TechnipFMC plc (FTI) financial statements (2021 and earlier)

Company profile

Business Address ONE ST. PAUL'S CHURCHYARD
LONDON, EC4M 8AP
State of Incorp.
Fiscal Year End December 31
SIC 3533 - Oil and Gas Field Machinery and Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,8084,2444,8104,9995,1904,5044,621
Cash and cash equivalents4,8084,2444,8104,9995,1904,5044,621
Receivables3542852422702,2872,1502,240
Inventory, net of allowances, customer advances and progress billings1,2691,3391,3701,3481,4161,4121,387
Inventory1,2691,3391,3701,3481,4161,4121,387
Prepaid expense112      
Contract with customer, asset1,2681,4701,4141,4031,5201,5031,612
Derivative instruments and hedges, assets30131120235310210673
Advances on inventory purchases204219280280243234178
Other current assets9931,038938969864744809
Other undisclosed current assets2,1382,1282,2262,209265340383
Total current assets:11,44511,03411,48211,83011,88610,99311,304
Noncurrent Assets
Operating lease, right-of-use asset1,017742855826893905968
Property, plant and equipment2,8622,8062,8512,8533,1623,0923,345
Long-term investments and receivables359351335321300433415
Long-term investments359351335321300433415
Intangible assets, net (including goodwill)3,4943,4913,4983,5116,6858,6838,733
Goodwill2,5132,4892,4712,4615,5987,5777,609
Intangible assets, net (excluding goodwill)9811,0021,0271,0501,0871,1061,124
Derivative instruments and hedges36237784404640
Deferred income tax assets218228241239261334374
Other noncurrent assets236235257264293294335
Other undisclosed noncurrent assets28      
Total noncurrent assets:8,2487,8778,1138,09811,63213,78614,209
TOTAL ASSETS:19,69318,91119,59419,92823,51924,78025,513
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2332,9492,9073,0403,1473,0532,947
Accounts payable2,7402,4982,4762,5512,6602,5562,489
Employee-related liabilities419385354369412402347
Taxes payable7466771207694112
Deferred revenue4,7364,6434,6854,6544,5854,1234,355
Debt636612524832495524352
Derivative instruments and hedges, liabilities167280309486141226127
Other liabilities1,3691,3271,2371,4041,4951,4711,797
Other undisclosed current liabilities274206236 275  
Total current liabilities:10,41510,0179,89810,41510,1389,3969,577
Noncurrent Liabilities
Long-term debt and lease obligation4,1993,8744,6714,4694,6624,3524,476
Long-term debt, excluding current maturities3,3183,2483,9833,8243,9803,6093,701
Operating lease, liability881626688645682743775
Liabilities, other than long-term debt8217448099209908691,041
Deferred income tax liabilities80797858138173223
Liability, pension and other postretirement and postemployment benefits421320327347369272283
Other liabilities297309337417430316460
Derivative instruments and hedges, liabilities233667985310875
Total noncurrent liabilities:5,0194,6185,4805,3895,6515,2215,517
Total liabilities:15,43514,63515,37815,80315,79014,61715,094
Temporary equity, carrying amount44424140413939
Stockholders' equity
Stockholders' equity attributable to parent4,1544,1894,1414,0567,65910,07910,335
Common stock450449449448447447447
Additional paid in capital10,24210,22810,21410,19710,18310,17010,152
Accumulated other comprehensive loss(1,623)(1,609)(1,646)(1,702)(1,408)(1,440)(1,348)
Retained earnings (accumulated deficit)(4,915)(4,879)(4,876)(4,887)(1,563)9021,084
Stockholders' equity attributable to noncontrolling interest60453528294546
Total stockholders' equity:4,2144,2344,1764,0857,68810,12410,380
TOTAL LIABILITIES AND EQUITY:19,69318,91119,59419,92823,51924,78025,513

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues3,4263,3363,1593,1303,7273,3353,434
Cost of revenue(3,007)(2,876)(2,641)(2,729)(2,827)(2,736)(2,745)
Gross profit:420460518402900599689
Operating expenses(354)(379)(413)(3,538)(2,989)(485)(375)
Other undisclosed operating income (loss)(213)6238113(259)9781
Operating income (loss):(147)143142(3,024)(2,348)211394
Nonoperating income (expense)9729(10)(29)52(58)(73)
Other nonoperating income (expense) 29(10)(29) (58)(73)
Other undisclosed loss from continuing operations before equity method investments, income taxes(350)   (568)  
Income (loss) from continuing operations before equity method investments, income taxes:(400)172133(3,052)(2,864)153322
Income from equity method investments1011132992614
Other undisclosed income (loss) from continuing operations before income taxes451(154)(113)(185)604(214)(221)
Income (loss) from continuing operations before income taxes:622933(3,208)(2,251)(34)115
Income tax expense(76)(23)(18)(38)(180)(81)(1)
Net income (loss):(14)615(3,246)(2,430)(115)114
Net income (loss) attributable to noncontrolling interest(25)(10)(4)(10)16(4)(17)
Net income (loss) available to common stockholders, diluted:(39)(4)12(3,256)(2,414)(119)97

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(14)615(3,246)(2,430)(115)114
Other comprehensive income (loss)(6)3859(305)34(96)(25)
Comprehensive income (loss):(20)4574(3,551)(2,396)(211)89
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(33)(12)(7)1141(17)
Comprehensive income (loss), net of tax, attributable to parent:(53)3368(3,550)(2,382)(210)72

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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