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Reportable Segments
 6 Months Ended
Mar. 31, 2018
Reportable Segments  
Reportable Segments

 

15.Reportable Segments

 

The Company’s operations are organized into four reportable segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). During the third quarter of fiscal 2017, operating activities of ACAP achieved a level of significance sufficient to warrant disclosure as a separate reportable segment. Prior to the third quarter of fiscal 2017, ACAP’s operating results were included in the corporate segment, and comparable periods were reclassified to reflect the change. 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, technical assistance, and systems integration and information technology services, primarily for agencies of the U.S. government. The Company’s ACAP segment invests in real estate, public-private partnership (P3) and infrastructure projects. 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

 

AECOM
Capital

 

Corporate

 

Total

 

 

 

(in millions)

 

Three Months Ended March 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
2,004.7

 

$
1,888.3

 

$
897.9

 

$

—

 

$

—

 

$
4,790.9

 

Gross profit

 
120.3

 
(13.3

)
34.2

 

—

 

—

 
141.2

 

Equity in earnings of joint ventures

 
2.8

 
1.2

 
9.1

 

—

 

—

 
13.1

 

General and administrative expenses

 

—

 

—

 

—

 
(2.9

)
(27.3

)
(30.2

)

Impairment of assets held for sale, including goodwill

 

—

 
(168.2

)

—

 

—

 

—

 
(168.2

)

Operating income

 
123.1

 
(180.3

)
43.3

 
(2.9

)
(27.3

)
(44.1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 
6.0

%
(0.7

)%
3.8

%

—

 

—

 
2.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
1,867.5

 

$
1,732.7

 

$
827.0

 

$

—

 

$

—

 

$
4,427.2

 

Gross profit

 
106.1

 
20.4

 
41.9

 

—

 

—

 
168.4

 

Equity in earnings of joint ventures

 
6.0

 
5.3

 
10.5

 

—

 

—

 
21.8

 

General and administrative expenses

 

—

 

—

 

—

 
(1.8

)
(28.1

)
(29.9

)

Acquisition and integration expenses

 

—

 

—

 

—

 

—

 
(20.0

)
(20.0

)

Gain on disposal activities

 
0.6

 

—

 

—

 

—

 

—

 
0.6

 

Operating income

 
112.7

 
25.7

 
52.4

 
(1.8

)
(48.1

)
140.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 
5.7

%
1.2

%
5.1

%

—

 

—

 
3.8

%

 

Reportable Segments:

 

Design and
Consulting
Services

 

Construction
Services

 

Management
Services

 

AECOM
Capital

 

Corporate

 

Total

 

 

 

(in millions)

 

Six Months Ended March 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
3,946.6

 

$
4,013.8

 

$
1,741.3

 

$

—

 

$

—

 

$
9,701.7

 

Gross profit

 
198.1

 
13.8

 
65.5

 

—

 

—

 
277.4

 

Equity in earnings of joint ventures

 
10.3

 
14.6

 
17.9

 

—

 

—

 
42.8

 

General and administrative expenses

 

—

 

—

 

—

 
(5.5

)
(59.4

)
(64.9

)

Impairment of assets held for sale, including goodwill

 

—

 
(168.2

)

—

 

—

 

—

 
(168.2

)

Operating income

 
208.4

 
(139.8

)
83.4

 
(5.5

)
(59.4

)
87.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 
5.0

%
0.3

%
3.8

%

—

 

—

 
2.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended March 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
3,708.3

 

$
3,482.9

 

$
1,594.3

 

$

—

 

$

—

 

$
8,785.5

 

Gross profit

 
201.3

 
34.2

 
102.9

 

—

 

—

 
338.4

 

Equity in earnings of joint ventures

 
10.1

 
9.6

 
23.5

 

—

 

—

 
43.2

 

General and administrative expenses

 

—

 

—

 

—

 
(4.5

)
(58.0

)
(62.5

)

Acquisition and integration expenses

 

—

 

—

 

—

 

—

 
(35.4

)
(35.4

)

Gain on disposal activities

 
0.6

 

—

 

—

 

—

 

—

 
0.6

 

Operating income

 
212.0

 
43.8

 
126.4

 
(4.5

)
(93.4

)
284.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit as a % of revenue

 
5.4

%
1.0

%
6.5

%

—

 

—

 
3.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reportable Segments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2018

 

$
7,112.5

 

$
4,175.2

 

$
2,636.4

 

$
208.4

 

$
484.8

 

$
14,617.3

 

September 30, 2017

 
6,992.6

 
4,114.5

 
2,704.6

 
199.1

 
386.2

 
14,397.0