Fluor (FLR) FY2015 results: revenue $18.1 billion, down 15.9% on the year
Fluor Corp. (FLR) reported revenue of $18.1 billion for fiscal 2015, the year ended 31 December 2015, down 15.9% on the year before. Net income was $413 million, down 19.3%, and diluted earnings per share $2.81. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2016.
Revenue
$18.1 billion
-15.9% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$413 million
-19.3% on the year
FY2008FY2015
Diluted EPS
$2.81
-12.2% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
18,114
21,532
27,352
-15.9%
Cost of revenue
17,019
20,133
25,986
-15.5%
Gross profit
1,095
1,399
1,365
-21.8%
Gross margin
6.0%
6.5%
5.0%
Interest expense
44.8
29.7
26.9
+50.8%
Pre-tax income
727
1,205
1,178
-39.7%
Income tax
246
353
355
-30.3%
Effective tax rate
33.8%
29.3%
30.1%
Net income
413
511
668
-19.3%
Net margin
2.3%
2.4%
2.4%
Diluted EPS
$2.81
$3.20
$4.06
-12.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
849
643
789
+32.1%
Capital expenditure
240
325
288
-26.0%
Free cash flow
609
318
500
+91.6%
Free cash flow margin
3.4%
1.5%
1.8%
Cash from investing
-66.5
n/a
n/a
Cash from financing
-728
n/a
n/a
Depreciation and amortisation
190
193
207
-1.5%
Share-based compensation
61.1
48.2
42.9
+26.6%
Buybacks
510
906
200
-43.8%
Dividends paid
125
126
78.7
-0.8%
Dividend per share
$0.84
$0.84
$0.64
0.0%
Diluted shares, weighted
147m
160m
164m
-8.1%
Shares outstanding at period end
139m
149m
161m
-6.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,997
3,111
3,757
-3.6%
Non-controlling interest
116
113
124
+2.8%
Debt
987
1,020
526
-3.3%
Other liabilities
3,531
3,950
3,917
-10.6%
Total liabilities and equity
7,632
8,194
8,324
-6.9%
Fixed assets
892
980
967
-9.0%
Goodwill
112
113
114
-1.2%
Intangible assets
24.3
23.0
24.0
+5.6%
Investments
418
449
461
-6.9%
Cash and equivalents
1,950
1,993
2,284
-2.2%
Other assets
4,236
4,636
4,474
-8.6%
Total assets
7,632
8,194
8,324
-6.9%
10-K for the year ended 31 December 2015, filed 18 February 2016: the filing.