SEC Filings

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

 

AECOM

Regulation G Information

 

FY18 GAAP EPS Guidance based on Adjusted EPS Guidance

 

 

 

Fiscal Year End 2018

 

GAAP EPS Guidance

 

$0.92 to $1.32

 

Adjusted EPS Excludes:

 

 

 

Amortization of intangible assets

 

$0.62

 

Foreign exchange gain

 

($0.06)

 

Financing charges in interest expense

 

$0.33

 

Year-to-date non-core operating losses

 

$0.13

 

Tax effect of the above items*

 

($0.22)

 

Loss on assets held for sale, including goodwill

 

$1.04

 

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

 

($0.26)

 

Adjusted EPS Guidance

 

$2.50 to $2.90

 

 


*The adjusted tax expense differs from the GAAP tax expense based on the deductibility and tax rate applied to each of the adjustments.

 

FY18 GAAP Net Income Guidance based on Adjusted EBITDA Guidance

 

(in millions)

 

Fiscal Year End 2018

 

GAAP Net Income Attributable to AECOM Guidance*

 

$

 

180

 

Adjusted Net Income Attributable to AECOM Excludes:

 

 

 

Amortization of intangible assets, net of NCI

 

$

 

100

 

Foreign exchange gain

 

$

 

(9

)

Financing charges in interest expense

 

$

 

53

 

Year-to-date non-core operating losses

 

$

 

21

 

Tax effect of the above items**

 

$

 

(35

)

Loss on assets held for sale, including goodwill

 

$

 

168

 

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

 

$

 

(42

)

Adjusted Net Income Attributable to AECOM

 

$

 

437

 

Adjusted EBITDA Excludes:

 

 

 

Interest Expense

 

$

 

210

 

Interest Income

 

$

 

(6

)

Depreciation

 

$

 

145

 

Taxes

 

$

 

95

 

Adjusted EBITDA Guidance

 

$

 

880

 

 


*Calculated based on the mid-point of AECOM’s fiscal year 2018 EPS guidance.

 

**The adjusted tax expense differs from the GAAP tax expense based on the deductibility and tax rate applied to each of the adjustments.

 

Note: the components in this table may not sum to the total due to rounding.

 

FY18 GAAP Tax Rate Guidance based on Adjusted Tax Rate Guidance

 

 

 

Fiscal Year End 2018

 

GAAP Tax Rate Guidance

 

8

%

Tax rate impact from adjustments to GAAP earnings

 

8

%

Tax rate impact from inclusion of NCI deduction

 

2

%

Effective Tax Rate for Adjusted Earnings Guidance

 

18

%

 

11