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Quarterly Financial Information-Unaudited | 12 Months Ended
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Sep. 30, 2018
Quarterly Financial Information-Unaudited |
Quarterly Financial Information-Unaudited | 21. Quarterly Financial Information—Unaudited In the opinion of management, the following unaudited quarterly data reflects all adjustments necessary for a fair statement of the results of operations. All such adjustments are of a normal recurring nature.
|  | First |  | Second |  | Third |  | Fourth
Fiscal Year 2018: |  | Quarter |  | Quarter |  | Quarter |  | Quarter
|  | (in millions, except per share data)
Revenue |  | $ | 4,910.8 |  | $ | 4,790.9 |  | $ | 5,148.0 |  | $ | 5,305.8
Cost of revenue |  |  | 4,774.6 |  |  | 4,649.7 |  |  | 4,962.8 |  |  | 5,117.8
Gross profit |  |  | 136.2 |  |  | 141.2 |  |  | 185.2 |  |  | 188.0
Equity in earnings of joint ventures |  |  | 29.7 |  |  | 13.1 |  |  | 12.8 |  |  | 25.5
General and administrative expenses |  |  | (34.7) |  |  | (30.2) |  |  | (35.1) |  |  | (35.7)
Impairment of assets held for sale, including goodwill |  |  | — |  |  | (168.2) |  |  | — |  |  | —
Loss on disposal activities |  |  | — |  |  | — |  |  | (2.1) |  |  | (0.8)
Income (loss) from operations |  |  | 131.2 |  |  | (44.1) |  |  | 160.8 |  |  | 177.0
Other income |  |  | 2.3 |  |  | 12.5 |  |  | 2.7 |  |  | 2.6
Interest expense |  |  | (56.2) |  |  | (100.5) |  |  | (55.3) |  |  | (55.5)
Income (loss) before income tax (benefit) expense |  |  | 77.3 |  |  | (132.1) |  |  | 108.2 |  |  | 124.1
Income tax (benefit) expense |  |  | (47.1) |  |  | (24.4) |  |  | 33.1 |  |  | 18.7
Net income (loss) |  |  | 124.4 |  |  | (107.7) |  |  | 75.1 |  |  | 105.4
Noncontrolling interest in income of consolidated subsidiaries, net of tax |  |  | (13.1) |  |  | (12.0) |  |  | (14.2) |  |  | (21.4)
Net income (loss) attributable to AECOM |  | $ | 111.3 |  | $ | (119.7) |  | $ | 60.9 |  | $ | 84.0
Net income (loss) attributable to AECOM per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.70 |  | $ | (0.75) |  | $ | 0.38 |  | $ | 0.53
Diluted |  | $ | 0.69 |  | $ | (0.75) |  | $ | 0.37 |  | $ | 0.52
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 157.9 |  |  | 159.5 |  |  | 160.4 |  |  | 158.6
Diluted |  |  | 161.8 |  |  | 159.5 |  |  | 163.2 |  |  | 161.8
|  | First |  | Second |  | Third |  | Fourth
Fiscal Year 2017: |  | Quarter |  | Quarter |  | Quarter |  | Quarter
|  | (in millions, except per share data)
Revenue |  | $ | 4,358.3 |  | $ | 4,427.2 |  | $ | 4,561.5 |  | $ | 4,856.4
Cost of revenue |  |  | 4,188.3 |  |  | 4,258.8 |  |  | 4,386.3 |  |  | 4,686.3
Gross profit |  |  | 170.0 |  |  | 168.4 |  |  | 175.2 |  |  | 170.1
Equity in earnings of joint ventures |  |  | 21.4 |  |  | 21.8 |  |  | 66.5 |  |  | 31.9
General and administrative expenses |  |  | (32.6) |  |  | (29.9) |  |  | (34.0) |  |  | (36.9)
Acquisition and integration expenses |  |  | (15.4) |  |  | (20.0) |  |  | — |  |  | (3.3)
Gain on disposal activities |  |  | — |  |  | 0.6 |  |  | — |  |  | —
Income from operations |  |  | 143.4 |  |  | 140.9 |  |  | 207.7 |  |  | 161.8
Other income |  |  | 0.8 |  |  | 1.3 |  |  | 2.1 |  |  | 2.5
Interest expense |  |  | (53.6) |  |  | (61.8) |  |  | (61.6) |  |  | (54.3)
Income before income tax expense (benefit) |  |  | 90.6 |  |  | 80.4 |  |  | 148.2 |  |  | 110.0
Income tax expense (benefit) |  |  | 24.8 |  |  | (35.4) |  |  | 12.1 |  |  | 6.2
Net income |  |  | 65.8 |  |  | 115.8 |  |  | 136.1 |  |  | 103.8
Noncontrolling interest in income of consolidated subsidiaries, net of tax |  |  | (18.6) |  |  | (13.4) |  |  | (34.8) |  |  | (15.3)
Net income attributable to AECOM |  | $ | 47.2 |  | $ | 102.4 |  | $ | 101.3 |  | $ | 88.5
Net income attributable to AECOM per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.31 |  | $ | 0.66 |  | $ | 0.65 |  | $ | 0.56
Diluted |  | $ | 0.30 |  | $ | 0.65 |  | $ | 0.64 |  | $ | 0.55
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 154.3 |  |  | 155.4 |  |  | 155.8 |  |  | 157.5
Diluted |  |  | 158.0 |  |  | 158.7 |  |  | 158.8 |  |  | 161.1

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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