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

c8a05384999934b3c5e70e606ec24f1363871911fbfae4597226d3df062cf7ee

fa361dc8a71975e418f222000c560cbf8c6d558bf8d2ac056b609e21606df673

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)

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Net income [USD, thousands]

Depreciation, amortization and other [USD, thousands]

Share-based compensation expense [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]

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

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

5b36ddcc3f9b47daabf0251ab7d126ea6e390f5c41c107a4dade77ca18c4aa8f

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?

9e9248c585c6a8fe900a4c780e8315f39d5b1a3547ba1b9215bf4a2cc7473a5b

Communications, Media & Technology

Financial Services

Health & Public Service

Products

Resources

Other

Consulting

Managed Services

Outsourcing

e15edea80e8432dbfb2b5109503f326df0b11a823117e311ad528a79bf508a99

Revenues (USD, thousands)

Cost of Services (USD, thousands)

Sales and Marketing Expenses (USD, thousands)

General and Administrative Costs (USD, thousands)

Business Optimization Costs (USD, thousands)

Total Operating Expenses (USD, thousands)

Operating Income (USD, thousands)

Interest Income (USD, thousands)

Interest Expense (USD, thousands)

Other Income (Expense), Net (USD, thousands)

Income Before Income Taxes (USD, thousands)

Income Tax Expense (USD, thousands)

Net Income (USD, thousands)

Net Income Attributable to Noncontrolling Interests in Accenture Canada Holdings Inc. (USD, thousands)

Net Income Attributable to Noncontrolling Interests - Other (USD, thousands)

Net Income Attributable to Accenture plc (USD, thousands)

f9d9f592f48e4bf3c60a35a4628ff1d765e6bf263f82fb1c4e43e05c48d26036

Cash and cash equivalents (USD, thousands)

Short-term investments (USD, thousands)

Receivables and contract assets (USD, thousands)

Other current assets (USD, thousands)

Total current assets (USD, thousands)

Contract assets, non-current (USD, thousands)

Investments, non-current (USD, thousands)

Property and equipment, net (USD, thousands)

Lease assets, non-current (USD, thousands)

Goodwill (USD, thousands)

Other non-current assets (USD, thousands)

Total non-current assets (USD, thousands)

TOTAL ASSETS (USD, thousands)

Current portion of long-term debt and bank borrowings (USD, thousands)

Accounts payable (USD, thousands)

Deferred revenues, current (USD, thousands)

Accrued payroll and related benefits (USD, thousands)

Lease liabilities, current (USD, thousands)

Other accrued liabilities (USD, thousands)

Total current liabilities (USD, thousands)

Long-term debt, non-current (USD, thousands)

Lease liabilities, non-current (USD, thousands)

Other non-current liabilities (USD, thousands)

Total non-current liabilities (USD, thousands)

Total Accenture plc shareholders’ equity (USD, thousands)

Noncontrolling interests (USD, thousands)

Total shareholders’ equity (USD, thousands)

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY (USD, thousands)

393ec9f78a7e82ace03272f385dc7751734cf5ade9902f4710e67a0c55e40cf7

Accenture PLC (ACN)

Financials