What does energy & chemicals — goodwill mean?

The value of intangible assets like brand or synergy premiums recorded from past acquisitions in the energy and chemicals segment.

How do you interpret energy & chemicals — goodwill?

High goodwill levels increase the risk of future impairment charges if the segment's performance declines.

How does energy & chemicals — goodwill compare across companies?

Common in industries with frequent M&A activity; comparable across firms with similar acquisition histories.

Fluor FLR Energy & Chemicals — Goodwill

Discontinued — last reported Q4 '20

Similar metrics at other companies

GTLSEnergy & Chemicals — Goodwill

$0-100%

ALBPerformance Chemicals — Goodwill

$1.29B+2,965%

GTLSEnergy & Chemicals — Goodwill acquired during the period

$0-100%

JEnergy Chemicalsand Resources — Goodwill

$1.31B+41.7%

JEnergy Chemicalsand Resources — Goodwill Acquired

$12.9M—

GTLSEnergy Chemicals — Goodwill And Intangible Asset Impairment

$16.25M—

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

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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

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Gross margin-0.3%-3.0pp

Operating margin-1.6%—

Net margin2.3%-8.8pp

FCF margin1.5%-0.6pp

Returns & leverage

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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:Goodwill.

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

Questions, answered.

What does energy & chemicals — goodwill mean?: The value of intangible assets like brand or synergy premiums recorded from past acquisitions in the energy and chemicals segment.
How do you interpret energy & chemicals — goodwill?: High goodwill levels increase the risk of future impairment charges if the segment's performance declines.
How does energy & chemicals — goodwill compare across companies?: Common in industries with frequent M&A activity; comparable across firms with similar acquisition histories.