TechnipFMC plc (FTI) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
HADRIAN HOUSE NEWCASTLE UPON TYNE, NE6 3PL |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (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)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1 | 6 | 522 | 1,057 | 712 | 685 | |||
| Cash and cash equivalents | 522 | 1,057 | 712 | 685 | |||||
| Short-term investments | 1 | 6 | |||||||
| Receivables | 120 | 119 | 128 | 125 | 79 | 92 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,159 | 1,158 | 1,139 | 1,040 | 1,032 | 1,067 | |||
| Inventory | 1,159 | 1,158 | 1,139 | 1,040 | 1,032 | 1,067 | |||
| Contract with customer, asset, after allowance for credit loss | 1,205 | 1,267 | 1,222 | 982 | 1,024 | 1,025 | |||
| Derivative instruments and hedges, assets | 140 | 241 | 340 | 283 | 306 | 213 | |||
| Advances on inventory purchases | 80 | 84 | 90 | 81 | 52 | 51 | |||
| Disposal group, including discontinued operation | |||||||||
| Other current assets | 577 | 582 | 531 | 455 | 506 | 503 | |||
| Other undisclosed current assets | 2,014 | 1,785 | 1,130 | 967 | 1,049 | 1,098 | |||
| Total current assets: | 5,295 | 5,242 | 5,102 | 4,989 | 4,759 | 4,735 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 759 | 800 | 819 | 802 | 734 | 806 | |||
| Property, plant and equipment | 2,240 | 2,351 | 2,356 | 2,355 | 2,258 | 2,391 | |||
| Long-term investments and receivables | 280 | 267 | 339 | 325 | 315 | 302 | |||
| Long-term investments | 280 | 267 | 339 | 325 | 315 | 302 | |||
| Intangible assets, net (including goodwill) | 650 | 674 | 695 | 716 | 734 | 761 | |||
| Intangible assets, net (excluding goodwill) | 650 | 674 | 695 | 716 | 734 | 761 | |||
| Derivative instruments and hedges | 13 | 18 | 10 | 7 | 14 | 25 | |||
| Deferred income tax assets | 85 | 80 | 72 | 73 | 72 | 72 | |||
| Other noncurrent assets | 141 | 142 | 128 | 127 | 120 | 143 | |||
| Other undisclosed noncurrent assets | 61 | 59 | 56 | 52 | 52 | 51 | |||
| Total noncurrent assets: | 4,229 | 4,391 | 4,476 | 4,456 | 4,300 | 4,553 | |||
| TOTAL ASSETS: | 9,524 | 9,633 | 9,578 | 9,444 | 9,059 | 9,287 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,666 | 1,792 | 1,690 | 1,555 | 1,806 | 1,765 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | 91 | 91 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 163 | 166 | ||
| Accounts payable | 1,538 | 1,517 | 1,413 | 1,283 | 1,299 | 1,250 | |||
| Accrued liabilities | 128 | 276 | 277 | 272 | 254 | 257 | |||
| Deferred revenue | 1,238 | 1,219 | 1,173 | 1,156 | 711 | 804 | |||
| Debt | 407 | 430 | 385 | 419 | 232 | 274 | |||
| Derivative instruments and hedges, liabilities | 188 | 246 | 385 | 347 | 524 | 342 | |||
| Other liabilities | 819 | 605 | 484 | 561 | 534 | 549 | |||
| Other undisclosed current liabilities | 139 | 146 | 140 | 136 | (68) | (54) | |||
| Total current liabilities: | 4,456 | 4,438 | 4,258 | 4,174 | 3,739 | 3,681 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 994 | 1,059 | 1,063 | 1,001 | 1,821 | 1,918 | |||
| Long-term debt, excluding current maturities | 934 | 1,000 | 1,006 | 999 | 1,135 | 1,201 | |||
| Finance lease, liability | 61 | 60 | 57 | 1 | 1 | ||||
| Liabilities, other than long-term debt | 964 | 1,004 | 1,015 | 993 | 325 | 344 | |||
| Deferred income tax liabilities | 47 | 58 | 58 | 56 | 42 | 49 | |||
| Liability, pension and other postretirement and postemployment benefits | 54 | 52 | 55 | 60 | 91 | 99 | |||
| Other liabilities | 148 | 146 | 141 | 138 | 145 | 144 | |||
| Operating lease, liability | 689 | 726 | 749 | 736 | 685 | 718 | |||
| Derivative instruments and hedges, liabilities | 26 | 23 | 13 | 4 | 46 | 53 | |||
| Total noncurrent liabilities: | 1,958 | 2,064 | 2,077 | 1,993 | 2,146 | 2,262 | |||
| Total liabilities: | 6,414 | 6,502 | 6,335 | 6,168 | 5,885 | 5,943 | |||
| Equity | |||||||||
| Equity, attributable to parent | 3,068 | 3,100 | 3,201 | 3,240 | 3,147 | 3,319 | |||
| Common stock | 436 | 438 | 442 | 442 | 446 | 452 | |||
| Additional paid in capital | 8,980 | 9,018 | 9,057 | 9,110 | 9,144 | 9,178 | |||
| Accumulated other comprehensive loss | (1,322) | (1,260) | (1,288) | (1,302) | (1,469) | (1,347) | |||
| Accumulated deficit | (5,026) | (5,096) | (5,010) | (5,010) | (4,974) | (4,964) | |||
| Equity, attributable to noncontrolling interest | 37 | ||||||||
| Other undisclosed equity | 42 | 32 | 42 | 27 | 25 | ||||
| Total equity: | 3,110 | 3,131 | 3,243 | 3,277 | 3,174 | 3,344 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,524 | 9,633 | 9,578 | 9,444 | 9,059 | 9,287 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,057 | 1,972 | 1,717 | 1,694 | 1,733 | 1,717 | ||
| Cost of revenue | (1,691) | (1,642) | (1,496) | (1,480) | (1,474) | (1,478) | ||
| Gross profit: | 366 | 330 | 221 | 214 | 259 | 239 | ||
| Operating expenses | (206) | (172) | (170) | (185) | (178) | (162) | ||
| Other undisclosed operating income (loss) | 50 | 21 | 38 | (121) | 43 | 30 | ||
| Operating income (loss): | 211 | 179 | 89 | (92) | 124 | 107 | ||
| Nonoperating income (expense) | (38) | (178) | 9 | (41) | (21) | 3 | ||
| Investment income, nonoperating | 4 | 4 | 8 | 4 | 1 | |||
| Gain (loss), foreign currency transaction, before tax | 2 | (13) | (15) | (1) | ||||
| Other nonoperating income (expense) | (42) | (182) | (1) | (28) | (10) | 3 | ||
| Interest and debt expense | (31) | (34) | (27) | (34) | (35) | (62) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 143 | (34) | 71 | (167) | 68 | 49 | ||
| Income (loss) from equity method investments | 21 | 1 | 14 | 21 | 14 | 4 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (50) | (21) | (40) | 139 | (29) | (25) | ||
| Income (loss) from continuing operations before income taxes: | 113 | (53) | 45 | (6) | 53 | 28 | ||
| Income tax expense | (20) | (43) | (37) | (14) | (43) | (20) | ||
| Income (loss) from continuing operations: | 94 | (96) | 8 | (21) | 11 | 8 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (5) | 8 | |
| Loss from discontinued operations | (11) | (15) | ||||||
| Net income (loss): | 94 | (96) | 8 | (31) | (5) | 8 | ||
| Other undisclosed net income (loss) attributable to parent | (4) | 9 | (7) | (6) | (6) | (6) | ||
| Net income (loss) available to common stockholders, diluted: | 90 | (87) | 0 | (37) | (10) | 2 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 94 | (96) | 8 | (31) | (5) | 8 | ||
| Other comprehensive income (loss) | (55) | 27 | 12 | 171 | (125) | (167) | ||
| Comprehensive income (loss): | 39 | (70) | 19 | 140 | (130) | (159) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (11) | 10 | (5) | (9) | (3) | (1) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 29 | (59) | 14 | 130 | (133) | (160) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.