Fluor 2001 Annual Report Download - page 52

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FLUOR CORPORATION 2001 ANNUAL REPORT
QUARTERLY FINANCIAL DATA
The following is a summary of the quarterly results of operations:
First Quarter Second Quarter(2) Third Quarter Fourth Quarter
(In thousands, except per share amounts)(1)
Year ended December 31, 2001
Revenues $1,911,224 $2,227,360 $2,198,626 $2,634,951
Cost of revenues 1,818,686 2,137,165 2,113,777 2,549,344
Earnings from continuing operations before taxes 22,336 51,126 66,016 45,842
Earnings from continuing operations 16,484 35,119 44,761 31,402
Net earnings (loss) 11,192 34,239 (54,514) 28,493
Basic earnings (loss) per share
Continuing operations 0.22 0.45 0.57 0.40
Discontinued operations (0.07) (0.01) (1.26) (0.04)
Net earnings (loss) 0.15 0.44 (0.69) 0.36
Diluted earnings (loss) per share
Continuing operations 0.21 0.44 0.56 0.39
Discontinued operations (0.07) (0.01) (1.24) (0.03)
Net earnings (loss) $ 0.14 $ 0.43 $ (0.68) $ 0.36
Year ended October 31, 2000
Revenues $2,606,170 $2,092,941 $2,546,746 $2,177,022
Cost of revenues 2,529,926 2,017,098 2,508,486 2,107,431
Special provision — (17,919) — —
Earnings from continuing operations before taxes 52,020 63,849 8,077 40,341
Earnings from continuing operations 36,761 43,984 7,151 28,377
Net earnings (loss) 52,252 51,042 33,338 (12,683)
Basic earnings (loss) per share
Continuing operations 0.49 0.58 0.09 0.38
Discontinued operations 0.20 0.10 0.35 (0.55)
Net earnings (loss) 0.69 0.68 0.44 (0.17)
Diluted earnings (loss) per share
Continuing operations 0.48 0.57 0.09 0.37
Discontinued operations 0.21 0.09 0.35 (0.54)
Net earnings (loss) $ 0.69 $ 0.66 $ 0.44 $ (0.17)
(1)All periods have been restated to present certain non-core businesses discussed in the Notes to Consolidated Financial Statements as discontinued operations.
(2)In April 2000, the company reversed into earnings $17.9 million, a reserve no longer required, due to changes in its 1999 reorganization plan.
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