SEC Filings

8-K
AECOM filed this Form 8-K on 02/05/2019
Entire Document
 

 

AECOM

Regulation G Information

($ in millions, except per share data)

 

 

 

Three Months Ended

 

 

 

Dec 31,
2017

 

Sep 30,
2018

 

Dec 31,
2018

 

Reconciliation of EBITDA to Adjusted Income from Operations

 

 

 

 

 

 

 

EBITDA(1)

 

$

179.2

 

$

221.7

 

$

133.0

 

Non-core operating losses

 

 

17.5

 

15.0

 

Acquisition and integration related items

 

 

(4.4

)

(3.9

)

Restructuring costs

 

 

 

63.3

 

Loss on disposal activity

 

 

0.8

 

 

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

 

 

(2.2

)

(0.2

)

Adjusted EBITDA

 

$

179.2

 

$

233.4

 

$

207.2

 

Other income

 

(2.3

)

(2.6

)

(3.6

)

Interest income(2)

 

1.8

 

2.1

 

2.7

 

Depreciation(3)

 

(36.2

)

(39.3

)

(38.9

)

Noncontrolling interests in income of consolidated subsidiaries, net of tax

 

13.1

 

21.4

 

13.6

 

Acquisition and integration expenses related items included in NCI, net of tax

 

 

(0.4

)

(0.4

)

Amortization of intangible assets included in NCI, net of tax

 

2.5

 

3.3

 

3.0

 

Adjusted income from operations

 

$

158.1

 

$

217.9

 

$

183.6

 

 


(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.

 

Reconciliation of Segment Income from Operations to Adjusted Income from Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Design & Consulting Services Segment:

 

 

 

 

 

 

 

Income from operations

 

$

85.3

 

$

126.4

 

$

119.5

 

Non-core operating losses

 

 

0.9

 

0.9

 

Amortization of intangible assets

 

6.2

 

5.8

 

6.0

 

Adjusted income from operations

 

$

91.5

 

$

133.1

 

$

126.4

 

 

 

 

 

 

 

 

 

Construction Services Segment:

 

 

 

 

 

 

 

Income from operations

 

$

40.5

 

$

21.3

 

$

11.0

 

Acquisition and integration related items

 

 

(4.8

)

(4.3

)

Non-core operating losses

 

 

16.6

 

14.1

 

Loss on disposal activity

 

 

0.8

 

 

Amortization of intangible assets

 

10.8

 

11.7

 

10.2

 

Adjusted income from operations

 

$

51.3

 

$

45.6

 

$

31.0

 

 

 

 

 

 

 

 

 

Management Services Segment:

 

 

 

 

 

 

 

Income from operations

 

$

40.1

 

$

49.9

 

$

51.1

 

Amortization of intangible assets

 

9.9

 

9.9

 

9.5

 

Adjusted income from operations

 

$

50.0

 

$

59.8

 

$

60.6

 

 

9