Fluor (FLR) FY2021 results: revenue $14.2 billion, down 10.3% on the year
Fluor Corp. (FLR) reported revenue of $14.2 billion for fiscal 2021, the year ended 31 December 2021, down 10.3% on the year before. Net income was -$440 million, and diluted earnings per share $-2.04. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$14.2 billion
-10.3% on the year
FY2014FY2021
Operating margin
-1.9%
-1.5% a year earlier
FY2014FY2021
Net income
-$440 million
FY2014FY2021
Diluted EPS
-$2.04
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
25.0
186
219
-86.6%
Capital expenditure
75.1
113
181
-33.6%
Free cash flow
-50.1
72.9
38.2
Free cash flow margin
-0.4%
0.5%
0.2%
Cash from investing
-122
-41.0
80.5
Cash from financing
122
48.0
-77.3
+154.2%
Depreciation and amortisation
74.0
105
170
-29.5%
Share-based compensation
32.0
22.0
36.1
+45.3%
Buybacks
n/a
0.0
0.0
Dividends paid
n/a
28.7
118
Dividend per share
$16.25
$0.10
$0.73
+16,150.0%
Diluted shares, weighted
141m
141m
140m
+0.5%
Shares outstanding at period end
141m
141m
140m
+0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,392
1,030
1,488
+35.2%
Non-controlling interest
174
233
96.3
-25.2%
Redeemable equity
0.0
n/a
n/a
Short-term borrowings
n/a
4.9
n/a
Debt
1,192
1,701
1,690
-29.9%
Other liabilities
4,330
4,341
4,692
-0.2%
Total liabilities and equity
7,089
7,310
7,967
-3.0%
Fixed assets
456
464
595
-1.7%
Goodwill
249
207
508
+20.1%
Intangible assets
n/a
77.6
107
Investments
644
551
608
+17.0%
Cash and equivalents
2,209
2,199
1,997
+0.5%
Other assets
3,530
3,812
4,152
-7.4%
Total assets
7,089
7,310
7,967
-3.0%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.