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Accenture Reports Strong Third-Quarter Fiscal 2011 Results, With Record Quarterly Revenues and EPS -- Revenues

increase 21% in U.S. dollars and 15% in local currency, to $6.7 billion --- EPS up 27%, to $0.93 --- New bookings are $7.1 billion --- Company raises outlook for full-year revenue growth to range of 14% to 15% in local currency and outlook for full-year EPS to range of $3.36 to $3.40 -NEW YORK; June 23, 2011 — Accenture (NYSE: ACN) reported strong financial results for the third quarter of fiscal 2011, ended May 31, 2011, with net revenues of $6.7 billion, an increase of 21 percent in U.S. dollars and 15 percent in local currency over the same period last year. Diluted earnings per share were $0.93, an increase of $0.20, or 27 percent, over the same period last year. Operating income was $949 million, an increase of 18 percent over the same period last year, and operating margin was 14.1 percent. New bookings for the quarter were $7.1 billion, with consulting bookings of $3.7 billion and outsourcing bookings of $3.4 billion. Pierre Nanterme, Accenture’s chief executive officer, said, ―We are very pleased with our thirdquarter results. The continued momentum in our business and the focused execution of our growth strategy enabled us to achieve our highest quarterly revenues ever, of more than $6.7 billion. Four of our five operating groups, and all three geographic regions, saw doubledigit revenue growth in both U.S. dollars and local currency. We also achieved record quarterly EPS of $0.93, and we have a very strong balance sheet. ―We continue to gain market share, and demand for our services remains robust, as demonstrated by third-quarter bookings in excess of $7 billion. Our focus remains on driving sustainable and profitable growth through technology leadership and industry differentiation, and delivering superior value to our clients and shareholders.‖ Financial Review Revenues before reimbursements (―net revenues‖) for the third quarter of fiscal 2011 were $6.7 billion, compared with $5.6 billion in the third quarter of fiscal 2010, an increase of 21 percent in U.S. dollars and 15 percent in local currency. Net revenues for the third quarter of fiscal 2011 exceeded the company’s guided range of $6.3 billion to $6.5 billion, which assumed a foreign-exchange impact of positive 4 percent. Adjusting for the actual foreign-exchange impact of positive 6 percent in the third quarter, the Company’s guided range for quarterly net revenues would have been $6.4 billion to $6.6 billion. Net revenues of $6.7 billion for the quarter also exceeded this adjusted range.

compared with 34.S.0 percent. compared with $1. for the third quarter of fiscal 2010. a $0. a $0. compared with 30 days at Aug. Net income for the quarter was $699 million. compared with the third quarter of fiscal 2010. 2010. The lower rate in the third quarter of fiscal 2011 was primarily due to a number of factors that affect the geographic mix of income.S.  Consulting net revenues for the quarter were $3.7 percent for the third quarter last year.8 percent for the third quarter last year.1 percent of net revenues. dollars and 12 percent in local currency over the third quarter of fiscal 2010. Gross margin (gross profit as a percentage of net revenues) for the quarter was 34. an increase of 24 percent. and a $0. or 14. Selling. .20.93. or 20.2 percent of net revenues. an increase of 23 percent in U.4 percent of net revenues.04 increase from a lower effective tax rate. compared with $804 million. Free cash flow. operating cash flow was $961 million. property and equipment additions were $58 million. partially offset by a net increase in reserves related to ongoing tax audits. 31.03 increase from a lower share count.75 billion.97 billion. or 27 percent. compared with $564 million for the same period of fiscal 2010.01 increase from higher non-operating income. general and administrative (SG&A) expenses for the third quarter were $1. or 20.4 percent. The company’s effective tax rate for the quarter was 27. dollars and 17 percent in local currency over the third quarter of fiscal 2010. Operating cash flow for the quarter was $1.2 percent of net revenues. Days services outstanding. was $1. General and administrative costs as a percentage of net revenues increased 40 basis points and included a $75 million provision for litigation matters (an impact of 110 basis points). and free cash flow was $903 million.36 billion. Diluted EPS for the quarter were $0. 2011. The components of the increase were:      an $0.24 billion. were 32 days at May 31. Outsourcing net revenues were $2.12 billion. partially offset by management of other general and administrative costs at a growth rate lower than that of net revenues. an increase of $0.35 billion. For the same period last year. or DSOs. for the third quarter last year. Sales and marketing costs as a percentage of net revenues decreased 40 basis points. compared with 29.08 increase from higher revenue and operating results in local currency. and property and equipment additions were $113 million. or 14. defined as operating cash flow net of property and equipment additions. Operating income for the quarter was $949 million.04 increase from favorable foreign-exchange rates. an increase of 17 percent in U. a $0.

S. Utilization for the quarter was 85 percent. compared with $1.4 billion. dollars and 3 percent in local currency. compared with $1.S. compared with $2. 31.   Consulting new bookings were $3.7 billion. compared with 17 percent for the third quarter last year. Outsourcing new bookings were $3. Net Revenues by Operating Group Net revenues by operating group were as follows:  Communications & High Tech: $1.3 billion. an increase of 20 percent in U.S.S.9 billion. New Bookings New bookings for the third quarter were $7. or 53 percent of total new bookings. or 47 percent of total new bookings. an increase of 16 percent in U. an increase of 21 percent in U.0 billion for the same period of fiscal 2010.4 billion. Resources: $1. compared with $1.2 billion for the third quarter of fiscal 2010. compared with $4.5 billion for the third quarter of fiscal 2010.S. dollars and 22 percent in local currency. compared with $927 million for the same period last year. dollars and 14 percent in local currency. Health & Public Service: $971 million.3 billion for the third quarter last year.S. Financial Services: $1. dollars and 16 percent in local currency.4 billion.S. an increase of 28 percent in U. dollars and 19 percent in local currency. compared with $1.     Net Revenues by Geographic Region Net revenues by geographic region for the third quarter were as follows:   Americas: $2.4 billion for the third quarter of fiscal 2010. Europe.3 billion.8 billion at Aug. .1 billion and reflect a positive 6 percent foreigncurrency impact compared with new bookings in the third quarter last year. an increase of 22 percent in U. compared with $2. 2011 was $5. dollars and 13 percent in local currency. dollars and 14 percent in local currency. an increase of 25 percent in U. Products: $1.1 billion for the same period last year.Accenture’s total cash balance at May 31. 2010.9 billion. an increase of 5 percent in U. Middle East and Africa (EMEA): $2.6 billion. Attrition for the quarter was 15 percent.

Accenture repurchased or redeemed 11. 2011. including 9. 15. including 646 million Accenture plc Class A ordinary shares and 65 million Accenture SCA Class I common shares and Accenture Canada Holding.7 million shares.S. exchangeable shares. Combined with the semi-annual cash dividend of $0.4 million shares for a total of $644 million. 2011 and on Accenture SCA Class I common shares to shareholders of record at the close of business on April 12. Share Repurchase Activity During the third quarter of fiscal 2011. Inc.45 per share was paid on Accenture plc Class A ordinary shares to shareholders of record at the close of business on April 15. Accenture had approximately 711 million total shares outstanding. . an increase of 38 percent in U. including 13. compared with $625 million for the year-ago period. was approximately $1. 2011. At May 31. a semi-annual cash dividend of $0.1 million shares repurchased in the open market. 2011.4 billion. for a total of approximately $1.7 billion.90 per share.4 billion to $6.45 per share paid on Nov. this brings the total dividend payments for the fiscal year to $0.7 million shares repurchased in the open market.6 billion. This range assumes a foreign-exchange impact of positive 8 percent compared with the fourth quarter of fiscal 2010. This brings Accenture’s total share repurchases and redemptions for the first three quarters of fiscal 2011 to 29. Asia Pacific: $865 million. Business Outlook Fourth Quarter Fiscal 2011 Accenture expects net revenues for the fourth quarter of fiscal 2011 to be in the range of $6. for total cash dividend payments of $644 million. Accenture’s total remaining share repurchase authority at May 31. 2010. Returning Cash to Shareholders Accenture continues to return cash to shareholders through cash dividends and share repurchases. Dividend On May 13. dollars and 25 percent in local currency. 2011.

and continuing until Monday. technology services and outsourcing company.accenture. EDT today to discuss its third-quarter fiscal 2011 financial results. Thursday. The replay will also be available via telephone by dialing +1 (800) 475-6701 [+1 (320) 365-3844 outside the United States. 2011.6 percent to 13. The company now expects operating cash flow to be in the range of $2. The company now expects its annual effective tax rate to be in the range of 27 percent to 28 percent. A podcast of the conference call will be available online at www.000 people serving clients in more than 120 countries.9 billion to $3. Sept. Accenture collaborates with clients to help them become high-performance businesses and governments.1 billion.com.22 to $3. June 23 through Monday. Sept. Accenture continues to expect operating margin for the full fiscal year to be in the range of 13. EDT Thursday. please dial +1 (800) 230-1085 [+1 (612) 288-0329 outside the United States. June 23.m.m.36 to $3. 26.com beginning at 7:00 p. now expects property and equipment additions to be $400 million.accenture. comprehensive capabilities across all industries and business functions. Accenture now expects new bookings to be at the upper end of its previously guided range of $25 billion to $28 billion for the full fiscal year. the company has raised its outlook for net revenue growth to the range of 14 percent to 15 percent in local currency from its previous range of 11 percent to 14 percent in local currency. About Accenture Accenture is a global management consulting.30. The annual business outlook provided in the company’s second-quarter fiscal 2011 earnings announcement in March assumed a foreign-exchange impact of positive 2 percent for the full fiscal year.com beginning approximately 24 hours after the call and continuing until Monday.5 billion to $2. The conference call will also be accessible live on the Investor Relations section of the Accenture Web site at www.7 billion. and extensive research on the world’s most successful companies. EDT today. Conference Call and Webcast Details Accenture will host a conference call at 4:30 p. Puerto Rico and Canada] and entering access code 204978 from 7:00 p.accenture. 26. with more than 223. Sept.7 percent. The company . The company has also raised its outlook for annual diluted EPS to the range of $3. A replay of the conference call will be available online at www.m. 26. Puerto Rico and Canada] approximately 15 minutes before the scheduled start of the call. Combining unparalleled experience. For fiscal 2011.40 from its previous range of $3. To participate. and now expects free cash flow to be in the range of $2.Full Fiscal Year 2011 Accenture’s business outlook for the full 2011 fiscal year now assumes a foreign-exchange impact of positive 3 percent compared with fiscal 2010.

the consulting and outsourcing markets are highly competitive and the company might not be able to compete effectively. statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. financial condition and cash flows . and audits. the company’s Global Delivery Network is increasingly concentrated in India and the Philippines. dollars using the comparable prior-year period’s foreign-currency exchange rates. which are important to the company’s success. the company’s profitability could suffer if its cost-management strategies are unsuccessful. this information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with GAAP. if the company is unable to keep its supply of skills and resources in balance with client demand around the world. the company could have liability or the company’s reputation could be damaged if the company fails to protect client data and company data or information systems as obligated by law or contract or if the company’s information systems are breached. the company is more susceptible to certain risks. 2010.accenture. the company’s business could be materially adversely affected if it incurs legal liability in connection with providing its services and solutions. the company’s results of operations and ability to grow could be materially negatively affected if the company cannot adapt and expand its services and solutions in response to changes in technology and client demand.generated net revenues of US$21. then the company’s contracts could be unprofitable. the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected. These statements involve a number of risks. if the company is unable to collect its receivables or unbilled services.S. Its home page is www.S. which could adversely affect the company’s results of operations. without limitation. 31. could have a material adverse effect on the company’s results of operations and financial condition. if the company’s pricing estimates do not accurately anticipate the cost and complexity of performing work. Pursuant to the requirements of this regulation. While Accenture’s management believes that these non-GAAP financial measures are useful in evaluating Accenture’s operations.6 billion for the fiscal year ended Aug. the company’s results of operations. changes in the company’s level of taxes. clients may not be satisfied with the company’s services. risks that: the company’s results of operations could be adversely affected by negative or uncertain economic or geopolitical conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity. as a result of the company’s geographically diverse operations and its growth strategy to continue geographic expansion. reconciliations of this non-GAAP financial information to Accenture’s financial statements as prepared under generally accepted accounting principles (GAAP) are included in this press release. results of operations could be materially adversely affected if clients terminate their contracts with the company. work with government clients exposes the company to additional risks inherent in the government contracting environment. many of the company’s contracts include performance payments that link some of the company’s fees to the attainment of performance or business targets and this could increase the variability of the company’s revenues and margins. particularly the Euro and British pound. including risks related to governmental budget and debt constraints. revenue growth and earnings in U. the company’s alliance relationships may not be successful or may change. Financial results ―in local currency‖ are calculated by restating currentperiod activity into U. uncertainties and other factors that could cause actual results to differ materially from those expressed or implied.com.S. the company has only a limited ability to protect its intellectual property rights. which may expose it to operational risks. the company could be subject to liabilities or damage to its relationships with clients if subcontractors or the third parties with whom the company partners cannot meet their commitments on time or at all. Non-GAAP Financial Information This press release includes certain non-GAAP financial information as defined by Securities and Exchange Commission Regulation G. results of operations could materially suffer if the company is not able to obtain favorable pricing. Accenture’s management believes providing investors with this information gives additional insights into Accenture’s results of operations. outsourcing services are a significant part of the company’s business and subject the company to additional operational and financial risk. the company’s ability to attract and retain business may depend on its reputation in the marketplace. the company’s business. Forward-Looking Statements Except for the historical information and discussions contained herein. revenues. investigations and tax proceedings. These include. the company’s services or solutions could infringe upon the intellectual property rights of others or the company might lose its ability to utilize the intellectual property of others. dollars may be lower if the U. dollar strengthens against other currencies.

com Alex Pachetti Accenture +1 (917) 452-5519 alex. if the company is unable to manage the organizational challenges associated with its size. uncertainties and other factors discussed under the ―Risk Factors‖ heading in Accenture plc’s most recent annual report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. ### Contact: Fred Hawrysh Accenture +1 (917) 452-4398 fred.pachetti@accenture. the company may not be successful at identifying.com . the company’s share price could fluctuate and be difficult to predict. as well as the risks. the company may be subject to criticism. acquiring or integrating other businesses. negative publicity and legislative or regulatory action related to its incorporation in Ireland. Statements in this news release speak only as of the date they were made. consolidation in the industries the company serves could adversely affect its business.hawrysh@accenture.could be adversely affected. and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations. the company might be unable to achieve its business objectives.

849 258.4% 14.239 745.45 641.589 $ 0.794 2.249 1.174 8.841 % of Net Revenues 2010 $ 16.061) (13.887) 803.720.374 527.733 1.665.171.9% 13.899) (6.276) (21.609.339.478 5.3% $ (66.667 1.131.780 699.416 (22) 9.49 $ $ 2. (2) Net income for diluted earnings per share calculation EARNINGS PER S HARE: .007.162.624 706.421 957.861 (2.211 29 21.020 199.547. 2011 REVENUES : Revenues before reimbursements ("Net revenues") Reimbursements Revenues OPERATING EXPENS ES : Cost of services: Cost of services before reimbursable expenses Reimbursable expenses Cost of services Sales and marketing General and administrative costs Reorganization costs.355 % of Net Revenues Nine Months Ended May 31.5% 13.775 647.6% 66.849.410.496 183.070) 11.513 9.032.240 4.2% 12.724.174 $ 64.115 484.Basic . net INCOME BEFORE INCOME TAXES Provision for income taxes NET INCOME Net income attributable to noncontrolling interests in Accenture SCA and Accenture Canada Holdings Inc. (3) Diluted weighted average Accenture plc Class A ordinary shares and earnings per share amounts in fiscal 2010 have been restated to reflect additional restricted share units issued to holders of restricted share units in connection with the payment of cash dividends.054 1.4% 65.845 714.1% 7.819.487 484. (2) Diluted earnings per share assumes the redemption of all Accenture SCA Class I common shares owned by holders of noncontrolling interests and the exchange of all Accenture Canada Holdings Inc.178.571.273.350) (15.329 $ 0.761 563.074 $ 1. % of Net Revenues 2010 $ 5.509 2.10 1.059.052 1.S .975.201.401 (2.913 2.012) (7.93 $ $ 0. except share and per share amounts) (Unaudited) Three Months Ended May 31.199.043.478 15.519 10.359.9% (199.129.113 17.442 396 6.3% 12.478 4.1% 14.744 $ 1.90 637.648.025 $ 66.894.855.069 10.3% $ 628.899 557.Basic .386 1.756 769.58 2. Inc.197.375 645.576.240 7.147 (11.560 2.534.335.018 17.355.597 $ 1.018 11.012 692.204.727 832.4% 13.987 1.509.348.5% $ 6.013 $ 490.524 651.579 1.7% 67.335.8% 7.350 $ 1.76 0.830 (3) 7.061) (5.550.624 1.276 $ 1.639.Diluted (3) Cash dividends per share $ $ 0.359.261.455 20.125 (1) Comprised primarily of noncontrolling interest attributable to the noncontrolling shareholders of Avanade.023) 490.665 803.013 9.630.8% (183.99 $ 4.928 (941) 29.ACCENTURE PLC CONS OLIDATED INCOME S TATEMENTS (In thousands of U.672) $ 1.487 410.6% 13.8% 12.196 9. dollars.070 1.4% 12.939 949.276 5.6% (64.3% 65.005 % of Net Revenues 100% 100% 100% 100% 12.455 14.665.73 $ $ 2.1% 14.607 767. Net income attributable to noncontrolling interests – other (1) NET INCOME ATTRIBUTABLE TO ACCENTURE PLC CALCULATION OF EARNINGS PER S HARE: Net income attributable to Accenture plc Net income attributable to noncontrolling interests in Accenture SCA and Accenture Canada Holdings Inc.6% 3.870. .214 743.367 404.375 (11.495 2011 $ 18.057 3.2% 10.503. exchangeable shares for Accenture plc Class A ordinary shares on a one-for-one basis.235.321 $ 0.131.779) 2. net Total operating expenses OPERATING INCOME (Loss) gain on investments.Diluted (3) WEIGHTED AVERAGE S HARES : .597 8.7% 14.017 404.044) 628.375 9.4% 7.1% 7.280 239.827) 1.744 8. net Interest income Interest expense Other income (expense).96 0.254.959.355) $ 1.

897.541 2.S .693 4.378 2.871 3.853.100 11.284.867.229.115 $ 1. 2011 2010 OPERATING GROUPS Communications & High Tech Financial Services Health & Public Service Products Resources Other TOTAL Net Revenues Reimbursements TOTAL REVENUES GEOGRAPHY Americas EM EA Asia Pacific TOTAL Net Revenues TYPE OF WORK Consulting Outsourcing TOTAL Net Revenues $ 1.115 484.724.449 2.571.178.386 11.017 3.841 $ 17.346.S .386 $ 6.819.571.975.008.987 Percent Increase U.615 5.920.018 20.965.004.819.181 7.441.276.113 $ 3.476 5.819.945.043.307.002.205 18.017 404.131.720.261.667 8.987 1.513.222 5.447.754.593 864.115 3.204.129.685 6.863 926.903 1.837 2.178.575.330.720.S .$ 22% 25 5 20 28 n/m 21% 20 21% 16% 21 38 21% 23% 17 21% $ $ $ $ $ $ $ $ $ $ 14% 13 25 15% 17% 12 15% OPERATING GROUPS Communications & High Tech Financial Services Health & Public Service Products Resources Other TOTAL Net Revenues Reimbursements TOTAL REVENUES GEOGRAPHY Americas EM EA Asia Pacific TOTAL Net Revenues TYPE OF WORK Consulting Outsourcing TOTAL Net Revenues n/m = not meaningful $ $ $ Nine Months Ended May 31.$ 16% 20 5 17 24 n/m 17% 20 17% 18% 11 34 17% 19% 13 17% Percent Increase Local Currency 15% 20 5 16 21 n/m 16% $ $ $ $ $ $ 17% 12 23 16% 18% 13 16% .006 16.188 1.163.478 5.355 1.240 7.455 1.ACCENTURE PLC S UMMARY OF REVENUES (In thousands of U.987 9.344.408 16.433.149.443.626 971.528 13.369.893 1.056 4.017 Percent Increase U.571. dollars) (Unaudited) Percent Increase Local Currency 16% 19 3 14 22 n/m 15% Three Months Ended May 31.129.129.355 2.814.116 4. 2011 2010 4.184 1.779 2.776.618 1.489 2.717.024 624.364 6.005 8.386 16.724 6.634 18.751 2.828 18.815 4.224.981 6.720.425.359.686 7.583.277 1.364 3.538 3.934.495 2.891 2.

179 581.601 $ 2.622 $ 145.780 176.945 (4.586 Nine Months Ended May 31.201.547.4% Increase (Decrease) $ 27.363 190.S .928 Operating Margin 13% 18 8 11 17 13.138 129.717 .524 127.180 70.317 710.576) 32.1% 2010 Operating Income $ 168. dollars) (Unaudited) Three Months Ended May 31.830 Operating Margin 14% 18 8 14 18 14.773 $ 346.530 183.235 74.211 Operating Margin 13% 17 9 12 17 13.374 $ 2.741 $ 949.117 246.547 606. 2011 OPERATING GROUPS Communications & High Tech Financial Services Health & Public Service Products Resources Total Operating Income $ 539.721 54.975 217.5% 2010 Operating Income $ 454.166 201. 2011 OPERATING GROUPS Communications & High Tech Financial Services Health & Public Service Products Resources Total Operating Income $ 195.6% Increase (Decrease) $ 85.858 (28.167) 6.023 478.ACCENTURE PLC OPERATING INCOME BY OPERATING GROUP (OG) (In thousands of U.119 $ 803.631 262.501 230.291 441.715 473.465 60.416 Operating Margin 14% 18 7 12 18 14.

271.969 $ 1.629 4.445 2.827 1.598 1.604 3.665 3.514 2. net Other non-current assets Total non-current assets TOTAL AS S ETS LIABILITIES AND S HAREHOLDERS ' EQUITY CURRENT LIABILITIES : Current portion of long-term debt and bank borrowings Accounts payable Deferred revenues Accrued payroll and related benefits Other accrued liabilities Total current liabilities NON-CURRENT LIABILITIES : Long-term debt Other non-current liabilities Total non-current liabilities TOTAL ACCENTURE PLC S HAREHOLDERS ' EQUITY NONCONTROLLING INTERES TS TOTAL S HAREHOLDERS ' EQUITY TOTAL LIABILITIES AND S HAREHOLDERS ' EQUITY $ $ August 31.903.651 2.977 3.210 1.992.253 $ 4.683.272.756.534.253 .S .310 41.567.835. 2010 $ 5.922.023 659.835.372.969 $ 54.ACCENTURE PLC CONS OLIDATED BALANCE S HEETS (In thousands of U.354. net Other current assets Total current assets NON-CURRENT AS S ETS : Unbilled services.189.492 1.697 1.225.176.127. net Unbilled services.432 14.666 $ 143 885.713.292 2.709 14.328 1.083 41.833 2.481 2.808 6.684 4.771 2.926 2.746 11.838.411.162.921 9.147.772.260 $ 4.987 2.354.256.931.423.468 1. 2011 (Unaudited) AS S ETS CURRENT AS S ETS : Cash and cash equivalents Short-term investments Receivables from clients.871 3.983 740.628 12.803 462.274.991.726 3.563.746 438.059.903.516. net Investments Property and equipment.871 3.569 2. dollars) May 31.670 7.625 51.723 12.621 862.872 3.835.

684 148.328 (643.383 (1.ACCENTURE PLC CONS OLIDATED CAS H FLOWS S TATEMENTS (In thousands of U.840.677.877 960. 2011 CAS H FLOWS FROM OPERATING ACTIVITIES : Net income Depreciation.479) (824.684 391.588 1.551) 4.155 418.015 (112.055 (756.441.813 (446.360 4.111 468.613) (28.530 397.314 107.482 579.773 125.722.249 (111.550.060. dollars) (Unaudited) Three Months Ended May 31.196 349.114.620) (183.073) (643.312.375 371.185 (1.392 4.969) 247.470) 94.952) (272.751 $ 4.256.718 (525.S .213 173.519 116.140 4.916 343.832) (57.870.822 (1.352.256.662 $ 4. 2011 2010 $ 699. beginning of period CAS H AND CAS H EQUIVALENTS .739) (118.332.144 (382. net Net cash used in financing activities Effect of exchange rate changes on cash and cash equivalents NET INCREAS E (DECREAS E) IN CAS H AND CAS H EQUIVALENTS CAS H AND CAS H EQUIVALENTS .546) 2.257) (136.541.631) (266.069 130.838.960 $ 563.730 326.031) (128. amortization and asset impairments Share-based compensation expense Change in assets and liabilities/other.298 (163.101) (229.148) 42.506.845) 186.642) 109.441) (440) (86.901) 197.463 $ 1.814 (548.861) (322. net of cash acquired Other investing. net Net cash used in investing activities CAS H FLOWS FROM FINANCING ACTIVITIES : Proceeds from issuance of ordinary shares Purchases of shares Cash dividends paid Other financing.662) 3. net Net cash provided by operating activities CAS H FLOWS FROM INVES TING ACTIVITIES : Purchases of property and equipment Purchases of businesses and investments.292 $ 5.312.540) 1.923 $ 1.544 $ 5.363 (1.750) (28.111 .706) 22.681) (400) 1.530) 1.629 (386.992) 24. end of period 2010 Nine Months Ended May 31.