FTI Consulting, Inc. (FCN) financial statements (2020 and earlier)

Company profile

Business Address 555 12TH STREET NW
WASHINGTON, DC 20004
State of Incorp. MD
Fiscal Year End December 31
SIC 8742 - Management Consulting Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments258312190216150284209
Cash and cash equivalents258312190216150284206
Short-term investments      3
Restricted cash and investments     0 
Receivables772603556522551536510
Prepaid expense 363633313031
Income taxes receivable12
Costs in excess of billings   248233
Other current assets  819292115122
Other undisclosed current assets6615(69)(79)(82)(329)(313)
Total current assets:1,096965794783742884804
Noncurrent Assets
Operating lease, right-of-use asset152
Property, plant and equipment92857562758279
Long-term investments and receivables798498105107122108
Accounts and financing receivable, after allowance for credit loss798498105107122108
Intangible assets, net (including goodwill)1,2391,2071,2491,2321,2621,2891,316
Goodwill1,1971,1721,2051,1801,1981,2121,219
Intangible assets, net (excluding goodwill)41354452647797
Deferred costs     13 
Other noncurrent assets32384144445358
Other undisclosed noncurrent assets     (13) 
Total noncurrent assets:1,5941,4141,4631,4421,4871,5461,561
TOTAL ASSETS:2,6902,3792,2572,2252,2292,4312,365
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:15810595879099127
Accounts payable 18141610914
Accrued liabilities 524643465353
Employee-related liabilities354    221223
Taxes payable 1312917129
Interest and dividends payable 22239 
Other undisclosed accounts payable and accrued liabilities(196)19211714(205)(173)
Deferred revenue34
Debt32    116
Billings in excess of cost47302936 
Contract with customer, liability44
Other liabilities  410378347367384
Other undisclosed current liabilities322334(142)(117)(119)(146)(133)
Total current liabilities:547483410378347367384
Noncurrent Liabilities
Long-term debt and lease obligation444266396366495700711
Long-term debt, excluding current maturities273266396366495700711
Operating lease, liability171
Liabilities, other than long-term debt, including:238131259274240264230
Deferred compensation liability, classified     1 
Deferred tax liabilities, net  174140162138
Deferred income tax liabilities159
Liability for uncertainty in income taxes 433833
Other liabilities781271341001009990
Other undisclosed liabilities, other than long-term debt  122(3)(8)  
Other undisclosed noncurrent liabilities 151   (704)(714)
Total noncurrent liabilities:682548655640734261227
Other undisclosed liabilities     700711
Total liabilities:1,2291,0301,0651,0181,0811,3281,323
Stockholders' equity
Stockholders' equity attributable to parent1,4611,3491,1921,2071,1481,1031,042
Common stock0000000
Additional paid in capital35300266417401393362
Accumulated other comprehensive loss(164)(148)(120)(151)(109)(80)(51)
Retained earnings1,3841,1971,046941855789731
Other undisclosed stockholders' equity attributable to parent205      
Total stockholders' equity:1,4611,3491,1921,2071,1481,1031,042
TOTAL LIABILITIES AND EQUITY:2,6902,3792,2572,2252,2292,4312,365

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,2552,0281,8081,8101,7791,7561,652
Cost of revenue(1,456)(1,328)(1,216)(1,211)(1,171)(1,145)(1,042)
Gross profit:799700592600608611610
Operating expenses(493)(466)(430)(435)(433)(508)(543)
Other undisclosed operating income (loss)(4)(8)(54)(23)(11)4314
Operating income:30222610914216514781
Nonoperating expense(22)(18)(22)(14)(59)(46)(50)
Foreign currency transaction gain (loss), before tax 0(0)5(1)(3)(2)
Interest and debt expense(3)(9)(25)(25)(20)(51)(51)
Other undisclosed income from continuing operations before equity method investments, income taxes392525205151
Income from continuing operations before income taxes:2802088712810510132
Income tax expense (benefit)(69)(57)21(42)(39)(43)(42)
Net income (loss) available to common stockholders, diluted:211151108866659(11)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):211151108866659(11)
Other comprehensive income (loss)(26)(28)31(42)(29)(29)(10)
Comprehensive income (loss), net of tax, attributable to parent:185123139443730(20)

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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