Segment Information

9 Months Ended

Jun. 30, 2015

Segment Information

Segment Information

Note 12 — Segment Information

Business segment financial data is as follows (in millions):

	Nine Months Ended						Three Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
Sales:
Cubic Transportation Systems	$	411.5		$	429.1		$	133.3		$	153.0
Cubic Global Defense Services	298.4			291.7			111.9			91.8
Cubic Global Defense Systems	295.2			281.2			102.6			95.6
Total sales	$	1,005.1		$	1,002.0		$	347.8		$	340.4
Operating income (loss):
Cubic Transportation Systems	$	50.8		$	35.2		$	11.7		$	15.3
Cubic Global Defense Services	4.2			6.0			3.1			1.8
Cubic Global Defense Systems	2.8			16.1			3.2			3.3
Unallocated corporate expenses and other	(17.1		)	(4.1		)	(7.7		)	(1.2		)
Total operating income	$	40.7		$	53.2		$	10.3		$	19.2
Depreciation and amortization:
Cubic Transportation Systems	$	8.4		$	8.5		$	2.8		$	2.7
Cubic Global Defense Services	6.2			8.5			1.9			2.7
Cubic Global Defense Systems	13.3			5.0			3.9			1.8
Other	0.8			0.7			0.1			0.3
Total depreciation and amortization	$	28.7		$	22.7		$	8.7		$	7.5

Changes in estimates on contracts for which revenue is recognized using the cost-to-cost-percentage-of-completion method had no impact on operating income for the three months ended June 30, 2015 and $4.8 million for the three months ended June 30, 2014, and decreased operating income by $13.8 million and $3.8 million for the nine months ended June 30, 2015 and 2014, respectively.

These adjustments increased net income by $0.3 million ($0.01 per share) for the three months ended June 30, 2015 and decreased net income by approximately $2.0 million ($0.07 per share) for the three months ended June 30, 2014, and decreased net income by $10.7 million ($0.40 per share) and $0.3 million ($0.01 per share) for the nine months ended June 30, 2015 and 2014, respectively.