What does energy & chemicals — estimate of possible loss mean?

The estimated financial exposure to potential project losses or legal claims that are considered possible but not yet certain.

How do you interpret energy & chemicals — estimate of possible loss?

An increase indicates rising project risk or deteriorating contract performance, while a decrease suggests reduced uncertainty or successful risk mitigation.

How does energy & chemicals — estimate of possible loss compare across companies?

Comparable to 'contingent liabilities' or 'project loss provisions' reported by peer engineering and construction companies.

Fluor FLR Energy & Chemicals — Estimate of possible loss

Discontinued — last reported Q4 '20

Similar metrics at other companies

FECompetitive Energy Services — Loss Contingency Estimate Of Possible Loss

$168M0.0%

ACMNY — Loss Contingency Estimate Of Possible Loss

$146M0.0%

FECompetitive Energy Services — Loss Contingency Loss In Period

$31.25M+56.3%

GTLSEnergy Chemicals — Impairment Of Long Lived Assets Held For Use

$950K0.0%

GTLSEnergy Chemicals — Intangible Impairment

$0—

CNP

CNPEnergy Services Disposal Group — Estimated remaining exposure

$5.75M—

Other financials

Income statement

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Revenue$3.7B-8.0%

Gross profit$13.0M-90.7%

Operating income$92.0M+1.1%

Net income$160.0M+166%

EPS (diluted)$1.08+176%

Balance sheet

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Cash & equivalents$3.2B+31.0%

Total debt$1.1B-1.5%

Total equity$2.9B-20.0%

Total assets$7.9B-6.0%

Cash flow

See full

Operating cash flow$110.0M+138%

CapEx$11.0M0.0%

Free cash flow$99.0M+133%

Valuation

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Market cap$7.49B+10.9%

Enterprise value$5.38B-2.4%

P/E21.4×+17.7×

P/S0.5×+0.1×

Profitability

See full

Gross margin-0.3%-3.0pp

Operating margin-1.6%—

Net margin2.3%-8.8pp

FCF margin1.5%-0.6pp

Returns & leverage

See full

Return on equity10.8%-55.8pp

Debt / equity0.4×+0.1×

Current ratio1.8×0.0×

Where this comes from

Reported directly by Fluor in its filing.

Tagged under the XBRL concept us-gaap:LossContingencyEstimateOfPossibleLoss.

The official record: Fluor’s 10-K, filed February 26, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does energy & chemicals — estimate of possible loss mean?: The estimated financial exposure to potential project losses or legal claims that are considered possible but not yet certain.
How do you interpret energy & chemicals — estimate of possible loss?: An increase indicates rising project risk or deteriorating contract performance, while a decrease suggests reduced uncertainty or successful risk mitigation.
How does energy & chemicals — estimate of possible loss compare across companies?: Comparable to 'contingent liabilities' or 'project loss provisions' reported by peer engineering and construction companies.