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Without knowing what's in your project, it appears that the compiler is choking when reading a particular file. It might not be easy to pull your project apart to figure out what file is causing the issue. I've filed an SDK bug here for you to post additional information http://bugs.adobe.com/jira/browse/SDK-26255.
Jason San Jose
Software Engineer, Flash Builder
Thanks for submitting this. Note that it's not just one project, it happens on 4-5 of the 10 or so i have in there. All of these projects were converted from flex builder 3, so that may be related.Subscribed to the bug report.
Can you please comment on the but with some additional info like what version of the SDK you are using, your enviornment etc.
Also will it be possible for you to attach your project or workspace to the bug?
Flex SDK Team