units to holders of restricted share units in connection with the
fiscal 2012
payment of cash dividends. This restatement resulted in a
one cent
decrease in diluted earnings per share from
$3.40
to
$3.39
for
fiscal 2011
.
|
|
|
Fiscal
|
||||||||||
|
|
2012
|
|
2011
|
|
2010
|
||||||
|
Reorganization liability, beginning of period
|
$
|
307,286
|
|
|
$
|
271,907
|
|
|
$
|
296,104
|
|
|
Final determinations(1)
|
—
|
|
|
—
|
|
|
(1,999
|
)
|
|||
|
Interest expense accrued
|
1,691
|
|
|
1,520
|
|
|
11,537
|
|
|||
|
Payments
|
—
|
|
|
(3,873
|
)
|
|
—
|
|
|||
|
Foreign currency translation adjustments
|
(40,171
|
)
|
|
37,732
|
|
|
(33,735
|
)
|
|||
|
Reorganization liability, end of period
|
$
|
268,806
|
|
|
$
|
307,286
|
|
|
$
|
271,907
|
|
|
(1)
|
Includes final agreements with tax authorities and expirations of statutes of limitations.
|
|
|
August 31,
|
||||||
|
|
2012
|
|
2011
|
||||
|
Net unrealized (losses) gains on cash flow hedges, net of tax of $(12,348) and $19,960, respectively
|
$
|
(19,402
|
)
|
|
$
|
32,354
|
|
|
Net unrealized gains (losses) on marketable securities
|
6
|
|
|
(984
|
)
|
||
|
Foreign currency translation adjustments, net of tax of $7,027 and $10,228, respectively
|
(156,010
|
)
|
|
147,770
|
|
||
|
Defined benefit plans, net of tax of $(304,450) and $(182,427), respectively
|
(502,742
|
)
|
|
(313,520
|
)
|
||
|
Accumulated other comprehensive loss
|
$
|
(678,148
|
)
|
|
$
|
(134,380
|
)
|
|
|
August 31,
|
||||||
|
|
2012
|
|
2011
|
||||
|
Buildings and land
|
$
|
3,296
|
|
|
$
|
3,807
|
|
|
Computers, related equipment and software
|
1,356,950
|
|
|
1,440,514
|
|
||
|
Furniture and fixtures
|
313,370
|
|
|
322,888
|
|
||
|
Leasehold improvements
|
654,134
|
|
|
657,987
|
|
||
|
Property and equipment, gross
|
2,327,750
|
|
|
2,425,196
|
|
||
|
Total accumulated depreciation
|
(1,548,256
|
)
|
|
(1,639,965
|
)
|
||
|
Property and equipment, net
|
$
|
779,494
|
|
|
$
|
785,231
|
|
|
|
August 31,
2010 |
|
Additions/
Adjustments |
|
Foreign
Currency Translation Adjustments |
|
August 31,
2011 |
|
Additions/
Adjustments |
|
Foreign
Currency Translation Adjustments |
|
August 31,
2012 |
||||||||||||||
|
Communications, Media &
Technology (1) |
$
|
151,514
|
|
|
$
|
11,638
|
|
|
$
|
10,715
|
|
|
$
|
173,867
|
|
|
$
|
2,298
|
|
|
$
|
(7,752
|
)
|
|
$
|
168,413
|
|
|
Financial Services
|
141,232
|
|
|
159,757
|
|
|
3,731
|
|
|
304,720
|
|
|
112,733
|
|
|
(9,497
|
)
|
|
407,956
|
|
|||||||
|
Health & Public Service
|
280,546
|
|
|
3,219
|
|
|
2,393
|
|
|
286,158
|
|
|
1,322
|
|
|
(2,147
|
)
|
|
285,333
|
|
|||||||
|
Products
|
193,356
|
|
|
71,185
|
|
|
14,388
|
|
|
278,929
|
|
|
5,241
|
|
|
(13,992
|
)
|
|
270,178
|
|
|||||||
|
Resources
|
74,586
|
|
|
9,195
|
|
|
4,536
|
|
|
88,317
|
|
|
3,147
|
|
|
(7,961
|
)
|
|
83,503
|
|
|||||||
|
Total
|
$
|
841,234
|
|
|
$
|
254,994
|
|
|
$
|
35,763
|
|
|
$
|
1,131,991
|
|
|
$
|
124,741
|
|
|
$
|
(41,349
|
)
|
|
$
|
1,215,383
|
|
|
(1)
|
On September 1, 2011, the Company renamed the Communications & High Tech operating group to Communications, Media & Technology. No amounts have been reclassified in any period in connection with this name change.
|
|
|
Fiscal
|
||||||
|
|
2012
|
|
2011
|
||||
|
Net unrealized gains on cash flow hedges, net of tax, beginning of period
|
$
|
32,354
|
|
|
$
|
4,340
|
|
|
Change in fair value, net of tax of $(54,868) and $27,837, respectively
|
(91,664
|
)
|
|
44,229
|
|
||
|
Reclassification adjustments into Cost of services, net of tax of $19,716 and $(8,276),
respectively |
35,352
|
|
|
(13,478
|
)
|
||
|
Portion attributable to Noncontrolling interests, net of tax of $2,843 and $(1,741),
respectively |
4,556
|
|
|
(2,737
|
)
|
||
|
Net unrealized (losses) gains on cash flow hedges, net of tax, end of period
|
$
|
(19,402
|
)
|
|
$
|
32,354
|
|
|
|
August 31,
|
||||||
|
|
2012
|
|
2011
|
||||
|
Assets
|
|
|
|
||||
|
Cash Flow Hedges
|
|
|
|
||||
|
Other current assets
|
$
|
15,392
|
|
|
$
|
21,714
|
|
|
Other non-current assets
|
36,106
|
|
|
43,666
|
|
||
|
Other Derivatives
|
|
|
|
||||
|
Other current assets
|
9,988
|
|
|
13,863
|
|
||
|
Total assets
|
$
|
61,486
|
|
|
$
|
79,243
|
|
|
Liabilities
|
|
|
|
||||
|
Cash Flow Hedges
|
|
|
|
||||
|
Other accrued liabilities
|
$
|
59,458
|
|
|
$
|
4,649
|
|
|
Other non-current liabilities
|
23,471
|
|
|
698
|
|
||
|
Other Derivatives
|
|
|
|
||||
|
Other accrued liabilities
|
11,147
|
|
|
15,223
|
|
||
|
Total liabilities
|
$
|
94,076
|
|
|
$
|
20,570
|
|
|
Total fair value
|
$
|
(32,590
|
)
|
|
$
|
58,673
|
|
|
Total notional value
|
$
|
4,853,191
|
|
|
$
|
4,127,456
|
|
|
|
Facility
Amount |
|
Borrowings
Under Facilities |
||||
|
Syndicated loan facility (1)
|
$
|
1,000,000
|
|
|
$
|
—
|
|
|
Separate, uncommitted, unsecured multicurrency revolving credit facilities (2)
|
518,495
|
|
|
—
|
|
||
|
Local guaranteed and non-guaranteed lines of credit (3)
|
124,953
|
|
|
—
|
|
||
|
Total
|
$
|
1,643,448
|
|
|
$
|
—
|
|
|
(1)
|
On October 31, 2011, the Company replaced its
$1,200,000
syndicated loan facility maturing on
July 31, 2012
with a
$1,000,000
syndicated loan facility maturing on
October 31, 2016
. This facility provides unsecured, revolving borrowing capacity for general working capital purposes, including the issuance of letters of credit. Financing is provided under this facility at the prime rate or at the London Interbank Offered Rate plus a spread. This facility requires the Company to: (1) limit liens placed on its assets to (a) liens incurred in the ordinary course of business (subject to certain qualifications) and (b) other liens securing obligations not to exceed
30%
of its consolidated assets; and (2) maintain a debt-to-cash-flow ratio not exceeding
1.75
to
1.00
. The Company continues to be in compliance with relevant covenant terms. The facility is subject to annual commitment fees. As of
August 31, 2012
, the Company had no borrowings under the facility. As of
August 31, 2011
, the Company had
no
borrowings under the prior facility.
|
|
(2)
|
The Company maintains separate, uncommitted and unsecured multicurrency revolving credit facilities. These facilities provide local currency financing for the majority of the Company’s operations. Interest rate terms on the revolving facilities are at market rates prevailing in the relevant local markets. As of
August 31, 2012 and 2011
, the Company had
no
borrowings under these facilities.
|
|
(3)
|
The Company also maintains local guaranteed and non-guaranteed lines of credit for those locations that cannot access the Company’s global facilities. As of
August 31, 2012 and 2011
, the Company had
no
borrowings under these various facilities.
|
|
|
Fiscal
|
||||||||||
|
|
2012
|
|
2011
|
|
2010
|
||||||
|
Current taxes:
|
|
|
|
|
|
||||||
|
U.S. federal(1)
|
$
|
118,498
|
|
|
$
|
334,400
|
|
|
$
|
302,500
|
|
|
U.S. state and local(1)
|
16,754
|
|
|
46,878
|
|
|
42,562
|
|
|||
|
Non-U.S.
|
887,008
|
|
|
747,762
|
|
|
437,150
|
|
|||
|
Total current tax expense
|
1,022,260
|
|
|
1,129,040
|
|
|
782,212
|
|
|||
|
Deferred taxes:
|
|
|
|
|
|
||||||
|
U.S. federal(1)
|
161,093
|
|
|
(8,229
|
)
|
|
(56,848
|
)
|
|||
|
U.S. state and local(1)
|
27,362
|
|
|
(1,140
|
)
|
|
(8,123
|
)
|
|||
|
Non-U.S.
|
(131,474
|
)
|
|
(160,889
|
)
|
|
136,669
|
|
|||
|
Total deferred tax expense (benefit)
|
56,981
|
|
|
(170,258
|
)
|
|
71,698
|
|
|||
|
Total
|
$
|
1,079,241
|
|
|
$
|
958,782
|
|
|
$
|
853,910
|
|
|
(1)
|
The fiscal 2012 U.S. federal and U.S. state and local current and deferred tax expense reflects the payment of a discretionary contribution of
$500,000
to the Company’s U.S. defined benefit pension plans that is expected to be funded during the first half of fiscal 2013.
|
|
|
Fiscal
|
||||||||||
|
|
2012
|
|
2011
|
|
2010
|
||||||
|
U.S. sources
|
$
|
748,177
|
|
|
$
|
719,315
|
|
|
$
|
526,721
|
|
|
Non-U.S. sources
|
3,155,997
|
|
|
2,792,707
|
|
|
2,387,648
|
|
|||
|
Total
|
$
|
3,904,174
|
|
|
$
|
3,512,022
|
|
|
$
|
2,914,369
|
|
|
|
Fiscal
|
|||||||
|
|
2012
|
|
2011
|
|
2010
|
|||
|
U.S. federal statutory income tax rate
|
35.0
|
%
|
|
35.0
|
%
|
|
35.0
|
%
|
|
U.S. state and local taxes, net
|
1.0
|
|
|
0.9
|
|
|
0.9
|
|
|
Non-U.S. operations taxed at lower rates
|
(13.7
|
)
|
|
(14.6
|
)
|
|
(10.1
|
)
|
|
Final determinations(1)
|
(8.6
|
)
|
|
(0.6
|
)
|
|
(1.1
|
)
|
|
Other net activity in unrecognized tax benefits
|
9.4
|
|
|
4.8
|
|
|
2.5
|
|
|
Other, net
|
4.5
|
|
|
1.8
|
|
|
2.1
|
|
|
Effective income tax rate
|
27.6
|
%
|
|
27.3
|
%
|
|
29.3
|
%
|
|
(1)
|
Final determinations include final agreements with tax authorities and expirations of statutes of limitations.
|
|
|
August 31,
|
||||||
|
|
2012
|
|
2011
|
||||
|
Deferred tax assets:
|
|
|
|
||||
|
Pensions
|
$
|
165,216
|
|
|
$
|
229,963
|
|
|
Revenue recognition
|
89,420
|
|
|
96,930
|
|
||
|
Compensation and benefits
|
440,768
|
|
|
379,597
|
|
||
|
Share-based compensation
|
239,326
|
|
|
232,508
|
|
||
|
Tax credit carryforwards
|
137,904
|
|
|
165,451
|
|
||
|
Net operating loss carryforwards
|
176,649
|
|
|
181,892
|
|
||
|
Depreciation and amortization
|
55,182
|
|
|
47,671
|
|
||
|
Deferred amortization deductions
|
244,103
|
|
|
121,529
|
|
||
|
Indirect effects of unrecognized tax benefits
|
316,776
|
|
|
254,101
|
|
||
|
Other
|
105,790
|
|
|
54,106
|
|
||
|
|
1,971,134
|
|
|
1,763,748
|
|
||
|
Valuation allowance
|
(221,015
|
)
|
|
(246,667
|
)
|
||
|
Total deferred tax assets
|
1,750,119
|
|
|
1,517,081
|
|
||
|
Deferred tax liabilities:
|
|
|
|
||||
|
Revenue recognition
|
(56,429
|
)
|
|
(29,689
|
)
|
||
|
Depreciation and amortization
|
(96,833
|
)
|
|
(75,230
|
)
|
||
|
Investments in subsidiaries
|
(174,943
|
)
|
|
(161,474
|
)
|
||
|
Other
|
(54,877
|
)
|
|
(43,353
|
)
|
||
|
Total deferred tax liabilities
|
(383,082
|
)
|
|
(309,746
|
)
|
||
|
Net deferred tax assets
|
$
|
1,367,037
|
|
|
$
|
1,207,335
|
|
|
|
Fiscal
|
||||||
|
|
2012
|
|
2011
|
||||
|
Balance, at beginning of period
|
$
|
1,645,831
|
|
|
$
|
1,254,468
|
|
|
Additions for tax positions related to the current year
|
271,305
|
|
|
316,550
|
|
||
|
Additions for tax positions related to prior years
|
328,210
|
|
|
132,407
|
|
||
|
Reductions for tax positions related to prior years
|
(458,767
|
)
|
|
(77,072
|
)
|
||
|
Statute of limitations expirations
|
(26,766
|
)
|
|
(8,056
|
)
|
||
|
Settlements with tax authorities
|
(112,520
|
)
|
|
(7,000
|
)
|
||
|
Cumulative translation adjustments
|
(42,548
|
)
|
|
34,534
|
|
||
|
Balance, at end of period
|
$
|
1,604,745
|
|
|
$
|
1,645,831
|
|
|
|
August 31,
|
||||||||||
|
|
2012
|
|
2011
|
||||||||
|
|
U.S. Plans
|
|
Non-U.S.
Plans |
|
U.S. Plans
|
|
Non-U.S.
Plans |
||||
|
Discount rate
|
4.00
|
%
|
|
4.23
|
%
|
|
5.25
|
%
|
|
4.99
|
%
|
|
Rate of increase in future compensation
|
4.00
|
%
|
|
3.81
|
%
|
|
4.00
|
%
|
|
4.03
|
%
|
|
|
August 31,
|
||||||||||||||
|
|
2012
|
|
2011
|
||||||||||||
|
|
U.S. Plans
|
|
Non-U.S. Plans
|
|
U.S. Plans
|
|
Non-U.S. Plans
|
||||||||
|
Reconciliation of benefit obligation
|
|
|
|
|
|
|
|
||||||||
|
Benefit obligation, beginning of year
|
$
|
1,433,884
|
|
|
$
|
1,046,251
|
|
|
$
|
1,376,546
|
|
|
$
|
904,322
|
|
|
Service cost
|
11,437
|
|
|
53,086
|
|
|
12,602
|
|
|
50,817
|
|
||||
|
Interest cost
|
74,403
|
|
|
47,800
|
|
|
71,433
|
|
|
43,976
|
|
||||
|
Participant contributions
|
—
|
|
|
7,058
|
|
|
—
|
|
|
7,143
|
|
||||
|
Acquisitions/divestitures/transfers
|
—
|
|
|
7,211
|
|
|
—
|
|
|
2,616
|
|
||||
|
Curtailments
|
—
|
|
|
—
|
|
|
—
|
|
|
(201
|
)
|
||||
|
Settlements
|
—
|
|
|
—
|
|
|
—
|
|
|
(11,793
|
)
|
||||
|
Actuarial loss (gain)
|
395,636
|
|
|
94,896
|
|
|
4,642
|
|
|
(20,545
|
)
|
||||
|
Benefits paid
|
(33,816
|
)
|
|
(30,710
|
)
|
|
(31,339
|
)
|
|
(23,563
|
)
|
||||
|
Exchange rate impact
|
—
|
|
|
(79,628
|
)
|
|
—
|
|
|
93,480
|
|
||||
|
Benefit obligation, end of year
|
$
|
1,881,544
|
|
|
$
|
1,145,964
|
|
|
$
|
1,433,884
|
|
|
$
|
1,046,251
|
|
|
Reconciliation of fair value of plan assets
|
|
|
|
|
|
|
|
||||||||
|
Fair value of plan assets, beginning of year
|
$
|
1,006,507
|
|
|
$
|
779,754
|
|
|
$
|
930,126
|
|
|
$
|
678,773
|
|
|
Actual return on plan assets
|
202,018
|
|
|
67,724
|
|
|
96,677
|
|
|
19,986
|
|
||||
|
Acquisitions/divestitures/transfers
|
—
|
|
|
6,935
|
|
|
—
|
|
|
2,622
|
|
||||
|
Employer contributions
|
11,252
|
|
|
55,052
|
|
|
11,043
|
|
|
38,286
|
|
||||
|
Participant contributions
|
—
|
|
|
7,058
|
|
|
—
|
|
|
7,143
|
|
||||
|
Settlements
|
—
|
|
|
—
|
|
|
—
|
|
|
(11,278
|
)
|
||||
|
Benefits paid
|
(33,816
|
)
|
|
(30,710
|
)
|
|
(31,339
|
)
|
|
(23,563
|
)
|
||||
|
Exchange rate impact
|
—
|
|
|
(39,319
|
)
|
|
—
|
|
|
67,785
|
|
||||
|
Fair value of plan assets, end of year
|
$
|
1,185,961
|
|
|
$
|
846,494
|
|
|
$
|
1,006,507
|
|
|
$
|
779,754
|
|
|
Funded status, end of year
|
$
|
(695,583
|
)
|
|
$
|
(299,470
|
)
|
|
$
|
(427,377
|
)
|
|
$
|
(266,497
|
)
|
|
Amounts recognized in the Consolidated Balance Sheets:
|
|
|
|
|
|
|
|
||||||||
|
Non-current assets
|
$
|
—
|
|
|
$
|
30,365
|
|
|
$
|
—
|
|
|
$
|
17,750
|
|
|
Current liabilities
|
(11,709
|
)
|
|
(8,953
|
)
|
|
(11,445
|
)
|
|
(6,500
|
)
|
||||
|
Non-current liabilities
|
(683,874
|
)
|
|
(320,881
|
)
|
|
(415,932
|
)
|
|
(277,747
|
)
|
||||
|
Accumulated other comprehensive loss, pre-tax
|
607,014
|
|
|
188,327
|
|
|
360,133
|
|
|
142,415
|
|
||||
|
Net amount recognized at end of year
|
$
|
(88,569
|
)
|
|
$
|
(111,142
|
)
|
|
$
|
(67,244
|
)
|
|
$
|
(124,082
|
)
|
|
|
U.S. Plans
|
|
Non-U.S.
Plans |
||||
|
Net actuarial loss
|
$
|
607,011
|
|
|
$
|
203,608
|
|
|
Prior service cost (credit)
|
3
|
|
|
(15,281
|
)
|
||
|
Total
|
$
|
607,014
|
|
|
$
|
188,327
|
|
|
|
U.S. Plans
|
|
Non-U.S.
Plans |
||||
|
Actuarial loss
|
$
|
42,694
|
|
|
$
|
11,384
|
|
|
Prior service cost (credit)
|
3
|
|
|
(2,669
|
)
|
||
|
Total
|
$
|
42,697
|
|
|
$
|
8,715
|
|
|
|
August 31,
|
||||||||||||||
|
|
2012
|
|
2011
|
||||||||||||
|
|
U.S. Plans
|
|
Non-U.S.
Plans |
|
U.S. Plans
|
|
Non-U.S.
Plans |
||||||||
|
Accumulated benefit obligation
|
$
|
1,867,820
|
|
|
$
|
1,046,280
|
|
|
$
|
1,421,917
|
|
|
$
|
944,287
|
|
|
|
August 31,
|
||||||||||||||
|
|
2012
|
|
2011
|
||||||||||||
|
|
U.S. Plans
|
|
Non-U.S.
Plans |
|
U.S. Plans
|
|
Non-U.S.
Plans |
||||||||
|
Projected benefit obligation in excess of plan assets:
|
|
|
|
|
|
|
|
||||||||
|
Projected benefit obligation
|
$
|
1,881,544
|
|
|
$
|
672,195
|
|
|
$
|
1,433,884
|
|
|
$
|
879,298
|
|
|
Fair value of plan assets
|
1,185,961
|
|
|
342,361
|
|
|
1,006,507
|
|
|
595,051
|
|
||||
|
|
August 31,
|
||||||||||||||
|
|
2012
|
|
2011
|
||||||||||||
|
|
U.S. Plans
|
|
Non-U.S.
Plans |
|
U.S. Plans
|
|
Non-U.S.
Plans |
||||||||
|
Accumulated benefit obligation in excess of plan assets:
|
|
|
|
|
|
|
|
||||||||
|
Accumulated benefit obligation
|
$
|
1,867,820
|
|
|
$
|
436,499
|
|
|
$
|
1,421,917
|
|
|
$
|
656,196
|
|
|
Fair value of plan assets
|
1,185,961
|
|
|
178,600
|
|
|
1,006,507
|
|
|
443,412
|
|
||||
|
|
2013 Target
Allocation |
|
2012
|
|
2011
|
|||||||||||
|
|
U.S.
Plans |
|
Non-U.S.
Plans |
|
U.S.
Plans |
|
Non-U.S.
Plans |
|
U.S.
Plans |
|
Non-U.S.
Plans |
|||||
|
Asset Category
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Equity securities
|
25
|
%
|
|
35-40%
|
|
55
|
%
|
|
40
|
%
|
|
59
|
%
|
|
34
|
%
|
|
Debt securities
|
75
|
|
|
45-50
|
|
44
|
|
|
44
|
|
|
40
|
|
|
47
|
|
|
Cash and short-term investments
|
—
|
|
|
0-5
|
|
1
|
|
|
2
|
|
|
1
|
|
|
5
|
|
|
Insurance contracts
|
—
|
|
|
10-15
|
|
—
|
|
|
11
|
|
|
—
|
|
|
11
|
|
|
Other
|
—
|
|
|
0-5
|
|
—
|
|
|
3
|
|
|
—
|
|
|
3
|
|
|
Total
|
100
|
%
|
|
100%
|
|
100
|
%
|
|
100
|
%
|
|
100
|
%
|
|
100
|
%
|
|
•
|
Level 1—Quoted prices for identical instruments in active markets;
|
|
•
|
Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets; and
|
|
•
|
Level 3—Valuations derived from valuation techniques in which one or more significant inputs are unobservable.
|
|
U.S. Plans
|
|
|
|
|
|
|
|
||||||||
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
||||||||
|
Equity
|
|
|
|
|
|
|
|
||||||||
|
U.S. equity securities
|
$
|
—
|
|
|
$
|
418,421
|
|
|
$
|
—
|
|
|
$
|
418,421
|
|
|
Non-U.S. equity securities
|
—
|
|
|
228,799
|
|
|
—
|
|
|
228,799
|
|
||||
|
Fixed Income
|
|
|
|
|
|
|
|
||||||||
|
U.S. government, state and local debt securities
|
—
|
|
|
292,965
|
|
|
—
|
|
|
292,965
|
|
||||
|
Non-U.S. government debt securities
|
—
|
|
|
5,870
|
|
|
—
|
|
|
5,870
|
|
||||
|
U.S. corporate debt securities
|
—
|
|
|
85,664
|
|
|
—
|
|
|
85,664
|
|
||||
|
Non-U.S. corporate debt securities
|
—
|
|
|
12,056
|
|
|
—
|
|
|
12,056
|
|
||||
|
Mutual fund debt securities
|
132,188
|
|
|
—
|
|
|
—
|
|
|
132,188
|
|
||||
|
Cash and short-term investments
|
—
|
|
|
10,807
|
|
|
—
|
|
|
10,807
|
|
||||
|
Other
|
—
|
|
|
(809
|
)
|
|
—
|
|
|
(809
|
)
|
||||
|
Total
|
$
|
132,188
|
|
|
$
|
1,053,773
|
|
|
$
|
—
|
|
|
$
|
1,185,961
|
|
|
Non-U.S. Plans
|
|
|
|
|
|
|
|
||||||||
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
||||||||
|
Equity
|
|
|
|
|
|
|
|
||||||||
|
U.S. equity securities
|
$
|
10,306
|
|
|
42,381
|
|
|
$
|
—
|
|
|
$
|
52,687
|
|
|
|
Non-U.S. equity securities
|
131,594
|
|
|
111,320
|
|
|
—
|
|
|
242,914
|
|
||||
|
Mutual fund equity securities
|
—
|
|
|
46,283
|
|
|
—
|
|
|
46,283
|
|
||||
|
Fixed Income
|
|
|
|
|
|
|
|
|
|||||||
|
Non-U.S. government debt securities
|
—
|
|
|
244,446
|
|
|
—
|
|
|
244,446
|
|
||||
|
Non-U.S. corporate debt securities
|
—
|
|
|
70,826
|
|
|
—
|
|
|
70,826
|
|
||||
|
Mutual fund debt securities
|
—
|
|
|
53,822
|
|
|
—
|
|
|
53,822
|
|
||||
|
Cash and short-term investments
|
9,688
|
|
|
9,502
|
|
|
—
|
|
|
19,190
|
|
||||
|
Insurance contracts
|
—
|
|
|
88,680
|
|
|
—
|
|
|
88,680
|
|
||||
|
Other
|
—
|
|
|
27,646
|
|
|
—
|
|
|
27,646
|
|
||||
|
Total
|
$
|
151,588
|
|
|
$
|
694,906
|
|
|
$
|
—
|
|
|
$
|
846,494
|
|
|
|
U.S. Plans
|
|
Non-U.S.
Plans |
||||
|
2013
|
$
|
34,744
|
|
|
$
|
35,907
|
|
|
2014
|
36,959
|
|
|
36,890
|
|
||
|
2015
|
39,365
|
|
|
41,141
|
|
||
|
2016
|
42,106
|
|
|
46,182
|
|
||
|
2017
|
45,228
|
|
|
51,634
|
|
||
|
2018-2022
|
285,031
|
|
|
277,433
|
|
||
|
|
Fiscal
|
||||||||||
|
|
2012
|
|
2011
|
|
2010
|
||||||
|
Total share-based compensation expense included in Net income
|
$
|
538,086
|
|
|
$
|
450,137
|
|
|
$
|
425,822
|
|
|
Income tax benefit related to share-based compensation included in Net income
|
167,109
|
|
|
138,984
|
|
|
133,796
|
|
|||
|
|
Number of Restricted
Share Units |
|
Weighted Average
Grant-Date Fair Value |
|||
|
Nonvested balance as of August 31, 2011
|
35,724,040
|
|
|
$
|
39.37
|
|
|
Granted (1)
|
12,621,036
|
|
|
53.98
|
|
|
|
Vested (2)
|
(12,077,818
|
)
|
|
40.41
|
|
|
|
Forfeited
|
(1,812,943
|
)
|
|
40.80
|
|
|
|
Nonvested balance as of August 31, 2012
|
34,454,315
|
|
|
$
|
44.27
|
|
|
(1)
|
The weighted average grant-date fair value for restricted share units granted for fiscal
2012, 2011 and 2010
was
$53.98
,
$47.87
and
$40.32
, respectively.
|
|
(2)
|
The total grant-date fair value of restricted share units vested for fiscal
2012, 2011 and 2010
was
$488,085
,
$592,482
and
$361,291
, respectively.
|
|
|
Number
of Options |
|
Weighted
Average Exercise Price |
|
Weighted Average
Remaining Contractual Term (In Years) |
|
Aggregate
Intrinsic Value |
|||||
|
Options outstanding as of August 31, 2011
|
8,095,463
|
|
|
$
|
23.96
|
|
|
3.1
|
|
$
|
242,116
|
|
|
Granted
|
—
|
|
|
—
|
|
|
|
|
|
|||
|
Exercised
|
(2,218,602
|
)
|
|
22.56
|
|
|
|
|
|
|||
|
Forfeited
|
(40,199
|
)
|
|
24.42
|
|
|
|
|
|
|||
|
Options outstanding as of August 31, 2012
|
5,836,662
|
|
|
$
|
24.49
|
|
|
2.3
|
|
$
|
216,291
|
|
|
Options exercisable as of August 31, 2012
|
5,715,100
|
|
|
$
|
24.32
|
|
|
2.2
|
|
$
|
212,750
|
|
|
Options exercisable as of August 31, 2011
|
7,902,845
|
|
|
23.79
|
|
|
3.0
|
|
237,690
|
|
||
|
Options exercisable as of August 31, 2010
|
20,386,549
|
|
|
19.42
|
|
|
2.5
|
|
351,374
|
|
||
|
|
Fiscal
|
||||||||||
|
|
2012
|
|
2011
|
|
2010
|
||||||
|
Weighted average grant-date fair value of stock options granted
|
$
|
—
|
|
|
$
|
13.73
|
|
|
$
|
11.65
|
|
|
Total fair value of stock options vested
|
726
|
|
|
3,757
|
|
|
3,928
|
|
|||
|
Total intrinsic value of stock options exercised
|
83,470
|
|
|
450,956
|
|
|
177,721
|
|
|||
|
|
Accenture plc Class A
Ordinary Shares |
|
Accenture SCA Class I
Common Shares and Accenture Canada Holdings Inc. Exchangeable Shares |
||||||||||
|
|
Shares
|
|
Amount
|
|
Shares
|
|
Amount
|
||||||
|
|
(in thousands of U.S. dollars, except share amounts)
|
||||||||||||
|
Open-market share purchases (1)
|
30,119,187
|
|
|
$
|
1,724,345
|
|
|
—
|
|
|
$
|
—
|
|
|
Other share purchase programs
|
—
|
|
|
—
|
|
|
2,303,720
|
|
|
138,445
|
|
||
|
Other purchases (2)
|
4,196,449
|
|
|
236,051
|
|
|
—
|
|
|
—
|
|
||
|
Total
|
34,315,636
|
|
|
$
|
1,960,396
|
|
|
2,303,720
|
|
|
$
|
138,445
|
|
|
(1)
|
The Company conducts a publicly announced, open-market share purchase program for Accenture plc Class A ordinary shares. These shares are held as treasury shares by Accenture plc and may be utilized to provide for select employee benefits, such as equity awards to the Company’s employees.
|
|
(2)
|
During fiscal
2012
, as authorized under the Company’s various employee equity share plans, the Company acquired Accenture plc Class A ordinary shares primarily via share withholding for payroll tax obligations due from employees and former employees in connection with the delivery of Accenture plc Class A ordinary shares under those plans. These purchases of shares in connection with employee share plans do not affect the Company’s aggregate available authorization for the Company’s publicly announced open-market share purchase and the other share purchase programs.
|
|
|
Dividend Per
Share |
|
Accenture plc Class A
Ordinary Shares |
|
Accenture SCA Class I Common
Shares and Accenture Canada Holdings Inc. Exchangeable Shares |
|
Total Cash
Outlay |
||||||||||||
|
Dividend Payment Date
|
Record Date
|
|
Cash Outlay
|
|
Record Date
|
|
Cash Outlay
|
|
|||||||||||
|
November 15, 2011
|
$
|
0.675
|
|
|
October 14, 2011
|
|
$
|
432,615
|
|
|
October 11, 2011
|
|
$
|
42,281
|
|
|
$
|
474,896
|
|
|
May 15, 2012
|
0.675
|
|
|
April 13, 2012
|
|
435,736
|
|
|
April 10, 2012
|
|
40,225
|
|
|
475,961
|
|
||||
|
Total Dividends
|
|
|
|
|
$
|
868,351
|
|
|
|
|
$
|
82,506
|
|
|
$
|
950,857
|
|
||
|
|
Fiscal
|
||||||||||
|
|
2012
|
|
2011
|
|
2010
|
||||||
|
Rental expense
|
$
|
541,182
|
|
|
$
|
493,734
|
|
|
$
|
467,838
|
|
|
Sublease income from third parties
|
(33,171
|
)
|
|
(32,503
|
)
|
|
(30,741
|
)
|
|||
|
|
Operating
Lease Payments |
|
Operating
Sublease Income |
||||
|
2013
|
$
|
443,086
|
|
|
$
|
(30,992
|
)
|
|
2014
|
354,371
|
|
|
(30,958
|
)
|
||
|
2015
|
284,459
|
|
|
(27,055
|
)
|
||
|
2016
|
217,222
|
|
|
(22,101
|
)
|
||
|
2017
|
169,951
|
|
|
(12,604
|
)
|
||
|
Thereafter
|
648,989
|
|
|
(18,255
|
)
|
||
|
|
$
|
2,118,078
|
|
|
$
|
(141,965
|
)
|
|
Fiscal:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
|
2012
|
Communications, Media &
Technology (1) |
|
Financial
Services |
|
Health &
Public Service |
|
Products
|
|
Resources
|
|
Other
|
|
Total
|
||||||||||||||
|
Revenues before reimbursements
|
$
|
5,906,724
|
|
|
$
|
5,842,776
|
|
|
$
|
4,255,631
|
|
|
$
|
6,562,974
|
|
|
$
|
5,275,001
|
|
|
$
|
19,224
|
|
|
$
|
27,862,330
|
|
|
Depreciation (2)
|
64,202
|
|
|
63,251
|
|
|
61,994
|
|
|
72,532
|
|
|
56,013
|
|
|
—
|
|
|
317,992
|
|
|||||||
|
Operating income
|
845,411
|
|
|
809,633
|
|
|
376,125
|
|
|
863,860
|
|
|
976,519
|
|
|
—
|
|
|
3,871,548
|
|
|||||||
|
Assets as of August 31 (3)
|
582,652
|
|
|
215,741
|
|
|
477,536
|
|
|
533,522
|
|
|
484,095
|
|
|
(91,557
|
)
|
|
2,201,989
|
|
|||||||
|
2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
|
Revenues before reimbursements
|
$
|
5,434,024
|
|
|
$
|
5,380,674
|
|
|
$
|
3,861,146
|
|
|
$
|
5,931,333
|
|
|
$
|
4,882,248
|
|
|
$
|
17,611
|
|
|
$
|
25,507,036
|
|
|
Depreciation (2)
|
63,524
|
|
|
56,256
|
|
|
56,207
|
|
|
68,136
|
|
|
53,426
|
|
|
—
|
|
|
297,549
|
|
|||||||
|
Operating income
|
727,761
|
|
|
898,287
|
|
|
318,430
|
|
|
679,716
|
|
|
846,263
|
|
|
—
|
|
|
3,470,457
|
|
|||||||
|
Assets as of August 31 (3)
|
556,190
|
|
|
189,611
|
|
|
576,505
|
|
|
579,616
|
|
|
642,250
|
|
|
(86,104
|
)
|
|
2,458,068
|
|
|||||||
|
2010
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
|
Revenues before reimbursements
|
$
|
4,612,290
|
|
|
$
|
4,446,038
|
|
|
$
|
3,580,802
|
|
|
$
|
4,985,347
|
|
|
$
|
3,911,041
|
|
|
$
|
15,050
|
|
|
$
|
21,550,568
|
|
|
Depreciation (2)
|
60,727
|
|
|
52,972
|
|
|
43,566
|
|
|
65,680
|
|
|
46,127
|
|
|
—
|
|
|
269,072
|
|
|||||||
|
Operating income
|
614,777
|
|
|
772,499
|
|
|
286,510
|
|
|
592,152
|
|
|
648,907
|
|
|
—
|
|
|
2,914,845
|
|
|||||||
|
Assets as of August 31 (3)
|
566,630
|
|
|
97,731
|
|
|
420,172
|
|
|
449,891
|
|
|
455,070
|
|
|
(23,914
|
)
|
|
1,965,580
|
|
|||||||
|
(1)
|
On September 1, 2011, the Company renamed the Communications & High Tech operating group to Communications, Media & Technology. No amounts have been reclassified in any period in connection with this name change.
|
|
(2)
|
Amounts include depreciation on property and equipment controlled by each operating segment, as well as an allocation for depreciation on property and equipment they do not directly control.
|
|
(3)
|
The Company does not allocate total assets by operating segment. Operating segment assets directly attributed to an operating segment and provided to the chief operating decision maker include Receivables from clients, current and non-current Unbilled services, Deferred contract costs and current and non-current Deferred revenues.
|
|
Fiscal:
|
Americas
|
|
EMEA(1)
|
|
Asia Pacific
|
|
Total
|
||||||||
|
2012
|
|
|
|
|
|
|
|
||||||||
|
Net revenues
|
$
|
12,522,673
|
|
|
$
|
11,296,207
|
|
|
$
|
4,043,450
|
|
|
$
|
27,862,330
|
|
|
Reimbursements
|
897,483
|
|
|
697,622
|
|
|
320,550
|
|
|
1,915,655
|
|
||||
|
Revenues
|
13,420,156
|
|
|
11,993,829
|
|
|
4,364,000
|
|
|
29,777,985
|
|
||||
|
Property and equipment, net as of August 31
|
256,697
|
|
|
206,356
|
|
|
316,441
|
|
|
779,494
|
|
||||
|
2011
|
|
|
|
|
|
|
|
||||||||
|
Net revenues
|
$
|
11,270,668
|
|
|
$
|
10,853,684
|
|
|
$
|
3,382,684
|
|
|
$
|
25,507,036
|
|
|
Reimbursements
|
851,081
|
|
|
699,631
|
|
|
295,166
|
|
|
1,845,878
|
|
||||
|
Revenues
|
12,121,749
|
|
|
11,553,315
|
|
|
3,677,850
|
|
|
27,352,914
|
|
||||
|
Property and equipment, net as of August 31
|
235,900
|
|
|
230,805
|
|
|
318,526
|
|
|
785,231
|
|
||||
|
2010
|
|
|
|
|
|
|
|
||||||||
|
Net revenues
|
$
|
9,465,357
|
|
|
$
|
9,583,268
|
|
|
$
|
2,501,943
|
|
|
$
|
21,550,568
|
|
|
Reimbursements
|
808,951
|
|
|
534,566
|
|
|
199,993
|
|
|
1,543,510
|
|
||||
|
Revenues
|
10,274,308
|
|
|
10,117,834
|
|
|
2,701,936
|
|
|
23,094,078
|
|
||||
|
Property and equipment, net as of August 31
|
240,228
|
|
|
204,948
|
|
|
214,393
|
|
|
659,569
|
|
||||
|
(1)
|
EMEA includes Europe, Middle East and Africa.
|
|
|
Fiscal
|
|||||||
|
|
2012
|
|
2011
|
|
2010
|
|||
|
United States
|
36
|
%
|
|
35
|
%
|
|
36
|
%
|
|
United Kingdom
|
9
|
|
|
10
|
|
|
10
|
|
|
|
August 31,
|
|||||||
|
|
2012
|
|
2011
|
|
2010
|
|||
|
United States
|
26
|
%
|
|
23
|
%
|
|
30
|
%
|
|
India
|
21
|
|
|
23
|
|
|
17
|
|
|
Philippines
|
10
|
|
|
9
|
|
|
7
|
|
|
|
Fiscal
|
||||||||||
|
|
2012
|
|
2011
|
|
2010
|
||||||
|
Consulting
|
$
|
15,562,321
|
|
|
$
|
14,924,187
|
|
|
$
|
12,371,268
|
|
|
Outsourcing
|
12,300,009
|
|
|
10,582,849
|
|
|
9,179,300
|
|
|||
|
Net revenues
|
27,862,330
|
|
|
25,507,036
|
|
|
21,550,568
|
|
|||
|
Reimbursements
|
1,915,655
|
|
|
1,845,878
|
|
|
1,543,510
|
|
|||
|
Revenues
|
$
|
29,777,985
|
|
|
$
|
27,352,914
|
|
|
$
|
23,094,078
|
|
|
Fiscal 2012
|
First
Quarter |
|
Second
Quarter |
|
Third
Quarter |
|
Fourth
Quarter |
|
Annual
|
||||||||||
|
Net revenues
|
$
|
7,074,497
|
|
|
$
|
6,797,250
|
|
|
$
|
7,154,690
|
|
|
$
|
6,835,893
|
|
|
$
|
27,862,330
|
|
|
Reimbursements
|
514,611
|
|
|
462,578
|
|
|
486,100
|
|
|
452,366
|
|
|
1,915,655
|
|
|||||
|
Revenues
|
7,589,108
|
|
|
7,259,828
|
|
|
7,640,790
|
|
|
7,288,259
|
|
|
29,777,985
|
|
|||||
|
Cost of services before reimbursable expenses
|
4,822,957
|
|
|
4,680,884
|
|
|
4,783,785
|
|
|
4,587,003
|
|
|
18,874,629
|
|
|||||
|
Reimbursable expenses
|
514,611
|
|
|
462,578
|
|
|
486,100
|
|
|
452,366
|
|
|
1,915,655
|
|
|||||
|
Cost of services
|
5,337,568
|
|
|
5,143,462
|
|
|
5,269,885
|
|
|
5,039,369
|
|
|
20,790,284
|
|
|||||
|
Operating income
|
981,138
|
|
|
889,299
|
|
|
1,060,761
|
|
|
940,350
|
|
|
3,871,548
|
|
|||||
|
Net income
|
711,757
|
|
|
714,190
|
|
|
762,831
|
|
|
636,155
|
|
|
2,824,933
|
|
|||||
|
Net income attributable to Accenture plc
|
642,086
|
|
|
643,923
|
|
|
689,219
|
|
|
578,282
|
|
|
2,553,510
|
|
|||||
|
Weighted average Class A ordinary shares:
|
|
|
|
|
|
|
|
|
|
||||||||||
|
—Basic
|
644,285,298
|
|
|
646,452,990
|
|
|
645,761,617
|
|
|
636,064,228
|
|
|
643,132,601
|
|
|||||
|
—Diluted (1)
|
730,446,262
|
|
|
729,442,705
|
|
|
728,876,260
|
|
|
717,827,179
|
|
|
726,416,452
|
|
|||||
|
Earnings per Class A ordinary share:
|
|
|
|
|
|
|
|
|
|
||||||||||
|
—Basic
|
$
|
1.00
|
|
|
$
|
1.00
|
|
|
$
|
1.07
|
|
|
$
|
0.91
|
|
|
$
|
3.97
|
|
|
—Diluted (1)
|
0.96
|
|
|
0.97
|
|
|
1.03
|
|
|
0.88
|
|
|
3.84
|
|
|||||
|
Ordinary share price per share:
|
|
|
|
|
|
|
|
|
|
||||||||||
|
—High
|
$
|
61.90
|
|
|
$
|
60.20
|
|
|
$
|
65.89
|
|
|
$
|
61.98
|
|
|
$
|
65.89
|
|
|
—Low
|
48.55
|
|
|
51.08
|
|
|
56.21
|
|
|
54.94
|
|
|
48.55
|
|
|||||
|
(1)
|
The first and second quarters of fiscal
2012
diluted weighted average Accenture plc Class A ordinary shares and earnings per share amounts have been restated to reflect the impact of the issuance of additional restricted share units to holders of restricted share units in connection with the fiscal 2012 payment of cash dividends. This did not result in a change to previously reported Diluted earnings per share.
|
|
Fiscal 2011
|
First
Quarter |
|
Second
Quarter |
|
Third
Quarter |
|
Fourth
Quarter |
|
Annual
|
||||||||||
|
Net revenues
|
$
|
6,045,650
|
|
|
$
|
6,053,621
|
|
|
$
|
6,720,115
|
|
|
$
|
6,687,650
|
|
|
$
|
25,507,036
|
|
|
Reimbursements
|
432,543
|
|
|
442,672
|
|
|
484,240
|
|
|
486,423
|
|
|
1,845,878
|
|
|||||
|
Revenues
|
6,478,193
|
|
|
6,496,293
|
|
|
7,204,355
|
|
|
7,174,073
|
|
|
27,352,914
|
|
|||||
|
Cost of services before reimbursable expenses
|
4,101,170
|
|
|
4,136,397
|
|
|
4,410,487
|
|
|
4,472,263
|
|
|
17,120,317
|
|
|||||
|
Reimbursable expenses
|
432,543
|
|
|
442,672
|
|
|
484,240
|
|
|
486,423
|
|
|
1,845,878
|
|
|||||
|
Cost of services
|
4,533,713
|
|
|
4,579,069
|
|
|
4,894,727
|
|
|
4,958,686
|
|
|
18,966,195
|
|
|||||
|
Operating income
|
826,935
|
|
|
771,577
|
|
|
949,416
|
|
|
922,529
|
|
|
3,470,457
|
|
|||||
|
Net income
|
605,556
|
|
|
565,750
|
|
|
699,069
|
|
|
682,865
|
|
|
2,553,240
|
|
|||||
|
Net income attributable to Accenture plc
|
534,714
|
|
|
503,017
|
|
|
628,013
|
|
|
611,933
|
|
|
2,277,677
|
|
|||||
|
Weighted average Class A ordinary shares:
|
|
|
|
|
|
|
|
|
|
||||||||||
|
—Basic
|
637,298,491
|
|
|
646,292,241
|
|
|
651,339,239
|
|
|
647,428,247
|
|
|
645,631,170
|
|
|||||
|
—Diluted (1)
|
743,710,606
|
|
|
743,782,055
|
|
|
746,204,855
|
|
|
739,050,449
|
|
|
742,823,519
|
|
|||||
|
Earnings per Class A ordinary share:
|
|
|
|
|
|
|
|
|
|
||||||||||
|
—Basic
|
$
|
0.84
|
|
|
$
|
0.78
|
|
|
$
|
0.96
|
|
|
$
|
0.95
|
|
|
$
|
3.53
|
|
|
—Diluted (1)
|
0.81
|
|
|
0.75
|
|
|
0.93
|
|
|
0.91
|
|
|
3.39
|
|
|||||
|
Ordinary share price per share:
|
|
|
|
|
|
|
|
|
|
||||||||||
|
—High
|
$
|
45.97
|
|
|
$
|
54.55
|
|
|
$
|
58.21
|
|
|
$
|
63.66
|
|
|
$
|
63.66
|
|
|
—Low
|
36.97
|
|
|
43.24
|
|
|
48.72
|
|
|
47.40
|
|
|
36.97
|
|
|||||
|
(1)
|
Fiscal
2011
diluted weighted average Accenture plc Class A ordinary shares and earnings per share amounts have been restated to reflect the impact of the issuance of additional restricted share units to holders of restricted share units in connection with the fiscal 2012 payment of cash dividends. This restatement resulted in a
one cent
decrease in diluted earnings per share from
$3.40
to
$3.39
for
fiscal 2011
.
|
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
| FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
|---|
| DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
|---|
No information found
No Customers Found
No Suppliers Found
Price
Yield
| Owner | Position | Direct Shares | Indirect Shares |
|---|