1、FLUOR CORPORATION2001ANNUAL REPORTFLUOR CORPORATION 2001 ANNUAL REPORTDecember 31,October 31,PercentYear Ended20012000Change(in thousands,except per share amounts)Revenues$8,972,161$9,422,879-5Earnings from continuing operations127,766116,27310Earnings(loss)from discontinued operations(108,356)7,676
2、NMNet earnings19,410123,949-84Diluted earnings(loss)per shareContinuing operations1.611.526Discontinued operations(1.36)0.10NMNet earnings0.251.62-85Return on average shareholders equity2.6%7.7%Capital expenditurescontinuing operations$148,426$156,174-5New awards10,766,6009,644,20012Backlog11,505,50
3、010,012,00015Cash dividends per common share0.641.00-36December 31,December 31,PercentAt Period End20012000Change(in thousands,except per share amounts)Working capital$39,909$(373,404)NMTotal assets3,091,1622,700,56114CapitalizationShort-term debt38,442227,585-83Long-term debt17,59417,576Shareholder
4、s equity789,266633,07725Total capitalization$845,302$878,238-4Total debt as a percent of total capitalization6.6%27.9%Shareholders equity per common share$9.85$8.4916Closing stock price37.4033.0613Salaried employees21,14020,3154Craft/hourly employees 30,17327,8768Total employees51,31348,1916NM Not m
5、eaningfulAs discussed in the first footnote to the accompanying financial statements,on November 30,2000 the shareholders approved a spin-off that separated the company into two publicly traded companies a“new”Fluor and Massey Energy Company.In September 2001,the company adopted a plan to dispose of
6、 certain non-core construction equipmentand temporary staffing businesses.The net assets and the results of operations of Massey and the non-core businesses for all periods presented have been reclassified and arepresented as discontinued operations.In addition,the company changed to a calendar-year