01—Abstract
Summary
Summary of the 8-K filed September 24, 2015. Cited figures are marked; the original filing is the authoritative source.
Accenture plc (ACN) filed an 8-K on September 24, 2015, to report its financial results for the fourth quarter and full fiscal year ended August 31, 2015.
The filing primarily references a press release (Exhibit 99) containing these results. Investors should note that Accenture provided several non-GAAP financial measures in its release, including free cash flow, net revenue growth on a local currency basis (excluding reimbursements), and adjusted earnings per share, operating income, operating margin, net income, and effective tax rate.
These adjustments excluded a non-cash charge related to the settlement of U.S. pension obligations. The company's management views these non-GAAP metrics as providing valuable insights into operational performance and liquidity, supplementing the standard GAAP financial reporting.
02—Key points
Key Highlights
- Accenture announced its Q4 and full fiscal year 2015 financial results on September 24, 2015.
- The primary content of the 8-K filing is a press release detailing these financial results.
- The company utilized several non-GAAP financial measures to provide additional context on performance.
- Key non-GAAP metrics include free cash flow, local currency net revenue growth, and adjusted EPS/operating results.
- Adjustments were made to exclude the impact of a non-cash pension settlement charge.
- Accenture's management believes these non-GAAP measures offer meaningful insights beyond GAAP reporting.
- Investors are directed to the press release (Exhibit 99) for full details and reconciliations to GAAP measures.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to officially report Accenture's financial results for its fourth quarter and full fiscal year ended August 31, 2015, by attaching the press release that contains these results.
What non-GAAP financial measures did Accenture provide?
Accenture provided non-GAAP measures including free cash flow, net revenue growth on a local currency basis (excluding reimbursements), and adjusted earnings per share, operating income, operating margin, net income, and effective tax rate, which excluded a non-cash charge from U.S. pension settlement.
Why does Accenture use non-GAAP financial measures?
Accenture's management uses these non-GAAP measures because they believe they provide meaningful additional information regarding the company's liquidity and operational performance, allowing for better comparison and understanding of underlying business trends, especially by excluding the impact of foreign currency fluctuations and specific non-recurring charges like the pension settlement.
Where can I find the full financial details and reconciliation to GAAP?
The full financial details, including reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures, are available in the press release dated September 24, 2015, which is attached as Exhibit 99 to this 8-K filing.
04—Continue