Jacobs Engineering Group Inc. (JEC, Financial) filed Quarterly Report for the period ended 2010-01-01.
Jacobs Engineering Group Inc. has a market cap of $4.9 billion; its shares were traded at around $39.42 with a P/E ratio of 12.4 and P/S ratio of 0.4. Jacobs Engineering Group Inc. had an annual average earning growth of 15.4% over the past 10 years. GuruFocus rated Jacobs Engineering Group Inc. the business predictability rank of 3.5-star.JEC is in the portfolios of Kenneth Fisher of Fisher Asset Management, LLC, Ruane Cunniff of Ruane & Cunniff & Goldfarb Inc, Chuck Royce of ROYCE & ASSOCIATES.
At January 1, 2010, our principal sources of liquidity consisted of $1.1 billion of cash and cash equivalents, and $289.4 million of available borrowing capacity under our $290.0 million, long-term, unsecured revolving credit facility. We finance as much of our operations and growth as possible through cash generated by our operations.
During the first three months of fiscal 2010, our cash and cash equivalents increased by $21.4 million to $1.1 billion at January 1, 2010. This compares to a net increase in cash and cash equivalents of $183.4 million, to $787.9 million, during the corresponding period last year. During the three months ended January 1, 2010, we experienced net cash inflows of $240.4 million from operating activities, $107.4 million from financing activities, and $0.8 million from the effects of exchange rate changes. These cash inflows were offset in part by net cash outflows of $327.2 million from investing activities.
Our operations provided net cash of $240.4 million during the three months ended January 1, 2010. This compares to net cash inflows of $203.0 million for the corresponding period last year. The $37.3 million increase in cash provided by operations for the three months ended
Our financing activities resulted in net cash inflows of $107.4 million during the three months ended January 1, 2010. This compares to net cash inflows of $7.2 million during the corresponding period last year. The $100.3 million net increase in cash flows from financing activities during the three months ended January 1, 2010 as compared to the corresponding period last year was due primarily to a $96.1 million increase in short-term borrowings.
We believe we have adequate liquidity and capital resources to fund our operations, support our acquisition strategy, and service our debt for the next twelve months. We had $1.1 billion in cash and cash equivalents at January 1, 2010, compared to $1.0 billion at October 2, 2009. Our consolidated working capital position at January 1, 2010 was $1.3 billion, a decrease of $200.0 million from October 2, 2009. We have a long-term, unsecured, revolving credit facility providing up to $290.0 million of debt capacity, under which $0.6 million was
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Jacobs Engineering Group Inc. has a market cap of $4.9 billion; its shares were traded at around $39.42 with a P/E ratio of 12.4 and P/S ratio of 0.4. Jacobs Engineering Group Inc. had an annual average earning growth of 15.4% over the past 10 years. GuruFocus rated Jacobs Engineering Group Inc. the business predictability rank of 3.5-star.JEC is in the portfolios of Kenneth Fisher of Fisher Asset Management, LLC, Ruane Cunniff of Ruane & Cunniff & Goldfarb Inc, Chuck Royce of ROYCE & ASSOCIATES.
Highlight of Business Operations:
Direct costs of contracts for the three months ended January 1, 2010 decreased $666.7 million, or 23.8%, to $2.1 billion as compared to $2.8 billion for the corresponding period last year. The level of direct costs of contracts may fluctuate between reporting periods due to a variety of factors including the amount of pass-through costs we incur during a period. On those projects where we are responsible for subcontract labor or third-party materials and equipment, we reflect the amounts of such items in both revenues and costs (and we refer to such costs as pass-through costs). On other projects, where the client elects to pay for such items directly and we have no associated responsibility for such items, these amounts are not consideredAt January 1, 2010, our principal sources of liquidity consisted of $1.1 billion of cash and cash equivalents, and $289.4 million of available borrowing capacity under our $290.0 million, long-term, unsecured revolving credit facility. We finance as much of our operations and growth as possible through cash generated by our operations.
During the first three months of fiscal 2010, our cash and cash equivalents increased by $21.4 million to $1.1 billion at January 1, 2010. This compares to a net increase in cash and cash equivalents of $183.4 million, to $787.9 million, during the corresponding period last year. During the three months ended January 1, 2010, we experienced net cash inflows of $240.4 million from operating activities, $107.4 million from financing activities, and $0.8 million from the effects of exchange rate changes. These cash inflows were offset in part by net cash outflows of $327.2 million from investing activities.
Our operations provided net cash of $240.4 million during the three months ended January 1, 2010. This compares to net cash inflows of $203.0 million for the corresponding period last year. The $37.3 million increase in cash provided by operations for the three months ended
Our financing activities resulted in net cash inflows of $107.4 million during the three months ended January 1, 2010. This compares to net cash inflows of $7.2 million during the corresponding period last year. The $100.3 million net increase in cash flows from financing activities during the three months ended January 1, 2010 as compared to the corresponding period last year was due primarily to a $96.1 million increase in short-term borrowings.
We believe we have adequate liquidity and capital resources to fund our operations, support our acquisition strategy, and service our debt for the next twelve months. We had $1.1 billion in cash and cash equivalents at January 1, 2010, compared to $1.0 billion at October 2, 2009. Our consolidated working capital position at January 1, 2010 was $1.3 billion, a decrease of $200.0 million from October 2, 2009. We have a long-term, unsecured, revolving credit facility providing up to $290.0 million of debt capacity, under which $0.6 million was
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