FLUOR CORP (FLR) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Energy & Chemicals					8,565.8	9,250.0
Mining, Industrial, Infrastructure and Power					5,178.4	4,598.7
Government					3,232.7	2,720.0	2,557.4	2,511.9
Diversified Services					2,544.1	2,467.8	1,427.2
Other							14,129.4	19,019.7
Total revenues	12,434.9	14,157.9	15,454.5	18,851.0	19,521.0	19,036.5	18,114.0	21,531.6
Revenue growth [+]	-12.2%	-8.4%	-18.0%	-3.4%	2.5%	5.1%	-15.9%	-21.3%
Energy & Chemicals					-7.4%
Mining, Industrial, Infrastructure and Power					12.6%
Government					18.8%	6.4%	1.8%
Diversified Services					3.1%	72.9%
Cost of goods sold	12,023.3	13,758.4	15,660.5	18,281.6	18,902.5	18,246.2	17,019.4	20,132.5
Gross profit	411.6	399.5	-206.1	569.4	618.5	790.3	1,094.7	1,399.0
Gross margin	3.3%	2.8%	-1.3%	3.0%	3.2%	4.2%	6.0%	6.5%
Selling, general and administrative [+]	216.5	201.5	139.8	121.2	192.2	191.1	168.3	182.7
General and administrative	216.5	201.5	139.8	121.2	192.2	191.1	168.3	182.7
Other operating expenses	211.1	44.4	164.0	21.9			171.7
EBITDA [+]	58.4	259.2	-339.4	643.0	651.6	825.2	944.4	1,408.9
EBITDA growth	-77.5%	-176.4%	-152.8%	-1.3%	-21.0%	-12.6%	-33.0%	0.8%
EBITDA margin	0.5%	1.8%	-2.2%	3.4%	3.3%	4.3%	5.2%	6.5%
Depreciation	73.2	102.5	154.6	197.6	206.1	211.1	188.7	191.7
EBITA	-14.8	156.8	-494.0	445.4	445.5	614.1	755.7	1,217.2
EBITA margin	-0.1%	1.1%	-3.2%	2.4%	2.3%	3.2%	4.2%	5.7%
Amortization of intangibles	1.2	3.1	15.9	19.1	19.2	14.8	1.0	0.9
EBIT [+]	-15.9	153.6	-509.9	426.3	426.3	599.2	754.6	1,216.3
EBIT growth	-110.4%	-130.1%	-219.6%	0.0%	-28.9%	-20.6%	-38.0%	2.2%
EBIT margin	-0.1%	1.1%	-3.3%	2.3%	2.2%	3.1%	4.2%	5.6%
Non-recurring items	43.8	108.4	318.4
Interest expense, net [+]	68.0	41.8	11.1	40.6	39.9	52.6	28.1	11.4
Interest expense	84.5	65.4	64.9	77.1	67.6	69.7	44.8	29.7
Interest income	16.5	23.6	53.8	36.6	27.8	17.0	16.7	18.3
Pre-tax income	-127.7	3.5	-839.5	385.7	386.4	546.6	726.6	1,204.9
Income taxes	16.5	15.9	482.0	173.3	122.0	219.2	245.9	352.8
Tax rate		453.8%		44.9%	31.6%	40.1%	33.8%	29.3%
Minority interest					73.1	46.0	62.5	136.6
Earnings from continuing ops	-464.5	-435.0	-1,522.2	212.4	191.4	281.4	418.2	715.5
Earnings from discontinued ops	0.0	0.0	0.0	20.4			-5.7	-204.6
Net income	-464.5	-435.0	-1,522.2	232.9	191.4	281.4	412.5	510.9
Net margin	-3.7%	-3.1%	-9.8%	1.2%	1.0%	1.5%	2.3%	2.4%

Basic EPS [+]	($3.29)	($3.10)	($10.87)	$1.51	$1.37	$2.02	$2.89	$4.54
Growth	6.2%	-71.5%	-818.4%	10.5%	-32.3%	-30.0%	-36.4%	10.6%
Diluted EPS [+]	($3.29)	($3.10)	($10.87)	$1.50	$1.36	$2.00	$2.85	$4.48
Growth	6.2%	-71.5%	-822.8%	10.7%	-32.0%	-29.9%	-36.4%	10.3%

Dividends per share [+]	$16.25	$0.10	$0.73	$0.84	$0.84	$0.84	$0.84	$0.84
Growth	16150.0%	-86.3%	-13.1%	0.0%	0.0%	0.0%	0.0%	31.3%

Shares outstanding (basic) [+]	141.3	140.5	140.1	140.4	139.8	139.2	144.8	157.5
Growth	0.5%	0.3%	-0.3%	0.5%	0.4%	-3.9%	-8.1%	-3.1%
Shares outstanding (diluted) [+]	141.3	140.5	140.1	141.3	140.9	140.9	146.7	159.6
Growth	0.5%	0.3%	-0.9%	0.3%	0.0%	-4.0%	-8.1%	-2.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.