福陆公司Fluor Corporation (FLR) 2004年年度报告「NYSE」.pdf

1、FLUOR CORPORATION2004 ANNUAL REPORTBuildinga foundationfor growth Financial HighlightsTable of Contents1 Letter4 At-A-Glance6 Operations Report20 New Awards&Backlog Data21 Selected Financial Data22 Officers23 Board of Directors24 Form 10-KBusiness DescriptionFluor Corporation is one of the worlds la

2、rgest,publicly owned engineering,procurement,construction and maintenance organizations.Our exceptional record of dependability,exper-tise and safety distinguishes us in the diverserange of industries we serve.Year EndedDecember 31,2004December 31,2003Percent Change(in thousands,except per share amo

3、unts)Revenues$9,380,277$8,805,7037Earnings from continuing operations186,695179,4554Loss from discontinued operations(11,616)NMCumulative effect of change in accounting principle(10,389)NMNet earnings186,695157,45019Diluted earnings(loss)per shareContinuing operations2.252.231Discontinued operations

4、(0.15)NMCumulative effect of change in accounting principle(0.13)NMNet earnings2.251.9515Return on average shareholders equity15.7%16.2%(3)Capital expenditurescontinuing operations$104,432$79,18332New awards13,028,6009,976,00031Backlog$14,765,800$10,607,10039Cash dividends per common share0.640.64At

5、 Period EndDecember 31,2004December 31,2003Percent Change(in thousands,except per share amounts)Working capital$959,333$384,506149Total assets3,969,5573,441,30615CapitalizationShort-term debt129,940221,469(41)Long-term debt347,64944,652NMShareholders equity1,335,7921,081,53424Total capitalization$1,

6、813,381$1,347,65535Total debt as a percent of total capitalization26.3%19.7%34Shareholders equity per common share$15.81$13.1720Closing stock price54.5139.6438Salaried employees17,34417,564(1)Craft/hourly employees 17,45511,44752Total employees34,79929,01120NM Not meaningful FLUOR CORPORATION 2004 A