J · 10-Q · 2026Q2 · Full report
Liquidity and Cash Position
JACOBS SOLUTIONS INC. · 2026-08-04 · Importance 56 · Surprise 24 · Contradicted
At June 26, 2026, Jacobs held $1.17 billion in cash and cash equivalents and had $1.50 billion of available capacity under the JSI Revolving Credit Facility. Long-term debt increased by $1.3 billion year over year, primarily due to the March 3, 2026 issuance of $800.0 million of 4.75% Bonds and $500.0 million of 5.375% Bonds. On March 16, 2026, Jacobs entered into term loans of $700.0 million due in 2029 and $500.0 million due in 2031, with proceeds used to fund the PA Consulting Transaction. Management stated that liquidity and capital resources were adequate for the next twelve months, including debt service, acquisitions, share repurchases, and dividends, and that all debt covenants were satisfied at June 26, 2026.
Key facts
- As of June 26, 2026 Obligor Group accumulated deficit was $(3,594,560) thousand compared to $(1,709,698) thousand at September 26, 2025. source
- At June 26, 2026, the Company had $1.50 billion of available borrowing capacity under its $1.50 billion revolving credit agreement (the JSI Revolving Credit Facility). source
- The PA Shares acquisition was paid through approximately and 2,043,537 newly issued shares of Jacobs' common stock source
- Of the $247.0 million in letters of credit outstanding at June 26, 2026, $0.3 million was issued under the JSI Revolving Credit Facility and $246.7 million was issued under separate letter-of-credit facilities. source
- At June 26, 2026, the Company had $1.17 billion in cash and cash equivalents. source
- Cash and Cash Equivalents, including Restricted Cash, at the Beginning of the Period for the nine months ended June 26, 2026 was $1,236,816 thousand. source
- Cash and Cash Equivalents, including Restricted Cash, at the End of the Period for the nine months ended June 26, 2026 was $1,188,977 thousand. source
- The Company had $247.0 million in letters of credit outstanding at June 26, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -2.1% | Of the $247.0 million in letters of credit outstanding at June 26, 2026, $0.3 million was issued under the JSI Revolving Credit Facility… |
| cash | negative | realized | -0.4% | Cash and Cash Equivalents, including Restricted Cash, at the End of the Period for the nine months ended June 26, 2026 was $1,188,977… |
| assets | mixed | realized | — | The PA Shares acquisition was paid through approximately and… |
| cash | unclear | realized | — | At June 26, 2026, the Company had $1.17 billion in cash and cash equivalents. |
| assets | positive | realized | — | As of June 26, 2026 Obligor Group current assets, less receivables from Non-Guarantor Subsidiaries were $1,272,948 thousand. |