SEC Filings

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

 

AECOM

Regulation G Information

 

FY19 GAAP EPS Guidance based on Adjusted EPS Guidance

 

(all figures approximate)

 

Fiscal Year End 2019

GAAP EPS Guidance

 

$1.91 to $2.26

Adjusted EPS Excludes:

 

 

Amortization of intangible assets

 

$0.55

Acquisition and integration related items

 

($0.09)

FY19 restructuring

 

$0.50 to $0.55

Financing charges in interest expense

 

$0.06

Non-core operating losses

 

$0.09

Tax effect of the above items*

 

($0.28)

Tax expense associated with U.S. tax reform

 

($0.19)

Adjusted EPS Guidance

 

$2.60 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.

 

FY19 GAAP Net Income Guidance based on Adjusted EBITDA Guidance

 

(in millions, all figures approximate)

 

Fiscal Year End 2019

GAAP Net Income Attributable to AECOM Guidance*

 

$307 to $362

Adjusted Net Income Attributable to AECOM Excludes:

 

 

Amortization of intangible assets, net of NCI

 

$88

Acquisition and integration related items

 

($15)

FY19 restructuring

 

$80 to $90

Financing charges in interest expense

 

$10

Non-core operating losses

 

$15

Tax effect of the above items**

 

($46)

Tax expense associated with U.S. tax reform

 

($30)

Adjusted Net Income Attributable to AECOM

 

$420 to $465

Adjusted EBITDA Excludes:

 

 

Interest Expense

 

$204

Interest Income

 

($4)

Depreciation

 

$150

Taxes

 

$148

Adjusted EBITDA Guidance

 

$920 to $960

 


*Calculated based on the mid-point of AECOM’s fiscal year 2019 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.

 

FY19 GAAP Tax Rate Guidance based on Adjusted Tax Rate Guidance

 

(all figures approximate)

 

Fiscal Year End 2019

 

GAAP Tax Rate Guidance

 

14

%

Tax rate impact from adjustments to GAAP earnings

 

9

%

Tax rate impact from inclusion of NCI deduction

 

2

%

Effective Tax Rate for Adjusted Earnings Guidance

 

25

%

 

FY19 GAAP Interest Expense Guidance based on Adjusted Interest Expense Guidance

 

(in millions, all figures approximate)

 

Fiscal Year End 2019

 

GAAP Interest Expense Guidance

 

$

214

 

Financing charge in interest expense

 

$

10

 

Interest income

 

$

4

 

Adjusted Interest Expense Guidance

 

$

200

 

 

10