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Fluor FLR Energy Solutions — Impairment of Intangible Assets, Finite-Lived

Discontinued — last reported Q4 '22

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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:ImpairmentOfIntangibleAssetsFinitelived.

The official record: Fluor’s 10-K, filed February 20, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fluor's energy solutions — impairment of intangible assets, finite-lived?
Fluor (FLR) reported energy solutions — impairment of intangible assets, finite-lived of -$40M in Q4 2022.
How has Fluor's energy solutions — impairment of intangible assets, finite-lived changed year-over-year?
Fluor's energy solutions — impairment of intangible assets, finite-lived decreased by 37.9% year-over-year, from -$29M to -$40M.
What does energy solutions — impairment of intangible assets, finite-lived mean?
A non-cash charge taken when the value of intangible assets is reduced.
How do you interpret energy solutions — impairment of intangible assets, finite-lived?
Higher impairment charges signal a decline in the value of acquired assets or business units.
How does energy solutions — impairment of intangible assets, finite-lived compare across companies?
Comparable to intangible asset impairment charges reported by peers following acquisitions or strategic shifts.