Adjustments for Non-Cash Items [USD, Thousands]

Stock-Based Compensation [USD, Thousands]

Changes in Working Capital [USD, Thousands]

Capital Expenditures (CapEx) [USD, Thousands]

Proceeds from / Repayments of Debt [USD, Thousands]

Share Repurchases [USD, Thousands]

Dividend Payments [USD, Thousands]

Net Change in Cash [USD, Thousands]

a14dcec0366b82160e550418aff6d1c6d3d3edbb10c25d646911cb3e8743cea3

North America

EMEA

Europe

Growth Markets

Americas

Asia Pacific

Total Revenue

7a5175afec3e95835d59d6a047657a6396ac727967af78ac6e0d9f2fa03f626b

fa361dc8a71975e418f222000c560cbf8c6d558bf8d2ac056b609e21606df673

Communications, Media & Technology

Financial Services

Health & Public Service

Products

Resources

Other

Consulting

Managed Services

Outsourcing

ae1900f22e3e8477a432699108ca0a1addc825996634b6871bf74b7adbd1c040

Total Revenue [USD, Thousands]

Cost of Goods Sold (COGS) [USD, Thousands]

SG&A [USD, Thousands]

R&D [USD, Thousands]

D&A [USD, Thousands]

Interest Expense [USD, Thousands]

Operating Income (EBIT) [USD, Thousands]

Net Income [USD, Thousands]

EPS - Basic [USD, Units]

EPS - Diluted [USD, Units]

7932be1396a5e81b618f0b14065cb3a2f97ba3f80d248d44483842ec0e6e317c

Utilization (percent)

Workforce (employees)

Annualized Voluntary Attrition (percent)

6db294dd890632abd2c93b4b33a2fa5000a1139a107bbee4702e34983e43600b

Net income [USD, thousands]

Depreciation, amortization and other [USD, thousands]

Share-based compensation expense [USD, thousands]

Deferred tax expense (benefit) [USD, thousands]

Other, net [USD, thousands]

Net cash provided by (used in) operating activities [USD, thousands]

Purchases of property and equipment [USD, thousands]

Purchases of businesses and investments, net of cash acquired [USD, thousands]

Proceeds from the sale of businesses and investments, net of cash transferred [USD, thousands]

Other investing, net [USD, thousands]

Net cash provided by (used in) investing activities [USD, thousands]

Proceeds from issuance of shares [USD, thousands]

Purchases of shares [USD, thousands]

Proceeds from (repayments of) long-term debt, net [USD, thousands]

Cash dividends paid [USD, thousands]

Other financing, net [USD, thousands]

Net cash provided by (used in) financing activities [USD, thousands]

Effect of exchange rate changes on cash and cash equivalents [USD, thousands]

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS [USD, thousands]

Income taxes paid, net [USD, thousands]

Interest paid [USD, thousands]

Receivables and contract assets, current and non-current [USD, thousands]

Other current and non-current assets [USD, thousands]

Accounts payable [USD, thousands]

Deferred revenues, current and non-current [USD, thousands]

Accrued payroll and related benefits [USD, thousands]

Income taxes payable, current and non-current [USD, thousands]

Other current and non-current liabilities [USD, thousands]

CASH AND CASH EQUIVALENTS, beginning of period [USD, thousands]

CASH AND CASH EQUIVALENTS, end of period [USD, thousands]

347295119bc32ee90379a49e9f2bcc322a62c33990b61a55d6b3f85d2cefea93

In Q1 2023, the decline in operating cash flow was primarily driven by **larger cash outflows related to accrued payroll and deferred revenues**, with the impact of a significant **increase in receivables and contract assets** also contributing to the decline. These negative effects were only partially offset by **higher net income and increased share-based compensation expense**.  **[0001467373-22-000370_acn-20221130.htm:7]** 

What contributed to the sharp decline in Operating Cash Flow in Q1 2023?

Why did Free Cash Flow fall so sharply in Q1 2023?

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Accenture PLC (ACN)

Financials