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Business Acquisitions, Goodwill and Intangible Assets (Tables)

3 Months Ended

Dec. 31, 2014

Business Acquisitions, Goodwill, and Intangible Assets

Schedule of estimated fair values of the assets acquired and liabilities assumed, as of the acquisition dates

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

Cash and cash equivalents	$	285.2
Accounts receivable	2,572.0
Prepaid expenses and other current assets	373.8
Property and equipment	609.2
Identifiable intangible assets:
Customer relationships, contracts and backlog	822.2
Tradename	7.8
Total identifiable intangible assets	830.0
Goodwill	3,801.0
Other non-current assets	347.1
Accounts payable	(750.2		)
Accrued expenses and other current liabilities	(1,091.4		)
Billings in excess of costs on uncompleted contracts	(196.1		)
Current portion of long-term debt	(47.4		)
Other long-term liabilities	(473.7		)
Pension and post-retirement benefit obligations	(402.1		)
Long-term debt	(520.2		)
Noncontrolling interests	(216.6		)
Net assets acquired	$	5,120.6

Schedule of pro forma operating results

	Three Months Ended
	December 31, 2014		December 31, 2013
	(in millions)
Revenue	$	4,546	$	4,615
Income from continuing operations	$	163	$	40
Net income (loss)	44		$	(57	)
Net income (loss) attributable to AECOM	$	21	$	(83	)
Net income (loss) attributable to AECOM per share:
Basic	$	0.14	$	(0.55	)
Diluted	$	0.14	$	(0.55	)

Schedule of acquisition and integration expenses

Acquisition and integration expenses in the accompanying consolidated statements of operations for the three months ended December 31, 2014 is comprised of the following (in millions):

Severance and personnel costs	$	109.3
Professional service, real estate-related, and other expenses	29.2
Total	$	138.5

Schedule of changes in the carrying value of goodwill by reportable segment

	September 30, 2014		Post- Acquisition Adjustments		Foreign Exchange Impact			Acquired		December 31, 2014
	(in millions)
Design and Consulting Services	$	1,479.2	$	5.3	$	(35.3	)	$	1,745.4	$	3,194.6
Construction Services	276.9		0.2		(8.3		)	404.0		672.8
Management Services	181.2		—		(28.4		)	1,651.6		1,804.4
Total	$	1,937.3	$	5.5	$	(72.0	)	$	3,801.0	$	5,671.8

	September 30, 2013		Post- Acquisition Adjustments		Foreign Exchange Impact			Acquired		December 31, 2013
	(in millions)
Design and Consulting Services	$	1,414.1	$	5.0	$	(10.2	)	$	78.2	$	1,487.1
Construction Services	216.5		—		—			—		216.5
Management Services	181.2		—		—			—		181.2
Total	$	1,811.8	$	5.0	$	(10.2	)	$	78.2	$	1,884.8

Schedule of finite-lived intangible assets by major class

	December 31, 2014							September 30, 2014
	Gross Amount		Accumulated Amortization			Intangible Assets, Net		Gross Amount		Accumulated Amortization			Intangible Assets, Net		Amortization Period
						(in millions)									(years)
Backlog and customer relationships	$	1,084.5	$	(226.8	)	$	857.7	$	271.6	$	(182.8	)	$	88.8	1 – 11
Trademark / tradename	17.0		(15.8		)	1.2		9.3		(7.9		)	1.4		2
Total	$	1,101.5	$	(242.6	)	$	858.9	$	280.9	$	(190.7	)	$	90.2

Schedule of estimated future amortization expense of intangible assets

Fiscal Year	(in millions)
2015 (nine months remaining)	$	152.6
2016	152.9
2017	83.6
2018	80.4
2019	79.5
Thereafter	309.9
Total	$	858.9