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Reportable Segments
 6 Months Ended
Mar. 31, 2015
Reportable Segments  
Reportable Segments

16.Reportable Segments

 

As discussed in Note 1 — Basis of Presentation, in connection with the acquisition of URS, the Company’s reportable segments have been realigned to reflect how the Company now manages its business. Accordingly, prior year amounts have been revised to conform to the current year presentation.

 

The Company’s operations are organized into three reportable segments: Design and Consulting Services (DCS), Construction Services (CS), and Management Services (MS). The Company’s DCS reportable segment delivers planning, consulting, architectural, environmental, and engineering design services to commercial and government clients worldwide. The Company’s CS reportable segment provides construction services primarily in the Americas. The Company’s MS reportable segment provides program and facilities management and maintenance, training, logistics, consulting, and technical assistance and systems integration services, primarily for agencies of the U.S. government. These reportable segments are organized by the types of services provided, the differing specialized needs of the respective clients, and how the Company manages its business. The Company has aggregated various operating segments into its reportable segments based on their similar characteristics, including similar long term financial performance, the nature of services provided, internal processes for delivering those services, and types of customers.

 

The following tables set forth summarized financial information concerning the Company’s reportable segments:

 

Reportable Segments:

 

Design and
Consulting
Services

 

Construction
Services

 

Management
Services

 

Corporate

 

Total

 

 

 

(in millions)

 

Three Months Ended March 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
2,035.9

 

$
1,641.1

 

$
829.2

 

$

—

 

$
4,506.2

 

Gross profit

 
53.0

 
2.5

 
47.7

 

—

 
103.2

 

Equity in (losses) earnings of joint ventures

 
(1.4

)
4.7

 
21.4

 

—

 
24.7

 

General and administrative expenses

 

—

 

—

 

—

 
(29.8

)
(29.8

)

Acquisition and integration expenses

 

—

 

—

 

—

 
(91.6

)
(91.6

)

Operating income

 
51.6

 
7.2

 
69.1

 
(121.4

)
6.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 
2.6

%
0.2

%
5.8

%

—

 
2.3

%

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
1,306.9

 

$
338.9

 

$
226.4

 

$

—

 

$
1,872.2

 

Gross profit

 
76.4

 
7.0

 
4.0

 

—

 
87.4

 

Equity in (losses) earnings of joint ventures

 
(0.4

)
0.7

 
7.1

 

—

 
7.4

 

General and administrative expenses

 

—

 

—

 

—

 
(26.4

)
(26.4

)

Operating income

 
76.0

 
7.7

 
11.1

 
(26.4

)
68.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 
5.8

%
2.1

%
1.8

%

—

 
4.7

%

 

Reportable Segments:

 

Design and
Consulting
Services

 

Construction
Services

 

Management
Services

 

Corporate

 

Total

 

 

 

(in millions)

 

Six Months Ended March 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
3,927.6

 

$
3,175.2

 

$
1,613.9

 

$

—

 

$
8,716.7

 

Gross profit

 
99.4

 
37.8

 
100.8

 

—

 
238.0

 

Equity in earnings of joint ventures

 

—

 
10.6

 
38.0

 

—

 
48.6

 

General and administrative expenses

 

—

 

—

 

—

 
(64.1

)
(64.1

)

Acquisition and integration expenses

 

—

 

—

 

—

 
(230.1

)
(230.1

)

Operating income

 
99.4

 
48.4

 
138.8

 
(294.2

)
(7.6

)

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 
2.5

%
1.2

%
6.2

%

—

 
2.7

%

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended March 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
2,608.3

 

$
767.6

 

$
450.2

 

$

—

 

$
3,826.1

 

Gross profit

 
130.3

 
11.0

 
24.3

 

—

 
165.6

 

Equity in earnings of joint ventures

 
32.3

 
2.1

 
9.1

 

—

 
43.5

 

General and administrative expenses

 

—

 

—

 

—

 
(50.3

)
(50.3

)

Operating income

 
162.6

 
13.1

 
33.4

 
(50.3

)
158.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 
5.0

%
1.4

%
5.4

%

—

 
4.3

%

 

Reportable Segments:

 

Design and
Consulting
Services

 

Construction
Services

 

Management
Services

 

Corporate

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

$
7,179.6 

 

$
3,117.6 

 

$
3,114.9 

 

$
603.9 

 

$
14,016.0 

 

September 30, 2014

 
4,064.5 

 
1,256.4 

 
437.5 

 
365.0 

 
6,123.4