SEC Filings

8-K
AECOM filed this Form 8-K on 05/08/2018
Entire Document
 

 

AECOM
Regulation G Information
(in millions, except per share data)

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

Mar 31,
2017

 

Dec 31,
2017

 

Mar 31,
2018

 

Mar 31,
2017

 

Mar 31,
2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of Net Income per Diluted Share to Adjusted Net Income per Diluted Share

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to AECOM — per diluted share

 

$

0.65

 

$

0.69

 

$

(0.75

)

$

0.94

 

$

(0.05

)

Per diluted share adjustments:

 

 

 

 

 

 

 

 

 

 

 

Non-core operating losses

 

0.01

 

 

0.13

 

0.02

 

0.13

 

Impairment of assets held for sale, including goodwill

 

 

 

1.04

 

 

1.04

 

Acquisition and integration expenses

 

0.12

 

 

 

0.22

 

 

Amortization of intangible assets

 

0.18

 

0.17

 

0.21

 

0.35

 

0.37

 

FX gain from forward currency contract

 

 

 

(0.06

)

 

(0.06

)

Financing charges in interest expense

 

0.05

 

0.02

 

0.27

 

0.07

 

0.29

 

Tax effect of the above adjustments

 

(0.11

)

(0.03

)

(0.15

)

(0.15

)

(0.18

)

Revaluation of deferred taxes and one-time tax repatriation charges associated with U.S. tax reform

 

 

(0.26

)

 

 

(0.26

)

Amortization of intangible assets included in NCI, net of tax

 

(0.01

)

(0.02

)

(0.02

)

(0.03

)

(0.04

)

Adjusted net income attributable to AECOM — per diluted share

 

$

0.89

 

$

0.57

 

$

0.67

 

$

1.42

 

$

1.24

 

Weighted average shares outstanding — diluted

 

158.7

 

161.8

 

162.2

 

158.3

 

162.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of EBITDA to Adjusted Income from Operations

 

EBITDA(1)

 

$

190.5

 

$

179.2

 

$

24.4

 

$

378.7

 

$

203.6

 

Non-core operating losses

 

0.5

 

 

21.2

 

2.5

 

21.2

 

Impairment of assets held for sale, including goodwill

 

 

 

168.2

 

 

168.2

 

Acquisition and integration expenses

 

20.0

 

 

 

35.4

 

 

Gain on disposal activities

 

(0.6

)

 

 

(0.6

)

 

FX gain from forward currency contract

 

 

 

(9.1

)

 

(9.1

)

Depreciation expense included in non-core operating losses and acquisition and integration expense above

 

(0.5

)

 

(3.8

)

(0.8

)

(3.8

)

Adjusted EBITDA

 

$

209.9

 

$

179.2

 

$

200.9

 

$

415.2

 

$

380.1

 

Other expense

 

(1.3

)

(2.3

)

(12.5

)

(2.1

)

(14.8

)

FX gain from forward currency contract

 

 

 

9.1

 

 

9.1

 

Interest income(2)

 

1.3

 

1.8

 

3.4

 

2.0

 

5.2

 

Depreciation(3)

 

(37.2

)

(36.2

)

(37.2

)

(75.2

)

(73.4

)

Noncontrolling interests in income of consolidated subsidiaries, net of tax

 

13.4

 

13.1

 

12.0

 

32.0

 

25.1

 

Amortization of intangible assets included in NCI, net of tax

 

2.4

 

2.5

 

3.3

 

4.8

 

5.8

 

Adjusted income from operations

 

$

188.5

 

$

158.1

 

$

179.0

 

$

376.7

 

$

337.1

 

 


(1) See Reconciliation of Net Income Attributable to AECOM to EBITDA and to Adjusted EBITDA; (2) Included in other income; (3) Excludes depreciation from non-core operating losses, and acquisition and integration expenses

 

9