TechnipFMC plc (FTI) financial statements (2022 and earlier)

Company profile

Business Address HADRIAN HOUSE
NEWCASTLE UPON TYNE, NE6 3PL
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6454,8085,1905,5406,7370
Cash and cash equivalents1,3274,8085,1905,5406,7370
Short-term investments317     
Receivables853542,2872,4701,484 
Inventory, net of allowances, customer advances and progress billings1,0321,2691,4161,251987 
Inventory1,0321,2691,4161,251987 
Prepaid expense 112    
Contract with customer, asset9661,2681,5201,295
Derivative instruments and hedges, assets1103011029678 
Advances on inventory purchases79204243190391 
Disposal group, including discontinued operation84     
Costs in excess of billings1,756 
Other current assets5129938646561,2060
Other undisclosed current assets8282,138265284337 
Total current assets:5,34211,44511,88611,78112,9770
Noncurrent Assets
Operating lease, right-of-use asset7081,017893
Property, plant and equipment2,5972,8623,1623,2603,872 
Long-term investments and receivables292359300395273 
Long-term investments292359300395273 
Intangible assets, net (including goodwill)8143,4946,6858,78410,264 
Goodwill 2,5135,5987,6088,930 
Intangible assets, net (excluding goodwill)8149811,0871,1771,334 
Derivative instruments and hedges1136401895 
Deferred income tax assets74218261
Other noncurrent assets130236293314329 
Deferred tax assets, net 455 
Other undisclosed noncurrent assets5228 232  
Total noncurrent assets:4,6798,24811,63213,00315,287 
TOTAL ASSETS:10,02019,69323,51924,78528,2640
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6133,2333,1473,0774,681 
Accounts payable1,2942,7402,6602,6003,959 
Employee-related liabilities194419412395402 
Taxes payable125747682320 
Deferred revenue1,0134,7364,585
Debt2786364956777 
Derivative instruments and hedges, liabilities16116714113869 
Billings in excess of cost3,314 
Contract with customer, liability4,085
Other liabilities6601,3691,4951,7671,688 
Other undisclosed current liabilities126274275   
Total current liabilities:3,85210,41510,1389,1349,829 
Noncurrent Liabilities
Long-term debt and lease obligation2,4254,1994,6624,1243,778 
Long-term debt, excluding current maturities1,7273,3183,9804,1243,778 
Finance lease, liability51  
Operating lease, liability647881682
Liabilities, other than long-term debt3258219908471,247 
Deferred tax liabilities, net 420 
Deferred income tax liabilities4880138
Liability, pension and other postretirement and postemployment benefits113421369299282 
Other liabilities148297430503477 
Derivative instruments and hedges, liabilities1623534568 
Other undisclosed noncurrent liabilities   209  
Total noncurrent liabilities:2,7505,0195,6515,1815,025 
Total liabilities:6,60215,43515,79014,31514,854 
Temporary equity, carrying amount 444139  
Stockholders' equity
Stockholders' equity attributable to parent, including:3,4034,1547,65910,40013,3880
Common stock451450447451465 
Additional paid in capital9,16110,24210,18310,19710,4830
Accumulated other comprehensive loss(1,305)(1,623)(1,408)(1,360)(1,004) 
Retained earnings (accumulated deficit)(4,904)(4,915)(1,563)1,1143,448(0)
Other undisclosed stockholders' equity attributable to parent   (2)(5)0
Stockholders' equity attributable to noncontrolling interest 60293122 
Other undisclosed stockholders' equity16     
Total stockholders' equity:3,4184,2147,68810,43113,4090
TOTAL LIABILITIES AND EQUITY:10,02019,69323,51924,78528,2640

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues6,40413,05113,40912,55315,057 
Revenue, net15,057 
Cost of revenue(5,583)(11,252)(11,016)(10,310)(12,626) 
Cost of goods and services sold    (12,387) 
Gross profit:8211,7992,3932,2432,431 
Operating expenses(787)(4,684)(3,920)(3,161)(1,465) 
Other operating expense, net
(Other Expenses)
     (0)
Operating income (loss):34(2,886)(1,527)(918)965(0)
Nonoperating income (expense)36988(104)(203)115 
Investment income, nonoperating32257117121141 
Other nonoperating income (expense)4731(221)(324)(26) 
Interest and debt expense(219)(350)(568)(482)(456) 
Income (loss) from continuing operations before equity method investments, income taxes:184(3,148)(2,199)(1,602)624(0)
Income from equity method investments1636311456 
Other undisclosed income from continuing operations before income taxes14     
Income (loss) from continuing operations before income taxes:198(3,085)(2,136)(1,488)680(0)
Income tax expense(111)(153)(276)(423)(546) 
Income (loss) from continuing operations:87(3,238)(2,412)(1,911)134(0)
Loss from discontinued operations(73)     
Net income (loss):14(3,238)(2,412)(1,911)134(0)
Net loss attributable to noncontrolling interest (50)(3)(11)(21) 
Other undisclosed net loss attributable to parent(1)     
Net income (loss) available to common stockholders, diluted:13(3,288)(2,415)(1,922)113(0)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):14(3,238)(2,412)(1,911)134(0)
Other comprehensive income (loss)85(214)(49)(361)98 
Comprehensive income (loss):99(3,452)(2,461)(2,271)233(0)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(50)(2)(6)(21) 
Comprehensive income (loss), net of tax, attributable to parent:100(3,503)(2,463)(2,278)211(0)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: