SEC Filings

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

Table of Contents

 

AECOM

Consolidated Statements of Cash Flows

(unaudited - in thousands)

 

 

 

Three Months Ended December 31,

 

 

 

2018

 

2017

 

CASH FLOWS FROM OPERATING ACTIVITIES:

 

 

 

 

 

Net income

 

$

65,086

 

$

124,413

 

Adjustments to reconcile net income to net cash (used in) provided by operating activities:

 

 

 

 

 

Depreciation and amortization

 

63,160

 

62,835

 

Equity in earnings of unconsolidated joint ventures

 

(12,504

)

(29,720

)

Distribution of earnings from unconsolidated joint ventures

 

13,955

 

39,480

 

Non-cash stock compensation

 

15,631

 

16,540

 

Foreign currency translation

 

(12,058

)

(16,018

)

Other

 

2,425

 

(1,800

)

Changes in operating assets and liabilities, net of effects of acquisitions:

 

 

 

 

 

Accounts receivable and contract assets

 

(86,271

)

(186,098

)

Prepaid expenses and other assets

 

(93,753

)

(12,517

)

Accounts payable

 

(101,459

)

172,481

 

Accrued expenses and other current liabilities

 

(74,813

)

(188,979

)

Contract liabilities

 

76,471

 

93,102

 

Other long-term liabilities

 

(56,252

)

(21,291

)

Net cash (used in) provided by operating activities

 

(200,382

)

52,428

 

 

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES:

 

 

 

 

 

Proceeds from purchase price adjustment on business acquisition

 

 

2,206

 

Cash acquired from consolidation of joint venture

 

 

7,630

 

Investment in unconsolidated joint ventures

 

(47,650

)

(23,986

)

Return of investment in unconsolidated joint ventures

 

9,273

 

5,030

 

Proceeds from sale of investments

 

3,805

 

161

 

Payments for purchase of investments

 

(3,223

)

 

Proceeds from disposal of property and equipment

 

1,674

 

10,967

 

Payments for capital expenditures

 

(23,576

)

(29,510

)

Net cash used in investing activities

 

(59,697

)

(27,502

)

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES:

 

 

 

 

 

Proceeds from borrowings under credit agreements

 

2,290,452

 

1,276,451

 

Repayments of borrowings under credit agreements

 

(1,999,140

)

(1,236,242

)

Proceeds from issuance of common stock

 

5,485

 

9,530

 

Proceeds from exercise of stock options

 

 

2,715

 

Payments to repurchase common stock

 

(52,347

)

(26,701

)

Net distributions to noncontrolling interests

 

(28,777

)

(16,795

)

Other financing activities

 

(2,439

)

(25,962

)

Net cash provided by (used in) financing activities

 

213,234

 

(17,004

)

 

 

 

 

 

 

EFFECT OF EXCHANGE RATE CHANGES ON CASH

 

(1,586

)

2,882

 

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

 

(48,431

)

10,804

 

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD

 

886,733

 

802,362

 

CASH AND CASH EQUIVALENTS AT END OF PERIOD

 

$

838,302

 

$

813,166

 

 

See accompanying Notes to Consolidated Financial Statements.

 

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