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Reportable Segments and Geographic Information

12 Months Ended

Sep. 30, 2019

Reportable Segments and Geographic Information

Reportable Segments and Geographic Information

19. Reportable Segments and Geographic Information

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, and engineering design services, program management and construction management for industrial, commercial, institutional and government clients worldwide. The Company’s CS reportable segment provides construction, program and construction management services, including building construction and energy, infrastructure and industrial construction, primarily in the Americas. The Company’s MS reportable segment provides program and

facilities management, environmental management, training, logistics, consulting, systems engineering and technical assistance, and systems integration and information technology, primarily for agencies of the U.S. government. The Company’s ACAP segment primarily invests in and develops real estate 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:


		Design and
		Consulting			Construction			Management			AECOM
Reportable Segments:		Services			Services			Services			Capital			Corporate			Total
		(in millions)
Fiscal Year Ended September 30, 2019:
Revenue		$	8,268.2		$	7,778.8		$	4,118.1		$	8.2		$	—		$	20,173.3
Gross profit			545.9			55.4			203.9			8.2			—			813.4
Equity in earnings of joint ventures			18.0			36.5			8.8			17.7			—			81.0
General and administrative expenses			—			—			—			(4.9)			(143.2)			(148.1)
Restructuring costs			—			—			—			—			(95.4)			(95.4)
Gain (loss) on disposal activities			3.6			(7.4)			(6.6)			—			—			(10.4)
Impairment of long-lived assets, including goodwill			(15.2)			(590.5)			—			—			(9.7)			(615.4)
Operating income (loss)			552.3			(506.0)			206.1			21.0			(248.3)			25.1
Segment assets			7,136.3			3,804.0			2,648.7			197.8			674.8			14,461.6
Gross profit as a % of revenue			6.6	%		0.7	%		5.0	%								4.0	%

Fiscal Year Ended September 30, 2018:
Revenue		$	8,223.1		$	8,238.9		$	3,693.5		$	—		$	—		$	20,155.5
Gross profit			439.2			40.4			171.0			—			—			650.6
Equity in earnings of joint ventures			15.8			21.5			28.6			15.2			—			81.1
General and administrative expenses			—			—			—			(11.2)			(124.5)			(135.7)
Loss on disposal activities			—			(2.9)			—			—			—			(2.9)
Impairment of assets held for sale, including goodwill			—			(168.2)			—			—			—			(168.2)
Operating income (loss)			455.0			(109.2)			199.6			4.0			(124.5)			424.9
Segment assets			7,013.8			4,212.0			2,701.2			140.6			613.5			14,681.1
Gross profit as a % of revenue			5.3	%		0.5	%		4.6	%								3.2	%

Fiscal Year Ended September 30, 2017:
Revenue		$	7,566.8		$	7,295.6		$	3,341.0		$	—		$	—		$	18,203.4
Gross profit			394.8			92.9			196.0			—			—			683.7
Equity in earnings of joint ventures			16.4			22.4			45.1			57.7			—			141.6
General and administrative expenses			—			—			—			(8.7)			(124.7)			(133.4)
Gain on disposal activities			0.6			—			—			—			—			0.6
Acquisition and integration expenses			—			—			—			—			(38.7)			(38.7)
Operating income			411.8			115.3			241.1			49.0			(163.4)			653.8
Segment assets			6,992.6			4,114.5			2,704.6			199.1			386.2			14,397.0
Gross profit as a % of revenue			5.2	%		1.3	%		5.9	%								3.8	%

Geographic Information:


		Fiscal Year Ended
Long-Lived Assets		September 30, 2019		September 30, 2018			September 30, 2017
		(in millions)
Americas		4,473.1			5,357.8			5,379.4
Europe, Middle East, Africa		1,797.2			1,759.5			1,781.1
Asia Pacific		412.5			369.2			382.9
Total		6,682.8			7,486.5			7,543.4

Long-lived assets consist of noncurrent assets excluding deferred tax assets.