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Joint Ventures and Variable Interest Entities (Tables)
3 Months Ended
Dec. 31, 2018
Joint Ventures and Variable Interest Entities  
Summary of financial information of the consolidated joint ventures

 

 

 

 

 

 

 

 

 

December 31, 

 

 

 

 

    

2018

    

September 30, 

 

 

(unaudited)

 

2018

 

 

(in millions)

Current assets

 

$

906.8

 

$

1,013.7

Non-current assets

 

 

183.4

 

 

192.7

Total assets

 

$

1,090.2

 

$

1,206.4

 

 

 

 

 

 

 

Current liabilities

 

$

645.9

 

$

724.2

Non-current liabilities

 

 

14.5

 

 

12.7

Total liabilities

 

 

660.4

 

 

736.9

Total AECOM equity

 

 

257.9

 

 

284.2

Noncontrolling interests

 

 

171.9

 

 

185.3

Total owners’ equity

 

 

429.8

 

 

469.5

Total liabilities and owners’ equity

 

$

1,090.2

 

$

1,206.4

 

Summary of financial information of the unconsolidated joint ventures, as derived from their unaudited financial statements

 

 

 

 

 

 

 

 

 

December 31, 

 

September 30, 

 

    

2018

    

2018

 

 

(in millions)

Current assets

 

$

1,778.8

 

$

1,903.3

Non-current assets

 

 

994.8

 

 

938.3

Total assets

 

$

2,773.6

 

$

2,841.6

 

 

 

 

 

 

 

Current liabilities

 

$

1,592.7

 

$

1,658.5

Non-current liabilities

 

 

182.1

 

 

224.3

Total liabilities

 

 

1,774.8

 

 

1,882.8

Joint ventures’ equity

 

 

998.8

 

 

958.8

Total liabilities and joint ventures’ equity

 

$

2,773.6

 

$

2,841.6

 

 

 

 

 

 

 

AECOM’s investment in joint ventures

 

$

341.0

 

$

310.7

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

December 31, 

 

December 31, 

 

    

2018

    

2017

 

 

(in millions)

Revenue

 

$

1,162.2

 

$

1,478.6

Cost of revenue

 

 

1,127.8

 

 

1,395.2

Gross profit

 

$

34.4

 

$

83.4

Net income

 

$

32.4

 

$

82.1

 

Summary of AECOM's equity in earnings of unconsolidated joint ventures

 

 

 

 

 

 

 

 

 

Three Months Ended

 

    

December 31, 

    

December 31, 

 

    

2018

    

2017

 

 

(in millions)

Pass through joint ventures

 

$

9.1

 

$

13.2

Other joint ventures

 

 

3.4

 

 

16.5

Total

 

$

12.5

 

$

29.7