1、Building on Market and GeographicDiversityFLUOR CORPORATION 2002 ANNUAL REPORTOur vision is to be the preeminent leader inthe global building and services marketplace by delivering world-class solutionsYear EndedDecember 31,2002December 31,2001Percent Change(in thousands,except per share amounts)Rev
2、enues$9,958,956$8,972,16111Earnings from continuing operations169,976127,76633Loss from discontinued operations(6,361)(108,356)NMNet earnings163,61519,410NMDiluted earnings(loss)per shareContinuing operations2.131.6132Discontinued operations(0.08)(1.36)NMNet earnings2.050.25NMReturn on average share
3、holders equityfrom continuing operations20.1%17.0%Capital expenditurescontinuing operations$63,014$148,426(58)New awards8,596,80010,766,600(20)Backlog9,709,10011,505,500(16)Cash dividends per common share0.640.64At Period EndDecember 31,2002December 31,2001Percent Change(in thousands,except per shar
4、e amounts)Working capital$185,294$(11,406)NMTotal assets3,142,1513,142,477CapitalizationShort-term debt38,442(100)Long-term debt17,61317,594Shareholders equity883,867789,26612Total capitalization$901,480$845,3027Total debt as a percent of total capitalization2.0%6.6%Shareholders equity per common sh
5、are$11.02$9.8512Closing stock price28.0037.40(25)Salaried employees19,25921,140(9)Craft/hourly employees25,55030,173(15)Total employees44,80951,313(13)NM Not meaningful.In September 2001,the company adopted a plan to dispose of certain non-core construction equipment and temporary staffing businesse
6、s.The netassets and the results of operations of these businesses have been reclassified and are presented as discontinued operations.Financial HighlightsRevenues fromContinuing Operations(dollars in billions)10.09.09.412811612811617.07.2020100Earnings fromContinuing Operations(dollars in millions)*