We have a great track record with Texas DOT and we think that's going to be a real big contributor as that moves forward. Clearly, as we improve our cash position, as we reduce our debt to what we think is an appropriate level to remain solid investment grade, our next priority is returning cash to shareholders and If we get to the point that we're comfortable with our balance sheet comfortable with our cash position and we see some excess proceeds, we will definitely consider share repurchase. We used approximately 70 million in cash based on the last projects [Phonetic] in the third quarter, we expect to fund roughly $250 million in the fourth quarter. Obviously those projects being as significant as they are, they received a tremendous amount of scrutiny, and we addressed all the issues. This higher than anticipated tax rate this quarter is due to the company being impacted by this valuation allowance and certain foreign charges that could impact tax- could not be tax benefited. Good morning, gentlemen. We'll now take our next question from Steven Fisher from UBS. We'll now take our next question from Jerry Revich from Goldman Sachs. We have, we just recently walked away from an opportunity because we didn't have the right team. Our employees remain our greatest asset and I thank them for their ongoing hard work and dedication for Fluor. you know we've been having, Kevin, since since May 1, we've been having conversations with our major oil and gas customers, precisely about this issue of the bidding environment. Before getting started, I'd like to refer you to our Safe Harbor note regarding forward-looking statements, which is summarized on slide 2. Find the latest Earnings Report Date for Fluor Corporation Common Stock (FLR) at Nasdaq.com. Our priorities for cash are to rebuild our cash balance, strengthen our balance sheet, and then of course return cash to the shareholders as we get to a healthy balance sheet, and a healthy cash position. And the geographies where we have said we're going to execute infrastructure projects, we're going to be able to get work. Ending backlog reflects the removal of the [Indecipherable] chemical plant complex in Louisiana that was booked earlier this year and canceled by the client in the 3rd quarter. And, as I mentioned earlier, the project is, really meets our pursuit criteria. Carlos. Thank you to everyone joining us today. And I think you mentioned a cancellation in your prepared remarks. We have 2 very strong partners in that project; JGC and Technique, both of them have a significant experience in the LNG arena. So until LNG Canada and some of the other big energy projects ramp-up, is this going to be the swing factors segment for overall profitability, do you think? Starting today, we will be reporting those business lines as discontinued operations. well, first of all, we've mentioned in the past, changes we've made in our cell activity or pursue criteria. Third quarter 2019 revenue was $1.6 billion compared to $1.9 billion a year ago. Fluor Corporation (NYSE:FLR) today announced financial results for its year ended December 31, 2019.Results for 2019 were a net loss from continuing operations of … Please go ahead, your line is open. For the 3rd quarter, new awards for the Energy & Chemicals segment were $256 million and ending backlog was $13.7 billion. And how long will it take for that segment to start showing a more normalized margin, which I assume, should be more like the mid to upper single digits? Revenue will likely be around $4.05 billion, according to the consensus estimate. Please go ahead, your line is open. Okay, thank you.,that's helpful. So, I think overall it's not going to have a huge impact on our backlog. Now turning to slide 7. In fact that has actually caused a project for us to be canceled by the owner, because we wouldn't agree on what the owner wanted for the. Mining EPC awards for 2019 continue to track our expectations from last year, as we continue to work on feed and feasibility studies for large mining EPC projects, that we expect to be awarded in 2020 and 2021. And clearly the Rovuma project met all of that criteria. Today's call is being recorded. Yeah, let me just add something to that. All Rights Reserved. Our earnings announcement was released this morning and we have posted a slide presentation on our website, which we will reference while making prepared remarks. Shares of Fluor (NYSE:FLR) decreased 1.2% in pre-market trading after the company reported Q3 results.. Quarterly Results. Fluor (FLR) delivered earnings and revenue surprises of 86.84% and -16.08%, respectively, for the quarter ended September 2019. I'm wondering if you could just expand on [Indecipherable] LNG. For example, in our Heavy Civil business, which is a business that's construction only for smaller projects in the $100 to $200 million range, typically we have, we have a couple of opportunities where we're going to be doing those on a unit rate basis, taking out our point of view risk. Sangita Jain -- KeyBanc Capital Markets -- Analyst. The E&C margin in the quarter and the forecast were better than we expected, and I know you did cite some close outs, but is the Q4 rate kind of the starting point for 2020, and how should we now think about the trajectory of the margin in that segment? and [Indecipherable], back to your comment on the new process, is that reducing the Project funnel that you anticipate to be looking at over the next several months as well? Cash utilized by operating activities for the quarter totaled 25 million. Fluor announces $1.7B loss in delayed 2019 earnings report as SEC investigation continues The company also suspended guidance for 2020 due … Consolidated segment loss for the quarter was $573 million compared to a profit of $194 million a year ago. These sales along with the monetization of surplus real estate and other non-core investments are expected to generate in excess of $1 billion in aggregate proceeds. Do the numbers hold clues to what lies ahead for the stock? Please go ahead, your line is open. Turning to slide 9. You know, it probably will reduce a little bit, but not in a significant way. There is an inherent risk that actual results and experience could differ materially. New awards for the quarter primarily reflect the timing of client FID decisions and are not the result of our revised pursued criteria. And we definitely think our impairments are sufficient for those, and I wouldn't expect any further impairments. Results for the quarter includes $30 million of foreign currency transaction losses, $22 million of NuScale expenses and $19 million of internal investigation expenses. We'll now take our next question from Sean Eastman from KeyBanc Capital Markets. Now I'll turn the call over to Carlos Hernandez, Fluor's CEO. Revenue of $3.8 billion, was down 18% … ET. We had indicated earlier that the [Indecipherable] project was delayed to probably the second, first or second quarter for-in the final notice to proceed. Fluor will host a conference call at 8:30 a.m. Eastern time on Friday, September 25, which will be webcast live on the Internet and can be accessed by logging onto investor.fluor.com. Maybe we have that, but I didn't think you quantified it. And in addition, we're optimistic with what we can do for creating some of other assets. We're going to have a very modest capex going forward for continuing operations at, absent the Amico Equipment Rental business. 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