Fluor 2014 Annual Report Download - page 62

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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,
2014 2013 2012 2011 2010
CONSOLIDATED OPERATING RESULTS
Total revenue $21,531.6 $27,351.6 $27,577.1 $23,381.4 $20,849.3
Earnings from continuing operations before taxes 1,204.9 1,177.6 733.5 1,001.8 559.6
Amounts attributable to Fluor Corporation:
Earnings from continuing operations(1) $ 715.5 $ 667.7 $ 456.3 $ 593.7 $ 357.5
Loss from discontinued operations, net of taxes (204.6) ————
Net earnings(1) $ 510.9 $ 667.7 $ 456.3 $ 593.7 $ 357.5
Basic earnings (loss) per share attributable to Fluor
Corporation:
Earnings from continuing operations(1) $ 4.54 $ 4.11 $ 2.73 $ 3.44 $ 2.01
Loss from discontinued operations, net of taxes (1.30) ————
Net earnings(1) $ 3.24 $ 4.11 $ 2.73 $ 3.44 $ 2.01
Diluted earnings (loss) per share attributable to Fluor
Corporation:
Earnings from continuing operations(1) $ 4.48 $ 4.06 $ 2.71 $ 3.40 $ 1.98
Loss from discontinued operations, net of taxes (1.28) ————
Net earnings(1) $ 3.20 $ 4.06 $ 2.71 $ 3.40 $ 1.98
Cash dividends per common share declared $ 0.84 $ 0.64 $ 0.64 $ 0.50 $ 0.50
Return on average shareholders’ equity(2) 20.1% 18.6% 13.0% 17.4% 10.4%
CONSOLIDATED FINANCIAL POSITION
Current assets $ 5,758.0 $ 6,003.7 $ 6,094.1 $ 5,878.7 $ 5,561.8
Current liabilities 3,330.9 3,407.2 3,887.1 3,838.2 3,522.4
Working capital 2,427.1 2,596.5 2,207.0 2,040.5 2,039.4
Property, plant and equipment, net 980.3 967.0 951.3 921.6 866.3
Total assets 8,194.4 8,323.9 8,276.0 8,268.4 7,613.9
Capitalization
3.375% Senior Notes 497.0 496.6 496.2 495.7 —
3.5% Senior Notes 494.6 ————
1.5% Convertible Senior Notes 18.3 18.4 18.5 19.5 96.7
Other debt obligations 10.4 11.4 26.3 17.8 17.8
Shareholders’ equity 3,110.9 3,757.0 3,341.3 3,395.5 3,497.0
Total capitalization 4,131.2 4,283.4 3,882.3 3,928.5 3,611.5
Total debt as a percent of total capitalization 24.7% 12.3% 13.9% 13.6% 3.2%
Shareholders’ equity per common share $ 20.93 $ 23.29 $ 20.58 $ 20.09 $ 19.82
Common shares outstanding at year end 148.6 161.3 162.4 169.0 176.4
OTHER DATA
New awards $28,831.1 $25,085.6 $27,129.2 $26,896.1 $27,362.9
Backlog at year end(3) 42,481.5 34,907.1 38,199.4 39,483.7 34,908.7
Capital expenditures 324.7 288.5 254.7 338.2 265.4
Cash provided by operating activities 642.6 788.9 603.8 889.7 550.9
Cash provided (utilized) by investing activities (199.1) (234.6) (13.7) (436.4) 218.4
Cash utilized by financing activities (666.4) (369.6) (616.6) (395.8) (389.9)
Employees at year end
Salaried employees 27,643 29,425 32,592 33,252 29,159
Craft/hourly employees 9,865 8,704 8,601 9,835 10,070
Total employees 37,508 38,129 41,193 43,087 39,229
(1) Net earnings attributable to Fluor Corporation in 2014 included an after-tax loss from discontinued operations of
$205 million (or $1.28 per diluted share) in connection with the reassessment of estimated loss contingencies related to the
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