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v3.20.1

Discontinued Operations, Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Mar. 31, 2020
Discontinued Operations, Goodwill and Intangible Assets |
Summarized results of the discontinued operation, included in the Company's results of operations | The following table represents summarized balance sheet information of assets and liabilities held for sale (in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, |  | September 30,
​ | ​ | 2020 | ​ | 2019
​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 131.3 | ​ | $ | 194.7
Receivables and contract assets | ​ |  | 646.5 | ​ |  | 1,326.6
Other | ​ |  | 22.0 | ​ |  | 112.0
Current assets held for sale | ​ | $ | 799.8 | ​ | $ | 1,633.3
​ | ​ | ​ | ​ | ​ | ​ | ​
Property and equipment, net | ​ | $ | 113.0 | ​ | $ | 153.8
Goodwill | ​ |  | — | ​ |  | 1,798.5
Other | ​ |  | 225.7 | ​ |  | 364.7
Non-current assets held for sale | ​ | $ | 338.7 | ​ | $ | 2,317.0
​ | ​ | ​ | ​ | ​ | ​ | ​
Accounts payable and accrued expenses | ​ | $ | 448.7 | ​ | $ | 1,056.0
Contract liabilities | ​ |  | 78.6 | ​ |  | 88.9
Other | ​ |  | 24.6 | ​ |  | 18.8
Current liabilities held for sale | ​ | $ | 551.9 | ​ | $ | 1,163.7
​ | ​ | ​ | ​ | ​ | ​ | ​
Long term liabilities held for sale | ​ | $ | 97.1 | ​ | $ | 314.0
​ The following table represents summarized income statement information of discontinued operations (in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended |  | Six months ended
​ |  | March 31, |  | March 31, |  | March 31, |  | March 31,
​ | ​ | 2020 | ​ | 2019 |  | 2020 | ​ | 2019
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue | ​ | $ | 811.5 | ​ | $ | 1,627.4 | ​ | $ | 2,314.3 | ​ | $ | 3,308.6
Cost of revenue | ​ |  | 882.5 | ​ |  | 1,576.9 | ​ | ​ | 2,356.0 | ​ | ​ | 3,210.9
Gross (loss) profit | ​ |  | (71.0) | ​ |  | 50.5 | ​ | ​ | (41.7) | ​ | ​ | 97.7
Equity in earnings of joint ventures | ​ |  | (21.7) | ​ |  | 9.4 | ​ | ​ | (16.9) | ​ | ​ | 15.3
Gain on disposal activities | ​ | ​ | 147.0 | ​ | ​ | — | ​ | ​ | 147.0 | ​ | ​ | —
Transaction costs | ​ | ​ | (41.4) | ​ | ​ | — | ​ | ​ | (41.4) | ​ | ​ | —
Impairment of goodwill and intangibles assets | ​ | ​ | (89.3) | ​ | ​ | — | ​ | ​ | (89.3) | ​ | ​ | —
(Loss) income from operations | ​ |  | (76.4) | ​ |  | 59.9 | ​ | ​ | (42.3) | ​ | ​ | 113.0
Other income | ​ |  | 0.4 | ​ |  | 0.4 | ​ | ​ | 1.8 | ​ | ​ | 1.2
Interest expense | ​ |  | (25.9) | ​ |  | (16.5) | ​ | ​ | (38.7) | ​ | ​ | (33.3)
(Loss) income before taxes | ​ |  | (101.9) | ​ |  | 43.8 | ​ | ​ | (79.2) | ​ | ​ | 80.9
Income tax expense | ​ |  | 28.8 | ​ |  | 8.6 | ​ | ​ | 33.4 | ​ | ​ | 17.5
Net (loss) income from discontinued operations | ​ | $ | (130.7) | ​ | $ | 35.2 | ​ | $ | (112.6) | ​ | $ | 63.4
​ The significant components included in the Consolidated Statement of Cash Flows for the discontinued operations are as follows (in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended |  | Six months ended
​ |  | March 31, |  | March 31, |  | March 31, |  | March 31,
​ | ​ | 2020 | ​ | 2019 |  | 2020 | ​ | 2019
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization: |  | ​ |  |  | ​ |  | ​ | ​ | ​ | ​ | ​ | ​
Property and equipment | ​ | $ | — | ​ | $ | 6.0 | ​ | $ | 4.6 | ​ | $ | 13.7
Intangible assets and capitalized debt issuance costs | ​ | $ | 18.7 | ​ | $ | 16.5 | ​ | $ | 31.5 | ​ | $ | 32.9
Payments for capital expenditures | ​ | $ | (6.0) | ​ | $ | (5.0) | ​ | $ | (14.2) | ​ | $ | (9.2)
​
Schedule of carrying value of goodwill by reportable segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Foreign |  | ​ | ​
​ | ​ | September 30, | ​ | Exchange | ​ | March 31,
​ | ​ | 2019 | ​ | Impact | ​ | 2020
​ | ​ | (in millions)
Americas | ​ | $ | 2,623.0 | ​ | $ | (9.9) | ​ | $ | 2,613.1
International | ​ |  | 853.8 | ​ |  | (20.0) | ​ |  | 833.8
Total | ​ | $ | 3,476.8 | ​ | $ | (29.9) | ​ | $ | 3,446.9
Schedule of finite-lived intangible assets by major class | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2020 | ​ | September 30, 2019 | ​ | ​ | ​ | ​
​ | ​ | Gross | ​ | Accumulated | ​ | Intangible | ​ | Gross | ​ | Accumulated | ​ | Intangible | ​ | Amortization
​ |  | Amount |  | Amortization |  | Assets, Net |  | Amount |  | Amortization |  | Assets, Net |  | Period
​ | ​ | (in millions) | ​ | (years)
Backlog and customer relationships | ​ | $ | 661.7 | ​ | $ | (574.1) | ​ | $ | 87.6 | ​ | $ | 661.4 | ​ | $ | (561.8) | ​ | $ | 99.6 |  | 1 | - | 11
Schedule of estimated future amortization expense of intangible assets | ​
​ | ​ | ​ | ​
Fiscal Year |  | (in millions)
2020 (six months remaining) | ​ | $ | 11.3
2021 | ​ |  | 20.1
2022 | ​ |  | 19.3
2023 | ​ |  | 18.5
2024 | ​ |  | 17.4
Thereafter | ​ |  | 1.0
Total | ​ | $ | 87.6

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