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Reportable Segments and Geographic Information
 12 Months Ended
Sep. 30, 2014
Reportable Segments and Geographic Information  
Reportable Segments and Geographic Information

 

21. Reportable Segments and Geographic Information

 

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 unaudited summarized financial information concerning the Company’s reportable segments:

 

Reportable Segments:

 

Design and
Consulting
Services

 

Construction
Services

 

Management
Services

 

Corporate

 

Total

 

Fiscal Year Ended September 30, 2014:

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
5,443.1

 

$
2,004.3

 

$
909.4

 

$

—

 

$
8,356.8

 

Cost of revenue

 
5,112.8

 
1,975.0

 
865.8

 

—

 
7,953.6

 

Gross profit

 
330.3

 
29.3

 
43.6

 

—

 
403.2

 

Equity in earnings of joint ventures

 
35.5

 
6.0

 
16.4

 

—

 
57.9

 

General and administrative expenses

 

—

 

—

 

—

 
(80.9

)
(80.9

)

Acquisition and integration expenses

 

—

 

—

 

—

 
(27.3

)
(27.3

)

Operating income (loss)

 
365.8

 
35.3

 
60.0

 
(108.2

)
352.9

 

Segment assets

 
4,064.5

 
1,256.4

 
437.5

 
365.0

 
6,123.4

 

Gross profit as a % of revenue

 
6.1

%
1.5

%
4.8

%

 

 
4.8

%

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended September 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
5,556.1

 

$
1,552.1

 

$
1,045.3

 

—

 

$
8,153.5

 

Cost of revenue

 
5,174.4

 
1,527.9

 
1,001.2

 

 

 
7,703.5

 

Gross profit

 
381.7

 
24.2

 
44.1

 

—

 
450.0

 

Equity in earnings of joint ventures

 
8.3

 
4.0

 
12.0

 

—

 
24.3

 

General and administrative expenses

 

—

 

—

 

—

 
(97.3

)
(97.3

)

Operating income (loss)

 
390.0

 
28.2

 
56.1

 
(97.3

)
377.0

 

Segment assets

 
1,945.9

 
1,183.4

 
2,296.2

 
240.1

 
5,665.6

 

Gross profit as a % of revenue

 
6.9

%
1.6

%
4.2

%

 

 
5.5

%

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended September 30, 2012:

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
5,773.6

 

$
1,391.6

 

$
1,053.0

 

—

 

$
8,218.2

 

Cost of revenue

 
5,374.8

 
1,370.2

 
1,051.3

 

 

 
7,796.3

 

Gross profit

 
398.8

 
21.4

 
1.7

 

—

 
421.9

 

Equity in earnings of joint ventures

 
10.9

 
5.8

 
31.9

 

—

 
48.6

 

General and administrative expenses

 

—

 

—

 

—

 
(80.9

)
(80.9

)

Goodwill impairment

 
(155.0

)

—

 
(181.0

)

—

 
(336.0

)

Operating income (loss)

 
254.7

 
27.2

 
(147.4

)
(80.9

)
53.6

 

Gross profit as a % of revenue

 
6.9

%
1.5

%
0.2

%

 

 
5.1

%

 

Geographic Information:

 

 

 

Fiscal Year Ended

 

 

 

September 30, 2014

 

September 30, 2013

 

September 30, 2012

 

 

 

Revenue

 

Long-Lived
Assets

 

Revenue

 

Long-Lived
Assets

 

Revenue

 

Long-Lived
Assets

 

 

 

(in millions)

 

United States

 

$
4,933.7

 
1,603.7

 

$
4,829.6

 
1,477.3

 

$
4,756.0

 
1,496.8

 

Asia Pacific

 
1,338.2

 
340.5

 
1,507.2

 
361.0

 
1,715.1

 
374.9

 

Canada

 
561.1

 
146.7

 
712.0

 
168.4

 
708.8

 
189.2

 

Europe

 
788.2

 
270.8

 
599.4

 
267.2

 
608.2

 
243.6

 

Other foreign countries

 
735.6

 
209.5

 
505.3

 
116.6

 
430.1

 
85.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
8,356.8

 
2,571.2

 

$
8,153.5

 
2,390.5

 

$
8,218.2

 
2,390.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Company attributes revenue by geography based on the external customer’s country of origin. Long-lived assets consist of noncurrent assets excluding deferred tax assets.