SEC Filings

10-Q
AECOM filed this Form 10-Q on 02/06/2019
Entire Document
 

Table of Contents

 

The following tables set forth summarized financial information concerning the Company’s reportable segments:

 

Reportable Segments:

 

Design and
Consulting
Services

 

Construction
Services

 

Management
Services

 

AECOM
Capital

 

Corporate

 

Total

 

 

 

(in millions)

 

Three Months Ended December 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

2,029.7

 

$

2,014.5

 

$

989.4

 

$

3.9

 

$

 

$

5,037.5

 

Gross profit

 

115.7

 

3.2

 

47.8

 

3.9

 

 

170.6

 

Equity in earnings (losses) of joint ventures

 

3.8

 

7.9

 

3.3

 

(2.5

)

 

12.5

 

General and administrative expenses

 

 

 

 

(1.7

)

(34.2

)

(35.9

)

Restructuring costs

 

 

 

 

 

(63.3

)

(63.3

)

Operating income (loss)

 

119.5

 

11.1

 

51.1

 

(0.3

)

(97.5

)

83.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 

5.7

%

0.2

%

4.8

%

 

 

3.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

1,941.9

 

$

2,125.5

 

$

843.4

 

$

 

$

 

$

4,910.8

 

Gross profit

 

77.8

 

27.1

 

31.3

 

 

 

136.2

 

Equity in earnings of joint ventures

 

7.5

 

13.4

 

8.8

 

 

 

29.7

 

General and administrative expenses

 

 

 

 

(2.6

)

(32.1

)

(34.7

)

Operating income (loss)

 

85.3

 

40.5

 

40.1

 

(2.6

)

(32.1

)

131.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 

4.0

%

1.3

%

3.7

%

 

 

2.8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reportable Segments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

$

7,100.0

 

$

4,168.1

 

$

2,677.7

 

$

165.9

 

$

656.0

 

$

14,767.7

 

September 30, 2018

 

7,013.8

 

4,212.0

 

2,701.2

 

140.6

 

613.5

 

14,681.1

 

 

16.       Condensed Consolidating Financial Information

 

In connection with the registration of the Company’s 2014 Senior Notes that were declared effective by the SEC on September 29, 2015, AECOM became subject to the requirements of Rule 3-10 of Regulation S-X regarding financial statements of guarantors and issuers of guaranteed securities. Both the 2014 Senior Notes and the 2017 Senior Notes are fully and unconditionally guaranteed on a joint and several basis by some of AECOM’s directly and indirectly 100% owned subsidiaries (the Subsidiary Guarantors). Other than customary restrictions imposed by applicable statutes, there are no restrictions on the ability of the Subsidiary Guarantors to transfer funds to AECOM in the form of cash dividends, loans or advances.

 

The following condensed consolidating financial information, which is presented for AECOM, the Subsidiary Guarantors on a combined basis and AECOM’s non-guarantor subsidiaries on a combined basis, is provided to satisfy the disclosure requirements of Rule 3-10 of Regulation S-X.

 

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