Fluor (FLR) FY2016 results: revenue $19.0 billion, up 5.1% on the year
Fluor Corp. (FLR) reported revenue of $19.0 billion for fiscal 2016, the year ended 31 December 2016, up 5.1% on the year before. Net income was $281 million, down 31.8%, and diluted earnings per share $2.00. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2017.
Revenue
$19.0 billion
+5.1% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$281 million
-31.8% on the year
FY2009FY2016
Diluted EPS
$2.00
-28.8% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
19,037
18,114
21,532
+5.1%
Cost of revenue
18,246
17,019
20,133
+7.2%
Gross profit
790
1,095
1,399
-27.8%
Gross margin
4.2%
6.0%
6.5%
Interest expense
69.7
44.8
29.7
+55.7%
Pre-tax income
547
727
1,205
-24.8%
Income tax
219
246
353
-10.9%
Effective tax rate
40.1%
33.8%
29.3%
Net income
281
413
511
-31.8%
Net margin
1.5%
2.3%
2.4%
Diluted EPS
$2.00
$2.81
$3.20
-28.8%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
706
849
643
-16.9%
Capital expenditure
236
240
325
-1.8%
Free cash flow
470
609
318
-22.8%
Free cash flow margin
2.5%
3.4%
1.5%
Cash from investing
-741
-66.5
n/a
Cash from financing
-10.3
-728
n/a
Depreciation and amortisation
226
190
193
+19.1%
Share-based compensation
40.1
61.1
48.2
-34.3%
Buybacks
9.7
510
906
-98.1%
Dividends paid
118
125
126
-5.8%
Dividend per share
$0.84
$0.84
$0.84
0.0%
Diluted shares, weighted
141m
147m
160m
-4.0%
Shares outstanding at period end
139m
139m
149m
+0.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
3,125
2,997
3,111
+4.3%
Non-controlling interest
118
116
113
+1.3%
Debt
1,600
987
1,020
+62.2%
Other liabilities
4,373
3,531
3,950
+23.8%
Total liabilities and equity
9,216
7,632
8,194
+20.8%
Fixed assets
1,017
892
980
+14.0%
Goodwill
532
112
113
+376.7%
Intangible assets
190
24.3
23.0
+683.4%
Investments
255
418
449
-39.1%
Cash and equivalents
1,850
1,950
1,993
-5.1%
Other assets
5,372
4,236
4,636
+26.8%
Total assets
9,216
7,632
8,194
+20.8%
10-K for the year ended 31 December 2016, filed 17 February 2017: the filing.