XML 28 R28.htm IDEA: XBRL DOCUMENT

Quarterly Financial Information-Unaudited

12 Months Ended

Sep. 30, 2019

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 2019:	Quarter		Quarter		Quarter		Quarter
	(in millions, except per share data)
Revenue	$	5,037.5	$	5,040.0	$	4,980.2	$	5,115.6
Cost of revenue		4,866.9		4,844.6		4,771.0		4,877.4
Gross profit		170.6		195.4		209.2		238.2
Equity in earnings of joint ventures		12.5		25.9		28.6		14.0
General and administrative expenses		(35.9)		(37.4)		(37.5)		(37.3)
Restructuring costs		(63.3)		(15.9)		—		(16.2)
Loss on disposal activities		—		—		(7.4)		(3.0)
Impairment of long-lived assets, including goodwill		—		—		—		(615.4)
Income (loss) from operations		83.9		168.0		192.9		(419.7)
Other income		3.6		4.3		4.8		4.1
Interest expense		(56.0)		(57.9)		(55.7)		(56.4)
Income (loss) before income tax (benefit) expense		31.5		114.4		142.0		(472.0)
Income tax (benefit) expense		(33.6)		20.9		36.6		(24.0)
Net income (loss)		65.1		93.5		105.4		(448.0)
Noncontrolling interest in income of consolidated subsidiaries, net of tax		(13.6)		(15.6)		(21.7)		(26.2)
Net income (loss) attributable to AECOM	$	51.5	$	77.9	$	83.7	$	(474.2)
Net income (loss) attributable to AECOM per share:
Basic	$	0.33	$	0.50	$	0.53	$	(3.01)
Diluted	$	0.32	$	0.49	$	0.52	$	(3.01)
Weighted average common shares outstanding:
Basic		156.4		156.6		157.4		157.7
Diluted		159.6		158.4		159.8		157.7


	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)
Loss on disposal activities		—		—		(2.1)		(0.8)
Impairment of assets held for sale, including goodwill		—		(168.2)		—		—
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