acn-20221130

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


☑			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended November 30, 2022


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
			For the transition period from to

Commission File Number: 001-34448

Accenture plc

(Exact name of registrant as specified in its charter)


Ireland			98-0627530
(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)

1 Grand Canal Square,

Grand Canal Harbour,

Dublin 2, Ireland

(Address of principal executive offices)

(353) (1) 646-2000

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A ordinary shares, par value $0.0000225 per share	ACN	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☑

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

The number of shares of the registrant’s Class A ordinary shares, par value $0.0000225 per share, outstanding as of December 6, 2022 was 658,388,513 (which number includes 28,648,371 issued shares held by the registrant). The number of shares of the registrant’s Class X ordinary shares, par value $0.0000225 per share, outstanding as of December 6, 2022 was 498,837.

Table of Contents



		Page
Part I.	Financial Information	3
Item 1.	Financial Statements	3
	Consolidated Balance Sheets as of November 3 0 , 2022 (Unaudited) and August 31, 20 2 2	3
	Consolidated Income Statements (Unaudited) for the three months ended November 3 0 , 2022 and 2021	4
	Consolidated Statements of Comprehensive Income (Unaudited) for the three months ended November 3 0 , 2022 and 2021	5
	Consolidated Shareholders’ Equity Statement (Unaudited) for the three months ended November 3 0 , 2022 and 2021	6
	Consolidated Cash Flows Statements (Unaudited) for the three months ended November 3 0 , 2022 and 2021	8
	Notes to Consolidated Financial Statements (Unaudited)	9
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	19
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	29
Item 4.	Controls and Procedures	29
Part II.	Other Information	30
Item 1.	Legal Proceedings	30
Item 1A.	Risk Factors	30
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	30
Item 3.	Defaults Upon Senior Securities	30
Item 4.	Mine Safety Disclosures	31
Item 5.	Other Information	31
Item 6.	Exhibits	31
Signatures		32


Table of Contents	Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts)
ACCENTURE FORM 10-Q		3

Part I — Financial Information

Item 1. Financial Statements

Consolidated Balance Sheets

November 30, 2022 and August 31, 2022


	November 30, 2022		August 31, 2022
ASSETS	(Unaudited)
CURRENT ASSETS:
Cash and cash equivalents	$	5,899,703	$	7,889,833
Short-term investments	4,095		3,973
Receivables and contract assets	12,610,353		11,776,775
Other current assets	2,158,309		1,940,290
Total current assets	20,672,460		21,610,871
NON-CURRENT ASSETS:
Contract assets	68,730		46,844
Investments	324,382		317,972
Property and equipment, net	1,634,074		1,659,140
Lease assets	2,997,162		3,018,535
Goodwill	13,790,686		13,133,293
Deferred contract costs	832,653		807,940
Deferred tax assets	4,029,760		4,001,200
Other non-current assets	2,765,867		2,667,595
Total non-current assets	26,443,314		25,652,519
TOTAL ASSETS	$	47,115,774	$	47,263,390
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt and bank borrowings	$	9,430	$	9,175
Accounts payable	2,417,777		2,559,485
Deferred revenues	4,326,633		4,478,048
Accrued payroll and related benefits	6,872,860		7,611,794
Income taxes payable	694,354		646,471
Lease liabilities	707,863		707,598

Other accrued liabilities	1,431,329		1,510,925
Total current liabilities	16,460,246		17,523,496
NON-CURRENT LIABILITIES:
Long-term debt	45,122		45,893
Deferred revenues	710,017		712,715
Retirement obligation	1,601,619		1,692,152
Deferred tax liabilities	373,006		318,584
Income taxes payable	1,273,738		1,198,139
Lease liabilities	2,537,632		2,563,090
Other non-current liabilities	448,444		462,233
Total non-current liabilities

SEC Form 10-Q filed by Accenture plc