J · 8-K · 20260804PR052563
Liquidity and Debt Position
JACOBS SOLUTIONS INC. · 2026-08-04 · Importance 89 · Surprise 82 · No source text
Cash and cash equivalents declined to $1.173 billion at June 26, 2026 from $1.235 billion at September 26, 2025. Long-term debt increased to $3.579 billion from $2.236 billion, a $1.343 billion increase during the fiscal year. Nine-month net proceeds from borrowings were $1.351 billion, while Q3 included $505.0 million of net debt repayments. Accounts receivable and contract assets increased to $3.761 billion from $2.989 billion, and accounts payable rose to $1.778 billion from $1.261 billion.
Key facts
- Jacobs reduced net leverage to below its year-end target as a result of an increase in free cash flow and share repurchases year-to-date of $614 million (management statement) source
- Long-term debt at June 26, 2026: $3,579,376 (in thousands) source
- Cash and cash equivalents at the end of the period (per statements of cash flows) at June 26, 2026: $1,188,977 (in thousands) source
- Cash and cash equivalents (balance sheet Current Assets) at June 26, 2026: $1,172,914 (in thousands) source
- Total current assets at June 26, 2026: $5,089,522 (in thousands) source
- Total current liabilities at June 26, 2026: $3,953,295 (in thousands) source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | — | Jacobs reduced net leverage to below its year-end target as a result of an increase in free cash flow and share repurchases year-to-date… |
| cash | unclear | realized | — | Cash and cash equivalents (balance sheet Current Assets) at June 26, 2026: $1,172,914 (in thousands) |
| assets | unclear | realized | — | Total current assets at June 26, 2026: $5,089,522 (in thousands) |
| liability | unclear | realized | — | Total current liabilities at June 26, 2026: $3,953,295 (in thousands) |