SEC Filings

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

Table of Contents

 

Condensed Consolidating Statements of Operations

(unaudited - in millions)

 

 

 

For the three months ended December 31, 2018

 

 

 

Parent

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminations

 

Total

 

Revenue

 

$

 

$

2,703.6

 

$

2,354.8

 

$

(20.9

)

$

5,037.5

 

Cost of revenue

 

 

2,601.4

 

2,286.4

 

(20.9

)

4,866.9

 

Gross profit

 

 

102.2

 

68.4

 

 

170.6

 

Equity in earnings from subsidiaries

 

153.5

 

(52.4

)

 

(101.1

)

 

Equity in earnings of joint ventures

 

 

9.9

 

2.6

 

 

12.5

 

General and administrative expenses

 

(34.2

)

 

(1.7

)

 

(35.9

)

Restructuring costs

 

(63.3

)

 

 

 

(63.3

)

Income from operations

 

56.0

 

59.7

 

69.3

 

(101.1

)

83.9

 

Other income

 

1.2

 

11.9

 

3.8

 

(13.3

)

3.6

 

Interest expense

 

(49.5

)

(5.0

)

(14.8

)

13.3

 

(56.0

)

Income before income tax (benefit) expense

 

7.7

 

66.6

 

58.3

 

(101.1

)

31.5

 

Income tax (benefit) expense

 

(43.7

)

5.8

 

4.3

 

 

(33.6

)

Net income

 

51.4

 

60.8

 

54.0

 

(101.1

)

65.1

 

Noncontrolling interests in income of consolidated subsidiaries, net of tax

 

 

 

(13.6

)

 

(13.6

)

Net income attributable to AECOM

 

$

51.4

 

$

60.8

 

$

40.4

 

$

(101.1

)

$

51.5

 

 

 

 

For the three months ended December 31, 2017

 

 

 

Parent

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminations

 

Total

 

Revenue

 

$

 

$

2,721.3

 

$

2,201.5

 

$

(12.0

)

$

4,910.8

 

Cost of revenue

 

 

2,607.8

 

2,178.8

 

(12.0

)

4,774.6

 

Gross profit

 

 

113.5

 

22.7

 

 

136.2

 

Equity in earnings from subsidiaries

 

206.1

 

183.2

 

 

(389.3

)

 

Equity in earnings of joint ventures

 

 

17.2

 

12.5

 

 

29.7

 

General and administrative expenses

 

(32.1

)

 

(2.6

)

 

(34.7

)

Income from operations

 

174.0

 

313.9

 

32.6

 

(389.3

)

131.2

 

Other income

 

0.2

 

5.4

 

2.7

 

(6.0

)

2.3

 

Interest expense

 

(52.3

)

(4.6

)

(5.3

)

6.0

 

(56.2

)

Income before income tax expense (benefit)

 

121.9

 

314.7

 

30.0

 

(389.3

)

77.3

 

Income tax expense (benefit)

 

10.6

 

112.5

 

(170.2

)

 

(47.1

)

Net income

 

111.3

 

202.2

 

200.2

 

(389.3

)

124.4

 

Noncontrolling interest in income of consolidated subsidiaries, net of tax

 

 

 

(13.1

)

 

(13.1

)

Net income attributable to AECOM

 

$

111.3

 

$

202.2

 

$

187.1

 

$

(389.3

)

$

111.3

 

 

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