Fluor 2011 Annual Report Download - page 104

Download and view the complete annual report

Please find page 104 of the 2011 Fluor annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 149

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149

FLUOR CORPORATION
CONSOLIDATED STATEMENT OF EARNINGS
Year Ended December 31,
(in thousands, except per share amounts) 2011 2010 2009
TOTAL REVENUE $23,381,399 $20,849,349 $21,990,297
TOTAL COST OF REVENUE 22,232,483 20,144,099 20,689,161
OTHER (INCOME) AND EXPENSES
Corporate general and administrative expense 163,460 156,268 178,520
Interest expense 15,601 10,616 10,054
Interest income (31,961) (21,230) (24,226)
Total cost and expenses 22,379,583 20,289,753 20,853,509
EARNINGS BEFORE TAXES 1,001,816 559,596 1,136,788
INCOME TAX EXPENSE 303,729 118,514 403,913
NET EARNINGS 698,087 441,082 732,875
NET EARNINGS ATTRIBUTABLE TO
NONCONTROLLING INTERESTS (104,359) (83,586) (47,986)
NET EARNINGS ATTRIBUTABLE TO FLUOR
CORPORATION $ 593,728 $ 357,496 $ 684,889
BASIC EARNINGS PER SHARE $ 3.44 $ 2.01 $ 3.79
DILUTED EARNINGS PER SHARE $ 3.40 $ 1.98 $ 3.75
SHARES USED TO CALCULATE EARNINGS PER SHARE
Basic 172,501 178,047 179,100
Diluted 174,564 180,988 180,862
See Notes to Consolidated Financial Statements.
F-3