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Business Combinations (Tables) | 12 Months Ended
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Sep. 27, 2019
Business Combinations [Abstract] |
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following summarizes the fair values of KeyW assets and acquired liabilities assumed as of the acquisition date (in millions):
Assets |
Cash and cash equivalents | $ | 29.1 |
Receivables | 80.1 |
Inventories, net | 21.3 |
Prepaid expenses and other | 2.5 |
Property, equipment and improvements, net | 25.9 |
Deferred tax asset and other | 36.7 |
Goodwill | 611.8 |
Identifiable intangible assets | 179.0 |
Total Assets | $ | 986.4 |
Liabilities |
Accounts payable | $ | 8.3 |
Accrued expenses | 68.7 |
Short term debt | 298.4 |
Other current liabilities | 3.9 |
Other non-current liabilities | 2.9 |
Total Liabilities | $ | 382.2 |
Net assets acquired | $ | 604.2 |
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 | 1,120.6 |
Prepaid expenses and other | 72.7 |
Property, equipment and improvements, net | 175.1 |
Goodwill | 3,165.5 |
Identifiable intangible assets: |
Customer relationships, contracts and backlog | 412.3 |
Lease intangible assets | 4.4 |
Total identifiable intangible assets | 416.7 |
Miscellaneous | 530.8 |
Total Assets | $ | 5,796.6 |
Liabilities |
Notes payable | $ | 2.2 |
Accounts payable | 309.6 |
Accrued liabilities | 787.4 |
Contract liabilities | 260.8 |
Identifiable intangible liabilities: |
Lease intangible liabilities | 9.6 |
Long-term debt | 706.0 |
Other deferred liabilities | 659.0 |
Total Liabilities | $ | 2,734.6 |
Noncontrolling interests | (37.3 | )
Net assets acquired | $ | 3,024.7 |
Schedule of Transaction Costs Associated with Acquisition | Transaction costs associated with the CH2M acquisition in the accompanying consolidated statements of earnings for the year ended September 28, 2018 are comprised of the following (in millions):
| For the Year Ended
| September 28, 2018
Personnel costs | $ | 50.2 |
Professional services and other expenses | 27.5 |
Total | $ | 77.7 |
Summary of Unaudited Proforma Operating Results | The following presents summarized unaudited pro forma operating results of Jacobs assuming that the Company had acquired KeyW at October 1, 2017. 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, except per share data):
|  | For the Years Ended
|  | September 27, 2019 |  | September 28, 2018
Revenues |  | $ | 13,068.7 |  |  | $ | 11,087.2 |
Net earnings of the Group from Continuing Operations |  | $ | 326.0 |  |  | $ | 2.8 |
Net earnings (loss) attributable to Jacobs from continuing operations |  | $ | 303.0 |  |  | $ | (6.7 | )
Net earnings (loss) attributable to Jacobs from continuing operations per share: |  |  |  |
Basic earnings (loss) from continuing operations per share |  | $ | 2.19 |  |  | $ | (0.05 | )
Diluted earnings (loss) from continuing operations per share |  | $ | 2.17 |  |  | $ | (0.05 | )
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). Additionally, these pro forma operating results have not been recast for the sale of our ECR business.
| For the Year Ended
| September 28, 2018
Revenues | $ | 16,012.4 |
Net earnings | $ | 196.3 |
Net earnings (loss) attributable to Jacobs | $ | 184.5 |
Net earnings (loss) attributable to Jacobs per share: |
Basic earnings (loss) per share | $ | 1.28 |
Diluted earnings (loss) per share | $ | 1.27 |

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