Condensed Consolidating Financial Information (Tables)

12 Months Ended

Sep. 30, 2015

Condensed Consolidating Financial Information

Schedule of Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheets
(in millions)
September 30, 2015

	Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Total
ASSETS
CURRENT ASSETS:
Total cash and cash equivalents	$	1.3	$	162.5	$	520.1	$	—		$	683.9
Accounts receivable—net		—		2,165.5		2,675.9		—			4,841.4
Intercompany receivable		771.3		187.3		262.7		(1,221.3	)		—
Prepaid expenses and other current assets		36.7		127.4		224.9		—			389.0
Income taxes receivable		68.7		—		12.5		—			81.2
Deferred tax assets—net		36.6		—		276.9		(62.9	)		250.6

TOTAL CURRENT ASSETS		914.6		2,642.7		3,973.0		(1,284.2	)		6,246.1
PROPERTY AND EQUIPMENT—NET		93.4		240.0		365.9		—			699.3
DEFERRED TAX ASSETS—NET		27.1		—		7.3		(34.4	)		—
INVESTMENTS IN CONSOLIDATED SUBSIDIARIES		6,739.4		1,343.7		67.4		(8,150.5	)		—
INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES		0.8		73.4		247.4		—			321.6
GOODWILL		—		3,291.1		2,529.6		—			5,820.7
INTANGIBLE ASSETS—NET		—		459.4		200.0		—			659.4
OTHER NON-CURRENT ASSETS		88.7		26.8		151.7		—			267.2

TOTAL ASSETS	$	7,864.0	$	8,077.1	$	7,542.3	$	(9,469.1	)	$	14,014.3


LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Short-term debt	$	2.3	$	—	$	0.5	$	—		$	2.8
Accounts payable		28.0		834.1		991.9		—			1,854.0
Accrued expenses and other current liabilities		229.5		1,001.6		936.7		—			2,167.8
Intercompany payable		119.9		960.3		319.8		(1,400.0	)		—
Billings in excess of costs on uncompleted contracts		—		255.7		398.2		—			653.9
Deferred tax liability—net		—		62.9		—		(62.9	)		—
Current portion of long-term debt		105.6		24.5		27.5		—			157.6

TOTAL CURRENT LIABILITIES		485.3		3,139.1		2,674.6		(1,462.9	)		4,836.1
OTHER LONG-TERM LIABILITIES		63.6		299.5		507.6		—			870.7
DEFERRED TAX LIABILITY—NET		—		122.6		141.9		(34.4	)		230.1
NOTE PAYABLE INTERCOMPANY—NON CURRENT		—		—		669.1		(669.1	)		—
LONG-TERM DEBT		3,914.0		482.7		49.8		—			4,446.5

TOTAL LIABILITIES		4,462.9		4,043.9		4,043.0		(2,166.4	)		10,383.4
TOTAL AECOM STOCKHOLDERS' EQUITY		3,401.1		4,033.2		3,276.1		(7,302.7	)		3,407.7
Noncontrolling interests		—		—		223.2		—			223.2

TOTAL STOCKHOLDERS' EQUITY		3,401.1		4,033.2		3,499.3		(7,302.7	)		3,630.9

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	7,864.0	$	8,077.1	$	7,542.3	$	(9,469.1	)	$	14,014.3

Condensed Consolidating Balance Sheets
(in millions)
September 30, 2014

	Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Total
ASSETS
CURRENT ASSETS:
Total cash and cash equivalents	$	33.4	$	85.8	$	455.0	$	—		$	574.2
Accounts receivable—net		—		907.4		1,747.6		—			2,655.0
Intercompany receivable		363.8		107.8		211.1		(682.7	)		—
Prepaid expenses and other current assets		19.7		20.5		137.3		—			177.5
Income taxes receivable		—		—		1.7		(0.2	)		1.5
Deferred tax assets—net		42.0		—		45.1		(61.2	)		25.9

TOTAL CURRENT ASSETS		458.9		1,121.5		2,597.8		(744.1	)		3,434.1
PROPERTY AND EQUIPMENT—NET		53.6		90.6		137.8		—			282.0
DEFERRED TAX ASSETS—NET		36.1		42.3		64.1		(24.5	)		118.0
INVESTMENTS IN CONSOLIDATED SUBSIDIARIES		3,001.3		440.8		—		(3,442.1	)		—
INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES		—		31.9		111.0		—			142.9
GOODWILL		—		1,011.8		925.5		—			1,937.3
INTANGIBLE ASSETS—NET		—		29.0		61.2		—			90.2
OTHER NON-CURRENT ASSETS		15.6		3.0		100.3		—			118.9

TOTAL ASSETS	$	3,565.5	$	2,770.9	$	3,997.7	$	(4,210.7	)	$	6,123.4


LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Short-term debt	$	9.9	$	1.0	$	13.0	$	—		$	23.9
Accounts payable		26.3		405.1		615.8		—			1,047.2
Accrued expenses and other current liabilities		136.2		265.8		562.8		(0.2	)		964.6
Intercompany payable		157.7		460.0		73.1		(690.8	)		—
Billings in excess of costs on uncompleted contracts		—		87.0		292.6		—			379.6
Deferred tax liability—net		—		61.2		—		(61.2	)		—
Current portion of long-term debt		37.5		—		3.0		—			40.5

TOTAL CURRENT LIABILITIES		367.6		1,280.1		1,560.3		(752.2	)		2,455.8
OTHER LONG-TERM LIABILITIES		80.5		48.0		327.0		—			455.5
DEFERRED TAX LIABILITY—NET		—		—		24.5		(24.5	)		—
LONG-TERM DEBT		938.9		—		0.7		—			939.6

TOTAL LIABILITIES		1,387.0		1,328.1		1,912.5		(776.7	)		3,850.9
TOTAL AECOM STOCKHOLDERS' EQUITY		2,178.5		1,442.8		1,999.2		(3,434.0	)		2,186.5
Noncontrolling interests		—		—		86.0		—			86.0

TOTAL STOCKHOLDERS' EQUITY		2,178.5		1,442.8		2,085.2		(3,434.0	)		2,272.5

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	3,565.5	$	2,770.9	$	3,997.7	$	(4,210.7	)	$	6,123.4

Schedule of Condensed Consolidating Statements of Income

Condensed Consolidating Statements of Income
(in millions)

	For the Fiscal Year Ended September 30, 2015
	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Revenue	$	—		$	8,749.5		$	9,463.6		$	(223.2	)	$	17,989.9
Cost of revenue		—			8,486.4			9,191.5			(223.2	)		17,454.7

Gross profit		—			263.1			272.1			—			535.2
Equity in earnings from subsidiaries		321.3			(95.4	)		(1.4	)		(224.5	)		—
Equity in earnings of joint ventures		—			20.0			86.2			—			106.2
General and administrative expenses		(112.2	)		(1.8	)		—			—			(114.0	)
Acquisition and integration expenses		(346.9	)		(51.5	)		—			—			(398.4	)

(Loss) income from operations		(137.8	)		134.4			356.9			(224.5	)		129.0
Other income (expense)		5.1			34.9			14.7			(35.6	)		19.1
Interest (expense) income		(275.4	)		(20.4	)		(39.4	)		35.6			(299.6	)

(Loss) income before income tax expense		(408.1	)		148.9			332.2			(224.5	)		(151.5	)
Income tax (benefit) expense		(253.3	)		66.7			61.0			45.3			(80.3	)

Net (loss) income		(154.8	)		82.2			271.2			(269.8	)		(71.2	)
Noncontrolling interests in income of consolidated subsidiaries, net of tax		—			—			(83.6	)		—			(83.6	)

Net (loss) income attributable to AECOM	$	(154.8	)	$	82.2		$	187.6		$	(269.8	)	$	(154.8	)

	For the Fiscal Year Ended September 30, 2014
	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Revenue	$	—		$	3,609.4		$	4,781.9		$	(34.5	)	$	8,356.8
Cost of revenue		—			3,451.6			4,536.5			(34.5	)		7,953.6

Gross profit		—			157.8			245.4			—			403.2
Equity in earnings from subsidiaries		346.7			40.9			—			(387.6	)		—
Equity in earnings of joint ventures		—			15.0			42.9			—			57.9
General and administrative expenses		(80.9	)		—			—			—			(80.9	)
Acquisition and integration expenses		(27.3	)		—			—			—			(27.3	)

Income (loss) from operations		238.5			213.7			288.3			(387.6	)		352.9
Other income (loss)		0.5			0.9			2.0			(0.7	)		2.7
Interest expense income		(37.7	)		(0.7	)		(3.1	)		0.7			(40.8	)

Income (loss) before income tax expense		201.3			213.9			287.2			(387.6	)		314.8
Income tax (benefit) expense		(28.6	)		34.3			69.5			6.8			82.0

Net income (loss)		229.9			179.6			217.7			(394.4	)		232.8
Noncontrolling interests in income of consolidated subsidiaries, net of tax		—			—			(2.9	)		—			(2.9	)

Net income (loss) attributable to AECOM	$	229.9		$	179.6		$	214.8		$	(394.4	)	$	229.9

	For the Fiscal Year Ended September 30, 2013
	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Revenue	$	—		$	3,784.1		$	4,410.5		$	(41.1	)	$	8,153.5
Cost of revenue		—			3,617.5			4,127.1			(41.1	)		7,703.5

Gross profit		—			166.6			283.4			—			450.0
Equity in earnings from subsidiaries		334.3			51.1			—			(385.4	)		—
Equity in earnings of joint ventures		—			12.7			11.6			—			24.3
General and administrative expenses		(97.3	)		—			—			—			(97.3	)

Income (loss) from operations		237.0			230.4			295.0			(385.4	)		377.0
Other income (loss)		1.4			—			2.4			(0.3	)		3.5
Interest expense income		(43.2	)		(0.1	)		(1.7	)		0.3			(44.7	)

Income (loss) before income tax expense		195.2			230.3			295.7			(385.4	)		335.8
Income tax (benefit) expense		(44.1	)		51.5			78.4			6.8			92.6

Net income (loss)		239.3			178.8			217.3			(392.2	)		243.2
Noncontrolling interests in income of consolidated subsidiaries, net of tax		—			—			(4.0	)		—			(4.0	)

Net income (loss) attributable to AECOM	$	239.3		$	178.8		$	213.3		$	(392.2	)	$	239.2

Schedule of Condensed Consolidating Statements of Comprehensive Income Loss

Consolidating Statements of Comprehensive Income (Loss)
(in millions)

	For the Fiscal Year Ended September 30, 2015
	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Net (loss) income	$	(154.8	)	$	82.2	$	271.2		$	(269.8	)	$	(71.2	)
Other comprehensive income (loss), net of tax:
Net unrealized loss on derivatives, net of tax		(6.1	)		—		(3.1	)		—			(9.2	)
Foreign currency translation adjustments		—			—		(285.6	)		—			(285.6	)
Pension adjustments, net of tax		1.8			6.4		4.8			—			13.0

Other comprehensive (loss) income, net of tax		(4.3	)		6.4		(283.9	)		—			(281.8	)

Comprehensive (loss) income, net of tax		(159.1	)		88.6		(12.7	)		(269.8	)		(353.0	)
Noncontrolling interests in comprehensive income of consolidated subsidiaries, net of tax		—			—		(80.3	)		—			(80.3	)

Comprehensive (loss) income attributable to AECOM, net of tax	$	(159.1	)	$	88.6	$	(93.0	)	$	(269.8	)	$	(433.3	)

	For the Fiscal Year Ended September 30, 2014
	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Net income (loss)	$	229.9		$	179.6	$	217.7		$	(394.4	)	$	232.8
Other comprehensive income (loss), net of tax:
Net unrealized gain on derivatives, net of tax		0.3			—		—			—			0.3
Foreign currency translation adjustments		—			—		(72.7	)		—			(72.7	)
Pension adjustments, net of tax		(9.9	)		—		(14.3	)		—			(24.2	)

Other comprehensive loss, net of tax		(9.6	)		—		(87.0	)		—			(96.6	)

Comprehensive income (loss), net of tax		220.3			179.6		130.7			(394.4	)		136.2
Noncontrolling interests in comprehensive income of consolidated subsidiaries, net of tax		—			—		(1.6	)		—			(1.6	)

Comprehensive income (loss) attributable to AECOM, net of tax	$	220.3		$	179.6	$	129.1		$	(394.4	)	$	134.6

	For the Fiscal Year Ended September 30, 2013
	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Net income (loss)	$	239.3	$	178.8	$	217.3		$	(392.2	)	$	243.2
Other comprehensive income (loss), net of tax:
Net unrealized gain on derivatives, net of tax		1.6		—		—			—			1.6
Foreign currency translation adjustments		—		—		(70.5	)		—			(70.5	)
Pension adjustments, net of tax		19.1		—		(33.7	)		—			(14.6	)

Other comprehensive income (loss), net of tax		20.7		—		(104.2	)		—			(83.5	)

Comprehensive income (loss), net of tax		260.0		178.8		113.1			(392.2	)		159.7
Noncontrolling interests in comprehensive income of consolidated subsidiaries, net of tax		—		—		(2.6	)		—			(2.6	)

Comprehensive income (loss) attributable to AECOM, net of tax	$	260.0	$	178.8	$	110.5		$	(392.2	)	$	157.1

Schedule on Condensed Consolidating Cash Flow Statements

Condensed Consolidating Statements of Cash Flows
(in millions)

	For the Fiscal Year Ended September 30, 2015
	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES	$	(551.2	)	$	816.9		$	498.7		$	—		$	764.4
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for business acquisitions, net of cash acquired		(3,564.2	)		109.2			161.7			—			(3,293.3	)
Proceeds from disposal of businesses and property		9.5			5.6			—			—			15.1
Net investment in unconsolidated joint ventures		—			(4.0	)		(28.7	)		—			(32.7	)
Sales (purchases) of investments		37.3			—			(2.7	)		—			34.6
Payments for capital expenditures, net of disposals		(51.9	)		(15.8	)		(1.7	)		—			(69.4	)
Receipts from intercompany notes receivables		95.6			128.6			—			(224.2	)		—
Other intercompany investing activities		1,085.8			160.9			—			(1,246.7	)		—

Net cash (used in) provided by investing activities		(2,387.9	)		384.5			128.6			(1,470.9	)		(3,345.7	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under credit agreements		6,464.6			29.9			87.2			—			6,581.7
Repayments of borrowings under credit agreements		(5,031.9	)		(31.2	)		(95.2	)		—			(5,158.3	)
Issuance of unsecured senior notes		1,600.0			—			—			—			1,600.0
Prepayment penalty on Unsecured Senior Notes		(55.6	)		—			—			—			(55.6	)
Cash paid for debt and equity issuance costs		(89.6	)		—			—			—			(89.6	)
Proceeds from issuance of common stock		25.6			—			—			—			25.6
Proceeds from exercise of stock options		11.1			—			—			—			11.1
Payments to repurchase common stock		(23.1	)		—			—			—			(23.1	)
Excess tax benefit from share-based payment		3.6			—			—			—			3.6
Net distributions to noncontrolling interests		—			—			(144.3	)		—			(144.3	)
Other financing activities		2.3			(4.1	)		(29.5	)		—			(31.3	)
Intercompany notes repayments		—			—			(224.2	)		224.2			—
Other intercompany financing activities		—			(1,119.4	)		(127.3	)		1,246.7			—

Net cash provided by (used in) financing activities		2,907.0			(1,124.8	)		(533.3	)		1,470.9			2,719.8

EFFECT OF EXCHANGE RATE CHANGES ON CASH		—			—			(28.8	)		—			(28.8	)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS		(32.1	)		76.6			65.2			—			109.7
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		33.4			85.8			455.0			—			574.2

CASH AND CASH EQUIVALENTS AT END OF YEAR	$	1.3		$	162.4		$	520.2		$	—		$	683.9

	For the Fiscal Year Ended September 30, 2014
	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES	$	(33.3	)	$	206.5		$	187.4		$	—		$	360.6
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for business acquisitions, net of cash acquired		—			(55.0	)		1.9			—			(53.1	)
Cash acquired from consolidation of joint venture		—			—			19.0			—			19.0
Proceeds from disposal of businesses and property		—			—			3.6			—			3.6
Net investment in unconsolidated joint ventures		—			9.4			(61.6	)		—			(52.2	)
Sale of investments		—			—			2.7			—			2.7
Payments for capital expenditures, net of disposals		(14.3	)		(17.8	)		(30.7	)		—			(62.8	)
Receipts from intercompany notes receivables		146.7			—			—			(146.7	)		—
Other intercompany investing activities		116.7			55.7			—			(172.4	)		—

Net cash provided by (used in) investing activities		249.1			(7.7	)		(65.1	)		(319.1	)		(142.8	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under credit agreements		1,769.3			—			39.9			—			1,809.2
Repayments of borrowings under credit agreements		(1,918.6	)		(15.8	)		(42.0	)		—			(1,976.4	)
Cash paid for debt and equity issuance costs		(8.1	)		—			—			—			(8.1	)
Proceeds from issuance of common stock		13.9			—			—			—			13.9
Proceeds from exercise of stock options		13.4			—			—			—			13.4
Payments to repurchase common stock		(34.9	)		—			—			—			(34.9	)
Excess tax benefit from share-based payment		0.7			—			—			—			0.7
Net distributions to noncontrolling interests		—			—			(30.2	)		—			(30.2	)
Other financing activities		(22.5	)		0.8			0.3			—			(21.4	)
Intercompany notes repayments		—			—			(146.7	)		146.7			—
Other intercompany financing activities		—			(178.2	)		5.8			172.4			—

Net cash used in financing activities		(186.8	)		(193.2	)		(172.9	)		319.1			(233.8	)

EFFECT OF EXCHANGE RATE CHANGES ON CASH		—			—			(10.5	)		—			(10.5	)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		29.0			5.6			(61.1	)		—			(26.5	)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		4.4			80.2			516.1			—			600.7

CASH AND CASH EQUIVALENTS AT END OF YEAR	$	33.4		$	85.8		$	455.0		$	—		$	574.2

	For the Fiscal Year Ended September 30, 2013
	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES	$	(25.8	)	$	134.0		$	300.4		$	—		$	408.6
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for business acquisitions, net of cash acquired		—			—			(42.0	)		—			(42.0	)
Proceeds from disposal of businesses and property		—			—			2.7			—			2.7
Net investment in unconsolidated joint ventures		—			2.6			(26.4	)		—			(23.8	)
Purchases of investments		—			—			(24.3	)		—			(24.3	)
Payments for capital expenditures, net of disposals		(9.8	)		(17.5	)		(24.8	)		—			(52.1	)
Receipts from intercompany notes receivable		116.2			—			—			(116.2	)		—
Other intercompany investing activities		120.9			48.7			—			(169.6	)		—

Net cash provided by (used in) investing activities		227.3			33.8			(114.8	)		(285.8	)		(139.5	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under credit agreements		2,234.5			15.8			0.4			—			2,250.7
Repayments of borrowings under credit agreements		(2,145.7	)		(2.5	)		(7.1	)		—			(2,155.3	)
Cash paid for debt and equity issuance costs		(1.6	)		—			—			—			(1.6	)
Proceeds from issuance of common stock		14.0			—			—			—			14.0
Proceeds from exercise of stock options		14.4			—			—			—			14.4
Payments to repurchase common stock		(388.1	)		—			—			—			(388.1	)
Excess tax benefit from share-based payment		1.7			—			—			—			1.7
Net distributions to noncontrolling interests		—			—			(18.5	)		—			(18.5	)
Other financing activities		29.4			(0.5	)		(0.6	)		—			28.3
Intercompany notes repayments		—			—			(116.2	)		116.2			—
Other intercompany financing activities		—			(147.8	)		(21.8	)		169.6			—

Net cash used in financing activities		(241.4	)		(135.0	)		(163.8	)		285.8			(254.4	)

EFFECT OF EXCHANGE RATE CHANGES ON CASH		—			—			(7.8	)		—			(7.8	)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS		(39.9	)		32.8			14.0			—			6.9
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		44.3			47.4			502.1			—			593.8

CASH AND CASH EQUIVALENTS AT END OF YEAR	$	4.4		$	80.2		$	516.1		$	—		$	600.7