Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Restated) Year Ending Dec 2018 (Restated) Year Ending Dec 2017 (Restated) Year Ending Dec 2016 (Update)
Net Sales 15,668.48 17,317.28 18,851.01 14,806.51 19,036.53
Revenue 15,668.48 17,317.28 18,851.01 14,806.51 19,036.53
Total Revenue 15,668.48 17,317.28 18,851.01 14,806.51 19,036.53
Cost of Revenue 15,283.23 17,533.86 18,281.63 14,528.78 18,246.21
Cost of Revenue, Total 15,283.23 17,533.86 18,281.63 14,528.78 18,246.21
Gross Profit 385.25 -216.58 569.38 277.73 790.32
Selling/General/Administrative Expense 240.69 165.92 121.16 183.70 188.19
Selling/General/Administrative Expenses, Total 240.69 165.92 121.16 183.70 188.19
Interest Expense - Operating 72.12 74.10 77.14 67.46 69.69
Interest Expense, Net - Operating 72.12 74.10 77.14 67.46 69.69
Interest Income - Operating -25.69 -55.61 -36.58 -27.42 -17.05
Investment Income - Operating -- -- -- -- 2.89
Interest/Investment Income - Operating -25.69 -55.61 -36.58 -27.42 -14.16
Interest Expense (Income), Net-Operating, Total 46.43 18.50 40.57 40.04 55.53
Restructuring Charge 8.00 240.00 -- -- --
Impairment-Assets Held for Use 297.59 35.83 0.00 -- --
Impairment-Assets Held for Sale -- 256.77 -- -- --
Loss (Gain) on Sale of Assets - Operating -- -- -- -- 0.00
Other Unusual Expense (Income) -0.41 137.90 21.90 0.18 0.00
Unusual Expense (Income) 305.18 670.50 21.90 0.18 0.00
Total Operating Expense 15,875.53 18,388.78 18,465.26 14,752.70 18,489.93
Operating Income -207.05 -1,071.50 385.75 53.81 546.60
Net Income Before Taxes -207.05 -1,071.50 385.75 53.81 546.60
Income Tax – Total 18.59 485.23 174.70 -36.62 219.15
Income After Tax -225.64 -1,556.73 211.05 90.43 327.45
Minority Interest -68.26 30.96 -59.39 -64.53 -46.05
Net Income Before Extraordinary Items -293.90 -1,525.77 151.66 25.90 281.40
Discontinued Operations -141.15 3.60 20.44 180.75 0.00
Extraordinary Item 0.00 0.00 1.37 -52.98 --
Total Extraordinary Items -141.15 3.60 21.81 127.77 0.00
Net Income -435.05 -1,522.16 173.47 153.67 281.40
Income Available to Common Excluding Extraordinary Items -293.90 -1,525.77 151.66 25.90 281.40
Income Available to Common Stocks Including Extraordinary Items -435.05 -1,522.16 173.47 153.67 281.40
Basic Weighted Average Shares 140.51 140.06 140.41 139.76 139.17
Basic EPS Excluding Extraordinary Items -2.09 -10.89 1.08 0.19 2.02
Basic EPS Including Extraordinary Items -3.10 -10.87 1.24 1.10 2.02
Dilution Adjustment -- -- -- -- --
Diluted Net Income -435.05 -1,522.16 173.47 153.67 281.40
Diluted Weighted Average Shares 140.51 140.06 141.27 139.76 140.91
Diluted EPS Excluding Extraordinary Items -2.09 -10.89 1.07 0.19 2.00
Diluted EPS Including Extraordinary Items -3.10 -10.87 1.23 1.10 2.00
DPS - Common Stock Primary Issue -- 0.73 0.84 0.84 0.84
Gross Dividends - Common Stock 14.12 103.25 118.27 118.60 118.27
Total Special Items 305.18 670.50 21.90 0.18 0.00
Normalized Income Before Taxes 98.13 -401.00 407.65 53.99 546.60
Effect of Special Items on Income Taxes 106.81 234.67 9.92 0.06 0.00
Income Taxes Excluding Impact of Special Items 125.41 719.90 184.62 -36.56 219.15
Normalized Income After Taxes -27.27 -1,120.90 223.03 90.55 327.45
Normalized Income Available to Common -95.53 -1,089.94 163.64 26.02 281.40
Basic Normalized EPS -0.68 -7.78 1.17 0.19 2.02
Diluted Normalized EPS -0.68 -7.78 1.16 0.19 2.00
Amortization of Intangibles, Supplemental 3.12 15.88 19.07 19.16 14.82
Depreciation, Supplemental 102.45 154.60 197.59 206.11 211.10
Interest Expense, Supplemental 72.12 74.10 77.14 67.46 69.69
Rental Expense, Supplemental 83.94 90.59 -- -- 152.00
Stock-Based Compensation, Supplemental 20.57 33.91 38.42 52.62 29.32
Minority Interest, Supplemental -68.26 30.96 -59.39 -64.53 -46.05
Audit-Related Fees, Supplemental 9.50 -- -- -- 8.30
Audit-Related Fees 0.40 -- -- -- 0.70
Tax Fees, Supplemental 0.30 -- -- -- 0.50
All Other Fees Paid to Auditor, Supplemental -- -- -- -- 0.00
Gross Margin 2.46 -1.25 3.02 1.88 4.15
Operating Margin -1.32 -6.19 2.05 0.36 2.87
Pretax Margin -1.32 -6.19 2.05 0.36 2.87
Effective Tax Rate -- -- 45.29 -68.06 40.09
Net Profit Margin -1.88 -8.81 0.80 0.17 1.48
Normalized EBIT 144.56 -382.50 448.22 94.03 602.13
Normalized EBITDA 250.13 -212.02 664.87 319.30 828.04
Current Tax - Domestic -121.41 -36.59 -19.20 -180.71 120.80
Current Tax - Foreign 140.55 163.14 115.28 143.50 95.20
Current Tax - Local 5.34 4.30 12.38 -5.74 11.07
Current Tax - Total 24.48 130.85 108.46 -42.95 227.06
Deferred Tax - Domestic 17.45 325.35 18.17 -76.00 58.60
Deferred Tax - Foreign -23.34 9.59 55.21 75.98 -65.66
Deferred Tax - Local 0.00 19.44 -7.14 6.34 -0.86
Deferred Tax - Total -5.89 354.39 66.25 6.32 -7.91
Income Tax - Total 18.59 485.23 174.70 -36.62 219.15
Interest Cost - Domestic -- -- -- -- 0.00
Service Cost - Domestic -- -- -- -- 0.00
Prior Service Cost - Domestic -- -- -- -- 0.00
Expected Return on Assets - Domestic -- -- -- -- 0.00
Actuarial Gains and Losses - Domestic -- -- -- -- 0.00
Curtailments & Settlements - Domestic -- -- -- -- --
Domestic Pension Plan Expense -- -- -- -- 0.00
Interest Cost - Foreign 9.90 -- -- -- 26.44
Service Cost - Foreign 18.13 -- -- -- 19.51
Prior Service Cost - Foreign -0.90 -- -- -- -0.81
Expected Return on Assets - Foreign -26.30 -- -- -- -39.54
Actuarial Gains and Losses - Foreign 5.81 -- -- -- 8.82
Curtailments & Settlements - Foreign -0.41 -- -- -- 0.40
Foreign Pension Plan Expense 6.22 -- -- -- 14.81
Interest Cost - Post-Retirement -- -- -- -- --
Service Cost - Post-Retirement -- -- -- -- --
Prior Service Cost - Post-Retirement -- -- -- -- --
Expected Return on Assets - Post-Retirement -- -- -- -- --
Actuarial Gains and Losses - Post-Retirement -- -- -- -- --
Other Post-Retirement, Net -- -- -- -- --
Post-Retirement Plan Expense -- -- -- -- --
Defined Contribution Expense - Domestic -- -- -- -- --
Total Pension Expense 6.22 -- -- -- 14.81
Discount Rate - Domestic 1.20 -- -- -- 1.90
Discount Rate - Foreign -- -- -- -- --
Expected Rate of Return - Domestic 1.20 -- -- -- 4.30
Expected Rate of Return - Foreign 6.00 -- -- -- 7.00
Compensation Rate - Domestic 2.25 -- -- -- 2.25
Compensation Rate - Foreign 5.60 -- -- -- 7.00
Total Plan Interest Cost 9.90 -- -- -- 26.44
Total Plan Service Cost 18.13 -- -- -- 19.51
Total Plan Expected Return -26.30 -- -- -- -39.54
Total Plan Other Expense -- -- -- -- --

For a more complete picture of our financial results, please review our SEC Filings

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