SEC Filings

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

 

AECOM

Reportable Segments

(unaudited - in thousands)

 

 

 

Design &
Consulting
Services

 

Construction
Services

 

Management
Services

 

AECOM
Capital

 

Corporate

 

Total

 

Three Months Ended March 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

2,004,745

 

$

1,888,342

 

$

897,823

 

$

 

$

 

$

4,790,910

 

Cost of revenue

 

1,884,511

 

1,901,637

 

863,490

 

 

 

4,649,638

 

Gross profit

 

120,234

 

(13,295

)

34,333

 

 

 

141,272

 

Equity in earnings of joint ventures

 

2,763

 

1,208

 

9,067

 

 

 

13,038

 

General and administrative expenses

 

 

 

 

(2,880

)

(27,337

)

(30,217

)

Impairment of assets held for sale, including goodwill

 

 

(168,178

)

 

 

 

(168,178

)

Income (loss) from operations

 

$

122,997

 

$

(180,265

)

$

43,400

 

$

(2,880

)

$

(27,337

)

$

(44,085

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 

6.0

%

(0.7

)%

3.8

%

 

 

2.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

1,867,587

 

$

1,732,692

 

$

826,919

 

$

 

$

 

$

4,427,198

 

Cost of revenue

 

1,761,562

 

1,712,242

 

784,950

 

 

 

4,258,754

 

Gross profit

 

106,025

 

20,450

 

41,969

 

 

 

168,444

 

Equity in earnings of joint ventures

 

6,120

 

5,265

 

10,353

 

 

 

21,738

 

General and administrative expenses

 

 

 

 

(1,791

)

(28,053

)

(29,844

)

Acquisition & integration expenses

 

 

 

 

 

(19,997

)

(19,997

)

Gain on disposal activities

 

572

 

 

 

 

 

572

 

Income (loss) from operations

 

$

112,717

 

$

25,715

 

$

52,322

 

$

(1,791

)

$

(48,050

)

$

140,913

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 

5.7

%

1.2

%

5.1

%

 

 

3.8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended March 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

3,946,645

 

$

4,013,829

 

$

1,741,268

 

$

 

$

 

$

9,701,742

 

Cost of revenue

 

3,748,565

 

4,000,045

 

1,675,708

 

 

 

9,424,318

 

Gross profit

 

198,080

 

13,784

 

65,560

 

 

 

277,424

 

Equity in earnings of joint ventures

 

10,225

 

14,614

 

17,919

 

 

 

42,758

 

General and administrative expenses

 

 

 

 

(5,487

)

(59,400

)

(64,887

)

Impairment of assets held for sale, including goodwill

 

 

(168,178

)

 

 

 

(168,178

)

Income (loss) from operations

 

$

208,305

 

$

(139,780

)

$

83,479

 

$

(5,487

)

$

(59,400

)

$

87,117

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 

5.0

%

0.3

%

3.8

%

 

 

2.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contracted backlog

 

$

9,238,472

 

$

10,981,745

 

$

2,715,448

 

$

 

$

 

$

22,935,665

 

Awarded backlog

 

7,935,382

 

5,719,996

 

10,218,800

 

 

 

23,874,178

 

Unconsolidated JV backlog

 

 

2,267,647

 

858,389

 

 

 

3,126,036

 

Total backlog

 

$

17,173,854

 

$

18,969,388

 

$

13,792,637

 

$

 

$

 

$

49,935,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended March 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

3,708,348

 

$

3,482,941

 

$

1,594,258

 

$

 

$

 

$

8,785,547

 

Cost of revenue

 

3,507,082

 

3,448,732

 

1,491,316

 

 

 

8,447,130

 

Gross profit

 

201,266

 

34,209

 

102,942

 

 

 

338,417

 

Equity in earnings of joint ventures

 

10,207

 

9,574

 

23,428

 

 

 

43,209

 

General and administrative expenses

 

 

 

 

(4,447

)

(58,036

)

(62,483

)

Acquisition & integration expenses

 

 

 

 

 

(35,409

)

(35,409

)

Gain on disposal activities

 

572

 

 

 

 

 

572

 

Income (loss) from operations

 

$

212,045

 

$

43,783

 

$

126,370

 

$

(4,447

)

$

(93,445

)

$

284,306

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 

5.4

%

1.0

%

6.5

%

 

 

3.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contracted backlog

 

$

8,223,679

 

$

12,239,329

 

$

3,542,143

 

$

 

$

 

$

24,005,151

 

Awarded backlog

 

6,749,387

 

3,976,439

 

4,595,326

 

 

 

15,321,152

 

Unconsolidated JV backlog

 

 

2,285,325

 

831,610

 

 

 

3,116,935

 

Total backlog

 

$

14,973,066

 

$

18,501,093

 

$

8,969,079

 

$

 

$

 

$

42,443,238

 

 

6