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Fluor FLR Other Restructuring — Restructuring Reserve

Discontinued — last reported Q1 '19

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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:RestructuringReserve.

The official record: Fluor’s 10-Q, filed May 2, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does other restructuring — restructuring reserve mean?
The amount of money set aside for future restructuring costs that have been committed to but not yet paid.
How do you interpret other restructuring — restructuring reserve?
A decreasing reserve suggests the company is successfully executing and closing out its restructuring programs.
How does other restructuring — restructuring reserve compare across companies?
Comparable to 'restructuring accruals' or 'restructuring liabilities' found in the balance sheet footnotes of global industrial service providers.