CONDENSED CONSOLIDATING BALANCE SHEETS - UNAUDITED
|
||||||||||||||||||||||||
As of March 29, 2013
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
As Reported in the Form 10-Q filed on May 7, 2013
|
||||||||||||||||||||||||
ASSETS
|
||||||||||||||||||||||||
Current assets:
|
||||||||||||||||||||||||
Cash and cash equivalents
|
$ | 49.0 | $ | — | $ | 13.0 | $ | 226.9 | $ | (40.1 | ) | $ | 248.8 | |||||||||||
Accounts receivable, including retentions
|
— | — | 828.7 | 724.2 | (30.7 | ) | 1,522.2 | |||||||||||||||||
Costs and accrued earnings in excess of billings on contracts
|
— | — | 765.3 | 565.2 | (3.8 | ) | 1,326.7 | |||||||||||||||||
Less receivable allowances
|
— | — | (30.0 | ) | (37.8 | ) | — | (67.8 | ) | |||||||||||||||
Net accounts receivable
|
— | — | 1,564.0 | 1,251.6 | (34.5 | ) | 2,781.1 | |||||||||||||||||
Intercompany accounts receivable
|
1,757.1 | 25.1 | 3,944.1 | 1,289.4 | (7,015.7 | ) | — | |||||||||||||||||
Deferred tax assets
|
7.8 | — | 64.8 | 1.0 | — | 73.6 | ||||||||||||||||||
Inventory
|
— | — | 4.8 | 55.3 | — | 60.1 | ||||||||||||||||||
Other current assets
|
35.0 | — | 78.6 | 94.0 | (20.7 | ) | 186.9 | |||||||||||||||||
Total current assets
|
1,848.9 | 25.1 | 5,669.3 | 2,918.2 | (7,111.0 | ) | 3,350.5 | |||||||||||||||||
Investments in and advances to subsidiaries and unconsolidated joint ventures
|
5,435.5 | 28.4 | 1,746.0 | 256.3 | (7,194.0 | ) | 272.2 | |||||||||||||||||
Property and equipment at cost, net
|
29.7 | — | 159.0 | 491.8 | — | 680.5 | ||||||||||||||||||
Intangible assets, net
|
0.2 | — | 214.5 | 440.8 | — | 655.5 | ||||||||||||||||||
Goodwill
|
— | — | 1,778.7 | 1,451.2 | — | 3,229.9 | ||||||||||||||||||
Other long-term assets
|
21.5 | — | 337.0 | 81.6 | (4.7 | ) | 435.4 | |||||||||||||||||
Total assets
|
$ | 7,335.8 | $ | 53.5 | $ | 9,904.5 | $ | 5,639.9 | $ | (14,309.7 | ) | $ | 8,624.0 | |||||||||||
LIABILITIES AND EQUITY
|
||||||||||||||||||||||||
Current liabilities:
|
||||||||||||||||||||||||
Current portion of long-term debt
|
$ | 32.6 | $ | — | $ | 9.9 | $ | 40.5 | $ | — | $ | 83.0 | ||||||||||||
Accounts payable and subcontractors payable, including retentions
|
4.3 | — | 344.9 | 371.3 | (39.8 | ) | 680.7 | |||||||||||||||||
Accrued salaries and employee benefits
|
33.3 | — | 338.2 | 163.7 | — | 535.2 | ||||||||||||||||||
Billings in excess of costs and accrued earnings on contracts
|
— | — | 147.0 | 117.4 | (0.2 | ) | 264.2 | |||||||||||||||||
Intercompany accounts payable
|
3,107.7 | 6.7 | 2,804.5 | 1,096.8 | (7,015.7 | ) | — | |||||||||||||||||
Short-term intercompany notes payable
|
14.3 | — | 20.2 | 21.6 | (56.1 | ) | — | |||||||||||||||||
Other current liabilities
|
101.8 | 16.8 | 128.0 | 78.5 | (65.6 | ) | 259.5 | |||||||||||||||||
Total current liabilities
|
3,294.0 | 23.5 | 3,792.7 | 1,889.8 | (7,177.4 | ) | 1,822.6 | |||||||||||||||||
Long-term debt
|
1,001.7 | 699.6 | 16.8 | 284.3 | — | 2,002.4 | ||||||||||||||||||
Deferred tax liabilities
|
— | — | 251.3 | 82.9 | (4.7 | ) | 329.5 | |||||||||||||||||
Self-insurance reserves
|
— | — | 17.6 | 115.5 | — | 133.1 | ||||||||||||||||||
Pension and post-retirement benefit obligations
|
— | — | 181.1 | 107.4 | — | 288.5 | ||||||||||||||||||
Long-term intercompany notes payable
|
— | — | 564.3 | 1,267.3 | (1,831.6 | ) | — | |||||||||||||||||
Other long-term liabilities
|
3.1 | — | 238.0 | 50.0 | — | 291.1 | ||||||||||||||||||
Total liabilities
|
4,298.8 | 723.1 | 5,061.8 | 3,797.2 | (9,013.7 | ) | 4,867.2 | |||||||||||||||||
URS stockholders' equity
|
3,616.6 | 11.2 | 5,435.5 | 1,737.2 | (7,183.9 | ) | 3,616.6 | |||||||||||||||||
Intercompany notes receivable
|
(579.6 | ) | (680.8 | ) | (592.8 | ) | (34.5 | ) | 1,887.7 | — | ||||||||||||||
Total URS stockholders' equity
|
3,037.0 | (669.6 | ) | 4,842.7 | 1,702.7 | (5,296.2 | ) | 3,616.6 | ||||||||||||||||
Noncontrolling interests
|
— | — | — | 140.0 | 0.2 | 140.2 | ||||||||||||||||||
Total stockholders' equity
|
3,037.0 | (669.6 | ) | 4,842.7 | 1,842.7 | (5,296.0 | ) | 3,756.8 | ||||||||||||||||
Total liabilities and stockholders' equity
|
$ | 7,335.8 | $ | 53.5 | $ | 9,904.5 | $ | 5,639.9 | $ | (14,309.7 | ) | $ | 8,624.0 |
As of March 29, 2013
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
Condensed Consolidating Balance Sheet Data - Unaudited:
|
||||||||||||||||||||||||
Adjustments
|
||||||||||||||||||||||||
ASSETS
|
||||||||||||||||||||||||
Investments in and advances to subsidiaries and unconsolidated joint ventures
|
$ | (0.1 | ) | $ | — | $ | (0.1 | ) | $ | (28.4 | ) | $ | 28.6 | $ | — | |||||||||
Other long-term assets
|
0.1 | — | — | (0.1 | ) | — | — | |||||||||||||||||
Total assets
|
— | — | (0.1 | ) | (28.5 | ) | 28.6 | — | ||||||||||||||||
LIABILITIES AND EQUITY
|
||||||||||||||||||||||||
URS stockholders' equity
|
— | — | (0.1 | ) | (28.5 | ) | 28.6 | — | ||||||||||||||||
Total URS stockholders' equity
|
— | — | (0.1 | ) | (28.5 | ) | 28.6 | — | ||||||||||||||||
Total stockholders' equity
|
— | — | (0.1 | ) | (28.5 | ) | 28.6 | — | ||||||||||||||||
Total liabilities and stockholders' equity
|
— | — | (0.1 | ) | (28.5 | ) | 28.6 | — |
CONDENSED CONSOLIDATING BALANCE SHEETS - UNAUDITED
|
||||||||||||||||||||||||
As of March 29, 2013
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
As Revised in the Form 8-K/A filed on June 25, 2013
|
||||||||||||||||||||||||
ASSETS
|
||||||||||||||||||||||||
Current assets:
|
||||||||||||||||||||||||
Cash and cash equivalents
|
$ | 49.0 | $ | — | $ | 13.0 | $ | 226.9 | $ | (40.1 | ) | $ | 248.8 | |||||||||||
Accounts receivable, including retentions
|
— | — | 828.7 | 724.2 | (30.7 | ) | 1,522.2 | |||||||||||||||||
Costs and accrued earnings in excess of billings on contracts
|
— | — | 765.3 | 565.2 | (3.8 | ) | 1,326.7 | |||||||||||||||||
Less receivable allowances
|
— | — | (30.0 | ) | (37.8 | ) | — | (67.8 | ) | |||||||||||||||
Net accounts receivable
|
— | — | 1,564.0 | 1,251.6 | (34.5 | ) | 2,781.1 | |||||||||||||||||
Intercompany accounts receivable
|
1,757.1 | 25.1 | 3,944.1 | 1,289.4 | (7,015.7 | ) | — | |||||||||||||||||
Deferred tax assets
|
7.8 | — | 64.8 | 1.0 | — | 73.6 | ||||||||||||||||||
Inventory
|
— | — | 4.8 | 55.3 | — | 60.1 | ||||||||||||||||||
Other current assets
|
35.0 | — | 78.6 | 94.0 | (20.7 | ) | 186.9 | |||||||||||||||||
Total current assets
|
1,848.9 | 25.1 | 5,669.3 | 2,918.2 | (7,111.0 | ) | 3,350.5 | |||||||||||||||||
Investments in and advances to subsidiaries and unconsolidated joint ventures
|
5,435.4 | 28.4 | 1,745.9 | 227.9 | (7,165.4 | ) | 272.2 | |||||||||||||||||
Property and equipment at cost, net
|
29.7 | — | 159.0 | 491.8 | — | 680.5 | ||||||||||||||||||
Intangible assets, net
|
0.2 | — | 214.5 | 440.8 | — | 655.5 | ||||||||||||||||||
Goodwill
|
— | — | 1,778.7 | 1,451.2 | — | 3,229.9 | ||||||||||||||||||
Other long-term assets
|
21.6 | — | 337.0 | 81.5 | (4.7 | ) | 435.4 | |||||||||||||||||
Total assets
|
$ | 7,335.8 | $ | 53.5 | $ | 9,904.4 | $ | 5,611.4 | $ | (14,281.1 | ) | $ | 8,624.0 | |||||||||||
LIABILITIES AND EQUITY
|
||||||||||||||||||||||||
Current liabilities:
|
||||||||||||||||||||||||
Current portion of long-term debt
|
$ | 32.6 | $ | — | $ | 9.9 | $ | 40.5 | $ | — | $ | 83.0 | ||||||||||||
Accounts payable and subcontractors payable, including retentions
|
4.3 | — | 344.9 | 371.3 | (39.8 | ) | 680.7 | |||||||||||||||||
Accrued salaries and employee benefits
|
33.3 | — | 338.2 | 163.7 | — | 535.2 | ||||||||||||||||||
Billings in excess of costs and accrued earnings on contracts
|
— | — | 147.0 | 117.4 | (0.2 | ) | 264.2 | |||||||||||||||||
Intercompany accounts payable
|
3,107.7 | 6.7 | 2,804.5 | 1,096.8 | (7,015.7 | ) | — | |||||||||||||||||
Short-term intercompany notes payable
|
14.3 | — | 20.2 | 21.6 | (56.1 | ) | — | |||||||||||||||||
Other current liabilities
|
101.8 | 16.8 | 128.0 | 78.5 | (65.6 | ) | 259.5 | |||||||||||||||||
Total current liabilities
|
3,294.0 | 23.5 | 3,792.7 | 1,889.8 | (7,177.4 | ) | 1,822.6 | |||||||||||||||||
Long-term debt
|
1,001.7 | 699.6 | 16.8 | 284.3 | — | 2,002.4 | ||||||||||||||||||
Deferred tax liabilities
|
— | — | 251.3 | 82.9 | (4.7 | ) | 329.5 | |||||||||||||||||
Self-insurance reserves
|
— | — | 17.6 | 115.5 | — | 133.1 | ||||||||||||||||||
Pension and post-retirement benefit obligations
|
— | — | 181.1 | 107.4 | — | 288.5 | ||||||||||||||||||
Long-term intercompany notes payable
|
— | — | 564.3 | 1,267.3 | (1,831.6 | ) | — | |||||||||||||||||
Other long-term liabilities
|
3.1 | — | 238.0 | 50.0 | — | 291.1 | ||||||||||||||||||
Total liabilities
|
4,298.8 | 723.1 | 5,061.8 | 3,797.2 | (9,013.7 | ) | 4,867.2 | |||||||||||||||||
URS stockholders' equity
|
3,616.6 | 11.2 | 5,435.4 | 1,708.7 | (7,155.3 | ) | 3,616.6 | |||||||||||||||||
Intercompany notes receivable
|
(579.6 | ) | (680.8 | ) | (592.8 | ) | (34.5 | ) | 1,887.7 | — | ||||||||||||||
Total URS stockholders' equity
|
3,037.0 | (669.6 | ) | 4,842.6 | 1,674.2 | (5,267.6 | ) | 3,616.6 | ||||||||||||||||
Noncontrolling interests
|
— | — | — | 140.0 | 0.2 | 140.2 | ||||||||||||||||||
Total stockholders' equity
|
3,037.0 | (669.6 | ) | 4,842.6 | 1,814.2 | (5,267.4 | ) | 3,756.8 | ||||||||||||||||
Total liabilities and stockholders' equity
|
$ | 7,335.8 | $ | 53.5 | $ | 9,904.4 | $ | 5,611.4 | $ | (14,281.1 | ) | $ | 8,624.0 |
CONDENSED CONSOLIDATING BALANCE SHEETS
|
||||||||||||||||||||||||
As of December 28, 2012
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
As Reported in the Form 8-K filed on April 17, 2013
|
||||||||||||||||||||||||
ASSETS
|
||||||||||||||||||||||||
Current assets:
|
||||||||||||||||||||||||
Cash and cash equivalents
|
$ | 14.4 | $ | — | $ | 16.3 | $ | 285.4 | $ | (1.6 | ) | $ | 314.5 | |||||||||||
Accounts receivable, including retentions
|
— | — | 771.2 | 811.8 | (28.2 | ) | 1,554.8 | |||||||||||||||||
Costs and accrued earnings in excess of billings on contracts
|
— | — | 876.9 | 515.7 | (8.3 | ) | 1,384.3 | |||||||||||||||||
Less receivable allowances
|
— | — | (29.1 | ) | (40.6 | ) | — | (69.7 | ) | |||||||||||||||
Net accounts receivable
|
— | — | 1,619.0 | 1,286.9 | (36.5 | ) | 2,869.4 | |||||||||||||||||
Intercompany accounts receivable
|
1,765.8 | 22.4 | 4,248.9 | 1,530.6 | (7,567.7 | ) | — | |||||||||||||||||
Deferred tax assets
|
6.8 | — | 60.3 | 0.5 | — | 67.6 | ||||||||||||||||||
Inventory
|
— | — | 5.5 | 56.0 | — | 61.5 | ||||||||||||||||||
Other current assets
|
38.2 | — | 65.5 | 111.3 | (10.8 | ) | 204.2 | |||||||||||||||||
Total current assets
|
1,825.2 | 22.4 | 6,015.5 | 3,270.7 | (7,616.6 | ) | 3,517.2 | |||||||||||||||||
Investments in and advances to subsidiaries and unconsolidated joint ventures
|
5,400.5 | 20.7 | 1,812.0 | 258.9 | (7,213.8 | ) | 278.3 | |||||||||||||||||
Property and equipment at cost, net
|
26.9 | — | 159.7 | 500.9 | — | 687.5 | ||||||||||||||||||
Intangible assets, net
|
0.2 | — | 223.5 | 468.5 | — | 692.2 | ||||||||||||||||||
Goodwill
|
— | — | 1,778.7 | 1,468.4 | — | 3,247.1 | ||||||||||||||||||
Other long-term assets
|
22.4 | — | 231.3 | 115.3 | (4.8 | ) | 364.2 | |||||||||||||||||
Total assets
|
$ | 7,275.2 | $ | 43.1 | $ | 10,220.7 | $ | 6,082.7 | $ | (14,835.2 | ) | $ | 8,786.5 | |||||||||||
LIABILITIES AND EQUITY
|
||||||||||||||||||||||||
Current liabilities:
|
||||||||||||||||||||||||
Current portion of long-term debt
|
$ | 18.9 | $ | — | $ | 10.0 | $ | 42.9 | $ | — | $ | 71.8 | ||||||||||||
Accounts payable and subcontractors payable, including retentions
|
4.1 | — | 382.8 | 454.8 | (38.2 | ) | 803.5 | |||||||||||||||||
Accrued salaries and employee benefits
|
41.1 | — | 362.6 | 155.1 | — | 558.8 | ||||||||||||||||||
Billings in excess of costs and accrued earnings on contracts
|
— | — | 146.4 | 143.0 | (0.3 | ) | 289.1 | |||||||||||||||||
Intercompany accounts payable
|
3,138.3 | 14.7 | 3,109.1 | 1,305.6 | (7,567.7 | ) | — | |||||||||||||||||
Short-term intercompany notes payable
|
14.3 | — | 20.0 | 599.2 | (633.5 | ) | — | |||||||||||||||||
Other current liabilities
|
59.4 | 8.6 | 146.3 | 74.0 | (10.5 | ) | 277.8 | |||||||||||||||||
Total current liabilities
|
3,276.1 | 23.3 | 4,177.2 | 2,774.6 | (8,250.2 | ) | 2,001.0 | |||||||||||||||||
Long-term debt
|
952.2 | 699.6 | 16.9 | 323.8 | — | 1,992.5 | ||||||||||||||||||
Deferred tax liabilities
|
— | — | 247.6 | 85.5 | (4.8 | ) | 328.3 | |||||||||||||||||
Self-insurance reserves
|
— | — | 18.3 | 111.5 | — | 129.8 | ||||||||||||||||||
Pension and post-retirement benefit obligations
|
— | — | 185.4 | 115.5 | — | 300.9 | ||||||||||||||||||
Long-term intercompany notes payable
|
— | — | 561.7 | 687.8 | (1,249.5 | ) | — | |||||||||||||||||
Other long-term liabilities
|
2.9 | — | 197.0 | 71.1 | — | 271.0 | ||||||||||||||||||
Total liabilities
|
4,231.2 | 722.9 | 5,404.1 | 4,169.8 | (9,504.5 | ) | 5,023.5 | |||||||||||||||||
URS stockholders' equity
|
3,621.1 | 8.0 | 5,400.4 | 1,805.3 | (7,213.7 | ) | 3,621.1 | |||||||||||||||||
Intercompany notes receivable
|
(577.1 | ) | (687.8 | ) | (583.8 | ) | (34.3 | ) | 1,883.0 | — | ||||||||||||||
Total URS stockholders' equity
|
3,044.0 | (679.8 | ) | 4,816.6 | 1,771.0 | (5,330.7 | ) | 3,621.1 | ||||||||||||||||
Noncontrolling interests
|
— | — | — | 141.9 | — | 141.9 | ||||||||||||||||||
Total stockholders' equity
|
3,044.0 | (679.8 | ) | 4,816.6 | 1,912.9 | (5,330.7 | ) | 3,763.0 | ||||||||||||||||
Total liabilities and stockholders' equity
|
$ | 7,275.2 | $ | 43.1 | $ | 10,220.7 | $ | 6,082.7 | $ | (14,835.2 | ) | $ | 8,786.5 | |||||||||||
As of December 28, 2012
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
Condensed Consolidating Balance Sheet Data - Unaudited:
|
||||||||||||||||||||||||
Adjustments
|
||||||||||||||||||||||||
ASSETS
|
||||||||||||||||||||||||
Current assets:
|
||||||||||||||||||||||||
Accounts receivable, including retentions
|
$ | — | $ | — | $ | 0.1 | $ | — | $ | (0.1 | ) | $ | — | |||||||||||
Net accounts receivable
|
— | — | 0.1 | — | (0.1 | ) | — | |||||||||||||||||
Intercompany accounts receivable
|
27.4 | — | (315.8 | ) | (261.6 | ) | 550.0 | — | ||||||||||||||||
Total current assets
|
27.4 | — | (315.7 | ) | (261.6 | ) | 549.9 | — | ||||||||||||||||
Investments in and advances to subsidiaries and unconsolidated joint ventures
|
0.1 | — | 0.2 | (16.7 | ) | 16.4 | — | |||||||||||||||||
Intangible assets, net
|
— | — | (0.2 | ) | 0.2 | — | — | |||||||||||||||||
Other long-term assets
|
(0.1 | ) | — | — | (0.2 | ) | 0.3 | — | ||||||||||||||||
Total assets
|
27.4 | — | (315.7 | ) | (278.3 | ) | 566.6 | — | ||||||||||||||||
LIABILITIES AND EQUITY
|
||||||||||||||||||||||||
Current liabilities:
|
||||||||||||||||||||||||
Accounts payable and subcontractors payable, including retentions
|
0.1 | — | (0.1 | ) | — | — | — | |||||||||||||||||
Accrued salaries and employee benefits
|
(0.1 | ) | — | 0.1 | — | — | — | |||||||||||||||||
Billings in excess of costs and accrued earnings on contracts
|
— | — | (0.1 | ) | — | 0.1 | — | |||||||||||||||||
Intercompany accounts payable
|
27.4 | — | (315.7 | ) | (261.7 | ) | 550.0 | — | ||||||||||||||||
Short-term intercompany notes payable
|
— | — | — | (577.6 | ) | 577.6 | — | |||||||||||||||||
Other current liabilities
|
0.1 | — | (0.1 | ) | 4.0 | (4.0 | ) | — | ||||||||||||||||
Total current liabilities
|
27.5 | — | (315.9 | ) | (835.3 | ) | 1,123.7 | — | ||||||||||||||||
Deferred tax liabilities
|
— | — | (0.1 | ) | 0.1 | — | — | |||||||||||||||||
Long-term intercompany notes payable
|
— | — | — | 577.6 | (577.6 | ) | — | |||||||||||||||||
Other long-term liabilities
|
(0.1 | ) | — | 0.1 | — | — | — | |||||||||||||||||
Total liabilities
|
27.4 | — | (315.9 | ) | (257.6 | ) | 546.1 | — | ||||||||||||||||
URS stockholders' equity
|
— | — | 0.2 | (20.7 | ) | 20.5 | — | |||||||||||||||||
Total URS stockholders' equity
|
— | — | 0.2 | (20.7 | ) | 20.5 | — | |||||||||||||||||
Total stockholders' equity
|
— | — | 0.2 | (20.7 | ) | 20.5 | — | |||||||||||||||||
Total liabilities and stockholders' equity
|
27.4 | — | (315.7 | ) | (278.3 | ) | 566.6 | — |
CONDENSED CONSOLIDATING BALANCE SHEETS
|
||||||||||||||||||||||||
As of December 28, 2012
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
As Revised in the Form 8-K/A filed on June 25, 2013
|
||||||||||||||||||||||||
ASSETS
|
||||||||||||||||||||||||
Current assets:
|
||||||||||||||||||||||||
Cash and cash equivalents
|
$ | 14.4 | $ | — | $ | 16.3 | $ | 285.4 | $ | (1.6 | ) | $ | 314.5 | |||||||||||
Accounts receivable, including retentions
|
— | — | 771.3 | 811.8 | (28.3 | ) | 1,554.8 | |||||||||||||||||
Costs and accrued earnings in excess of billings on contracts
|
— | — | 876.9 | 515.7 | (8.3 | ) | 1,384.3 | |||||||||||||||||
Less receivable allowances
|
— | — | (29.1 | ) | (40.6 | ) | — | (69.7 | ) | |||||||||||||||
Net accounts receivable
|
— | — | 1,619.1 | 1,286.9 | (36.6 | ) | 2,869.4 | |||||||||||||||||
Intercompany accounts receivable
|
1,793.2 | 22.4 | 3,933.1 | 1,269.0 | (7,017.7 | ) | — | |||||||||||||||||
Deferred tax assets
|
6.8 | — | 60.3 | 0.5 | — | 67.6 | ||||||||||||||||||
Inventory
|
— | — | 5.5 | 56.0 | — | 61.5 | ||||||||||||||||||
Other current assets
|
38.2 | — | 65.5 | 111.3 | (10.8 | ) | 204.2 | |||||||||||||||||
Total current assets
|
1,852.6 | 22.4 | 5,699.8 | 3,009.1 | (7,066.7 | ) | 3,517.2 | |||||||||||||||||
Investments in and advances to subsidiaries and unconsolidated joint ventures
|
5,400.6 | 20.7 | 1,812.2 | 242.2 | (7,197.4 | ) | 278.3 | |||||||||||||||||
Property and equipment at cost, net
|
26.9 | — | 159.7 | 500.9 | — | 687.5 | ||||||||||||||||||
Intangible assets, net
|
0.2 | — | 223.3 | 468.7 | — | 692.2 | ||||||||||||||||||
Goodwill
|
— | — | 1,778.7 | 1,468.4 | — | 3,247.1 | ||||||||||||||||||
Other long-term assets
|
22.3 | — | 231.3 | 115.1 | (4.5 | ) | 364.2 | |||||||||||||||||
Total assets
|
$ | 7,302.6 | $ | 43.1 | $ | 9,905.0 | $ | 5,804.4 | $ | (14,268.6 | ) | $ | 8,786.5 | |||||||||||
LIABILITIES AND EQUITY
|
||||||||||||||||||||||||
Current liabilities:
|
||||||||||||||||||||||||
Current portion of long-term debt
|
$ | 18.9 | $ | — | $ | 10.0 | $ | 42.9 | $ | — | $ | 71.8 | ||||||||||||
Accounts payable and subcontractors payable, including retentions
|
4.2 | — | 382.7 | 454.8 | (38.2 | ) | 803.5 | |||||||||||||||||
Accrued salaries and employee benefits
|
41.0 | — | 362.7 | 155.1 | — | 558.8 | ||||||||||||||||||
Billings in excess of costs and accrued earnings on contracts
|
— | — | 146.3 | 143.0 | (0.2 | ) | 289.1 | |||||||||||||||||
Intercompany accounts payable
|
3,165.7 | 14.7 | 2,793.4 | 1,043.9 | (7,017.7 | ) | — | |||||||||||||||||
Short-term intercompany notes payable
|
14.3 | — | 20.0 | 21.6 | (55.9 | ) | — | |||||||||||||||||
Other current liabilities
|
59.5 | 8.6 | 146.2 | 78.0 | (14.5 | ) | 277.8 | |||||||||||||||||
Total current liabilities
|
3,303.6 | 23.3 | 3,861.3 | 1,939.3 | (7,126.5 | ) | 2,001.0 | |||||||||||||||||
Long-term debt
|
952.2 | 699.6 | 16.9 | 323.8 | — | 1,992.5 | ||||||||||||||||||
Deferred tax liabilities
|
— | — | 247.5 | 85.6 | (4.8 | ) | 328.3 | |||||||||||||||||
Self-insurance reserves
|
— | — | 18.3 | 111.5 | — | 129.8 | ||||||||||||||||||
Pension and post-retirement benefit obligations
|
— | — | 185.4 | 115.5 | — | 300.9 | ||||||||||||||||||
Long-term intercompany notes payable
|
— | — | 561.7 | 1,265.4 | (1,827.1 | ) | — | |||||||||||||||||
Other long-term liabilities
|
2.8 | — | 197.1 | 71.1 | — | 271.0 | ||||||||||||||||||
Total liabilities
|
4,258.6 | 722.9 | 5,088.2 | 3,912.2 | (8,958.4 | ) | 5,023.5 | |||||||||||||||||
URS stockholders' equity
|
3,621.1 | 8.0 | 5,400.6 | 1,784.6 | (7,193.2 | ) | 3,621.1 | |||||||||||||||||
Intercompany notes receivable
|
(577.1 | ) | (687.8 | ) | (583.8 | ) | (34.3 | ) | 1,883.0 | — | ||||||||||||||
Total URS stockholders' equity
|
3,044.0 | (679.8 | ) | 4,816.8 | 1,750.3 | (5,310.2 | ) | 3,621.1 | ||||||||||||||||
Noncontrolling interests
|
— | — | — | 141.9 | — | 141.9 | ||||||||||||||||||
Total stockholders' equity
|
3,044.0 | (679.8 | ) | 4,816.8 | 1,892.2 | (5,310.2 | ) | 3,763.0 | ||||||||||||||||
Total liabilities and stockholders' equity
|
$ | 7,302.6 | $ | 43.1 | $ | 9,905.0 | $ | 5,804.4 | $ | (14,268.6 | ) | $ | 8,786.5 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS - UNAUDITED
|
||||||||||||||||||||||||
For the Three Months Ended March 29, 2013
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
As Reported in the Form 10-Q filed on May 7, 2013
|
||||||||||||||||||||||||
Revenues
|
$ | — | $ | — | $ | 1,671.4 | $ | 1,211.5 | $ | (80.4 | ) | $ | 2,802.5 | |||||||||||
Cost of revenues
|
— | — | (1,549.2 | ) | (1,182.5 | ) | 80.4 | (2,651.3 | ) | |||||||||||||||
General and administrative expenses
|
(22.2 | ) | — | — | (0.5 | ) | — | (22.7 | ) | |||||||||||||||
Equity in income (loss) in subsidiaries
|
65.9 | 7.7 | 6.3 | 3.2 | (83.1 | ) | — | |||||||||||||||||
Equity in income of unconsolidated joint ventures
|
— | — | 3.1 | 21.0 | — | 24.1 | ||||||||||||||||||
Operating income (loss)
|
43.7 | 7.7 | 131.6 | 52.7 | (83.1 | ) | 152.6 | |||||||||||||||||
Interest expense
|
31.8 | (7.2 | ) | (26.9 | ) | (18.8 | ) | — | (21.1 | ) | ||||||||||||||
Other income (expenses)
|
— | — | — | (2.5 | ) | — | (2.5 | ) | ||||||||||||||||
Income (loss) before income taxes
|
75.5 | 0.5 | 104.7 | 31.4 | (83.1 | ) | 129.0 | |||||||||||||||||
Income tax benefit (expense)
|
(3.6 | ) | 2.7 | (38.8 | ) | (2.5 | ) | — | (42.2 | ) | ||||||||||||||
Net income (loss) including noncontrolling interests
|
71.9 | 3.2 | 65.9 | 28.9 | (83.1 | ) | 86.8 | |||||||||||||||||
Noncontrolling interests in income of consolidated subsidiaries
|
— | — | — | (14.9 | ) | — | (14.9 | ) | ||||||||||||||||
Net income (loss) attributable to URS
|
$ | 71.9 | $ | 3.2 | $ | 65.9 | $ | 14.0 | $ | (83.1 | ) | $ | 71.9 | |||||||||||
Comprehensive income (loss) attributable to URS
|
$ | 39.5 | $ | 3.2 | $ | 36.3 | $ | (23.4 | ) | $ | (16.1 | ) | $ | 39.5 |
For the Three Months Ended March 29, 2013
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
Condensed Consolidating Statement of Operations Data - Unaudited:
|
||||||||||||||||||||||||
Adjustments
|
||||||||||||||||||||||||
Equity in income (loss) in subsidiaries
|
$ | — | $ | — | $ | — | $ | (7.7 | ) | $ | 7.7 | $ | — | |||||||||||
Intercompany royalty and general and administrative charges
|
37.4 | — | (33.0 | ) | (4.4 | ) | — | — | ||||||||||||||||
Operating income (loss)
|
37.4 | — | (33.0 | ) | (12.1 | ) | 7.7 | — | ||||||||||||||||
Interest expense
|
(39.7 | ) | (0.9 | ) | 26.5 | 14.1 | — | — | ||||||||||||||||
Intercompany interest income
|
2.6 | 0.9 | 9.0 | 0.3 | (12.8 | ) | — | |||||||||||||||||
Intercompany interest expense
|
(0.3 | ) | — | (2.5 | ) | (10.0 | ) | 12.8 | — | |||||||||||||||
Income (loss) before income taxes
|
— | — | — | (7.7 | ) | 7.7 | — | |||||||||||||||||
Net income (loss) including noncontrolling interests
|
— | — | — | (7.7 | ) | 7.7 | — | |||||||||||||||||
Net income (loss) attributable to URS
|
— | — | — | (7.7 | ) | 7.7 | — | |||||||||||||||||
Comprehensive income (loss) attributable to URS
|
— | — | — | (7.7 | ) | 7.7 | — |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS - UNAUDITED
|
||||||||||||||||||||||||
For the Three Months Ended March 29, 2013
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
As Revised in the Form 8-K/A filed on June 25, 2013
|
||||||||||||||||||||||||
Revenues
|
$ | — | $ | — | $ | 1,671.4 | $ | 1,211.5 | $ | (80.4 | ) | $ | 2,802.5 | |||||||||||
Cost of revenues
|
— | — | (1,549.2 | ) | (1,182.5 | ) | 80.4 | (2,651.3 | ) | |||||||||||||||
General and administrative expenses
|
(22.2 | ) | — | — | (0.5 | ) | — | (22.7 | ) | |||||||||||||||
Equity in income (loss) in subsidiaries
|
65.9 | 7.7 | 6.3 | (4.5 | ) | (75.4 | ) | — | ||||||||||||||||
Equity in income of unconsolidated joint ventures
|
— | — | 3.1 | 21.0 | — | 24.1 | ||||||||||||||||||
Intercompany royalty and general and administrative charges
|
37.4 | — | (33.0 | ) | (4.4 | ) | — | — | ||||||||||||||||
Operating income (loss)
|
81.1 | 7.7 | 98.6 | 40.6 | (75.4 | ) | 152.6 | |||||||||||||||||
Interest expense
|
(7.9 | ) | (8.1 | ) | (0.4 | ) | (4.7 | ) | — | (21.1 | ) | |||||||||||||
Intercompany interest income
|
2.6 | 0.9 | 9.0 | 0.3 | (12.8 | ) | — | |||||||||||||||||
Intercompany interest expense
|
(0.3 | ) | — | (2.5 | ) | (10.0 | ) | 12.8 | — | |||||||||||||||
Other income (expenses)
|
— | — | — | (2.5 | ) | — | (2.5 | ) | ||||||||||||||||
Income (loss) before income taxes
|
75.5 | 0.5 | 104.7 | 23.7 | (75.4 | ) | 129.0 | |||||||||||||||||
Income tax benefit (expense)
|
(3.6 | ) | 2.7 | (38.8 | ) | (2.5 | ) | — | (42.2 | ) | ||||||||||||||
Net income (loss) including noncontrolling interests
|
71.9 | 3.2 | 65.9 | 21.2 | (75.4 | ) | 86.8 | |||||||||||||||||
Noncontrolling interests in income of consolidated subsidiaries
|
— | — | — | (14.9 | ) | — | (14.9 | ) | ||||||||||||||||
Net income (loss) attributable to URS
|
$ | 71.9 | $ | 3.2 | $ | 65.9 | $ | 6.3 | $ | (75.4 | ) | $ | 71.9 | |||||||||||
Comprehensive income (loss) attributable to URS
|
$ | 39.5 | $ | 3.2 | $ | 36.3 | $ | (31.1 | ) | $ | (8.4 | ) | $ | 39.5 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS - UNAUDITED
|
||||||||||||||||||||||||
For the Three Months Ended March 30, 2012
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
As Reported in the Form 10-Q filed on May 7, 2013
|
||||||||||||||||||||||||
Revenues
|
$ | — | $ | — | $ | 1,714.3 | $ | 755.6 | $ | (108.4 | ) | $ | 2,361.5 | |||||||||||
Cost of revenues
|
— | — | (1,593.0 | ) | (718.6 | ) | 108.4 | (2,203.2 | ) | |||||||||||||||
General and administrative expenses
|
(20.4 | ) | — | — | 0.4 | — | (20.0 | ) | ||||||||||||||||
Acquisition-related expenses
|
(5.6 | ) | — | — | — | — | (5.6 | ) | ||||||||||||||||
Equity in income (loss) in subsidiaries
|
76.9 | — | 30.2 | — | (107.1 | ) | — | |||||||||||||||||
Equity in income of unconsolidated joint ventures
|
— | — | 2.1 | 26.6 | — | 28.7 | ||||||||||||||||||
Operating income (loss)
|
50.9 | — | 153.6 | 64.0 | (107.1 | ) | 161.4 | |||||||||||||||||
Interest expense
|
28.6 | — | (35.1 | ) | (3.3 | ) | — | (9.8 | ) | |||||||||||||||
Other income (expenses)
|
2.5 | — | — | — | — | 2.5 | ||||||||||||||||||
Income (loss) before income taxes
|
82.0 | — | 118.5 | 60.7 | (107.1 | ) | 154.1 | |||||||||||||||||
Income tax benefit (expense)
|
(2.3 | ) | — | (41.6 | ) | (4.7 | ) | — | (48.6 | ) | ||||||||||||||
Net income (loss) including noncontrolling interests
|
79.7 | — | 76.9 | 56.0 | (107.1 | ) | 105.5 | |||||||||||||||||
Noncontrolling interests in income of consolidated subsidiaries
|
— | — | — | (25.8 | ) | — | (25.8 | ) | ||||||||||||||||
Net income (loss) attributable to URS
|
$ | 79.7 | $ | — | $ | 76.9 | $ | 30.2 | $ | (107.1 | ) | $ | 79.7 | |||||||||||
Comprehensive income (loss) attributable to URS
|
$ | 101.2 | $ | — | $ | 100.6 | $ | 55.3 | $ | (155.9 | ) | $ | 101.2 |
For the Three Months Ended March 30, 2012
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
Condensed Consolidating Statement of Operations Data - Unaudited:
|
||||||||||||||||||||||||
Adjustments
|
||||||||||||||||||||||||
Intercompany royalty and general and administrative charges
|
$ | 37.8 | $ | — | $ | (34.4 | ) | $ | (3.4 | ) | $ | — | $ | — | ||||||||||
Operating income (loss)
|
37.8 | — | (34.4 | ) | (3.4 | ) | — | — | ||||||||||||||||
Interest expense
|
(37.9 | ) | — | 34.8 | 3.1 | — | — | |||||||||||||||||
Intercompany interest income
|
0.6 | — | 0.5 | 1.3 | (2.4 | ) | — | |||||||||||||||||
Intercompany interest expense
|
(0.5 | ) | — | (0.9 | ) | (1.0 | ) | 2.4 | — |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS - UNAUDITED
|
||||||||||||||||||||||||
For the Three Months Ended March 30, 2012
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
As Revised in the Form 8-K/A filed on June 25, 2013
|
||||||||||||||||||||||||
Revenues
|
$ | — | $ | — | $ | 1,714.3 | $ | 755.6 | $ | (108.4 | ) | $ | 2,361.5 | |||||||||||
Cost of revenues
|
— | — | (1,593.0 | ) | (718.6 | ) | 108.4 | (2,203.2 | ) | |||||||||||||||
General and administrative expenses
|
(20.4 | ) | — | — | 0.4 | — | (20.0 | ) | ||||||||||||||||
Acquisition-related expenses
|
(5.6 | ) | — | — | — | — | (5.6 | ) | ||||||||||||||||
Equity in income (loss) in subsidiaries
|
76.9 | — | 30.2 | — | (107.1 | ) | — | |||||||||||||||||
Equity in income of unconsolidated joint ventures
|
— | — | 2.1 | 26.6 | — | 28.7 | ||||||||||||||||||
Intercompany royalty and general and administrative charges
|
37.8 | — | (34.4 | ) | (3.4 | ) | — | — | ||||||||||||||||
Operating income (loss)
|
88.7 | — | 119.2 | 60.6 | (107.1 | ) | 161.4 | |||||||||||||||||
Interest expense
|
(9.3 | ) | — | (0.3 | ) | (0.2 | ) | — | (9.8 | ) | ||||||||||||||
Intercompany interest income
|
0.6 | — | 0.5 | 1.3 | (2.4 | ) | — | |||||||||||||||||
Intercompany interest expense
|
(0.5 | ) | — | (0.9 | ) | (1.0 | ) | 2.4 | — | |||||||||||||||
Other income (expenses)
|
2.5 | — | — | — | — | 2.5 | ||||||||||||||||||
Income (loss) before income taxes
|
82.0 | — | 118.5 | 60.7 | (107.1 | ) | 154.1 | |||||||||||||||||
Income tax benefit (expense)
|
(2.3 | ) | — | (41.6 | ) | (4.7 | ) | — | (48.6 | ) | ||||||||||||||
Net income (loss) including noncontrolling interests
|
79.7 | — | 76.9 | 56.0 | (107.1 | ) | 105.5 | |||||||||||||||||
Noncontrolling interests in income of consolidated subsidiaries
|
— | — | — | (25.8 | ) | — | (25.8 | ) | ||||||||||||||||
Net income (loss) attributable to URS
|
$ | 79.7 | $ | — | $ | 76.9 | $ | 30.2 | $ | (107.1 | ) | $ | 79.7 | |||||||||||
Comprehensive income (loss) attributable to URS
|
$ | 101.2 | $ | — | $ | 100.6 | $ | 55.3 | $ | (155.9 | ) | $ | 101.2 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|
||||||||||||||||||||||||
For the Year Ended December 28, 2012
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
As Reported in the Form 8-K filed on April 17, 2013
|
||||||||||||||||||||||||
Revenues
|
$ | — | $ | — | $ | 6,713.8 | $ | 4,420.9 | $ | (162.2 | ) | $ | 10,972.5 | |||||||||||
Cost of revenues
|
— | — | (6,305.0 | ) | (4,151.7 | ) | 162.2 | (10,294.5 | ) | |||||||||||||||
General and administrative expenses
|
(83.2 | ) | — | — | (0.4 | ) | — | (83.6 | ) | |||||||||||||||
Acquisition-related expenses
|
(6.7 | ) | — | — | (9.4 | ) | — | (16.1 | ) | |||||||||||||||
Equity in income (loss) in subsidiaries
|
297.8 | 20.7 | 149.6 | 8.0 | (476.1 | ) | — | |||||||||||||||||
Equity in income of unconsolidated joint ventures
|
— | — | 21.5 | 86.1 | — | 107.6 | ||||||||||||||||||
Operating income (loss)
|
207.9 | 20.7 | 579.9 | 353.5 | (476.1 | ) | 685.9 | |||||||||||||||||
Interest expense
|
110.8 | (20.3 | ) | (107.4 | ) | (53.8 | ) | — | (70.7 | ) | ||||||||||||||
Other income (expenses)
|
(0.3 | ) | — | — | 0.8 | — | 0.5 | |||||||||||||||||
Income (loss) before income taxes
|
318.4 | 0.4 | 472.5 | 300.5 | (476.1 | ) | 615.7 | |||||||||||||||||
Income tax benefit (expense)
|
(7.8 | ) | 7.6 | (174.7 | ) | (15.0 | ) | — | (189.9 | ) | ||||||||||||||
Net income (loss) including noncontrolling interests
|
310.6 | 8.0 | 297.8 | 285.5 | (476.1 | ) | 425.8 | |||||||||||||||||
Noncontrolling interests in income of consolidated subsidiaries
|
— | — | — | (115.2 | ) | — | (115.2 | ) | ||||||||||||||||
Net income (loss) attributable to URS
|
$ | 310.6 | $ | 8.0 | $ | 297.8 | $ | 170.3 | $ | (476.1 | ) | $ | 310.6 | |||||||||||
Comprehensive income (loss) attributable to URS
|
$ | 308.2 | $ | 8.0 | $ | 283.2 | $ | 191.5 | $ | (482.7 | ) | $ | 308.2 |
For the Year Ended December 28, 2012
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
Condensed Consolidating Statement of Operations Data:
|
||||||||||||||||||||||||
Adjustments
|
||||||||||||||||||||||||
Equity in income (loss) in subsidiaries
|
$ | — | $ | — | $ | — | $ | (20.7 | ) | $ | 20.7 | $ | — | |||||||||||
Intercompany royalty and general and administrative charges
|
140.6 | — | (122.3 | ) | (18.3 | ) | — | — | ||||||||||||||||
Operating income (loss)
|
140.6 | — | (122.3 | ) | (39.0 | ) | 20.7 | — | ||||||||||||||||
Interest expense
|
(147.0 | ) | (2.6 | ) | 106.6 | 43.0 | — | — | ||||||||||||||||
Intercompany interest income
|
7.8 | 2.6 | 23.0 | 2.0 | (35.4 | ) | — | |||||||||||||||||
Intercompany interest expense
|
(1.4 | ) | — | (7.3 | ) | (26.7 | ) | 35.4 | — | |||||||||||||||
Income (loss) before income taxes
|
— | — | — | (20.7 | ) | 20.7 | — | |||||||||||||||||
Net income (loss) including noncontrolling interests
|
— | — | — | (20.7 | ) | 20.7 | — | |||||||||||||||||
Net income (loss) attributable to URS
|
— | — | — | (20.7 | ) | 20.7 | — | |||||||||||||||||
Comprehensive income (loss) attributable to URS
|
— | — | (0.7 | ) | (20.7 | ) | 21.4 | — |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|
||||||||||||||||||||||||
For the Year Ended December 28, 2012
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
As Revised in the Form 8-K/A filed on June 25, 2013
|
||||||||||||||||||||||||
Revenues
|
$ | — | $ | — | $ | 6,713.8 | $ | 4,420.9 | $ | (162.2 | ) | $ | 10,972.5 | |||||||||||
Cost of revenues
|
— | — | (6,305.0 | ) | (4,151.7 | ) | 162.2 | (10,294.5 | ) | |||||||||||||||
General and administrative expenses
|
(83.2 | ) | — | — | (0.4 | ) | — | (83.6 | ) | |||||||||||||||
Acquisition-related expenses
|
(6.7 | ) | — | — | (9.4 | ) | — | (16.1 | ) | |||||||||||||||
Equity in income (loss) in subsidiaries
|
297.8 | 20.7 | 149.6 | (12.7 | ) | (455.4 | ) | — | ||||||||||||||||
Equity in income of unconsolidated joint ventures
|
— | — | 21.5 | 86.1 | — | 107.6 | ||||||||||||||||||
Intercompany royalty and general and administrative charges
|
140.6 | — | (122.3 | ) | (18.3 | ) | — | — | ||||||||||||||||
Operating income (loss)
|
348.5 | 20.7 | 457.6 | 314.5 | (455.4 | ) | 685.9 | |||||||||||||||||
Interest expense
|
(36.2 | ) | (22.9 | ) | (0.8 | ) | (10.8 | ) | — | (70.7 | ) | |||||||||||||
Intercompany interest income
|
7.8 | 2.6 | 23.0 | 2.0 | (35.4 | ) | — | |||||||||||||||||
Intercompany interest expense
|
(1.4 | ) | — | (7.3 | ) | (26.7 | ) | 35.4 | — | |||||||||||||||
Other income (expenses)
|
(0.3 | ) | — | — | 0.8 | — | 0.5 | |||||||||||||||||
Income (loss) before income taxes
|
318.4 | 0.4 | 472.5 | 279.8 | (455.4 | ) | 615.7 | |||||||||||||||||
Income tax benefit (expense)
|
(7.8 | ) | 7.6 | (174.7 | ) | (15.0 | ) | — | (189.9 | ) | ||||||||||||||
Net income (loss) including noncontrolling interests
|
310.6 | 8.0 | 297.8 | 264.8 | (455.4 | ) | 425.8 | |||||||||||||||||
Noncontrolling interests in income of consolidated subsidiaries
|
— | — | — | (115.2 | ) | — | (115.2 | ) | ||||||||||||||||
Net income (loss) attributable to URS
|
$ | 310.6 | $ | 8.0 | $ | 297.8 | $ | 149.6 | $ | (455.4 | ) | $ | 310.6 | |||||||||||
Comprehensive income (loss) attributable to URS
|
$ | 308.2 | $ | 8.0 | $ | 282.5 | $ | 170.8 | $ | (461.3 | ) | $ | 308.2 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|
||||||||||||||||||||||||
For the Year Ended December 30, 2011
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
As Reported in the Form 8-K filed on April 17, 2013
|
||||||||||||||||||||||||
Revenues
|
$ | — | $ | — | $ | 6,924.6 | $ | 3,125.9 | $ | (505.5 | ) | $ | 9,545.0 | |||||||||||
Cost of revenues
|
— | — | (6,556.0 | ) | (2,938.3 | ) | 505.5 | (8,988.8 | ) | |||||||||||||||
General and administrative expenses
|
(81.2 | ) | — | — | 1.7 | — | (79.5 | ) | ||||||||||||||||
Acquisition-related expenses
|
— | — | (1.0 | ) | — | — | (1.0 | ) | ||||||||||||||||
Restructuring costs
|
— | — | — | (5.5 | ) | — | (5.5 | ) | ||||||||||||||||
Goodwill impairment
|
— | — | (601.7 | ) | (224.1 | ) | — | (825.8 | ) | |||||||||||||||
Equity in income (loss) in subsidiaries
|
(487.6 | ) | — | (78.7 | ) | — | 566.3 | — | ||||||||||||||||
Equity in income of unconsolidated joint ventures
|
— | — | 8.6 | 123.6 | — | 132.2 | ||||||||||||||||||
Operating income (loss)
|
(568.8 | ) | — | (304.2 | ) | 83.3 | 566.3 | (223.4 | ) | |||||||||||||||
Interest expense
|
118.1 | — | (121.9 | ) | (18.3 | ) | — | (22.1 | ) | |||||||||||||||
Income (loss) before income taxes
|
(450.7 | ) | — | (426.1 | ) | 65.0 | 566.3 | (245.5 | ) | |||||||||||||||
Income tax benefit (expense)
|
(15.1 | ) | — | (61.5 | ) | (15.2 | ) | — | (91.8 | ) | ||||||||||||||
Net income (loss) including noncontrolling interests
|
(465.8 | ) | — | (487.6 | ) | 49.8 | 566.3 | (337.3 | ) | |||||||||||||||
Noncontrolling interests in income of consolidated subsidiaries
|
— | — | — | (128.5 | ) | — | (128.5 | ) | ||||||||||||||||
Net income (loss) attributable to URS
|
$ | (465.8 | ) | $ | — | $ | (487.6 | ) | $ | (78.7 | ) | $ | 566.3 | $ | (465.8 | ) | ||||||||
Comprehensive income (loss) attributable to URS
|
$ | (539.7 | ) | $ | — | $ | (573.1 | ) | $ | (135.2 | ) | $ | 708.3 | $ | (539.7 | ) |
For the Year Ended December 30, 2011
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
Condensed Consolidating Statement of Operations Data:
|
||||||||||||||||||||||||
Adjustments
|
||||||||||||||||||||||||
Intercompany royalty and general and administrative charges
|
$ | 136.9 | $ | — | $ | (122.6 | ) | $ | (14.3 | ) | $ | — | $ | — | ||||||||||
Operating income (loss)
|
136.9 | — | (122.6 | ) | (14.3 | ) | — | — | ||||||||||||||||
Interest expense
|
(139.0 | ) | — | 121.3 | 17.7 | — | — | |||||||||||||||||
Intercompany interest income
|
2.9 | — | 1.7 | 1.7 | (6.3 | ) | — | |||||||||||||||||
Intercompany interest expense
|
(0.8 | ) | — | (0.4 | ) | (5.1 | ) | 6.3 | — |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|
||||||||||||||||||||||||
For the Year Ended December 30, 2011
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
As Revised in the Form 8-K/A filed on June 25, 2013
|
||||||||||||||||||||||||
Revenues
|
$ | — | $ | — | $ | 6,924.6 | $ | 3,125.9 | $ | (505.5 | ) | $ | 9,545.0 | |||||||||||
Cost of revenues
|
— | — | (6,556.0 | ) | (2,938.3 | ) | 505.5 | (8,988.8 | ) | |||||||||||||||
General and administrative expenses
|
(81.2 | ) | — | — | 1.7 | — | (79.5 | ) | ||||||||||||||||
Acquisition-related expenses
|
— | — | (1.0 | ) | — | — | (1.0 | ) | ||||||||||||||||
Restructuring costs
|
— | — | — | (5.5 | ) | — | (5.5 | ) | ||||||||||||||||
Goodwill impairment
|
— | — | (601.7 | ) | (224.1 | ) | — | (825.8 | ) | |||||||||||||||
Equity in income (loss) in subsidiaries
|
(487.6 | ) | — | (78.7 | ) | — | 566.3 | — | ||||||||||||||||
Equity in income of unconsolidated joint ventures
|
— | — | 8.6 | 123.6 | — | 132.2 | ||||||||||||||||||
Intercompany royalty and general and administrative charges
|
136.9 | — | (122.6 | ) | (14.3 | ) | — | — | ||||||||||||||||
Operating income (loss)
|
(431.9 | ) | — | (426.8 | ) | 69.0 | 566.3 | (223.4 | ) | |||||||||||||||
Interest expense
|
(20.9 | ) | — | (0.6 | ) | (0.6 | ) | — | (22.1 | ) | ||||||||||||||
Intercompany interest income
|
2.9 | — | 1.7 | 1.7 | (6.3 | ) | — | |||||||||||||||||
Intercompany interest expense
|
(0.8 | ) | — | (0.4 | ) | (5.1 | ) | 6.3 | — | |||||||||||||||
Income (loss) before income taxes
|
(450.7 | ) | — | (426.1 | ) | 65.0 | 566.3 | (245.5 | ) | |||||||||||||||
Income tax benefit (expense)
|
(15.1 | ) | — | (61.5 | ) | (15.2 | ) | — | (91.8 | ) | ||||||||||||||
Net income (loss) including noncontrolling interests
|
(465.8 | ) | — | (487.6 | ) | 49.8 | 566.3 | (337.3 | ) | |||||||||||||||
Noncontrolling interests in income of consolidated subsidiaries
|
— | — | — | (128.5 | ) | — | (128.5 | ) | ||||||||||||||||
Net income (loss) attributable to URS
|
$ | (465.8 | ) | $ | — | $ | (487.6 | ) | $ | (78.7 | ) | $ | 566.3 | $ | (465.8 | ) | ||||||||
Comprehensive income (loss) attributable to URS
|
$ | (539.7 | ) | $ | — | $ | (573.1 | ) | $ | (135.2 | ) | $ | 708.3 | $ | (539.7 | ) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|
||||||||||||||||||||||||
For the Year Ended December 31, 2010
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
As Reported in the Form 8-K filed on April 17, 2013
|
||||||||||||||||||||||||
Revenues
|
$ | — | $ | — | $ | 6,923.7 | $ | 2,673.4 | $ | (420.0 | ) | $ | 9,177.1 | |||||||||||
Cost of revenues
|
— | — | (6,541.8 | ) | (2,487.7 | ) | 420.0 | (8,609.5 | ) | |||||||||||||||
General and administrative expenses
|
(76.6 | ) | — | — | 5.6 | — | (71.0 | ) | ||||||||||||||||
Acquisition-related expenses
|
— | — | — | (11.9 | ) | — | (11.9 | ) | ||||||||||||||||
Restructuring costs
|
— | — | — | (10.6 | ) | — | (10.6 | ) | ||||||||||||||||
Equity in income (loss) in subsidiaries
|
268.2 | — | 172.9 | — | (441.1 | ) | — | |||||||||||||||||
Equity in income of unconsolidated joint ventures
|
— | — | 9.6 | 60.7 | — | 70.3 | ||||||||||||||||||
Operating income (loss)
|
191.6 | — | 564.4 | 229.5 | (441.1 | ) | 544.4 | |||||||||||||||||
Interest expense
|
117.0 | — | (124.6 | ) | (23.0 | ) | — | (30.6 | ) | |||||||||||||||
Income (loss) before income taxes
|
308.6 | — | 439.8 | 206.5 | (441.1 | ) | 513.8 | |||||||||||||||||
Income tax benefit (expense)
|
(20.7 | ) | — | (171.6 | ) | 64.7 | — | (127.6 | ) | |||||||||||||||
Net income (loss) including noncontrolling interests
|
287.9 | — | 268.2 | 271.2 | (441.1 | ) | 386.2 | |||||||||||||||||
Noncontrolling interests in income of consolidated subsidiaries
|
— | — | — | (98.3 | ) | — | (98.3 | ) | ||||||||||||||||
Net income (loss) attributable to URS
|
$ | 287.9 | $ | — | $ | 268.2 | $ | 172.9 | $ | (441.1 | ) | $ | 287.9 | |||||||||||
Comprehensive income (loss) attributable to URS
|
$ | 300.2 | $ | — | $ | 265.2 | $ | 189.3 | $ | (454.5 | ) | $ | 300.2 |
For the Year Ended December 31, 2010
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
Condensed Consolidating Statement of Operations Data:
|
||||||||||||||||||||||||
Adjustments
|
||||||||||||||||||||||||
Equity in income (loss) in subsidiaries
|
$ | — | $ | — | $ | 11.8 | $ | — | $ | (11.8 | ) | $ | — | |||||||||||
Intercompany royalty and general and administrative charges
|
146.4 | — | (138.5 | ) | (7.9 | ) | — | — | ||||||||||||||||
Operating income (loss)
|
146.4 | — | (126.7 | ) | (7.9 | ) | (11.8 | ) | — | |||||||||||||||
Interest expense
|
(148.4 | ) | — | 126.8 | 21.6 | — | — | |||||||||||||||||
Intercompany interest income
|
2.7 | — | 1.2 | 1.9 | (5.8 | ) | — | |||||||||||||||||
Intercompany interest expense
|
(0.7 | ) | — | (1.3 | ) | (3.8 | ) | 5.8 | — | |||||||||||||||
Income (loss) before income taxes
|
— | — | — | 11.8 | (11.8 | ) | — | |||||||||||||||||
Net income (loss) including noncontrolling interests
|
— | — | — | 11.8 | (11.8 | ) | — | |||||||||||||||||
Net income (loss) attributable to URS
|
— | — | — | 11.8 | (11.8 | ) | — | |||||||||||||||||
Comprehensive income (loss) attributable to URS
|
— | — | — | 11.8 | (11.8 | ) | — |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|
||||||||||||||||||||||||
For the Year Ended December 31, 2010
|
||||||||||||||||||||||||
(in millions)
|
Issuer
Parent
|
Issuer
Fox LP
|
Guarantors
|
Non-
Guarantors
|
Eliminations
|
Consolidated
|
||||||||||||||||||
As Revised in the Form 8-K/A filed on June 25, 2013
|
||||||||||||||||||||||||
Revenues
|
$ | — | $ | — | $ | 6,923.7 | $ | 2,673.4 | $ | (420.0 | ) | $ | 9,177.1 | |||||||||||
Cost of revenues
|
— | — | (6,541.8 | ) | (2,487.7 | ) | 420.0 | (8,609.5 | ) | |||||||||||||||
General and administrative expenses
|
(76.6 | ) | — | — | 5.6 | — | (71.0 | ) | ||||||||||||||||
Acquisition-related expenses
|
— | — | — | (11.9 | ) | — | (11.9 | ) | ||||||||||||||||
Restructuring costs
|
— | — | — | (10.6 | ) | — | (10.6 | ) | ||||||||||||||||
Equity in income (loss) in subsidiaries
|
268.2 | — | 184.7 | — | (452.9 | ) | — | |||||||||||||||||
Equity in income of unconsolidated joint ventures
|
— | — | 9.6 | 60.7 | — | 70.3 | ||||||||||||||||||
Intercompany royalty and general and administrative charges
|
146.4 | — | (138.5 | ) | (7.9 | ) | — | — | ||||||||||||||||
Operating income (loss)
|
338.0 | — | 437.7 | 221.6 | (452.9 | ) | 544.4 | |||||||||||||||||
Interest expense
|
(31.4 | ) | — | 2.2 | (1) | (1.4 | ) | — | (30.6 | ) | ||||||||||||||
Intercompany interest income
|
2.7 | — | 1.2 | 1.9 | (5.8 | ) | — | |||||||||||||||||
Intercompany interest expense
|
(0.7 | ) | — | (1.3 | ) | (3.8 | ) | 5.8 | — | |||||||||||||||
Income (loss) before income taxes
|
308.6 | — | 439.8 | 218.3 | (452.9 | ) | 513.8 | |||||||||||||||||
Income tax benefit (expense)
|
(20.7 | ) | — | (171.6 | ) | 64.7 | — | (127.6 | ) | |||||||||||||||
Net income (loss) including noncontrolling interests
|
287.9 | — | 268.2 | 283.0 | (452.9 | ) | 386.2 | |||||||||||||||||
Noncontrolling interests in income of consolidated subsidiaries
|
— | — | — | (98.3 | ) | — | (98.3 | ) | ||||||||||||||||
Net income (loss) attributable to URS
|
$ | 287.9 | $ | — | $ | 268.2 | $ | 184.7 | $ | (452.9 | ) | $ | 287.9 | |||||||||||
Comprehensive income (loss) attributable to URS
|
$ | 300.2 | $ | — | $ | 265.2 | $ | 201.1 | $ | (466.3 | ) | $ | 300.2 |
(1)
|
Amount represents a credit adjustment to interest expense related to uncertain tax positions.
|
|
•
|
The Company is responsible for the adequacy and accuracy of the disclosure in its filings;
|
|
•
|
Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any action with respect to the Company's filings; and
|
|
•
|
The Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the Federal securities laws of the United States.
|