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Reportable Segments
 3 Months Ended
Dec. 31, 2016
Reportable Segments  
Reportable Segments

 

15.Reportable Segments

 

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.

 

During the first quarter of fiscal year 2017, an operation and maintenance related entity previously reported within the CS segment was realigned within the MS segment to reflect present management oversight. Accordingly, approximately $33 million of revenue and $32 million of cost of revenue was reclassified for the quarter ended December 31, 2015 to conform to the current period presentation.

 

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 December 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
1,840.8

 

$
1,750.2

 

$
767.3

 

$

—

 

$
4,358.3

 

Gross profit

 
95.2

 
13.8

 
61.0

 

—

 
170.0

 

Equity in earnings of joint ventures

 
4.1

 
4.3

 
13.0

 

—

 
21.4

 

General and administrative expenses

 

—

 

—

 

—

 
(32.6

)
(32.6

)

Acquisition and integration expenses

 

—

 

—

 

—

 
(15.4

)
(15.4

)

Operating income

 
99.3

 
18.1

 
74.0

 
(48.0

)
143.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 
5.2

%
0.8

%
7.9

%

—

 
3.9

%

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
1,862.1

 

$
1,678.6

 

$
757.0

 

$

—

 

$
4,297.7

 

Gross profit

 
79.3

 
11.4

 
50.2

 

—

 
140.9

 

Equity in earnings of joint ventures

 
3.0

 
2.6

 
19.6

 

—

 
25.2

 

General and administrative expenses

 

—

 

—

 

—

 
(28.7

)
(28.7

)

Acquisition and integration expenses

 

—

 

—

 

—

 
(41.0

)
(41.0

)

Loss on disposal activities

 

—

 
(41.0

)

—

 

—

 
(41.0

)

Operating income

 
82.3

 
(27.0

)
69.8

 
(69.7

)
55.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 
4.3

%
0.7

%
6.6

%

—

 
3.3

%

 

Reportable Segments:

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

$
6,646.1 

 

$
3,516.1 

 

$
2,631.9 

 

$
714.9 

 

$
13,509.0 

 

September 30, 2016

 
6,655.7 

 
3,556.2 

 
2,692.7 

 
765.3 

 
13,669.9