XML 42 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Selected Quarterly Information - Unaudited
12 Months Ended
Sep. 28, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Information - Unaudited
Selected Quarterly Information — Unaudited
The following table presents selected quarterly financial information. (in thousands, except for per share amounts):
 
 
First
Quarter
  
Second
Quarter
  
Third
Quarter
  
Fourth
Quarter
  
Fiscal
Year
September 28, 2018
 

  
 

  
 

  
 

  
 

Revenues
$
2,750,311

  
$
3,935,028

 
$
4,156,663

 
$
4,142,644

  
$
14,984,646

Operating profit (a)
$
47,644

(e) 
$
146,286

(e) 
$
212,729

(e) 
$
241,312

(e) 
$
647,971

Earnings before taxes
$
41,916

  
$
122,167

  
$
192,783

  
$
197,839

  
$
554,705

Net earnings of the Group
$
2,561

  
$
51,932

  
$
150,071

  
$
(31,422
)
  
$
173,142

Net earnings attributable to Jacobs
$
2,163

(e) 
$
48,587

(e) 
$
150,222

(e) 
$
(37,541
)
(e) 
$
163,431

Earnings per share:
 

  
 

  
 

  
 

  
 

Basic
$
0.02

(e) 
$
0.34

(e) 
$
1.05

(e) 
$
(0.26
)
(e) 
$
1.18

Diluted
$
0.02

(e) 
$
0.34

(e) 
$
1.05

(e) 
$
(0.26
)
(e) 
$
1.17

September 29, 2017
 
  
 
  
 
  
 
  
 
Revenues
$
2,551,604

  
$
2,302,567

(c) 
$
2,514,751

(c) 
$
2,653,866

  
$
10,022,788

Operating profit (a)
$
88,628

  
$
68,173

(c) 
$
128,475

(c) 
$
106,993

  
$
392,269

Earnings before taxes
$
85,880

  
$
60,491

  
$
127,396

  
$
119,450

  
$
393,217

Net earnings of the Group
$
61,153

  
$
44,165

  
$
88,629

  
$
93,428

  
$
287,375

Net earnings attributable to Jacobs
$
60,536

(c) 
$
50,018

(c) 
$
89,032

(c) 
$
94,141

(c)(d) 
$
293,727

Earnings per share:
 

  
 

  
 

  
 

  
 

Basic
$
0.50

(c) 
$
0.41

(c) 
$
0.74

(c) 
$
0.78

(c)(d) 
$
2.43

Diluted
$
0.50

(c) 
$
0.41

(c) 
$
0.74

(c) 
$
0.78

(c)(d) 
$
2.42

September 30, 2016
 

  
 

  
 

  
 

  
 

Revenues
$
2,847,934

  
$
2,781,763

  
$
2,693,873

  
$
2,640,587

  
$
10,964,157

Operating profit (a)
$
59,450

  
$
86,781

  
$
109,556

  
$
82,811

  
$
338,598

Earnings before taxes
$
57,787

  
$
90,456

  
$
102,807

  
$
35,673

  
$
286,723

Net earnings of the Group
$
50,306

  
$
63,389

  
$
70,937

  
$
29,883

  
$
214,515

Net earnings attributable to Jacobs
$
46,514

(b) 
$
65,250

(b) 
$
69,055

(b) 
$
29,644

(b) 
$
210,463

Earnings per share:
 

  
 

  
 

  
 

  
 

Basic
$
0.38

(b) 
$
0.54

(b) 
$
0.58

(b) 
$
0.25

(b) 
$
1.75

Diluted
$
0.38

(b) 
$
0.54

(b) 
$
0.57

(b) 
$
0.24

(b) 
$
1.73

(a)
Operating profit represents revenues less (i) direct costs of contracts, and (ii) selling, general and administrative expenses.
(b)
Includes costs of $48.1 million, or $0.39 per diluted share, in the first quarter of fiscal 2016, $25.7 million or $0.21 per diluted share in the second quarter of fiscal 2016, $25.8 million, or $0.21 per diluted share, in the third quarter, and $36.0 million or $0.3 per diluted share in the fourth quarter of fiscal 2016, in each case, related to the 2015 Restructuring.  Also included in the fourth quarter of fiscal 2016 were $17.1 million, or $0.14 per diluted share related to the loss on sale of our French subsidiary; and $10.4 million, or $0.09 per diluted share related to the non-cash write-off on an equity investment.
(c)
Includes costs of $31.7 million, or $0.18 per diluted share, in the first quarter of fiscal 2017; includes $16.5 million in revenue, $72.2 million in operating profit, $45.2 million in net earnings attributable to Jacobs, or $0.37 per diluted share, in the second quarter of fiscal 2017; includes $1 million in revenue, $10.7 million in operating profit and $6.3 million in net earnings attributable to Jacobs, or $0.05 per diluted share, in the third quarter of fiscal 2017; includes $19.5 million in operating profit, $13.6 million in net earnings attributable to Jacobs, or $0.11 per diluted share, in the fourth quarter of fiscal 2017, in each case, related to restructuring and other charges.
(d)
Includes costs of $10.6 million, or $0.09 per diluted share, in the fourth quarter of fiscal 2017 related to professional fees and integration costs for the CH2M acquisition.  
(e)
Includes $87.0 million in operating profit, $94.8 million in net earnings attributable to Jacobs, or $0.75 per diluted share, in the first quarter of fiscal 2018; includes $73.7 million in operating profit, $95.4 million in net earnings attributable to Jacobs, or $0.66 per diluted share, in the second quarter of fiscal 2018; includes $51.3 million in operating profit and $43.9 million in net earnings attributable to Jacobs, or $0.31 per diluted share, in the third quarter of fiscal 2018; includes $38.5 million in operating profit, $225.9 million in net earnings attributable to Jacobs, or $1.57 per diluted share, in the fourth quarter of fiscal 2018, in each case, related to restructuring and other charges, transaction costs and charges relating to U.S. tax reform. During the fourth quarter, the $225.9 million in restructuring and other charges included in net earnings attributable to Jacobs includes $21.0 million related to the loss on the sale of our Guimar joint venture investment.