SEC Filings

DEF 14A
AECOM filed this Form DEF 14A on 01/23/2019
Entire Document
 

Table of Contents

ANNEX B

Reconciliation of Non-GAAP Items

Our proxy contains financial information calculated other than in accordance with U.S. generally accepted accounting principles ("GAAP"). In particular, the Company believes that non-GAAP financial measures such as adjusted net income and free cash flow per share provide a meaningful perspective on its business results as the Company utilizes this information to evaluate and manage the business. We use adjusted net income to exclude the impact of prior acquisitions and dispositions. We use free cash flow to represent the cash generated after capital expenditures to maintain our business. Our non-GAAP disclosure has limitations as an analytical tool, should not be viewed as a substitute for financial information determined in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Reconciliation of Adjusted EPS

 
  Twelve
Months
Ended
Sept 30
2018
 

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

  $0.84  

Per diluted share adjustments:

     

Non-core operating losses

  0.35  

Impairment of assets for sale, including goodwill

  1.04  

Acquisition and integration related items

  (0.07 )

Amortization of intangible assets

  0.72  

Loss on disposal activities

  0.02  

FX Gain from forward currency contract

  (0.06 )

Financing charges in interest expense

  0.32  

Tax effect of the above adjustments

  (0.27 )

Revaluation of deferred taxes and one-time tax repatriation associated with US tax reform

  (0.29 )

Valuation allowances

  0.15  

Amortization of intangible assets included in NCI, net of tax

  (0.07 )

Adjusted net income attributable to AECOM — per diluted share

  $2.68  

B-1