JACOBS SOLUTIONS INC
For the period ended Dec 29, 2023. Filed Feb 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 29, 2023 · Filed Feb 6, 2024
J$157.11+0.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows - Unaudited
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Three Months Ended December 29, 2023 and December 30, 2022
| For the Three Months Ended | ||
|---|---|---|
| December 29, 2023 | December 30, 2022 | |
| Cash Flows from Operating Activities: | ||
| Net earnings attributable to the Group | $181,454 | $146,670 |
| Adjustments to reconcile net earnings to net cash flows provided by operations: | ||
| Depreciation and amortization: | ||
| Property, equipment and improvements | 25,169 | 27,979 |
| Intangible assets | 51,119 | 49,773 |
| Stock based compensation | 19,310 | 20,231 |
| Equity in earnings of operating ventures, net of return on capital distributions | 1,870 | 2,613 |
| Loss on disposals of assets, net | 608 | 241 |
| Impairment of long-lived assets and equity method investment | — | 27,142 |
| Deferred income taxes | (58,239) | 13,797 |
| Changes in assets and liabilities, excluding the effects of businesses acquired: | ||
| Receivables and contract assets, net of contract liabilities | 102,705 | 127,144 |
| Prepaid expenses and other current assets | 50,216 | 8,219 |
| Miscellaneous other assets | 28,385 | 42,578 |
| Accounts payable | (35,843) | (51,669) |
| Accrued liabilities | 37,584 | (127,043) |
| Other deferred liabilities | (1,665) | 8,462 |
| Other, net | 15,688 | 6,160 |
| Net cash provided by operating activities | 418,361 | 302,297 |
| Cash Flows from Investing Activities: | ||
| Additions to property and equipment | (17,306) | (32,187) |
| Disposals of property and equipment and other assets | 43 | 8 |
| Capital contributions to equity investees, net of return of capital distributions | 1,266 | 384 |
| Acquisitions of businesses, net of cash acquired | — | (16,943) |
| Net cash used for investing activities | (15,997) | (48,738) |
| Cash Flows from Financing Activities: | ||
| Proceeds from long-term borrowings | 540,401 | 1,282,000 |
| Repayments of long-term borrowings | (567,752) | (1,289,421) |
| Repayments of short-term borrowings | (6,262) | — |
| Debt issuance costs | (1,606) | — |
| Proceeds from issuances of common stock | 11,355 | 14,798 |
| Common stock repurchases | (100,016) | (140,522) |
| Taxes paid on vested restricted stock | (22,387) | (22,530) |
| Cash dividends to shareholders | (33,366) | (29,811) |
| Net dividends associated with noncontrolling interests | (4,708) | (2,307) |
| Repurchase of redeemable noncontrolling interests | (24,360) | (58,353) |
| Net cash used for financing activities | (208,701) | (246,146) |
| Effect of Exchange Rate Changes | 34,148 | 51,806 |
| Net Increase in Cash and Cash Equivalents and Restricted Cash | 227,811 | 59,219 |
| Cash and Cash Equivalents, including Restricted Cash, at the Beginning of the Period | 929,445 | 1,154,207 |
| Cash and Cash Equivalents, including Restricted Cash, at the End of the Period | $1,157,256 | $1,213,426 |
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