2013 Q4 Form 10-K Financial Statement

#000104746913010484 Filed on November 13, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $1.954B $2.079B $2.067B
YoY Change -3.14% -0.18% -1.32%
Cost Of Revenue $1.876B $1.939B $1.936B
YoY Change -3.27% 0.01% -2.44%
Gross Profit $78.20M $140.2M $131.8M
YoY Change 0.1% -2.77% 18.54%
Gross Profit Margin 4.0% 6.74% 6.38%
Selling, General & Admin $21.60M $32.60M $20.00M
YoY Change -2.26% 69.79% -3.85%
% of Gross Profit 27.62% 23.25% 15.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.20M $23.00M $23.60M
YoY Change -7.13% -11.88% -9.58%
% of Gross Profit 28.39% 16.41% 17.9%
Operating Expenses $21.60M $32.60M $20.00M
YoY Change -1.82% 70.68% -3.85%
Operating Profit $90.44M $122.7M $111.9M
YoY Change 46.03% -161.63% 8.85%
Interest Expense $23.50M $10.20M $11.70M
YoY Change 115.6% -7.27% -10.69%
% of Operating Profit 25.99% 8.31% 10.46%
Other Income/Expense, Net $17.00K $1.500M $1.215M
YoY Change -97.47% -25.0% -19.0%
Pretax Income $80.03M $114.0M $101.4M
YoY Change 54.85% -154.78% 11.18%
Income Tax $23.50M $35.80M $30.18M
% Of Pretax Income 29.37% 31.4% 29.76%
Net Earnings $56.40M $76.50M $70.76M
YoY Change 47.99% -134.02% 1.95%
Net Earnings / Revenue 2.89% 3.68% 3.42%
Basic Earnings Per Share $0.59 $0.78 $0.71
Diluted Earnings Per Share $0.58 $0.77 $0.70
COMMON SHARES
Basic Shares Outstanding 98.20M shares 98.00M shares 99.26M shares
Diluted Shares Outstanding 97.59M shares 99.70M shares 100.8M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $683.0M $602.0M $513.0M
YoY Change 15.57% 1.35% 28.89%
Cash & Equivalents $681.7M $600.7M $507.6M
Short-Term Investments $2.000M $2.000M $5.000M
Other Short-Term Assets $126.9M $168.7M $169.2M
YoY Change -18.97% 19.86% 11.34%
Inventory
Prepaid Expenses
Receivables $2.410B $2.342B $2.341B
Other Receivables $10.00M $0.00 $0.00
Total Short-Term Assets $3.249B $3.132B $3.050B
YoY Change -0.3% -0.5% 0.09%
LONG-TERM ASSETS
Property, Plant & Equipment $275.9M $270.7M $270.3M
YoY Change -14.51% -16.95% -17.07%
Goodwill $1.885B $1.812B $1.797B
YoY Change 3.73% 2.05% -14.81%
Intangibles
YoY Change
Long-Term Investments $53.00M $106.0M $84.00M
YoY Change -38.37% 16.48% 0.0%
Other Assets $165.0M $118.5M $132.7M
YoY Change 56.31% 17.33% -31.97%
Total Long-Term Assets $2.589B $2.534B $2.490B
YoY Change 1.53% 0.67% -11.62%
TOTAL ASSETS
Total Short-Term Assets $3.249B $3.132B $3.050B
Total Long-Term Assets $2.589B $2.534B $2.490B
Total Assets $5.837B $5.666B $5.539B
YoY Change 0.51% 0.02% -5.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $803.8M $725.4M $711.2M
YoY Change 15.04% -4.71% -3.76%
Accrued Expenses $904.5M $915.3M $890.1M
YoY Change -2.44% 11.39% 13.68%
Deferred Revenue
YoY Change
Short-Term Debt $33.52M $29.58M $12.02M
YoY Change 82.13% 1702.44% 300.8%
Long-Term Debt Due $57.00M $55.00M $1.000M
YoY Change -70.47% -65.84% -99.15%
Total Short-Term Liabilities $2.160B $2.054B $1.942B
YoY Change -3.29% -1.2% -3.16%
LONG-TERM LIABILITIES
Long-Term Debt $1.113B $1.089B $1.135B
YoY Change 8.9% 20.07% 19.35%
Other Long-Term Liabilities $441.3M $448.9M $420.7M
YoY Change -0.38% -1.24% 6.24%
Total Long-Term Liabilities $441.3M $448.9M $420.7M
YoY Change -0.38% -1.24% -68.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.160B $2.054B $1.942B
Total Long-Term Liabilities $441.3M $448.9M $420.7M
Total Liabilities $3.714B $3.592B $3.498B
YoY Change 0.45% 4.4% 2.63%
SHAREHOLDERS EQUITY
Retained Earnings $503.7M $472.2M $457.2M
YoY Change 6.9% -22.1%
Common Stock $958.0K $960.0K $976.0K
YoY Change -5.05% -10.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.036B $2.021B $1.986B
YoY Change
Total Liabilities & Shareholders Equity $5.837B $5.666B $5.539B
YoY Change 0.51% 0.02% -5.54%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income $56.40M $76.50M $70.76M
YoY Change 47.99% -134.02% 1.95%
Depreciation, Depletion And Amortization $22.20M $23.00M $23.60M
YoY Change -7.13% -11.88% -9.58%
Cash From Operating Activities $137.4M $160.1M $96.20M
YoY Change 104.77% -29.28% -52.38%
INVESTING ACTIVITIES
Capital Expenditures $20.77M -$15.00M -$12.50M
YoY Change 60.7% -0.66% -19.87%
Acquisitions $659.0K
YoY Change -98.42%
Other Investing Activities $200.0K -$14.80M -$15.20M
YoY Change -100.51% -149.01% -55.81%
Cash From Investing Activities -$20.50M -$29.80M -$27.70M
YoY Change -60.73% -297.35% -44.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $26.34M
YoY Change -84.06%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -33.30M -42.10M -180.9M
YoY Change 97.04% -20.42% -16.79%
NET CHANGE
Cash From Operating Activities 137.4M 160.1M 96.20M
Cash From Investing Activities -20.50M -29.80M -27.70M
Cash From Financing Activities -33.30M -42.10M -180.9M
Net Change In Cash 83.60M 88.20M -112.4M
YoY Change -4280.0% -53.23% 71.87%
FREE CASH FLOW
Cash From Operating Activities $137.4M $160.1M $96.20M
Capital Expenditures $20.77M -$15.00M -$12.50M
Free Cash Flow $116.6M $175.1M $108.7M
YoY Change 115.28% -27.49% -50.05%

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192800000 USD
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178200000 USD
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106700000 USD
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63300000 USD
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CY2011 us-gaap Current Income Tax Expense Benefit
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CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2011 us-gaap Deferred Income Tax Expense Benefit
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29200000 USD
CY2013 us-gaap Income Tax Expense Benefit
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CY2012 us-gaap Income Tax Expense Benefit
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CY2011 us-gaap Income Tax Expense Benefit
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100090000 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
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30300000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
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CY2013 us-gaap Current Income Tax Expense Benefit
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99900000 USD
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5800000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2011 us-gaap Increase Decrease In Deferred Compensation
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CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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117500000 USD
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2500000 USD
CY2013 us-gaap Income Tax Reconciliation Tax Credits
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13400000 USD
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CY2013 acm Income Tax Reconciliation Tax Credit Foreign Research And Experimentation
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3900000 USD
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5500000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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6100000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
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1100000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Credits
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4100000 USD
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5800000 USD
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101100000 USD
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2900000 USD
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134500000 USD
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6900000 USD
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CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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0.011 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.063 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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0.234 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2012 acm Effective Income Tax Rate Reconciliation Tax Credit Foreign Research And Experimentation
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0.333 pure
CY2012 acm Effective Income Tax Rate Reconciliation Tax Audits
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0.120 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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5.783 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2011 acm Effective Income Tax Rate Reconciliation Tax Credit Foreign Research And Experimentation
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2012Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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CY2012Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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21400000 USD
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CY2012Q3 us-gaap Deferred Tax Liabilities
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CY2013Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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15800000 USD
CY2013Q3 us-gaap Deferred Tax Liabilities
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CY2013Q3 us-gaap Deferred Tax Assets Valuation Allowance
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CY2012Q3 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
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306600000 USD
CY2013Q3 acm Tax Credit Carryforward Amount Federal Research And Development
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CY2013Q3 us-gaap Tax Credit Carryforward Amount
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CY2013Q3 acm Tax Credit Carryforward Amount California Enterprise Zone Tax Credits
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4100000 USD
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CY2013Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2011Q3 us-gaap Unrecognized Tax Benefits
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CY2012Q3 us-gaap Unrecognized Tax Benefits
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CY2013Q3 us-gaap Unrecognized Tax Benefits
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CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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5600000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2012 acm Unrecognized Tax Benefits Increases Decreases Resulting From Current Period Tax Positions
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CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2012Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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CY2012Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
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CY2013Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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7300000 USD
CY2013Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
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CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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101942000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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900000 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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2 item
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CY2012 us-gaap Operating Income Loss
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53606000 USD
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0.051 pure
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0.081 pure
CY2011 us-gaap Sales Revenue Services Net
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CY2011Q3 us-gaap Assets
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ReceiptsFromPaymentsToJointVenturesAndOtherInvestments
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14029000 USD
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152666000 USD
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PaymentsForRepurchaseOfCommonStock
100000000 USD
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PaymentsForOtherRepurchaseOfCommonStock
8383000 USD
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PaymentsForOtherRepurchaseOfCommonStock
7085000 USD
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1754000 USD
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1254000 USD
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ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
61248000 USD
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-18486000 USD
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-1283000 USD
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ProceedsFromPaymentsToMinorityShareholders
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CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-254373000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
137460000 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
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14871000 USD
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
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CY2013 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
6901000 USD
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NetCashProvidedByUsedInContinuingOperations
136836000 USD
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NetCashProvidedByUsedInContinuingOperations
-155917000 USD
CY2012 acm Equity Issued To Settle Liabilities Non Cash
EquityIssuedToSettleLiabilitiesNonCash
4016000 USD
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EquityIssuedToSettleLiabilitiesNonCash
5058000 USD
CY2013 us-gaap Interest Paid
InterestPaid
37342000 USD
CY2012 us-gaap Interest Paid
InterestPaid
39044000 USD
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InterestPaid
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CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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14322000 USD
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BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned
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68453000 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
AECOM TECHNOLOGY CORP
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000868857
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013Q1 dei Entity Public Float
EntityPublicFloat
2300000000 USD
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
98196114 shares
CY2013Q3 acm Deferred Tax Assets Additional Valuation Allowance Provided
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53700000 USD
CY2012 us-gaap Impairment Of Intangible Assets Finitelived
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0 USD
CY2013 us-gaap Income Taxes Paid Net
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115508000 USD
CY2012Q3 us-gaap Goodwill Impairment Loss
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336000000 USD
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2724000 USD
CY2013 acm Defined Contribution And Compensation Plan Compensation Expense
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14600000 USD
CY2012 acm Defined Contribution And Compensation Plan Compensation Expense
DefinedContributionAndCompensationPlanCompensationExpense
15900000 USD
CY2011 acm Defined Contribution And Compensation Plan Compensation Expense
DefinedContributionAndCompensationPlanCompensationExpense
17200000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
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CY2011Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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68000000 USD
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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66400000 USD
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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91200000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-208100000 USD
CY2012Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
51700000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
68700000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
101400000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
114000000 USD
CY2012Q3 us-gaap Preferred Stock No Par Value
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CY2013Q3 us-gaap Preferred Stock No Par Value
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CY2012 acm Number Of Reporting Units
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2 item
CY2011Q3 acm Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
200000000 USD
CY2012Q3 acm Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
300000000 USD
CY2013Q1 acm Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
500000000 USD
CY2013Q3 acm Tax Credit Carryforward Amount Federal Foreign Tax Credits
TaxCreditCarryforwardAmountFederalForeignTaxCredits
16800000 USD
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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1600000 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.005 pure
CY2013Q3 acm Deferred Tax Assets Investment In Noncontrolled Affiliates
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13900000 USD
CY2013Q3 us-gaap Deferred Tax Assets State Taxes
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900000 USD
CY2012Q3 acm Unrecognized Tax Benefits And Potential Income Tax Penalties And Interest Net Of Related Tax Benefit
UnrecognizedTaxBenefitsAndPotentialIncomeTaxPenaltiesAndInterestNetOfRelatedTaxBenefit
56300000 USD

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