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United States securities and exchange commission logo
July 22, 2021
W. Troy Rudd
Chief Executive Officer
AECOM
300 South Grand Avenue, 9th Floor
Los Angeles, California 90071
Re: AECOM
Form 10-K for the
Fiscal Year Ended September 30, 2020
Filed November 19,
2020
Form 10-Q for the
Fiscal Period Ended March 31, 2021
Filed May 12, 2021
File No. 000-52423
Dear Mr. Rudd:
We have limited our review of your filing to the financial
statements and related
disclosures and have the following comments. In some of our comments, we
may ask you to
provide us with information so we may better understand your disclosure.
Please respond to these comments within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe our
comments apply to your facts and circumstances, please tell us why in
your response.
After reviewing your
response to these comments, we may have additional comments.
Form 10-Q for the Period Ended March 31, 2021
Consolidated Statements of Cash Flows, page 6
1. Refer to your response
dated June 15, 2021 to comment 1. You state the cash outflow of
$260 million for the
six months ended March 31, 2021 reflects the net cash disposed in the
sale of the power and
civil infrastructure construction businesses. You say this cash
outflow represents
amounts in the controlled cash accounts of the entities sold in excess of
the cash you received
from the buyers at closing. For the six months ended March 31,
2021, you reported a
$103.7 million net loss from discontinued operations and a $50.1
million loss on sale of
discontinued operations. Please explain to us in detail how you
accounted for the above
mentioned $260 million cash outflow and related sales
transactions. State any
amounts received from and paid to the buyers in these sale
transactions and
whether the $260 million cash outflow is a gross or net amount. Tell us
W. Troy Rudd
AECOM
July 22, 2021
Page 2
whether or not the $260 million cash outflow was factored into the
noted net loss from
discontinued operations and/or loss on sale of discontinued
operations. If so, explain in
detail how, and if not, explain why not.
In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.
You may contact Aamira Chaudhry at 202-551-3389 or Doug Jones at
202-551-3309
with any questions.
FirstName LastNameW. Troy Rudd Sincerely,
Comapany NameAECOM
Division of
Corporation Finance
July 22, 2021 Page 2 Office of Trade
& Services
FirstName LastName