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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,8085,1905,5406,7370
Cash and cash equivalents4,8085,1905,5406,7370
Receivables3542,2872,4701,484 
Inventory, net of allowances, customer advances and progress billings1,2691,4161,251987 
Inventory1,2691,4161,251987 
Prepaid expense112    
Contract with customer, asset1,2681,5201,295
Derivative instruments and hedges, assets3011029678 
Advances on inventory purchases204243190391 
Costs in excess of billings1,756 
Other current assets9938646561,2060
Other undisclosed current assets2,138265284337 
Total current assets:11,44511,88611,78112,9770
Noncurrent Assets
Operating lease, right-of-use asset1,017893
Property, plant and equipment2,8623,1623,2603,872 
Long-term investments and receivables359300395273 
Long-term investments359300395273 
Intangible assets, net (including goodwill)3,4946,6858,78410,264 
Goodwill2,5135,5987,6088,930 
Intangible assets, net (excluding goodwill)9811,0871,1771,334 
Derivative instruments and hedges36401895 
Deferred income tax assets218261
Other noncurrent assets236293314329 
Deferred tax assets, net 455 
Other undisclosed noncurrent assets28 232  
Total noncurrent assets:8,24811,63213,00315,287 
TOTAL ASSETS:19,69323,51924,78528,2640
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2333,1473,0774,681 
Accounts payable2,7402,6602,6003,959 
Employee-related liabilities419412395402 
Taxes payable747682320 
Deferred revenue4,7364,585
Debt6364956777 
Derivative instruments and hedges, liabilities16714113869 
Billings in excess of cost3,314 
Contract with customer, liability4,085
Other liabilities1,3691,4951,7671,688 
Other undisclosed current liabilities274275   
Total current liabilities:10,41510,1389,1349,829 
Noncurrent Liabilities
Long-term debt and lease obligation4,1994,6624,1243,778 
Long-term debt, excluding current maturities3,3183,9804,1243,778 
Operating lease, liability881682
Liabilities, other than long-term debt8219908471,247 
Deferred tax liabilities, net 420 
Deferred income tax liabilities80138
Liability, pension and other postretirement and postemployment benefits421369299282 
Other liabilities297430503477 
Derivative instruments and hedges, liabilities23534568 
Other undisclosed noncurrent liabilities  209  
Total noncurrent liabilities:5,0195,6515,1815,025 
Total liabilities:15,43515,79014,31514,854 
Temporary equity, carrying amount444139  
Stockholders' equity
Stockholders' equity attributable to parent, including:4,1547,65910,40013,3880
Common stock450447451465 
Additional paid in capital10,24210,18310,19710,4830
Accumulated other comprehensive loss(1,623)(1,408)(1,360)(1,004) 
Retained earnings (accumulated deficit)(4,915)(1,563)1,1143,448(0)
Other undisclosed stockholders' equity attributable to parent  (2)(5)0
Stockholders' equity attributable to noncontrolling interest60293122 
Total stockholders' equity:4,2147,68810,43113,4090
TOTAL LIABILITIES AND EQUITY:19,69323,51924,78528,2640

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues13,05113,40912,55315,057 
Revenue, net15,057 
Cost of revenue(11,252)(11,016)(10,310)(12,626) 
Cost of goods and services sold   (12,387) 
Gross profit:1,7992,3932,2432,431 
Operating expenses(4,684)(3,920)(3,161)(1,465) 
Other operating expense, net
(Other Expenses)
    (0)
Operating income (loss):(2,886)(1,527)(918)965(0)
Nonoperating income (expense)88(104)(203)115 
Investment income, nonoperating57117121141 
Other nonoperating income (expense)31(221)(324)(26) 
Interest and debt expense(350)(568)(482)(456) 
Income (loss) from continuing operations before equity method investments, income taxes:(3,148)(2,199)(1,602)624(0)
Income from equity method investments636311456 
Income (loss) from continuing operations before income taxes:(3,085)(2,136)(1,488)680(0)
Income tax expense(153)(276)(423)(546) 
Net income (loss):(3,238)(2,412)(1,911)134(0)
Net loss attributable to noncontrolling interest(50)(3)(11)(21) 
Net income (loss) available to common stockholders, diluted:(3,288)(2,415)(1,922)113(0)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(3,238)(2,412)(1,911)134(0)
Other comprehensive income (loss)(214)(49)(361)98 
Comprehensive income (loss):(3,452)(2,461)(2,271)233(0)
Comprehensive loss, net of tax, attributable to noncontrolling interest(50)(2)(6)(21) 
Comprehensive income (loss), net of tax, attributable to parent:(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.

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