FTI Consulting, Inc. (FCN) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments494295369312190216150
Cash and cash equivalents494295369312190216150
Receivables822757737603556522551
Prepaid expense53484036363331
Other current assets    819292
Other undisclosed current assets1303315(69)(79)(82)
Total current assets:1,3701,1301,179965794783742
Noncurrent Assets
Operating lease, right-of-use asset216157160
Property, plant and equipment1421029485756275
Long-term investments and receivables5461698498105107
Accounts and financing receivable, after allowance for credit loss5461698498105107
Intangible assets, net (including goodwill)1,2651,2761,2411,2071,2491,2321,262
Goodwill1,2331,2351,2031,1721,2051,1801,198
Intangible assets, net (excluding goodwill)32423835445264
Other noncurrent assets54524138414444
Total noncurrent assets:1,7311,6481,6041,4141,4631,4421,487
TOTAL ASSETS:3,1012,7772,7832,3792,2572,2252,229
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:165170159105958790
Accounts payable16131818141610
Accrued liabilities62654752464346
Taxes payable1915361312917
Interest and dividends payable2322223
Other undisclosed accounts payable and accrued liabilities66745619211714
Deferred revenue464437
Billings in excess of cost473029
Contract with customer, liability44
Other liabilities    410378347
Other undisclosed current liabilities508456417334(142)(117)(119)
Total current liabilities:718670613483410378347
Noncurrent Liabilities
Long-term debt and lease obligation533448452266396366495
Long-term debt, excluding current maturities297286276266396366495
Operating lease, liability236162176
Liabilities, other than long-term debt, including:266259229131259274240
Deferred tax liabilities, net  174140
Deferred income tax liabilities171158151
Liability for uncertainty in income taxes   4338
Other liabilities9610178127134100100
Other undisclosed liabilities, other than long-term debt    122(3)(8)
Other undisclosed noncurrent liabilities   151   
Total noncurrent liabilities:799707681548655640734
Total liabilities:1,5181,3771,2941,0301,0651,0181,081
Stockholders' equity
Stockholders' equity attributable to parent, including:1,5831,4001,4891,3491,1921,2071,148
Common stock0000000
Additional paid in capital  35300266417401
Accumulated other comprehensive loss(129)(106)(141)(148)(120)(151)(109)
Retained earnings1,6981,5061,4131,1971,046941855
Other undisclosed stockholders' equity attributable to parent14 181    
Total stockholders' equity:1,5831,4001,4891,3491,1921,2071,148
TOTAL LIABILITIES AND EQUITY:3,1012,7772,7832,3792,2572,2252,229

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,7762,4612,3532,0281,8081,8101,779
Cost of revenue(1,916)(1,673)(1,535)(1,328)(1,216)(1,211)(1,171)
Gross profit:861789818700592600608
Operating expenses(538)(488)(504)(466)(430)(435)(433)
Other undisclosed operating loss(11)(17)(8)(8)(54)(23)(11)
Operating income:312283306226109142165
Nonoperating expense(14)(20)(17)(18)(22)(14)(59)
Foreign currency transaction gain (loss), before tax2(4)(3)0(0)5(1)
Interest and debt expense(20)(20)(19)(9)(25)(25)(20)
Other undisclosed income from continuing operations before equity method investments, income taxes 20199252520
Income from continuing operations before equity method investments, income taxes:27826228820887128105
Other undisclosed income from continuing operations before income taxes20      
Income from continuing operations before income taxes:29826228820887128105
Income tax expense (benefit)(63)(52)(72)(57)21(42)(39)
Net income available to common stockholders, diluted:2352112171511088666

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2352112171511088666
Other comprehensive income (loss)(22)34 (28)31(42)(29)
Comprehensive income:2132452171231394437
Other undisclosed comprehensive income, net of tax, attributable to parent  7    
Comprehensive income, net of tax, attributable to parent:2132452241231394437

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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