Fluor 2011 Annual Report Download - page 107

Download and view the complete annual report

Please find page 107 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 EQUITY
Accumulated
Additional Other Total
Common Stock Paid-In Comprehensive Retained Shareholders’ Noncontrolling Total
(in thousands, except per share amounts) Shares Amount Capital Income (Loss) Earnings Equity Interests Equity
BALANCE AS OF DECEMBER 31, 2008 181,556 $1,816 $ 778,537 $(356,969) $2,247,938 $2,671,322 $ 51,862 $2,723,184
Comprehensive income
Net earnings — 684,889 684,889 47,986 732,875
Foreign currency translation adjustment of total shareholders’
equity (net of deferred taxes of $49,656) 82,722 — 82,722 — 82,722
Foreign currency translation adjustment of noncontrolling
interests — — — 4,239 4,239
Pension plan adjustment (net of deferred taxes of $29,425) 49,043 — 49,043 — 49,043
Unrealized gain on available-for-sale securities (net of
deferred taxes of $871) 1,120 — 1,120 — 1,120
Unrealized gain on derivative contracts (net of deferred taxes
of $1,856) 3,097 — 3,097 — 3,097
Total comprehensive income 135,982 684,889 820,871 52,225 873,096
Dividends ($0.50 per share) — (90,399) (90,399) — (90,399)
Distributions to noncontrolling interests — — — (75,727) (75,727)
Stock-based plan activity 76 — 31,886 — — 31,886 — 31,886
Repurchase of common stock (3,060) (29) (125,390) — — (125,419) — (125,419)
Debt conversions 253 1 (2,729) — — (2,728) — (2,728)
BALANCE AS OF DECEMBER 31, 2009 178,825 $1,788 $ 682,304 $(220,987) $2,842,428 $3,305,533 $ 28,360 $3,333,893
Comprehensive income
Net earnings — 357,496 357,496 83,586 441,082
Foreign currency translation adjustment of total shareholders’
equity (net of deferred taxes of $20,326) 33,914 — 33,914 — 33,914
Foreign currency translation adjustment of noncontrolling
interests — — — 2,336 2,336
Pension plan adjustment (net of deferred taxes of $16,965) 28,274 — 28,274 — 28,274
Ownership share of equity method investee’s other
comprehensive loss (net of deferred taxes of $12,667) (19,791) — (19,791) — (19,791)
Unrealized loss on available-for-sale securities (net of deferred
taxes of $82) (137) — (137) — (137)
Unrealized gain on derivative contracts (net of deferred taxes
of $820) 2,416 — 2,416 — 2,416
Total comprehensive income 44,676 357,496 402,172 85,922 488,094
Dividends ($0.50 per share) — (89,967) (89,967) — (89,967)
Distributions to noncontrolling interests — — — (83,656) (83,656)
Partner contributions in noncontrolling interests — — — 1,000 1,000
Stock-based plan activity 495 6 54,851 — — 54,857 — 54,857
Repurchase of common stock (3,080) (31) (175,027) — — (175,058) — (175,058)
Debt conversions 185 1 (539) — — (538) — (538)
BALANCE AS OF DECEMBER 31, 2010 176,425 $1,764 $ 561,589 $(176,311) $3,109,957 $3,496,999 $ 31,626 $3,528,625
Comprehensive income
Net earnings — 593,728 593,728 104,359 698,087
Foreign currency translation adjustment of total shareholders’
equity (net of deferred taxes of $26,599) (44,331) — (44,331) — (44,331)
Foreign currency translation adjustment of noncontrolling
interests — — — 4,213 4,213
Pension plan adjustment (net of deferred taxes of $35,071) 58,451 — 58,451 — 58,451
Ownership share of equity method investee’s other
comprehensive loss (net of deferred taxes of $9,701) (23,791) — (23,791) — (23,791)
Unrealized loss on available-for-sale securities (net of deferred
taxes of $266) (445) — (445) — (445)
Unrealized loss on derivative contracts (net of deferred taxes
of $7,078) (12,865) — (12,865) 523 (12,342)
Total comprehensive income (22,981) 593,728 570,747 109,095 679,842
Dividends ($0.50 per share) — (86,669) (86,669) — (86,669)
Distributions to noncontrolling interests — — — (103,659) (103,659)
Partner contributions in noncontrolling interests — — — 22,789 22,789
Acquisition and other noncontrolling interest transactions (534) — — (534) 4,530 3,996
Stock-based plan activity 926 11 56,196 — — 56,207 — 56,207
Repurchase of common stock (10,050) (101) (612,992) — (26,463) (639,556) — (639,556)
Debt conversions 1,678 16 (1,685) — — (1,669) — (1,669)
BALANCE AS OF DECEMBER 31, 2011 168,979 $1,690 $ 2,574 $(199,292) $3,590,553 $3,395,525 $ 64,381 $3,459,906
See Notes to Consolidated Financial Statements.
F-6