Fluor 2005 Annual Report Download - page 23

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FLUOR CORPORATION 2005 ANNUAL REPORT
SELECTED FINANCIAL DATA
Year Ended December 31,
CONSOLIDATED OPERATING RESULTS 2005 2004 2003 2002 2001
(in millions, except per share amounts)
Revenues $13,161.0 $9,380.3 $8,805.7 $9,959.0 $8,972.2
Earnings from continuing operations before taxes 299.6 281.2 268.0 260.5 185.3
Earnings from continuing operations 227.3 186.7 179.5 170.0 127.8
Loss from discontinued operations — — (11.6) (6.4) (108.4)
Cumulative effect of change in accounting principle — — (10.4) — —
Net earnings 227.3 186.7 157.5 163.6 19.4
Basic earnings (loss) per share
Continuing operations 2.68 2.29 2.25 2.14 1.64
Discontinued operations — — (0.15) (0.08) (1.39)
Cumulative effect of change in accounting principle — — (0.13) — —
Net earnings 2.68 2.29 1.97 2.06 0.25
Diluted earnings (loss) per share
Continuing operations 2.62 2.25 2.23 2.13 1.61
Discontinued operations — — (0.15) (0.08) (1.36)
Cumulative effect of change in accounting principle — — (0.13) — —
Net earnings $2.62 $2.25 $1.95 $2.05 $0.25
Return on average shareholders’ equity 15.5% 15.7% 16.2% 19.4% 2.6%
Cash dividends per common share $0.64 $0.64 $0.64 $0.64 $0.64
CONSOLIDATED FINANCIAL POSITION
Current assets
Current liabilities
$3,108.2
2,339.3
$2,723.3
1,764.0
$2,205.5
1,821.0
$1,924.1
1,756.2
$1,851.3
1,862.7
Working capital
Property, plant and equipment, net
Total assets
Capitalization
Short-term debt
768.9
581.5
4,574.4
330.0
959.3
527.8
3,969.6
129.9
384.5
569.5
3,441.3
221.5
167.9
467.0
3,142.2
—
(11.4)
508.1
3,142.5
38.4
Long-term debt
Shareholders’ equity
34.5
1,630.6
347.7
1,335.8
44.7
1,081.5
17.6
883.9
17.6
789.3
Total capitalization
Total debt as a percent of total capitalization
Shareholders’ equity per common share
Common shares outstanding at year end
2,052.7
20.6%
$18.70
87.1
1,813.4
26.3%
$15.81
84.5
1,347.7
19.7%
$13.17
82.1
901.5
2.0%
$11.02
80.2
845.3
6.6%
$9.85
80.1
OTHER DATA
New awards $12,517.4 $13,028.6 $ 9,976.0 $8,596.8 $10,766.6
Backlog at year end 14,926.6 14,765.8 10,607.1 9,709.1 11,505.5
Capital expenditures – continuing operations 213.2 104.4 79.2 63.0 148.4
Cash provided by (used in) operating activities $408.7 $(84.2) $(303.7) $195.7 $621.8
Salaried employees 17,795 17,344 17,564 19,259 21,140
Craft/hourly employees 17,041 17,455 11,447 25,550 30,173
Total employees 34,836 34,799 29,011 44,809 51,313
In September 2001, the company adopted a plan to dispose of certain non-core construction equipment and temporary staffing businesses.The assets, liabilities
and results of operations of non-core businesses for all periods presented have been reclassified and are presented as discontinued operations.
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