Fluor corporation (FLR)
CashFlow / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-729,539

-593,486

-43,308

77,830

96,025

131,164

-12,061

80,858

112,889

-6,632

77,354

70,978

17,406

120,054

119,011

-33,078

181,736

160,744

165,604

229,363

114,890

109,980

193,310

185,079

217,351

207,340

213,256

29,033

172,338

192,521

177,175

183,826

161,589

191,459

161,213

139,081

-30,088

178,417

153,672

161,245

174,004

176,339

221,287

Adjustments to reconcile net earnings (loss) to cash provided (utilized) by operating activities:
Depreciation

41,143

42,607

45,264

46,993

48,089

50,596

51,907

52,219

51,960

51,203

50,718

55,980

53,725

54,243

47,147

47,739

46,266

46,892

47,803

47,876

48,962

46,371

48,492

44,067

53,483

54,155

54,626

54,944

52,472

51,270

51,755

51,323

50,367

49,198

48,477

50,121

47,732

45,549

45,948

46,371

45,845

44,946

43,687

Amortization of intangibles

3,989

4,476

4,567

4,744

4,924

4,656

4,747

5,082

4,554

4,461

5,059

2,394

5,233

6,969

222

370

223

222

223

224

223

223

223

191

131

132

313

401

735

403

401

404

228

1,614

328

300

297

266

371

227

298

297

340

(Earnings) loss from equity method investments, net of distributions

1,381

-5,776

-2,115

-474

1,413

-65

-1,854

-3,227

2,374

-924

-1,072

201

1,570

-16,648

2,697

-4,228

-1,552

-9

7,386

-5,388

5,120

1,757

-2,784

-3,621

-6,761

-5,855

1,207

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on sale of property, plant and equipment

-9,242

1,694

1,858

6,537

8,248

5,194

2,153

11,006

4,755

3,320

3,665

6,196

5,226

3,394

6,788

8,943

4,295

9,193

8,841

10,608

11,124

7,038

5,108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of stock-based awards

-2,290

16,561

13,242

8,294

10,745

10,073

13,917

9,593

8,846

6,564

15,666

8,244

7,930

9,991

13,921

19,629

13,650

15,228

12,546

11,976

12,495

12,969

10,792

11,048

11,002

11,221

9,638

9,160

9,518

9,976

8,746

8,206

8,618

8,108

11,825

12,130

11,734

13,330

9,630

8,299

8,483

8,633

8,209

Deferred compensation trust

2,577

8,267

26,145

-32,925

12,089

3,851

-1,025

12,288

12,861

9,817

14,573

2,786

47,868

5,958

-34,280

11,621

-20,165

-2,150

-33,604

8,299

-4,840

11,209

1,946

23,786

15,447

583

15,688

4,868

39,053

8,039

-22,073

-32,762

31,217

450

-9,354

-16,330

-19,968

16,499

-8,815

-7,982

-23,886

-21,295

8,557

Increase (Decrease) in Deferred Compensation

-1,766

8,009

28,584

-41,592

16,175

2,215

930

16,627

16,861

4,507

14,620

4,110

14,797

4,761

5,655

13,924

-23,947

-2,995

6,164

6,489

-8,180

11,797

4,649

21,962

18,221

-1,726

18,093

7,148

13,498

-9,673

24,988

12,430

-34,046

-2,462

11,560

20,363

21,746

137

-8,509

84,140

-22,738

-26,937

11,235

Deferred taxes

444,484

-147,939

-25,549

39,625

15,350

53,539

-37,920

523

22,897

24,785

52,081

-66,684

34,800

-10,314

34,286

-73,627

-68,639

3,340

143,601

4,010

80,966

-46,497

23,605

11,272

-69,914

11,510

17,424

106,300

-59,737

26,251

4,630

-7,838

-47,149

7,777

29,812

36,902

-26,242

2,451

-404

129,107

-22,384

-26,342

-5,719

Excess tax benefit from stock-based plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

124

108

742

3,115

2,167

1,083

671

2,747

38

394

480

3,444

418

50

1,267

11,002

287

115

132

359

1,578

500

-147

-637

Net retirement plan accrual (contributions)

6

1,750

-3,577

80

-13,496

2,179

-5,235

-1,751

-87

596

-7,604

6,124

810

1,435

-10,125

-26,749

-18,024

3,577

3,391

-4,183

-32,282

3,678

-7,306

8,150

3,955

2,875

-4,394

-54,638

3,360

4,211

190

-57,451

-28,427

10,666

5,631

2,710

-1,673

13,511

7,716

16,875

7,881

15,700

4,342

Changes in operating assets and liabilities

99,406

-740,343

13,928

-7,745

-88,895

243,311

151,051

98,714

79,813

-83,849

-82,779

-192,931

-284,121

215,610

126,049

-125,615

-290,238

59,182

52,775

34,754

335,322

-37,671

76,456

171,779

-250,599

25,950

314,466

9,132

-254,083

153,456

287,005

-35,024

-121,239

200,248

-105,578

-113,949

-438,108

238,984

486,080

-1,697

51,442

-84,201

178,388

Cash outflows from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,744

-5,961

0

-306,490

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Undistributed earnings of equity method investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,162

1,736

7,857

-

-13,311

1,551

-7,013

5,929

4,087

-5,235

-17,124

-9,814

2,047

688

10,778

Other items

-5,262

-1,660

-3,117

-2,868

-1,300

-1,271

1,962

-6,951

-4,594

-571

3,272

-1,821

2,218

2,936

-5,792

7,704

3,625

-4,115

-1,838

-5,067

914

657

3,210

-13,107

4,738

-2,265

-3,428

-1,428

1,087

-1,415

-5,416

6,121

-6,372

6,367

-9,452

3,014

-356

-12,664

6,621

2,816

1,753

-4,850

-160

Cash provided (utilized) by operating activities

-24,537

108,911

-17,476

173,449

121,315

3,402

-136,002

51,334

122,711

157,691

270,235

253,435

361,940

-24,111

114,655

278,709

366,234

164,907

39,282

235,225

-18,380

239,015

186,714

86,363

467,011

257,256

-21,724

93,469

428,639

128,741

-47,078

178,590

283,269

57,377

370,533

340,498

437,800

18,683

-246,067

359,465

160,743

308,719

76,085

Purchases of marketable securities

7,756

15,229

8,180

165,766

153,959

118,920

44,868

32,552

33,367

140,920

30,521

80,599

62,503

113,297

103,587

23,231

180,229

35,493

147,068

134,601

78,251

63,392

134,264

143,684

24,513

191,736

132,700

108,584

168,238

313,710

331,492

299,778

150,966

231,454

175,589

144,183

160,732

351,026

197,681

142,741

262,022

700,138

558,112

Proceeds from the sales and maturities of marketable securities

32,959

40,665

124,299

193,973

11,916

159,431

175,784

65,579

49,831

29,126

71,900

106,232

69,376

144,200

202,286

87,323

103,329

26,093

194,635

185,892

68,603

76,260

88,643

121,292

75,541

177,911

107,632

340,677

231,774

294,544

198,317

71,174

317,694

152,527

183,014

166,634

308,676

335,963

479,886

234,528

381,330

165,285

258,541

Capital expenditures

39,218

52,668

48,172

62,327

38,220

45,369

65,082

66,771

74,783

74,669

66,884

70,390

58,169

58,769

48,576

59,142

47,591

59,604

73,883

102,143

73,645

82,288

66,628

107,428

59,267

64,886

56,906

65,871

68,451

66,106

54,319

100,763

79,443

102,329

55,632

54,063

87,936

75,413

47,998

58,240

54,280

67,444

53,149

Proceeds from disposal of property, plant and equipment

31,252

14,459

10,720

20,175

20,778

23,591

16,494

40,244

27,950

13,256

14,652

20,389

21,726

13,166

25,881

23,920

15,513

24,985

29,905

33,404

25,363

22,548

24,557

30,291

11,261

16,774

15,702

36,756

15,011

13,364

37,248

10,133

14,928

15,808

12,883

14,513

22,395

7,206

9,578

12,823

7,557

7,021

10,167

Investments in partnerships and joint ventures

7,446

15,055

12,001

39,346

17,109

1,116

15,574

31,540

50,453

105,098

86,026

211

117,358

-1,783

402,434

10,192

33,428

25,921

21,537

4,502

16,186

13,021

4,978

-10,483

4,712

25,414

7,414

18,754

8,825

2,814

389

527

3,401

2,335

1,826

1,800

3,181

2,271

2,783

91

551

585

454

Consolidation of a variable interest entity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

24,675

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

0

0

-14

240,754

-

-

-

-

-

-

-

-

15,401

0

0

7,674

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other items

3,093

-4,074

-1,090

-712

658

511

-128

3,226

5,807

-1,941

-611

3,777

-3,195

194

-7,236

-2,982

-13,568

-1,108

197

-3,555

0

-3,029

1,070

-3,570

-6,425

1,783

-4,346

1,980

3,204

2,918

1,575

-25

-3,380

1,399

-3,762

-5,222

-1,060

-1,321

4,957

365

-850

558

-2,569

Cash provided (utilized) by investing activities

30,676

-23,754

67,756

73,123

-155,728

17,106

66,882

-28,266

-83,380

-276,364

-96,268

-24,573

-143,733

-13,097

-559,948

103,742

-83,272

-68,832

-18,145

-18,395

-74,116

-12,864

-93,740

-100,877

4,735

-86,129

-52,339

237,380

-21,270

-77,640

-152,210

-331,762

86,892

-158,166

-33,388

-13,677

80,282

-84,220

236,045

45,914

72,884

-596,419

-340,438

CASH FLOWS FROM FINANCING ACTIVITIES
Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

0

0

0

9,718

150,098

145,307

102,595

111,658

495,446

87,137

131,199

192,301

-

-

-

-

225,046

31,298

105,407

27,482

39,665

241,236

113,070

245,585

157,987

0

0

17,071

11,507

52,653

1,156

60,103

Dividends paid

29,384

29,319

30,005

29,541

29,552

29,399

30,242

29,372

29,342

29,285

29,996

28,969

29,693

29,392

29,941

30,651

31,022

31,168

32,363

33,243

33,294

33,715

25,966

-

-

-

-

53,004

27,073

27,185

21,388

21,327

22,440

21,122

22,789

22,517

22,504

22,517

22,555

22,521

22,593

22,806

22,772

Proceeds from issuance of 4.250% Senior Notes

-

-

-

-

-

-

-

-

-

-

-

0

0

0

552,958

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of 3.375% Senior Notes

-

-

-

-

-

-

-

-

-

-

-

2,387

-1,242

6,230

326,279

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Long-term Lines of Credit

-

-

-

-

-

-

-

-

-

-

-

-1,146

-462

123,750

760,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of borrowings under revolving lines of credit

-

-

-

-

-

-

-

0

0

0

53,455

32,151

33,282

91,594

760,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

0

0

327

3,186

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

301

-

1,843

39,691

31,505

2,530

420

67

10,080

8,788

3,136

2,101

9,764

Distributions paid to noncontrolling interests

10,123

5,848

10,152

28,835

2,688

8,774

23,226

23,158

2,666

8,925

12,251

32,276

1,301

11,498

12,829

14,409

2,811

38,258

3,508

62,531

31,226

28,386

15,898

45,304

33,740

27,867

17,942

38,706

21,745

20,405

19,767

31,389

31,725

13,374

27,171

28,094

22,282

16,033

17,247

33,013

28,576

20,775

-6,637

Capital contributions by noncontrolling interests

2,581

3,233

4,767

707

293

3,635

365

1,725

522

544

3,606

429

555

6,771

1,245

1,626

1,334

1,596

698

1,126

2,020

144

46

148

87

1,260

202

-888

166

1,987

1,400

200

0

22,540

49

0

0

0

1,000

-

-

-

-

Taxes paid on vested restricted stock

0

23

3,549

0

196

35

5,455

0

0

15

6,171

1

19

16

6,971

-2

10

804

7,588

49

285

1,162

9,979

0

152

895

10,357

48

93

700

10,903

3

63

305

18,322

22

114

268

6,495

86

763

157

4,694

Stock options exercised

0

0

1,466

88

1,787

1,364

4,019

577

507

2,509

5,787

343

171

463

2,681

618

0

239

923

228

8,583

1,308

14,070

31,225

9,711

6,095

5,807

1,437

4,464

689

5,002

67

0

5,129

20,214

11,733

676

1,104

527

280

1,672

167

552

Excess tax benefit from stock-based plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

124

108

742

3,115

2,167

1,083

671

2,747

38

394

480

3,444

418

50

1,267

11,002

287

115

132

359

1,578

500

-147

-637

Other items

-13,362

3,719

7,653

4,449

-7,884

1,587

-3,440

-4,877

-6,052

-10,490

14,991

-12,073

-7,843

5,693

2,861

-1,109

13

-3,021

-474

-1,261

82

-3,766

1,896

4,221

7,124

-3,457

2,800

-1,079

1,028

7

5,810

-456

-1,114

-1,792

-1,330

-1,648

965

-2,846

-1,310

-1,410

-2,832

-1,633

240

Cash utilized by financing activities

-29,331

-27,989

-29,820

-132,117

32,074

17,531

-57,979

-55,320

-37,031

-45,662

-77,489

-108,159

-70,632

-2,380

170,821

-194,021

-177,803

-202,436

-153,970

-104,142

-141,150

-196,107

-225,017

-233,854

-42,209

-50,402

-43,104

-327,148

-74,757

-150,536

-64,185

-96,357

176,387

-160,418

-315,437

-200,778

-43,564

-72,658

-72,872

-75,467

-108,381

-40,028

-99,121

Effect of exchange rate changes on cash

-28,989

-5,660

20,571

-29,505

175

-42,033

8,978

9,298

4,930

16,553

20,667

-50,641

5,745

-30,849

22,077

-19,943

-47,520

18,828

-48,999

-19,760

-48,966

10,707

-9,481

-5,620

2,957

-30,449

-22,574

-186

14,845

-19,282

24,348

24,651

-106,224

15,507

34,960

31,809

65,509

-33,676

4,855

29,099

20,877

39,296

-524

Increase (decrease) in cash and cash equivalents

-52,181

51,508

41,031

84,950

-2,164

-3,994

-118,121

-22,954

7,230

-147,782

117,145

70,062

153,320

-70,437

-252,395

168,487

57,639

-87,533

-181,832

92,928

-282,612

40,751

-141,524

-253,988

432,494

90,276

-139,741

3,515

347,457

-118,717

-239,125

-224,878

440,324

-245,700

56,668

157,852

540,027

-171,871

-78,039

359,011

146,123

-288,432

-363,998