Fluor 2013 Annual Report Download - page 69

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6,000,000 shares to the program. The company continues to repurchase shares from time to time in
open market transactions or privately negotiated transactions, at its discretion, subject to market
conditions and other factors and at such time and in amounts that the company deems appropriate.
Item 6. Selected Financial Data
The following table presents selected financial data for the last five years. This selected financial data
should be read in conjunction with the consolidated financial statements and related notes included in
‘‘Item 15. — Exhibits and Financial Statement Schedules.’’ Amounts are expressed in millions, except for
per share and employee information:
Year Ended December 31,
2013 2012 2011 2010 2009
CONSOLIDATED OPERATING RESULTS
Total revenue $27,351.6 $27,577.1 $23,381.4 $20,849.3 $21,990.3
Earnings before taxes 1,177.6 733.5 1,001.8 559.6 1,136.8
Net earnings attributable to Fluor Corporation(1) 667.7 456.3 593.7 357.5 684.9
Earnings per share(1)
Basic $ 4.11 $ 2.73 $ 3.44 $ 2.01 $ 3.79
Diluted 4.06 2.71 3.40 1.98 3.75
Cash dividends per common share declared 0.64 0.64 0.50 0.50 0.50
Return on average shareholders’ equity 18.6% 13.0% 17.4% 10.4% 23.0%
CONSOLIDATED FINANCIAL POSITION
Current assets $ 6,003.7 $ 6,094.1 $ 5,878.7 $ 5,561.8 $ 5,122.1
Current liabilities 3,407.2 3,887.1 3,838.2 3,522.4 3,301.4
Working capital 2,596.5 2,207.0 2,040.5 2,039.4 1,820.7
Property, plant and equipment, net 967.0 951.3 921.6 866.3 837.0
Total assets 8,323.9 8,276.0 8,268.4 7,613.9 7,178.5
Capitalization
3.375% Senior Notes 496.6 496.2 495.7 — —
1.5% Convertible Senior Notes 18.4 18.5 19.5 96.7 109.8
Other debt obligations 11.4 26.3 17.8 17.8 17.7
Shareholders’ equity 3,757.0 3,341.3 3,395.5 3,497.0 3,305.5
Total capitalization 4,283.4 3,882.3 3,928.5 3,611.5 3,433.0
Total debt as a percent of total capitalization 12.3% 13.9% 13.6% 3.2% 3.7%
Shareholders’ equity per common share $ 23.29 $ 20.58 $ 20.09 $ 19.82 $ 18.48
Common shares outstanding at year end 161.3 162.4 169.0 176.4 178.8
OTHER DATA
New awards(2) $25,085.6 $27,129.2 $26,896.1 $27,362.9 $18,455.4
Backlog at year end(2) 34,907.1 38,199.4 39,483.7 34,908.7 26,778.7
Capital expenditures 288.5 254.7 338.2 265.4 233.1
Cash provided by operating activities 788.9 628.4 889.7 550.9 905.0
Cash provided (utilized) by investing activities (234.6) (38.4) (436.4) 218.4 (818.1)
Cash utilized by financing activities (369.6) (616.6) (395.8) (389.9) (323.0)
Employees at year end
Salaried employees 29,425 32,592 33,252 29,159 24,943
Craft/hourly employees 8,704 8,601 9,835 10,070 11,209
Total employees 38,129 41,193 43,087 39,229 36,152
(1) Net earnings attributable to Fluor Corporation in 2013 included pre-tax income of $57 million (or $0.22 per diluted
share) resulting from the favorable resolution of various issues with the U.S. government related to 2001-2013. Of this
amount, $31 million was the result of resolving challenges as to the reimbursability of certain costs, $11 million was the
result of a favorable court ruling that resolved certain disputed items and $15 million was related to the closeout and
final disposition of other matters.
Net earnings attributable to Fluor Corporation in 2012 included pre-tax charges of $416 million (or $1.57 per diluted
share) for the Greater Gabbard Offshore Wind Farm (‘‘Greater Gabbard’’) Project, a pre-tax gain of $43 million (or
$0.16 per diluted share) on the sale of the company’s unconsolidated interest in a telecommunications company located
29