XML 46 R44.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATING FINANCIAL INFORMATION (TABLES)
12 Months Ended
Jan. 03, 2014
Condensed financial information of parent company only disclosure [Abstract]  
Schedule of condensed balance sheet [Table Text Block]
           CONDENSED CONSOLIDATING BALANCE SHEET
           As of January 3, 2014
(in millions) Issuer Parent Issuer Fox LP Guarantors Non- Guarantors Eliminations Consolidated
ASSETS                  
Current assets:                  
 Cash and cash equivalents $106.8 $ $20.3 $204.6 $(48.0) $283.7
 Accounts receivable, including retentions      793.5  610.7  (11.6)  1,392.6
 Costs and accrued earnings in excess of billings on contracts      965.2  562.3  (6.0)  1,521.5
 Less receivable allowances      (29.8)  (35.3)    (65.1)
   Net accounts receivable      1,728.9  1,137.7  (17.6)  2,849.0
 Intercompany accounts receivable  440.1  19.2  2,438.6  464.4  (3,362.3)  
 Deferred tax assets  3.4    42.9    (10.7)  35.6
 Inventory        49.2    49.2
 Other current assets  38.6    54.0  80.6    173.2
     Total current assets  588.9  19.2  4,284.7  1,936.5  (3,438.6)  3,390.7
Investments in and advances to subsidiaries and unconsolidated joint ventures  5,731.3  52.3  1,787.6  192.4  (7,518.0)  245.6
Property and equipment, net  29.1    155.4  423.6    608.1
Intangible assets, net  0.2    187.8  381.7    569.7
Goodwill      2,029.1  1,666.5    3,695.6
Other long-term assets  18.9    103.6  89.0  (3.2)  208.3
         Total assets $6,368.4 $71.5 $8,548.2 $4,689.7 $(10,959.8) $8,718.0
LIABILITIES AND EQUITY                  
Current liabilities:                  
 Current portion of long-term debt $1.7 $ $10.7 $32.2 $ $44.6
 Accounts payable and subcontractors payable, including retentions  3.2    411.6  340.8  (67.3)  688.3
 Accrued salaries and employee benefits  33.6    338.7  135.1    507.4
 Billings in excess of costs and accrued earnings on contracts      124.6  108.5    233.1
 Intercompany accounts payable  1,951.8    1,094.0  316.5  (3,362.3)  
 Short-term intercompany notes payable  66.0    20.7  189.5  (276.2)  
 Other current liabilities  50.8  9.7  270.4  44.5  (10.2)  365.2
     Total current liabilities  2,107.1  9.7  2,270.7  1,167.1  (3,716.0)  1,838.6
Long-term debt  907.0  699.6  17.0  43.3    1,666.9
Deferred tax liabilities      370.9  76.5  (3.2)  444.2
Self-insurance reserves      11.3  115.9    127.2
Pension and post-retirement benefit obligations      124.4  161.3    285.7
Long-term intercompany notes payable      563.6  1,263.0  (1,826.6)  
Other long-term liabilities  2.7    88.7  37.0    128.4
       Total liabilities  3,016.8  709.3  3,446.6  2,864.1  (5,545.8)  4,491.0
URS stockholders' equity  4,081.2  19.0  5,731.3  1,766.5  (7,516.8)  4,081.2
Intercompany notes receivable  (729.6)  (656.8)  (629.7)  (86.7)  2,102.8  
     Total URS stockholders' equity  3,351.6  (637.8)  5,101.6  1,679.8  (5,414.0)  4,081.2
Noncontrolling interests        145.8    145.8
       Total stockholders' equity  3,351.6  (637.8)  5,101.6  1,825.6  (5,414.0)  4,227.0
         Total liabilities and stockholders' equity $6,368.4 $71.5 $8,548.2 $4,689.7 $(10,959.8) $8,718.0

           CONDENSED CONSOLIDATING BALANCE SHEET
           As of December 28, 2012
(in millions) Issuer Parent Issuer Fox LP Guarantors Non- Guarantors Eliminations Consolidated
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  5,823.5  20.7  2,036.3  242.2  (7,844.4)  278.3
Property and equipment, net  26.9    159.7  500.9    687.5
Intangible assets, net  0.2    223.3  468.7    692.2
Goodwill      2,029.1  1,692.5    3,721.6
Other long-term assets  22.3    231.3  115.1  (4.5)  364.2
         Total assets $7,725.5 $43.1 $10,379.5 $6,028.5 $(14,915.6) $9,261.0
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      299.1  85.6  (4.8)  379.9
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  5,139.8  3,912.2  (8,958.4)  5,075.1
URS stockholders' equity  4,044.0  8.0  5,823.5  2,008.7  (7,840.2)  4,044.0
Intercompany notes receivable  (577.1)  (687.8)  (583.8)  (34.3)  1,883.0  
     Total URS stockholders' equity  3,466.9  (679.8)  5,239.7  1,974.4  (5,957.2)  4,044.0
Noncontrolling interests        141.9    141.9
       Total stockholders' equity  3,466.9  (679.8)  5,239.7  2,116.3  (5,957.2)  4,185.9
         Total liabilities and stockholders' equity $7,725.5 $43.1 $10,379.5 $6,028.5 $(14,915.6) $9,261.0
Schedule of condensed income statement [Table Text Block]
           CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
           For the Year Ended January 3, 2014
(in millions) Issuer Parent Issuer Fox LP Guarantors Non- Guarantors Eliminations Consolidated
Revenues $ $ $6,519.7 $4,770.0 $(299.0) $10,990.7
Cost of revenues      (6,097.0)  (4,618.0)  299.0  (10,416.0)
General and administrative expenses  (79.5)      2.0    (77.5)
Equity in income (loss) in subsidiaries  220.2  31.4  43.7  (20.5)  (274.8)  
Equity in income of unconsolidated joint ventures      9.4  84.2    93.6
Intercompany royalty and general and administrative charges  145.6    (119.8)  (25.8)    
    Operating income (loss)  286.3  31.4  356.0  191.9  (274.8)  590.8
Interest expense  (33.8)  (36.5)  (0.9)  (14.9)    (86.1)
Intercompany interest income  10.1  3.7  36.9  1.5  (52.2)  
Intercompany interest expense  (1.2)    (10.3)  (40.7)  52.2  
Other income (expenses)        (7.7)    (7.7)
    Income (loss) before income taxes  261.4  (1.4)  381.7  130.1  (274.8)  497.0
Income tax benefit (expense)  (14.2)  12.3  (161.5)  (4.3)    (167.7)
    Net income (loss) including noncontrolling interests  247.2  10.9  220.2  125.8  (274.8)  329.3
Noncontrolling interests in income of consolidated subsidiaries        (82.1)    (82.1)
      Net income (loss) attributable to URS $247.2 $10.9 $220.2 $43.7 $(274.8) $247.2
      Comprehensive income (loss) attributable to URS $160.1 $11.0 $158.6 $(75.4) $(94.2) $160.1

           For the Year Ended December 28, 2012
(in millions) Issuer Parent Issuer Fox LP Guarantors Non- Guarantors Eliminations Consolidated
                   
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
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      (351.3)      (351.3)
Equity in income (loss) in subsidiaries  (64.7)    145.4    (80.7)  
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)  (9.0)    47.7  293.1  (80.7)  251.1
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  (27.8)    48.4  289.1  (80.7)  229.0
Income tax benefit (expense)  (15.1)    (113.1)  (15.2)    (143.4)
    Net income (loss) including noncontrolling interests  (42.9)    (64.7)  273.9  (80.7)  85.6
Noncontrolling interests in income of consolidated subsidiaries        (128.5)    (128.5)
      Net income (loss) attributable to URS $(42.9) $ $(64.7) $145.4 $(80.7) $(42.9)
      Comprehensive income (loss) attributable to URS $(116.8) $ $(150.2) $88.9 $61.3 $(116.8)
Schedule of condensed cash flow statement [Table Text Block]
           CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
           For the Year Ended January 3, 2014
(in millions) Issuer Parent Issuer Fox LP Guarantors Non- Guarantors Eliminations Consolidated
Net cash from operating activities $170.0 $(19.4) $431.6 $80.0 $(48.0) $614.2
Cash flows from investing activities:                  
 Proceeds from disposal of property and equipment      4.8  58.9    63.7
 Investments in unconsolidated joint ventures      (0.2)      (0.2)
 Changes in restricted cash        4.3    4.3
 Capital expenditures, less equipment purchased through capital leases and equipment notes  (8.3)    (30.4)  (42.3)    (81.0)
 Investment in intercompany notes receivable  (150.5)    (17.4)    167.9  
 Receipts from intercompany notes receivable    31.0      (31.0)  
 Other intercompany investing activities  930.0    902.6  481.9  (2,314.5)  
Net cash from investing activities  771.2  31.0  859.4  502.8  (2,177.6)  (13.2)
Cash flows from financing activities:                  
 Payments on long-term debt  (50.0)    (4.4)  (166.1)    (220.5)
 Borrowings from revolving line of credit  931.6      96.6    1,028.2
 Payments on revolving line of credit  (931.6)      (192.5)    (1,124.1)
 Net payments under foreign lines of credit and short-term notes  (16.6)    (0.2)  (9.8)    (26.6)
 Net change in overdrafts      (50.5)  (6.0)  1.6  (54.9)
 Payments on capital lease obligations  (0.9)    (4.7)  (12.4)    (18.0)
 Payments of debt issuance costs and other financing activities  (0.8)          (0.8)
 Proceeds from employee stock purchases and exercises of stock options  20.2          20.2
 Distributions to noncontrolling interests        (79.0)    (79.0)
 Contributions and advances from noncontrolling interests        0.5    0.5
 Dividends paid  (62.2)          (62.2)
 Repurchases of common stock  (93.3)          (93.3)
 Intercompany notes borrowings        167.9  (167.9)  
 Intercompany notes repayments        (31.0)  31.0  
 Other intercompany financing activities  (645.2)  (11.6)  (1,227.2)  (430.5)  2,314.5  
Net cash from financing activities  (848.8)  (11.6)  (1,287.0)  (662.3)  2,179.2  (630.5)
Net change in cash and cash equivalents  92.4    4.0  (79.5)  (46.4)  (29.5)
Effect of foreign exchange rate changes on cash and cash equivalents        (1.3)    (1.3)
Cash and cash equivalents at beginning of period  14.4    16.3  285.4  (1.6)  314.5
Cash and cash equivalents at end of period $106.8 $ $20.3 $204.6 $(48.0) $283.7

           CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
           For the Year Ended December 28, 2012
(in millions) Issuer Parent Issuer Fox LP Guarantors Non- Guarantors Eliminations Consolidated
Net cash from operating activities $31.2 $1.6 $23.4 $297.3 $76.7 $430.2
Cash flows from investing activities:                  
 Payments for business acquisitions, net of cash acquired        (1,345.7)    (1,345.7)
 Proceeds from disposal of property and equipment        25.3    25.3
 Payments in settlement of foreign currency forward contracts  (1,260.6)          (1,260.6)
 Receipts in settlement of foreign currency forward contracts  1,260.3          1,260.3
 Investments in unconsolidated joint ventures      (4.3)  (0.1)    (4.4)
 Changes in restricted cash        3.9    3.9
 Capital expenditures, less equipment purchased through capital leases and equipment notes  (11.4)    (34.6)  (79.4)    (125.4)
 Dividends received      0.1    (0.1)  
 Investments in intercompany notes receivable  (570.4)  (800.0)  (555.0)    1,925.4  
 Receipts from intercompany notes receivable  97.8  113.1    30.0  (240.9)  
 Other intercompany investing activities  1,161.0  (14.3)  1,435.2  270.6  (2,852.5)  
Net cash from investing activities  676.7  (701.2)  841.4  (1,095.4)  (1,168.1)  (1,446.6)
Cash flows from financing activities:                  
 Borrowings from long-term debt  299.3  800.0      (100.4)  998.9
 Payments on long-term debt  (30.0)  (100.4)  (5.7)  (2.3)  100.4  (38.0)
 Borrowings from revolving line of credit  560.0      101.6    661.6
 Payments on revolving line of credit  (583.6)          (583.6)
 Net payments under foreign lines of credit and short-term notes  (0.8)    (0.2)  (19.5)    (20.5)
 Net change in overdrafts      50.1  6.0  (1.6)  54.5
 Payments on capital lease obligations  (0.8)    (4.9)  (8.9)    (14.6)
 Payments of debt issuance costs and other financing activities  (8.7)          (8.7)
 Proceeds from employee stock purchases and exercises of stock options  8.9          8.9
 Distributions to noncontrolling interests        (83.8)    (83.8)
 Contributions and advances from noncontrolling interests        2.3    2.3
 Dividends paid  (44.7)      (0.1)  0.1  (44.7)
 Repurchases of common stock  (40.0)          (40.0)
 Intercompany notes borrowings      555.0  1,370.4  (1,925.4)  
 Intercompany notes repayments  (30.0)      (210.9)  240.9  
 Other intercompany financing activities  (1,017.0)    (1,467.2)  (368.3)  2,852.5  
Net cash from financing activities  (887.4)  699.6  (872.9)  786.5  1,166.5  892.3
Net change in cash and cash equivalents  (179.5)  0.0  (8.1)  (11.6)  75.1  (124.1)
Effect of foreign exchange rate changes on cash and cash equivalents        2.6    2.6
Cash and cash equivalents at beginning of period  193.9    24.4  294.4  (76.7)  436.0
Cash and cash equivalents at end of period $14.4 $0.0 $16.3 $285.4 $(1.6) $314.5

           CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
           For the Year Ended December 30, 2011
(in millions) Issuer Parent Issuer Fox LP Guarantors Non- Guarantors Eliminations Consolidated
Net cash from operating activities $(132.1) $ $478.2 $236.5 $(76.7) $505.9
Cash flows from investing activities:                  
 Payments for business acquisitions, net of cash acquired      (298.4)  16.3    (282.1)
 Proceeds from disposal of property and equipment      3.8  10.3    14.1
 Investments in unconsolidated joint ventures      (19.5)  (0.1)    (19.6)
 Changes in restricted cash        7.0    7.0
 Capital expenditures, less equipment purchased through capital leases and equipment notes  (8.6)    (49.3)  (9.6)    (67.5)
 Dividends received      18.1    (18.1)  
 Investments in intercompany notes receivable  (26.0)      (44.9)  70.9  
 Other intercompany investing activities  60.3    (317.1)  (419.0)  675.8  
Net cash from investing activities  25.7    (662.4)  (440.0)  728.6  (348.1)
Cash flows from financing activities:                  
 Borrowings from long-term debt  700.0          700.0
 Payments on long-term debt  (625.0)    (7.3)  (0.3)    (632.6)
 Borrowings from revolving line of credit  138.6          138.6
 Payments on revolving line of credit  (115.7)          (115.7)
 Net payments under foreign lines of credit and short-term notes  (0.6)    (1.4)  (14.4)    (16.4)
 Net change in overdrafts      (97.2)  0.4  78.8  (18.0)
 Payments on capital lease obligations  (0.5)    (6.1)  (4.3)    (10.9)
 Payments of debt issuance costs and other financing activities  (3.1)          (3.1)
 Proceeds from employee stock purchases and exercises of stock options  11.7          11.7
 Distributions to noncontrolling interests        (111.7)    (111.7)
 Contributions and advances from noncontrolling interests      (0.2)  6.8    6.6
 Dividends paid        (18.1)  18.1  
 Repurchases of common stock  (242.8)          (242.8)
 Intercompany notes borrowings  44.2    0.7  26.0  (70.9)  
 Other intercompany financing activities  8.5    292.1  375.2  (675.8)  
Net cash from financing activities  (84.7)    180.6  259.6  (649.8)  (294.3)
Net change in cash and cash equivalents  (191.1)    (3.6)  56.1  2.1  (136.5)
Effect of foreign exchange rate changes on cash and cash equivalents        (1.3)    (1.3)
Cash and cash equivalents at beginning of period  385.0    28.0  239.6  (78.8)  573.8
Cash and cash equivalents at end of period $193.9 $ $24.4 $294.4 $(76.7) $436.0