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2009_URS_AR

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Financial Highlights<br />

Financial data for the past five fiscal years are summarized below. This financial data should be read in conjunction with<br />

the information contained in our financial statements and accompanying notes, and in the section entitled “Management’s<br />

Discussion and Analysis of Financial Condition and Results of Operations,” included in our Annual Report on Form 10-K<br />

for the fiscal year ended January 1, 2010. <strong>URS</strong>’ Form 10-K, which was filed with the Securities and Exchange Commission<br />

on March 2, 2010, accompanies this Annual Report to Stockholders.<br />

Year ended Year ended Year ended Year ended Year ended<br />

January 1, January 2, December 28, December 29, December 30,<br />

(In millions, except per share data) 2010 1 <strong>2009</strong> 1 2007 1,2 2006 1 2005 1<br />

Income Statement Data:<br />

Revenues $ 9,249.1 $ 10,086.3 $ 5,383.0 $ 4,222.9 $ 3,890.3<br />

Cost of revenues 3 (8,772.4) (9,608.8) (5,095.2) (3,978.1) (3,660.5)<br />

Impairment of an intangible asset 4 (32.8) — — — —<br />

General and administrative<br />

expenses 3,5,6 (75.8) (78.7) (56.5) (43.3) (82.7)<br />

Equity in income of unconsolidated<br />

joint ventures 100.9 106.3 31.5 17.3 27.3<br />

Operating income 469.0 505.1 262.8 218.8 174.4<br />

Interest expense (48.4) (90.7) (27.7) (19.8) (31.6)<br />

Other income, net 7 47.9 — — — —<br />

Income before income tax 468.5 414.4 235.1 199.0 142.8<br />

Net income attributable to <strong>URS</strong> 8 269.1 219.8 132.2 113.0 82.5<br />

Diluted earnings per share 9 $ 3.29 $ 2.59 $ 2.30 $ 2.15 $ 1.71<br />

Balance Sheet Data<br />

(As of the end of period):<br />

Cash and cash equivalents $ 720.6 $ 224.0 $ 256.5 $ 89.5 $ 101.5<br />

Total assets $ 6,904.4 $ 7,001.2 $ 6,930.0 $ 2,581.0 $ 2,469.4<br />

Total indebtedness $ 805.0 $ 1,108.0 $ 1,306.8 $ 168.6 $ 318.6<br />

Total <strong>URS</strong> stockholders’ equity $ 3,905.8 $ 3,624.6 $ 3,478.6 $ 1,506.7 $ 1,344.5<br />

Corresponding footnotes are presented on page 27 of this Annual Report to Stockholders.<br />

Revenues<br />

in millions<br />

Net Income<br />

Attributable<br />

to <strong>URS</strong><br />

in millions<br />

Total <strong>URS</strong><br />

Stockholders’<br />

Equity<br />

in millions<br />

Backlog<br />

in millions<br />

$3,890.3<br />

$4,222.9<br />

$5,383.0<br />

$82.5<br />

$113.0<br />

$132.2<br />

$1,344.5<br />

$1,506.7<br />

$3,838*<br />

$4,637*<br />

$10,086.3<br />

$9,249.1<br />

$219.8<br />

$269.1<br />

$3,478.6<br />

$3,624.6<br />

$3,905.8<br />

$17,659*<br />

$17,282*<br />

$17,309*<br />

05 06 07 08 09<br />

05 06 07 08 09<br />

05 06 07 08 09<br />

05 06 07 08 09<br />

* Unaudited<br />

1

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