Business Segment Information (Tables)

12 Months Ended

Sep. 30, 2020

Business Segment Information

Schedule of business segment financial data

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

	Years Ended September 30,
	2020		2019		2018
Sales:
Cubic Transportation Systems	$	840.9	$	849.8	$	670.7
Cubic Mission Solutions		337.1		328.8		207.0
Cubic Global Defense Systems		298.2		317.9		325.2
Total sales	$	1,476.2	$	1,496.5	$	1,202.9
Operating income (loss):
Cubic Transportation Systems	$	121.0	$	77.2	$	60.4
Cubic Mission Solutions		(26.7)		7.8		(0.1)
Cubic Global Defense Systems		22.9		23.0		16.6
Unallocated corporate expenses		(55.6)		(21.8)		(52.5)
Total operating income	$	61.6	$	86.2	$	24.4
Assets:
Cubic Transportation Systems	$	1,050.3	$	825.8	$	390.2
Cubic Mission Solutions		703.6		437.9		352.9
Cubic Global Defense		347.5		394.2		360.1
Corporate		222.8		189.3		201.7
Total assets	$	2,324.2	$	1,847.2	$	1,304.9
Depreciation and amortization:
Cubic Transportation Systems	$	29.5	$	30.7	$	12.0
Cubic Mission Solutions		47.8		23.3		22.4
Cubic Global Defense Systems		7.2		6.8		8.5
Corporate		4.0		3.9		3.7
Total depreciation and amortization	$	88.5	$	64.7	$	46.6
Capital expenditures:
Cubic Transportation Systems	$	6.3	$	6.6	$	3.2
Cubic Mission Solutions		15.8		11.1		2.1
Cubic Global Defense		11.7		4.5		9.4
Corporate		15.4		26.9		17.0
Total expenditures for long-lived assets	$	49.2	$	49.1	$	31.7

Schedule of long-lived assets by country

As of September 30,	2020		2019		2018
Long-lived assets, net:
United States	$	148.2	$	128.4	$	106.7
United Kingdom		7.1		5.9		5.7
Other foreign countries		11.0		10.7		12.0
Total long-lived assets, net	$	166.3	$	145.0	$	124.4

Schedule of Disaggregation of Total Net Sales

Disaggregation of Total Net Sales: We disaggregate our sales from contracts with customers by end customer, contract type, deliverable type and revenue recognition method for each of our segments, as we believe these factors can affect the nature, amount, timing, and uncertainty of our revenue and cash flows.

Sales by Geographic Region (in millions):

	Year Ended September 30, 2020
	CTS		CMS		CGD		Total
United States	$	495.6	$	329.4	$	106.4	$	931.4
United Kingdom		185.8		3.2		18.9		207.9
Australia		131.0		1.8		31.5		164.3
Far East/Middle East		1.6		0.9		98.5		101.0
Other		26.9		1.8		42.9		71.6
Total sales	$	840.9	$	337.1	$	298.2	$	1,476.2
	Year Ended September 30, 2019
	CTS		CMS		CGD		Total
United States	$	488.3	$	322.6	$	145.7	$	956.6
United Kingdom		196.5		1.6		20.1		218.2
Australia		131.9		2.6		29.0		163.5
Far East/Middle East		9.4		0.9		63.7		74.0
Other		23.7		1.1		59.4		84.2
Total sales	$	849.8	$	328.8	$	317.9	$	1,496.5
	Year Ended September 30, 2018
	CTS		CMS		CGD		Total
United States	$	273.4	$	199.8	$	154.6	$	627.8
United Kingdom		217.2		2.7		20.8		240.7
Australia		130.7		2.4		33.6		166.7
Far East/Middle East		9.8		1.2		75.4		86.4
Other		39.6		0.9		40.8		81.3
Total sales	$	670.7	$	207.0	$	325.2	$	1,202.9

Sales by End Customer: We are the prime contractor for the vast majority of our sales. Sales included in other end customers primarily represent sales to foreign governments and commercial customers. The table below presents total net sales disaggregated by end customer (in millions):

	Year Ended September 30, 2020
	CTS		CMS		CGD		Total
U.S. Federal Government and State and Local Municipalities	$	471.7	$	320.7	$	113.3	$	905.7
Other		369.2		16.4		184.9		570.5
Total sales	$	840.9	$	337.1	$	298.2	$	1,476.2
	Year Ended September 30, 2019
	CTS		CMS		CGD		Total
U.S. Federal Government and State and Local Municipalities	$	470.0	$	314.0	$	154.8	$	938.8
Other		379.8		14.8		163.1		557.7
Total sales	$	849.8	$	328.8	$	317.9	$	1,496.5
	Year Ended September 30, 2018
	CTS		CMS		CGD		Total
U.S. Federal Government and State and Local Municipalities	$	273.7	$	200.6	$	165.2	$	639.5
Other		397.0		6.4		160.0		563.4
Total sales	$	670.7	$	207.0	$	325.2	$	1,202.9

Sales by Contract Type: Substantially all of our contracts are fixed-price type contracts. Sales included in Other contract types represent cost plus fee and time and material type contracts.

The table below presents total net sales disaggregated by contract type (in millions):

	Year Ended September 30, 2020
	CTS		CMS		CGD		Total
Fixed Price	$	828.6	$	305.0	$	264.3	$	1,397.9
Other		12.3		32.1		33.9		78.3
Total sales	$	840.9	$	337.1	$	298.2	$	1,476.2
	Year Ended September 30, 2019
	CTS		CMS		CGD		Total
Fixed Price	$	838.1	$	321.5	$	292.8	$	1,452.4
Other		11.7		7.3		25.1		44.1
Total sales	$	849.8	$	328.8	$	317.9	$	1,496.5
	Year Ended September 30, 2018
	CTS		CMS		CGD		Total
Fixed Price	$	653.8	$	206.1	$	286.3	$	1,146.2
Other		16.9		0.9		38.9		56.7
Total sales	$	670.7	$	207.0	$	325.2	$	1,202.9

Sales by Deliverable Type: The table below presents total net sales disaggregated by the type of deliverable, which is determined by us at the performance obligation level (in millions):

	Year Ended September 30, 2020
	CTS		CMS		CGD		Total
Product	$	459.7	$	301.8	$	186.3	$	947.8
Service		381.2		35.3		111.9		528.4
Total sales	$	840.9	$	337.1	$	298.2	$	1,476.2
	Year Ended September 30, 2019
	CTS		CMS		CGD		Total
Product	$	496.9	$	301.0	$	213.2	$	1,011.1
Service		352.9		27.8		104.7		485.4
Total sales	$	849.8	$	328.8	$	317.9	$	1,496.5
	Year Ended September 30, 2018
	CTS		CMS		CGD		Total
Product	$	288.1	$	187.5	$	229.3	$	704.9
Service		382.6		19.5		95.9		498.0
Total sales	$	670.7	$	207.0	$	325.2	$	1,202.9

Revenue Recognition Method: Sales recognized at a point in time are typically for standard goods with a short production cycle and are recognized when the customer obtains control, which is generally upon delivery and acceptance. Sales for services and for products with a long production cycle, which often include significant customization and development, are recognized over time. The table below presents total net sales disaggregated based on the revenue recognition method applied (in millions):

	Year Ended September 30. 2020
	CTS		CMS		CGD		Total
Point in Time	$	102.1	$	220.3	$	6.7	$	329.1
Over Time		738.8		116.8		291.5		1,147.1
Total sales	$	840.9	$	337.1	$	298.2	$	1,476.2
	Year Ended September 30. 2019
	CTS		CMS		CGD		Total
Point in Time	$	83.1	$	259.5	$	4.8	$	347.4
Over Time		766.7		69.3		313.1		1,149.1
Total sales	$	849.8	$	328.8	$	317.9	$	1,496.5