Reportable Segments

9 Months Ended

Jun. 30, 2013

Reportable Segments

Reportable Segments

16. Reportable Segments

The Company’s operations are organized into two reportable segments: Professional Technical Services (PTS) and Management Support Services (MSS). The Company’s PTS reportable segment delivers planning, consulting, architectural and engineering design, and program and construction management services to commercial and government clients worldwide. The Company’s MSS reportable segment provides program and facilities management and maintenance, training, logistics, consulting, and technical assistance and systems integration services, primarily for agencies of the U.S. Government. These reportable segments are organized by the types of services provided, the differing specialized needs of the respective clients, and how the Company manages its business. The Company has aggregated various operating segments into its PTS reportable segment based on their similar characteristics, including similar long-term financial performance, the nature of services provided, internal processes for delivering those services, and types of customers.

Management internally analyzes the results of its operations using several non-GAAP measures. A significant portion of the Company’s revenues relates to services provided by subcontractors and other non-employees that it categorizes as other direct costs. Other direct costs are segregated from cost of revenues resulting in revenue, net of other direct costs, which is a measure of work performed by Company employees. The Company has included information on revenue, net of other direct costs, as it believes that it is useful to view its revenue exclusive of costs associated with external service providers.

The following tables set forth summarized financial information concerning the Company’s reportable segments:

Reportable Segments:	Professional Technical Services			Management Support Services			Corporate			Total
	(in millions)
Three Months Ended June 30, 2013:
Revenue	$	1,847.1		$	220.4		$	—		$	2,067.5
Revenue, net of other direct costs(1)	1,102.0			134.0			—			1,236.0
Gross profit	119.8			12.0			—			131.8
Equity in earnings of joint ventures	1.0			3.1			—			4.1
General and administrative expenses	¾			¾			(24.0		)	(24.0		)
Operating income	120.8			15.1			(24.0		)	111.9
Gross profit as a % of revenue	6.5		%	5.4		%	—			6.4		%
Gross profit as a % of revenue, net of other direct costs(1)	10.9		%	9.0		%	—			10.7		%
Three Months Ended June 30, 2012:
Revenue	$	1,846.5		$	248.7		$	—		$	2,095.2
Revenue, net of other direct costs(1)	1,164.6			158.9			—			1,323.5
Gross profit	114.2			(3.0		)	—			111.2
Equity in earnings of joint ventures	5.5			6.8			—			12.3
General and administrative expenses	¾			¾			(20.7		)	(20.7		)
Operating income	119.7			3.8			(20.7		)	102.8
Gross profit as a % of revenue	6.2		%	(1.2		)%	—			5.3		%
Gross profit as a % of revenue, net of other direct costs(1)	9.8		%	(1.9		)%	—			8.4		%

Reportable Segments:	Professional Technical Services			Management Support Services			Corporate			Total
	(in millions)
Nine Months Ended June 30, 2013:
Revenue	$	5,384.2		$	690.2		$	—		$	6,074.4
Revenue, net of other direct costs(1)	3,306.1			426.8			—			3,732.9
Gross profit	281.3			28.5			—			309.8
Equity in earnings of joint ventures	10.3			7.6			—			17.9
General and administrative expenses	¾			¾			(73.4		)	(73.4		)
Operating income	291.6			36.1			(73.4		)	254.3
Gross profit as a % of revenue	5.2		%	4.1		%	—			5.1		%
Gross profit as a % of revenue, net of other direct costs(1)	8.5		%	6.7		%	—			8.3		%
Nine Months Ended June 30, 2012:
Revenue	$	5,455.0		$	680.3		$	—		$	6,135.3
Revenue, net of other direct costs(1)	3,428.6			415.2			—			3,843.8
Gross profit	285.4			(7.7		)	—			277.7
Equity in earnings of joint ventures	12.5			25.7			—			38.2
General and administrative expenses	¾			¾			(63.2		)	(63.2		)
Operating income	297.9			18.0			(63.2		)	252.7
Gross profit as a % of revenue	5.2		%	(1.1		)%	—			4.5		%
Gross profit as a % of revenue, net of other direct costs(1)	8.3		%	(1.9		)%	—			7.2		%

(1)   Non-GAAP measure.