Fluor 2013 Annual Report Download - page 102

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FLUOR CORPORATION
CONSOLIDATED STATEMENT OF EARNINGS
Year Ended December 31,
(in thousands, except per share amounts) 2013 2012 2011
TOTAL REVENUE $27,351,573 $27,577,135 $23,381,399
TOTAL COST OF REVENUE 25,986,382 26,692,138 22,232,483
OTHER (INCOME) AND EXPENSES
Corporate general and administrative expense 175,148 151,010 163,460
Interest expense 26,887 28,238 15,601
Interest income (14,443) (27,756) (31,961)
Total cost and expenses 26,173,974 26,843,630 22,379,583
EARNINGS BEFORE TAXES 1,177,599 733,505 1,001,816
INCOME TAX EXPENSE 354,573 162,438 303,729
NET EARNINGS 823,026 571,067 698,087
LESS: NET EARNINGS ATTRIBUTABLE TO
NONCONTROLLING INTERESTS 155,315 114,737 104,359
NET EARNINGS ATTRIBUTABLE TO FLUOR
CORPORATION $ 667,711 $ 456,330 $ 593,728
BASIC EARNINGS PER SHARE $ 4.11 $ 2.73 $ 3.44
DILUTED EARNINGS PER SHARE $ 4.06 $ 2.71 $ 3.40
SHARES USED TO CALCULATE EARNINGS PER
SHARE
Basic 162,566 167,121 172,501
Diluted 164,354 168,491 174,564
DIVIDENDS DECLARED PER SHARE $ 0.64 $ 0.64 $ 0.50
See Notes to Consolidated Financial Statements.
F-3