01—Abstract
Summary
Summary of the 8-K filed September 26, 2013. Cited figures are marked; the original filing is the authoritative source.
Accenture plc (ACN) filed an 8-K on September 26, 2013, to report its financial results for the fourth quarter and full fiscal year ended August 31, 2013.
The filing primarily directs investors to an attached press release (Exhibit 99) for detailed financial performance and operational insights. A key aspect of the announcement is Accenture's use and explanation of several non-GAAP financial measures, which management believes provide valuable supplemental information for assessing the company's performance and liquidity.
Investors should pay close attention to these non-GAAP metrics, which include free cash flow, net revenue growth excluding foreign currency fluctuations, and earnings per share, operating income, and tax rates adjusted for specific non-recurring items such as reorganization benefits and the settlement of U.S. federal tax liabilities. Reconciliations to GAAP measures are provided within the press release, highlighting the company's commitment to transparency while offering deeper insights into underlying operational trends and financial health.
02—Key points
Key Highlights
- Accenture announced its Q4 and full fiscal year 2013 financial results via a press release filed as Exhibit 99.
- The company utilizes and explains several non-GAAP financial measures to provide supplemental performance insights.
- Key non-GAAP metrics disclosed include free cash flow, net revenue growth in local currency (excluding foreign exchange impacts), and adjusted EPS, operating income, and tax rates.
- Adjustments to earnings metrics exclude reorganization benefits and a U.S. federal tax liability settlement.
- Management believes these non-GAAP measures offer meaningful additional information on liquidity and operating performance.
- Reconciliations of non-GAAP measures to their most directly comparable GAAP financial measures are available in the press release.
- The filing itself is brief, primarily serving to incorporate the press release's content.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The primary purpose of this 8-K filing is to announce and provide access to Accenture's financial results for the fourth quarter and the full fiscal year ended August 31, 2013. It directs investors to an attached press release (Exhibit 99) for the detailed financial information.
What non-GAAP financial measures does Accenture highlight?
Accenture highlights several non-GAAP measures including free cash flow (operating cash flow less capital expenditures), percentage changes in net revenues on a local currency basis (excluding foreign exchange impacts), and earnings per share, operating income, operating margin, and effective tax rate, adjusted for specific items like reorganization benefits and U.S. federal tax liability settlements.
Why does Accenture use non-GAAP financial measures?
Accenture's management believes these non-GAAP measures provide meaningful additional information that facilitates a better understanding of the company's liquidity, operating performance, and underlying trends, especially by excluding the impact of foreign currency fluctuations and non-recurring items.
Where can I find the full financial details and GAAP reconciliations?
All detailed financial results, explanations of the non-GAAP measures, and reconciliations to the most directly comparable GAAP measures are contained within the press release dated September 26, 2013, which is attached as Exhibit 99 to this 8-K filing.
04—Continue