1-7567
|
94-1381538
|
|
(Commission File No.)
|
(IRS Employer Identification No.)
|
o
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
o
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
o
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
o
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
URS CORPORATION
|
|||
Dated: November 5, 2013
|
By:
|
/s/ Reed N. Brimhall | |
Reed N. Brimhall
|
|||
Vice President and Chief Accounting Officer
|
|||
Exhibit No.
|
Description
|
|
99.1
|
Contacts:
|
||
URS Corporation
Sam Ramraj
Vice President,
Investor Relations
(415) 774-2700
|
Sard Verbinnen & Co
Jamie Tully/Delia Cannan
(212) 687-8080
|
·
|
Revenues were $2.7 billion.
|
·
|
GAAP Net Income was $88.8 million, or $1.20 per share on a diluted basis.
|
·
|
Cash EPS was $1.42*.
|
·
|
Cash flow from operations was $268.0 million.
|
·
|
EBITDA was $217.2 million*.
|
·
|
Book of business at the end of the quarter was $23.3 billion, including backlog of $11.6 billion.
|
·
|
Company to correct excess goodwill impairment charge overstated in fiscal year 2011.
|
|
September 27, 2013
|
December 28, 2012
|
||||||
ASSETS
|
|
As Restated
|
||||||
Current assets:
|
|
|
||||||
Cash and cash equivalents
|
$ | 314.2 | $ | 314.5 | ||||
Accounts receivable, including retentions of $130.2 and $114.4, respectively
|
1,464.8 | 1,554.8 | ||||||
Costs and accrued earnings in excess of billings on contracts
|
1,459.7 | 1,384.3 | ||||||
Less receivable allowances
|
(63.1 | ) | (69.7 | ) | ||||
Net accounts receivable
|
2,861.4 | 2,869.4 | ||||||
Deferred tax assets
|
46.5 | 67.6 | ||||||
Inventory
|
53.7 | 61.5 | ||||||
Other current assets
|
227.2 | 204.2 | ||||||
Total current assets
|
3,503.0 | 3,517.2 | ||||||
Investments in and advances to unconsolidated joint ventures
|
252.8 | 278.3 | ||||||
Property and equipment, net
|
631.1 | 687.5 | ||||||
Intangible assets, net
|
604.1 | 692.2 | ||||||
Goodwill
|
3,703.3 | 3,721.6 | ||||||
Other long-term assets
|
396.0 | 364.2 | ||||||
Total assets
|
$ | 9,090.3 | $ | 9,261.0 | ||||
LIABILITIES AND EQUITY
|
||||||||
Current liabilities:
|
||||||||
Current portion of long-term debt
|
$ | 92.2 | $ | 71.8 | ||||
Accounts payable and subcontractors payable, including retentions of $34.9 and $32.3, respectively
|
697.5 | 803.5 | ||||||
Accrued salaries and employee benefits
|
556.1 | 558.8 | ||||||
Billings in excess of costs and accrued earnings on contracts
|
225.1 | 289.1 | ||||||
Other current liabilities
|
257.3 | 277.8 | ||||||
Total current liabilities
|
1,828.2 | 2,001.0 | ||||||
Long-term debt
|
1,903.0 | 1,992.5 | ||||||
Deferred tax liabilities
|
399.3 | 379.9 | ||||||
Self-insurance reserves
|
132.0 | 129.8 | ||||||
Pension and post-retirement benefit obligations
|
278.5 | 300.9 | ||||||
Other long-term liabilities
|
277.4 | 271.0 | ||||||
Total liabilities
|
4,818.4 | 5,075.1 | ||||||
Commitments and contingencies
|
||||||||
URS stockholders’ equity:
|
||||||||
Preferred stock, authorized 3.0 shares; no shares outstanding
|
— | — | ||||||
Common stock, par value $.01; authorized 200.0 shares; 88.9 and 88.9 shares issued, respectively; and 74.8 and 76.8 shares outstanding, respectively
|
0.9 | 0.9 | ||||||
Treasury stock, 14.1 and 12.1 shares at cost, respectively
|
(588.2 | ) | (494.9 | ) | ||||
Additional paid-in capital
|
3,038.0 | 3,003.9 | ||||||
Accumulated other comprehensive loss
|
(154.6 | ) | (113.2 | ) | ||||
Retained earnings
|
1,827.4 | 1,647.3 | ||||||
Total URS stockholders’ equity
|
4,123.5 | 4,044.0 | ||||||
Noncontrolling interests
|
148.4 | 141.9 | ||||||
Total stockholders’ equity
|
4,271.9 | 4,185.9 | ||||||
Total liabilities and stockholders’ equity
|
$ | 9,090.3 | $ | 9,261.0 |
|
Three Months Ended
|
Nine Months Ended
|
||||||||||||||
|
September 27,
|
September 28,
|
September 27,
|
September 28,
|
||||||||||||
|
2013
|
2012
|
2013
|
2012
|
||||||||||||
|
|
|
|
|
||||||||||||
Revenues
|
$ | 2,735.5 | $ | 2,947.6 | $ | 8,330.0 | $ | 7,999.8 | ||||||||
Cost of revenues
|
(2,559.0 | ) | (2,753.3 | ) | (7,851.9 | ) | (7,484.0 | ) | ||||||||
General and administrative expenses
|
(14.3 | ) | (22.6 | ) | (59.9 | ) | (62.0 | ) | ||||||||
Acquisition-related expenses
|
— | 0.8 | — | (16.1 | ) | |||||||||||
Equity in income (loss) of unconsolidated joint ventures
|
17.1 | 31.1 | 59.1 | 76.8 | ||||||||||||
Operating income (loss)
|
179.3 | 203.6 | 477.3 | 514.5 | ||||||||||||
Interest expense
|
(23.2 | ) | (20.5 | ) | (65.8 | ) | (51.0 | ) | ||||||||
Other income (expenses)
|
1.6 | 10.8 | (4.2 | ) | 4.1 | |||||||||||
Income (loss) before income taxes
|
157.7 | 193.9 | 407.3 | 467.6 | ||||||||||||
Income tax expense
|
(42.3 | ) | (66.1 | ) | (123.4 | ) | (155.2 | ) | ||||||||
Net income (loss) including noncontrolling interests
|
115.4 | 127.8 | 283.9 | 312.4 | ||||||||||||
Noncontrolling interests in income of consolidated subsidiaries
|
(26.6 | ) | (21.1 | ) | (55.9 | ) | (72.4 | ) | ||||||||
Net income (loss) attributable to URS
|
$ | 88.8 | $ | 106.7 | $ | 228.0 | $ | 240.0 | ||||||||
|
||||||||||||||||
|
||||||||||||||||
Earnings per share:
|
||||||||||||||||
Basic
|
$ | 1.21 | $ | 1.43 | $ | 3.08 | $ | 3.23 | ||||||||
Diluted
|
$ | 1.20 | $ | 1.43 | $ | 3.07 | $ | 3.22 | ||||||||
Weighted-average shares outstanding:
|
||||||||||||||||
Basic
|
73.6 | 74.5 | 73.9 | 74.2 | ||||||||||||
Diluted
|
73.9 | 74.6 | 74.3 | 74.5 | ||||||||||||
|
||||||||||||||||
Cash dividends declared per share
|
$ | 0.21 | $ | 0.20 | $ | 0.63 | $ | 0.60 |
|
Three Months Ended
|
Nine Months Ended
|
||||||||||||||
|
September 27,
|
September 28,
|
September 27,
|
September 28,
|
||||||||||||
|
2013
|
2012
|
2013
|
2012
|
||||||||||||
Cash flows from operating activities:
|
|
|
|
|
||||||||||||
Net income (loss) including noncontrolling interests
|
$ | 115.4 | $ | 127.8 | $ | 283.9 | $ | 312.4 | ||||||||
Adjustments to reconcile net income (loss) to net cash from operating activities:
|
||||||||||||||||
Depreciation and amortization
|
36.6 | 41.3 | 115.7 | 91.7 | ||||||||||||
Amortization of intangible assets
|
26.3 | 31.2 | 80.8 | 73.8 | ||||||||||||
Amortization of debt issuance costs and discount/premium
|
0.1 | (0.2 | ) | 0.4 | 2.3 | |||||||||||
Foreign currency (gains) losses related to foreign currency derivatives and intercompany loans
|
(1.6 | ) | (10.8 | ) | 4.2 | (4.1 | ) | |||||||||
Normal profit
|
0.2 | (2.2 | ) | (0.7 | ) | (4.6 | ) | |||||||||
Provision for doubtful accounts
|
(0.8 | ) | 0.9 | 1.6 | 0.9 | |||||||||||
Gain on disposal of property and equipment
|
(12.7 | ) | (2.1 | ) | (22.2 | ) | (3.1 | ) | ||||||||
Deferred income taxes
|
23.6 | (16.4 | ) | 36.0 | 2.5 | |||||||||||
Stock-based compensation
|
13.0 | 11.2 | 35.7 | 32.5 | ||||||||||||
Excess tax benefits from stock-based compensation
|
— | — | (1.6 | ) | — | |||||||||||
Equity in income of unconsolidated joint ventures
|
(17.1 | ) | (31.1 | ) | (59.1 | ) | (76.8 | ) | ||||||||
Dividends received from unconsolidated joint ventures
|
22.6 | 21.4 | 74.7 | 67.9 | ||||||||||||
Changes in operating assets, liabilities and other, net of effects of business acquisitions:
|
||||||||||||||||
Accounts receivable and costs and accrued earnings in excess of billings on contracts
|
(107.9 | ) | (5.1 | ) | 19.0 | (129.0 | ) | |||||||||
Inventory
|
1.3 | — | 7.8 | 0.8 | ||||||||||||
Other current assets
|
(5.5 | ) | 3.0 | 9.5 | (10.0 | ) | ||||||||||
Collections from/(advances to) unconsolidated joint ventures
|
(0.3 | ) | 0.4 | 2.9 | (0.7 | ) | ||||||||||
Accounts payable, accrued salaries and employee benefits, and other current liabilities
|
160.9 | 220.7 | (118.1 | ) | 50.4 | |||||||||||
Billings in excess of costs and accrued earnings on contracts
|
(37.8 | ) | (4.3 | ) | (58.5 | ) | (38.6 | ) | ||||||||
Other long-term liabilities
|
(13.4 | ) | (6.5 | ) | 12.5 | (9.2 | ) | |||||||||
Other long-term assets
|
65.1 | (100.4 | ) | (66.2 | ) | (60.0 | ) | |||||||||
Total adjustments and changes
|
152.6 | 151.0 | 74.4 | (13.3 | ) | |||||||||||
Net cash from operating activities
|
268.0 | 278.8 | 358.3 | 299.1 | ||||||||||||
Cash flows from investing activities:
|
||||||||||||||||
Payments for business acquisitions, net of cash acquired
|
— | — | — | (1,345.7 | ) | |||||||||||
Proceeds from disposal of property and equipment
|
6.6 | 4.2 | 32.6 | 17.2 | ||||||||||||
Payments in settlement of foreign currency forward contract
|
— | — | — | (1,260.6 | ) | |||||||||||
Receipts in settlement of foreign currency forward contract
|
— | — | — | 1,260.3 | ||||||||||||
Investments in unconsolidated joint ventures
|
— | (3.4 | ) | (0.1 | ) | (5.4 | ) | |||||||||
Changes in restricted cash
|
2.9 | 3.8 | 4.6 | 3.8 | ||||||||||||
Capital expenditures, less equipment purchased through capital leases and equipment notes
|
(22.3 | ) | (52.8 | ) | (68.2 | ) | (101.8 | ) | ||||||||
Net cash from investing activities
|
(12.8 | ) | (48.2 | ) | (31.1 | ) | (1,432.2 | ) |
|
Three Months Ended
|
Nine Months Ended
|
||||||||||||||
|
September 27,
|
September 28,
|
September 27,
|
September 28,
|
||||||||||||
|
2013
|
2012
|
2013
|
2012
|
||||||||||||
Cash flows from financing activities:
|
|
|
|
|
||||||||||||
Borrowings from long-term debt
|
— | — | — | 998.9 | ||||||||||||
Payments on long-term debt
|
(1.3 | ) | (1.3 | ) | (3.6 | ) | (4.4 | ) | ||||||||
Borrowings from revolving line of credit
|
71.0 | — | 929.4 | 560.0 | ||||||||||||
Payments on revolving line of credit
|
(164.6 | ) | (170.0 | ) | (987.2 | ) | (433.6 | ) | ||||||||
Net payments under foreign lines of credit and short-term notes
|
(6.5 | ) | (6.1 | ) | (21.1 | ) | (12.7 | ) | ||||||||
Net change in overdrafts
|
(41.7 | ) | (26.7 | ) | (55.1 | ) | 4.1 | |||||||||
Payments on capital lease obligations
|
(4.8 | ) | (5.1 | ) | (13.9 | ) | (10.1 | ) | ||||||||
Payments of debt issuance costs
|
— | — | — | (8.8 | ) | |||||||||||
Excess tax benefits from stock-based compensation
|
— | — | 1.6 | — | ||||||||||||
Proceeds from employee stock purchases and exercises of stock options
|
1.3 | 1.5 | 14.6 | 7.7 | ||||||||||||
Distributions to noncontrolling interests
|
(17.5 | ) | (16.7 | ) | (49.2 | ) | (51.9 | ) | ||||||||
Contributions and advances from noncontrolling interests
|
— | 0.1 | — | 2.3 | ||||||||||||
Dividends paid
|
(15.4 | ) | (14.9 | ) | (46.8 | ) | (29.8 | ) | ||||||||
Repurchases of common stock
|
— | — | (93.3 | ) | (40.0 | ) | ||||||||||
Net cash from financing activities
|
(179.5 | ) | (239.2 | ) | (324.6 | ) | 981.7 | |||||||||
Net change in cash and cash equivalents
|
75.7 | (8.6 | ) | 2.6 | (151.4 | ) | ||||||||||
Effect of foreign exchange rate changes on cash and cash equivalents
|
4.4 | 10.0 | (2.9 | ) | 4.6 | |||||||||||
Cash and cash equivalents at beginning of period
|
234.1 | 287.8 | 314.5 | 436.0 | ||||||||||||
Cash and cash equivalents at end of period
|
$ | 314.2 | $ | 289.2 | $ | 314.2 | $ | 289.2 | ||||||||
|
||||||||||||||||
Supplemental information:
|
||||||||||||||||
Interest paid
|
$ | 6.3 | $ | 8.5 | $ | 46.7 | $ | 26.8 | ||||||||
Taxes (refunded) paid
|
$ | (8.9 | ) | $ | 10.8 | $ | 89.3 | $ | 93.5 | |||||||
|
||||||||||||||||
Supplemental schedule of non-cash investing and
financing activities:
|
||||||||||||||||
Equipment acquired with capital lease obligations and equipment note obligations
|
$ | 7.4 | $ | 5.7 | $ | 36.0 | $ | 16.2 | ||||||||
Cash dividends declared but not paid
|
$ | 1.9 | $ | 0.5 | $ | 17.9 | $ | 16.2 |
|
|
Three Months Ended
|
|
|
Nine Months Ended
|
|||||||||
|
September 27, 2013
|
|
September 28, 2012
|
|
September 27, 2013
|
|
September 28, 2012
|
|||||||
(In millions, except per share data)
|
|
|
|
|
|
|
||||||||
Cash EPS
|
|
$
|
1.42
|
|
|
$
|
1.71
|
|
|
$
|
3.80
|
|
$
|
3.90
|
Intangible amortization expense, net of tax (1)
|
|
|
(0.22)
|
|
|
|
(0.28)
|
|
|
|
(0.73)
|
|
|
(0.68)
|
Diluted EPS
|
|
$
|
1.20
|
|
|
$
|
1.43
|
|
|
$
|
3.07
|
|
$
|
3.22
|
(1)
|
Amounts are net of tax effects of $0.14 and $0.13 for the quarters ended September 27, 2013 and September 28, 2012, respectively, and $0.36 and $0.31 for the nine months ended September 27, 2013 and September 28, 2012, respectively.
|
|
|
Fiscal Year Ending on
January 3, 2014
|
||||
(In millions, except per share data)
|
Lower Range
|
|
Upper Range
|
|||
Cash EPS
|
|
$
|
5.05
|
|
$
|
5.20
|
Intangible amortization expense, net of tax (2)
|
|
|
(0.95)
|
|
|
(0.95)
|
Diluted EPS
|
|
$
|
4.10
|
|
$
|
4.25
|
(2)
|
Amounts are net of tax effects of $0.47.
|
|
Three Months Ended
|
Nine Months Ended
|
||||||||||||||
|
September 27, 2013
|
September 28, 2012
|
September 27, 2013
|
September 28, 2012
|
||||||||||||
(In millions)
|
|
|
|
|
||||||||||||
EBITDA
|
$ | 217.2 | $ | 265.8 | $ | 613.7 | $ | 611.7 | ||||||||
Interest expense
|
(23.2 | ) | (20.5 | ) | (65.8 | ) | (51.0 | ) | ||||||||
Income tax benefit (expense)
|
(42.3 | ) | (66.1 | ) | (123.4 | ) | (155.2 | ) | ||||||||
Depreciation and amortization
|
(36.6 | ) | (41.3 | ) | (115.7 | ) | (91.7 | ) | ||||||||
Amortization of intangible assets
|
(26.3 | ) | (31.2 | ) | (80.8 | ) | (73.8 | ) | ||||||||
Net income (loss) attributable to URS
|
$ | 88.8 | $ | 106.7 | $ | 228.0 | $ | 240.0 |
|
Three Months Ended
|
|||||||||||||||
|
September 27, 2013
|
September 28, 2012
|
||||||||||||||
(In millions, except per share data)
|
Net Income
|
Diluted EPS
|
Net Income
|
Diluted EPS
|
||||||||||||
Before the impact of acquisition-related expense and other income (expense)
|
$ | 87.2 | $ | 1.18 | $ | 95.8 | $ | 1.28 | ||||||||
Adjustment to acquisition-related expense, net of tax (1)
|
— | — | 0.6 | .01 | ||||||||||||
Other income (expense), net of tax (2)
|
1.6 | .02 | 10.3 | .14 | ||||||||||||
Net income (loss) and diluted EPS
|
$ | 88.8 | $ | 1.20 | $ | 106.7 | $ | 1.43 | ||||||||
|
||||||||||||||||
|
Nine Months Ended
|
|||||||||||||||
|
September 27, 2013
|
September 28, 2012
|
||||||||||||||
(In millions, except per share data)
|
Net Income
|
Diluted EPS
|
Net Income
|
Diluted EPS
|
||||||||||||
Before the impact of acquisition-related expense and other income (expense)
|
$ | 232.1 | $ | 3.13 | $ | 251.0 | $ | 3.37 | ||||||||
Acquisition-related expense, net of tax (1)
|
— | — | (14.6 | ) | (0.20 | ) | ||||||||||
Other income (expense), net of tax (2)
|
(4.1 | ) | (0.06 | ) | 3.6 | 0.05 | ||||||||||
Net income (loss) and diluted EPS
|
$ | 228.0 | $ | 3.07 | $ | 240.0 | $ | 3.22 |
(1)
|
The tax effects of the acquisition-related costs on Net Income and EPS for the three months ended September 28, 2012 were $0.2 million and $0.00, respectively. The tax effects of the acquisition-related costs on Net Income and EPS for the nine months ended September 28, 2012 were $1.5 million and $0.02, respectively.
|
(2)
|
Other income (expense) consists of foreign currency gains (losses) related to intercompany loans and foreign currency derivatives. The following tables show the tax effects of this line item:
|
|
Three Months Ended
|
|||||||||||||||
|
September 27, 2013
|
September 28, 2012
|
||||||||||||||
(In millions, except per share data)
|
Net Income
|
Diluted EPS
|
Net Income
|
Diluted EPS
|
||||||||||||
Tax effect of other income (expense)
|
$ | — | $ | — | $ | (0.5 | ) | $ | (0.01 | ) | ||||||
|
Nine Months Ended
|
|||||||||||||||
|
September 27, 2013
|
September 28, 2012
|
||||||||||||||
(In millions, except per share data)
|
Net Income
|
Diluted EPS
|
Net Income
|
Diluted EPS
|
||||||||||||
Tax effect of other income (expense)
|
$ | 0.1 | $ | — | $ | (0.5 | ) | $ | (0.01 | ) |
(In millions)
|
Infrastructure &
Environment
|
Federal
Services
|
Energy &
Construction
|
Oil & Gas
|
Total
|
|||||||||||||||
As of September 27, 2013
|
|
|
|
|
|
|||||||||||||||
Backlog
|
$ | 3,018.1 | $ | 2,664.5 | $ | 5,425.0 | $ | 523.6 | $ | 11,631.2 | ||||||||||
Option years
|
154.1 | 1,926.7 | 1,802.4 | — | 3,883.2 | |||||||||||||||
Indefinite delivery contracts
|
3,252.8 | 3,261.7 | 236.0 | 990.6 | 7,741.1 | |||||||||||||||
Total book of business
|
$ | 6,425.0 | $ | 7,852.9 | $ | 7,463.4 | $ | 1,514.2 | $ | 23,255.5 | ||||||||||
|
||||||||||||||||||||
As of December 28, 2012
|
||||||||||||||||||||
Backlog
|
$ | 3,028.4 | $ | 3,476.9 | $ | 5,947.1 | $ | 823.8 | $ | 13,276.2 | ||||||||||
Option years
|
197.3 | 2,728.1 | 2,056.8 | — | 4,982.2 | |||||||||||||||
Indefinite delivery contracts
|
2,572.4 | 3,238.7 | 236.0 | 611.7 | 6,658.8 | |||||||||||||||
Total book of business
|
$ | 5,798.1 | $ | 9,443.7 | $ | 8,239.9 | $ | 1,435.5 | $ | 24,917.2 |
|
September 27,
|
December 28,
|
||||||
(In millions)
|
2013
|
2012
|
||||||
Backlog by market sector:
|
|
|
||||||
Federal
|
$ | 5,181.3 | $ | 6,546.5 | ||||
Infrastructure
|
2,874.4 | 2,957.6 | ||||||
Oil & Gas
|
1,170.3 | 1,461.3 | ||||||
Power
|
1,289.9 | 1,416.1 | ||||||
Industrial
|
1,115.3 | 894.7 | ||||||
Total backlog
|
$ | 11,631.2 | $ | 13,276.2 |
|
Three Months Ended
|
Nine Months Ended
|
||||||||||||||
(In millions)
|
September 27,
|
September 28,
|
September 27,
|
September 28,
|
||||||||||||
2013
|
2012
|
2013
|
2012
|
|||||||||||||
Revenues
|
|
|
|
|
||||||||||||
Infrastructure & Environment
|
$ | 922.3 | $ | 920.7 | $ | 2,833.2 | $ | 2,851.1 | ||||||||
Federal Services
|
538.9 | 682.8 | 1,776.3 | 2,118.1 | ||||||||||||
Energy & Construction
|
775.5 | 781.5 | 2,168.7 | 2,285.1 | ||||||||||||
Oil & Gas (1)
|
532.6 | 592.2 | 1,672.3 | 869.7 | ||||||||||||
Inter-segment eliminations
|
(33.8 | ) | (29.6 | ) | (120.5 | ) | (124.2 | ) | ||||||||
Total revenues
|
$ | 2,735.5 | $ | 2,947.6 | $ | 8,330.0 | $ | 7,999.8 | ||||||||
Operating income (loss)
|
||||||||||||||||
Infrastructure & Environment
|
$ | 59.3 | $ | 67.1 | $ | 162.1 | $ | 175.7 | ||||||||
Federal Services
|
57.6 | 64.8 | 225.3 | 217.5 | ||||||||||||
Energy & Construction
|
57.4 | 64.6 | 121.1 | 167.5 | ||||||||||||
Oil & Gas (1)
|
19.3 | 28.9 | 28.7 | 31.9 | ||||||||||||
Corporate
|
(14.3 | ) | (21.8 | ) | (59.9 | ) | (78.1 | ) | ||||||||
Total operating income (loss)
|
$ | 179.3 | $ | 203.6 | $ | 477.3 | $ | 514.5 |
(1)
|
The operating results of Flint have been included in our consolidated results since the acquisition on May 14, 2012.
|
(In millions)
|
Federal
|
Infrastructure
|
Oil and Gas
|
Power
|
Industrial
|
Total
|
||||||||||||||||||
Three months ended September 27, 2013
|
|
|
|
|
|
|
||||||||||||||||||
Infrastructure & Environment
|
$ | 137.8 | $ | 414.8 | $ | 139.2 | $ | 63.3 | $ | 147.9 | $ | 903.0 | ||||||||||||
Federal Services
|
538.5 | — | — | — | — | 538.5 | ||||||||||||||||||
Energy & Construction
|
244.9 | 74.3 | 136.4 | 185.1 | 127.0 | 767.7 | ||||||||||||||||||
Oil & Gas
|
— | — | 526.3 | — | — | 526.3 | ||||||||||||||||||
Total
|
$ | 921.2 | $ | 489.1 | $ | 801.9 | $ | 248.4 | $ | 274.9 | $ | 2,735.5 | ||||||||||||
|
||||||||||||||||||||||||
Nine months ended September 27, 2013
|
||||||||||||||||||||||||
Infrastructure & Environment
|
$ | 464.2 | $ | 1,218.4 | $ | 415.9 | $ | 181.2 | $ | 492.7 | $ | 2,772.4 | ||||||||||||
Federal Services
|
1,775.0 | — | — | — | — | 1,775.0 | ||||||||||||||||||
Energy & Construction
|
703.3 | 194.7 | 334.5 | 542.4 | 357.2 | 2,132.1 | ||||||||||||||||||
Oil & Gas
|
— | — | 1,650.5 | — | — | 1,650.5 | ||||||||||||||||||
Total
|
$ | 2,942.5 | $ | 1,413.1 | $ | 2,400.9 | $ | 723.6 | $ | 849.9 | $ | 8,330.0 | ||||||||||||
|
||||||||||||||||||||||||
Three months ended September 28, 2012
|
||||||||||||||||||||||||
Infrastructure & Environment
|
$ | 145.4 | $ | 395.8 | $ | 138.7 | $ | 50.3 | $ | 170.5 | $ | 900.7 | ||||||||||||
Federal Services
|
682.6 | — | — | — | — | 682.6 | ||||||||||||||||||
Energy & Construction
|
273.2 | 68.1 | 97.0 | 240.4 | 93.4 | 772.1 | ||||||||||||||||||
Oil & Gas (1)
|
— | — | 592.2 | — | — | 592.2 | ||||||||||||||||||
Total
|
$ | 1,101.2 | $ | 463.9 | $ | 827.9 | $ | 290.7 | $ | 263.9 | $ | 2,947.6 | ||||||||||||
|
||||||||||||||||||||||||
Nine months ended September 28, 2012
|
||||||||||||||||||||||||
Infrastructure & Environment
|
$ | 500.6 | $ | 1,171.4 | $ | 399.0 | $ | 158.2 | $ | 527.5 | $ | 2,756.7 | ||||||||||||
Federal Services
|
2,117.5 | — | — | — | — | 2,117.5 | ||||||||||||||||||
Energy & Construction
|
810.4 | 178.5 | 186.6 | 752.2 | 328.2 | 2,255.9 | ||||||||||||||||||
Oil & Gas (1)
|
— | — | 869.7 | — | — | 869.7 | ||||||||||||||||||
Total
|
$ | 3,428.5 | $ | 1,349.9 | $ | 1,455.3 | $ | 910.4 | $ | 855.7 | $ | 7,999.8 |
(1)
|
The operating results of Flint have been included in our consolidated results since the acquisition on May 14, 2012.
|