XML 40 R22.htm IDEA: XBRL DOCUMENT v3.2.0.727
Reportable Segments
 9 Months Ended
Jun. 30, 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 June 30, 2015:

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
1,993.5

 

$
1,704.4

 

$
851.6

 

$

—

 

$
4,549.5

 

Gross profit

 
101.1

 
(10.4

)
35.9

 

—

 
126.6

 

Equity in earnings of joint ventures

 
3.0

 
6.4

 
18.3

 

—

 
27.7

 

General and administrative expenses

 

—

 

—

 

—

 
(24.4

)
(24.4

)

Acquisition and integration expenses

 

—

 

—

 

—

 
(88.5

)
(88.5

)

Operating income

 
104.1

 
(4.0

)
54.2

 
(112.9

)
41.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 
5.1

%
(0.6

)%
4.2

%

—

 
2.8

%

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2014:

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
1,339.8

 

$
413.6

 

$
214.8

 

$

—

 

$
1,968.2

 

Gross profit

 
92.7

 
4.4

 
11.4

 

—

 
108.5

 

Equity in earnings of joint ventures

 
1.0

 
1.2

 
3.8

 

—

 
6.0

 

General and administrative expenses

 

—

 

—

 

—

 
(15.1

)
(15.1

)

Acquisition and integration expenses

 

—

 

—

 

—

 
(7.8

)
(7.8

)

Operating income

 
93.7

 
5.6

 
15.2

 
(22.9

)
91.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 
6.9

%
1.1

%
5.3

%

—

 
5.5

%

 

Reportable Segments:

 

Design and
Consulting
Services

 

Construction
Services

 

Management
Services

 

Corporate

 

Total

 

 

 

(in millions)

 

Nine Months Ended June 30, 2015:

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
5,921.1

 

$
4,879.6

 

$
2,465.5

 

$

—

 

$
13,266.2

 

Gross profit

 
200.4

 
27.5

 
136.7

 

—

 
364.6

 

Equity in earnings of joint ventures

 
3.1

 
16.9

 
56.3

 

—

 
76.3

 

General and administrative expenses

 

—

 

—

 

—

 
(88.5

)
(88.5

)

Acquisition and integration expenses

 

—

 

—

 

—

 
(318.6

)
(318.6

)

Operating income

 
203.5

 
44.4

 
193.0

 
(407.1

)
33.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 
3.4

%
0.6

%
5.5

%

—

 
2.7

%

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended June 30, 2014:

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
3,948.1

 

$
1,181.2

 

$
665.0

 

$

—

 

$
5,794.3

 

Gross profit

 
223.0

 
15.4

 
35.7

 

—

 
274.1

 

Equity in earnings of joint ventures

 
33.4

 
3.3

 
12.8

 

—

 
49.5

 

General and administrative expenses

 

—

 

—

 

—

 
(65.4

)
(65.4

)

Acquisition and integration expenses

 

—

 

—

 

—

 
(7.8

)
(7.8

)

Operating income

 
256.4

 
18.7

 
48.5

 
(73.2

)
250.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 
5.6

%
1.3

%
5.4

%

—

 
4.7

%

 

Reportable Segments:

 

Design and
Consulting
Services

 

Construction
Services

 

Management
Services

 

Corporate

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

$
7,232.7 

 

$
3,182.2 

 

$
3,186.7 

 

$
634.5 

 

$
14,236.1 

 

September 30, 2014

 
4,064.5 

 
1,256.4 

 
437.5 

 
365.0 

 
6,123.4