Fluor 2001 Annual Report Download - page 36

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FL UOR CORPORA TION 200 1 ANNUAL REPORT
CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY
Unamortized Accumulated
Common Stock Additional
Executive
Stock Plan
Other
Comprehensive Retained
(in thousands, except per share amounts) Shares Amount Capital Expense Income (Loss) Earnings Total
BALANCE AT OCTOBER 31, 1998 75,573 $ 47,233 $ 199,077 $(22,633) $(29,911) $1,331,843 $1,525,609
Comprehensive income
Net earnings — — — — — 104,187 104,187
Foreign currency translation adjustment
(net of deferred taxes of $4,910) — — — — (7,841) — (7,841)
Comprehensive income 96,346
Cash dividends ($0.80 per share) — — — — — (60,692) (60,692)
Exercise of stock options, net 304 190 10,570 — — — 10,760
Stock option tax benefit — — 1,989 — — — 1,989
Amortization of executive stock plan expense — — — 7,517 — — 7,517
Issuance of restricted stock, net 157 98 6,208 (6,463) — — (157)
BALANCE AT OCTOBER 31, 1999 76,034 47,521 217,844 (21,579) (37,752) 1,375,338 1,581,372
Comprehensive income
Net earnings — — — — — 123,949 123,949
Foreign currency translation adjustment
(net of deferred taxes of $5,931) — — — — (8,648) — (8,648)
Comprehensive income 115,301
Cash dividends ($1.00 per share) — — — — — (75,983) (75,983)
Exercise of stock options, net 148 92 5,737 — — — 5,829
Stock option tax benefit — — 334 — — — 334
Amortization of executive stock plan expense — — — 5,597 — — 5,597
Purchases of common stock (747) (467) (22,536) — — — (23,003)
Issuance of restricted stock, net 308 193 10,728 (11,111) — — (190)
BALANCE AT OCTOBER 31, 2000 75,743 47,339 212,107 (27,093) (46,400) 1,423,304 1,609,257
Comprehensive income
Net loss — — — — — (4,023) (4,023)
Foreign currency translation adjustment
(net of deferred taxes of $2,948) — — — — 3,681 — 3,681
Comprehensive income (342)
Exercise of stock options, net 1 — 39 — — — 39
Amortization of executive stock plan expense — — — 1,236 — — 1,236
Purchases of common stock (1,850) (18) (101,215) — — — (101,233)
Spin-off adjustment 388 — — 3,927 — (879,689) (875,762)
Par value adjustment to $0.01 — (46,578) 46,578 — — — —
Issuance of restricted stock, net 327 3 10,360 (10,481) — — (118)
BALANCE AT DECEMBER 31, 2000 74,609 746 167,869 (32,411) (42,719) 539,592 633,077
Comprehensive income
Net earnings — — — — — 19,410 19,410
Foreign currency translation adjustment
(net of deferred taxes of $5,126) — — — — (7,086) — (7,086)
Comprehensive income 12,324
Cash dividends ($0.64 per share) — — — — — (50,913) (50,913)
Exercise of stock options, net 5,565 55 144,522 — — — 144,577
Stock option tax benefit — — 35,170 — — — 35,170
Issuance of warrant — — 6,380 — — — 6,380
Amortization of executive stock plan expense — — — 9,308 — — 9,308
Purchases of common stock (39) — (1,404) — — — (1,404)
Repurchase of restricted stock, net (28) — 423 324 — — 747
BALANCE AT DECEMBER 31, 2001 80,107 $ 801 $ 352,960 $(22,779) $(49,805) $ 508,089 $ 789,266
See Notes to Consolidated Financial Statements.
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