Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Data (Unaudited)

Quarterly Financial Data (Unaudited)

16.   Quarterly Financial Data (Unaudited)

        The following is a summary of the quarterly results of operations:

(in millions, except per share amounts)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Year ended December 31, 2013
Revenue	$	7,185.6	$	7,190.3	$	6,684.2	$	6,291.5
Cost of revenue		6,843.8		6,857.5		6,329.7		5,955.4
Earnings before taxes		306.3		298.7		304.7		267.9
Net earnings		213.3		207.3		217.4		185.0
Net earnings attributable to Fluor Corporation		166.5		161.4		173.0		166.8
Earnings per share
Basic	$	1.02	$	0.99	$	1.06	$	1.03
Diluted		1.02		0.98		1.05		1.01
Year ended December 31, 2012
Revenue	$	6,290.1	$	7,128.2	$	7,136.1	$	7,022.7
Cost of revenue		6,014.2		6,809.8		6,829.8		7,038.3
Earnings (loss) before taxes		240.8		288.2		264.5		(60.0	)
Net earnings		177.2		192.5		172.3		29.1
Net earnings (loss) attributable to Fluor Corporation		154.9		161.2		144.6		(4.4	)
Earnings (loss) per share
Basic	$	0.92	$	0.96	$	0.87	$	(0.03	)
Diluted		0.91		0.95		0.86		(0.03	)

        Net earnings in the fourth quarter in 2013 included pre-tax income of $57 million (or $0.22 per diluted share) resulting from the favorable resolution of various issues with the U.S. government related to 2001 - 2013. Of this amount, $31 million was the result of resolving challenges as to the reimbursability of certain costs, $11 million was the result of a favorable court ruling that resolved certain disputed items and $15 million was related to the closeout and final disposition of other matters.

        Net earnings in the fourth quarter of 2012 were impacted by pre-tax charges for the Greater Gabbard Project totaling $416 million (or $1.61 per diluted share). Net earnings in the fourth quarter of 2012 also included a pre-tax gain of $43 million (or $0.17 per diluted share) on the October 2012 sale of the company's unconsolidated interest in a telecommunications company located in the United Kingdom and tax benefits of $43 million ($0.26 per diluted share) associated with the net reduction of tax reserves for various domestic and international disputed items and an IRS settlement. The tax benefits are disclosed in "3. Income Taxes" above.