Fluor 2014 Annual Report Download - page 140

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FLUOR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
17. Quarterly Financial Data (Unaudited)
The following is a summary of the quarterly results of operations:
(in millions, except per share amounts) First Quarter Second Quarter Third Quarter Fourth Quarter
Year ended December 31, 2014
Revenue $5,384.6 $5,251.7 $5,440.1 $5,455.2
Cost of revenue 5,072.3 4,906.4 5,060.0 5,093.8
Earnings from continuing operations before
taxes 271.5 285.3 343.4 304.7
Earnings from continuing operations 193.3 195.2 228.7 234.9
Loss from discontinued operations, net of
taxes — (85.2) (113.8) (5.6)
Net earnings 193.3 110.0 114.9 229.3
Net earnings attributable to Fluor
Corporation 149.1 77.8 69.5 214.5
Basic earnings (loss) per share attributable to
Fluor Corporation:
Earnings from continuing operations $ 0.93 $ 1.03 $ 1.17 $ 1.43
Loss from discontinued operations, net of
taxes — (0.54) (0.73) (0.04)
Net earnings 0.93 0.49 0.44 1.39
Diluted earnings (loss) per share attributable
to Fluor Corporation:
Earnings from continuing operations 0.92 1.02 1.15 1.41
Loss from discontinued operations, net of
taxes — (0.54) (0.71) (0.04)
Net earnings 0.92 0.48 0.44 1.37
Year ended December 31, 2013
Revenue $7,185.6 $7,190.3 $6,684.2 $6,291.5
Cost of revenue 6,843.8 6,857.5 6,329.7 5,955.4
Earnings from continuing operations before
taxes 306.3 298.7 304.7 267.9
Earnings from continuing operations 213.3 207.3 217.4 185.0
Loss from discontinued operations, net of
taxes — — — —
Net earnings 213.3 207.3 217.4 185.0
Net earnings attributable to Fluor
Corporation 166.5 161.4 173.0 166.8
Basic earnings (loss) per share attributable to
Fluor Corporation:
Earnings from continuing operations $ 1.02 $ 0.99 $ 1.06 $ 1.03
Loss from discontinued operations, net of
taxes — — — —
Net earnings 1.02 0.99 1.06 1.03
Diluted earnings (loss) per share attributable
to Fluor Corporation:
Earnings from continuing operations 1.02 0.98 1.05 1.01
Loss from discontinued operations, net of
taxes — — — —
Net earnings 1.02 0.98 1.05 1.01
Net earnings in the second, third and fourth quarters of 2014 included losses from discontinued
operations in connection with the reassessment of estimated loss contingencies related to the previously
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