FY2023 Separation Roadmap
36
36
Reconciliation of Net Earnings Attributable to Jacobs from Continuing
Operations to Adjusted Net Earnings Attributable to Jacobs from Continuing
Operations (in thousands)
Net Earnings Attributable to Jacobs from
Continuing Operations
Three Months Ended
December 29,
2023
December 30,
2022
$
172,184 $
136,355
After-tax effects of Restructuring,
Transaction and Other Charges (1):
Focus 2023 Transformation, mainly real
estate rescaling efforts
37
20,495
Transaction costs
10,451
3,551
Restructuring, integration, separation and
other charges
31,064
5,484
After-tax effects of Other Adjustments (2):
Amortization of intangibles
33,653
32,857
Other
8,497
2,232
Adjusted Net Earnings Attributable to
Jacobs from Continuing Operations
$
255,886 $
200,974
(1) Includes estimated after-tax impacts primarily relating to the Separation Transaction for the three months ended December 29, 2023,
along with non-cash real estate impairment charges associated the Company's Focus 2023 program and charges associated with various
transaction costs incurred with our acquisition and restructuring related activity associated with Company restructuring and integration
programs for the three months ended December 30, 2022.
(2) Includes estimated after-tax and noncontrolling interest impacts from amortization of intangible assets and estimated tax impacts on
certain subsidiary level contingent equity-based agreements in connection with the transaction structure of our PA Consulting investment for
the three months ended December 29, 2023 and December 30, 2022. The three months ended December 29, 2023 also includes the
estimated after-tax impact from an approximate $10 million intangibles impairment charge.View entire presentation