Selected Quarterly Information - Unaudited

12 Months Ended

Sep. 27, 2019

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 27, 2019
Revenues	$	3,083,788			$	3,091,596			$	3,169,622		$	3,392,862			$	12,737,868
Operating profit (a)	$	113,130		^(b)	$	102,681		^(b)	$	89,954	^(b)	$	99,086		^(b)	$	404,851
Earnings from Continuing Operations Before Taxes	$	92,191			$	111,832			$	93,399		$	53,537			$	350,959
Net earnings of the Group from Continuing Operations	$	69,433			$	119,779			$	95,380		$	29,413			$	314,005
Net earnings Attributable to Jacobs from Continuing Operations	$	64,894		^(b)	$	114,755		^(b)	$	89,365	^(b)	$	21,946		^(b)	$	290,960
Net Earnings Attributable to Jacobs	$	124,296		^(b)	$	56,917		^(b)	$	524,442	^(b)	$	142,324		^(b)	$	847,979
Earnings per share:
Basic Net Earnings from Continuing Operations Per Share	$	0.45			$	0.83			$	0.65		$	0.16			$	2.11
Basic Net Earnings (Loss) from Discontinued Operations Per Share	$	0.42			$	(0.42	)		$	3.18		$	0.89			$	4.03
Basic Earnings Per Share	$	0.87			$	0.41			$	3.83		$	1.06			$	6.14
Diluted Net Earnings from Continuing Operations Per Share	$	0.45		^(b)	$	0.82		^(b)	$	0.65	^(b)	$	0.16		^(b)	$	2.09
Diluted Net Earnings (Loss) from Discontinued Operations Per Share	$	0.41			$	(0.41	)		$	3.15		$	0.88		^(c)	$	4.00
Diluted Earnings Per Share	$	0.86			$	0.41			$	3.80		$	1.04			$	6.08
September 28, 2018
Revenues	$	1,783,999			$	2,870,295			$	2,933,623		$	2,991,856			$	10,579,773
Operating profit (Loss) (a)	$	(4,670	)	^(d)	$	68,755		^(d)	$	162,512	^(d)	$	160,846		^(d)	$	387,443
Earnings (Loss) from Continuing Operations Before Taxes	$	(6,703	)		$	48,651			$	146,633		$	142,400			$	330,981
Net Earnings (Loss) of the Group from Continuing Operations	$	(33,903	)		$	(3,205	)		$	115,459		$	(73,002	)		$	5,349
Net Earnings (Loss) Attributable to Jacobs from Continuing Operations	$	(34,234	)	^(d)	$	(6,290	)	^(d)	$	113,336	^(d)	$	(76,997	)	^(d)	$	(4,185	)
Net Earnings (Loss) Attributable to Jacobs	$	2,163		^(d)	$	48,587		^(d)	$	150,222	^(d)	$	(37,541	)	^(d)	$	163,431
Earnings per share:
Basic Net Earnings (Loss) from Continuing Operations Per Share	$	(0.27	)		$	(0.04	)		$	0.79		$	(0.54	)		$	(0.03	)
Basic Net Earnings from Discontinued Operations Per Share	$	0.29			$	0.39			$	0.26		$	0.28			$	1.21
Basic Earnings (Loss) Per Share	$	0.02			$	0.34			$	1.05		$	(0.26	)		$	1.18
Diluted Net Earnings (Loss) from Continuing Operations Per Share	$	(0.27	)	^(d)	$	(0.04	)	^(d)	$	0.79	^(d)	$	(0.54	)	^(d)	$	(0.03	)
Diluted Net Earnings from Discontinued Operations Per Share	$	0.29			$	0.39			$	0.26		$	0.28			$	1.21
Diluted Earnings (Loss) Per Share	$	0.02			$	0.34			$	1.05		$	(0.26	)		$	1.18


(a)	Operating profit represents revenues less (i) direct costs of contracts and (ii) selling, general and administrative expenses.

(b)

Includes $47.2 million in operating profit and $46.8 million in net earnings from continuing operations attributable to Jacobs, or $0.33 per diluted share from continuing operations in the first quarter of fiscal 2019; includes $119.0 million in operating profit, $50.8 million in net earnings from continuing operations attributable to Jacobs, or $0.36 per diluted share from continuing operations in the second quarter of fiscal 2019; includes $142.8 million in operating profit and $103.8 million in net earnings from continuing operations attributable to Jacobs, or $0.75 per diluted share from continuing operations in the third quarter of fiscal 2019; includes $154.2 million in operating profit, $179.3 million in both net earnings from continuing operations attributable to Jacobs, and net earnings attributable to Jacobs, or $1.32 per diluted share in the fourth quarter of fiscal 2019 related to restructuring and other charges, transaction costs, amortization of intangibles and fair value adjustments and dividend income related to our investment in Worley stock and certain foreign currency revaluations relating to ECR sale proceeds. On a year to date basis, impacts on net earnings from continuing operations attributable to Jacobs were (i) $243.7 million in restructuring and other charges, (ii) $16.1 million in transaction costs, (iii) $59.0 million of intangible asset amortization and (iv) $48.6 million in fair value adjustments partly offset by dividend income related to our investment in Worley stock and certain foreign currency revaluations relating to ECR sale proceeds.

(c)

For the three-month period ended September 27, 2019, diluted net earnings (loss) per share from discontinued operations included $89.7 million related to revisions to previous income tax expense estimates, $17.4 million in finalization of the pre-tax gain on the sale of our ECR business and $9.8 million related to the difference between Nui Phao loss contingency as originally recorded and fourth quarter 2019 settlement amount.

(d)

Includes $83.4 million in operating profit, $92.1 million in net earnings attributable to Jacobs, or $0.73 per diluted share from continuing operations in the first quarter of fiscal 2018; includes $105.9 million in operating profit, $130.3 million in net earnings attributable to Jacobs, or $0.91 per diluted share in the second quarter of fiscal 2018; includes $60.7 million in operating profit and $64.8 million in net earnings from continuing operations attributable to Jacobs, or $0.45 per diluted share from continuing operations in the third quarter of fiscal 2018; includes $60.2 million in operating profit, $241.8 million in net earnings from continuing operations attributable to Jacobs, or $1.67 per diluted share from continuing operations in the fourth quarter of fiscal 2018 related to restructuring and other charges, transaction costs, amortization of intangibles and US tax reform charges. On a year to date basis, impacts on net earnings from continuing operations attributable to Jacobs were (i) $112.8 million in restructuring and other charges, (ii) $60.7 million in transaction costs, (iii) $51.5 million of intangible asset amortization and (iv) $259.2 million in US tax reform charges.