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Quarterly Financial Information-Unaudited

12 Months Ended

Sep. 30, 2020

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 2020:	Quarter		Quarter		Quarter		Quarter

	(in millions, except per share data)
Revenue	$	3,235.6	$	3,245.7	$	3,189.7	$	3,569.0
Cost of revenue		3,069.8		3,076.9		3,004.6		3,379.1
Gross profit		165.8		168.8		185.1		189.9

Equity in earnings of joint ventures		9.9		13.5		8.6		16.8
General and administrative expenses		(43.6)		(41.0)		(54.5)		(49.5)
Restructuring costs		(44.9)		(31.2)		(20.3)		(91.9)
Income from operations		87.2		110.1		118.9		65.3

Other income		4.0		2.4		3.1		1.6
Interest expense		(40.4)		(37.1)		(35.0)		(47.5)
Income from continuing operations before taxes		50.8		75.4		87.0		19.4
Income tax expense (benefit) for continuing operations		15.9		21.7		(7.2)		15.3
Net income from continuing operations		34.9		53.7		94.2		4.1
Net income (loss) from discontinued operations		18.2		(130.7)		(0.1)		(228.0)
Net income (loss)		53.1		(77.0)		94.1		(223.9)

Net income attributable to noncontrolling interests from continuing operations		(4.0)		(5.2)		(3.1)		(4.2)
Net income attributable to noncontrolling interests from discontinued operations		(8.5)		(3.9)		(1.6)		(2.2)
Net income attributable to noncontrolling interests		(12.5)		(9.1)		(4.7)		(6.4)

Net income (loss) attributable to AECOM from continuing operations		30.9		48.5		91.1		(0.1)
Net income (loss) attributable to AECOM from discontinued operations		9.7		(134.6)		(1.7)		(230.2)
Net income (loss) attributable to AECOM	$	40.6	$	(86.1)	$	89.4	$	(230.3)

Net income attributable to AECOM per share:
Basic continuing operations per share	$	0.20	$	0.31	$	0.57	$	—
Basic discontinued operations per share	$	0.06	$	(0.85)	$	(0.01)	$	(1.44)
Basic earnings per share	$	0.26	$	(0.54)	$	0.56	$	(1.44)

Diluted continuing operations per share	$	0.19	$	0.30	$	0.56	$	—
Diluted discontinued operations per share	$	0.06	$	(0.84)	$	(0.01)	$	(1.44)
Diluted earnings per share	$	0.25	$	(0.54)	$	0.55	$	(1.44)

Weighted average shares outstanding:
Basic		157.3		158.6		160.1		160.0
Diluted		160.6		160.7		161.8		160.0


	First		Second		Third		Fourth
Fiscal Year 2019:	Quarter		Quarter		Quarter		Quarter

	(in millions, except per share data)
Revenue	$	3,356.3	$	3,412.6	$	3,360.2	$	3,513.4
Cost of revenue		3,232.9		3,267.8		3,206.4		3,323.7
Gross profit		123.4		144.8		153.8		189.7

Equity in earnings of joint ventures		6.6		16.6		9.2		16.9
General and administrative expenses		(35.9)		(37.4)		(37.5)		(37.4)
Restructuring costs		(63.3)		(15.9)		—		(16.2)
Impairment of long-lived assets		—		—		—		(24.9)
Gain on disposal activities		—		—		—		3.6
Income from operations		30.8		108.1		125.5		131.7

Other income		3.0		3.8		4.3		3.5
Interest expense		(39.4)		(41.4)		(40.5)		(40.2)
(Loss) income from continuing operations before taxes		(5.6)		70.5		89.3		95.0
Income tax (benefit) expense for continuing operations		(42.5)		12.2		27.2		16.6
Net income from continuing operations		36.9		58.3		62.1		78.4
Net income (loss) from discontinued operations		28.2		35.2		43.3		(526.4)
Net income (loss)		65.1		93.5		105.4		(448.0)

Net income attributable to noncontrolling interests from continuing operations		(4.9)		(6.9)		(6.1)		(6.8)
Net income attributable to noncontrolling interests from discontinued operations		(8.6)		(8.8)		(15.6)		(19.4)
Net income attributable to noncontrolling interests		(13.5)		(15.7)		(21.7)		(26.2)

Net income (loss) attributable to AECOM from continuing operations		32.0		51.4		56.0		71.6
Net income (loss) attributable to AECOM from discontinued operations		19.6		26.4		27.7		(545.8)
Net income (loss) attributable to AECOM	$	51.6	$	77.8	$	83.7	$	(474.2)
Net income (loss) attributable to AECOM per share:
Basic continuing operations per share	$	0.20	$	0.33	$	0.36	$	0.45
Basic discontinued operations per share	$	0.13	$	0.17	$	0.17	$	(3.46)
Basic earnings per share	$	0.33	$	0.50	$	0.53	$	(3.01)

Diluted continuing operations per share	$	0.20	$	0.32	$	0.35	$	0.44
Diluted discontinued operations per share	$	0.12	$	0.17	$	0.17	$	(3.39)
Diluted earnings per share	$	0.32	$	0.49	$	0.52	$	(2.95)

Weighted average shares outstanding:
Basic		156.4		156.6		157.4		157.7
Diluted		159.6		158.4		159.8		160.9