Cash flow Fluor Corporation

Equities

FLR

US3434121022

Construction & Engineering

Real-time Estimate Cboe BZX Other stock markets 17:33:12 03/12/2024 GMT			5-day change	1st Jan Change
53.96 ^USD	-2.09%		-3.70%	+37.50%

12-02	Fluor CFO Joe Brennan to Retire; John Regan Named Successor	MT
12-02	Fluor Corporation Announces Chief Financial Officer Changes	CI

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Published financial data: FLUOR CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	14.35B	15.67B	12.43B	13.74B	15.47B
Total Revenues	14.35B	15.67B	12.43B	13.74B	15.47B
Cost of Goods Sold, Total	14.78B	15.28B	12.02B	13.39B	15B
Gross Profit	-427M	385M	412M	355M	477M
Selling General & Admin Expenses, Total	297M	240M	194M	197M	217M
Other Operating Expenses, Total	297M	240M	194M	197M	217M
Operating Income	-724M	145M	217M	158M	260M
Interest Expense, Total	-74.1M	-72.12M	-84.48M	-59M	-60M
Interest And Investment Income	54.37M	25.69M	16.51M	94M	228M
Net Interest Expenses	-19.73M	-46.43M	-67.98M	35M	168M
Currency Exchange Gains (Loss)	-	-	-12.95M	25M	-98M
Other Non Operating Income (Expenses)	-	-	-27M	-38M	-1M
EBT, Excl. Unusual Items	-744M	98.54M	109M	180M	329M
Restructuring Charges	-240M	-7.99M	-	-7M	-6M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-2.1M	-169M	-	-40M	-
Gain (Loss) On Sale Of Investments	-257M	-86.1M	-27.93M	-	-
Gain (Loss) On Sale Of Assets	-	-	13M	11M	-
Asset Writedown	-33.7M	-42.94M	-15.86M	64M	-
Legal Settlements	-	-	-	-5M	-3M
Other Unusual Items	-	-	-206M	41M	-5M
EBT, Incl. Unusual Items	-1.28B	-207M	-128M	244M	315M
Income Tax Expense	441M	18.59M	16.49M	171M	236M
Earnings From Continuing Operations	-1.72B	-226M	-144M	73M	79M
Earnings Of Discontinued Operations	154M	-141M	-258M	-	-
Net Income to Company	-1.56B	-367M	-403M	73M	79M
Minority Interest	41.45M	-68.26M	-37.54M	72M	60M
Net Income - (IS)	-1.52B	-435M	-440M	145M	139M
Preferred Dividend and Other Adjustments	-	-	24.38M	39M	56M
Net Income to Common Incl Extra Items	-1.52B	-435M	-465M	106M	83M
Net Income to Common Excl. Extra Items	-1.68B	-294M	-206M	106M	83M
Per Share Items
Net EPS - Basic	-10.87	-3.1	-3.29	0.75	0.55
Basic EPS - Continuing Operations	-11.97	-2.09	-1.46	0.75	0.55
Basic Weighted Average Shares Outstanding	140M	141M	141M	142M	150M
Net EPS - Diluted	-10.87	-3.1	-3.29	0.73	0.54
Diluted EPS - Continuing Operations	-11.97	-2.09	-1.46	0.73	0.54
Diluted Weighted Average Shares Outstanding	140M	141M	141M	145M	153M
Normalized Basic EPS	-3.02	-0.05	0.22	1.3	1.77
Normalized Diluted EPS	-3.02	-0.05	0.22	1.27	1.74
Dividend Per Share	0.73	0.1	-	-	-
Payout Ratio	-7.76	-6.6	-4.36	26.9	20.86
Supplemental Items
EBITDA	-554M	251M	292M	231M	334M
EBITA	-708M	148M	218M	158M	260M
EBIT	-724M	145M	217M	158M	260M
EBITDAR	-345M	427M	417M	443M	536M
Effective Tax Rate - (Ratio)	-34.54	-8.98	-12.91	70.08	74.92
Current Domestic Taxes	-32.3M	-116M	-3.79M	6M	9M
Current Foreign Taxes	161M	141M	40.82M	148M	240M
Total Current Taxes	129M	24.48M	37.03M	154M	249M
Deferred Domestic Taxes	303M	17.45M	-	-	-
Deferred Foreign Taxes	9.59M	-23.34M	-20.54M	17M	-13M
Total Deferred Taxes	312M	-5.89M	-20.54M	17M	-13M
Normalized Net Income	-424M	-6.67M	30.72M	184M	266M
Interest on Long-Term Debt	65K	23K	13K	-	-
Non-Cash Pension Expense	134M	-11.91M	182M	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	159M	241M	30.45M	36M	38M
Net Rental Expense, Total	208M	177M	126M	212M	202M
Imputed Operating Lease Interest Expense	67.7M	51.61M	53.78M	73.87M	74.58M
Imputed Operating Lease Depreciation	141M	125M	71.9M	138M	127M
Stock-Based Comp., G&A Exp. (Total)	34M	50M	-	-	-
Stock-Based Comp., Other (Total)	-	-	31.97M	19M	48M
Total Stock-Based Compensation	34M	50M	31.97M	19M	48M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2B	2.2B	2.21B	2.44B	2.52B
Short Term Investments	7.26M	23.34M	127M	185M	69M
Total Cash And Short Term Investments	2B	2.22B	2.34B	2.62B	2.59B
Accounts Receivable, Total	1.96B	2.15B	1.83B	2.02B	2.13B
Total Receivables	1.96B	2.15B	1.83B	2.02B	2.13B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	1.55B	662M	1.39B	396M	347M
Total Current Assets	5.52B	5.03B	5.56B	5.04B	5.06B
Gross Property Plant And Equipment	1.63B	1.81B	1.4B	1.64B	1.45B
Accumulated Depreciation	-843M	-1.04B	-904M	-1.04B	-866M
Net Property Plant And Equipment	791M	777M	492M	595M	584M
Long-term Investments	574M	532M	514M	584M	614M
Goodwill	450M	349M	207M	206M	206M
Other Intangibles, Total	31M	-	-	-	-
Deferred Tax Assets Long-Term	62.69M	77.92M	51.08M	34M	51M
Other Long-Term Assets, Total	541M	540M	453M	364M	455M
Total Assets	7.97B	7.31B	7.28B	6.83B	6.97B
Liabilities
Accounts Payable, Total	1.36B	1.23B	1.1B	1.02B	1.21B
Accrued Expenses, Total	930M	1.07B	941M	925M	962M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	38.73M	25.42M	911K	152M	-
Current Portion of Leases	62.24M	62.29M	35.83M	68M	41M
Unearned Revenue Current, Total	1.12B	1.14B	891M	742M	639M
Other Current Liabilities	423M	45.31M	937M	312M	307M
Total Current Liabilities	3.93B	3.57B	3.9B	3.22B	3.16B
Long-Term Debt	1.65B	1.71B	1.17B	978M	1.16B
Long-Term Leases	210M	177M	87.6M	103M	100M
Pension & Other Post Retirement Benefits	37.43M	39.77M	47.63M	-	-
Deferred Tax Liability Non Current	83.3M	80.74M	67.31M	73M	70M
Other Non Current Liabilities	468M	467M	439M	461M	430M
Total Liabilities	6.38B	6.05B	5.71B	4.83B	4.92B
Preferred Stock Convertible	-	-	6K	-	-
Total Preferred Equity	-	-	6K	-	-
Common Stock, Total	1.4M	1.4M	1.41M	1M	2M
Additional Paid In Capital	165M	196M	966M	1.25B	1.23B
Retained Earnings	1.7B	1.25B	790M	896M	979M
Comprehensive Income and Other	-380M	-417M	-366M	-365M	-269M
Total Common Equity	1.49B	1.03B	1.39B	1.79B	1.94B
Minority Interest	96.34M	233M	174M	210M	112M
Total Equity	1.58B	1.26B	1.57B	2B	2.05B
Total Liabilities And Equity	7.97B	7.31B	7.28B	6.83B	6.97B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	141M	141M	141M	142M	170M
ECS Total Common Shares Outstanding	140M	141M	141M	142M	170M
Book Value / Share	10.61	7.32	9.85	12.55	11.38
Tangible Book Value	1.01B	681M	1.19B	1.58B	1.73B
Tangible Book Value Per Share	7.18	4.84	8.39	11.1	10.18
Total Debt	1.96B	1.97B	1.29B	1.3B	1.3B
Net Debt	-41.8M	-248M	-1.04B	-1.32B	-1.29B
Debt Equivalent of Unfunded Proj. Benefit Obligation	38.12M	40.42M	69.88M	-	256M
Debt Equivalent Oper. Leases	1.67B	1.41B	1.01B	1.7B	1.62B
Minority Interest, Total (Incl. Fin. Div)	96.34M	233M	174M	210M	112M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	-	-
Land - (BS)	47.39M	52.42M	41.42M	43M	48M
Buildings, Total	331M	453M	385M	397M	403M
Machinery, Total	945M	1.07B	845M	1.02B	814M
Full Time Employees	50.18K	43.72K	40.58K	39.58K	30.19K
Order Backlog	28.38B	25.57B	18.93B	26.05B	29.44B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-1.52B	-435M	-440M	145M	139M
Depreciation & Amortization - CF	155M	102M	73.2M	73M	74M
Amortization of Goodwill and Intangible Assets - (CF)	15.88M	3.12M	1.16M	-	-
Depreciation & Amortization, Total	170M	106M	74.36M	73M	74M
(Gain) Loss From Sale Of Asset	7.28M	-510K	-2.23M	-35M	150M
(Gain) Loss on Sale of Investments - (CF)	201M	53.3M	27.93M	-	-
Asset Writedown & Restructuring Costs	126M	212M	15.86M	-24M	-
(Income) Loss On Equity Investments - (CF)	9.35M	-3.88M	-7.76M	-15M	-9M
Stock-Based Compensation (CF)	90.56M	55.92M	31.97M	19M	48M
Tax Benefit from Stock Options	-	-	-	-	-
Net Cash From Discontinued Operations	-	146M	246M	-	-
Other Operating Activities, Total	503M	23.51M	276M	-86M	-76M
Change In Accounts Receivable	418M	419M	-173M	155M	-159M
Change In Accounts Payable	-46.87M	-343M	6.36M	-175M	218M
Change in Unearned Revenues	202M	-53.58M	-176M	-135M	-120M
Change in Other Net Operating Assets	59.66M	7.75M	146M	109M	-53M
Cash from Operations	219M	186M	25.33M	31M	212M
Capital Expenditure	-181M	-113M	-75.07M	-75M	-111M
Sale of Property, Plant, and Equipment	65.98M	62.69M	146M	95M	-
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	179M	-44.12M	-183M	-117M	-174M
Other Investing Activities, Total	16.2M	53.31M	-9.2M	19M	8M
Cash from Investing	80.47M	-41.56M	-122M	-78M	-277M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	3.88M	-	-	560M
Total Debt Issued	-	3.88M	-	-	560M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-531M	-45M	-249M
Total Debt Repaid	-	-	-531M	-45M	-249M
Issuance of Common Stock	1.47M	-	-	-	-
Repurchase of Common Stock	-3.57M	-1.31M	-	-	-
Issuance of Preferred Stock	-	-	582M	-	-
Common Dividends Paid	-118M	-28.72M	-	-	-
Preferred Dividends Paid	-	-	-19.18M	-39M	-29M
Common & Preferred Stock Dividends Paid	-118M	-28.72M	-19.18M	-39M	-29M
Other Financing Activities, Total	42.88M	74.6M	90.1M	399M	-155M
Cash from Financing	-77.3M	48.45M	122M	315M	127M
Foreign Exchange Rate Adjustments	10.26M	8.81M	-15.11M	-38M	18M
Net Change in Cash	232M	202M	10.6M	230M	80M
Supplemental Items
Cash Interest Paid	71.94M	65.64M	90.3M	54M	53M
Cash Income Tax Paid (Refund)	204M	65.19M	74.59M	99M	169M
Levered Free Cash Flow	-397M	323M	42.43M	-42.12M	207M
Unlevered Free Cash Flow	-351M	368M	95.23M	-5.25M	244M
Change In Net Working Capital	-77.97M	-235M	71.74M	121M	-71M
Net Debt Issued / Repaid	-	3.88M	-531M	-45M	311M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-5.37	1.19	1.86	1.42	2.36
Return on Total Capital	-11.02	2.67	4.53	3.15	4.89
Return On Equity %	-75.27	-15.85	-10.19	4.1	3.9
Return on Common Equity	-77.57	-23.34	-17.02	6.67	4.46
Margin Analysis
Gross Profit Margin %	-2.98	2.46	3.31	2.58	3.08
SG&A Margin	2.07	1.53	1.56	1.43	1.4
EBITDA Margin %	-3.86	1.6	2.34	1.68	2.16
EBITA Margin %	-4.94	0.95	1.76	1.15	1.68
EBIT Margin %	-5.05	0.93	1.75	1.15	1.68
Income From Continuing Operations Margin %	-11.97	-1.44	-1.16	0.53	0.51
Net Income Margin %	-10.61	-2.78	-3.54	1.06	0.9
Net Avail. For Common Margin %	-11.68	-1.88	-1.66	0.77	0.54
Normalized Net Income Margin	-2.95	-0.04	0.25	1.34	1.72
Levered Free Cash Flow Margin	-2.77	2.06	0.34	-0.31	1.34
Unlevered Free Cash Flow Margin	-2.45	2.35	0.77	-0.04	1.58
Asset Turnover
Asset Turnover	1.7	2.05	1.7	1.98	2.24
Fixed Assets Turnover	18.67	19.21	22.73	21.97	26.25
Receivables Turnover (Average Receivables)	6.83	6.8	6.85	6.45	7.45
Short Term Liquidity
Current Ratio	1.4	1.41	1.42	1.57	1.6
Quick Ratio	1.01	1.22	1.07	1.45	1.49
Operating Cash Flow to Current Liabilities	0.06	0.05	0.01	0.01	0.07
Days Sales Outstanding (Average Receivables)	53.45	53.78	53.25	56.58	48.97
Average Days Payable Outstanding	34.07	33.28	33.61	30.49	27.15
Long Term Solvency
Total Debt/Equity	123.9	156.31	82.45	65.18	63.3
Total Debt / Total Capital	55.34	60.98	45.19	39.46	38.76
LT Debt/Equity	117.52	149.36	80.1	54.16	61.31
Long-Term Debt / Total Capital	52.49	58.28	43.9	32.79	37.54
Total Liabilities / Total Assets	80.12	82.72	78.48	70.76	70.57
EBIT / Interest Expense	-9.78	2.01	2.57	2.68	4.33
EBITDA / Interest Expense	-4.66	5.92	4.94	7.51	8.93
(EBITDA - Capex) / Interest Expense	-7.1	4.35	4.05	6.24	7.08
Total Debt / EBITDA	-5.68	4.62	3.1