Delaware
|
95-4081636
|
(State of incorporation)
|
(I.R.S. employer identification number)
|
|
|
155 North Lake Avenue, Pasadena, California
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91101
|
(Address of principal executive offices)
|
(Zip code)
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Large accelerated filer
|
x
|
Accelerated filer
|
o
|
|
|
|
|
Non-accelerated filer
|
o
|
Smaller reporting company
|
o
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Page No.
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PART I
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Item 1.
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Item 2.
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Item 3.
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Item 4.
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PART II
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|
||
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Item 1.
|
||
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Item 1A.
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Item 2.
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Item 4.
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Item 6.
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Item 1.
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Financial Statements.
|
|
January 1,
2016 |
|
October 2,
2015 |
||||
|
(Unaudited)
|
|
|||||
ASSETS
|
|
|
|
||||
Current Assets:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
443,725
|
|
|
$
|
460,859
|
|
Receivables
|
2,424,447
|
|
|
2,548,743
|
|
||
Deferred income taxes
|
139,720
|
|
|
160,298
|
|
||
Prepaid expenses and other
|
104,404
|
|
|
113,076
|
|
||
Total current assets
|
3,112,296
|
|
|
3,282,976
|
|
||
Property, Equipment and Improvements, Net
|
361,006
|
|
|
381,238
|
|
||
Other Noncurrent Assets:
|
|
|
|
||||
Goodwill
|
3,059,279
|
|
|
3,048,778
|
|
||
Intangibles
|
345,770
|
|
|
353,419
|
|
||
Miscellaneous
|
737,500
|
|
|
719,515
|
|
||
Total other non-current assets
|
4,142,549
|
|
|
4,121,712
|
|
||
|
$
|
7,615,851
|
|
|
$
|
7,785,926
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
|
|
|
||||
Current Liabilities:
|
|
|
|
||||
Notes payable
|
$
|
2,833
|
|
|
$
|
13,364
|
|
Accounts payable
|
421,206
|
|
|
566,866
|
|
||
Accrued liabilities
|
1,033,906
|
|
|
1,090,985
|
|
||
Billings in excess of costs
|
327,031
|
|
|
309,951
|
|
||
Total current liabilities
|
1,784,976
|
|
|
1,981,166
|
|
||
Long-term Debt
|
621,899
|
|
|
584,434
|
|
||
Other Deferred Liabilities
|
838,717
|
|
|
863,868
|
|
||
Commitments and Contingencies
|
|
|
|
||||
Stockholders’ Equity:
|
|
|
|
||||
Capital stock:
|
|
|
|
||||
Preferred stock, $1 par value, authorized - 1,000,000 shares; issued and outstanding - none
|
—
|
|
|
—
|
|
||
Common stock, $1 par value, authorized - 240,000,000 shares; issued and outstanding—122,776,878 shares and 123,152,966 shares, respectively
|
122,777
|
|
|
123,153
|
|
||
Additional paid-in capital
|
1,142,010
|
|
|
1,137,144
|
|
||
Retained earnings
|
3,511,197
|
|
|
3,496,212
|
|
||
Accumulated other comprehensive loss
|
(470,476
|
)
|
|
(464,764
|
)
|
||
Total Jacobs stockholders’ equity
|
4,305,508
|
|
|
4,291,745
|
|
||
Noncontrolling interests
|
64,751
|
|
|
64,713
|
|
||
Total Group stockholders’ equity
|
4,370,259
|
|
|
4,356,458
|
|
||
|
$
|
7,615,851
|
|
|
$
|
7,785,926
|
|
|
For the Three Months Ended
|
||||||
|
January 1,
2016 |
|
December 26,
2014 |
||||
Revenues
|
$
|
2,847,934
|
|
|
$
|
3,187,005
|
|
Costs and Expenses:
|
|
|
|
||||
Direct cost of contracts
|
(2,407,460
|
)
|
|
(2,667,559
|
)
|
||
Selling, general and administrative expenses
|
(381,024
|
)
|
|
(361,223
|
)
|
||
Operating Profit
|
59,450
|
|
|
158,223
|
|
||
Other Income (Expense):
|
|
|
|
||||
Interest income
|
2,220
|
|
|
2,276
|
|
||
Interest expense
|
(3,543
|
)
|
|
(5,318
|
)
|
||
Miscellaneous income (expense), net
|
(340
|
)
|
|
(486
|
)
|
||
Total other income (expense), net
|
(1,663
|
)
|
|
(3,528
|
)
|
||
Earnings Before Taxes
|
57,787
|
|
|
154,695
|
|
||
Income Tax Expense
|
(7,481
|
)
|
|
(48,500
|
)
|
||
Net Earnings of the Group
|
50,306
|
|
|
106,195
|
|
||
Net Earnings Attributable to Noncontrolling Interests
|
(3,792
|
)
|
|
(6,116
|
)
|
||
Net Earnings Attributable to Jacobs
|
$
|
46,514
|
|
|
$
|
100,079
|
|
Net Earnings Per Share:
|
|
|
|
||||
Basic
|
$
|
0.38
|
|
|
$
|
0.78
|
|
Diluted
|
$
|
0.38
|
|
|
$
|
0.77
|
|
|
For the Three Months Ended
|
||||||
|
January 1,
2016 |
|
December 26,
2014 |
||||
Net Earnings of the Group
|
$
|
50,306
|
|
|
$
|
106,195
|
|
Other Comprehensive Income (Loss):
|
|
|
|
||||
Foreign currency translation adjustment
|
(16,502
|
)
|
|
(48,373
|
)
|
||
Gain (loss) on cash flow hedges
|
2,552
|
|
|
(1,919
|
)
|
||
Change in pension liabilities
|
11,443
|
|
|
14,643
|
|
||
Other comprehensive loss before taxes
|
(2,507
|
)
|
|
(35,649
|
)
|
||
Income Tax Benefit (Expense):
|
|
|
|
||||
Foreign currency translation adjustments
|
—
|
|
|
—
|
|
||
Cash flow hedges
|
(723
|
)
|
|
622
|
|
||
Change in pension liabilities
|
(2,482
|
)
|
|
(2,928
|
)
|
||
Income Tax Expense
|
(3,205
|
)
|
|
(2,306
|
)
|
||
Net Other Comprehensive Loss
|
(5,712
|
)
|
|
(37,955
|
)
|
||
Net Comprehensive Income of the Group
|
44,594
|
|
|
68,240
|
|
||
Net Comprehensive Income Attributable to
Noncontrolling Interests
|
(3,792
|
)
|
|
(6,116
|
)
|
||
Net Comprehensive Income Attributable to Jacobs
|
$
|
40,802
|
|
|
$
|
62,124
|
|
JACOBS ENGINEERING GROUP INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Three Months Ended January 1, 2016 and December 26, 2014
(In thousands)
(Unaudited)
|
|||||||
|
January 1,
2016 |
|
December 26,
2014 |
||||
Cash Flows from Operating Activities:
|
|
|
|
||||
Net earnings attributable to the Group
|
$
|
50,306
|
|
|
$
|
106,195
|
|
Adjustments to reconcile net earnings to net cash flows from operations:
|
|
|
|
||||
Depreciation and amortization:
|
|
|
|
||||
Property, equipment and improvements
|
22,167
|
|
|
26,006
|
|
||
Intangible assets
|
11,726
|
|
|
12,981
|
|
||
Stock based compensation
|
8,134
|
|
|
16,504
|
|
||
Tax benefit from stock based compensation
|
(5
|
)
|
|
(279
|
)
|
||
Equity in earnings of operating ventures, net
|
(5,505
|
)
|
|
(4,616
|
)
|
||
Change in pension plan obligations
|
3,062
|
|
|
(154
|
)
|
||
Change in deferred compensation plans
|
(163
|
)
|
|
(1,450
|
)
|
||
(Gains) losses on disposals of assets, net
|
6,058
|
|
|
(22
|
)
|
||
Changes in certain assets and liabilities, excluding the effects of businesses acquired:
|
|
|
|
||||
Receivables
|
90,783
|
|
|
65,538
|
|
||
Prepaid expenses and other current assets
|
7,740
|
|
|
5,230
|
|
||
Accounts payable
|
(143,971
|
)
|
|
(80,520
|
)
|
||
Accrued liabilities
|
(47,026
|
)
|
|
(33,198
|
)
|
||
Billings in excess of costs
|
25,141
|
|
|
23,948
|
|
||
Income taxes
|
3,114
|
|
|
14,543
|
|
||
Deferred income taxes
|
(2,744
|
)
|
|
(2,602
|
)
|
||
Other deferred liabilities
|
(3,476
|
)
|
|
(9,162
|
)
|
||
Other, net
|
1,376
|
|
|
29
|
|
||
Net cash provided by operating activities
|
26,717
|
|
|
138,971
|
|
||
Cash Flows from Investing Activities:
|
|
|
|
||||
Additions to property and equipment
|
(15,987
|
)
|
|
(33,775
|
)
|
||
Disposals of property and equipment
|
133
|
|
|
3,374
|
|
||
Sales of investments
|
—
|
|
|
13
|
|
||
Acquisitions of businesses, net of cash acquired
|
(10,500
|
)
|
|
—
|
|
||
Net cash used for investing activities
|
(26,354
|
)
|
|
(30,388
|
)
|
JACOBS ENGINEERING GROUP INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Three Months Ended January 1, 2016 and December 26, 2014
(In thousands)
(Unaudited)
(Continued)
|
|||||||
|
January 1,
2016 |
|
December 26,
2014 |
||||
Cash Flows from Financing Activities:
|
|
|
|
||||
Proceeds from long-term borrowings
|
591,989
|
|
|
308,446
|
|
||
Repayments of long-term borrowings
|
(549,010
|
)
|
|
(345,660
|
)
|
||
Proceeds from short-term borrowings
|
465
|
|
|
112,638
|
|
||
Repayments of short-term borrowings
|
(10,911
|
)
|
|
(103,187
|
)
|
||
Proceeds from issuances of common stock
|
8,770
|
|
|
8,029
|
|
||
Common stock repurchases
|
(42,097
|
)
|
|
(113,708
|
)
|
||
Tax benefit from stock based compensation
|
5
|
|
|
279
|
|
||
Distributions to noncontrolling interests
|
(2,709
|
)
|
|
(7,230
|
)
|
||
Net cash used for financing activities
|
(3,498
|
)
|
|
(140,393
|
)
|
||
Effect of Exchange Rate Changes
|
(13,999
|
)
|
|
(30,756
|
)
|
||
Net Decrease in Cash and Cash Equivalents
|
(17,134
|
)
|
|
(62,566
|
)
|
||
Cash and Cash Equivalents at the Beginning of the Period
|
460,859
|
|
|
732,647
|
|
||
Cash and Cash Equivalents at the End of the Period
|
$
|
443,725
|
|
|
$
|
670,081
|
|
•
|
References herein to "Jacobs" are to Jacobs Engineering Group Inc. and its predecessors;
|
•
|
References herein to the "Company", "we", "us" or "our" are to Jacobs Engineering Group Inc. and its consolidated subsidiaries; and
|
•
|
References herein to the "Group" are to the combined economic interests and activities of the Company and the persons and entities holding noncontrolling interests in our consolidated subsidiaries.
|
|
January 1,
2016 |
|
October 2,
2015 |
||||
Components of receivables:
|
|
|
|
||||
Amounts billed
|
$
|
1,289,617
|
|
|
$
|
1,213,892
|
|
Unbilled receivables and other
|
1,041,538
|
|
|
1,252,509
|
|
||
Retentions receivable
|
93,292
|
|
|
82,342
|
|
||
Total receivables, net
|
$
|
2,424,447
|
|
|
$
|
2,548,743
|
|
Other information about receivables:
|
|
|
|
||||
Amounts due from the United States federal government,
included above, net of advanced billings
|
$
|
299,972
|
|
|
$
|
327,157
|
|
Claims receivable
|
$
|
19,948
|
|
|
$
|
32,511
|
|
|
January 1,
2016 |
|
October 2,
2015 |
||||
Land
|
$
|
23,469
|
|
|
$
|
23,757
|
|
Buildings
|
92,404
|
|
|
97,597
|
|
||
Equipment
|
582,064
|
|
|
592,491
|
|
||
Leasehold improvements
|
250,294
|
|
|
259,544
|
|
||
Construction in progress
|
22,116
|
|
|
17,229
|
|
||
|
970,347
|
|
|
990,618
|
|
||
Accumulated depreciation and amortization
|
(609,341
|
)
|
|
(609,380
|
)
|
||
|
$
|
361,006
|
|
|
$
|
381,238
|
|
|
For the Three Months Ended
|
||||||
|
January 1,
2016 |
|
December 26,
2014 |
||||
Pass-through costs included in revenues
|
$
|
670,331
|
|
|
$
|
706,830
|
|
|
For the Three Months Ended
|
||||||
Component:
|
January 1,
2016 |
|
December 26,
2014 |
||||
Service cost
|
$
|
8,676
|
|
|
$
|
8,576
|
|
Interest cost
|
15,702
|
|
|
16,658
|
|
||
Expected return on plan assets
|
(19,507
|
)
|
|
(21,049
|
)
|
||
Amortization of previously unrecognized items
|
5,733
|
|
|
5,410
|
|
||
Settlement (gain) loss
|
(163
|
)
|
|
59
|
|
||
Net periodic benefit cost
|
$
|
10,441
|
|
|
$
|
9,654
|
|
Cash contributions made during the first three months of fiscal 2016
|
$
|
7,379
|
|
Cash contributions we expect to make during the remainder of fiscal 2016
|
35,037
|
|
|
Total
|
$
|
42,416
|
|
|
For the Three Months Ended
|
||||||
|
January 1,
2016 |
|
December 26,
2014 |
||||
Amortization of Defined Benefit Items:
|
|
|
|
||||
Actuarial losses
|
$
|
(4,461
|
)
|
|
$
|
(5,410
|
)
|
Prior service cost
|
61
|
|
|
24
|
|
||
Total Before Income Tax
|
(4,400
|
)
|
|
(5,386
|
)
|
||
Income Tax Benefit
|
1,046
|
|
|
1,508
|
|
||
Total Reclassifications, After-tax
|
$
|
(3,354
|
)
|
|
$
|
(3,878
|
)
|
|
For the Three Months Ended
|
||||
|
January 1,
2016 |
|
December 26,
2014 |
||
Shares used to calculate EPS:
|
|
|
|
||
Weighted average shares outstanding (denominator used to compute basic EPS)
|
120,888
|
|
|
128,652
|
|
Effect of stock options and restricted stock
|
1,071
|
|
|
1,321
|
|
Denominator used to compute diluted EPS
|
121,959
|
|
|
129,973
|
|
Antidilutive stock options and restricted stock
|
4,011
|
|
|
3,169
|
|
Shares of common stock issued from the exercise of stock options and the release of restricted stock
|
287
|
|
|
396
|
|
|
Amount Authorized
|
|
Average Price Per Share (1)
|
|
Total Shares Retired
|
|
|
Shares Repurchased
|
|
$500,000
|
|
$41.09
|
|
1,024
|
|
|
1,024
|
(1)
|
Includes commissions paid and calculated as the average price per share since the repurchase
|
Item 2.
|
Management’s Discussion and Analysis of Financial Condition and Results of Operations.
|
•
|
The discussion of the critical and significant accounting policies used by the Company in preparing its consolidated financial statements. The most current discussion of our critical accounting policies appears in
Management's Discussion and Analysis of Financial Condition and Results of Operations
of our
2015
Form 10-K, and the most current discussion of our significant accounting policies appears in Note 2—
Significant Accounting Polices
in Notes to Consolidated Financial Statements of our
2015
Form 10-K;
|
•
|
The Company’s fiscal
2015
audited consolidated financial statements and notes thereto included in our
2015
Form 10-K; and
|
•
|
Item 7—
Management’s Discussion and Analysis of Financial Condition and Results of Operations
included in our
2015
Form 10-K.
|
|
Three Months Ended
|
||||||||||
|
January 1, 2016
|
||||||||||
|
U.S. GAAP
|
|
Effects of 2015 Restructuring
|
|
Without 2015 Restructuring
|
||||||
Consolidated pre-tax earnings
|
$
|
57,787
|
|
|
$
|
(68,383
|
)
|
|
$
|
126,170
|
|
Tax expense
|
(7,481
|
)
|
|
20,247
|
|
|
(27,728
|
)
|
|||
Net earnings of the Group
|
50,306
|
|
|
(48,136
|
)
|
|
98,442
|
|
|||
Non-controlling interests
|
(3,792
|
)
|
|
—
|
|
|
(3,792
|
)
|
|||
Net earnings of Jacobs
|
$
|
46,514
|
|
|
$
|
(48,136
|
)
|
|
$
|
94,650
|
|
Diluted earnings per share
|
$
|
0.38
|
|
|
$
|
(0.40
|
)
|
|
$
|
0.78
|
|
|
For the Three Months Ended
|
||||||
|
January 1,
2016 |
|
December 26,
2014 |
||||
Technical Professional Services Revenues:
|
|
|
|
||||
Project Services
|
$
|
1,387,675
|
|
|
$
|
1,623,587
|
|
Process, Scientific, and Systems Consulting
|
258,915
|
|
|
308,937
|
|
||
Total Technical Professional Services Revenues
|
1,646,590
|
|
|
1,932,524
|
|
||
Field Services Revenues:
|
|
|
|
||||
Construction
|
897,050
|
|
|
947,792
|
|
||
Operations and Maintenance ("O&M")
|
304,294
|
|
|
306,689
|
|
||
Total Field Services Revenues
|
1,201,344
|
|
|
1,254,481
|
|
||
Total Revenues
|
$
|
2,847,934
|
|
|
$
|
3,187,005
|
|
|
For the Three Months Ended
|
||||||
|
January 1,
2016 |
|
December 26,
2014 |
||||
National Government Programs
|
$
|
590,793
|
|
|
$
|
668,342
|
|
Refining - Downstream
|
551,735
|
|
|
508,888
|
|
||
Chemicals and Polymers
|
487,622
|
|
|
698,356
|
|
||
Infrastructure
|
392,828
|
|
|
385,585
|
|
||
Buildings
|
221,160
|
|
|
230,031
|
|
||
Oil & Gas - Upstream
|
194,311
|
|
|
246,014
|
|
||
Industrial and Other
|
179,128
|
|
|
177,914
|
|
||
Pharmaceuticals and Biotechnology
|
160,313
|
|
|
129,785
|
|
||
Mining and Minerals
|
70,044
|
|
|
142,090
|
|
||
|
$
|
2,847,934
|
|
|
$
|
3,187,005
|
|
|
January 1, 2016
|
|
December 26, 2014
|
||||
Technical professional services
|
$
|
11,421.4
|
|
|
$
|
13,222.4
|
|
Field services
|
6,801.0
|
|
|
5,885.0
|
|
||
Total
|
$
|
18,222.4
|
|
|
$
|
19,107.4
|
|
Item 3.
|
Quantitative and Qualitative Disclosures About Market Risk.
|
Item 4.
|
Controls and Procedures.
|
Item 1.
|
Legal Proceedings.
|
Item 1A.
|
Risk Factors.
|
Item 2.
|
Unregistered Sales of Equity Securities and Use of Proceeds.
|
Period
|
|
Total Number of Shares Purchased
|
|
Average Price Paid per Share (1)
|
|
Total Numbers of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
|
|
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
|
||||||
October 3, 2015 through October 30, 2015
|
|
435
|
|
|
$
|
39.83
|
|
|
435
|
|
|
$
|
482,673
|
|
October 31, 2015 through November 27, 2015
|
|
247
|
|
|
41.44
|
|
|
247
|
|
|
472,453
|
|
||
November 28, 2015 through January 1, 2016
|
|
343
|
|
|
42.45
|
|
|
343
|
|
|
457,903
|
|
||
Total
|
|
1,024
|
|
|
41.09
|
|
|
1,024
|
|
|
457,903
|
|
(1)
|
Includes commissions paid.
|
(2)
|
On July 23, 2015, the Board of Directors approved a program to repurchase up to $500 million of the Company's common stock over the next three years. Share repurchases may be executed through various means including, without limitation, open market transactions, privately negotiated transactions or otherwise. The share repurchase program does not oblige the Company to purchase any shares and expires on July 22, 2018. The authorization for the share repurchase program may be terminated, increased, or decreased by the Company's Board of Directors in its discretion at any time. The timing of our share repurchases may depend upon market conditions, other uses of capital, and other factors.
|
Item 3.
|
Mine Safety Disclosure.
|
Item 6.
|
Exhibits
|
(a)
|
Exhibits
|
|
|
|
†10.3
|
|
Jacobs Engineering Group Inc. 1999 Outside Director Stock Plan, as amended and restated, effective December 9, 2015.
|
|
|
|
31.1
|
|
Certification of Principal Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934.
|
|
|
|
31.2
|
|
Certification of Chief Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934.
|
|
|
|
32.1
|
|
Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
32.2
|
|
Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
95
|
|
Mine Safety Disclosure.
|
|
|
|
101.INS
|
|
XBRL Instance Document.
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Extension Schema Document.
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase Document.
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase Document.
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Extension Label Linkbase Document.
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase Document.
|
†
|
|
Being filed herewith.
|
#
|
|
Indicates management contract or compensatory plan or arrangement.
|
By:
|
/s/ Kevin C. Berryman
|
|
|
Kevin C. Berryman
|
|
|
Executive Vice President
|
|
|
and Chief Financial Officer
|
|
|
(Principal Financial Officer)
|
|
|
|
|
Date:
|
February 3, 2016
|
|
1.
|
I have reviewed this Quarterly Report on Form 10-Q for the quarter ended
January 1, 2016
of Jacobs Engineering Group Inc.;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a.
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b.
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
c.
|
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
|
d.
|
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
|
a.
|
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
|
b.
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
/s/ Steven J. Demetriou
|
Steven J. Demetriou
|
Chief Executive Officer
|
|
February 3, 2016
|
1.
|
I have reviewed this Quarterly Report on Form 10-Q for the quarter ended
January 1, 2016
of Jacobs Engineering Group Inc.;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a.
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b.
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
c.
|
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
|
d.
|
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
|
a.
|
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
|
b.
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
/s/ Kevin C. Berryman
|
Kevin C. Berryman
|
Chief Financial Officer
|
|
February 3, 2016
|
/s/ Steven J. Demetriou
|
Steven J. Demetriou
|
Chief Executive Officer
|
|
February 3, 2016
|
/s/ Kevin C. Berryman
|
Kevin C. Berryman
|
Executive Vice President
|
and Chief Financial officer
|
|
February 3, 2016
|
Mine or Operating Name/MSHA
Identification Number
|
Section 104
S&S Citations
(#)
|
Section 104(b)
Orders
(#)
|
Section 104(d)
Citations and
Orders
(#)
|
Section 110(b)(2)
Violations
(#)
|
Section 107(a)
Orders
(#)
|
Total Dollar Value of MSHA Assessments Proposed
($)
|
Total Number of Mining
Related
Fatalities
(#)
|
Received Notice of Pattern of Violations Under Section 104(e)
(yes/no)
|
Received Notice of Potential to Have Pattern Under Section 104(e)
(yes/no)
|
Legal Actions Initiated During Period
(#)
|
Legal Actions Resolved During Period
(#)
|
Legal Actions Pending as of Last Day of Period
(#)
|
|||||||||||
Mine ID: 02-00024 Contractor ID: 1PL
|
|
|
|
|
|
$
|
—
|
|
|
No
|
No
|
|
2
|
|
3
|
|
|||||||
Mine ID: 02-00144 Contractor ID: 1PL
|
|
|
|
|
|
$
|
—
|
|
|
No
|
No
|
|
|
|
|||||||||
Mine ID: 02-03131 Contractor ID: 1PL
|
|
|
|
|
|
$
|
—
|
|
|
No
|
No
|
|
|
|
|||||||||
Mine ID: 02-00137 Contractor ID: 1PL
|
|
|
|
|
|
$
|
—
|
|
|
No
|
No
|
|
|
|
|||||||||
Mine ID: 02-00150 Contractor ID: 1PL
|
|
|
|
|
|
$
|
—
|
|
|
No
|
No
|
|
|
|
|||||||||
Mine ID: 26-01962 Contractor ID: 1PL
|
|
|
|
|
|
$
|
—
|
|
|
No
|
No
|
|
|
|
|||||||||
Mine ID: 29-00708 Contractor ID: 1PL
|
|
|
|
|
|
$
|
—
|
|
|
No
|
No
|
|
|
2
|
|
||||||||
Mine ID: 29-00762 Contractor ID: 1PL
|
|
|
|
|
|
$
|
—
|
|
|
No
|
No
|
|
|
|
|||||||||
Mine ID: 26-02755 Contractor ID: 1PL
|
|
|
|
|
|
$
|
—
|
|
|
No
|
No
|
|
9
|
|
|
||||||||
Mine ID: 04-00743 Contractor ID: Y713
|
|
|
|
|
|
$
|
—
|
|
|
No
|
No
|
|
|
|
|||||||||
Totals
|
—
|
|
—
|
|
—
|
|
—
|
|
—
|
|
$
|
—
|
|
—
|
|
No
|
No
|
—
|
|
11
|
|
5
|
|