Jacobs Engineering (J) 10-K 20 Nov 09 2009 FY Annual report Financial data

Statement Of Financial Position

Statement Of Financial Position Classified (USD $)
In Thousands	12 Months Ended Oct. 02, 2009	12 Months Ended Sep. 26, 2008
Current Assets:
Cash and cash equivalents	$1,033,619	$604,420
Receivables	1,618,561	1,957,773
Deferred income taxes	117,066	142,553
Prepaid expenses and other current assets	49,203	45,488
Total current assets	2,818,449	2,750,234
Property, Equipment and Improvements, Net	240,350	256,140
Other Noncurrent Assets:
Goodwill	929,842	924,060
Miscellaneous	439,973	347,804
Total other noncurrent assets	1,369,815	1,271,864
Assets, Total	4,428,614	4,278,238
Current Liabilities:
Notes payable	17,495	966
Accounts payable	340,651	467,888
Accrued liabilities	679,109	825,587
Billings in excess of costs	252,149	234,203
Income taxes payable	6,497	48,353
Total current liabilities	1,295,901	1,576,997
Long-term Debt	737	55,675
Other Deferred Liabilities	500,501	394,241
Noncontrolling Interests	5,562	6,178
Commitments and Contingencies	-	-
Capital stock:
Preferred stock, $1 par value, authorized-1,000,000 shares; issued and outstanding-none	0	0
Common stock, $1 par value, authorized-240,000,000 shares; issued and outstanding-124,229,933 shares and 122,701,049 shares, respectively	124,230	122,701
Additional paid-in capital	703,860	631,043
Retained earnings	2,009,338	1,620,673
Accumulated other comprehensive loss	(211,515)	(129,270)
Total stockholders' equity	2,625,913	2,245,147
Liabilities and Stockholders' Equity, Total	$4,428,614	$4,278,238

1_Statement Of Financial Positi

Statement Of Financial Position Classified (Parenthetical) (USD $)
	Oct. 02, 2009	Sep. 26, 2008
Preferred stock, par value	$1	$1
Preferred stock, authorized	1,000,000	1,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$1	$1
Common stock, authorized	240,000,000	240,000,000
Common stock, issued	124,229,933	122,701,049
Common stock, outstanding	124,229,933	122,701,049

Statement Of Income Alternative

Statement Of Income Alternative (USD $)
In Thousands, except Per Share data	12 Months Ended Oct. 02, 2009	12 Months Ended Sep. 26, 2008	12 Months Ended Sep. 28, 2007
Revenues	$11,467,376	$11,252,159	$8,473,970
Costs and Expenses:
Direct costs of contracts	(9,906,493)	(9,517,673)	(7,262,621)
Selling, general and administrative expenses	(940,310)	(1,091,427)	(769,393)
Operating Profit	620,573	643,059	441,956
Other (Expense) Income:
Interest income	13,145	15,447	19,764
Interest expense	(2,916)	(4,414)	(8,019)
Miscellaneous income (expense), net	(6,029)	3,319	(5,059)
Total other income (expense), net	4,200	14,352	6,686
Earnings Before Taxes	624,773	657,411	448,642
Income Tax Expense	(224,919)	(236,669)	(161,512)
Net Earnings	$399,854	$420,742	$287,130
Net Earnings Per Share:
Basic	3.26	3.47	2.42
Diluted	3.21	3.38	2.35

Statement Of Shareholders Equit

Statement Of Shareholders Equity And Other Comprehensive Income (USD $)
In Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comp- rehensive Income (Loss)	Total
Beginning Balances at Sep. 30, 2006	$58,996	$417,905	$1,023,968	($77,655)	$1,423,214
Net earnings			287,130		287,130
Foreign currency translation adjustments (net of deferred tax expense of $8,850 in 2009, $4,550 in 2008, and $4,300 in 2007)				22,088	22,088
Adjustment to initially apply FASB Statement No. 158, (net of deferred tax expense of $21,773)				45,016	45,016
Other, miscellaneous elements of total comprehensive income (loss), (net of deferred tax benefit of $2,461 in 2009, deferred tax benefit of $275 in 2008, and deferred tax expense of $610 in 2007)				1,171	1,171
Two-for-one stock split, paid in the form of a stock dividend	59,401	(59,401)			0
Issuances of equity securities, net	1,828	87,778			89,606
Repurchases of equity securities	(367)	(1,576)	(38,746)		(40,689)
Issuance of restricted stock	364	15,762			16,126
Ending Balances at Sep. 28, 2007	120,222	460,468	1,272,352	(9,380)	1,843,662
Net earnings			420,742		420,742
Foreign currency translation adjustments (net of deferred tax expense of $8,850 in 2009, $4,550 in 2008, and $4,300 in 2007)				(18,656)	(18,656)
Pension liability (net of deferred tax benefit of $34,536 in 2009 and $40,673 in 2008)				(100,575)	(100,575)
Other, miscellaneous elements of total comprehensive income (loss), (net of deferred tax benefit of $2,461 in 2009, deferred tax benefit of $275 in 2008, and deferred tax expense of $610 in 2007)				(659)	(659)
Issuances of equity securities, net	2,144	123,823			125,967
Adjustment to initially apply FASB Statement No. 48			(5,340)		(5,340)
Repurchases of equity securities	(371)	(1,743)	(67,081)		(69,195)
Issuance of restricted stock	706	48,495			49,201
Ending Balances at Sep. 26, 2008	122,701	631,043	1,620,673	(129,270)	2,245,147
Net earnings			399,854		399,854
Foreign currency translation adjustments (net of deferred tax expense of $8,850 in 2009, $4,550 in 2008, and $4,300 in 2007)				4,744	4,744
SFAS 158 adjustment to remove early measurement date (net of deferred tax benefit of $2,469)			(5,735)	(982)	(6,717)
Pension liability (net of deferred tax benefit of $34,536 in 2009 and $40,673 in 2008)				(81,845)	(81,845)
Other, miscellaneous elements of total comprehensive income (loss), (net of deferred tax benefit of $2,461 in 2009, deferred tax benefit of $275 in 2008, and deferred tax expense of $610 in 2007)				(4,162)	(4,162)
Issuances of equity securities, net	1,526	66,795			68,321
Repurchases of equity securities	(144)	(2,676)	(5,454)		(8,274)
Issuance of restricted stock	147	8,698			8,845
Ending Balances at Oct. 02, 2009	$124,230	$703,860	$2,009,338	($211,515)	$2,625,913

2_Statement Of Shareholders Equ

Statement Of Shareholders Equity And Other Comprehensive Income (Parenthetical) (USD $)
In Thousands	Comprehensive Income	Total
Foreign currency translation adjustments, deferred tax expense	($4,300)	($4,300)
Adjustment to initially apply FASB Statement No. 158, deferred tax expense	(21,773)	(21,773)
Other, miscellaneous elements of total comprehensive income (loss), deferred tax benefit/expense	(610)	(610)
Foreign currency translation adjustments, deferred tax expense	(4,550)	(4,550)
Pension liability, deferred tax benefit	40,673	40,673
Other, miscellaneous elements of total comprehensive income (loss), deferred tax benefit/expense	275	275
Foreign currency translation adjustments, deferred tax expense	(8,850)	(8,850)
SFAS 158 adjustment to remove early measurement date, deferred tax benefit	2,469	2,469
Pension liability, deferred tax benefit	34,536	34,536
Other, miscellaneous elements of total comprehensive income (loss), deferred tax benefit/expense	$2,461	$2,461

Statement Of Cash Flows Indirec

Statement Of Cash Flows Indirect (USD $)
In Thousands	12 Months Ended Oct. 02, 2009	12 Months Ended Sep. 26, 2008	12 Months Ended Sep. 28, 2007
Cash Flows from Operating Activities:
Net earnings	$399,854	$420,742	$287,130
Depreciation and amortization:
Property, equipment and improvements	68,670	63,725	49,712
Intangible assets	17,672	9,401	5,958
Gain on sale of investment	(1,249)	(10,609)	0
Stock based compensation	24,085	21,289	17,982
Excess tax benefits from stock based compensation	(3,514)	(46,257)	(25,803)
Losses on sales of assets, net	152	85	700
Changes in assets and liabilities, excluding the effects of businesses acquired:
Receivables	300,929	(276,671)	(101,645)
Prepaid expenses and other current assets	(4,972)	1,875	(3,675)
Accounts payable	(117,537)	45,782	(54,739)
Accrued liabilities	(135,121)	55,471	78,861
Billings in excess of costs	14,475	(28,932)	119,596
Income taxes payable	(30,414)	56,108	(12,361)
Deferred income taxes	342	386	(1,450)
Other, net	95	1,016	595
Net cash provided by operating activities	533,467	313,411	360,861
Cash Flows from Investing Activities:
Additions to property and equipment	(55,528)	(114,786)	(64,620)
Disposals of property and equipment	2,270	383	1,490
Net change in miscellaneous, non-current assets	15,713	(38,871)	(11,092)
Changes in investments, net	(34,040)	7,431	(2,853)
Acquisition of businesses, net of cash acquired	(23,329)	(264,067)	(88,721)
Net cash used for investing activities	(94,914)	(409,910)	(165,796)
Cash Flows from Financing Activities:
Proceeds from long-term borrowings	2,030	45,570	28,474
Repayments of long-term borrowings	(47,993)	(27,335)	(70,860)
Net change in short-term borrowings	15,933	(6,821)	(13,945)
Proceeds from issuances of common stock	43,361	46,362	34,691
Excess tax benefits from stock based compensation	3,514	46,257	25,803
Other, net	(55,848)	(5,244)	(24,458)
Net cash provided by (used for) financing activities	(39,003)	98,789	(20,295)
Effect of Exchange Rate Changes	29,649	(11,222)	4,515
Increase (Decrease) in Cash and Cash Equivalents	429,199	(8,932)	179,285
Cash and Cash Equivalents at Beginning of Period	604,420	613,352	434,067
Cash and Cash Equivalents at End of Period	$1,033,619	$604,420	$613,352

1.Description of Business and B

1.Description of Business and Basis of Presentation
	12 Months Ended Oct. 02, 2009 USD / shares
Notes to Financial Statements [Abstract]
1.Description of Business and Basis of Presentation	1. Description of Business and Basis of Presentation Description of Business We provide a broad range of technical, professional, and construction services including engineering, design, and architectural services; construction and construction management services; operations and maintenance services; and process, scientific, and systems consulting services. We provide our services through offices and subsidiaries located primarily in North America, Europe, the Middle East, Asia, and Australia. We provide our services under cost-reimbursable, cost-reimbursable with a guaranteed maximum price, and fixed-price contracts. The percentage of revenues realized from each of these types of contracts for each of the last three fiscal years was as follows: 2009 2008 2007 Cost-reimbursable 85 % 86 % 88 % Fixed-price 14 12 10 Guaranteed maximum price 1 2 2 Basis of Presentation and Definition of Fiscal Year The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) and include the accounts of the parent company, Jacobs Engineering Group Inc., and its subsidiaries. As used herein, references to the Company, we, us or our are to both Jacobs Engineering Group Inc. and its consolidated subsidiaries, and references to Jacobs refer to the parent company only. All significant intercompany accounts and transactions have been eliminated in consolidation. The Companys fiscal year ends on the Friday closest to September30 (determined on the basis of the number of workdays) and, accordingly, an additional week of activity is added every five to six years, such as in fiscal 2009. In the past, and solely for ease of reference, we titled our financial statements as being at or for the fiscal year ended September30. Henceforth, we will title our financial statements using the specific date on which our fiscal years end. There was no material effect on our consolidated financial statements from making this change in presentation. The Company has evaluated subsequent events through the date of filing the Annual Report on Form 10-K that includes these consolidated financial statements with the U.S. Securities and Exchange Commission. No material subsequent events have occurred since October2, 2009 that required recognition or disclosure in these financial statements.

2.Significant Accounting Polici

2.Significant Accounting Policies
	12 Months Ended Oct. 02, 2009 USD / shares
Notes to Financial Statements [Abstract]
2.Significant Accounting Policies	2. Significant Accounting Policies Revenue Accounting for Contracts and Use of Joint Ventures In general, we recognize revenues at the time we provide services. Depending on the commercial terms of the contract, we recognize revenues either when costs are incurred, or using the percentage-of-completion method of accounting by relating contract costs incurred to date to the total estimated costs at completion. Contract losses are provided for in their entirety in the period they become known, without regard to the percentage-of-completion. We also recognize as revenues costs associated with claims and unapproved change orders to the extent it is probable that such claims and change orders will result in additional contract revenue, and the amount of such additional revenue can be reliably estimated. Certain cost-reimbursable contracts include incentive-fee arrangements. The incentive fees in such contracts can be based on a variety of factors but the most common are the achievement of target completion dates, target costs, and/or other performance criteria. Failure to meet these targets can result in unrealized incentive fees. We recognize incentive fees based on expected results using the percentage-of-completion method of accounting. As the contract progresses and more information becomes available, the estimate of the anticipated incentive fee that will be earned is revised as necessary. We bill incentive fees based on the terms and conditions of the individual contracts. In certain situations we are allowed to bill a portion of the incentive fees over the performance period of the contract. In other situations, we are allowed to bill incentive fees only after the target criterion has been achieved. Incentive fees which have been recognized but not billed are included in receivables in the accompanying Consolidated Balance Sheets. Certain cost-reimbursable contracts with government customers as well as certain commercial clients provide that contract costs are subject to audit and adjustment. In this situation, revenues are recorded at the time services are performed based upon the amounts we expect to realize upon completion of the contracts. Revenues are not recognized for non-recoverable costs. In those situations where an audit indicates that we may have billed a client for costs not allowable under the terms of the contract, we estimate the amount of such nonbillable costs and adjust our revenues accordingly. As is common to the industry, we execute certain contracts jointly with third parties through various forms of joint ventures and consortiums. For certain of these joint ventures (i.e., where we have an undivided interest in the assets and liabilities of the joint venture), we recognize our proportionate share of joint venture revenues, costs, and operating profit in our Consolidated Statements of Earnings. For other investments in engineering and construction joint ventures, we use the equity method of accounting. Very few of our joint ventures have employees. Although the joint ventures own and hold the contracts with the clients, the services required by the contracts are typically performed by us and

3.Stock Purchase and Stock Opti

3.Stock Purchase and Stock Option Plans
	12 Months Ended Oct. 02, 2009 USD / shares
Notes to Financial Statements [Abstract]
3.Stock Purchase and Stock Option Plans	3. Stock Purchase and Stock Option Plans Broad-Based, Employee Stock Purchase Plans We sponsor two, broad-based, shareholder-approved employee stock purchase plans: the Jacobs Engineering Group Inc. 1989 Employee Stock Purchase Plan (the 1989 ESPP) and the Jacobs Engineering Group Inc. Global Employee Stock Purchase Plan (the GESPP). Both plans give employees the right to purchase shares of the common stock of Jacobs at a discount that is limited to 5% of the per-share market value on the day shares are sold to employees. The following table summarizes the stock issuance activity under the 1989 ESPP and the GESPP during each of the last three fiscal years: 2009 2008 2007 Aggregate Purchase Price Paid for Shares Sold: Under the 1989 ESPP $ 37,246,390 $ 33,092,354 $ 23,078,856 Under the GESPP 3,033,146 3,945,705 2,727,517 Total $ 40,279,536 $ 37,038,059 $ 25,806,373 Aggregate Number of Shares Sold: Under the 1989 ESPP 966,241 447,572 475,160 Under the GESPP 76,420 53,602 55,075 Total 1,042,661 501,174 530,235 At October2, 2009, there were 5,484,841 shares reserved for issuance under the 1989 ESPP, and there were 557,625 shares reserved for issuance under the GESPP. Stock Option Plans We sponsor two, continuing, shareholder-approved stock option plans: the 1999 Stock Incentive Plan (the 1999 SIP) and the 1999 Outside Director Stock Plan (the 1999 OSDP). The 1999 SIP provides for the issuance of incentive stock options, nonqualified stock options and restricted stock to employees. The 1999 OSDP provides for awards of stock, restricted stock, and restricted stock units, and grants of nonqualified stock options to our outside (i.e., nonemployee) directors. The 1999 SIP and the 1999 OSDP (together, the 1999 Plans) replaced our 1981 Executive Incentive Plan (the 1981 Plan). The following table sets forth certain information about the 1999 Plans: 1999 SIP 1999OSDP Total Number of shares authorized 18,700,000 800,000 19,500,000 Number of remaining shares reserved for issuance at October2, 2009 10,996,347 521,000 11,517,347 Number of shares relating to outstanding stock options at October2,2009 6,788,017 243,000 7,031,017 Number of shares available for future awards: At October2, 2009 4,208,330 278,000 4,486,330 At September26, 2008 1,423,624 313,500 1,737,124 The number of shares of common stock that may be awarded under the 1999 SIP in the form of restricted stock is limited to 4,870,000 shares, and shares of restricted stock that are subsequently forfeited become available again for issuance as restricted stock. At October2, 2009, there were a total of 3,893,167 shares of common stock that remained available for issuance in the form of restricted stock under the 1999 SIP. Total pre-tax compensation cost relating to stock-based compensation included in the accompanying Consolidated Statements of Earnings for the

4.Earnings Per Share

4.Earnings Per Share
	12 Months Ended Oct. 02, 2009 USD / shares
Notes to Financial Statements [Abstract]
4.Earnings Per Share	4. Earnings Per Share The following table reconciles the denominator used to compute Basic EPS to the denominator used to compute Diluted EPS for each of the last three fiscal years (in thousands): 2009 2008 2007 Weighted average shares outstanding (denominator used to compute Basic EPS) 122,772 121,083 118,559 Effect of stock options and restricted shares 1,762 3,274 3,667 Denominator used to compute Diluted EPS 124,534 124,357 122,226 For the three months and fiscal year ended October2, 2009 and September26, 2008, there were stock options representing 2,237,137 and 2,287,637 shares of common stock, and 736,850 and 694,350 shares of common stock, respectively, which were anti-dilutive and excluded from the computation of the number of weighted average shares outstanding used to compute diluted earnings per share.

5.Property, Equipment and Impro

5.Property, Equipment and Improvements, Net
	12 Months Ended Oct. 02, 2009 USD / shares
Notes to Financial Statements [Abstract]
5.Property, Equipment and Improvements, Net	5. Property, Equipment and Improvements, Net The following table presents the components of our property, equipment and improvements at October2, 2009 and September 26, 2008 (in thousands): 2009 2008 Land $ 11,901 $ 11,103 Buildings 85,067 79,497 Equipment 430,220 406,424 Leasehold improvements 125,050 112,244 Construction in progress 5,845 21,772 658,083 631,040 Accumulated depreciation and amortization (417,733 ) (374,900 ) $ 240,350 $ 256,140

6.Borrowings

6.Borrowings
	12 Months Ended Oct. 02, 2009 USD / shares
Notes to Financial Statements [Abstract]
6.Borrowings	6. Borrowings Short-Term Credit Arrangements The Company maintains both committed and uncommitted credit arrangements with several banks providing for short-term borrowing capacity and overdraft protection. At October2, 2009, $17.5million was outstanding under these facilities bearing interest of 1.01%. No amounts were outstanding under these short-term bank credit facilities at September26, 2008. Long-term Debt and Credit Arrangements Amounts shown as Long-term Debt in the accompanying Consolidated Balance Sheets represent borrowings under our $290.0million, long-term, revolving credit facility. The facility expires in May 2012, and provides for unsecured borrowings from banks (a syndicate consisting of U.S., Canadian, and European banks) at either fixed rates offered by the banks at the time of borrowing on loans not greater than 12 months, or at variable rates based on the agent banks base rate, LIBOR or the latest federal funds rate. The agreement contains certain negative covenants relating to the Companys consolidated net worth, and a leverage ratio based on outstanding borrowings (including financial letters of credit) and earnings before interest, taxes, depreciation, and amortization (all as defined in the agreement). The agreement requires us to pay a facility fee based on the total amount of the commitments. During fiscal 2009 and 2008, the weighted average interest rates charged on these borrowings were 3.06% and 5.99%, respectively. Interest payments made during fiscal 2009, 2008, and 2007 totaled $1.7million, $3.5million, and $5.4million, respectively.

7.Pension Plans

7.Pension Plans
	12 Months Ended Oct. 02, 2009 USD / shares
Notes to Financial Statements [Abstract]
7.Pension Plans	7. Pension Plans Company-Only Sponsored Plans We sponsor various defined benefit pension plans covering employees of certain U.S. and international subsidiaries. The pension plans provide pension benefits that are based on the employees compensation and years of service. Our funding policy is to fund the actuarially determined accrued benefits, allowing for projected compensation increases using the projected unit method. The following table sets forth the change in the plans combined net benefit obligation for each fiscal year presented (in thousands): 2009 2008 Net benefit obligation at the beginning of the year $ 898,252 $ 856,030 Service cost 19,212 24,763 Interest cost 49,781 50,421 Participants contributions 13,186 15,518 Actuarial loss 87,820 27,509 Benefits paid (26,593 ) (29,565 ) Curtailments/Settlements (2,791 ) Obligations under new plans 9,094 Transfers 1,356 4,200 Special termination benefits 203 Removal of early measurement date 13,034 Effect of exchange rate changes (64,791 ) (56,927 ) Net benefit obligation at the end of the year $ 991,460 $ 898,252 The following table sets forth the change in the combined fair value of the plans assets for each fiscal year presented (in thousands): 2009 2008 Fair value of plan assets at the beginning of the year $ 664,699 $ 746,189 Actual return on plan assets (6,231 ) (67,247 ) Employer contributions 48,518 47,046 Participants contributions 13,186 15,518 Gross benefits paid (26,593 ) (29,565 ) Transfers 1,356 2,679 Curtailments/Settlements (3,340 ) Removal of early measurement date 36,151 Effect of exchange rate changes (51,584 ) (46,581 ) Fair value of plan assets at the end of the year $ 679,502 $ 664,699 The following table reconciles the combined funded statuses of the plans as well as amounts recognized and not recognized in the accompanying Consolidated Balance Sheets at October2, 2009 and September26, 2008 (in thousands): 2009 2008 Funded status as of the measurement date $ (311,958 ) $ (233,553 ) Contributions after measurement date 20,087 Net amount recognized at the end of the year $ (311,958 ) $ (213,466 ) The following table presents the amounts recognized in the accompanying Consolidated Balance Sheets at October2, 2009 and September26, 2008 (in thousands): 2009 2008 Accrued benefit cost included in current liabilities $ (1,896 ) $ (1,923 ) Accrued benefit cost included in noncurrent liabilities (310,062 ) (211,543 ) Net amount recognized at the end of the year $ (311,958 ) $ (213,466 ) The Company adopted FASB Statement

8.Savings and Deferred Compensa

8.Savings and Deferred Compensation Plans
	12 Months Ended Oct. 02, 2009 USD / shares
Notes to Financial Statements [Abstract]
8.Savings and Deferred Compensation Plans	8. Savings and Deferred Compensation Plans Savings Plans We sponsor various defined contribution savings plans which allow participants to make voluntary contributions by salary deduction. Such plans cover substantially all of our domestic, nonunion employees in the U.S. and are qualified under section 401(k) of the United States Internal Revenue Code. Similar plans outside the U.S. cover various groups of employees of our international subsidiaries and affiliates. Several of these plans allow the Company to match, on a voluntary basis, a portion of the employee contributions. Company contributions to these plans during fiscal 2009, 2008, and 2007 totaled $55.0million, $46.7million, and $36.8million, respectively. Deferred Compensation Plans Our Executive Security Plan and Executive Deferral Plans are nonqualified deferred compensation programs that provide benefits payable to directors, officers, and certain key employees or their designated beneficiaries at specified future dates, upon retirement, or death. Benefit payments under both plans are funded by a combination of contributions from participants and the Company, and most of the participants are covered by life insurance policies with the Company designated as the beneficiary. Amounts charged to expense relating to these programs during fiscal 2009, 2008, and 2007 totaled $8.3 million, $1.7million, and $2.4million, respectively.

9.Income Taxes

9.Income Taxes
	12 Months Ended Oct. 02, 2009 USD / shares
Notes to Financial Statements [Abstract]
9.Income Taxes	9. Income Taxes The following table presents the components of our consolidated income tax expense for each of the last three fiscal years (in thousands): 2009 2008 2007 Current income tax expense: Federal $ 146,865 $ 145,483 $ 137,136 State 30,137 17,255 17,563 Foreign 42,597 71,625 54,822 Total current tax expense 219,599 234,363 209,521 Deferred income tax expense (benefit): Federal (733 ) (8,005 ) (44,021 ) State 397 1,695 (6,184 ) Foreign 5,656 8,616 2,196 Total deferred tax expense (benefit) 5,320 2,306 (48,009 ) Consolidated income tax expense $ 224,919 $ 236,669 $ 161,512 Deferred taxes reflect the tax effects of the differences between the amounts recorded as assets and liabilities for financial reporting purposes and the comparable amounts recorded for income tax purposes. Deferred tax assets and liabilities are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The following table presents the components of our net deferred tax assets at October2, 2009 and September26, 2008 (in thousands): 2009 2008 Deferred tax assets: Obligations relating to: Defined benefit pension plans $ 83,734 $ 63,496 Other employee benefit plans 129,279 123,586 Self-insurance programs 26,213 24,566 Contract revenues and costs 15,102 29,789 Office closings / consolidations 1,076 4,079 Other 17,631 7,634 Gross deferred tax assets 273,035 253,150 Deferred tax liabilities: Depreciation and amortization (91,501 ) (68,536 ) Residual U.S. tax on unremitted, non-U.S. earnings (222 ) (167 ) Translation adjustments (8,850 ) State income and franchise taxes (3,000 ) Other, net (1,954 ) (1,025 ) Gross deferred tax liabilities (93,677 ) (81,578 ) Net deferred tax assets $ 179,358 $ 171,572 During fiscal 2009, 2008, and 2007, we realized income tax benefits of $4.7million, $51.1million, and $29.7million, respectively, relating to exercises of nonqualified stock options, and disqualifying dispositions of stock sold under our employee stock purchase plans. The reconciliation of total income tax expense using the statutory U.S. federal income tax rate to the consolidated income tax expense shown in the accompanying Consolidated Statements of Earnings for each of the last three fiscal years follows (dollars in thousands): 2009 2008 2007 Statutory amount (computed using 35%) $ 218,671 $ 230,094 $ 157,025 State taxes, net of the federal

10.Commitments and Contingencie

10.Commitments and Contingencies, and Derivative Financial Instruments
	12 Months Ended Oct. 02, 2009 USD / shares
Notes to Financial Statements [Abstract]
10.Commitments and Contingencies, and Derivative Financial Instruments	10. Commitments and Contingencies, and Derivative Financial Instruments Commitments Under Operating Leases We lease certain of our facilities and equipment under operating leases with net aggregate future lease payments of approximately $765.3million at October2, 2009 payable as follows (in thousands): In fiscal years, 2010 $ 145,846 2011 155,989 2012 92,424 2013 69,572 2014 56,086 Thereafter 264,908 784,825 Amounts representing sublease income (19,563 ) $ 765,262 We recognize rent expense, inclusive of landlord concessions and tenant allowances, over the lease term on a straight-line basis. We also recognize rent expense on a straight-line basis for leases containing fixed escalation clauses and rent holidays. Contingent rentals are included in rent expense as accruable. Rent expense for fiscal years 2009, 2008, and 2007 totaled $149.7million, $148.6million, and $105.8million, respectively, and was offset by sublease income of approximately $10.0million, $10.6million, and $13.2million, respectively. Operating leases relating to many of our major offices generally contain renewal options, and provide for additional rental based on escalation in operating expenses and real estate taxes. Guarantees We are party to two synthetic lease agreements involving certain real and personal property located in Houston, Texas that we use in our operations. A synthetic lease is a type of off-balance sheet transaction which provides us with certain tax and other financial benefits. Significant terms of the leases are as follows: Lease 1 Lease 2 End of lease term 2011 2015 End of term purchase option (in thousands) $ 49,000 $ 52,200 Residual value guaranty (in thousands) $ 35,300 $ 38,800 Both lease agreements give us the right to request an extension of the lease term. We may also assist the owner in selling the properties at the end of their respective terms, the proceeds from which would be used to reduce our residual value guarantees. In connection with Lease 2, we entered into a floating-to-fixed interest rate swap agreement with a U.S. bank which fixes the amount of the Companys lease payments. At October2, 2009 the notional amount of this hedge was $52.2million. This instrument allows us to receive a floating rate payment tied to the 1-month LIBOR from the counterparty in exchange for a fixed-rate payment from us. Weve determined this interest rate swap to be highly effective according to U.S. GAAP. The minimum lease payments required by both lease agreements are included in the above lease pay-out schedule. We have determined that the estimated fair value of the aforementioned financial guarantees was not significant at October2, 2009. Derivative Financial Instruments In situations where our operations incur contract costs in currencies other than their functional currency, we attempt to have a portion of the related contract revenues denominated in the same currencies as the costs. In those situations where revenues and costs are transacted in

11.Contractual Guarantees, Liti

11.Contractual Guarantees, Litigation, Investigations, and Insurance
	12 Months Ended Oct. 02, 2009 USD / shares
Notes to Financial Statements [Abstract]
11.Contractual Guarantees, Litigation, Investigations, and Insurance	11. Contractual Guarantees, Litigation, Investigations, and Insurance In the normal course of business, we are subject to certain contractual guarantees and litigation. The guarantees to which we are a party generally relate to project schedules and plant performance. Most of the litigation in which we are involved has us as a defendant in workers compensation; personal injury; environmental; employment/labor; professional liability; and other similar lawsuits. We maintain insurance coverage for various aspects of our business and operations. We have elected, however, to retain a portion of losses that occur through the use of various deductibles, limits, and retentions under our insurance programs. This situation may subject us to some future liability for which we are only partially insured, or completely uninsured. We intend to mitigate any such future liability by continuing to exercise prudent business judgment in negotiating the terms and conditions of our contracts. Additionally, as a contractor providing services to the United States federal government and several of its agencies, we are subject to many levels of audits, investigations, and claims by, or on behalf of, the U.S. federal government with respect to our contract performance, pricing, costs, cost allocations, and procurement practices. Furthermore, our income, franchise, and similar tax returns and filings are also subject to audit and investigation by the Internal Revenue Service, most states within the United States as well as by various government agencies representing jurisdictions outside the United States. We record in our Consolidated Balance Sheets amounts representing our estimated liability relating to such claims, guarantees, litigation, and audits and investigations. We perform an analysis to determine the level of reserves to establish for insurance-related claims that are known and have been asserted against us, and for insurance-related claims that are believed to have been incurred based on actuarial analysis, but have not yet been reported to our claims administrators as of the respective balance sheet dates. We include any adjustments to such insurance reserves in our consolidated results of operations. Management believes, after consultation with counsel, that such guarantees, litigation, United States government contract-related audits, investigations and claims, and income tax audits and investigations should not have any material adverse effect on our consolidated financial statements. In addition to the matters described above, we are involved in a dispute with a client relating to a large waste incineration project in Europe. The contract was entered into by one of our subsidiaries more than ten years ago prior to our acquisition of that subsidiary. The dispute involves proper waste feed; content of residues; final acceptance of the plant; and costs of operation and maintenance of the plant. We have initiated litigation against the client and are seeking in excess of 40.0million (approximately $58.2million) in damages. The client has filed a counterclaim against us, which we believe is without merit. We believe our claims ar

12.Common and Preferred Stock

12.Common and Preferred Stock
	12 Months Ended Oct. 02, 2009 USD / shares
Notes to Financial Statements [Abstract]
12.Common and Preferred Stock	12. Common and Preferred Stock Jacobs is authorized to issue two classes of capital stock designated common stock and preferred stock (each has a par value of $1.00 per share). The preferred stock may be issued in one or more series. The number of shares to be included in a series as well as each series designation, relative powers, dividend and other preferences, rights and qualifications, redemption provisions, and restrictions are to be fixed by the Board of Directors at the time each series is issued. Except as may be provided by the Board of Directors in a preferred stock designation, or otherwise provided for by statute, the holders of shares of common stock have the exclusive right to vote for the election of Directors and all other matters requiring stockholder action. The holders of shares of common stock are entitled to dividends if and when declared by the Board of Directors from whatever assets are legally available for that purpose. In December 2000, the Board of Directors of Jacobs approved the Amended and Restated Rights Agreement dated December20, 2000 (the Rights Agreement). The Rights Agreement is intended to protect the rights of our shareholders in the event of an unsolicited takeover attempt. It is not intended to prevent a takeover of the Company on terms that are favorable and fair to all shareholders, and the Rights Agreement will not interfere with any merger approved by the Board of Directors. Pursuant to the terms of the Rights Agreement, each outstanding share of common stock has attached to it one stock purchase right (a Right). Each Right entitles holders of common stock to purchase, in certain circumstances generally relating to a change in control of Jacobs, one four-hundredths of a share of our Series A Junior Participating Cumulative Preferred Stock, par value $1.00 per share (the Series A Preferred Stock) at the exercise price of $175.00 per share, subject to adjustment. Alternatively, the Right holder may purchase shares of common stock having a market value equal to two times the exercise price, or may purchase shares of common stock of the acquiring corporation having a market value equal to two times the exercise price. The Series A Preferred Stock confers to its holders, rights as to dividends, voting, and liquidation which are in preference to common stockholders. The Rights are nonvoting, are not presently exercisable, and currently trade in tandem with the common shares. In accordance with the Rights Agreement, we may redeem the Rights at $0.0025 per Right. The Rights will expire on December20, 2010, unless earlier exchanged or redeemed.

13.Other Financial Information

13.Other Financial Information
	12 Months Ended Oct. 02, 2009 USD / shares
Notes to Financial Statements [Abstract]
13.Other Financial Information	13. Other Financial Information Supplemental Balance Sheet Information The following table presents the components of Miscellaneous noncurrent assets as shown in the accompanying Consolidated Balance Sheets at October2, 2009 and September26, 2008 (in thousands): 2009 2008 Deferred income taxes $ 155,968 $ 107,597 Cash surrender value of life insurance policies 59,236 66,325 Intangible assets (a) 57,459 59,903 Project related long-term receivables 37,887 38,127 Investments 108,895 47,521 Notes receivable 2,130 1,969 Other 18,398 26,362 Total $ 439,973 $ 347,804 (a) Consists primarily of intangible assets acquired in connection with various business combinations. The following table presents the components of Accrued liabilities as shown in the accompanying Consolidated Balance Sheets at October2, 2009 and September26, 2008 (in thousands): 2009 2008 Accrued payroll and related liabilities $ 409,476 $ 493,249 Project-related accruals 68,255 112,421 Insurance liabilities 73,293 79,017 Sales and other similar taxes 39,152 48,715 Other 88,933 92,185 Total $ 679,109 $ 825,587 The following table presents the components of Other deferred liabilities as shown in the accompanying Consolidated Balance Sheets at October2, 2009 and September26, 2008 (in thousands): 2009 2008 Liabilities relating to defined benefit pension and early retirement plans $ 311,126 $ 214,813 Liabilities relating to nonqualified deferred compensation arrangements 73,595 73,221 Deferred income taxes 93,676 78,578 Miscellaneous 22,104 27,629 Total $ 500,501 $ 394,241 The following table presents the components of Total accumulated other comprehensive loss as shown in the accompanying Consolidated Balance Sheets at October2, 2009 and September26, 2008 (in thousands): 2009 2008 Foreign currency translation adjustments $ (4,075 ) $ (8,819 ) Adjustments relating to defined benefit pension plans (203,128 ) (120,301 ) Other (a) (4,312 ) (150 ) Total $ (211,515 ) $ (129,270 ) (a) Consists of unrealized gains (losses) on available-for-sale marketable securities, and gains (losses) associated with cash flow hedges. Supplemental Cash Flow Information During fiscal 2009 and fiscal 2008, the Company acquired businesses for cash and stock of $23.3 million and $305.2 million, respectively. The following table presents the non-cash adjustments relating to these acquisitions made in preparing the Companys Consolidated Statements of Cash Flows (in thousands): 2009 2008 Working capital $ 8,869 $ (38,525 ) Property and equipment 5,890 18,878 Noncurrent assets 308 38,386 Deferred liabilities (5,046 ) Noncont

14.Segment Information

14.Segment Information
	12 Months Ended Oct. 02, 2009 USD / shares
Notes to Financial Statements [Abstract]
14.Segment Information	14. Segment Information As discussed above, we provide a broad range of technical, professional, and construction services. We provide our services through offices and subsidiaries located primarily throughout North America and Europe. We also have offices located in selected areas of the Middle East, Asia, and Australia. All of our operations share similar economic characteristics. For example, all of our operations are highly influenced by the general availability of qualified engineers and other technical professional staff. They also provide similar services as well as share similar processes for delivering our services. There is also a high degree of similarity of the workforces employed among the various categories of services we provide. For example, engineering and design services (i.e., services provided by persons who are degreed, and in certain circumstances licensed, professionals such as engineers, architects, scientists, and economists) exist in all four service categories. In addition, there is a high degree of similarity among a significant component of the workforces we employ to perform construction and operations and maintenance projects. In providing construction and operations and maintenance services, we employ a large number of skilled craft labor personnel. These may include welders, pipe fitters, electricians, crane operators, and other personnel who work on very large capital projects (in the case of projects classified within the construction services category) or on smaller capital projects (in the case of maintenance projects classified within the operations and maintenance services category). In addition, the use of technology is highly similar and consistent throughout our organization, as is our client base (with the exception of our operations outside the United States, which perform very little work for the U.S. federal government), and our quality assurance and safety programs. Furthermore, the types of information and internal reports used by management to monitor performance, evaluate results of operations, allocate resources, and otherwise manage the business support a single reportable segment. Accordingly, based on these operational similarities and the way management monitors the Companys results of operations, we have concluded that our operations may be aggregated into one reportable segment for purposes of this disclosure. The following table presents certain financial information by geographic area for fiscal 2009, 2008, and 2007 (in thousands): 2009 2008 2007 Revenues: United States $ 7,362,752 $ 6,998,195 $ 5,020,417 Europe 2,204,503 2,323,271 2,050,867 Canada 1,597,568 1,593,009 1,117,879 Asia 253,664 290,042 242,868 Other 48,889 47,642 41,939 Total $ 11,467,376 $ 11,252,159 $ 8,473,970 Long-Lived Assets: United States $ 159,451 $ 163,875 $ 118,675 Europe 40,840 52,490 44,102 Canada 23,564 20,304 11,594 Asia 15,432 17,828 16,575

15.Selected Quarterly Informati

15.Selected Quarterly Information-Unaudited
	12 Months Ended Oct. 02, 2009 USD / shares
Notes to Financial Statements [Abstract]
15.Selected Quarterly Information-Unaudited	15. Selected Quarterly InformationUnaudited The following table presents selected quarterly financial information for each of the last three fiscal years. Amounts are presented in thousands, except for per share amounts: First Quarter Second Quarter Third Quarter Fourth Quarter Fiscal Year 2009 Revenues $ 3,232,653 $ 2,975,452 $ 2,706,724 $ 2,552,547 $ 11,467,376 Operating profit (a) 181,068 170,688 146,674 122,143 620,573 Earnings before taxes 181,815 170,744 148,281 123,933 624,773 Net earnings 116,350 109,287 94,900 79,317 399,854 Earnings per share: Basic 0.95 0.89 0.77 0.64 3.26 Diluted 0.94 0.88 0.76 0.63 3.21 2008 Revenues $ 2,471,817 $ 2,664,794 $ 2,918,927 $ 3,196,621 $ 11,252,159 Operating profit (a) 141,256 154,152 168,871 178,780 643,059 Earnings before taxes 153,705 155,174 169,807 178,725 657,411 Net earnings 98,370 (b) 99,312 108,677 114,383 420,742 (b) Earnings per share: Basic 0.82 (b) 0.82 0.89 0.94 3.47 (b) Diluted 0.79 (b) 0.80 0.87 0.92 3.38 (b) 2007 Revenues $ 2,018,508 $ 2,091,704 $ 2,083,689 $ 2,280,069 $ 8,473,970 Operating profit (a) 94,374 102,489 115,704 129,389 441,956 Earnings before taxes 95,723 105,041 116,863 131,015 448,642 Net earnings 61,262 67,226 74,750 83,892 287,130 Earnings per share: Basic 0.52 0.57 0.63 0.70 2.42 Diluted 0.51 0.55 0.61 0.68 2.35 (a) Operating profit represents revenues less (i)direct costs of contracts, and (ii)selling, general and administrative expenses. (b) Includes a one-time net gain of $5.4million, or $0.04 per basic and diluted share, relating to the sale, in the first quarter of fiscal 2008, of the Companys interest in a company that provides specialized operations and maintenance services.

Document Information

Document Information
	12 Months Ended Oct. 02, 2009 USD / shares
Document Information [Text Block]
Document Type	10-K
Amendment Flag	false
Document Period End Date	2009-10-02

Entity Information

Entity Information (USD $)
	12 Months Ended Oct. 02, 2009	Nov. 17, 2009	Apr. 03, 2009
Entity [Text Block]
Trading Symbol	JEC
Entity Registrant Name	JACOBS ENGINEERING GROUP INC /DE/
Entity Central Index Key	0000052988
Current Fiscal Year End Date	--10-02
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		124,338,561
Entity Public Float			$5,300,000,000