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Business Acquisitions, Goodwill and Intangible Assets (Tables)

12 Months Ended

Sep. 30, 2016

Business Acquisitions, Goodwill and Intangible Assets

Schedule of estimated fair values of URS 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		$	284.9
Accounts receivable			2,512.8
Prepaid expenses and other current assets			421.0
Property and equipment			570.9
Identifiable intangible assets:
Customer relationships, contracts and backlog			973.8
Tradename			7.8
​	​	​	​	​
Total identifiable intangible assets			981.6
Goodwill			4,059.8
Other non-current assets			329.8
Accounts payable			(656.7	)
Accrued expenses and other current liabilities			(1,403.7	)
Billings in excess of costs on uncompleted contracts			(398.8	)
Current portion of long-term debt			(47.4	)
Other long-term liabilities			(406.1	)
Pension benefit obligations			(406.3	)
Long-term debt			(520.2	)
Noncontrolling interests			(201.0	)
​	​	​	​	​
Net assets acquired		$	5,120.6
​	​	​	​	​
​	​	​	​	​

Schedule of pro forma operating results

		Twelve Months Ended
		Sept 30, 2015			Sept 30, 2014
		(in millions)
Revenue		$	18,288		$	18,776
Income from continuing operations			509			(144	)
Net income			325			1
Net income (loss) attributable to AECOM			229			(65	)
Net income (loss) attributable to AECOM per share:
Basic		$	1.51		$	(0.43	)
Diluted		$	1.50		$	(0.43	)

Schedule of acquisition and integration expenses

        Acquisition and integration expenses, resulting from the acquisition of URS, in the accompanying consolidated statements of operations comprised of the following (in millions):

		Twelve Months Ended
		Sept 30, 2016			Sept 30, 2015
Severance and personnel costs		$	23.4		$	223.8
Professional service, real estate-related, and other expenses			190.2			174.6
​	​	​	​	​	​	​	​
Total		$	213.6		$	398.4
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Schedule of acquired intangible assets from acquisitions

		Fiscal Year Ended
		September 30, 2015			September 30, 2014
		(in millions)
Cash acquired		$	0.6		$	17.1
Other current assets			13.8			256.2
Identifiable intangible assets:
Customer relationships, contracts and backlog			1.3			10.4
Trademark / tradename			—			1.5
​	​	​	​	​	​	​	​
Total intangible assets		$	1.3		$	11.9
​	​	​	​	​	​	​	​
Goodwill			23.6			72.7
Other non-current assets			—			16.5
Current liabilities			(12.0	)		(274.1	)
Non-current liabilities			—			(11.8	)
​	​	​	​	​	​	​	​
Net assets acquired		$	27.3		$	88.5
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Schedule of consideration for acquisitions

		Fiscal Year Ended
		September 30, 2015			September 30, 2014
		(in millions)
Cash paid		$	4.8		$	70.2
Contingent consideration / promissory notes			22.5			18.3
​	​	​	​	​	​	​	​
Total consideration		$	27.3		$	88.5
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

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

Fiscal Year 2016

September 30, 2015

Post- Acquisition Adjustments

Foreign Exchange Impact

Disposed

September 30, 2016

(in millions)

Design and Consulting Services

$

3,163.3

$

26.7

$

8.2

$

—

$

3,198.2

Construction Services

918.5

8.7

(0.7

)

(11.3

)

915.2

Management Services

1,738.9

4.0

(32.5

)

—

1,710.4

​

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​

​

Total

$

5,820.7

$

39.4

$

(25.0

)

$

(11.3

)

$

5,823.8

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Fiscal Year 2015

September 30, 2014

Post- Acquisition Adjustments

Foreign Exchange Impact

Acquired

September 30, 2015

(in millions)

Design and Consulting Services

$

1,479.2

$

5.5

$

(96.0

)

$

1,774.6

$

3,163.3

Construction Services

276.9

0.6

(34.0

)

675.0

918.5

Management Services

181.2

—

(38.1

)

1,595.8

1,738.9

​

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​

​

​

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​

​

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​

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​

​

Total

$

1,937.3

$

6.1

$

(168.1

)

$

4,045.4

$

5,820.7

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Schedule of finite-lived intangible assets by major class

September 30, 2016

September 30, 2015

Gross Amount

Accumulated Amortization

Intangible Assets, Net

Gross Amount

Accumulated Amortization

Intangible Assets, Net

Amortization Period (years)

(in millions)

Backlog and customer relationships

$

1,247.1

$

(767.7

)

$

479.4

$

1,224.7

$

(565.3

)

$

659.4

1 - 11

Trademark / tradename

16.4

(16.4

)

—

16.4

(16.4

)

—

0.3 - 2

​

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​

​

​

​

Total

$

1,263.5

$

(784.1

)

$

479.4

$

1,241.1

$

(581.7

)

$

659.4

​

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Schedule of estimated future amortization expense of intangible assets

Fiscal Year		(in millions)
2017		$	96.3
2018			82.1
2019			76.7
2020			64.8
2021			55.1
Thereafter			104.4
​	​	​	​	​
Total		$	479.4
​	​	​	​	​
​	​	​	​	​

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