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Consolidated Statement of Earnings

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Year ended October 31, 1999 1998 1997

(in thousands, except per share amounts)

Revenues
Engineering and construction services
Coal



$



11,334,355
1,083,030



$



12,377,476
1,127,297



$



13,217,515
1,081,026

Total revenues 12,417,385 13,504,773 14,298,541


Cost of Revenues

Engineering and construction services
Coal


11,090,520
936,173


12,140,901
954,535


13,096,310
926,260

Total cost of revenues

Other (Income) and Expenses

Special provision
Corporate administrative and general expense
Interest expense
Interest income
12,026,693


117,200
55,350
50,918
(18,429






)
13,095,436



22,598
45,277
(21,164






)
14,022,570



13,230
30,758
(23,286






)

Total cost and expenses 12,231,732 13,142,147 14,043,272

Earnings Before Taxes
Income Tax Expense
185,653
81,466

%
362,626
127,282

255,269
109,082


Net Earnings $ 104,187 $ 235,344 $ 146,187

Earnings Per Share
--Basic
--Diluted

$
$

1.38
1.37


$
$

2.99
2.97


$
$

1.76
1.75


Shares Used to Calculate Earnings Per Share
--Basic
--Diluted

75,228
75,929

78,801
79,135

83,091
83,478


See Notes to Consolidated Financial Statements.


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