$ACM

AECOM TECHNOLOGY CORP

CIK:0000868857|SEC Filings

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 3,586,067	$ 4,178,440	$ 11,218,044	$ 11,964,205
Cost of revenue	3,620,109	3,851,490	10,674,596	11,078,090
Gross (loss) profit	(34,042)	326,950	543,448	886,115
Equity in earnings of joint ventures	4,512	5,290	23,461	21,707
General and administrative expenses	(34,368)	(38,163)	(119,508)	(118,676)
Restructuring and acquisition costs	(12,082)	0	(53,580)	0
(Loss) Income from operations	(75,980)	294,077	393,821	789,146
Other income (loss)	5,028	823	23,484	(1,001)
Interest income	12,024	14,063	39,477	45,157
Interest expense	(47,641)	(40,198)	(143,477)	(125,437)
(Loss) Income from continuing operations before taxes	(106,569)	268,765	313,305	707,865
Income tax (benefit) expense for continuing operations	(26,569)	65,148	39,355	145,618
Net (loss) income from continuing operations	(80,000)	203,617	273,950	562,247
Net loss from discontinued operations	(2,888)	(43,880)	(73,038)	(63,766)
Net (loss) income	(82,888)	159,737	200,912	498,481
Net income attributable to noncontrolling interests from continuing operations	(3,824)	(28,771)	(33,244)	(55,953)
Net income attributable to noncontrolling interests from discontinued operations	0	0	0	(1,126)
Net income attributable to noncontrolling interests	(3,824)	(28,771)	(33,244)	(57,079)
Net (loss) income attributable to AECOM from continuing operations	(83,824)	174,846	240,706	506,294
Net loss attributable to AECOM from discontinued operations	(2,888)	(43,880)	(73,038)	(64,892)
Net (loss) income attributable to AECOM	$ (86,712)	$ 130,966	$ 167,668	$ 441,402
Net income (loss) attributable to AECOM per share:
Basic continuing operations per share (in dollar per share)	$ (0.65)	$ 1.32	$ 1.86	$ 3.82
Basic discontinued operations per share (in dollar per share)	(0.02)	(0.33)	(0.56)	(0.49)
Basic earnings per share (in dollar per share)	(0.67)	0.99	1.30	3.33
Diluted continuing operations per share (in dollar per share)	(0.65)	1.31	1.85	3.80
Diluted discontinued operations per share (in dollar per share)	(0.02)	(0.33)	(0.56)	(0.49)
Diluted earnings per share (in dollar per share)	$ (0.67)	$ 0.98	$ 1.29	$ 3.31
Weighted average shares outstanding:
Basic (in shares)	128,564	132,301	129,393	132,411
Diluted (in shares)	128,564	133,078	130,071	133,281

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 200,912	$ 498,481
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	167,444	128,375
Equity in earnings of unconsolidated joint ventures	(20,461)	(15,555)
Distribution of earnings from unconsolidated joint ventures	15,714	52,144
Non-cash stock compensation	26,486	46,063
Non-cash net fair value (gains) losses	(15,188)	6,883
Non-cash loss on disposal activities	64,549	0
Foreign currency translation	12,502	5,604
Other	(4,334)	2,569
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable and contract assets	(225,080)	96,518
Prepaid expenses and other assets	(70,505)	(61,362)
Accounts payable	62,636	(160,641)
Accrued expenses and other current liabilities	(69,398)	167,562
Contract liabilities	39,697	(133,282)
Other long-term liabilities	(15,740)	(7,887)
Net cash provided by operating activities	169,234	625,472
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for business acquisition, net of cash acquired	0	(2,786)
Cash outflow from deconsolidation of a joint venture	0	(45,352)
Investment in unconsolidated joint ventures	(69,810)	(30,438)
Return of investment in unconsolidated joint ventures	52,520	3,042
Credit facility investment	(12,500)	16,625
Other investing activities	(18,121)	0
Proceeds from disposal of property and equipment	240	236
Payments for capital expenditures	(99,879)	(74,639)
Net cash used in investing activities	(147,550)	(133,312)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under credit agreements	5,734,500	1,931,502
Repayments of borrowings under credit agreements	(5,753,792)	(1,958,842)
Cash paid for debt issuance costs	(6,505)	(687)
Dividends paid	(115,469)	(99,149)
Proceeds from issuance of common stock	30,576	22,445
Payments to repurchase common stock	(441,862)	(138,324)
Net distributions to noncontrolling interests	(30,655)	(33,313)
Other financing activities	(7,349)	(5,235)
Net cash used in financing activities	(590,556)	(281,603)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(3,935)	(1,342)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(572,807)	209,215
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	1,585,739	1,584,862
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 1,012,932	$ 1,794,077

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Sep. 30, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 762,018	$ 1,378,582
Cash in consolidated joint ventures	250,914	207,157
Total cash and cash equivalents	1,012,932	1,585,739
Accounts receivable—net	2,389,673	2,497,147
Contract assets	2,114,834	1,785,179
Prepaid expenses and other current assets	746,731	716,070
Income taxes receivable	85,746	146,092
TOTAL CURRENT ASSETS	6,349,916	6,730,227
PROPERTY AND EQUIPMENT—NET	459,686	416,164
DEFERRED TAX ASSETS—NET	421,509	295,249
INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES	155,485	138,056
GOODWILL	3,767,142	3,700,619
INTANGIBLE ASSETS—NET	175,013	183,284
OTHER NON-CURRENT ASSETS	227,145	254,218
OPERATING LEASE RIGHT-OF-USE ASSETS	441,962	463,479
NON - CURRENT ASSETS HELD FOR SALE	29,042	18,953
TOTAL ASSETS	12,026,900	12,200,249
CURRENT LIABILITIES:
Short-term debt	2,566	4,069
Accounts payable	2,381,791	2,260,609
Accrued expenses and other current liabilities	2,401,979	2,490,480
Income taxes payable	33,810	23,536
Contract liabilities	1,129,260	1,087,905
Current portion of long-term debt	60,244	62,217
TOTAL CURRENT LIABILITIES	6,009,650	5,928,816
OTHER LONG-TERM LIABILITIES	301,577	210,870
OPERATING LEASE LIABILITIES, NON-CURRENT	487,799	515,998
DEFERRED TAX LIABILITY-NET	72,078	67,968
PENSION BENEFIT OBLIGATIONS	104,403	133,193
LONG-TERM DEBT	2,651,988	2,647,220
TOTAL LIABILITIES	9,627,495	9,504,065
COMMITMENTS AND CONTINGENCIES (Note 15)
AECOM STOCKHOLDERS’ EQUITY:
Common stock-authorized, 300,000,000 shares of $0.01 par value as of June 30, 2026 and September 30, 2025; issued and outstanding 128,695,633 and 131,782,371 shares as of June 30, 2026 and September 30, 2025, respectively	1,287	1,318
Additional paid-in capital	4,677,450	4,609,126
Accumulated other comprehensive loss	(883,249)	(893,027)
Accumulated deficits	(1,602,228)	(1,224,833)
TOTAL AECOM STOCKHOLDERS’ EQUITY	2,193,260	2,492,584
Noncontrolling interests	206,145	203,600
TOTAL STOCKHOLDERS’ EQUITY	2,399,405	2,696,184
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 12,026,900	$ 12,200,249