AECOM Files Q1 FY25 10-Q

TL;DR

AECOM's Q1 FY25 10-Q is in. Check financials.

AI Summary

AECOM filed its 10-Q for the period ending December 31, 2024. The company reported its financial results for the first quarter of fiscal year 2025. Key financial data and operational details for the quarter are presented in this filing.

Why It Matters

This filing provides investors with the latest financial performance and operational updates for AECOM, crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial information.

Key Players & Entities

• AECOM (company) — Filer of the 10-Q
• 2024-12-31 (date) — End of the reporting period
• 2025-02-04 (date) — Filing date

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value ACM New York Stock Exchange

Filing Documents

• acm-20241231.htm (10-Q) — 1329KB
• ex42aecomcmholdingsjoinder.htm (EX-4.2) — 17KB
• ex101pep25grantawardagreem.htm (EX-10.1) — 143KB
• ex102rsu25grantawardagreem.htm (EX-10.2) — 134KB
• ex103edcpplandocument-amen.htm (EX-10.3) — 135KB
• acm-20241231xexx311.htm (EX-31.1) — 10KB
• acm-20241231xexx312.htm (EX-31.2) — 10KB
• acm-20241231xexx32.htm (EX-32) — 6KB
• 0001628280-25-003563.txt ( ) — 9500KB
• acm-20241231.xsd (EX-101.SCH) — 56KB
• acm-20241231_cal.xml (EX-101.CAL) — 126KB
• acm-20241231_def.xml (EX-101.DEF) — 294KB
• acm-20241231_lab.xml (EX-101.LAB) — 781KB
• acm-20241231_pre.xml (EX-101.PRE) — 556KB
• acm-20241231_htm.xml (XML) — 1345KB

Financial Statements

Financial Statements 1 Consolidated Balance Sheets as of De cem ber 3 1 , 2024 (unaudited) and September 30, 202 4 1 Consolidated Statements of Operations for the Three Months Ended December 3 1 , 2024 (unaudited) and December 3 1 , 2023 (unaudited) 2 Consolidated Statements of Comprehensive Income for the Three Months Ended Decem ber 3 1 , 2024 (unaudited) and December 3 1 , 2023 (unaudited) 3 Consolidated Statements of Stockholders' Equity for the Three Months Ended December 3 1 , 2024 (unaudited) and December 3 1 , 2023 (unaudited) 4 Consolidated Statements of Cash Flows for the Three Months Ended December 3 1 , 2024 (unaudited) and December 3 1 , 2023 (unaudited) 5

Notes to Consolidated Financial Statements (unaudited)

Notes to Consolidated Financial Statements (unaudited) 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 40 Item 4.

Controls and Procedures

Controls and Procedures 40 PART II. OTHER INFORMATION 41 Item 1.

Legal Proceedings

Legal Proceedings 41 Item 1A.

Risk Factors

Risk Factors 41 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 41 Item 3. Defaults Upon Senior Securities 42 Item 4. Mine Safety Disclosure 42 Item 5. Other Information 42 Item 6. Exhibits 43

SIGNATURES

SIGNATURES 45 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements AECOM Consolidated Balance Sheets (unaudited - in thousands, except share data) December 31, 2024 September 30, 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 1,337,584 $ 1,316,945 Cash in consolidated joint ventures 243,072 263,932 Total cash and cash equivalents 1,580,656 1,580,877 Accounts receivable—net 2,648,977 2,793,307 Contract assets 1,800,685 1,806,458 Prepaid expenses and other current assets 758,412 758,693 Current assets held for sale 67,128 77,224 Income taxes receivable 143,500 159,500 TOTAL CURRENT ASSETS 6,999,358 7,176,059 PROPERTY AND EQUIPMENT—NET 362,860 354,377 DEFERRED TAX ASSETS—NET 326,035 326,685 INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES 144,947 138,067 GOODWILL 3,428,231 3,480,155 INTANGIBLE ASSETS—NET 5,926 6,932 OTHER NON-CURRENT ASSETS 140,949 147,228 OPERATING LEASE RIGHT-OF-USE ASSETS 410,521 432,166 TOTAL ASSETS $ 11,818,827 $ 12,061,669 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Short-term debt $ 3,539 $ 3,080 Accounts payable 2,348,316 2,560,122 Accrued expenses and other current liabilities 2,360,461 2,385,731 Income taxes payable 30,399 27,418 Contract liabilities 1,305,640 1,298,327 Current liabilities held for sale 25,312 35,559 Current portion of long-term debt 65,888 63,844 TOTAL CURRENT LIABILITIES 6,139,555 6,374,081 OTHER LONG-TERM LIABILITIES 153,122 156,406 OPERATING LEASE LIABILITIES, NON-CURRENT 485,132 510,573 DEFERRED TAX LIABILITY-NET 29,152 27,509 PENSION BENEFIT OBLIGATIONS 156,311 172,360 LONG-TERM DEBT 2,456,012 2,450,330 TOTAL LIABILITIES 9,419,284 9,691,259 COMMITMENTS AND CONTINGENCIES (Note 15) AECOM STOCKHOLDERS' EQUITY: Common stock-authorized, 300,000,000 shares of $ 0.01 par value as of December 31, 2024 and September 30, 2024; issued and outstanding 132,638,253 and 132,552,407 shares as of December 31, 2024 and September 30, 2024, respectively 1,326 1,326 Additional paid-in capital 4,351,963 4,347,19

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements (unaudited) 1. Basis of Presentation The accompanying consolidated financial statements of AECOM (the Company) are unaudited and, in the opinion of management, include all adjustments, including all normal recurring items necessary for a fair statement of the Company's financial position and results of operations for the periods presented. All intercompany balances and transactions are eliminated in consolidation. The consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Form 10-K for the fiscal year ended September 30, 2024 (the Annual Report). The accompanying unaudited consolidated financial statements and related notes have been prepared in accordance with generally accepted accounting principles (GAAP) in the United States (U.S.) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The consolidated financial statements included in this report have been prepared consistently with the accounting policies described in the Annual Report, except as noted, and should be read together with the Annual Report. The results of operations for the three months ended December 31, 2024 are not necessarily indicative of the results to be expected for the fiscal year ending September 30, 2025. As discussed in more detail in Note 3, the Company concluded that its self-perform at-risk construction businesses met the criteria for held for sale beginning in the first quarter of fiscal 2020 and met the criteria for discontinued operation classification. As a result, the self-perform at-risk construction businesses are presented in the consolidated statements of operations as discontinued operations for all periods presented. Current and non-current assets and liabi

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