Business Combinations (Tables)

3 Months Ended

Dec. 29, 2017

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following summarizes the estimated fair values of CH2M assets acquired and liabilities assumed as of the acquisition date (in millions):

Assets
Cash and cash equivalents	$	315.2
Receivables	1,201.9
Prepaid expenses and other	72.7
Property, equipment and improvements, net	225.6
Goodwill	2,698.8
Identifiable intangible assets:
Customer relationships, contracts and backlog	557.0
Trade name	40.0
Lease intangible assets	5.9
Total identifiable intangible assets	602.9
Miscellaneous	277.4
Total Assets	$ 5,394.5
Liabilities
Notes payable	2.2
Accounts payable	309.6
Accrued liabilities	659.0
Billings in excess of costs	263.5
Identifiable intangible liabilities:
Lease intangible liabilities	9.6
Long-term debt	702.3
Other deferred liabilities	382.7
Total Liabilities	2,328.9
Noncontrolling interests	(40.9)
Net assets acquired	$	3,024.7

Summary of Unaudited Proforma Operating Results

The following presents summarized unaudited pro forma operating results assuming that the Company had acquired CH2M at October 1, 2016. These pro forma operating results are presented for illustrative purposes only and are not indicative of the operating results that would have been achieved had the related events occurred (in millions):

	Three Months Ended
See note 1	December 29, 2017		December 30, 2016

Revenues	$	3,778	$	3,652
Net earnings (loss)	$ 25.8		$	(47.0)
Net earnings (loss) attributable to Jacobs	$	23.2	$	(56.6)
Net earnings (loss) attributable to Jacobs per share:
Basic earnings (loss) per share	$	0.16	$	(0.40)
Diluted earnings (loss) per share	$	0.16	$	(0.40)

Included in the unaudited pro forma operating results are charges relating to transaction expenses, severance expense and other items that are removed from the three months ended December 29, 2017 and are reflected in the three months ended December 30, 2016 due to the assumed timing of the transaction. Also, income tax expense (benefit) for the three month pro forma periods ended December 29, 2017 and December 30, 2016 were $67.4 million and ($78.6) million, respectively.